March/April Market Report

SALES COMMENTARY: February sales results from the Toronto Real Estate Board were almost identical to January. And for the first two weeks of March, results are eerily similar. It seems like we are just treading water because of the harsh … Continue reading

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ONLY ONE NUMBER COUNTS IN THE NEW CONDO MARKET

Unlike the Toronto MLS, statistics for new condo sales are tracked by four major research companies. In no particular order they are: Barry Lyons & Associates, RealNet Canada, Urbanation, and Housing Lab Toronto. All four companies do a great job … Continue reading

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February/March Market Report

SALES COMMENTARY: Is 2014 starting out just like 2013 in terms of real estate sales? It sure looks like that according to January sales from the Toronto Real Estate Board. Overall sales were down by 2.2%. However condo sales were … Continue reading

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JANUARY 2014 – MARKET FORECAST

2014 MARKET FORECAST FOR TORONTO and the CONDO MARKET Every year we like to review our last year’s forecast (unlike those who keep calling for a market correction). Just recall the MacLeans Magazine Cover and the words “Inside the Great … Continue reading

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WHERE ARE THE MULTIPLE OFFERS IN THE TORONTO MARKET?

The media tends to sensationalize multiple offers – especially when the sale price goes a hundred thousand over list. The truth is, very few properties experience a bidding war, except for one particular property type. That property type is a … Continue reading

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THE FOUR BASIC RULES FOR INVESTING IN REAL ESTATE

Real estate investing does not need to be complicated. If you just follow these four basic rules, you can become financially secure. 1. You need to own your principal residence as soon as possible. It is almost impossible to ‘time’ … Continue reading

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THE SECOND OR CITY LAND TRANSFER TAX IMPACTING SELLERS NOT BUYERS

There is no doubt that the real estate market within Toronto (416) has been slowed – sales noticeably lower than those in the 905 area. Most experts think the reason is that Buyers are opting to purchase in the suburbs … Continue reading

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HOW CAN YOU TELL IF REAL ESTATE PRICES ARE TOO HIGH?

All the experts – read the OECD, The Economist, and several U.S. Hedge Funds believe that there is a fixed relationship between average family income and residential real estate prices. That’s why they believe that Canadian real estate and in … Continue reading

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WHAT TORONTO PROPERTY OWNERS NEED TO UNDERSTAND ABOUT REAL ESTATE TAXES

Toronto is the only municipality in Canada with TWO Land Transfer Taxes. That means buyers are paying a disproportionate tax load to operate City services. Who benefits? It is the existing property owners whose tax rates are too low in … Continue reading

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MONTHLY REAL ESTATE SALES NUMBERS ARE IRRELEVANT

Why is the media, and hence the public and eventually the real estate industry so focused on monthly sale numbers? We know that the media needs regular news and reports to sell advertising. But real estate sales are not neatly … Continue reading

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