Real Estate
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Report shows decade of steep growth in GTA home prices

Posted on 08 February 2018

Homeowners in the Toronto region, including the Hamilton and Burlington area, have more than doubled their investment over the past decade, says a report issued by Re/MAX on Wednesday.
The report shows the average price in the Greater Toronto Area grew by 119 per cent between 2007 and 2017. Prices appreciated 110 per cent in the Hamilton-Burlington area during the same period, putting t ...

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Condos, townhomes in high demand in Metro Vancouver, real estate board says

Posted on 06 February 2018

The Real Estate Board of Greater Vancouver says demand continues to be high for condominiums and townhomes in the region, but less so for detached properties.The board says 1,818 homes sold in January — up 19.4 per cent from the same time last year, but down 9.8 per cent from December 2017.However, townhouse and condo sales were above the 10-year January average by 14.3 and 31.6 p ...

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Canada beefing up housing data as policy pushes ahead

Posted on 13 December 2017

Fresh data on foreign investment in Toronto and Vancouver, Canada's largest cities, will be released next week in a move economists hope will shed light on what is driving demand - and a potential bubble - in the country's housing market.While the Canada Mortgage and Housing Corp has said foreign investment accounts for only about 10 percent of sales activity, policymakers and voters ali ...

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Buying a presale condo? Do your homework

Posted on 23 November 2017

TORONTO - With a sigh and hesitant pause, Jason Paris confides that in retrospect he wishes he'd done more research before putting down a deposit on the now defunct Museum FLTS condominium project in Toronto's trendy Lower Junction area.The 43-year-old television production manager is one of hundreds of would-be homeowners who recently had their money returned and dreams dashed when the ...

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Mortgage brokers, home buyers concerned about new 'stress test' rules

Posted on 01 November 2017

New guidelines that will soon place restrictions on uninsured borrowers looking to secure a mortgage have — as one Ottawa realtor puts it — kicked the pursuit of a home into "overdrive."
Earlier this month, the Office of the Superintendent of Financial Institutions (OSFI) released guidelines for the mortgage industry that will take effect on Jan. 1, 2018. One of the ...

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3 Frightening Things in Sellers' Homes That Can Scare Buyers Silly

Posted on 18 October 2017

Having a beautiful home in an exquisite environment is not a most suitable reason for buyers to show interest, it could contain an item or two that happens to scare the pants off anyone who walks through your door. That might not really be an issue if you don't like guests, but it could very well be a big problem if you're trying to sell your place! The raw truth is that it doesn't take much ...

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Top 3 Home Selling Myths you need to STOP believing

Posted on 09 October 2017

Putting your home up for sale can be an emotional endeavor. And really it is. Selling itself is psychology. People buy emotionally but justify their decisions logically. 80% of all sales success is emotional. Selling a home is as much a science as buying is. Andlots of people who've been there before will want to tell you how it's done. Beware of these (well-meaning) storytellers and don't fall ...

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Average home price climbs in Toronto

Posted on 05 October 2017

TORONTO - The average price of a home sold in the Toronto area last month climbed higher on a month-over-month basis for the first time since hitting a record in April.The average price has been falling since April when the Ontario government announced plans to try and cool the hot housing market including the introduction of a tax on foreign buyers.The Toronto Real Estate Board said Wednesday the ...

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These paradise islands cost less than a city apartment

Posted on 02 October 2017

Property prices keep rising, but did you know you could own island for less than an apartment in a major city? Here are 16 remote idylls for sale right now.

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The 10 Worst Things You Can Say to a Mortgage Lender

Posted on 02 October 2017

Getting a mortgage loan is an involved process that requires a full examination of your financial background. You’ll likely have to answer countless questions and complete a mountain of documentation. And you’ll probably have your own questions to ask and comments to make.Be careful about what you say to a mortgage lender, however, because it ...