Ontario’s Fair Housing Plan: 16 New Measures

April 20, 2017 Jelani Smith 0

In response to the hot Toronto real estate market, Ontario government introduced 16 new measures within the Fair Housing Plan. These new measures are expected to address the issue of demand, and supply for real estate markets within the Greater Golden Horseshoe (GGH). Record breaking prices had government officials and economists concerned about the sustainability of the housing markets. The […]

Hot Toronto Real Estate Market: What Will the Governments Do?

April 19, 2017 Jelani Smith 0

As Toronto-area home prices continue to hit fresh records, governments are under pressure to look into measures in order to cool the housing markets. Three levels of government, Mayor John Tory, Ontario Finance Minister, Charles Sousa, and Federal Finance Minister, Bill Morneau agreed to not introduce any measures that would increase demand for Toronto Real Estate. As of March 2017, […]

New Buyers Beware: Escalating Condo Occupancy Fees

April 17, 2017 Sheila O'Hearn 0

By Sheila O’Hearn, Zoocasa Buyers who’ve managed to get in on unfinished condo projects in a market where sales are exceeding supply in the GTA real estate market, might not want to uncork the champagne bottle quite yet. Are you prepared for the financial impact of occupancy fees on your budget? Purchasers of units in larger projects will doubtless find […]

15 Ways to Save for a House Downpayment

April 5, 2017 Jelani Smith 0

Heated real estate markets are showing no signs of cooling down – with growing demand, derived from strong job markets, immigration, all time low interest rates, and low supply. In some regions, such as Toronto and Vancouver, house prices have been facing double digit, year over year growth. Despite the circumstances, 82% of non-homeowner Canadian millennials have the intention of […]

7 Red Flags You Can’t Ignore When Buying a House

March 19, 2017 Lana Hawkins 0

It is a rough market out there and many buyers are under pressure to make an offer the moment they find an affordable home. Before taking a plunge, though, it would be wise to scratch under the surface and uncover the potential red flags. Even homes that appear to be in swell condition need to be inspected thoroughly. There may […]

Why the Suburbs Are No Longer a Real Estate Bargain

March 15, 2017 Penelope Graham 0

Penelope Graham, Zooacasa Some not-so-great news for buyers seeking affordable real estate: it’ll cost you an average of a million dollars to purchase a house in the Greater Toronto Area, whether or not you seek one in the suburbs. The fact that detached home prices have bypassed the pricey million-milestone beyond city limits was revealed by February data from the […]

Real Estate Strategy: Income Properties

March 13, 2017 Jelani Smith 0

With the right strategy executed, real estate income properties yields to sufficient cash flows, and capital appreciation over a period of time. Especially in a ‘landlord’s market,’ such as Toronto, income properties is one strategy to receive a fixed monthly income from an investment. The vacancy rate for Toronto was 1.6% in 2016 (the Globe and Mail), making it a […]

Should You Buy a Condo on Concept?

February 23, 2017 Penelope Graham 0

Penelope Graham, Zooacasa As real estate prices rise and bidding wars become the norm, it’s getting even tougher to buy a home in Toronto. With the inventory of homes for sale at only half of last year’s levels and a supply crisis looming, buyer competition has become especially fierce. However, there are options for those looking to avoid such market […]

Toronto Real Estate: Asking Price vs. Selling Price

February 15, 2017 Jelani Smith 0

2017 is off to a strong start for the Toronto Real Estate market, with average prices rising 22.3% year over year, according to a recent Toronto Real Estate Board report. The average home in Toronto costs $770,745. In such a heated market, bidding wars are becoming more common. Over the past year, sales have increased 11.8%, while new listings and […]

Your Guide to Understanding Condo Fees

January 13, 2017 Penelope Graham 0

By: Penelope Graham, Zoocasa Let’s say you’re looking to purchase a condo close to the downtown core. You’ve combed Toronto real estate listings and have found what looks to be the perfect unit: it has slick amenities, a great location, and the price seems to be right. But then you realize you’ll also need to pay $500 per month in […]