Ajax-Pickering MP Chris Alexander says the Pickering Airport Lands can’t be allowed to continue to hang in limbo. Despite that sentiment, and a promise last summer in the needs assessment survey to create a plan “in the coming months,” there’s still no timeline to develop the land in north Pickering.
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Posted by Randy Ramadhin
on January 26, 2012
DURHAM REGION, January 5, 2011– The resale housing market in Durham Region cooled in December with 517 sales which was 254 fewer sales than in November. “This kind of market activity is very typical for this time of year. Overall 2011 has been a strong year with a total of 9,807 sales in the region,” commented Christine Marquis, President of the Durham Region Association ...
Posted by Randy Ramadhin
on January 12, 2012
Oshawa has hosted students renting in this city ever since Durham College was established in the late 1960’s. With this smaller campus quite north of the main city, students were hardly noticed. Quite the difference a few decades later to the overwhelming presence of a college aged population, Oshawa is becoming something of a University town. Trent University has expanded their Oshawa branch ...
Posted by Randy Ramadhin
on January 9, 2012
The proposed affordable housing project in the Railways Lands condominium development is now in limbo due to the Toronto Community Housing Corporation’s lack of funding for the project. This has caused quite a stir in the area for residents and potential investors. The location serves residents of nearby condo towers built by Concord Adex. The land was allocated for two schools, a community centre, ...
Posted by Randy Ramadhin
on December 19, 2011
Oshawa is booming once again! While most Canadian cities saw economic growth slowing in 2011, Oshawa ranked third highest for economic growth and expects GDP to rise by 3.5% according to the news release by the Conference Board of Canada.
In the last five years, Oshawa has devoted countless resources in giving their downtown a good facelift. This has attracted a whole new community of working professionals ...
Posted by Randy Ramadhin
on December 1, 2011
If you drive east past Brock, just north of Taunton, you’ll see that the construction has started Highway 407 East along Winchester. This highway will be a publicly owned toll road, operated by the province. The design and construction of this highway is expected to create and sustain roughly 13,000 jobs throughout the Durham Region. The highway will be constructed in two phases, from Brock ...
Posted by Randy Ramadhin
on November 8, 2011
I get asked this all the time from already and newbie real estate investors why and how I invest in condominiums. I get comments like “You can’t cashflow with the maintenance fees!” or “The prices just don’t make sense!” I usually respond by saying cashflow with freehold is usually just an illusion.
Most investors pocket this net cash inflow after expenses every ...
Posted by Randy Ramadhin
on June 10, 2011
Most new home buyers don’t know and why would the builder want you to know this anyway?! Empowered buyers are using Tarion to fight back. I encourage you to consult with your lawyer on this matter. For more details go to www.tarion.com. Condominium buyers do you know that most builders will give permission to assign your unit during the interim occupancy period for a fee?Why is this a better ...
Posted by Randy Ramadhin
on June 10, 2011
As with many areas across Ontario, Brampton is seeing an explosion in housing development presently. And this exciting new trend is set to continue with Preston Homes leading the way. With their innovative approach and experience, the new residents of the community are likely to be well looked after; no matter what individual or family budgets are.
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Posted by Randy Ramadhin
on June 10, 2011
I recently discussed with an investor class a question: “Where should I invest in a condominium?”. The question of freehold versus condo has already been answered because the investors were interested in a low hassle investment, read other blog titled “How Can Condo Investing Work with High Maintenance Fees“.I asked, if you bought a 1 bedroom plus den downtown Toronto versus ...
Posted by Randy Ramadhin
on June 10, 2011