Archive | Toronto

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Sellers – Do you know that you need to sell your home three times?

If you are one of the lucky few who are selling a property these days, be prepared for the potential for some hiccups along the way until closing day. Now before any anxiety starts to set in, I will note that almost always, hiccups can happen along the way between the day you have excitedly […]

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It’s sizzling hot in Toronto’s South Riverdale neighbourhood!

Multiple offers are back in full force in the downtown east side neighbourhood of south Riverdale. The freezing temperatures haven’t seemed to scare off hordes of buyers and their agents. At least that’s the case in the house price range between $839,000 – $1,200,000. Last week there were 5 sales with listed prices of $839,000-$999,000 […]

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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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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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Toronto’s East End Continues To Be On Fire!

Would you believe that with all of the talk of a cooling real estate market across the GTA, the average sale-to-list price ratios in Toronto’s East End last month, were above 100%? Sales-to-list price ratio reflects the asking price of a property, and what it’s sale price is. For example, if a property were listed […]

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Reminder. You must report the sale of your principal residence on your income tax return

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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What’s in store for Toronto’s Housing market in 2018

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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Toronto City Council says “raise the land transfer tax cost”

#AnotherObstacle It looks like Toronto City Council is at it again! Thinking that purchasers of real estate in Toronto’s neighbourhoods are flush with cash, they look to make sweeping changes to the Toronto Land Transfer tax program. For anyone who has purchased a property in Toronto since February 1st, 2008, you are well aware of […]

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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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