OMB officially approves Saw Whet lands for residential development

By: Case Feenstra Team

OMB officially approves Saw Whet lands for residential development

Tags: Ontario Municipal Board, Oakville, Real Estate development, Greenspace

It seems like the OMB has a strong tendency to approve greenfield development where many don’t want it, at least in Oakville. The former Saw Whet Golf Course will be developed into residential and retail units by a company called Bronte Green Corporation.   The official announcement to develop Saw Whet comes soon after Glen Abbey Golf was approved for development by OMB. Oakville will b...Read More

This Weekend July 14th: Oakville Midnight Madness

By: Case Feenstra Team

This Weekend July 14th: Oakville Midnight Madness

Tags: Community, Family, Downtown Oakville, Lakeshore

Mark your calendars – this Friday, July 14 is Midnight Madness, one of Oakville’s memorable community events and the largest retail event of the year. The event starts at 6pm and lasts until midnight. In addition to shopping, Midnight Madness has food, live music performances, and entertainment.   This year marks the 40th year of Midnight Madness in Oakville. The continuation of t...Read More

Unfair: Preferential Condo Sales

By: Case Feenstra Team

Unfair: Preferential Condo Sales

Tags: Real Estate Agents, Home Buyers, Condo Developers, BrokersĀ 

Preferential Condo Sales have become the standard practice by insider real estate agents. What are preferential condo sales and why are they unfair for buyers?   Preferential condo sales occur when developers or brokers make exclusive deals with real estate agents. Take M City for example. M City is the Mississauga development close by Square One that was heavily marketed and therefore sought...Read More

Foreign Buyer Tax on 4.7% of total home buyers is only Symbolic

By: Case Feenstra Team

Foreign Buyer Tax on 4.7% of total home buyers is only Symbolic

Tags: Tax, Housing solutions, Affordable Housing, GTA Real Estate

Since the Ontario government announced the 15% foreign buyer tax, one might think that foreign buyers were a significant contributing factor to the drastic increases in housing prices. 4.7% of buyers in the GTA – from Niagara to Peterborough – are non-residents, which suggests that the overall impact is rather small. At this point, the tax is only symbolic of government action.   ...Read More

Canadian Interest Rate to Increase: What it means for Real Estate

By: Case Feenstra Team

Canadian Interest Rate to Increase: What it means for Real Estate

Tags: Real Estate Markets, GTA, Bank of Canada, Debt Level

The Canadian interest rate hasn’t increased in almost a decade. The Bank of Canada will make an announcement this week that will impact borrowers, savers, and the decisions of Canadians looking to get into the real estate market.   All the way back in 2014 when the interest rate was 1%, the Bank of Canada has said the interest rate will have to rise eventually. Except in 2015, the oil p...Read More

10 Ways to keep Cool in the Summer Without Air Conditioning

By: Case Feenstra Team

10 Ways to keep Cool in the Summer Without Air Conditioning

Tags: Summer, Oakville, Air Conditioning, Energy Saving

Sure, you can rely on your air conditioner, but there are many simple ways to keep your home cool in the summer without using energy. Plus you’ll save money on your energy bill. Check out the following ideas. They might be worth the effort! Unplug the TV, computer and other appliances – Most, if not all appliances emit heat, especially TVs and computers, even when they are on standb...Read More

6 things to do in Bronte Village For Canada 150

By: Case Feenstra Team

6 things to do in Bronte Village For Canada 150

Tags: Oakville, Canada 150, Bronte Village, Canada Day

This is a big year for Canada. So the celebrations should be fittingly big as well. The hotspot of celebration for Canada Day in Oakville is Bronte Heritage Waterfront Park. The party will last from 11am until 11pm. What can you expect to do? Farmers Market. New this year is a farmers market, lasting from 10am – 4pm. Maybe it’s not your idea of celebrating. Maybe it is. Canada is a ...Read More

China is building a Forest City, Ready by 2020

By: Case Feenstra Team

China is building a Forest City, Ready by 2020

Tags: Green Infrastructure, Solar Energy, Forest City, Health, Sustainability

China seems to be taking on a more and more pronounced leadership role when it comes to green investments and green infrastructure. China seems to be paying more attention to reality than other countries (you can guess who).   In the wake of Donald Trump’s announcement to leave and renegotiate the Paris Agreement for a better “deal” (which isn’t going to happen), China...Read More

What is Warren Buffet doing in Canadian Real Estate?

By: Case Feenstra Team

What is Warren Buffet doing in Canadian Real Estate?

Tags: Toronto Real Estate, Investment, Borrowing Costs, Home Capital Group,

Warren Buffet is recognized as a very successful value investor and Canada’s real estate markets seem risky for investors. So what is Warren Buffet’s play?   Home Capital Group Inc. is a Toronto based company that provides lending services to the self-employed and the alternative market. Warren Buffet plans to invest $400 million in the company. Buffet’s investment decisions...Read More

OMB Sides with Clublink for Glen Abbey Development

By: Case Feenstra Team

OMB Sides with Clublink for Glen Abbey Development

Tags: Ontario Municipal Board, Glen Abbey Development, Clublink, Oakville

The Ontario Municipal Board has ruled in favour of Clublink for the full development of the Glen Abbey Golf Course. The Town of Oakville has to make two significant time constrained decisions. Town staff have 120 days to consider and decide on the merits of the rezoning application and 180 days to consider and decide on the application to amend Oakville’s Official Plan.   If decisions a...Read More