Archive | Home Ownership

24 April 2017 ~ 0 Comments

What should we expect with the Liberal governments housing plan?

The provincial government has announced a 16 point plan intended to improve housing affordability, including a Non-Resident Speculations Tax, and a commitment to review the Real Estate and Business Brokers Act, 2002. So what should we expect the impact will be on our current hot housing market? I don’t see much of anything changing with regards […]

Continue Reading

16 January 2017 ~ 0 Comments

Toronto City Council says “raise the land transfer tax cost”

#AnotherObstacle It looks like Toronto City Council is at it again! Thinking that purchasers of real estate in Toronto’s neighbourhoods are flush with cash, they look to make sweeping changes to the Toronto Land Transfer tax program. For anyone who has purchased a property in Toronto since February 1st, 2008, you are well aware of […]

Continue Reading

17 June 2016 ~ 0 Comments

When Will Toronto’s Market Cool Off?

With so many headlines about the crazy hot real estate markets happening in Vancouver and Toronto, It’s easy to get caught up in the momentum of the conflicting theories that deluge us on an almost daily basis. For starters, let’s look at the Vancouver conversation and how it’s becoming incredibly impossible for locals to own […]

Continue Reading

21 February 2016 ~ 0 Comments

First-time Buyer Home Is a Condo… And This Can Be Smart Financially!

Over the past 6-7 years, I have been sharing with clients that the first-time buyer “home” is now a condo (and no longer a house). The Toronto Real Estate Board (TREB) in its first ever year-in-review which recently came out, confirms this. Why is this important? For starters, it helps set realistic expectations when discussing […]

Continue Reading

15 January 2016 ~ 0 Comments

Are We to Expect Another Active Year in Toronto Real Estate Sales and Prices?

With winter now in full force across our city and the start of a new year behind us, those of you thinking about making a move or adding an investment property in 2016 might be wondering: what will be in store for the real estate market in Toronto? Let’s start with a brief recap of […]

Continue Reading

21 November 2015 ~ 0 Comments

Understanding the Status Certificate When Buying a Condo

In Toronto when you make a purchase on a condominium, there should (almost) always be a condition in your offer on the ‘review of an up to date status certificate and accompanying documents’. Why is this so important? There are way too many reasons to cover in this blog post, so I will highlight the […]

Continue Reading

19 August 2015 ~ 0 Comments

7 Reasons Why Toronto Average Sale Prices are $1 Million Dollars

The Canada Housing and Mortgage Company (CMHC) recently came out with high-risk warnings for detached house prices in Toronto. With the price of a detached house hovering around the One Million Dollar threshold, this warning seems to be plausible, especially in a city where some buyers can be seen with ‘crazy eyes’ like facial features […]

Continue Reading