In China, home buyers occupy their ‘rotting’, unfinished properties

In China, home buyers occupy their ‘rotting’, unfinished properties

Unfinished apartment buildings stand at a residential complex in Guilin, Guangxi Zhuang Autonomous Region, China, on Sept. 17.STAFF/Reuters For six months, home for Ms. Xu has been a room in a high-rise apartment in the southern Chinese city of Guilin that she bought three years ago, attracted by brochures touting its riverfront views and the … Read more

Home construction authority moves to revoke Burlington developer’s license

Home construction authority moves to revoke Burlington developer’s license

Ontario’s Home Construction Regulatory Authority (HCRA) wants to revoke the license of Adi Developments, the company that last spring demanded buyers of its Burlington Nautique condos pay millions of thousands of dollars more for units they agreed to purchase as far back as 2015. Those who refused to pay the additional sum had their purchase … Read more

German consul arrested in Brazil over husband’s death

German consul arrested in Brazil over husband’s death

Brazilian police officers escort Uwe Herbert Hahn, German consul in Rio de Janeiro, following his arrest for the alleged murder of his husband, on August 7.REUTERS TV/Reuters A German diplomat in Rio de Janeiro, Uwe Herbert Hahn, was arrested on Saturday night in connection with the death of his Belgian husband, police said. Hahn said … Read more

Kitchener woman, 35, with zero debt says she just wants a house ‘but it’s proving to be very difficult’

Kitchener woman, 35, with zero debt says she just wants a house ‘but it’s proving to be very difficult’

Photo illustration/ SOURCE: iStock Paycheque Project is a non-judgmental look at how young adults in Canada are spending their money. If you would like to participate, send us an e-mail. Name, age: Courtney, 35 Annual income: $80,000 Debt: $0 Savings: $48,000 in savings account; $81,000 in TFSA; $50,000 in RRSPs What she does: sales representative … Read more

Toronto developers expected to delay 10,000 units as slowdown hits condo presales

Toronto developers expected to delay 10,000 units as slowdown hits condo presales

There are signs that the broader real estate slowdown has spread to the preconstruction market, where purchases are seen as bets on future housing because buyers wait years for their properties to be built.CARLOS OSORIO/Reuters Toronto developers are expected to delay the launch of 10,000 condo units this year, as preconstruction condo sales plunge amid … Read more

‘Prison cell’-sized apartment for rent for $550 in Hamilton

‘Prison cell’-sized apartment for rent for 0 in Hamilton

The rectangular-shaped room is fitted with a shower, a sink, and a toilet. There is one window, and a shelving unit above the latrine. But this room isn’t just any old bathroom. It’s actually an apartment listed for rent in Hamilton’s east-end. Just steps away from the shower, there is a kitchenette with a handful … Read more

Toronto property listings are being canceled at ‘unprecedented’ rates

Toronto property listings are being canceled at ‘unprecedented’ rates

Property listings across Toronto are being canceled at an “unprecedented” rate since the beginning of 2022, an indication that sellers are not getting offers they want amid market uncertainty, experts say. Sellers terminated 2,822 condo listings in June, a 643 per cent increase from 380 cancellations in January according to a report from Strata.ca, a … Read more

When should Peggy and Howard sell their rental property – and their own family home?

When should Peggy and Howard sell their rental property – and their own family home?

Justin Tang/The Globe and Mail When they first had a Financial Facelift, Peggy and Howard were just starting out, “first home, first kid, first professional jobs,” Peggy writes in an email. A quarter century has passed since then. They’ve moved from the Prairies to an Ontario bedroom community. Howard is now 62, Peggy is 60. … Read more

Toronto condo rents hit record high as renters face ‘extreme’ affordability challenge

Toronto condo rents hit record high as renters face ‘extreme’ affordability challenge

A woman walks past condo buildings in Toronto’s Liberty Village neighborhood on July 13.CARLOS OSORIO/Reuters It’s a landlord’s market in Toronto once again. Condo rents hit a record high in the second quarter of this year, as soaring borrowing costs pushed residents into the rental market and more people flocked back to the city. Across … Read more

Keith and Beverly retired early to travel in an RV, but what should they do with their condo?

Keith and Beverly retired early to travel in an RV, but what should they do with their condo?

Keith and BeverlyDARREN CALABRESE/The Globe and Mail The loss of a loved one recently lent a sense of urgency to Keith and Beverly’s future plans; suddenly, life looked precious and brief. So, they abruptly quit their work and hit the road in their RV, planning to spend as much time as they want traversing North … Read more