Real Estate

  • Why (Toronto)...

    Basically, there are two questions here: Why Buy Homes? Then Why Greater Toronto? First things first. Home is a basic need and as Mark Twain said, “better to buy a Home with the land if your budget affords, as they’re not making it (land) anymore”. When you rent, you are...

  • 2017 is...

    The tax on foreign buyers, coupled with rent controls and other proposed measures, started to have an impact on home price growth and sales activity in GTA.  When were similar measures introduced, not long ago, how Vancouver reacted? Vancouver home prices dropped about three percent after the tax was introduced....

  • Is Upward...

    Ontario government recently announced its plan to calm the market. These measures are expected to cool the runaway real estate market, increase supply and help create more and fairer rental accommodations for residents. The 16 measures outlined in the plan address the rising trend by attempting to regulate some of...

  • 10 Tips...

    After the recent real estate changes announcement in Ontario, the market appears to be less hot. It takes a little longer to sell and multiple offers are disappearing in many places. There is no guarantee that this trend will prolong for a long period. As happened in 2008, the trend may...

  • Should I...

    Ontario Premier Kathleen Wynne and Finance Minister Charles Sousa unveiled 16 new housing measures recently to address mainly housing affordability in the province. It’s the rent control tweak that concerns most investors. For an investor,  it’s now very easy to calculate return on rental properties. Because the rent control puts a...

  • Building Wealth...

    Home price growth is forecasted to continue in 2017. Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017.  This result represented a 17.7 percent increase compared to the 10,260 sales reported in March 2016.  For...

  • Investment Properties...

    Investors who bought new homes or condos in the past few years have faced HST bills up to $30,000 mainly due to their ignorance. In a nutshell, to qualify for new home (or condo) HST rebate, the new home or condo has to be either your primary residence or you...