Basement Apartments are growing in popularity in Ontario. For the homeowner, a basement apartment represents the opportunity to make a little extra money, pay off the mortgage quicker, or perhaps more room for extended family. Those getting started in life typically prefer basement apartments for their lower entry cost and lack of maintenance. But is [...]

Before buying a property, it's important to investigate all angles. You've likely heard it said: "Location, Location, Location." Todays buyers are constantly reminded that, while one can modify structural deficiencies and irregular layouts, location of Real Estate never changes. Proximity to public services, such as transit and healthcare can be a large convenience and make [...]

The Guide to Condo Ownership The process of buying a condo in Toronto is romanticized. Movies, TV, and commercials, while enticing you into the process, fail to illustrate the grueling effort required to make your dream a reality. Most first time homebuyers in Toronto are condo buyers. The lower entry price point of a condominum, [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]

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 [...]