SOLD: 10 Enroutes Street, Toronto

10 Enroutes St.

Gorgeous, Modern 3 Bedroom Upper Beach Estates Semi-Detached House, Single Car Garage & Long Private Drive. Large Fenced Yard With Patio Area For Entertaining. Hardwood Floors In Living Room. Eat-In Kitchen, Granite Countertop, Stainless Steel Appliances, Lots Of Storage Space. Master Suite On 3rd Floor Has Walk-In Closet & Ensuite Bath With Soaker Tub. 2nd… Read More

Many older Canadians say mortgage freedom still years away

Many older Canadians say mortgage freedom still years away

Canadians may have to put aside dreams of being financially free by their mid-50s. A majority will carry mortgage debt long after they become eligible for seniors discounts, according to Royal Bank’s (RY-T43.90-1.03-2.29%) latest housing survey. Three-quarters of Canadians surveyed for the poll released Thursday said they want to be mortgage-free by age 65. About 40 per cent… Read More

Canadians putting homes at risk with lines of credit

Canadians putting homes at risk with lines of credit

Debt-ridden Canadians may be enamoured with home equity lines of credit but many are using them as a quick, easy way to borrow without really understanding how they work. A Leger Marketing poll released Tuesday shows that 36 per cent of Canadians have a home equity line of credit (HELOC). Although more than three-quarters – 79… Read More

Canadian home sales top expectations

File photo of a builder putting the finishing touches on a home in Winnipeg.

The Canadian Real Estate Association says home sales in Ontario were stronger than anticipated during the third quarter — resulting in a slightly brighter outlook for CREA’s 2011 and 2012 national forecasts. The industry association is now projecting sales this year will be up 1.4 per cent from 2010, half a percentage point better than the previous… Read More

Olympic bid an economic boost, councillor says

Toronto city councillors mull bid for 2024 Olympics.

Toronto should take a close look at bidding for the 2024 Summer Olympic Games, says Councillor Michael Thompson, chair of council’s economic development committee. “There’s no doubt that it’s extremely exciting when you talk about Olympic opportunities,” said Thompson, who recently spoke to a senior official of the Rio de Janeiro games in 2016. Thompson… Read More

Who needs cable? A 6-month checkup

Who needs cable? A 6-month checkup

Six months ago I cancelled my cable service and invested $175 in an antenna and related gear to pull down nearly 30 channels of high definition TV with no monthly fee. Since April, I’ve saved about $245 in cable bills, leaving me $70 in the black with another $35 a month accruing every month. I’m… Read More

The Fixer: More signs for cruise ship terminal than boats

An abundance of signs in the port lands provide directions to Toronto's little-known cruise ship terminal, which was visited in 2011 by four ships carrying a grand total of 1,600 passengers.

Believe it or not, Toronto has a cruise ship terminal, along with lots of signs to prove it. Cristina Monteiro asked why the city doesn’t take down signs in the port lands for the Rochester ferry, since the ill-fated service sunk in 2005 under a sea of debt and a lack of interest. We reported… Read More

Can you sell your home by email?

Be careful what you say in an email about the purchase or sale of a house.

Over the course of three days last October, Marc Girouard and Kelty Druet corresponded by email about the sale of Druet’s condo in downtown Moncton, N.B. After a series of emails and an offer and counter offer, Druet agreed to sell unit 203 at 850 Main St. for $155,000, or so Girouard thought. But Druet… Read More

50-carat diamond sells for a song

Ritchies' Managing Director Kashif Khan said the diamond was auctioned off because the owner needed a quick sale, due to the rocky economic times in Europe.

Lot 164, glittering in the flash of smartphone cameras, is a magpie’s dream. The 50-carat diamond is about the same size as a quarter, and worth an estimated $10 million. But the diamond sold for $2.7 million ($3 million when commission is included) to a mysterious international buyer at an auction Sunday afternoon at the… Read More

Even in shaky times, real estate can offer a solid investment foundation

As a group, Canadian real estate investment trusts have risen 120 per cent from their lows in early 2009.

Real estate is for optimists, if the recent gains among real estate investment trusts is any indication. As a group, U.S. REITs have risen 170 per cent from their lows in early 2009. Canadian REITs have done almost as well, rising more than 120 per cent. And neither of those returns factors in dividend payments…. Read More