Overview: a look at the October 2021 housing market, with a special focus on condos. Plus an analysis of GTA home sales, prices, inventory, and advice for buyers and sellers. Like a zombie, Toronto home prices kept rising and rising. It was an especially good month for condos, which posted double-digit gains in both home prices and sales. But there…
Tag: coronavirus
August 2021 GTA Housing Market: Prices Soar As Sales Plunge
Overview: a look at the August 2021 GTA housing market, including key sales data, future trends, and advice for home buyers and sellers. On one hand you had headlines like this from BNN Bloomberg: Toronto housing at ‘crisis point’ as prices surge On the other hand, you had headlines like this from Daily Hive: Number of new home listings in…
My Breakfast Television Interview On Millennial Home Buyers
Overview: my interview with Breakfast Television, with thoughts and insights on the current housing market, plus tips for Millennials looking to buy their first home! I recently sat down for an interview with Breakfast Television. The topic: Millennial homebuyers and the challenges they face. I also shared my thoughts and insights on the current housing market, and offered tips for…
Why Millennials Shouldn’t Wait To Buy A Home
Overview: a look at why Millennials should buy a home now—before prices rise and competition heats up. A Quarter Of Canadians Aged 25 To 35 Bought Real Estate During The Pandemic That headline from Better Dwelling provides a clear answer. Homeownership isn’t just some far off dream for most Millennials—it’s an everyday reality. In fact, a recent survey finds that…
Hong Kong Permanent Residency & Toronto Home Prices
Overview: a look at the new permanent residency pathways Canada is offering Hong Kong residents and its impact on Toronto home prices. That number is set to skyrocket thanks to two new permanent residency pathways. According to CBC News: Canada is offering two new paths to permanent residency for Hong Kong residents who work here or are recent graduates already…
5 Toronto Neighbourhoods To Invest In Before the City Returns To Normal
Overview: A List of 5 Toronto Neighbourhoods To Invest In Before the City Returns To Normal While COVID has inflamed Toronto home prices, it’s actually made some neighbourhoods more affordable. As Properly explains: Real estate is hot everywhere in Toronto, but with downtown dwellers looking for more space and more affordability, home values in areas on the outskirts of the…
A Foreign Investors Guide To Buying Toronto Real Estate
Overview: a foreign investors guide to Toronto real estate, with advice on taxes, mortgages, rebates, down payments, location, property types, and more. Then you’ve come to the right place. This guide will walk you through everything you need to know, from basics such as who can buy real estate in Canada, to more complex issues such as taxes, legal hurdles…
The New Mortgage Stress Test Is Coming—Are You Ready?
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…
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…
The 2021 Toronto Real Estate Market Forecast
Overview: a forecast of the 2021 Toronto condo market, including the impacts of vaccines, jobs, immigration, rental supply, the freehold market, price predictions and more. Before the pandemic, condo sales were strong, competition was fierce, and prices were soaring. Today, however, condos seem to have fallen out of favour. While freehold properties such as detached homes are seeing a boom…