How Renovations Impact Your Home Insurance

Home Insurance Policy

Woody Allen once said: “There are worse things in life than death. Have you ever spent an evening with an insurance salesman?” But if you are planning a renovation to your home and don’t take the time to speak to your insurance broker, you could be making a big mistake. During and after a renovation,… Read More

What Problems Do Home Sellers Have To Disclose?

House Problems

When you’re in the process of buying a home, it can be very easy to get caught up in the esthetics of the structure — such as the marble countertops and hardwood floors. But elements such as foundations, wiring, plumbing, and heating and cooling systems are just as important, if not more so. So, if… Read More

Why You Should Be Investing in Rental Property

Owning a rental property has its benefits. The supplemental income can help offset your mortgage payments and with the growing trend for renting in and around Downtown Toronto, the demand is higher for rental suites. There are tax benefits too, you may be able to deduct from your tax expenses: mortgage interest property taxes insurance… Read More

50 Years of Real Estate Prices in Toronto

Toronto Prices 1996-2017

Back in 1966, the Vietnam War was raging, the Star Trek and Batman series aired for the first time on TV, and house prices in Toronto averaged just over $21,000. Over the next 50 years, house prices in the Greater Toronto Area (not adjusted for inflation) increased exponentially, by a factor of 40, and could… Read More

Toronto Market Explodes Out of the Gate in 2017

Prices_Jan_2017

The Toronto market is typically very quiet, almost sleepy, in the month of January. Not so this year. 2016 was exceptionally strong, with sales over the full year up 12% over 2015 and prices up more than 17%. This January, however, prices were up by a jaw-dropping 22% over the same month last year, and… Read More

Demographia Releases Worldwide Housing Affordability Report

House Values

Demographia recently released it’s 13th annual report on housing affordability in 406 metropolitan housing markets in nine countries: Australia, Canada, China (Hong Kong only), Ireland, Japan, New Zealand, Singapore, the United Kingdom and the United States. Demographia uses the following housing affordability ratings based on median house price divided by median household income: Affordable 3.0… Read More

Top Tips To Pay Down Your Mortgage Faster

With interest rates at an all-time low, many Canadians are taking advantage of the savings by refinancing their mortgages to consolidate debt, make home renovations, invest in real estate or other ventures, or moving up the property ladder. Here are some great ideas from Kerri Nelligan, a Home Financing Advisor at ScotiaBank, to take even… Read More

Toronto Real Estate Board Predicts Strong 2017 Market

TREB Logo

On January 31, 2016, the Toronto Real Estate Board published a report reviewing the  2016 Toronto area real estate market and forecasting the outlook for 2017. Highlights of the report include: There were 113,133 residential freehold and condo properties sold in the GTA in 2016. This was an all-time record, and it was 11.8% higher… Read More