TORONTO CONDOS STILL THE BEST BUY FOR THE FUTURE

Most experts and economists continue to forecast a market correction with condos being the most vulnerable. But when you weigh the factors, condos keep coming out on top! People have less money to spend with rising gas prices taking even … Continue reading

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ASSIGNMENTS REPRESENT THE BEST BUY IN THE TORONTO CONDO MARKET

Assignments (buying a property before it is registered) represent the best buying opportunities for first time buyers – read CHEAPEST! Why? First, there are not as many people looking at these types of properties. That’s because real estate agents don’t … Continue reading

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WHY SOME PEOPLE MISTAKENLY THINK THE TORONTO CONDO MARKET WILL FAIL

First, negative news always sells. No one in the media wants to publish good news because it does not sell. That’s why anyone who forecasts that the ‘end is near’ will always get the headlines. When you try to tell … Continue reading

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IMPACT OF NEW CMHC MORTGAGE LENDING RULES ON CONDO MARKET

More changes have been made by the Federal Government  to CMHC lending practices. Note that these rules do not apply to mortgages that are conventional (under 80%). The first change is to mortgage refinancing. Now existing owners can only refinance to 85% … Continue reading

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UNDERSTANDING THE TORONTO HOUSING AND CONDO MARKET

Most experts try to analyze the Toronto housing and condo markets on the basis of interest rates, affordability (incomes), and listing inventory. But they miss the key factor driving the Toronto market. The key factor is the 100,000 new immigrants … Continue reading

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CONDO AND REAL ESTATE MARKETS DEFY EXPERTS

We have been tracking sales since July – the month that Armageddon was supposed to hit the real estate market. Sure sales volumes dropped significantly from June. Then August numbers were even lower and the boo birds were out in … Continue reading

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NEW CONDOS VERSUS RESALE CONDOS – WHICH IS THE BETTER BUY?

Over the past ten years, Toronto has experienced the biggest construction of new condo units of any city in North America. Also over this same period, the gap in prices – on a square foot basis – between new developments … Continue reading

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NEW CONDO MARKET IS CHANGING IN TORONTO

While new condo developments continue to sell out, the buyer mix is changing. Developers think they know their buyers but they don’t! Most buyers for new projects are brought in by real estate agents – they don’t just show up … Continue reading

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CONDO SALES IS A TWELVE MONTH A YEAR BUSINESS

When I first entered real estate sales, the market was certainly cyclical. It started mid-February and finished by the end of June. Everyone either worked part time over the summer or took the summer off. The market then resumed for … Continue reading

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WHERE DOES THE TORONTO CONDO MARKET GO AFTER JULY 1ST?

Everyone thought that when HST hit July 1st along with other negative views that the Toronto condo market would hit the wall – at least over the summer! And I was one of those doubters. But people are starting to … Continue reading

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