Toronto real estate market news & info
Deciding to list your home for sale is a momentous time. It means you will be moving on to a new stage of life, no matter if you’re moving up or sizing down. Take a moment to look over these tips for what every seller should do before they put their home on the market…. Read More
The Toronto area market has been unusually hot during the first 2 1/2 months of this year, due to a combination of low inventory of homes for sale combined with continued very low mortgage interest rates. In February, prices were 11% higher than at the same time in 2011, and so far in March, while… Read More
Is there a bigger wealth destroyer than selling and buying houses? The transaction costs will kill you every time. “You are depleting your wealth with every move,” says Vince Gaetano, a principal at Monster Mortgage. Just to be clear, we are not talking about people who fix homes themselves, live in them and then flip… Read More
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
Canada’s rate of homeownership is expected to increase and the future for condominiums looks bright according to an updated analysis of future Canadian housing demand. By 2036, there will be more one-person households in Canada than any other category, due to the aging of the baby boomer generation. But the country is counting on immigration… Read More
Depending on the location, whether you’re shopping for a new home or trying to sell your current residence, one of the biggest challenges is trying to reduce street noise. Tony Sola, founder of Acoustics.com cautions homeowners and buyers about too high expectations when it comes to reducing traffic noise. “Too many times I have seen… Read More
For many people, their first experience with local politics is when someone on their street wants to make a change to their house, or even knock it down and rebuild and so they need a zoning change which is called a minor variance. They may want to build two semi-detached homes or a triplex where… Read More
Toronto homes built before the 1960′s generally had their downspouts connected to the sewer system. That may have been a good idea at the time, but now it’s become a major problem. As the city has grown, the capacity of the sewer system has become seriously strained, especially since much of the city has combined… Read More
Our real estate market continues to over perform relative to the rest of the world and, over the past several months, we have been bombarded with predictions about the future of house prices for Canada in general and Toronto in particular. The range of these predictions is really quite staggering, considering that they are all… Read More
Canada’s mortgage interest rates have been near historically low levels for years, and because of current global economic conditions, rates are not expected to rise significantly until 2013. If you’re shopping for a mortgage, that’s great news. But an extended period of low interest rates is taking its toll on the economy. Bank of Canada… Read More
|
