Toronto real estate market news & info
Most top Realtors agree that taking your home off the market during the Christmas season is a mistake. There may be fewer buyers, but they are more serious, and because there is less competition, you may have a better chance of getting a good offer than during a busier season.
Moving is an overwhelming experience. It is difficult to say whether you are excited about the new place or melancholic about the one you are leaving behind. You are trying hard to handle all those jumbled up emotions, along with the stress of getting everything done on time. The last thing you need is the… Read More
The vacancy rate for rental apartments in Toronto is about 0.5%, average monthly rents are increasing at an accelerating pace, and the supply of new rental units is far behind the number of new renter households being created each year. Clearly the Toronto rental housing market is in a crisis. The causes of the problem… Read More
Seven years ago, the Competition Bureau challenged the Toronto Real Estate Board (TREB) policy of preventing member brokerages from making information on selling prices available online. TREB’s position was based upon privacy: many sellers do not wish the selling price of their home to be easily searchable online and, in fact, the Real Estate Council… Read More
No matter how intensely you prepare for moving day, you may still face problems if you overlook three sanity-defeating challenges. Can you and your partner really think clearly when swamped by distractions, exhaustion, and disorientation? If the ramped-up activity of moving day represents less pressure than a typical day for you, you’ll probably find your upcoming move-in… Read More
When a new condo is purchased, HST of 13% must be paid, as only resale real estate is exempt from HST. In most cases, the builder includes the HST in the purchase price, so the buyer doesn’t have to come up with a huge cash payment to CRA in addition to their down payment. In… Read More
Today’s market presents some very unique opportunities for buyers. With affordability near record highs and interest rates near record lows, many homeowners are making the decision to move up or on. Here a few simple tips to take into consideration when listing your home for sale. 1. Curb Appeal: Buyers make snap judgments about each… Read More
For the first time this year, both sales and selling prices in the GTA were higher than the same month in 2017, ending six months of ‘lower than last year’ comparisons. This is because the market has been steadily improving throughout this year, while the market fell steeply from May, 2017 onward, after the Ontario… Read More
Do you assume the house or cottage you share with your life partner belongs to both of you, or are you positive you understand who holds legal ownership? Assumptions can be expensive when it comes to money and real estate. “The garden is as much mine as yours,” yelled one homeowner to his spouse when… Read More
If you’ve owned your current home for many years, you may find that a lot has changed in the real estate world. Understanding what has changed can come in handy when you’re entering the market for the first time in a while. Here are a few of the key ways the real estate marketplace has… Read More
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