With home prices rising out of reach for many Canadians, eager buyers are exploring other options. Co-ownership has become a growing trend, according to a recent survey from realtors Royal LePage, and most of those who buy property with family or friends are doing so because they can’t afford to go it alone. “In an …
Given the recent volatility of Toronto’s real estate market many would-be property investors have been biding their time, waiting for prices to slump. Last month, they got their wish. The February report from the Toronto Regional Real Estate Board (TRREB) shows a big drop in average home prices across the GTA as the market corrects …
Looking to Invest in Toronto Real Estate? Now’s The Time to Buy Read More »
House sales across the GTA may be dropping but prices are staying flat, according to the Toronto Regional Real Estate Board’s (TRREB) latest forecast which indicates that affordability remains an ongoing challenge in the market. There were 5,627 home sales in Toronto this August – a 34.2% drop since the same period last year. Prices, …
Latest TRREB – Sales Dive But Prices Remain Mostly The Same Read More »
It was recently revealed that real estate investors may represent up to 25% of the red hot market at the moment, taking advantage of sky high demand, low real estate supply, and a consistently in-demand rental market. New information shows that in addition to real estate investors, parents could also be fueling the dramatic rise …
Parents Could Also Be Fueling the Toronto Real Estate Market’s Rise Read More »
Anybody waiting to jump into the Toronto real estate market may want to rethink their approach. The latest TRREB Market Watch revealed that while home sales in the GTHA reach the second-highest level ever for the month of October, housing supply remains a major issue in the real estate market. The price of Toronto real …
Latest TRREB Market Watch Reveals Continuing Housing Supply Shortage in October 2021 Read More »
The Toronto housing market has been on fire since early 2020, with pandemic-fueled spending leading to the real estate market becoming hotter than ever before. Just about every part of the market is hotter than ever before, from condos to detached homes – even the rental market is showing absolutely no signs of slowing down …
Aspiring Toronto real estate investors looking to jump into the housing market might have an excellent opportunity to finally do so. The Toronto Regional Real Estate Board (TRREB) reported that August saw Toronto real estate selling prices at their lowest point since February 2021. After the enormous highs seen throughout the COVID-19 pandemic, investors could …
As Prices Come Down, Now is the Time to Buy an Investment Property Read More »
It’s election season in Canada and as the federal parties vie for votes, landlords and property investors are wondering what’s next for the already volatile Ontario real estate market. Whether the Conservatives take the lead, third parties make inroads, or the Liberals cling to power, change is on the way for property investors, sellers, …
What The Federal Election Promises Mean for Toronto Real Estate Read More »
The latest updates to Canada’s stress test have made it more difficult for first-time buyers to get into the real estate market, having to prove to lenders that they’ll be able to borrow at rates significantly higher than those currently posted by Canada’s major mortgage providers. The new rules have really reinforced the importance of …
Paying Down Debt Now More Crucial for Home Buyers Read More »
Introduced in 2017 with intentions to cool the red hot real estate market, the mortgage stress test has seen a number of changes over the years. The latest change to the stress test took effect on June 1st, 2021, making it more difficult for prospective home buyers in Canada to qualify for a mortgage. The …
New Mortgage Stress Test Makes It More Difficult to Qualify for a Mortgage Read More »
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