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

The Offer: There’s More To It Than Just The Price

Fixating on price in real estate may cost you the deal: Sellers who decide that a specific dollar figure will buy their home and won’t budge from that bottom line may sell themselves short. Buyers who drop out of a transaction for a property they love because the seller’s counter-offer shocks them may be quitting… Read More

Untangling the New Mortgage Rules

The Federal Government has made two recent changes to the eligibility rules for government-backed insured mortgages: Effective October 17, all borrowers seeking high ratio (less than 20% down payment) mortgages must qualify based upon the Bank of Canada’s five year fixed posted rate (also known as the ‘Mortgage Qualification Rate’ or MQR). Presently the MQR… Read More

Tree Wins Ontario Court Decision

Big Tree

Backyard disputes over property boundaries and trees growing on or near those boundaries are not uncommon. In what’s being called a “landmark decision” by the winning lawyer, an Ontario court has ruled that trees with trunks that grow across private property lines cannot be cut down without the consent of both landowners. “This ruling prevents… Read More

Finding an affluent neighbourhood to live.

21-larkin-1_c

Are you someone who wants to be steps to entertainment and fine dining, or are you an art lover? Well, Bloor West Village has its very own shopping district offering both residents and visitors a diverse selection of specialty clothing stores to exquisite restaurants and cafes. This community has it all! If you’re interested in… Read More

Will New Mortgage Rules Slow The Toronto Market?

As of October 17, new mortgage qualification rules will come into effect. These new rules will make it more difficult for many homebuyers to qualify for a mortgage by requiring all insured mortgages to be underwritten based on the Bank of Canada’s Mortgage Qualifying Rate (MQR). The MQR was introduced in 2010 in response to… Read More

How’s Your Sense of Design?

Home Design

Design is all around us. In our homes, everything from structural elements like roofs and room layout to hardware for doors and sinks is designed. Some argue that the best design is invisible. Bad design calls attention to itself and may frustrate or injure users. When you walk through your house, condominium, or cottage, can… Read More

Making Moving Simple and Organized: It Can be Done!

Happy family moving into their new home

For many people moving is one big headache and ranks as high on our list of fun as getting a tooth pulled without Novocain. Yet when you’re buying and selling real estate, whether it’s your primary residence or an investment property, moving is part of the job. Decorator Kathryn Bechen has moved 11 times in her… Read More

Essential 2016 Home Buying Skills

Buying real estate is one of the most complex undertakings of your life. Success is much easier to live with than failure, so decide from the start what “success” means to you in terms of purchasing real estate. Then, be prepared to learn everything necessary to achieve it. Savvy buyers take two approaches when preparing… Read More

Get Your Outdoor Living Area Ready For Summer

Deck Furniture

As with the inside of your home, outdoor living areas need attention and care to keep them looking their best. While you may not need to dust or vacuum your deck and furniture, there are a few maintenance chores that will get the warm-weather living off to a good start. Preparing Your Deck Before you… Read More