As Canadians we are very lucky to have multiples of choices when it comes to getting a mortgage. Many of the questions I’m often asked, is where should I go for financing? The answer as you can imagine isn’t plain black or white. Variables such as employment type, credit risk, work experience, debt ratios and […]
The City of Toronto’s Vacant Home Tax (VHT) was created to improve the supply of housing in the city. Beginning in 2023, residential properties that are unoccupied for more than six months (cumulative) in a calendar year may be subject to the new tax, unless they meet one of the exemptions. What you Need to […]
This past years summary of what’s been happening in Toronto’s real estate market, consists of both never before seen highs, and lows that have been absent from our market in a very long time. We experienced a record high average sales price for detached homes back in February 2022 at a whopping $2,073,989! This was in the Toronto […]
I’m going to come right out and say it, that being a landlord in Ontario these days, can plain ole suck. Well, that is if you are one of the unlucky ones dealing with an uncooperative tenant. If you have heard the countless stories of small investors being screwed by a system meant to offer fairness […]
There’s been whispers of late that the new condo construction market is rising in risk and could topple in 2023, creating a Tsunami of sorts across the GTA. Many who don’t follow the real estate market on a daily basis might be shocked to hear that the high majority of new condo builds over the past […]
One thing that has been overlooked in Toronto and many parts of the GTA over the past decade or two, is that house values can rise and drop over time, with the hopes (and reality mostly) that when it was time for one to move, the property would have increased in value. This has held up […]
I often make note of the “herd mentality” that surrounds real estate buyers. Meaning, that the majority of buyers follow the general trends of the market, more than their individual needs. Unless of course, the move is purely lifestyle driven. What is lifestyle driven? Situations that come about in life that don’t or can’t wait for […]
With the August sales number across the GTA being released recently, one thing the Toronto Regional Real Estate Board fails to mention, is that 2022’s numbers are the lowest August on record dating back to 2002! Now most of you have bought one, two or even three properties during this 20 year time period, and probably […]
With the focus of back to school behind us, the fall real estate market unofficially returns. Cherishing the last few days of summer that lie ahead before the leaves start to change colour, many people looking to buy or sell, anxiously await what direction the Toronto real estate market is heading? Let’s take a look back […]
The Ontario Land Tribunal dismissed an appeal recently from a handful of Toronto neighbourhood associations, that were petitioning to have overturned the Garden Suite By-Law the City of Toronto had put in place earlier this year. The courts had temporarily put on hold the garden suites program brought in by the City of Toronto back on February 2nd, as […]