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
Once again articles of the Canadian real estate market are flooding the news. Sadly, most of these articles are negative. Experts are making statements on the overvaluation of the market, the increasingly harsh conditions for buyers and the supposed impending market crash. It’s important to separate the Canadian market from the GTA/Toronto real estate market.
Most buyers often think of their home buying transaction as one with a lot of upside. They get a roof over their
Many people are now taking the opportunity to work from home, which is further reducing the amount of activity people get. Here is a blog post from Janet Walker, a Toronto based Osteopath, with some suggestions on setting up your home office and how to keep “moving”, even when you have a desk job. “Sitting is the new smoking!” It’s become a popular catchphrase, with study after study recognizing the health dangers. In response, standing workstations are showing up everywhere.
Even though we live in a major growing city, we are very fortunate to have many parks where we can go relax, read, exercise or walk our dogs. Here is a list of the GTA’s top 10 parks as compiled by Toronto Life Magazine. 1. Corktown Common East of Bayview Avenue, South of King Street E The Corktown Common is the neighbourhoods most eye-catching development. The 18-acre park is extremely practical because the topography of the park is designed to protect downtown from flooding
With this cold weather I thought it would be a good time to mention the importance of yearly fireplace and furnace inspections. Fireplaces should be inspected by a qualified technicians as improperly working fireplaces can cause a fire in your home; something to note, older homes built prior to 1955 may be at higher risk. Furnaces and HVAC systems also require an annual checkup for similar reasons. This will ensure your equipment is operating safely and may address energy eff