‘Tis the Season…

Average Toronto Prices Mid November 2012

The Toronto area real estate market follows a very consistent seasonal pattern year after year: As “everyone knows”, spring is the strongest season for real estate sales, in terms of both the total number of homes sold and the average selling price for those homes. The spring season doesn’t start on March 21, however… it… Read More

Land Transfer Tax a Bad Idea According to C.D. Howe Institute

Land Transfer Tax a Bad Idea

Land transfer taxes are a bad idea that have a negative impact on both homeowners and the governments that enact them, says a new report by Benjamin Dachis, senior policy analyst for the C.D. Howe Institute. The tax measure reduces the number of homes that are sold, particularly in the lowest price ranges, and inhibits… Read More

Five Pitfalls That Keep Buyers From Finding The Right Home

Home Buyers

Buying a home is like searching for a mate. You’ll go on many first dates and in the end, the one that has most but maybe not all of the characteristics that you want, will win your heart. However, first-time buyers and sometimes even serial homebuyers are disappointed by how long the process takes. Yet… Read More

Toronto Area House Prices to Increase in 2013, But More Slowly

House Prices to Increase in 2013

The Toronto Real Estate Board’s Senior Manager of Market Analysis, Jason Mercer, recently published an overview of the Toronto area market and a projection as to what’s in store for 2013. Here are the highlights of the presentation: In terms of the broader economy, 2013 will look pretty much like 2012 – continued slow but… Read More

Teranet Says House Prices Dipped 0.4% from August to September

House Prices Uncertainty

Home prices dipped in September from August and year-over-year price gains slowed for a 10th straight month in another sign that Canada’s housing market is cooling, the Teranet-National Bank Composite House Price Index showed on Wednesday. The index, which measures price changes for repeat sales of single-family homes, showed overall prices fell 0.4 percent in… Read More

The Pros and Cons of Rent To Own

Rent Control Loophole

The changes to the mortgage rules announced by Finance Minister Jim Flaherty last July are making it more difficult for first time buyers to get approved for a mortgage. Other buyers may have good credit but not enough of a down payment. At the same time, landlords are looking for good tenants to rent their… Read More