Overview: a look at the new mortgage stress test and its impact on Toronto’s housing market, including home sales, prices, mortgages, buying power and more. Starting June 1st, the federal government is updating its stress test and making it tougher. The goal? To cool down the country’s red-hot real estate market and make it harder to buy a home. Just…
Tag: 2021
The Future Of Toronto Real Estate Post COVID-19
Overview: a forecast of Toronto’s housing market post COVID-19, including home sales, prices, freehold properties, condos, the impact of vaccines, and more. As of May 1, 40% of Toronto adults have received their first dose of the COVID vaccine. That number is expected to accelerate, with the government setting a target to vaccinate everyone by this September—a mere 4 months…
Why Now Is The Perfect Time To Buy A Home
Overview: a look at why the next few months are the perfect time to buy a home in Toronto and the GTA, including upcoming rule changes, market trends and the impact of COVID-19. What makes me so sure? Simple: they’ve gone up every month since 2018. That’s right—despite the first, second and now third wave of the pandemic, home prices…
GTA Home Prices Hit Record High In March 2021
Overview: a look at the GTA and Toronto housing market’s record-breaking performance in March 2021, including sales, prices, trends, forecasts and more. Toronto home prices just hit a new all-time record —blogTO Average GTA home price sets new record, up almost 22% from last year —Daily Hive Toronto March home sales, prices blow past record set during the 2016 real…
Upsizing: Why Couples Are Picking Real Estate Over Weddings
Overview: a look at how COVID has inspired couples to invest their wedding budgets in real estate, whether it’s buying their first home or upsizing to something bigger in the city. Work, travel, school, recreation—COVID has turned every aspect of our lives upside down. Weddings are no exception. Many couples have had to cancel or postpone their big day because…
February 2021: Toronto’s Cold Winter & Hot Housing Market
Overview: an analysis of the February 2021 Toronto housing market, including sales, prices, competition, and the ongoing impacts of the COVID-19 pandemic and vaccine rollout. The short answer is no. In fact, despite stay-at-home orders and a brutally cold winter, Toronto’s housing market has been on fire. Sales, listing and average home prices are all up, while competition has been…
Case Study: How I Sold 2 Condos Fast & Over-Asking Price
Overview: a Case Study of how I sold two condos, 560 Front St W Unit 622 and 38 Cedarland Dr Unit 1206, in less than a week and for well above asking price, plus what it means for Toronto’s condo market. If you follow real estate news like I do, you might’ve heard that condos were hard hit by the…
King West: A Profile of Toronto Neighborhoods [2021]
Overview: a comprehensive guide to King West and Toronto’s Entertainment District—updated for 2021. King West: Then Named after George the 3rd, King St was one of first roads to be laid in 1793 when Toronto was still called York. It soon became Toronto’s primary commercial thoroughfare, only to be destroyed and rebuilt following the Great Fire of 1849. The…
The Impact of COVID Vaccines on Toronto Real Estate
Overview: a look at the potential impacts of COVID-19 vaccines on Toronto real estate, including buying, selling, renting and more. According to CTV News: Ontario is seeing almost a doubling of the rate of vaccines getting out of freezers and into arms… Just as the pandemic disrupted Toronto’s housing market, vaccines are set to do it once again. Buying, selling,…
Post-COVID: Toronto Real Estate In 2021 and Beyond
Overview: a look at Toronto’s housing market post-COVID, including home prices, house vs condo sales, immigration and more. 2020 has been one terrible surprise after another. So how can anyone predict what next year will look like? While we can’t be 100% accurate, we can use the latest data and trends to forecast 2021 with some confidence. Plus hope is…