June 2017 Toronto Real Estate Market Watch

Government regulations, media doomsday, crazy market statistics. What is happening in the real estate market? As always, the media has a habit of jumping every time the market slows down – early summer and late fall.   Funny how the bubble is always about to burst when we have historical, seasonal slow downs. The government chose to announce new coming…

has your home’s value gone up or down?

Check out this great interactive map on the Globe and Mail… It compares values from Q1 of 2010 to Q1 of 2011. Keep in mind, this is a law of averages….if you want to know what your home would actually sell for today, we can do a comparable market analysis. And remember, inventory is way down and demand is high…

the spring market is heating up!

The spring real estate market is heating up and the numbers so far provide great news for sellers, but the relatively low supply and high demand can spell frustration for buyers. Last month, there were 19 per cent fewer homes on the market but it was the second most active March in history. Cynthia Mulligan outlines what you can do…

2011 february market watch

The spring market has gotten off to an early start! We are seeing a lot of new product coming out on a daily basis and listings are going into multiple offers so you can feel the intensity. It will be interesting to see what happens after March 18th when Jim Flaherty’s new mortgage changes go into play that include slashing…

A Deadline You Need to Know About

New mortgage rules come into effect in one week folks! Check out this info from Peter Majtheynji from My Mortgage Planner to find out how it could affect you…. By now, you have heard that Canada’s Finance Minister, Jim Flaherty, has initiated further changes in the mortgage industry that will take effect March 18, 2011. This is an effort to…

The 2011 Crystal Ball

Barring any major governmental interference or major adjustments in the interest rate (not likely), I anticipate a steady 2011 and a fairly balanced market for buyers and sellers with the typical seasonal patterns. We saw the weather play a big role in the seasonal patterns last year (in addition to the HST) and given the mild winter we’re having, I’m…

A Decluttered 2011

Hi everyone, Mark’s wife, Selene here… It’s kind of hard to focus on your new years’ resolutions when you can’t find your underwear. So before you tackle your big goals for 2011, take crack at decluttering and organizing your home. Here are my top tips that we use every day in our own home to make life just that much…

CMHC: Toronto Housing Outlook

The CMHC just released its forecast for 2011. The overall prediction for the GTA? Certainly NOT the most dramatic year in real estate. According to the CMHC, it will be steady as she goes, in fact the title of their resale section is “Less excitement in store for 2011”. They also predict that we will not have a seller’s market…

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…