BUYING OR SELLING?

The latest sales data for all properties sold in March has been released. Compared to last year, sales are up around 30% across the board whether the home is a semi, detached or condo. Despite there being constant reports that Toronto has a tight inventory, the sales numbers are very similar to the same time last year. It is worth noting that condo sales are up from last year, due to people looking at different ways to get into the property market and convenient living. This

Many people are aware that Kathleen Wynne announced some ‘changes’ for the housing market today.  I put quotes around ‘changes’ as I feel, as someone who is in the industry, these are not substantial enough to do much for our market. Her main points: Foreign Buyer’s Tax (with exemptions to refugees, international students & foreign nationals working in Ontario) Some rent control And empowering the City of Toronto and other municipalities the option to add a property tax to ho

With the change in mortgage rules and some speculation over the impact of the BC foreign buyers tax, the real estate market has been moving quickly since the beginning of November. Toronto’s February 2017 sales are up 5.7% though we have fewer new listings. This is great news for sellers with the lack of inventory meaning high levels of competition for buyers. Not to worry there are still opportunities for buyer, now more than ever it’ s important to plan and search very stra