SO, WHERE'S THE BUBBLE?

By: BRIAN C. MAYER

SO, WHERE'S THE BUBBLE?

Tags: Toronto real estate, real estate, Toronto's real estate bubble, foreign buyer's tax, hot Toronto market

If you were around and remember the late 1980s and early 1990s, there was a significant adjustment in the real estate market. The 1990s were not the best years for real estate in Ontario. After the Toronto market peaked in 1989 amid widespread speculation, the bubble burst and prices dropped considerably. In a research note published recently, BMO Senior Economist Robert Kavcic has presented wha...Read More

Downtown Toronto condos are HOT, HOT, HOT! 

By: BRIAN C. MAYER

Downtown Toronto condos are HOT, HOT, HOT! 

Tags: Condos, Toronto condos, Downtown Condos, Demand for Toronto Condos, Toronto real estate, Hot Toronto real estate market, buying a condo, selling a condo

Condos downtown Toronto seeing a huge jump in demand! Among the heated prices in Toronto’s real estate market, you will now find an increasing number of buyers (most of them young families and professionals) that tend to favour the city’s condominium units over detached properties: ...and why you might ask? If you’re looking at a house downtown under $750,000, chances ...Read More

Changes to Toronto's Land Transfer Taxes: APPROVED!

By: BRIAN C. MAYER

Changes to Toronto's Land Transfer Taxes: APPROVED!

Tags: Toronto Land transfer tax, taxes, city hall, cITY OF TORONTO COUNCIL

..and it's been done! Once again! City of Toronto Council has approved changes to the Toronto Land Transfer Tax that mean additional Toronto Land Transfer Tax costs for some home buyers with a closing date on or after March 1, 2017, when it will be harmonized with the provincial LTT. Click HERE to see the detailed City of Toronto Notice on the "original" proposed changes poste...Read More

TORONTO RESIDENTS: Sell Now and Invest the Difference

By: Will Ashworth - The Motley Fool

TORONTO RESIDENTS: Sell Now and Invest the Difference

Tags: Toronto Real Estate, Hot Toronto real estate Market, Selling your Home, Selling Your condo, time to sell

Q. What is crazier than U.S. politics right now?  A. The Toronto Real Estate Market!  How crazy are real estate prices in Toronto? They’re so crazy that people in areas as far away as Sudbury are paying more to own a home due to the sizzling markets in Canada’s biggest city. The CMHC announced January 24 that increasing home prices in the GTA are having a spillover effect ...Read More

HARD or SOFT: Why are lofts more popular than ever?

By: BRIAN C. MAYER

HARD or SOFT: Why are lofts more popular than ever?

Tags: Lofts, Hard Lofts, Soft Lofts, Toronto Lofts, Toronto real estate, condos, toronto condos

I realize it is not the newest or most original topic to write about but with their recent surge in demand, mainly due to the lack of housing and larger spaces in the city, lofts have become increasingly more popular. Some would argue that lofts are not conventional looking; they are more and more expensive to buy, the high ceilings make heating and cooling a pain and why have everything exposed...Read More

Why mortgage before March 17th?

By: BRIAN C. MAYER

Why mortgage before March 17th?

Tags: Mortgages, Canada Mortgage and Housing Corporation, High Ratio Mortgages, Insured Mortgages, CMHC Premiums

Why mortgage before March 17th? If you’re in the market for an insured mortgage, then you might want to get that mortgage before March the 17th. Canada Mortgage and Housing Corporation (CMHC) is raising premiums for insuring mortgages on Canadian homes for the third time in three years. Canadian homebuyers are required to have mortgage insurance if they have less than a 20 per cent downpaym...Read More

Have you ever been to MONCTON, N.B.?

By: BRIAN C. MAYER

Have you ever been to MONCTON, N.B.?

Tags: Hot Real Estate Market, Toronto Real Estate, Most Uaffordable Cities, Demographia, High-Priced Real Estate MarkeT, Rating agencies, analysts, economists. 

It’s a fact:  finding a property that makes financial sense can be very challenging for many buyers these days so is it still a good time to buy real estate in Toronto? It’s not breaking news when I say that Toronto's housing market is hot, hot hot! We smashed real estate records in 2016 and houses continue to sell for way over asking all over the GTA...Read More

A quick recap of the NEW RULES & upcoming CHANGES!

By: BRIAN C. MAYER

A quick recap of the NEW RULES & upcoming CHANGES!

Tags: Mortgages, New Mortgage Rules, CHMC, Bank of Canada, Interest Rates, Conventional Mortgages, Capital Gains Rule

  It’s no secret that 2016 was an extremely HOT year in the Toronto real estate market with record-breaking numbers. However, that doesn’t necessarily mean we will see the same for 2017.   One of the major reasons for this is the new mortgage rules that the government has implemented last fall and now with the recent annoucement of the new CMHC premi...Read More

Thinking of downsizing? NOW IS THE TIME!

By: BRIAN C. MAYER

Thinking of downsizing? NOW IS THE TIME!

Tags: Downsizing, Toronto Real Estate, From House to condo, Benefits of downsizing.

In the business world, downsizing isn't a word that anyone wants to hear, but in real estate, it can provide a homeowner with many benefits and a wealth of opportunities.  With a low supply and the high demand for housing again this spring, this could be the ideal time to capitalize with a move to a smaller space. In the past few years alone, I have seen a huge increase o...Read More

What's in store for 2017?

By: BRIAN C. MAYER

What's in store for 2017?

Tags: Real Estate Predictions, 2017 in Real Estate, Toronto Real Estate Market, The 2017 Real Estate Market

Well, I’m sure there will be many blog posts hitting the internet with 2017 real estate predictions. And why not? Canadians love to talk about real estate and 2016 was a hot year for the housing market in many cities. But I'll keep it short and sweet and not bore you with tons of stats and figures.   Though there might finally be an end in sight for some of ...Read More