Towards the end of the Summer, most people in real estate are either not super busy or are getting ready for the Fall season. Personally, I am in the boat of getting ready for the Fall. I’ve been writing and mentoring my clients about how important this upcoming Fall season will be as it will …
The headline is as blinding as staring directly at the sun during this week’s solar eclipse. But yes, no need to blink twice – you read the headline correctly! You need six figures to buy almost any GTA home. This headline has been widespread as of late and is grabbing a lot of attention. However, …
If anyone has been following the media headlines, the latest and best one is “Prices are dropping $2,100 per day”. That one is hilarious because I have worried clients, calling me and asking “what do I do?!”. For most people when they read headlines like that, they are imagining that $2,100 dollars are leaving their …
The real estate market is in cycles, whether that is up and down in prices or the seasonal activity changes. This year was no different. We often go through a high activity season (spring), and then a low activity season (summer), followed by a high activity season (fall). The slight difference this year is that …
Despite what is going on right now in the market with government intervention and interest rate hikes (which I will not address here), the market has slowed down. I actually like it better this way because it’s not as crazy and rush-rush-rush as it was earlier in the year. However, I do have to confess …
The Biggest and Final Land Grab in the Next 10 Years! Read More »
There has been a secret battle going on underneath everybody’s noses without us knowing. This is the secret battle between the cities of GTHA and many developers. Remember 1-3 years ago when the consensus from the general population of Toronto was: “Too many glass towers, stop it”? Well, when there is strong public opinion, it …
HOT Demand – A Shift to Pre-construction Homes and Condos Read More »
Another storm is brewing. This time, it is from the government yet again. They just proposed some new mortgage rule changes that may take effect in the Fall of 2017. Now before you read on, these rules are PROPOSED – they have not been implemented yet, but this gives us an insight into the government’s …
New Proposed Mortgage Rules and Changes that it Could Entail Read More »
Well, it’s official now. The Bank of Canada (BoC) finally increased their interest rate by 0.25%. It went from 0.50% to 0.75%. There are many speculations as to why BoC did this. Some say it is to follow the feds, some say it is to protect the Canadian dollar, some will say it is to …
There has been a lot of media misdirections with eyeball grabbing headlines of late. “Praying for a Real Estate Crash” – Macleans “Toronto Housing Prices Have Already Fallen 12% from their Peak” – Huffington “Home Prices Could Fall Up to 40 Per Cent” – CTV Alternatively, there are also media outlines printing headlines that look …
I’m not usually sure how intimately everyone in Toronto follows real estate. I find some people are even more involved than me as a professional and some people just simply don’t care. Whether you’re on either side of the spectrum, this story is quite juicy, I would have to say. Let me give you the …
Warren Buffet’s Investment in Home Capital Group Inc. Read More »
