TIPS FOR MAXIMIZING YOUR HOME’S MARKET APPEAL DURING THE SPRING
If you’re planning to sell your home, it’s essential to ensure that it’s in top-notch shape before listing it on the market. By taking some simple steps, you can make your home more appealing to potential buyers and increase your chances of a quick and successful sale. As we head into the spring homebuying season, […]
CANADA PERMITS 30-YEAR MORTGAGE AMORTIZATION FOR FIRST-TIME BUYERS’ NEW HOMES
The Canadian government has recently announced a decision that is expected to benefit first-time homebuyers looking to purchase newly built homes. The government has extended the maximum amortization period on insured mortgages from 25 to 30 years for those whose down payment is less than 20% of the home price. This move is intended to […]
A PROGRESSIVE MARCH: WHAT’S HAPPENING IN THE MARKET?
The latest report on March 2024 home sales through TRREB’s MLS® System shows steady progress in the real estate market despite the lower sales compared to March 2023. One of the contributing factors to this decline is the statutory holiday Good Friday, which fell in March this year instead of April last year. However, there […]
EVERYTHING YOU NEED TO KNOW TO BUY A HOME THIS SPRING
If you’ve been waiting for the spring selling season to kick off your home, this busy real estate season has arrived. Many homebuyers are in the market for a new home in the spring because it aligns with the current school year’s end and allows you to settle in a new home over the summer […]
WHAT SIZE YARD IS RIGHT FOR YOUR FAMILY?
When you’re in the market for a new home and you have kids, it’s essential to consider the size of the yard along with the size of the house. A spacious yard can give your family plenty of opportunities to spend time outdoors, play games, and host picnics, and barbecues. Here are some tips that […]
A FEBRUARY RESET: WHAT’S HAPPENING IN THE MARKET?
The Greater Toronto Area (GTA) housing market experienced an increase in sales and new listings on an annual and monthly basis in February 2024, along with a rise in selling prices. This can be attributed to the region’s population growth and resilient economy, which have continued to support the demand for housing. Despite higher borrowing […]
TORONTO’S VACANT HOME TAX (VHT) DECLARATION DEADLINE IS FAST APPROACHING
Homeowners in Toronto are reminded to submit their 2023 occupancy status by February 29th. If you fail to submit a declaration of occupancy status by the deadline, your property will be considered vacant and subject to the Vacant Home Tax. Starting from January 1, 2024, a fee of $21.24 will be charged for not submitting […]
JANUARY’S POSITIVE ADJUSTMENT: WHAT’S HAPPENING IN THE MARKET?
The report on the housing market in January 2024 shows a positive start, with an annual increase in home sales as compared to January 2023. This increase is great news for homebuyers as the lower borrowing costs associated with fixed-rate mortgage products made it possible for them to own a home. Although the new listings […]
HOW LOCAL BUILDING CODES CAN AFFECT YOUR RENOVATION PLANS
If you’re planning to renovate your home, it’s essential to understand the local building codes and ensure that your plans comply with those regulations. These codes may restrict the scope of your project or demand you to upgrade your property. By researching these requirements early on, you can avoid unexpected delays and budget overruns, which […]
A CHALLENGING 2023: A YEARS END, WHAT HAPPENED IN THE MARKET?
It’s been a tough year for many households seeking to purchase a home in the Greater Toronto Area (GTA). With high mortgage rates and less than 70,000 home sales in 2023, the dream of home ownership seems unattainable for many. However, we understand the importance of having a stable and affordable place to live, especially […]