Concerns about foreign investors snapping up real estate have dominated headlines recently, but a new report suggests domestic investors outnumber foreign buyers in the Greater Toronto Area’s new condo market 10 to 1. Toronto condo research firm Urbanation says foreign buyers, whose primary residence is outside of Canada, made up only 5% of the sales of new units in condo buildings […]
Install new batteries in smoke alarms & carbon monoxide detectors Test & dust all detectors (testing at least once a month) Replace furnace filter Inspect bathroom & kitchen caulking— re-caulk as needed Test kitchen & bathroom exhaust fans Clean kitchen exhaust hood & filter Vacuum refrigerator coils Schedule air conditioning inspection Check fire extinguishers (at […]
If you were to compare average sqft home prices. where would Toronto rank? No.5! Vancouver (BC), Richmond Hill (ON), Richmond (BC) and Burnaby (BC) are the top 4. Ontario Richmond Hill: 367 square feet Toronto: 520 square feet Oakville: 568 square feet Mississauga: 750 square feet Hamilton: 1,008 square feet Ottawa: 1,079 square feet Rest of Canada Vancouver: 339 square […]
A lot of transit projects in Toronto are being discussed. This one is nearing completion: Reportedly end of 2017 the University line – currently terminating at Downsview Station – will serve further 6 stops, two of them located in the York Region. It will be the first TTC transit line to cross city borders and will run […]
Ontario has doubled the rebate on the land transfer tax or first-time homebuyers to $4,000 in an effort to help them enter the housing market, but it has raised the same tax on homes that sell for over $2 million. Since January 1, 2017, first-time buyers don’t pay any land transfer tax on the first $368,000 of a […]
Guess what – the rental market in Toronto is also hot! Despite rising house prices – with the historically low interest rates and rising rents it can make it worthwhile investing in the right property. Call me if you want to find out more. The following data compares the average rent from the 4th Quarter of 2016 to the average rent […]
Before you start – give me a quick call so when can have a chat what will increase the market value of your home the most! If you are unsure if you should do it yourself or hire a professional, ask yourself the following questions: Do I have the necessary skills? Consider your own skills and […]
Toronto Life featured an article about what Life in Toronto could be like in 50 years. Here is the link: http://torontolife.com/city/will-want-live-toronto-2066/ Some of the highlights include an illustration of what the Skyline could look like (see picture above) Another story covers the Real Estate prices increase over the LAST 50 years. What do your think […]
With rising house prices so-called “Second Suites” have been increasing in popularity due to the additional income that can help carry the mortgage bills, increase cash flow or make use of otherwise not needed space. These five basic requirements determine if an authorized second suite can be created: 1. The principal residence must be at least five years old 2. The house must […]
A lot happened during the month of October: Let’s shed some light…these are the changes in a nutshell: Under current regulations, any financial gain from selling your primary residence is tax-free and does not have to be reported as income. As of this tax year, the capital gains tax is still waived, but the sale of […]