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Why are small condos the hottest segment of our Toronto real estate market today? Prices are now at $1000 per sq.ft. At the same time, bigger units can be had for about $800 per sq.ft.

The new standard lease for rentals has come into effect for Ontario on April 30th. You might ask yourself, "Do I still need an agent"?

Yes, sales on the Toronto Real Estate Board for March were down 39% from March of 2017. Last month we said to: ‘get used to it for the next couple of months’.

In the first 4 months of 2017, Sellers could pick just about any agent and their property would sell. There was no need to stage the property, no need for pictures or videos, just list at any price. So, any agent would do.

For whatever the reason, some people who buy a pre-construction condo do not want to close, but instead, sell it, to another buyer as an assignment

The Toronto Real Estate Board reported February sales were down 35% from February of last year. Get use to it: we will be reporting the same story for at least the next couple of months.

Trying to compare this January’s sale results (down 22%) to those of last year makes little sense. The market was crazy last year- and irrational too. Far better to look at TREB sales for January in 2016 and 2015. When you compare; 2018 sales were 13% lower than 2016 (the record sales year for TREB) and 7% lower than 2015

Rent controls have created two markets. For Tenants who stay put, they'll pay below market rents. For new tenants, they can expect to pay even more because of a shortage of rental units

t's pretty obvious that two groups of people are trying to forecast the 2018 real estate market in Toronto. The first group are those pouring over data, far removed from the actual market. The second group, are street people, like our agents!

On December 7th, the City of Toronto passed new changes to reduce the number of Airbnb rental units and force owners to rent them out as long-term rentals. The rules will go into effect July 1st. The focus, of course, is on investor condos downtown. This is just a PR and vote-appeasing move that will have little impacto n the condo rental market downtown