Market News

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 […]

What If Lofty Toronto and Vancouver Housing Markets Just Won’t Stop?

June 21st, 2016

The Canadian economy can be likened to a three legged stool supported by the following sectors: resources, manufacturing and housing. With sagging oil prices and a weak dollar, the latter a benefit for exports, it’s truly been the housing market carrying the weight of the others. We all know that the Canadian housing market is regional to say […]

Toronto Market Sizzles On…

May 24th, 2016

“Pick Your Price: A Seller’s Market”   “The Housing Market That Just Won’t Stop”   “An Unreal Market: When the Price isn’t the Price and the Deadlines Don’t Matter” (Globe and Mail Real Estate  – Spring 2016)  In the dozen years I’ve been licensed as a Realtor® I’ve NEVER seen a Spring Market like this one. It’s […]

101,299 Sales Through TREB in 2015! What A Year!

January 09th, 2016

The stats are in and 2015 was the second best year ever in terms of the number of GTA sales for all home types (101,299, up 9.2% from 2014) and undoubtedly had there been more listings the sales total would have been even greater. Low borrowing costs and a strong regional economy kept homebuyers confident […]

Buying Real Estate in Toronto Will Cost More Upfront by Mid Feb 2016

December 12th, 2015

Buy Now or Wait Until I Have A Larger Downpayment? This was a legitimate question up until December 12, 2015 but the decision is no longer a choice especially when buying a property in Toronto, Vancouver or Victoria where the average price is higher than $500k. Many buyers have the means to avoid CMHC fees […]

Record Breaking Sales in June Once Again! But Who’s Buying and Where Are They Getting The $$$??

June 23rd, 2015

Here we go again…June sales are off to a record breaking start. Ya Ya Ya….you’ve heard it before, I know. Sales are up year over year by 15.7% and we’re headed for the third straight month in a row to break records. Prices are rising due to the shortage of listings. But never mind that […]

New Phantom Offer Law: All You Need To Know About Bill 55

June 16th, 2015

You may have heard about Bill 55 that will take effect July 1. This new piece of legislature deals with multiple offer scenarios and aims to eliminate “phantom offers”. Need some clarity? Read on… What is a phantom offer? A phantom offer is an offer that doesn’t actually exist but is used by a Listing […]

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