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Analyzing The Real Estate Risk While Waiting For a Vaccine

By |2020-09-22T15:22:58-04:00September 22nd, 2020|All Posts|

To say the that the current COVID-19 global pandemic has affected every economy in the world would be no understatement, and the real estate market is no exception. As if this wasn't bad enough, difficulty in analyzing the extent of the pandemic's longer-term effect on the market is exacerbated by the contradictory opinions from experts [...]

Ontario Government Announces Proposal to Freeze Rent in 2021

By |2020-09-22T15:20:04-04:00September 22nd, 2020|All Posts|

The Ford government has announced their plans to bring forward legislation to freeze rent in Ontario at the 2020 levels. The Ontario government sets out a yearly guideline for the maximum amount a landlord can increase rent to reflect inflation levels. These guidelines do not apply to residential units that were first occupied after November [...]

Mandatory Registration for Toronto Short-Term Rental Units

By |2020-09-22T15:17:54-04:00September 22nd, 2020|All Posts|

In a news release on August 25, 2020, the City of Toronto announced that registration of short-term rental operators will now be required through the new online registration system. Starting September 10, 2020, short-term rental operators will be required to formally register with the City of Toronto before renting out a property for a period [...]

Toronto Real Estate Market Snapshot: August 2020

By |2020-09-11T14:38:46-04:00September 11th, 2020|All Posts|

The Toronto Regional Real Estate Board reported 10,775 sales in August 2020, up by 10.5% from the previous month and up by 40.3% year-over-year. Toronto Real Estate also saw an increase in the number of new listings with 18,491 homes listed in August 2020, up by 56.8% compared to August 2019. The average selling price [...]

Toronto Real Estate Market Snapshot: July 2020

By |2020-08-10T15:24:56-04:00August 10th, 2020|All Posts|

The Toronto Regional Real Estate Board reported strong sales activity in July. There were 11,081 sales in July 2020, up by 49.5% compared to June 2020 and up by 29.5% compared to July 2019. The average selling price was $943,710, up by 5.5% compared to June 2020 and 16.9% compared to July 2019. Toronto Real [...]

Toronto Real Estate Market Snapshot: June 2020

By |2020-07-15T12:48:14-04:00July 15th, 2020|All Posts|

The Toronto Regional Real Estate Board reported 8,701 transactions in June 2020, up by 83.8% from the previous month. Toronto Real Estate also saw increases in the average selling price and new listings in June 2020. The average selling price was $930,869, a 9.8% increase compared to the previous month. With 16,153 new listings, there was [...]

The First-Time Home Buyer Incentive is a Failure: Here’s How to Fix It

By |2020-05-25T17:36:33-04:00May 25th, 2020|All Posts|

In Fall 2019, the Federal Government launched the First Time Home Buyer Incentive. The program, backed by the CMHC, aimed to provide home ownership for 100,000 Canadians within 3 years. Portions of down payments would be provided, interest free, in exchange for a portion of equity in the home. There’s only one problem, it’s a [...]

The Complete Guide to Easements in Ontario

By |2020-05-07T22:53:41-04:00May 9th, 2020|All Posts|

Contrary to the popular saying, what you don't know CAN hurt you. If you're looking to buy Real Estate in Ontario, make sure you know what you're getting. Failing to do the proper research could lead to you getting more than what you bargained for. An undiscovered easement on a property could turn a prime [...]