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What Happens When Government Manipulates and Distorts Real Estate Market

Tuesday Dec 11th, 2018

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The crazy rise in house prices across southern Ontario (which should have been taken care of then) in 2016-17 was a big money maker for the government. The Public Accounts show the province earned $2.73 billion in land transfer tax, a 29 per cent jump from 2015. Province was projecting even more land transfer tax 2017-2018, close to $3.14 billion, but due to new regulations RE Market screeched to a halt. As of today Real estate slowdown costs Toronto nearly $100-million, and it could cost... [read more]

Don't Wait - Now is a Great Time to Buy Real Estate

Thursday Jun 22nd, 2017

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The market is shifting with the influx of listings across Greater Toronto Area. Buyers have more options due to the increased inventory. Multiple offers are no longer the norm. So far in June, the increase in new listings is more of a swell than the surge that it was in May. It's inevitable, listings arrive on the market because people have to move for all of the usual reasons: new children arrive, jobs shift, couples get married or divorced. The fall market could be similar to that of... [read more]

MARKET STATISTICS - FEBRUARY 2017

Friday Mar 3rd, 2017

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  Curious what your home is worth today? You should be. In some areas of Toronto home prices jumped $100,000 just in a month of February. Now it's a great time to cash in and downsize living mortgage-free. Call me to discuss options. The average price of homes sold in the Greater Toronto Area last month soared 27.7 per cent compared with a year ago, the city's real estate board said Friday. The number of properties sold rose 5.7 per cent from February 2016, even though... [read more]

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