Archive | Low interest rates

18 July 2018 ~ 0 Comments

Why is the condo market so hot?

Across Toronto if you have been a buyer or investor looking for a condo in 2018, you surely have noticed that the condo market has been on fire. Multiple offers sometimes hitting double digits in quantity, properties being sold within hours of hitting the market, and even some of the ugly duckling units being snapped […]

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18 July 2018 ~ 0 Comments

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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17 February 2018 ~ 0 Comments

Really…the real estate market is slowing down?

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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18 September 2017 ~ 0 Comments

Stress Test on all Mortgages could soon be coming!

A rule already in place for insured mortgage borrowers (those that purchase with typically less than 20% as a down payment) could soon be coming to all mortgage borrowers. The Office of the Superintendent of Financial Institutions (OSFI) is contemplating brining in changes that will make it mandatory that all mortgage borrowers go through a “Stress […]

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18 May 2017 ~ 0 Comments

What are Rental Rates Like in Toronto?

With all the talk of the heated real estate market we are starting to hear more and more about the options of renting a home or condo, instead of owning one. With Canadian Home ownership rates around 66.50% roughly two-thirds of Canadians are Homeowners. My thoughts about renting for those who have the option of […]

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16 March 2017 ~ 0 Comments

Do we really have a housing shortage?

Almost everyone knows the Toronto real estate market has gone mad as of late, although many would like to have you believe for the most part; that all is okay and the madness is justified. Governments manipulate interest rates to mask affordability. Banks either prop up or speak down housing depending on how it currently […]

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16 May 2014 ~ 0 Comments

City of Toronto’s Home Energy Loan Program Kicks Off

The City of Toronto has launched a new pilot program that provides low interest loans to homeowners who are interested in making their homes more energy efficient. The program is called HELP – Home Energy Loan Program. For many people, the high upfront costs of doing energy improvements, such as installing new windows or a new energy efficient furnace, can make it difficult for them […]

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