Home prices increased 3% year-on-year in the Greater Toronto Area during August but the general slowdown continued, with month-on-month prices and sales of detached homes down once again. In its latest report released Wednesday, the Toronto Real Estate Board revealed that the average sale price of homes in the GTA was $732,292 – a 3% […]
Top tips to increase home value
If you are selling your home, you want to make sure that you get the best value for it. One of the best ways of achieving this is by hiring a good real estate agent. However, there are plenty of other things you can do to increase the value of your home and repairs and […]
A Quick Guide to Mortgage Pre-Approval
Mortgage pre-approval is often talked about when buying a home and is sometimes a necessity before making an offer on a property. But what is a pre-approved mortgage and how do you get one? This handy guide should help give a quick introduction to mortgage pre-approvals: What is a pre-approved mortgage? A pre-approved mortgage is […]
Toronto ranked 4th in Global Liveability index for 2017
Toronto was once again ranked as one of the best places to live in the world as the Economist Intelligence Unit released its 2017 Global Liveability rankings. Ontario’s capital ranked fourth in the list of most liveable cities throughout the world, once again enhancing its credentials as a top international city and destination. The city […]
Closing Costs – what you need to pay when you buy a home
Closing costs are the various payments that you need to make when you complete the purchase of your home. These can range from legal fees to taxes to insurance payments and are important to take into consideration when completing a purchase because they can add up to a significant amount. Industry experts recommend setting aside […]
GTA home prices see another drop in July
July was another tough month in real estate in the Greater Toronto Area as there were once again notable decreases in the average price of homes and the number of homes sold. In its latest monthly report released Thursday, the Toronto Real Estate Board (TREB) announced that the average price of a home in the […]
What happens if a buyer doesn’t close on a home?
There have been a few stories and anecdotes recently about buyers not closing after agreeing to purchase a home. They made an offer, all conditions were waived or fulfilled, but when it came to closing time, they backed off. While still a rare occurrence, it’s still prudent to understand what you can do if it […]
Best summer activities with kids in the Greater Toronto Area
We’re about half way through the summer vacation and the first month has been a bit of a washout. But with better weather ahead of us (hopefully!), there is plenty for us to enjoy before the kids return to school. Here’s our rundown of the best summer activities with kids in Toronto and the […]
Huge growth in new home sales in Toronto
There was huge growth in new home sales in the Greater Toronto Area in June, with a new report showing that the number of sales grew by 59% compared to May 2017, 23% compared to June last year, and 44% compared to the 10-year average. The report, released by the Building Industry and Land Development […]
Has Toronto’s real estate bubble burst? A statistical look
Following the latest release of figures from the Toronto Real Estate Board (TREB) last Thursday, there have been a variety of headlines proclaiming the bursting of the real estate bubble in the Greater Toronto Area. But has that really happened? And is there a real estate bubble at all? We took a deep look at […]