Inside the Upper Beach

In addition to our Market Watch and Mortgages feature, we’re doing a monthly focus on neighbourhoods that offer great value and lifestyle. This month we thought we’d start with our home turf – the Upper Beach! A combination of new developments and heritage conservation, we love this area for the quiet, family vibe where ‘game on – game off’ is…

October 2010 Market Watch

Prices are up 5% to $433,729 over this month last year even though the number of transactions is down 20% across the GTA. In the Beach, detached homes sold for an average of $863,562 and the average price of a semi-detached home was $482,562. Let’s take a look at the numbers comparatively from last year to this year both on…

rob and real estate

With the new mayor elected, we thought we’d discuss the impact of Rob Ford’s campaign commitments on the real estate industry. His major campaign promise was to repeal the Municipal Land Transfer Tax sometime in 2012. Although you might think agents are all for getting rid of the tax, it still represents $200 million dollars in revenue per year for…

we love houzz

We recently purchase and ipad and with a pending home build or renovation (the jury’s still out….do we want pain or pain? hmmm…can’t decide) we came across an app called Houzz. It’s an incredible online idea book with over 40,000 photos that you can search by room, style, even geographical area. When you find a photo you like, you can…

Stop it, you’re scaring me!

After having just spent the past three hours shoveling out pumpkins and carving with absolutely no help from my daughter, I realized two things…. 1) don’t buy so many pumpkins and 2) despite the pain, Halloween is a blast if you get into it. With that in mind, no matter what your age, here are some highlights of what’s happening…

The September 2010 Market Watch

Although sales in September 2010 were sluggish compared to 2009, we are up 4% in terms of home sales for year to-date compared to last year. And the values keep moving upward, up five percent. Personally I’ve seen a lot of movement in listings the core Beach – both our own and those of others which is good news….the big…

The Case for Variable

It’s been a great ride! Canadian homeowners have been benefiting from ultra-low interest rates over the last two years. Unfortunately the time has come: the rate climate is starting to heat up. As the Prime lending rate starts to gradually increase toward more normal lending rates of 5% to 6%, do variable-rate mortgages still make sense? Of course the answer…

The August 2010 Market Watch

Will them media please relax? We have been. On a positive note, the slow down in activity has allowed a lot of us to actually enjoy the summer. We’ve commented on the bubble debate recently and until we see the fourth quarter of 2010 play out, I don’t think it’s worth revisiting. Summer numbers as always slower so I’m not…

Mortgages

From the desk of Peter Majthenyi and Andre Semeniuk… Since the collapse of the U.S. housing market a few years ago, the concern of a “Housing Bubble” here has regularly made front-page news. Let’s start by keeping in mind that for most homeowners their home is to be enjoyed and lived in for years to come, and is not merely…

Mortgages

On Tuesday July 20th the Bank of Canada reluctantly increased their interest rate by .25%, while fixed mortgage rates actually dropped! The “Global Economy” is very fragile so do not expect any further rate increases anytime soon, it will likely take until at least 2012 to see any significant international recovery or increased inflation. You can learn more at BNN.ca…