Archive | Condo Sales

19 April 2018 ~ 0 Comments

Reminder. You must report the sale of your principal residence on your income tax return

With tax season upon us, if you moved in the calendar year of 2017, you must report your sale on your 2017 tax return. The government refers to this change as an “administrative change” but what it really is, is a pain in the butt and another way for big brother to see if they […]

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13 April 2018 ~ 0 Comments

Buyer Beware. What the heck are the bank’s thinking?

I’m going to cut right to the chase and say that it seems these days, the bank and their appraisers are not your friend. If you are actively searching for a house or condo and working with a qualified Realtor™ (I’ll leave it up to you as a Buyer to do your due diligence on […]

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12 March 2018 ~ 1 Comment

In 10 Years Toronto Could Be a City of Renters

I recently attended a housing market forecast on the Toronto Real Estate Market put on by the Welbanks mortgage group in conjunction with Genworth Canada. Now I typically attend 2-3 of these type of information sessions annually but this was the first where I could recall the statement being said that, “Toronto could become a […]

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11 January 2018 ~ 0 Comments

What’s in store for Toronto’s Housing market in 2018

Well for starters, it must be said that we are living through interesting times in that with all of the changes brought into play over the past three years to cool the GTA’s hot housing market, changes which many forecasted would knock the sails out of sales (I couldn’t resist), we are still witnessing an […]

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14 November 2017 ~ 0 Comments

Market Update: Good, Bad and some Ugly

With annual average price gains up 8.25% in October 2017 over the same month last year, the 416 area of Toronto continues to be on fire with healthy increases in value. But if we dig down and take a closer look into the numbers, a different story starts to appear. Detached values are actually off […]

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17 October 2017 ~ 0 Comments

A more balanced market ahead?

With the month of September behind us and looking at the statistics provided by the Toronto Real Estate Board, the overall market looks to be heading into a more balanced territory. September’s Sales-to-New Listings ratio was similar to those of May, June and July, which were all off from the torrid pace set at the […]

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18 September 2017 ~ 0 Comments

Stress Test on all Mortgages could soon be coming!

A rule already in place for insured mortgage borrowers (those that purchase with typically less than 20% as a down payment) could soon be coming to all mortgage borrowers. The Office of the Superintendent of Financial Institutions (OSFI) is contemplating brining in changes that will make it mandatory that all mortgage borrowers go through a “Stress […]

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22 June 2017 ~ 0 Comments

What The Heck Happened to Toronto’s Hot Real Estate Market?

You may have heard that in the month of May, sales activity across the GTA was down. This is true. When compared to year-over-year sales comparisons in which the Toronto Real Estate Board utilizes, sales are down a staggering 20% from those recorded in May 2016. Wait! Wasn’t May 2016 the busiest year ever for […]

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18 May 2017 ~ 0 Comments

What are Rental Rates Like in Toronto?

With all the talk of the heated real estate market we are starting to hear more and more about the options of renting a home or condo, instead of owning one. With Canadian Home ownership rates around 66.50% roughly two-thirds of Canadians are Homeowners. My thoughts about renting for those who have the option of […]

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26 April 2017 ~ 0 Comments

Are your tenants costing you money?

With all the talk of late of the government’s recent request to change the provincial rent control laws to include buildings built after 1991 to the existing cap program*, it has some wondering what the outcome of the rental market in Toronto and its impact might be? A few months back there were a few […]

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