Real Estate

ONTARIO SETS A RECORD-BREAKING $2M AS THE AVERAGE PRICE FOR A DETACHED HOME!!

The average home price in Toronto continues to rise, and this month’s numbers show an all-time high. According to the latest Market Watch Report from the Toronto Regional Real Estate Board (TRREB), despite a 16.8 percent decrease in the number of sales in the month of February compared to this time last year, a detached home will now run you more than $2 million – $2,073,989 to be exact. While the...

What Investing in Calgary Looks Like for Out of Province Investors!

What Investing in Calgary Looks Like for Out of Province Investors With the recent pattern in prices in Ontario, many investors are asking the same question. “Is there any affordable option for me to invest out there?” And the answer is a definite YES! However, you need to know the right place in the current scenario. I am sure most of you have heard that investors from Ontario and British Columbia...

INVESTMENT PROPERTY DURING A PANDEMIC. THE MAIN QUESTION: TO BUY OR NOT TO BUY?

Since March 2020 we have been seeing a series of not just unfortunate, but also unpredictable events. More than a year into this Pandemic, a lot of my clients have expressed concerns in investing in property, so here are some facts that may help you make that decision and have a clear answer to the above question. Depending on your situation, this may or may not present to you some opportunities to seize....

Tips for Home during Covid Holiday Season 2020

This year, more than ever, plans for the holiday season are being made with health and safety at the top of mind. While we cannot predict what holiday gatherings will look like this year, the possibility that many of us will be spending the holidays at home seems more likely than usual. As such, we should be mindful of additional seasonal safety hazards around the home that can be easily prevented. We have...

New CMHC Rules Due To Covid-19 Which Will Make Lending Tough

The COVID-19 pandemic is affecting all sectors of Canada’s economy, including housing. Job losses, business closures and a drop in immigration are adversely impacting Canada’s housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the next 12 months. In order to protect future home buyers and reduce risk, CMHC is changing its underwriting policies for insured...

The “New Normal” and Real Estate Market (COVID-19)

As things move forward and we transition into the “new normal”, the effects of COVID-19 on the real estate market will not be seen immediately. While markets have shifted, the long-term impacts on Toronto real estate prices are yet to be seen. The real estate industry continues to operate Real estate markets are intrinsically related to employment, immigration, and the economy. While some might...

Why Empty Nesters should Downsize to Luxury Condos?

Though parents often have fond memories of their kids’ childhood home & it can be difficult to get past the fact that children are no longer filling a house that can now seem much larger for a couple’s needs. It makes complete sense to consider a move to a living situation that better fits their needs in the new phase of their lives. The empty nest syndrome isn’t a clinical condition, but it sure...

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