Toronto’s housing market just had a record year for sales, with prices surging almost 10%

TORONTO — The Toronto Real Estate Board says that 2015 was a record sales year for its members. The number of sales last year through TREB realtors totalled 101,299 — up 9.2 per cent from 2014. It says the Toronto-area had 4,945 residential sales last month, the second-highest on record for a December. The 2015… Read More »

BREAKING NEWS!!! Change in Downpayment Requirements!!!

Today Finance minister Bill Moreau announced changes to the minimum down payment for insured mortgages: Effective February 15, 2016, the minimum down payment for new insured mortgages will increase from 5 per cent to 10 per cent for the portion of the house price above $500,000. The 5 per cent minimum down payment for properties… Read More »

Seven mistakes Millennials make when buying real estate

Danielle Kubes, Special to Financial Post | March 25, 2015 9:59 AM ET You’ve cut back on lattes, taken a soul-crushing job on Burrard Street or 2nd Street SW, and borrowed from mom and dad. Congrats! You’re ready to put down a chunk of cash to cover the 20% downpayment on a property. But don’t… Read More »

Homes in GTA See Big Price Gain

Average prices for a single detached home in these high-end areas are up a whopping 12.7 per cent from last year Toronto has another $1 million neighbourhood. The average price for single detached homes in Don Mills, Parkwoods-Donalda, and Victoria Village rose to $1.1 million in the first six months of 2013, a report by… Read More »

Toronto Real Estate: New condo buyers could face big bills at move-in time

Plan to double fees for condo construction in the City of Toronto likely to be downloaded onto buyers. Thousands of people who’ve bought pre-construction condos in the City of Toronto over the last two years or so could find themselves faced with an unexpected extra bill when it eventually comes time to move in. If… Read More »

Will Realtors and Mortgage Brokers Ever Agree???

Brokers and Realtors are divided once again, this time over what if any impact a new plan to reduce Toronto’s land transfer tax will have on an idle real estate market. ”I don’t think it would have any effect in terms of getting people to buy,” Darin Bauer, with Mortgage Intelligence in Toronto. “Cutting the… Read More »

The Most Important Part to Buying a Home

If you were taking a home buying class, this would be the first thing you talk about. Basically real estate 101, getting pre-approved. It may seem simple, yet many potential buyers are making a huge mistake by either neglecting this step or only getting pre-qualified, which is much more watered down version. Failure to get… Read More »

First-time buyers are back after 2012 slump in sales

Strong start to 2013 providing hope that the overheated GTA housing market isn’t headed for a crash. By: Susan Pigg Business Reporter, Published on Tue Feb 05 2013 Just a few weeks ago, the house on East York’s Marlow Ave. would have looked like a simple starter home — two bedrooms and two bathrooms crammed… Read More »

Real Estate Technology

  Recently, Will Mansour was interviewed by the CANADIAN REAL ESTATE magazine for his extensive knowledge on the use of Technology to market real estate. Click the magazine cover above for the full article. Please feel free to contact Will directly if you have any questions regarding this article and how he can use technology… Read More »

The worst is over

After months of turmoil, the worst of the financial crisis is over — unless governments decide to mess it up Mark Mullins, Financial Post Published: Tuesday, November 18, 2008  It seems that the financial panic is over. Stock markets are finding a floor, inter-bank credit is thawing, medium-term leading indicators are improving and all of… Read More »