The Dog Days Of Summer Are Upon Us

The summer heat wave in Toronto has brought with it the typical slowdown in the real estate market. Prices and sales in July were lower than in June (as they are every year), though higher than last June. This probably sounds very confusing; the chart below should help to clarify what is going on. As… Read More

New Condo Buyers: Beware of HST and Capital Gains Tax

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

Toronto Market Remains Strong in June

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

Canadians Love Their Cottages, Cabins & Chalets

The Canadian dream of escaping the city and buying a recreational property to enjoy nature is  alive and well. Recent reports by two real estate firms say that everyone from millennials to    retirees agree that owning a recreational property is a dream come true. Many cottage communities in Ontario and B.C. have seen unprecedented… Read More

Home Ownership: Marriage vs Common Law

Unhappy Couple

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

What You Should Know About Buying and Selling Real Estate If You’ve Been Out Of The Market For A Long Time

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

Eight Signs It’s Time To Move Up

The starter home. It was so cute and quaint and sweet when you bought it, right? But, that was before kids and dogs and overnight quests and holiday dinners that require mathematician-level logistics to finding everyone a seat in a dining room that bursts at six people. Let’s face it: It’s probably time to move… Read More

Co-Ownership Becoming Popular

As house prices and interest rates continue to rise, and millennials despair of ever being able to afford a house, the idea of sharing the cost of buying real estate is becoming more and more attractive. On the surface the idea is very appealing – pool your resources with one or more friends and you… Read More

Laneway Suites Moving Forward

Rental housing is in short supply in Toronto, and the recent federal government changes in mortgage financing rules will likely make it even more difficult to find rental accommodation, since it is now harder than ever to afford a home or condo. Over the past 20 years, the City of Toronto has undertaken many initiatives… Read More

Toronto Market Continues to Normalize

For the third month in a row, average selling prices have increased in the Greater Toronto area. While prices are still significantly lower than this time last year, they are very much in line with the historical trend that existed before the aberrational late 2016/early 2017 bubble came and went.   For example, year-to-date average… Read More