Toronto Market Stabilizing

Prices_Freehold_Sept_2017

After an extreme roller coaster ride for the first 8 months of this year, Toronto area prices for freehold (non-condominium) properties seem to have stabilized. Prices shot up by more than 30% over 2016 in the spring, promptly gave back all of the increase over the summer months, and have exactly matched last year’s price… Read More

Changes Coming To Multiple Representation

New Rules

Real estate agents represent seller clients through Listing Agreements, and represent buyer clients through Buyer Representation Agreements. These contracts obligate real estate agents to: Always work in the best interests of the client; Protect the confidentiality of the client’s personal information; Disclose all information that could affect the client’s decisions; and Carry out the client’s… Read More

Oasis By The Lake. Entertainer’s Delight. Your Cottage At Home.

6 Chapel Road

Click here to view photos and more details Welcome to 6 Chapel Road, gem of a home nestled on a quiet street just steps from the lakefront. This 3 + bedroom family home with a garage, backyard, and pool is a peaceful retreat in the heart of sought-after Long Branch. A spacious front yard and… Read More

Toronto Market Leveling Off?

Prices_GTA_August_2017

Toronto area prices fell for the 4th month in a row, with average prices for all property types now about 3% ahead of last August. Prices for detached homes have now retraced all the way back to the 2016 level, while prices for condo apartments, surprisingly, remain more than 20% above last year. Affordability is… Read More

Toronto Market Slide Continues Into Summer Months

Prices_All_Property_Types_July_2017

Prices have been falling and inventory has been rising all across the GTA since the Ontario Government announced it’s 16 point “Fair Housing Plan” in April. July prices were down very significantly from the early spring peak, lower than last spring and fall, and only about 5% higher than last July.   Driving the fall… Read More

New Condo Buyers: Beware of HST and Capital Gains Tax

When a new condo is purchased,  HST of 13% must be paid, as only resale real estate is exempt from HST. In most cases, the builder includes the HST in the purchase price, so the buyer doesn’t have to come up with a huge cash payment to CRA in addition to their down payment. In… Read More

What You Should Know About Buying and Selling Real Estate If You’ve Been Out Of The Market For A Long Time

Photo for Downsizing Article

If you’ve owned your current home for many years, you may find that a lot has changed in the real estate world. Understanding what has changed can come in handy when you’re entering the market for the first time in a while. Here are a few of the key ways the real estate marketplace has… Read More

Toronto Market Continues To Adjust

Inventory_June_2017

The increase in inventory levels that began in April, pursuant to the Ontario government’s announcement of it’s 16 point “Fair Housing Plan” aimed at taming Toronto’s runaway price bubble, has continued in June. We now have 2 1/2 months’ supply of homes for sale, as compared with about 1/2 month’s supply in March. This approximate… Read More

Multiple Representation in Selling and Buying Homes

Real Estate Agent with Clients

When a home is sold, there are typically two real estate agents involved: one representing the seller (the ‘listing agent’) and one representing the buyer (the ‘buyer agent’). Another common situation is where one real estate agent represents both the buyer and seller, for example, when a buyer without an agent comes to an open… Read More

Toronto Market Becomes A Bit Less Hot

Prices_May_2017

After three months of constantly accelerating price increases, the Toronto market has finally slowed down a bit. Prices fell in May as compared with April for the first time in many years, though May prices were still 15% higher than the same month last year. The supply of homes for sale has also increased significantly,… Read More