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Toronto’s Real Estate Outlook for 2016

Greater Toronto Area (GTA) households continue to see home ownership as an affordable, quality, long-term investment as evidenced by the record home sales reported through TREB’s MLS® System in 2015. Both low-rise and condominium apartment prices increased on a year-over-year basis, as measured by the MLS® Home Price Index and the average selling price. Seller’s market conditions resulted in high single-digit or low double-digit …

Toronto Property Selling Strategy #1: Pricing Low and ...

Strategy 1: Pricing Low and Holding Back Offers Under-pricing and holding back offers is the only way residential resale single-family homes under $1 Million (and even those over…) are sold in Toronto these days, and it’s been like this for a while now. Not only that, the “strategy” is effective, and it works.  The opposite – pricing at fair market value, believe it or not, …

Renting vs. Buying

​Is homeownership for you? Use this buy or rent calculator to help you do the math. It will tell you if you’d be better off buying or renting – and how many years you would have to own your home before you come out ahead. But you need to look at much more than the cost of rent or a mortgage payment to know …

Home Inspection Advice in Toronto

11 Things You Need to Know to Pass Your Home Inspection “According to industry experts, there are at least 33 physical problems that will come under scrutiny during a home inspection when your home is for sale. Here are 11 you should know about if you’re planning to put your home up for sale. In most cases, you can make a reasonable pre-inspection yourself …

Toronto Land Transfer Tax Explained

This article explains the Land transfer tax in Toronto. If you would like to access the land transfer tax calculator, click here WHAT IS LAND TRANSFER TAX? Ontario’s Land Transfer Tax is a provincial tax payable by the purchaser upon the acquisition of an interest in land by registered conveyance or unregistered disposition. Therefore, if you purchase a property or land you are responsible …

Buy a house in Toronto for 5% Down!

With as little as five per cent down payment, from personal or other sources, all home buyers have access to mortgage insurance enabling them to enter the housing market, as long as they can meet the standards for a five year fixed-rate mortgage. Details: Mortgage insurance for 95 per cent mortgages is available to both first time and repeat home buyers. Homebuyers have the …

Toronto Real Estate Headed for a Crash?

Toronto Real Estate Market based on a Bubble? Is the Toronto Real Estate market headed for a crash? That is the question I get asked the most about the Toronto Real Estate Market. There is inevitable uncertainty and the rising prices have most people thinking that a ‘bubble’ is forming and that the current prices are unsustainable.  No one knows for sure what will …

Toronto Real Estate E-Newsletter

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