Toronto property purchases hit record

Real estate players spent a record $4.9-billion buying and investing in commercial property in the Greater Toronto Area in the latest quarter, but some are questioning whether this is the peak. The total investment in office towers, industrial complexes and shopping centres from April to June was $1-billion higher than the previous high-water mark of…

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Screwed? Investors challenged by Kitec discovery

Buyer beware…especially when it comes to plumbing. Some condo investors have been left with the possibility of thousands of dollars in repair bills after discovering the presence of the controversial Kitec plumbing products in their units and building.Two years ago, IPEX Inc. and IPEX USA LLC, manufacturers of Kitec, settled a $128 million lawsuit because…

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Canadian housing market flat again in April

The average price of a Canadian home inched slightly higher to $380,588 in April, even as a decline in the number of homes sold suggested a modest real estate slowdown is underway. The Canadian Real Estate Association said Wednesday that home sales declined 3.1 per cent in April compared to where they were a year…

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Canadians obsessed with real estate, poll suggests

Most Canadians think about real estate on a regular basis, and a good number of them are obsessed with it, an online survey suggests. That’s the takeaway of a recent poll by online home selling firm Zoocasa, where the real estate company commissioned Abacus Data to poll 1,000 Canadians online between June 3 and 6,…

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