September Real Estate Results: Teeny Jumps

By: Case Feenstra Team

September Real Estate Results: Teeny Jumps

Tags: Housing Correction, Real Estate, Housing prices,

The September real estate market jumped slightly, compared to August. The summer real estate slump that came after prices highs in April appears to have ended.   The average home price increased 5.9% from August and is 2.9% higher than this time last year. However, September’s average price is 15.8% lower than the price peak in April.   The increase in prices occurred mostly within...Read More

Oakville Place Sears Closes

By: Case Feenstra

Oakville Place Sears Closes

Tags: OAKVILLE PLACE, RETAILERS, OAKVILLE, SEARS

The Sears business has been going through troubles over the last few years. And the troubles have reached the Oakville Place Sears location with the recent announcement of closure.   1,200 jobs will be lost which is a tragedy for Oakville’s workers. 10 other Sears locations have also been closed across Canada which is a huge blow.   Retailers have to now contend with online platfor...Read More

Toronto ranked as the #1 at risk City for a Housing Bubble

By: Case Feenstra Team

Toronto ranked as the #1 at risk City for a Housing Bubble

Tags: Toronto, Real Estate, Home Buyers

Each year, UBS publishes a list of cities ranked by their vulnerability to a housing crash. This year Toronto ranked #1 for most at risk of having a housing bubble.   But wait, what about all the news about slowing housing activity and low real estate sales? The UBS study is based on data up to the end of the second quarter which is June. It is now the end of the third quarter and things have...Read More

Harvest Halton: Downtown Oakville Local Event

By: Case Feenstra Team

Harvest Halton: Downtown Oakville Local Event

Tags: Downtown Oakville, Local Event, Halton

Fall is a time of harvest. Downtown Oakville is hosting its very own harvest event on October 16th from 1-4pm where restaurants will offer a farm-to-chef culinary experience.   Local farmers and chefs have teamed up for the event to create unique sample dishes. It is not every day, when you can eat local food cooked in a fine restaurant (unless you have your own garden and superb cooking skil...Read More

Canadian Real Estate Buyers could lose 25% of Buying Power

By: Case Feenstra Team

Canadian Real Estate Buyers could lose 25% of Buying Power

Tags: Real Estate, Interest Rate, Uninsured mortgage, Down Payment

Canadians buying power for real estate has already taken a blow from the recent interest rate hikes. The latest blow to buying power comes from Office of the Superintendent of Financial Institutions (OSFI) which is holding public consultations on new mortgage guidelines. The guidelines will be designed to prevent buyers from taking on too much mortgage debt.   This could be positive news if y...Read More

Clublink files for Demolition Permit for Glen Abbey

By: Case Feenstra Team

Clublink files for Demolition Permit for Glen Abbey

Tags: Oakville, Glen Abbey, Parklands, Heritage Site

Things are getting heated. Clublink seems to be determined to move forward with its development plan despite the opposition of the Oakville community. Clublink, the owner of Glen Abbey, filed an application to demolish the golf course. And this comes soon after the Town Council voted to designate Glen Abbey as a heritage site AND after Oakville’s Town Planners expressed that the Glen Ab...Read More

6 Road Changes to affect Future Midtown Oakville

By: Case Feenstra Team

6 Road Changes to affect Future Midtown Oakville

Tags: Midtown Oakville, Trafalgar Road, Infrastructure, Real Estate

Midtown Oakville is an important commercial and transport hub of Oakville, home to many businesses and the Oakville GO Station. As such, the area is slated for intensification, with plans to accommodate a minimum of 20,000 more people and jobs by 2031. It’s good for Oakville, but it also means more infrastructure is needed, like roads and condos. And some people aren’t happy.   So...Read More

This Saturday: Toronto’s Nuit Blanche 2017

By: Case Feenstra Team

This Saturday: Toronto’s Nuit Blanche 2017

Tags: Toronto, Nuit Blanche, Contemporary Art, Artist, Event

Do you enjoy street art? Nuit Blanche is Toronto’s free all-night contemporary art show. Its one of the highlighted city events of the year that attracts thousands of people. Approximately 300,000 people attended last year. If you have never been, its worth checking out this Saturday September 30th  from sunset to sunrise.   This year there are more than 85 projects spread across T...Read More

How Higher Interest rates will Affect Canadian Real Estate

By: Case Feenstra Team

How Higher Interest rates will Affect Canadian Real Estate

Tags: Interest Rate, Bank of Canada, Variable Mortgage, First Time Buyer

The Bank of Canada recently raised the interest rate to 3.2%. The decision was a surprise and analysts are calling the move “impatient”. The bank was concerned that strong economic growth would lead to inflation – the devaluation of the Canadian currency.   So what does this mean for real estate? If you have a variable mortgage rate, you’re monthly payments will be on ...Read More

Oakville Town Staff Oppose Glen Abbey Redevelopment

By: Case Feenstra Team

Oakville Town Staff Oppose Glen Abbey Redevelopment

Tags: Glen Abbey, Livable Oakville, Clublink, Transit

Hand it to the planners of Oakville. If anyone understands the potential negative impacts of Clubklink’s development proposal for Glen Abbey it is them. Oakville’s planners have expressed clear opposition to Clubklink’s development application through a report release on September 12th.   The planner’s report outlines how Clublink’s application does not represent...Read More