Toronto real estate intelligence: deciding on a mortgage that’s right for you. With all the interest hikes we’ve seen lately, the question on every homeowner’s mind is: do I have the right kind of mortgage? Should I switch? How do I save the most money over time? And for those buying real estate in Toronto right now, the choice between fixed and variable can be a tough one. Payi...Read More

Canada’s 2-year ban on foreign buyers started January 1 – here’s what you need to know.  To help address our severe housing supply shortage, the Canadian government has banned anyone who isn’t a Canadian citizen or a resident from buying residential property here. The Prohibition on the Purchase of Residential Property by Non-Canadians Act came into effect  Janua...Read More

As of January 1, 2023, if you own a residential property in Toronto that’s sitting empty more than 6 months of the year (even if it’s your primary residence), you’ll be taxed at 1% of the property’s assessed value in the following year. So if your $1.5M property was vacant in 2022, you’ll be looking at handing over $15K to the city – and that’s in addition...Read More

Icy sidewalks, burning candles and overloaded electrical plugs can make the holidays a lot less happy. But if you practice a little seasonal safety, you and your loved ones can have the healthy, peaceful, joyous holiday you deserve.    Here are a few helpful tips for staying safe at home this season:    Keep sidewalks, driveways and walkways clear. Your family, friends, and d...Read More

The market has shifted in a big way. As interest rates have gone up, demand and property prices have come down, and it’s gotten more challenging to sell a property. So what’s a seller to do?    If you’ve got your place on the market and it’s not seeing any action – or you’re not getting the price you want for it – here are some questions to ask ...Read More

There's been a lot of noise recently about inflation and interest rate hikes. If you're confused and concerned, you're not alone, and we're here to help you understand what it all means – and how it might impact real estate in Toronto, your plans for homeownership, and your monthly budget.  Inflation: The Basics The inflation rate is measured by the Consumer Price Inde...Read More

When you’re buying your first home, you don’t know what you don’t know – and believe me, there’s A LOT to know. As you’re deciding what kind of home you want, where you want to live and how much you’ll spend, here are 10 things to help you on your home buying journey.  1. Do your homework. Before you start looking at properties or making offers, do s...Read More

Remember when (not so long ago) landlords were practically giving away rentals – offering discounts, free months and even gift cards for signing a lease? Yeah, those days are gooooone. The rental market has been heating up in a big way over the past few months, and last month, we hit a new record for average price, surpassing the one set in late 2019, just before COVID.  Average rents ...Read More

Prices in much of the GTA are dropping and sales are slowing. Homes are taking longer to sell – and aren’t attracting the frenzy they did just a few months ago. Competition is definitely down, but with the recent increases in borrowing rates, it’s not much of a surprise that enthusiasm has waned and buyers have stepped back to see if prices will come down more.  Investors w...Read More

With the Conservative win in this month’s provincial election, people are wondering how their housing platform will impact Ontario’s – and particularly the GTA’s – real estate market. Here’s a quick rundown of the More Homes for Everyone Act and what it proposes to do to help tackle the affordability issues our province is facing.  Build 1.5 million new ...Read More