Is Your Basement Apartment Legal?

Is Your Basement Apartment Legal

There are thousands of basement apartments in Toronto, and the vast majority of them are NOT legal. There is a lot of confusion as to what it means for a basement apartment to be legal, and what is required to make it so. If you are thinking about buying a house with an illegal basement… Read More

Renovating? Recoup Your Investment When You Sell

  Before you pour your savings into a new kitchen and a rainforest shower for the master, think about whether or not you’ll be able to recover your investment when it comes time to sell. If you have equity in your home, you can make improvements, but don’t go over the limit of what other… Read More

Toronto Area Market Takes A Breather

Prices_April_2017

After more than two years of steadily declining inventory, the total number of active listings in the Toronto area increased significantly last month, bringing the supply of homes for sale up from 0.7 months to 1.1 months, roughly in line with last April. While this is still very deep in sellers’ market territory, the increase… Read More

Will The Ontario Fair Housing Plan Slow The Toronto Market?

On April 20, the Ontario government announced a 16 point package of measures designed to “help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market”. Interestingly, if predictably, none of  these measures are designed to help or protect sellers or landlords. The key points are:… Read More