The number of Zoomers choosing to downsize from their current homes to a more manageably sized one is on the rise. Many say continuing to maintain a large family home can be difficult –  both physically and financially. Zoomers moving have so many options — from buying another house or condominium to moving into a rental accommodation, independent living community or continuing care retirement community.   Some of the advantages to downsizing may... [read more]

                                      Happy 2022 or is it 2020 two? Once again we start the year with an abundant amount of buyers, mixing with scarce listings driving prices sky high. Deja Vu? Interest rates appear to be on the upward trend in the future as the economy continues to perform well and inflation continues to remain above the... [read more]

MARKET OUTLOOK 2020     ONTARIO Toronto is set to experience a strong housing market in 2020. Lower unemployment rates, economic growth and improved overall affordability in the Greater Toronto Area are expected to drive the market forward. The estimated average sale price increase for 2020 is six percent, two points higher than the growth experienced between 2018 ($736,256) and 2019 ($766,236). The city saw 76,413 properties sold in 2019, up 12 percent from 2018... [read more]

  The Spring Market Trends survey conducted by Leger found more than one in four Canadian homebuyers report feeling pinched by the stress test, which came into effect in January of this year. However, projections for the spring market show optimism with most markets expected to remain stable or improve. Despite all of the factors involved, the spring market across most of the country is forecasted to strengthen as we head into the warmer months. Supply is still low in many markets,... [read more]

Buying a new construction home, whether a condo, townhouse or detached is a bit different then buying a resale. 10 Mistakes to watch when buying a new build in Toronto:  Mistake #1: They fall in love with the model home Most people fall in love with the model, but you have to realize that everything you see in that model home is often an upgrade.  Upgrades are a major portion of a builder’s 10% to 20% profit margin. Mistake #2: They trust the floor plan Condo... [read more]