Trending This Week: Floating Homes, Canada Rent Crisis, Prince Harry And Meghan Markle’s New Home

Prince Harry and Meghan Markle are moving on up. (Photo courtesy of Recent Magazine via Flickr)

Toronto

You Can Buy This Unique And Lavish 2-Storey Floating Home In Toronto For $1,275,000 (Toronto Storeys)

While there are defining features of floating homes that set them apart from houseboats (float homes have cement bases, while they don’t have motors to propel them on water), the features of this home also set it up from any detached property.

Sellers aren’t panicking in Toronto’s weakened housing market (Toronto Star)

Even with transactions at their lowest level since the 2009 recession, sellers in Canada’s largest city have avoided listing their homes en masse in what could be a sign of confidence the market will come back. According to data released Tuesday by the Canadian Real Estate Association, new listings in Toronto fell 8.6 per cent in April from a month earlier and are down nearly 30 per cent from a year ago.

5 Fun (And Free And Unique) Things To Do In Toronto Victoria Day Long Weekend (Toronto Storeys)

Victoria Day long weekend officially falls in spring, but we all know it’s also really the official launch to summer. So let’s start your summer off right with these five things. Don’t worry. We made sure to cover what’s fun, what’s free and what’s unique.

Victoria Day In Toronto: What’s Open, What’s Closed, And Things You Can Do (Toronto Storeys)

So we’ve given you a list of things to do this Victoria Day long weekend in Toronto. But we also want to make sure you don’t waste your time going anywhere that is closed. And of course, we want to make sure you know what is open, as well.

Want Free Weekly Toronto Market Insights? Sign-Up To Toronto Storeys’ Newsletter Now (Toronto Storeys)

Toronto Storeys is excited to announce its all-new, exclusive weekly market insights, powered by Zoocasa — available only to our newsletter subscribers.

Now you can stay up-to-date with some of the latest inside information. Don’t want to miss out? Sign up now — for free.

Canada

Regulations Add $229,000 To Cost Of Homes In Canada’s Hottest Markets: Study (Huffington Post)

Buyers in Canada’s most overheated real estate markets paid an average of $229,000 extra per home between 2007 and 2016. A new study says this is due to regulations making it difficult for builders to construct more single-family houses.

1.7 Million Canadians Pay Too Much For Rent: ‘Crisis Level’ [Report] (Toronto Storeys)

Housing affordability is a hot-button topic — especially this past year. But this topic can also overshadow one of its by-products: rental affordability.

As more and more people are pushed out of the home-buying market, more and more people have to turn to renting. And while rental affordability is receiving greater attention lately, the situation is still dire.

ANALYSIS: Still waiting for the Bank of Canada’s promised real estate rebound: Don Pittis (CBC News)

Only last month, Bank of Canada governor Stephen Poloz and his senior deputy, Carolyn Wilkins, said the decline in sales activity in the first three months of the year (referred to as the first quarter, or Q1) would be temporary.

United States

Dear Carrie Underwood, Here Are 6 Nashville Homes With the Safety and Security You Need (Realtor.ca)

Country music superstar Carrie Underwood and her husband, recently retired NHL star Mike Fisher, are looking for a new home. Their current residence has some bad mojo. There was Underwood’s well-publicized tumble down the stairs, which left her with nearly 50 stitches in her face and a broken wrist.

US Federal Reserve Indicators Show Canadian Real Estate Buyers Still “Exuberant” (Better Dwelling)

Canadians are still overly enthusiastic about real estate prices. US Federal Reserve Bank of Dallas (AKA the Dallas Fed) show buyers actually became more irrational in the prices paid in the fourth quarter of 2017. Analysts from the reserve bank warn prices are still overheated across the country.

What Limits Can Your Landlord Put on Gun Possession? (Real Estate News)

But in the case of private property, the decision to keep firearms on the premises may not be up to you. For tenants in apartments or rental homes, depending on the state you live in, your landlord may have the ability to restrict gun ownership.

International

Black Home Buyers Denied Mortgages More Than Twice As Often As Whites, Report Finds (Forbes)

Black and Hispanic homebuyers are significantly more likely to get turned down for a conventional mortgage loan, according to new data.

Prince Harry And Meghan Markle’s New Home Beats Prince William And Kate Middleton’s (Toronto Storeys)

In mere days Prince Harry and Meghan Markle will cross the threshold into wedded bliss. And another threshold is still to come: That of their new home.

The royal darlings are set to move into Kensington Palace’s Apartment 1, according to the Daily Mail.

Of course, that may not be the only residence for Prince Harry and Markle. There are also reports that Queen Elizabeth may gift them a country home at Sandringham. (Good luck beating that wedding gift.)

Global prime property prices in key cities dip slightly, forecast to soften further (Property Wire)

Residential prime property prices in key cities around the world increased by an average of 4.8% in the year to March 2018, led by Seoul and with Asia Pacific cities taking five of the top 10 rankings.

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