Is Toronto Due for a Condo Market Correction?

Is Toronto Due for a Condo Market Correction?

A condominium-building boom is lifting Canada’s largest city into the same stratosphere as London, Sydney, Vancouver and Miami, but deepening the worries about a potential tumble. Buyers snapped up 1,986 condominiums in Toronto in July, up 28% from a year earlier, according to the Canadian Real Estate Association. Average prices have surged 8% to 9%… Read More

Irresistable Long Branch Bungalow

LR DR Panoramic

This spacious 2+1 bedroom bungalow is situated on a gorgeous 50 ft lot in popular Long Branch Village, just a short walk from lakefront parkland and the waterfront trail. There are hardwood floors through out the main floor, updated windows, and a walk-out from the master bedroom to a wood deck and large fenced back yard.  The… Read More

Strong Fall Market Ahead for Toronto Real Estate

Toronto Area Home Prices Mid August 2011

The latest data from the Toronto Real Estate Board show that Toronto area home prices and sales are continuing to track well ahead of last year. The average GTA price was $440,150 as of mid August, as compared with $412,186 for the same two weeks last year, and the inventory of homes for sale continues to… Read More

When Does The Seller Have To Move Out On Closing Day?

Moving Van

Most sellers and buyers are at least a bit confused about this question. The standard wording of the Purchase and Sale Agreement says that the Agreement “shall be completed by no later than 6:00 p.m. on the _____ day of ____________, 2011. Upon completion, vacant possession of the property shall be given to the buyer unless… Read More

RBC Expects Soft Landing for Canadian Real Estate Market

RBC Expects Soft Landing For Real Estate Market

RBC’s recently released housing forecast for Canada includes a number of interesting points about the Canadian housing market, both currently and moving forward: An increase in interest rates over the next two years will cool Canada’s resale market and slow down home price growth, but won’t cause either to decrease below current levels. Essentially, while… Read More

Older Condos Face Large Repair Bills

Older Condos Face Large Repair Bills

There are more than 7,000 condominium buildings in the GTA and some are more than 40 years old. By a conservative estimate, more than 25 per cent of these buildings are in trouble, meaning there is not enough money in the reserve fund to pay for necessary repairs. Click here to view the full article…. Read More

The Real Estate Market Could Get A Boost From Market Chaos

Real estate boost from market chaos

The upside in a global stock market rout may ironically be a healthier housing market – at least in the short term, say economists. “The housing market has nine lives. Every time interest rates are supposed to go down, something happens and it helps to keep the market going,” said Benjamin Tal, senior economist at… Read More

Mortgages: 7 Things You Don’t Want to Learn the Hard Way

Tips to Paying Down Your Mortgage Faster

Experience is a good teacher, but when it comes to mortgages — whether you’re arranging a new one or renewing — learning by experience can be expensive. The more you understand about mortgages and home equity lines of credit (HELOC) before you sign a mortgage contract, the more you can save in interest charges, lender… Read More

Grenadier Gardens, Super Swansea Location!

Front of Building

Spacious 2 bedroom suite with parking and locker and two huge balconies – only 2 units in the building have a second balcony. A well managed and well maintained building with great facilities, including an indoor pool, two exercise rooms, saunas, tennis court, party room and ample visitor parking. Walk to High Park, Grenadier Pond and… Read More

Top Five Mistakes Home Sellers Make

Five Top Mistakes Home Sellers Make

It can be a tough market for selling a home, but those conditions can get even worse if sellers aren’t careful. While a seller doesn’t control the real estate market, their actions can significantly contribute to how long and how much their home is sold for. Underestimating Cleaning Up: It may seem obvious, but I… Read More