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

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

Selling during the Holidays: GOOD OR BAD TIMING?

By: BRIAN C. MAYER

Selling during the Holidays: GOOD OR BAD TIMING?

Tags: Selling your home during the holidays, Christmas Real Estate, Buying a house during the holidays, Buying a condo during the holidays

  One of the questions I often get asked this time of the year is  “Should I sell my home over the holidays?" There is no clear cut and dried answer as everyone’s personal circumstances are different but most agents follow up that question with “It is better to wait until after the New Year or spring time.” Some real estate agents will argue that it i...Read More

I LOVE DOGS! But what about that condominium?

By: BRIAN C. MAYER

I LOVE DOGS! But what about that condominium?

Tags: pet-friendly condos in Toronto, buying condos in Toronto, pet restrictions in condos, Condo dogs

I will confess, I am a huge dog lover and most people who know me will attest to that. I think just about everyone knows our little girl *Abbey!  So you love dogs too (or you're a proud owner) and you are ready to have a place to call your own and you want your own piece of equity. With the Toronto housing market showing no signs of slowing, more and more urbanites ar...Read More

Pre-Home Inspections: WHO NEEDS THEM?

By: BRIAN C. MAYER

Pre-Home Inspections: WHO NEEDS THEM?

Tags: Pre-home inspections, pre-list inspections, transparency in real estate, selling your home, toronto real estate

Smart Sellers, that’s who. However, for some reason and too often, I see many houses listed without them.  I decided to write a short blog on the subject as I was very surprised by the sellers' response when recommended during one of my recent listing presentations. One of the sellers felt that an inspection prior to listing their house would be more benef...Read More

You Get What You Pay for RIGHT? NOT ALWAYS.

By: BRIAN C. MAYER

You Get What You Pay for RIGHT? NOT ALWAYS.

Tags: Toronto real estate, selling homes, selling condos, professionalism, good service, you get what you pay for

So I'm sure by now you’ve heard of the T.V. show called “Love it or List it” right ?   How about doing one called: “List it and Leave it”  As we all know, one very useful tool in a Realtor’s toolbox is the multiple listing service, or the MLS. Any Realtor you use will make certain to put your property up on the multiple listing service&n...Read More