Ontario PC's Proposed NEW Local Planning Appeals Tribunal

Friday May 03rd, 2019


Ontario's PC government announcement on Thursday, May 2, 2019, promises to ease the housing crunch in the Greater Golden Horseshoe Area with measures aimed at getting more houses built faster and with less red tape.  In proposed legislation, Steve Clark, Ontario's Minister of Municipal Affairs and Housing, stated that the Local Planning Appeal Tribunal, (known as the Ontario Municipal Board prior to 2017 changes by the previous Liberal government), would regain power to make... [read more]

Canada Revenue Agency Rules When You Sell Your Home!

Wednesday Apr 17th, 2019


What you need to know now from Canada Revenue Agency when you sell your home and principal residence..... "Before 2016, if you sold your property, and it was your principal residence for every year you owned it, you did not have to report the sale to claim the principal residence exemption.  For dispositions in 2016, you had to report the sale and designate the property on Schedule 3, Capital Gains (or Losses) in all situations. For dispositions in 2017 and later... [read more]

What Most Buyers Look for in a Home Purchase

Wednesday Jan 23rd, 2019


As the Spring 2019 real estate market approaches, (in the real estate world, the Spring Market begins around the third week in February and lasts until about the third week of May), our thoughts turn once again to what Buyers want and consider most when trying for a home purchase.   Now more than ever what drives Buyers to finally purchase a property?  Statistics have always shown, but now more recent research across Canada by Point2Homes reinforces, that Price is still the... [read more]

"Bank of Canada Announces Interest Rate Decision"

Thursday Jan 10th, 2019


So, in my professional opinion and experience, it REALLY is a great period for purchasing real estate!  Announced January 9, 2019 from the Bank of Canada (by the Canadian Press):  "The Bank of Canada left its trend-setting interest rate unchanged at 1.75% on Wednesday as the sharp decline in oil prices temporarily dims its economic outlook for the coming months.  Before long, however, the central bank expects the economy to expand with renewed vigour. More rate hikes, it... [read more]

GTA Condo Apartment Rentals See Sizable Price Increase Q1 2018!

Wednesday Apr 18th, 2018


The average rent for one-bedroom condominium apartments in the Toronto Real Estate Board market area was up 11.4% on an annual basis to $1,995 in the first three months of 2018!  The average two-bedroom condominium apartment rent was up by 9.1% over the same period to $2,653, according to market figures reported by GTA Realtors*.  The number of condo apartments available for rent during the first three months of 2018 was down 11.8% compared to the same period of 2017. ... [read more]

Breaking News-Toronto Condo Sales Price Rise 1st Quarter 2018!

Monday Apr 16th, 2018


Toronto real estate condominium apartment sales remain strong in the first quarter of 2018, according to Toronto Real Estate Board figures sold statistics reported through TREB's MLS* System.  The average selling price was up 9% year-over-year to $533,447 in the period January 1 to March 31, 2018!   While the number of condo apartment sales reported by the Greater Toronto Area Realtors* in the 1st Quarter was down 29.7% year-over-year to 5,084, so were the number of new... [read more]