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Month: July 2015

6 Facts About the Toronto Real Estate Market

56,000 condos At the end of 2014, there were more than 56,000 condos under construction in Toronto. That’s far more than what’s being built in other cities with a greater population like Chicago, Los Angeles, or New York. As a comparison, during most of the 1990s the city hovered around 10,000 condo starts. Almost 3,000 …

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255 Richmond Street, East, Toronto

Spacious 2 Bedroom, 1 Bathroom Condo with an Abundance of Natural Light @ Richmond and Jarvis. Featuring: Open concept design throughout Spacious living area with large windows, natural sunlight, and walk out to balcony Dining area with overhead lighting, engineered hardwood flooring, and large window Modern kitchen with track lighting, stainless steel appliances, wood cabinetry, …

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Bank of Canada Rate Cut and Loonie at 5-Year Low — What’s in Store for Toronto’s Housing Market?

Last week the Bank of Canada reduced its Key Lending Rate for the second time this year. Down to 0.5 per cent from .75 per cent, this move was in response to our ailing economy along with the slump in oil prices. With large banks and lenders preparing to follow suit, this leaves us to …

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Toronto’s Hot Real Estate Market Expected to Surge if Bank of Canada Cuts Rates Again

If you think housing prices in Toronto are high now, brace yourselves.  Industry experts and economists expect them to surge as Canada’s biggest city saw another record month in June. Last week, newly appointed Toronto Real Estate Board President Mark McLean announced that GTA REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015.  …

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7 Key Tips for Buying Investment Properties in Toronto

Thinking about buying an investment property in Toronto? You’re not alone. For years, savvy investors have been buying, renting, flipping and selling real estate in Toronto. Historically Canadians have always leaned toward real estate as a key investment and according to a recent study by TD Bank, several professional investors also consider their home as …

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