Overview: a guide for new home buyers looking to build their credit score and qualify for a mortgage. It determines whether your mortgage is approved or denied, how much interest you’ll pay on your home loan, the terms of your mortgage, and the availability of lenders. And with interest rates soaring, qualifying for a mortgage is becoming increasingly harder—especially for…
Tag: toronto real estate
August 2022 Market Report: GTA Home Sales & Prices Drop
Overview: a look at the August 2022 housing market numbers for Toronto and the GTA, with a focus on condos, rentals, and the impacts of the latest interest rate hike. The following headlines sum up the August 2022 housing market: Toronto Home Prices Drop 16% in Historic Five-Month Slump —Bloomberg Home prices and sales in August see month-over-month growth for…
June 2022 Market Report: GTA Now A Buyer’s Market
Overview: a look at the June 2022 housing market numbers, Toronto’s transition into a buyer’s market, plus advice for buyers and sellers. That’s because, after years of waiting, Toronto has finally become a buyer’s market. In fact, the last time Toronto was in buyer’s market territory was in 2020, but that was short-lived as home sales and prices quickly broke…
May 2022 Market Report: GTA Heading Towards Buyers Market
Overview: a look at the May 2022 GTA housing market, its shift towards more balanced conditions, and why now is the perfect time to buy a home. This recent headline from The Star sums it up clearly: GTA home prices drop $121K from February peak as rising rates gut sales Interest rates are rising, prices are plunging and sales are…
88 Charles St E Unit 204 – Bachelors + 1 Bath – For Sale
Overview: 88 Charles St E Unit 204. Bachelors suite in historic Waldorf Astoria Hotel. Ideal secondary residence with great amenities, low fees & exciting Bloor and Church location. Building Name: Waldorf Astoria Address: 88 Charles St E #204 Toronto, ON M4Y 2W7 Neighbourhood: Bloor and Church Property Manager: Royal Grande Property Management Year Built: 1990 # of Storeys: 8 #…
120 St. Patrick Street Unit 807 – 1 Bed + 1 Bath – Sold
Overview: 120 St. Patrick Street Unit 807 is a fully-renovated 1-bed, 1-bath condo with a brand-new kitchen, great amenities, and exciting University & Dundas location. Building Name: Village By The Grange Address: 120 St. Patrick St #807 Toronto, ON M5T 2X7 Neighbourhood: University & Dundas Developer: Tridel Architect: WZMH Architects Property Manager: Del Property Management Year Built: 1981 # of…
197 Yonge St Unit 2209 – 3 Beds + 2 Baths – For Sale
Overview: 197 Yonge St Unit 2209 is a freshly-painted 3-bedroom, 2-bath unit that’s perfect for families. Enjoy upscale amenities, an automated parking spot & a wonderful Church-Yonge Corridor location. Building Name: Massey Tower Address: 197 Yonge St #2209 Toronto, ON M5B 0C1 Neighbourhood: Church-Yonge Corridor Developer: MOD Developments and Intracorp Architect: Hariri Pontarini and ERA Architects Interior Designer: Cecconi…
GTA Housing Market Shows Signs of Cooling in March 2022
Overview: a look at the March 2022 GTA housing market, with insights on sales, prices, and inventory, plus advice for buying and selling. March was a remarkable month for Toronto real estate, with average home prices setting yet another record. The month also saw the first interest rate hike in 4 years, changes to the Foreign Buyers Tax, and record…
200 Bloor St W Unit 2405 – 1+1 Bed, 2 Baths – For Sale
Overview: 200 Bloor St W Unit 2405 is a spacious 1-bed, 2-bath unit with a functional den and high-end kitchen. Enjoy sweeping balcony views, 5-star amenities and an incredible Yorkville location. Building Name: Exhibit Residences Address: 200 Bloor St W #2405 Toronto, ON M5S 1T8 Neighbourhood: Yorkville Developer: Bazis International, Metropia and Plaza Corp Architect: R. Varacalli Interior Designer: Burdifilek…
February 2022 GTA Housing Market: Sales Dip, Prices Rip
Overview: a look at the February 2022 GTA housing market numbers, with insights on sales, prices, inventory, interest rates & new Shared Equity Program. Like the last few months, February saw falling sales, rising prices and lacklustre listings. However, there are also major changes on the horizon. For instance, interest rates are climbing after being at historic lows since the…
How Quayside Will Transform Toronto’s East End
Overview: a look at Quayside, a revolutionary new condo development in Toronto’s East End, and its commitment to sustainable design, affordable housing and more. Almost 2 years after Google’s Sidewalk Labs project was cancelled, a new development is being planned for the Toronto Waterfront: Quayside. While Google’s project is no longer moving forward, many of the core values remain the…
Canada’s Immigration & Toronto’s Luxury Real Estate Market
Overview: a look at the impacts of record immigration on Toronto’s luxury real estate market in 2022, including on sales, prices, houses and condos. I recently sold a $3.4 million penthouse. That sale speaks to a wider demand for luxury real estate in Toronto—a demand that will only grow with immigration. In fact, Canada is set to welcome a record…
March 2nd Interest Rate Hike: Everything You Need To Know
Overview: a forecast of the Bank of Canada’s March 2nd interest rate hike and its impact on Toronto’s housing market, plus advice on buying, selling and mortgages. After years of keeping interest rates at historic lows, the Bank of Canada (BoC) seems poised to raise them at last. In fact, rates have been holding steady at 0.25% since March 27,…
Condo Case Study: How I Sold A $3.4 Million Toronto Penthouse
Overview: a case study of how I sold a $3.4 million Toronto penthouse, with insights on marketing, luxury condos, and the future of Toronto real estate. It’s no secret that GTA home prices have been soaring over the past few decades. In spite of ongoing health restrictions, job uncertainty and the prospect of interest rates hikes, buyers are still eager…
Record Finish: GTA Home Prices Jump 24.2% In December
Overview: a look at the record-breaking December 2021 GTA housing market numbers, predictions for 2022, and advice for buying and selling in the new year. Despite freezing temperatures, a new variant and ongoing health restrictions, the December 2021 housing market once again broke records. While 2021 was a great year for real estate overall, December did have its highs and…