Suzanne & Kevin
While I could (and probably should one day) write a whole ‘real estate mythbusters’ post that debunks a bunch of the biggest misconceptions out there about this industry, I’d be remiss if I didn’t immediately devote an entire space to one which continues to make me sigh time and time again: That’s right, the whole […]
Spring is around the corner, which means many of you are likely preparing to list your home for sale. To that end, I’m certain you don’t just want to get the highest price possible, but in the shortest amount of time, too. And without the headache!! After all, your home has probably been the most […]
The residential resale market in the rst month of 2018 is, in a phrase, a tale of two markets. Actually, that is not entirely true. It is a tale of many markets, a fractured landscape that varies by housing type, and, importantly, by location. The overall data for the greater Toronto area indicates that compared […]
We move into 2018 saddled by a number of market factors that make predictions more difficult than they already are for any year in real estate. 2017 was, without doubt, one of the most remarkable years in the history of the Toronto residential real estate market. The year began in the most frenzied fashion possible. […]
As the old proverb goes, timing is everything. That often rings true in life, business and personal relationships, as well as everything in-between. It also has great meaning in real estate, especially when we’re talking about buying and selling. Without a doubt, picking the right time to buy or sell your home — be it […]
November finished strong but in a fractured fashion. To use a cliché, not all markets were equal in November. The City of Toronto (area code 416) continues to strengthen, following the market declines after the province’s announcement of the Ontario Fair Market Plan and in particular a 15 percent tax imposed on foreign buyers in […]
The Toronto residential resale market returned to form in October. It returned to where it should have been before the frenzy set in at the beginning of this year and buyers began competing for properties indiscrimately and paying unreasonable prices. Price increases of 30 percent on a year-over-year basis are simply unsustainable. Even without the […]
On April 20th, the provincial government introduced the Ontario Fair Housing Plan. It is an omnibus package of measures with the stated intent to “help more people find affordable homes, protect buyers and renters and bring stability to the real estate market.” Two questions emerge: will it work, and what will be the impact on […]
In October the Federal Finance Minister implemented new “stress testing” for buyers looking for high ratio loans. A buyer seeking a high ratio loan normally has less than 20 percent of the purchase of the property. The new “stress testing” rules require borrowers to be qualified at banks’ posted rates, and not the discounted rates, […]
The Toronto residential resale market continues to strengthen as we move into the spring buying and selling season. Month after month the greater Toronto market reaches new milestones. All home types, including condominium apartments, saw both price growth and growth in the volume of properties sold. In April 11,303 properties were reported sold in the […]
