Big bank hikes prime rate -  others to follow?

By: BRIAN C. MAYER

Big bank hikes prime rate - others to follow?

Tags: Interest Rates, Buying Homes, Toronto Real Estate, Mortgages, TD Canada Trust

Broker fears were confirmed Tuesday, with one big bank raising its prime rate less than a month following new mortgage rules. TD Canada Trust announced in a note to brokers Tuesday that it is changing its mortgage rates, including increasing its prime rate to 2.85%. The prime rate has been held at 2.70% for more than a year, according to the broker who shared the announcement with MortgageBr...Read More

A "BIG" thank you...

By: BRIAN C. MAYER

A "BIG" thank you...

Tags: Toronto Real Estate, Real Estate Services, Thank You, Appreciation, Your Toronto Realtor, Real Estate Referrals

So how often do you see this right? Here's a short blog post thanking all my amazing clients, past and present for their continued support! Over the years, I have been privileged with the level of response and enthusiasm by past clients who have referred their friends, family and associates to me. I pride myself in the service I deliver and the respect I’ve earned from both new an...Read More

‘CHANGE & PAIN’ under new mortgage rules?

By: Ephraim Vecina (Canadian Real Estate Wealth)

‘CHANGE & PAIN’ under new mortgage rules?

Tags: Change, Mortgage Rules, Toronto Real Estate, Housing Market

One of Canada’s fiercest housing critics has warned that the recently announced changes to federal mortgage rules will directly affect the main drivers of growth and activity in the country’s real estate sector.   In a contribution for Maclean’s, author and financial advisor Hilliard MacBeth noted that the abrupt introduction of the regulatory changes should give Canadi...Read More

Have the Feds gone a step too far? 'MORE' new rules...

By: BRIAN C. MAYER

Have the Feds gone a step too far? 'MORE' new rules...

Tags: Mortgage Rules, Interest rates, Toronto Real Estate, Finance Minister, Affordability

While all-time-low interest rates have juiced Toronto and Vancouver home prices to unprecedented heights, Canadian policy-makers are trying to stabilize (for the sixth time since 2008) a housing market that just does not seem to be cooling off. On Monday, the Finance Department responded yet again. It unleashed two rather subtle but potent new mortgage rules aimed at countering years of low ...Read More

AIRBNB: rental supply vs unregulated vacancies.

By: BRIAN C. MAYER

AIRBNB: rental supply vs unregulated vacancies.

Tags: Airbnb, rentals, toronto real estate, condos, vacancy, rental supply

Recently, a good friend told me that he visited Europe for 10 days over his summer holidays and his accommodations cost him just about a 1,000 euros ($1,500 CAD).  While he was away, he rented out his downtown Toronto condo on Airbnb for pretty much the same price. Sounds good right? But is what he did legal? Most people aren’t up on their condo rules. For most cond...Read More

BUYERS: Stop chasing the market!

By: BRIAN C. MAYER

BUYERS: Stop chasing the market!

Tags: Seller's Market, Toronto Real Estate, Buying Real Estate, Buyer's Tips, Buyer's Advice, chasing the market

Whether you are an active first-time home buyer or a seasoned investor, you've probably noticed that house prices have gone up significantly in the past couple of years. It seems like many first-time home buyers have had to give up their dream of buying a single family home and are being pushed into the condo market. Many are now focusing on multiple family homes or have moved outside of thei...Read More

A TALE OF TWO CITIES: Toronto and Vancouver markets to move in opposite directions?

By: BRIAN C. MAYER

A TALE OF TWO CITIES: Toronto and Vancouver markets to move in opposite directions?

Tags: Toronto Real Estate, Real Estate Market, Foreign Tax, Foreign Investors

  There’s no surprise when it comes to where you will find Canada’s hottest housing markets, both Toronto and Vancouver have seen value appreciations at break-neck speeds in recent years, but one of Canada’s big banks has a very different short-term prediction for these two cities. Both TD Economist Derek Burleton and Diana Petramala believe that V...Read More

If you think condo prices are high now, FASTEN YOUR SEAT BELTS!

By: GEORGE CARRAS - The Toronto Star

If you think condo prices are high now, FASTEN YOUR SEAT BELTS!

Tags: Condos, Toronto Real Estate, Resale

  Condominiums are playing an increasingly important role in the GTA’s housing market. As the region continues to be shaped by a growing number of intensification building policies that are highly complicated — and often conflicting — the average price of a new high-rise home has been growing more modestly compared to that of a low-rise home, up 6.4% versus 12.9% in June.,...Read More

THIS MONTH'S RANT: ‘Casual Anydays’?

By: BRIAN C. MAYER

THIS MONTH'S RANT: ‘Casual Anydays’?

Tags: Casual Fridays, Professionalism, Real Estate in Toronto, Choosing the right Realtor

There are so many mistakes home Sellers and Buyers can make when choosing a real estate agent. It’s possible that only after you’ve hired someone to help you with a purchase or sale do you realize that you may have chosen the wrong person. There are many tell-tale signs that can indicate you’ve picked the wrong real estate agent. One of these signs ...Read More

LONG-TERM RENTERS MIGHT JUST HAVE TO WAIT A BIT LONGER.

By: BRIAN C. MAYER

LONG-TERM RENTERS MIGHT JUST HAVE TO WAIT A BIT LONGER.

Tags: Leases, Renting, Toronto Real Estate

With interest rates remaining at all-time lows, Torontonians have been slow to give up their homeownership aspirations. But is the Greater Toronto Area approaching a scenario in which more people will become long-term renters?  In a normal situation, when you’re in an affordability crisis, I believe the market will eventually adjust. One of the adjustments would be an increased tendenc...Read More