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

Mortgage Rate Games

Since last week, four of Canada’s ‘Big Six’ banks have raised their posted mortgage rates: TD Canada Trust by 45 bps (from 5.14% to 5.59%) and the other three by 10-30 bps. These rates aren’t ‘real’ in the sense that they are typically about 2% higher than the actual 5 year fixed rate that you… Read More

What Not To Do When You Are Moving

Whether moving across town or across the country, packing up and moving can be stressful, costly and full of surprises. From shady movers and inaccurate price quotes, to overpacking or not allowing enough time to get the move set up, every step of a move has the potential for mistakes that can make a move… Read More

Leaner Toronto Market Remains Strong

Media reports continue to focus on how this year’s market conditions compare to the same time last year, and therefore continue to misconstrue what is really going on. Last month total sales (number of homes sold) were 40% lower than the same month last year, and the average selling price was 14% lower. Year-to-date results… Read More

Thinking About Renting Your Basement?

The Toronto rental market is very strong and, if you don’t really need the living space in your basement, the idea of pulling in an extra $1,000/month or more in rent can be very appealing. Before you embark on renovations to convert your basement into an apartment, however, here are some things you should bear… Read More

Improve Your Chances of Obtaining a Home Mortgage

Securing financing to purchase a new home is one of the most important, exciting, and nerve-wracking financial steps most people will ever take. The government has tightened mortgage lending rules several times in recent years, and banks have become increasingly cautious about making mortgage commitments. Does this mean that you won’t be able to get… Read More

Toronto Market Reheating

Recent media reports have seized upon the February data for prices and sales to suggest that the Toronto market may be in decline. Indeed, prices and sales in February were both lower than the same time last year, however, I would contend that this conclusion is an extreme example of recency bias. What do I… Read More