Blog

What does 2018 have in store for Toronto's Real Estate Market? This is a difficult year to forecast with all the mortgage and tax changes made in 2017, but we belive the market will continue to be driven by the influx of people to the GTA.

What's in store for the Toronto Real Estate Market in 2018? We Give our Predictions for the New Year.

When you want to lease a home in Toronto there are many reasons why hiring your own agent (A Licensed Realtor©) is important. The main reason is to avoid being scammed and ensure you are working with a professional who will represent your interests.

When doing an offer, the main focus is usually about what conditions to include, that's important. But sometimes you cannot get an offer accepted with conditions. Not just in a multiple offer scenario, but at times when a seller wants a quick sale and wants the buyer to take the property 'as is'

I get more calls asking for "Who is your best agent?" from potential clients, looking for someone to help them and from other agents wanting to refer a client to an agent. Unfortunately, there's no such thing as a "best" agent.

October sales on the Toronto Real Estate Board were down 26% from October of last year but were 12% higher than in September. Are we still in a sales decline or is this the first sign of a rebound?

OSFI (The Office of the Superintendent of Financial Institutions) has implemented 3 new mortgage rule changes starting January 1, 2018

Everyone wants to know when is the peak or the bottom of a market. That's when you sell or buy and supposedly make the most money. For years, investment companies have been touting how they can pick the top and bottom of the stock market, and no one has succeeded. This has not stopped people who think they can predict the top and the bottom of the real estate market. Twitter is full of these self-appointed experts. Here's what I do know.

September sale results on the Toronto Real Estate Board produced mixed results. For the ‘bears’, their focus was on the decline in sales from September a year ago – down 35% to 6379 units. A normal September should have produced sales in the 8,000 range. While ‘new’ listings for the month were up by 9%, ‘active’ listings were at 19,000 units at month end which represents about a 2.5 month’s supply on an annual basis. That is certainly higher than the last year but is well within a balanced market.

One of the worst statistics in Real is average prices. First, there is no such thing as an average house or property. Secondly, there is no such thing as an average location. Average prices also have another major problem. It assumes that the mix of sales is the same over time, and that never happens.