IMPACTS COVID-19 HAS HAD ON THE TORONTO REAL ESTATE MARKET

By |September 17th, 2020|Buying, Featured Buying, Featured Investing, Featured Selling, First-Time Buyer, Governments, Landlords, Neighborhood, News, Real Estate Agent Toronto, Rental, Toronto Central|

COVID-19 has had an impact on the Canadian Economy and housing markets across the country. Although the spring was much cooler than previous years, we began to see record setting sales in the summer months and the Toronto market has remained stable. With interest rates at historic lows and rental unit prices dropping, right now is the perfect time to make moves. Below, we list some of the impacts that COVID-19 has had on the market:

WHAT IS INTERIM OCCUPANCY WHEN BUYING A PRE-CONSTRUCTION CONDO?

By |July 23rd, 2020|Buying, Financial, First-Time Buyer, Investing, Neighborhood, News, Pre-Construction, Pre-Construction Condos, Pre-construction Investing, Rental, Resale Condos, Selling, Toronto Central, Toronto Condos, Toronto Developments, Toronto East End, Toronto Market|

Buying a pre-construction condo is a different process than purchasing a re-sale unit in Toronto. With a pre-construction condo, there are many phases that take place before the condo is ready for its residents. One of these phases is interim occupancy. Interim occupancy is a temporary phase in the pre-construction buying process that comes just before final closing.

RECORD LOW RENT PRICES IN TORONTO CONTINUE TO DECLINE

By |July 20th, 2020|Buying, Financial, First-Time Buyer, Neighborhood, News, Real Estate Agent Toronto, Rental, Toronto Central, Toronto Condos, Toronto Developments, Toronto East End, Toronto Houses, Toronto Market, Toronto West End|

Low rent prices in Toronto continue to see a downward trend while average home prices hit an all-time high.

HIDDEN OR UNEXPECTED COSTS – FINANCIALLY PLANNING AS A FIRST-TIME HOME BUYER

By |July 14th, 2020|Buying, Financial, First-Time Buyer, Governments, News, Real Estate Agent Toronto, Toronto Central, Toronto Condos, Toronto Developments, Toronto Market|

Smart budgeting is imperative when you are looking to buy your first home. Planning ahead of time ensures that financial bumps will not detour your home ownership plans.

7 REASONS WHY HIRING A REAL ESTATE AGENT IS BENEFICIAL

By |July 7th, 2020|Buying, Featured Buying, Featured Investing, Featured Selling, First-Time Buyer, Investing, Landlords, Neighborhood, Real Estate Agent Toronto, Real Estate Tips, Selling, Staging, Toronto Central, Toronto Condos, Toronto East End, Toronto Houses, Uncategorized|

Buying or selling a home will be one of the biggest transactions of your life. With such an important transaction, there are many factors that need to be considered such as negotiations, price guidance, emotional help, etc., and this can be a long, complex and stressful process if you do not have the right guidance.

FIRST TIME HOME BUYER INCENTIVE – IS IT A GOOD DEAL?

By |June 18th, 2020|Buying, First-Time Buyer, Governments, News, Real Estate Agent Toronto, Real Estate Tips, Toronto Central, Toronto Condos, Toronto Developments, Toronto East End, Toronto Houses, Toronto Market, Toronto West End|

The First-Time Home Buyer Incentive is geared towards middle-class first-time home buyers. It is designed to help you buy a home and lower your monthly mortgage payments. It is a shared-equity mortgage with the government, meaning that the government shares in the upside and downside of the property value.

CMHC ANNOUNCES NEW INSURANCE CRITERIA FOR CANADIAN HOME BUYERS EFFECTIVE JULY 1, 2020

By |June 16th, 2020|Buying, Featured Buying, Featured Investing, Featured Selling, First-Time Buyer, News, Real Estate Agent Toronto, Real Estate Tips, Toronto Central, Toronto Condos, Toronto Developments, Toronto East End, Toronto Houses, Toronto Market, Toronto West End|

CMHC, Canada’s largest mortgage insurance company has announced a tighter mortgage borrowing criteria to begin on July 1, 2020.

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