Here’s Where you can Buy Houses in Toronto for Under $1 Million

The price of detached houses in Toronto surpassed the $1 million mark for the first time in 2015. Since then prices have hovered at a consistent high and according to a new report by RE/MAX, they’re again on the rise. RE/MAX examined the Toronto Real Estate Boards 65 districts and found that detached housing values rose in 57 per cent of neighbourhoods in the 416. While this is welcome news for those who already own a piece of this lucrative property pie, those trying to buy houses in Toronto find themselves wondering if and when affordability will return to this hot market. Despite the affordability woes, detached home sales in the GTA were way up in the first half of the year. Year-to-date transactions are up 17 per cent over 2018 figures – 20,067 versus 17,202 – and double-digit sales increases happened in over 70 per cent of TREB districts, which includes areas in the 416 and 905.

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How to live Large in a Tiny Home

The tiny home trend comes with many benefits, such as a lower price and less “stuff” to clutter your life. But living in a bachelor apartment, loft or bona fide “tiny home” can be tricky when it comes to planning where to put your furniture and belongings. You may have to get creative in terms of storage, beds, coffee tables and just about everything in between. Thankfully, it’s easy to make the most out of a small space by strategizing your interior design. Here are four ways to live large in your tiny home.

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Should You Buy Real Estate in Vancouver?

Vancouver is located in the balmy Lower Mainland of British Columbia. It has the highest population for the province, but even at 600,000 people, that is still far less than most major urban centres. As a coastal seaport city, it has warmer year-round temperatures than the rest of Canada as well as stunning land, sea, and mountain views that are hard to find anywhere else.

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Bank of Canada makes its Latest Interest Rate Announcement

As was widely expected, the Bank of Canada has announced that it will maintain its overnight interest rate target at 1.75 per cent, marking its seventh straight decision to hold steady since raising its interest rate almost a year ago. The Bank justified its decision citing the escalating trade war between the US and China, which has negatively impacted world trade and the global economy. Meanwhile in Canada, things are looking more rosy with economic performance exceeding the Bank’s July projection, wages up and housing activity bouncing back supported by lower mortgage rates. The next interest rate announcement is scheduled on October 30, 2019. Read the full release below:

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Navigating Canada’s Diverse Food Scene

While Canada has a lot to offer, we’re especially lucky to have an incredibly diverse food scene. As a country that takes pride in its multiculturalism, there is no shortage of options when it comes to what’s on your dinner plate. It’s truly an exciting time, with chefs from across the nation creating new flavour profiles by using Canadian ingredients intermingled with ethnic flavours and infusions. Here are some of the most diverse food scenes that the country has to offer.

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