Changes Coming To The Mortgage Stress Test

The ‘stress test’ for mortgage qualification in Canada requires that homebuyers must qualify for a mortgage as if the mortgage interest rate were higher than the actual rate they will get. The idea is to determine that the applicant will be able to keep up with the payments if interest rates should rise.  That ‘higher… Read More

Toronto Market Continues to Accelerate

It’s beginning to look a lot like 2017. Three years ago we had an insane spring market, with house prices rocketing upward by 20% and then crashing back down to where they started. The entire process only took about five months from beginning to end. The bubble was driven primarily by extremely low inventory of… Read More

Spacious High Park Detached

Click here for photos, floor plans & more details Welcome to 280 Keele Street, a spacious three storey home in Toronto’s trendy Junction neighbourhood. This generous property would make a wonderful single-family home, and could also easily be turned into a three-unit residence. Step into the grand foyer, which boasts beautiful, original wood trim and… Read More

Mortgage Rates Are Falling, But This May Not Affect Prices

Largely because of the Novel Coronavirus and the resultant ‘flight to safety’ among investors, Government of Canada bond prices are being bid up, and this means that the corresponding interest rates are falling (bond prices and interest rates move in opposite directions). The major banks’ fixed mortgage rates are tied to these bond rates, and… Read More

Airbnb Bylaw Is Now In Effect in Toronto

Early in 2018, the City of Toronto approved the regulation of short-term rentals in Toronto. However, the resulting zoning bylaw amendments were immediately appealed to the Local Planning Appeal Tribunal (LPAT). Almost 2 years later, on November 18, 2019, the LPAT issued a ruling dismissing the appeal and upholding the bylaw amendments. The new bylaw… Read More

Strong December Bodes Well For Toronto Homes In 2020

The breakout trend for Toronto area freehold properties continued in December. Prices were a stunning 11% higher than last December and sales were 25% higher. Even more surprising, prices in December were actually higher than in November, which almost never happens. Despite the relative weakness in the first 8 months of 2019, total year sales… Read More

Coming Soon – Islington Village Townhome

Click here to view details including floor plans Welcome to 130 Resurrection Road, a spacious three bedroom townhome in an ideal location close to subway & GO stations, great schools, parks, and with easy access to major highways, airport and downtown. This home a very functional layout, including: • An open plan living/dining/kitchen area with… Read More