Archive | Housing Market

12 January 2017 ~ 0 Comments

First-time buyers get a tax break

Effective January 1, first-time home buyers will get a financial break on the purchase of their new home with a rebate that is double the previous amount, the provincial government announced recently. This is a huge saving for consumers and marks the culmination of advocacy efforts by the Ontario Real Estate Association (OREA) to help […]

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04 November 2016 ~ 0 Comments

High Rise Trumps Low Rise In Sales

Condo owners are rejoicing as the Toronto Real Estate Board released their monthly market statistics for October 2016 and condo sales activity (units sold) as well as sold prices saw healthy increases in Toronto proper. Sales of condos were up almost 20% from last year this time and prices went up a whopping 12.9%! The […]

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22 October 2016 ~ 0 Comments

The Real Estate Market Went Kaboom!

Everyone knows how hot the Toronto real estate market has been of late. But unless you’ve been trying to buy something in 2016, you don’t know how truly crazy of late it has become! Many of my buyer clients can relate to the fast-paced, multiple offer frenzy that has become the norm in most parts […]

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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 […]

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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 […]

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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 […]

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21 April 2015 ~ 0 Comments

Paying More Than The List Price versus Paying Above Market Value

It seems today in Toronto’s frenzied real estate market that Buyers have become ‘numb’ with the understanding that most houses, as well as some condos, will sell for above the listing price. Years ago I used to describe to clients of mine that the list price of a property was simply an “asking” price: a […]

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16 March 2015 ~ 0 Comments

Spring Market Strong as Sales Surge

The Spring market continues to show strong results as well priced new listings are being snapped up in days, and sometimes even hours! The confidence amongst buyers is high, as sales across all of the pockets I follow and work in are doing very well. Houses in the Toronto area continue to shine as well […]

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18 February 2015 ~ 0 Comments

HOT HOT HOT, to start off 2015!

2015 is off to a frantic pace in home sales and prices, which in my opinion were to be expected, as long as the winter weather played nice enough. If you recall last January and February we were buried deep in snow and this pushed back our market in sales a bit. This year in […]

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17 November 2014 ~ 0 Comments

Prices To Rise in 2015!

One of the most frustrating things for prospective buyers to hear is that house and condo prices are continuing to rise. We’ve become so accustomed to constant news about the lack of housing supply (with the exception on the new condo sale side) that buyers cringe, knowing this typically translates into bidding wars! Last week […]

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