Bogdan Poprawski's blog

Growing pains?
Development fights aren’t rare in the growing the GTA. What distinguishes their opposition, say the Montclair residents, is the unacceptable precedent this development presents in terms of its scale and intrusion on a narrow, low-rise street.
​“What is different is this is a development proposal ideally suited to a major arterial roadway or the intersection of a major arterial roadway where the building can breathe,” said Gordon Harris, a veteran urban planner, and developer, who lives on Montclair.

How long will this last?
The number of Canadians who expect to buy a home within the next year grew this summer, particularly among renters looking for more outdoor space and distance, says the second of a four-part survey by Mortgage Professionals Canada (MPC).
​But the association’s chief economist Will Dunning said there are still too many unknowns to predict whether the summer’s hot housing market will continue through the fall.

Toronto’s towering condo buildings have become almost as synonymous with the city as its red and white TTC streetcars. But just as the pandemic has touched every other aspect of our lives, there are signs that the city’s climbing condo market hasn’t been entirely immune.
​For the first time since a year over year dip following the financial downturn in late 2008 and early 2009, real estate experts say there is a softening in the condo sector.

Did you know this?
The federal government is extending its commercial rent relief program one last time.
The Liberals say the program that aims to help small businesses with their rent or lease costs will be extended for this month, unveiling the details one week after rent was due.
In a release, the government says the one-month lifeline is a "final extension" for the program and that officials are looking at other options to help small businesses.

Generally - what is happening in the US; business, sooner or late comes to Canada, r

Generally - what is happening in the US; business, sooner or late comes to Canada, r

Here is an interesting take on investing by millennials. Just one of many examples, but there is some trend in it.
Buying a house is still ... on the backburner?
https://financialpost.com/personal-finance/young-money/this-millennial-is-afraid-to-invest-and-its-holding-back-his-dream-of-owning-a-home/wcm/fda1bcef-7baa-4784-9463-21266e38151e/

And another record.
How long will this last?
The pandemic has stretched the usually busy spring real estate season right through the summer with GTA home prices hitting another record last month as the market saw a surge of condo listings and buyers competing for detached and semi-detached houses.
The average selling price of all home categories rose 20 percent year over year in August to $951,404, up of $7,738 from July’s average.

There are tenants and there are tenants.
Hard to believe? Check this story out:
A Toronto landlord is not happy after claiming that tenants renting his parents' property worth $5 million owe over $55,000 in unpaid rent.
Real estate agent Varun Sriskanda says that his parents have had numerous rental properties in the past but this incident is "boggling everyone's mind."

Have you ensured your home purchase deal includes an inspection immediately before closing?

It’s the night before closing, the seller has moved out and the buyer wants to do a last-minute inspection to ensure there’s been no damage since the last visit.
Is she or he entitled to a day-of-closing inspection if there is no clause in the purchase agreement allowing a final check?
The court case most often cited as support for a right to final inspection is  Harkness v. Cooney, a decision of the Waterloo County Court in 1979.