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First Time Buyer Home Benefits & Tax Credits

Wednesday Nov 07th, 2018

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There are few things in life as exciting as purchasing your first house or condo. That said, even the most financially-prepared buyer can be surprised by the costs associated with buying a home. Fortunately, the Canadian and Ontario governments offer financial help for purchasers who are new to the process. If you’re about to embark on your first house or condo hunt, here are three first time home buyer benefits you should know about. 1) FIRST TIME HOME BUYERS’ LAND... [read more]

May 2018 Market Stats

Monday Jun 04th, 2018

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The Toronto Real Estate Board has reported a 22-per-cent drop in the number of homes sold in GTA in May 2018 compared to May 2017 and a 26-per-cent decline in new listings of homes for sale, both statistic suggestive that consumers are still on the sidelines waiting for evidence of recovery in the GTA market. The decline in listings is helping keep prices stable with the average selling price rising 1.1 per cent in May compared to April on a seasonally adjusted basis. Compared to May... [read more]

January 2018 Market Stats

Wednesday Feb 07th, 2018

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January 2018’s Toronto housing market is reflecting the measures taken by various levels of government to cool escalating home prices and consumer debt. At this time last year, we were in the midst of a housing price spike driven by exceptionally low inventory, which should be recognized when making comparisons to January 2017. However, prices for January 2018 showing a more modest growth consistent with the last half of 2017 coupled with an increase in inventory, may be a hopeful sign... [read more]

December 2017 Market Stats

Monday Jan 08th, 2018

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92,394 home sales were reported through the TREB MLS in 2017. Annual home sales were down 18.3% from a record-setting 2016, but the average price climbed up 12.7% compared with 2016. While sales have fallen for seven months since May, the GTA has seen signs of recovery in the past few months, with sales in December having the smallest monthly decline since the introduction of the 15% foreign home-buyer tax and the Ontario Fair Housing Plan in April. The jpeg below visually interprets the... [read more]

November 2017 Market Stats

Wednesday Dec 06th, 2017

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November 2017 has provided us with another interesting set of stats for the Toronto Real Estate Board MLS.  Most notable is the average selling price for all home types in the GTA down 2 per cent compared to a year ago. However, as price increases in November 2016 were at an anomalous 22.7% over the previous year, a 2% drop suggests only the slightest of adjustment in the direction of affordability.   [read more]

Pricing Mistakes You Need To Avoid When Selling Your Home

Friday Sep 01st, 2017

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Real Estate Pricing Mistakes You Need To Avoid  Selling your home can be difficult, but it does not have to be. Avoiding common mistakes can make it relatively easy. If your home is priced above market value, it does not matter if you hire the best local real estate agent with the spectacular marketing plan, it will not sell! Getting the price right is the major marketing piece to selling your home. Listing your home at the correct price will almost guarantee a quick offer especially in... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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