Archive | Houses

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airbnb takes a blow to the chin

As the calendar year winds down our real estate market typically goes into a slight slumber as the holiday season approaches and we all grapple with our stuffed bellies and potential New Year’s eve hangover. Fun times for sure. But this past week saw two major announcements that should have a huge impact on Toronto’s […]

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Toronto’s real estate market continues to be strong

The month of September brings the unofficial start to Toronto’s fall real estate market. Once labour day passes and the last of our summer long weekend plans are behind us, a new school year kicks off, and so often does our housing sales. Depending on when the holiday Monday falls (this year it was early, […]

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It was a busy July for Toronto real estate sales

It wasn’t your typical month of July when it came to housing sales activity. Year-over-year activity was up a staggering 24.3% from July 2018, and even up 5% over June’s sales. Now that has happened in at least the past 10 years, probably even longer, as I got tired of looking and stopped at the […]

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Market conditions continue to favour sellers

Toronto’s housing has rebounded strongly in May 2019, with sales activity only marginally off from the month of May’s 10-year average. Prices on average are up 3.6%, which is much better than what you are seeing in the stock market. In comparison to May 2018, with sales then at a 15-year low, sales activity is […]

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Is the mortgage stress test making it worse for buyers in Toronto? Absolutely!

If you are someone considering entering the real estate market in Toronto as a first-time buyer, it’s completely understandable if you feel like you are being screwed over. You are, and let me explain why and how. Toronto (and Vancouver) housing have much been talked about ad nauseam, both on how fragile and how expensive […]

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How To Invest in Real Estate the Right Way.

It’s of no secret to anyone that knows me, that I am a huge fan and advocate for investing in real estate as a future wealth builder. My very first investment property was a joint venture with four friends, all of us chipping in a modest amount equally to cover enough for a 10% down […]

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TREB still arguing “OFSI Stress Test” impacting market

As we head into the normally crazy active spring market in Toronto, the Toronto Real Estate Board recently sent out notice to its members through its April Market stats newsletter, giving perspective to why sales activity is down about one percent from March 2018. “The OSFI stress test continues to impact home buyers’ ability to […]

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Sellers, Who exactly is preparing the market evaluation on your Home?

A few days ago I was in discussion with a cooperating agent on a property listing I have for sale. I was answering for him a few questions about the property that weren’t noted on the MLS listing, but were important to his client in nature. After the questions were answered our conversation turned to […]

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TREB releases February numbers and

Today the Toronto Real Estate Board released its sales figures for the month of February and as I’ve written about over these past six weeks, it’s been busy. And this month is no exception. Prices are edging up for both houses and condominiums where demand continues to be strong throughout the city. Inventory levels continue […]

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Buying or Selling soon? This is a must read.

2018 is on pace to go down as the lowest amount of property sale transactions (annual total) since the recession year of 2008. What does this mean? Year-to-date we have had a total of 53,634 sales through the Toronto Real Estate Boards MLS system. If the final 4 months of 2018 match the final 4 […]

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