Archive | Home Ownership

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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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The Spring Market is here! Or is it?

Often real estate salespeople are asked, when is the best time to put your home up for sale? Well, Springtime (March thru May, and sometimes June) on the east coast has traditionally been the most active time for sales. Ideally, there would be busloads of qualified, motivated buyers coming out of winters hibernation anxious to […]

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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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Two Big Changes Geared Towards Real Estate

The Ontario government recently passed changes to the Ontario Consumers Act which strengthens consumers with regard to large purchases made. Two of the changes have affect on the real estate industry, and are long overdue and more than welcomed in my opinion. One change is to how “multiple representation” is handled in a real estate […]

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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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OSFI Unveils New Stress-Test Rules

The much talked about “Stress-Test” rules talked about over the summer by OSFI have been made official, and will take effect January 1st, 2018. Many suspect this will have an almost immediate impact in the Toronto housing market which Government’s of all levels have been trying to cool with limited effect on fast increasing house […]

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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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Sales down 40% in July

To anyone who follows Toronto’s real estate market, it will come as no surprise that sales transactions are down when tracked over the comparable month of July’s sales last year. Down by a whopping 40% on the other hand, can lead one to wonder if Toronto’s sizzling hot real estate market is starting to crumble! […]

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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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