Archive | Uncategorized

29 March 2022 ~ 0 Comments

Interest rates are rising. What does this mean to mortgage payments?

Setting aside what Buyers can qualify for in an environment of rising interest rates, let’s take a quick look at what affect interest rates have on payments when they rise. Two months ago buyers with locked in rates that were looking to purchase now, had some very attractive rates to choose from. Setting aside variable […]

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29 March 2022 ~ 0 Comments

The real estate market is showing signs of slowing down. Is it temporary?

A recent statistic I read equated that 50% of houses listed with an offer date, a strategy used to create a multiple offer scenario, had either terminated or re-listed at a higher price.  This is a huge shift in market sentiment from the fall of 2021 till early March 2022, where the number was in […]

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29 March 2022 ~ 0 Comments

Population growth and what does this mean for Toronto real estate prices?

ReMax Canada recently came out with their quarter century report where they noted house values have increased 453% over the past 25 years. Annualized, this works out to somewhere around 7% which is wonderful news (or maybe not?) for those who already own a property. For those who have yet to purchase a home, do […]

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16 February 2022 ~ 0 Comments

Renovation costs have increased drastically, and pre con construction has hit a new stratosphere

It seems of late that everything has become more expensive. Yes, inflation is running at levels not seen in decades and most likely is worse than our government is telling us. Many of us have come to accept that due to covid ravishing our economies over the past few years, things are not going anywhere […]

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15 February 2022 ~ 0 Comments

City Council gives green light to garden suites, growing housing options in Toronto

The city of Toronto recently passed legislation making garden suites throughout the city permittable. This is good news for anyone who was hoping to add a secondary dwelling on their property, but didn’t qualify under the more stringent requirements that are permitted under the laneway housing option. Apparently this makes 90% of properties in Toronto eligible […]

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05 December 2021 ~ 0 Comments

November Stats (warning, I rant a bit more than usual this month)

The average selling price for all home types (this includes condominiums) was $1,163,323. At first glance, the average is only up $12,000 from October 2021’s average, and seems reasonable. Since August 2021 average prices have increased closer to $93,000 and that’s only in four months time!  The increase also comes at a time in the […]

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04 December 2021 ~ 0 Comments

I get asked this question often enough

One question I get asked once or twice a year is, ‘I’m thinking of becoming a real estate broker’. My response often differs but one main thread I reply with is, “why’s that?” Now let me get out ahead of this by saying, anyone who has ever asked me this question, I’ve given my honest reply […]

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03 December 2021 ~ 0 Comments

People are drowning in information, yet starving for knowledge

A business and marketing program I’ve been involved with for many years, who are leaders in the area of real estate trends and data, have armed me with many great little gems over my thirteen years being part of their group.  Six years ago in Carlsbad California, while attending an exclusive mastermind made of up […]

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09 November 2021 ~ 0 Comments

The trend towards dwindling supply continues

Octobers numbers are in and the trend of lower supply is leading the story once again. New listings across the GTA were down 34.1% from last year. Active listings saw an even larger drop with 55.2% less property for sale. If you are tired of hearing about how low supply is the major cause for […]

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08 November 2021 ~ 0 Comments

When will Buyers get a break?

The Federal Liberal government has been touting for years that they would be the ones to bring housing affordability to Canadians, not only across the country, but also in major cities.  The national housing strategy over the past four years has been a huge failure and house prices have escalated beyond the reach of even […]

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