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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 [...]

Toronto Real Estate Market Snapshot: April 2020

By |2020-05-07T21:55:15-04:00May 6th, 2020|All Posts|

Members of the Toronto Regional Real Estate Board reported 2,975 transactions in April 2020, down 67% year over year. The complete slowdown in sales was buffered by the lack of new product, with only 6,174 new listings, or a similar decline of 64%. Toronto Real Estate prices fell 9% this month, down to $821,392. Although [...]

Eat Local: COVID-19 Takeout Guide

By |2020-05-01T13:02:29-04:00May 6th, 2020|All Posts|

COVID-19 continues its relentless attack on the Toronto Restaurant Community. With 1 in 10 restaurants in Toronto already closed, it's more important now than ever before to support Toronto's Restaurants. To see which restaurants remain open and ready to serve you via takeout and delivery during COVID-19, check out Take Out COVID, an initiative by [...]

5 Ways to Tour Houses during COVID-19

By |2020-04-30T18:31:11-04:00May 2nd, 2020|All Posts|

As we continue to follow the advice of our public health officials, most residents in Toronto and around the world are continuing to stay inside. In Ontario, the Government announced that, although Real Estate is still deemed an essential service, open houses are prohibited. Even when these restrictions are lifted, it may be a while [...]

GTA Sees Increase in Retail Investment Sales During Q1 2020

By |2020-05-01T17:08:03-04:00May 1st, 2020|All Posts|

Investment Retail sales volume in the GTA Reached $531M during the first quarter of 2020. This figure is up by 12% ($59M) compared to the first quarter of 2019, according to data released by Altus Group. While the quantity of investment transactions increased between 2018 and 2019, total dollar volume fell by 7%, or $183M, [...]

Cresford Developments and Questions about Receivership

By |2020-04-30T18:21:44-04:00April 30th, 2020|All Posts|

With the recent announcement of Cresford Developments entering into receivership, there is valid concern regarding potential scenarios in which a pre-construction purchase encounters a similar scenario. After all, its hard to believe that three luxury developments (The Clover on Yonge, Halo Residences, and 33 Yorkville Residences) could undergo bankruptcy. Recent sales figures released for the [...]