Home » Addy Saeed (page 4)

Addy Saeed

Aftermath: Basement Flooding in Toronto

Basement Flooding in Toronto

Some time has passed since Toronto homes were awash by nearly 97mm of rain, yet many residents still struggle with what the storm left behind. Although an exact number has yet to be tallied, experts surmise that the insured losses from this storm could well exceed $600-million. If these predictions are accurate, this storm stands a contender against southwestern Ontario’s …

Read More »

The Canadian Housing Market, May 2013 Results

Investment in New Housing Breaking an upward trend, investments made in new housing developments fell short $90,300 in May, as opposed to the preceding 4-months on the rise. Dwellings considered in this report include: singles, doubles, rows, and apartments. Investments in single units suffered the largest loss in May, down $76,268. Luckily, a substantial jump was seen in rowhouse (+$15,479) …

Read More »

Spray Foam Insulation: a Haven for Termites in Toronto?

Spray foam trumps fiberglass in terms of energy efficiency and insulation, but experts may have found a new drawback to using spray foam in the home. Undoubtedly, the presence of termites in Toronto has grown, and for this reason, many insect specialists suggest that the popularity of spray-foam is at fault. Contractors commonly chose spray-foam insulation for new homes because: …

Read More »

BMO Report Reveals One-Fifth of First-Time Home Buyers Choose to Wait

One day before the anniversary of Jim Flaherty’s government-insured mortgage rule adjustment, the Bank of Montreal issued a report that illustrates the impact these changes have had on first-time home buyers in Canada over the past year. The new rules — first introduced July 9th, 2012 — reduced the maximum amortization period to 25 years and lowered how much Canadians …

Read More »

Honest Ed’s $100M Bargain Price-Tag

Since 1948, Honest Ed’s has been one of the city’s most cherished discount-retailers, selling an eclectic mix of goods at a fair price. It is a famous landmark for the Annex that attracts thousands of  people daily, making it a strong contributor to Bloor and Bathurst’s thriving commercial district. For this reason, Torontonians are distraught to hear that the retail …

Read More »

2013 Toronto Flood Recap

Although the effects of the 2013 Toronto flood were still not as devastating as the crisis in Calgary earlier this summer, it was still the most significant rainfall Toronto has ever endured — more so than 1954’s Hurricane Hazel. Within a matter of 2-3 hours, downtown Toronto received 97mm of rain; other regions outside of the downtown core, such as …

Read More »

Eight Utterly Obscure Homes from Around the World

We’ve wrangled a list of eight outrageous homes together that can be found around the world. This eclectic mix of photos should prove to be inspiring, should you find your current home a bit dull: Airplanes Benoit, Mississippi resident Joanne Ussery converted this 727 aircraft into her replacement house after a tragic ice storm rendered her homeless. For only $30,000, …

Read More »

2013 Q2 Real Estate Market Watch: “Tight” Conditions Ahead For Toronto

The International Monetary Fund has revised their projections from earlier this year, stating now that the Canadian economy may grow 1.7% by year’s end; an increase of two-tenths in light of a strong first quarter at 2.5%. Looking further ahead, the IMF also predicts that the economy will expand 2.2% in 2014, which is two-tenths below their initial forecast in …

Read More »

Clearing the Air: Kensington Market Walmart

RioCan‘s Senior Vice President of Planning and Development, Jordan Robins, has so-far encountered strong opposition from Toronto residents concerning the installation of a three-storey shopping centre at Bathurst and Nassau. In an attempt to breakdown local misconceptions about the proposed Kensington Market Walmart, Robins announced publicly the socio-economic influences the shopping centre could have, both positive and negative. According to …

Read More »

Proposal to Increase Toronto’s Condo Development Fees by 90%

Many home-buyers feel as if the proposal to increase Toronto’s condo development fee is absurd; some developers even believe doubling charges would be “insane”. Regardless of opinion, condo-buyers can expect permit values to rise to $23,000 for a two-bedroom — $12,400 above current rates — if Toronto’s executive committee adopts the proposal. Since Toronto’s condo development fees are the lowest …

Read More »