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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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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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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A few days ago the Toronto Real Estate Board posted it’s January sales numbers and surprise surprise, sales volume was down drastically year over year in comparison to January 2017. This came as no shock to me. For those who remember last January (and February and March) sales prices were defying logic and it didn’t […]

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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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In brief, 2017 saw an impressive 92,394 sales across the Toronto Real Estate Board which clocks in as the 4th best year ever re: sales volume. Average prices across the board rose as a whole to $822,681 (almost a 13% increase over 2016). Almost all of the growth was seen over the first 4 months […]

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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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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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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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Recently TREB did away with its reporting on weekly and mid month statistics, and they did so with very little explanation to it’s members. TREB’s official posted explanation on our member website was “These intra-month statistics are more susceptible to volatility, and are not necessarily reflective of the monthly and quarterly market activity TREB captures […]

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