Where is the best place for first-time buyers to consider in the Greater Toronto Area? It’s a good question and one we get asked a lot, so we thought we’d try to answer it by providing our list of the best areas and neighbourhoods for first-time buyers in Toronto. To make our list, we started […]
GTA Home Prices Increase 3%, Sales Drop 35%
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% […]
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 […]
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 […]
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 […]
A Guide to Bidding Wars and Bully Offers
With the high demand for real estate in the Greater Ontario Area, it has become very common for there to be multiple offers and bidding wars on properties. In turn, this has given rise to many pre-emptive or “bully” offers, with buyers looking to get in ahead of the bidding war. This situation may be […]
Renting vs Buying a Home: Which is the best move?
One of the most common questions asked about real estate is whether it is better to buy or rent a home. Unfortunately, there isn’t a fixed answer when it comes to renting vs buying. However, there are some general rules that can help you find the right answer for you… Rent or Buy: The Financial […]
Your First Home Purchase: A Guide to Federal Tools and Credits
GREATER TORONTO – If you are considering buying your first home in 2017, you are not alone. Far from it, in fact – an October 2016 poll commissioned by the Toronto Real Estate Board (TREB)* revealed that first-time buyers will likely account for more than half of 2017’s home sales across the GTA. While the […]
Electric Car Parking: Not Just for Houses
GTA high-rise developers incorporate charging stations into new developments GREATER TORONTO – When Minto Westside launched back in 2015, it offered an unusual incentive for buyers: the first 20 to purchase parking spaces with electric vehicle chargers, would receive a free Nissan Leaf with their purchase. Minto, a long-time national leader in building sustainability, knew […]
First-Time Buyers Driving Property Markets: CAAMP
TORONTO – A new survey-based report, issued by the Canadian Association of Accredited Mortgage Professionals, has revealed new insights on the decision-making process, as well as financial parameters, of home buyers across the country. Completed in June 2015, A Profile of Home Buying in Canada was based on a survey of more than 800 Canadians, […]