Market News

Short Term Gain or Long Term Pain? Will the New Rules Really Cool the Market in the Long Run?

June 01st, 2017

It’s been over a month now since the Provincial Ministry of Finance introduced their 16 Point Fair Housing Plan designed to cool the real estate frenzy which has gripped Toronto and the entire Golden Horseshoe over these past few months. The craziness prevailed through April as the average price in the GTA soared upwards of […]

Problematic housing market conditions continue: CMHC reports

February 28th, 2017

Canada Mortgage and Housing Corporation (CMHC) is reporting strong overall evidence of problematic housing market conditions nationally for the second consecutive quarter due to overvaluation and price acceleration in Canada’s housing markets. This assessment largely accounts for market conditions in Vancouver and Toronto where strong price growth has been spreading to neighbouring centres such as […]

Think Toronto Has An Oversupply of Condos? Think Again!

February 05th, 2017

  That stats are in! During the 4th Quarter of 2016, Condo sales were up by 22.3% year over year. New listings during the same time frame were down by 13.4%.  Average prices during this time frame increased by almost 15% year over year. By now, you know how it works right? When listings are […]

The State Of Toronto Real Estate – Shortage of Listings Fuels Ravenous Demand

January 24th, 2017

The Toronto Real Estate Market will continue to sizzle through 2017 despite mortgage “safety tests” meant to cool the market, despite mortgage rate hikes, despite talk of prices being unsustainable and despite naysayers forecasting a slowdown…how long have they been saying that? According to the Toronto Real Estate board, the GTA had a record year […]

Ontario government gives tax break to first-time home buyers

December 29th, 2016

Have you heard? In its 2016 Fall Economic Statement, the Government of Ontario committed to increasing the land transfer tax (LTT) rebate for first-time home buyers from $2,000 to $4,000. The new LTT rebate will help more young families achieve their dreams of home ownership. “Finding an affordable home has become a struggle for thousands […]

Get Your OWN Agent!

November 16th, 2016

The recently aired  CBC Marketplace show entitled “How Some Agents Break The Rules” highlights the perils of buying a home through the listing agent particularly in multiple offer situations.  It’s worth watching if you haven’t seen it. Here are just a few reasons why you need to get your own agent. 1) You won’t save any money by working directly through the […]

Strong Today. Steady Tomorrow. Hope for First Time Buyers :)

November 14th, 2016

Despite the introduction of new mortgage rules aimed at cooling Toronto’s red hot real estate market…stats show that sales increased by more than 11% in October in comparison to the prior year and average prices for all home types combined rose by 21.1% year over year to $762,975. The condominium market was the driver of the strength in sales and […]

What the new mortgage regulations mean for buyers

November 07th, 2016

What’s been described during the past few weeks as a ‘sledgehammer crackdown’ on the Canadian housing market, the new mortgage regulations, some of which came into effect last month, are aimed at strengthening the country’s housing finance system ‘to help protect the long-term financial security of borrowers’ and ‘to improve tax fairness for Canadian homeowners’. […]

Canada’s New Mortgage Changes – Will They Affect You?

October 03rd, 2016

Today, Federal Finance Minister Bill Morneau announced two very important rule changes in response to concerns of overheating in the Vancouver and Toronto real estate markets. The first one specifically applies to non-resident, foreign buyers. Up until now, foreign buyers had been selling their homes in Canada claiming it as their principal residence thus avoiding […]

Toronto and Vancouver Don’t Even Try to Compare These Two Housing Markets

July 29th, 2016

Vibrant and bustling Toronto vs. gloriously gorgeous Vancouver have on some level always been in competition with one another. Have you noticed? There’s the ever present east/west thing going on divided by grand mountains, four thousand plus kilometres and mindsets as different as night and day – laid back athletic vs. multicultural diversity with a […]

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