Buying Frenzy Ahead Of New Mortgage Rules

Prices_Freehold_Nov_2017

The divergent pattern between freehold and condominium properties that began in the spring has persisted since then and seems likely to continue into next year. Accordingly, I will continue to report price trends separately for these two categories, as they tell two completely different stories about the market. The freehold market (mainly detached homes) underwent… Read More

I Want To Sell My Home – How Much Work Should I Do?

Getting Your Home Ready to Sell

You’ve started looking for a new house, and you’ve seen a couple that you like. Your present house has served you well, but the last major renovations were done almost 20 years ago. How much work should you do to get the house ready to put on the market as soon as you buy the… Read More

Is Now The Right Time For A Kitchen Renovation?

It’s totally normal for those kitchen renovation pangs to go crazy during the holidays. If you’ve spent time at a friend or family member’s house that has a freshly updated kitchen, you may be feeling a little envious. If you hosted over the holidays, your kitchen’s shortcomings may be top of mind. But is this… Read More

Toronto Market Remains Strong in October

Prices_Freehold_October_2017

The fall market continued to be very healthy in October, with sales of all property types up by 12% over September while prices remained steady. The relative strength of the condominium apartment sector relative to freehold properties continued last month: condo prices were slightly higher than in September and about 20% higher than last year,… Read More

Will New Mortgage Rules Disrupt the Market?

Last October, the federal government introduced mortgage rules that required anyone needing mortgage insurance (less than 20% down payment) to pass a ‘stress test’ to prove that they could afford the payments if mortgage rates were to increase. The Bank of Canada’s posted rate, approximately 2% higher than the rates actually available, was chosen as… Read More

Why You Should Use an Expert to Navigate the Home Buying Process

Moving with Young Children

In a growing atmosphere of the do-it-yourself mentality, some wonder if they should take on the homebuying process on their own. It’s certainly been done but, more often than not, homebuyers turn to the experts when it comes time to making what will often be their most expensive purchase. Here are just a few reasons why it’s a… Read More

Worst Time Of The Year May Be The Best for Buyers

Home For Sale in Winter

Why is the worst time of the year, often the best time for real estate buyers? The holiday season and the following “worst weather” months are widely considered the worst time of the year for selling or buying real estate. In reality, these distraction-packed months – November to February – carry benefits for determined buyers…. Read More

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