Archive | Condo Sales

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Some Positive Housing Numbers in June

The Toronto Real Estate Board has released the month of June sales figures and at first glance, it’s pretty positive looking. Sales prices are up 2% over June 2017, and more importantly up 3.3% over May 2018. New listings tailed off slightly at 18% but overall inventory increased slightly. Sales activity and average prices were […]

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Toronto’s East End Continues To Be On Fire!

Would you believe that with all of the talk of a cooling real estate market across the GTA, the average sale-to-list price ratios in Toronto’s East End last month, were above 100%? Sales-to-list price ratio reflects the asking price of a property, and what it’s sale price is. For example, if a property were listed […]

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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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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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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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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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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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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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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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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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