Clarrie Feinstein
Reporter at The (Toronto) Star
business, real estate reporter @TorontoStar | UofT & NYU alum
Articles
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3 weeks ago |
therecord.com | Clarrie Feinstein
Interest rates on fixed-rate mortgages won’t go down any time soon as U.S. tariffs continue to cast uncertainty on global markets, pushing mortgage shoppers to inquire more about variable rates, brokers say. Variable-rate mortgages are tied to rate changes by the Bank of Canada, meaning variable-rate mortgages move in lock-step with increases or decreases to the central bank’s key rate.
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3 weeks ago |
thespec.com | Clarrie Feinstein
The end of Toronto’s spring real estate market remained muted, with the lowest sales data for May in more than two decades and prices softening across the board. There were 6,244 sales in May, down more than 13 per cent compared to the same time last year, and the lowest May sales data since at least 2002, with the exception of May 2020 right after pandemic lockdowns began. In 2002, there were far fewer homes and people, with the city’s population growing by more than 35 per cent in two decades.
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3 weeks ago |
thespec.com | Clarrie Feinstein
It’s always a perk having a pool, gym or parking space in your apartment building. But how about free virtual health-care services? Now, residents in Toronto have access to that niche offering in select rental buildings.
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3 weeks ago |
thespec.com | Clarrie Feinstein
First-time homebuyers of newly built homes could get a sizable tax cut. On May 27, the federal government tabled legislative proposals to introduce a new goods and services tax (GST) rebate for first-time homebuyers by eliminating the five per cent GST from the purchase of select new homes, to combat the affordability challenges in the new-build sector and stimulate more sales.
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3 weeks ago |
thespec.com | Clarrie Feinstein
During the 2008 recession, nothing positive was said about the real estate or stock markets — everything was tanking. It was a time for conservative spending, not big purchases. But in reality, it was “the greatest pinpoint to make a home purchase,” says Jarrod Armstrong, salesperson at real estate agency The Armstrong Team. Armstrong bought a home in the GTA during that time, against the advice of everyone. But the price was right, he says.
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