I’m sure by now, anyone who has been following the real estate market has heard of the new OFSI B-20 rules. If not, you can go back to the insight article that I had written about two weeks ago and get caught up on the changes – it’s definitely worth a read. This certainly had …
In this week’s article, which I’ve been meaning to write for a few weeks now, I’ll be talking about the wealth gap and what has really happened from a macro level in the last few years to the affordability of a home. Throughout my real estate career, I’ve worked with a lot of first-time home …
Last week, major news was announced (or leaked, depending on your sources), that Google’s Sidewalk Labs will be coming to Toronto’s east harbourfront. It will be Google’s attempt at creating a high-tech, data-driven mini-city right in our very own megacity, Toronto. Google has already committed $50 million USD into the planning and proposal stages, with …
In this week’s article, I wanted to take some time to give everybody a mortgage update because OFSI just passed the B-20 guidelines. This is going to have a major impact on the state of the real estate market – much bigger than the minor interest rate hikes that we saw a few weeks back. …
Throughout my years in real estate, I’ve come across many interesting stories and unique perspectives on how people view Toronto as a city. Interesting enough, we’re always in a bubble until we have to go outside of that smaller bubble into a larger bubble. A simple example of this would be the transition from elementary …
A lot of you who’ve been following me may have noticed that I keep saying the phrase “the shift to affordability” for all of 2017. It’s been 9 months now and this seems like a good time to recap and remind everybody what exactly is happening in the Toronto Real Estate Market. This “shift to …
How Affordable is the Toronto Real Estate Market? Read More »
That title is a real attention-grabber right? Before you continue reading, let me preface this insight with the fact that I am not an economist, financial analyst, nor do I have a crystal ball. I am, however, an investor and realtor who cares about how external influence and factors may affect my assets, my business, …
It’s a great time to be a condo investor right now… said every real estate agent ever! Well, in actuality, it couldn’t be more true right now than ever before, I swear! There are many factors that are pushing condos to be a smarter investment than ever before. Here are just a few we’ve spoken …
Last week, literally right after I had filmed the September Market Watch, news of an interest hike surfaced: “Bank of Canada hikes interest rates by 0.25%“. Note that you may not see the number 0.25% written in article headlines because the media will most likely be writing about interest rates now being at “1%” instead …
As part of the Ontario’s Fair Housing Plan introduced in April 2017, which included rent control and the 15% foreign buyer’s tax, we got an extension of the plan via the “Rental Fairness Act”. This is effective immediately. When rent control was passed, although it was intended to help those who cannot afford a home …
