Blog

31st of July 2017 08:18 PM Link
The buyers market may not last. Severe lack of new home supply. GTA population still growing.

#.WXoK6ajRt5x facebook" rel="nofollow" target="_blank">http://m.mortgagebrokernews.ca/business-news/toronto-housing-market-downturn-to-be-short-lived-federal-housing-agency-says-228763.asp #.WXoK6ajRt5x facebook
28th of July 2017 06:36 AM Link
12th of July 2017 12:04 PM Link
Hopefully you first time buyers were listening to my post last week! First interest rate increase in 7 years.

https://beta.theglobeandmail.com/report-on-business/economy/bank-of-canada-interest-rate-decision/article35662991/?ref=https://www.theglobeandmail.com&service=mobile
6th of July 2017 01:42 PM Link
Not all gloom and doom out there

http://www.thestar.com/business/real_estate/2017/07/06/forecast-for-toronto-area-home-sale-prices-this-year-in-the-13-18-range-treb-says.html The new TREB forecast puts the average price of a Toronto-area home at between $825,000 and $860,000.
3rd of July 2017 09:41 AM Link
Attention first time home buyers! If your thinking of buying in the next 3 months go out and get pre-approved by a bank right away. Lock in your lower interest rate!!

http://www.cbc.ca/beta/news/business/interest-rates-bank-of-canada-1.4183855
12th of June 2017 08:12 PM Link
Take a peak at some of my recent blog posts on the latest Planning changes in Ontario and their effect on the RE Market! Ps, I make my my video debut at some point on the page #faceforradio #yeesh!

https://fortressrealdevelopments.com/news/will-planning-changes-ontario-affect-industry/
5th of June 2017 06:31 AM Link
Good summary of what's been going on in the market.

http://www.thestar.com/business/2017/06/05/housing-prices-dip-slightly-but-tight-supply-keeps-costs-up.html The average home price last month was $863,910 — $111,810 more than last May when houses and condos averaged $752,100 — according to month-end statistics from the Toronto Real Estate Board (TREB) being released Monday.
16th of May 2017 07:55 AM Link
Good article outlining the huge increase in listings in late April/ early May. Key point: cooling does not necessarily mean burst housing bubble. See reference to the Vancouver market.

https://beta.theglobeandmail.com/real-estate/the-market/canadian-home-sales-cool-gta-leads-decline/article34986046/?ref=http://www.theglobeandmail.com&service=mobile
3rd of May 2017 05:37 PM Link
Good article today in the Globe and Mail. Makes reference that the Toronto Market is following a similar path as Vancouver did last year. 'Vancouver lite'.

Torrid Toronto housing market finally takes a breather http://www.theglobeandmail.com/real-estate/toronto/torrid-toronto-housing-market-finally-takes-a-breather/article34882433/
20th of April 2017 10:26 AM Link
20th of April 2017 09:09 AM Link
First 'cooling' measure from the Ontario government to slow down the red hot housing market.

https://www.thestar.com/news/queenspark/2017/04/20/wynne-to-slap-15-per-cent-tax-on-foreign-real-estate-speculators.html
13th of April 2017 05:59 AM Link
4th of March 2017 08:38 AM Link
Last year when I posted this the market grew 19-20% year over year (15-16). This past year (16-17) dwarfs that number. That's over 2% a month price increase. Food for thought.

https://www.thestar.com/business/2017/03/03/price-of-homes-sold-in-gta-last-month-up-277-from-year-ago.html
16th of February 2017 07:34 AM Link
Interesting article which shows differing perspectives on the cause of GTA housing growth (over 20%/year!). Article title slightly misleading.
26th of January 2017 07:33 AM Link
30th of December 2016 09:40 AM Link
This article in the Toronto Star does a fairly good job of outlining where the Real Estate Market may go in 2017

https://www.thestar.com/business/2016/12/28/what-to-expect-when-youre-expecting-to-buy-or-sell-a-home-in-2017.html
17th of November 2016 08:04 AM Link
16th of November 2016 07:34 AM Link
17th of October 2016 07:10 AM Link
4th of October 2016 07:17 AM Link
Lots of articles today about the federal government's initiatives to cool the housing market. Will be interesting to see if they have the desired effect.

http://www.theglobeandmail.com/globe-investor/personal-finance/household-finances/house-prices-will-not-rise-forever-base-your-financial-decisions-accordingly/article32219135/?service=mobile