Toronto Real Estate Market Report – January 2023

The new year always starts with excitement and curiosity regarding the real estate market. It’s common to see a boost in activity and buyer enthusiasm at this time of year. The rare exception was January of 2023 when we saw very few listings and a delayed “spring” market starting in late March. January 2024 has […]

Read More

Toronto Real Estate Market Report – September 2023

Toronto Real Estate Market Report – September 2023

September will be marked in our minds as the Fall That Failed To Launch. Usually, the Fall market is busy, seeing several great homes come to market and a flurry of buyer activity. It historically comes in second place to the Spring market each year, but it’s typically a robust marketplace. This Fall is a different story. There were many fewer houses that came to MLS. A flood of investor-owned condos is hitting the market; we’re waiting to see where those land in terms of prices. Those sellers will have to soften their views of value and take what they can if they must sell.

Read More

Should You Buy a Home in Toronto with a Basement Apartment? Positives and Negatives.

Toronto Homes With A Basement Apartment

There has been a lot of discussion in recent years about the need for more housing in the core of our city. There has been a recent proposal to allow single-family zoning properties to be converted into four units or multi-plexes. We certainly needed municipal zoning that permits more flexibility for those wishing to move to Toronto or grow a family. As it stands, the newer rental apartments are actually condos that developments invested in and mom-and-pop investors purchased to become landlords. This has partly driven up the cost of living in Toronto.

Read More

Should I Buy an Investment Property in Toronto in 2022?

Should I Buy an Investment Property in Toronto in 2022?

Warren Buffet loves quoting a long-held investment adage: when there is blood in the streets, that’s the time to buy. Don’t get us wrong; this is clearly not a literal statement. Warren Buffet was getting at that when people are not inclined to purchase for myriad reasons, and they are distracted from the real opportunities available to invest in. Toronto’s real estate market is going through its challenges right now. Housing prices are down, condo prices have softened, and rents are up, primarily thanks to interest rates climbing.

Read More

Guide to Buying and Selling Real Estate With Kids

Guide to Buying and Selling Real Estate With Kids

Do you think Toronto real estate is expensive now? Wait until your kids are grown up and returning from university. Historically speaking, Toronto’s values have doubled every 12 years. Don’t believe us; look at New York City’s real estate prices…we have always been approximately 19 years behind them in values. Manhatten is unattainable for the average person worker. These seemingly impossible values are coming to our city. Whether we like it or not, it’s a likely reality. Investing in real estate now is key to a secure future.

Read More

Toronto’s Most Undervalued Condo Buildings

Toronto’s Most Undervalued Condos
Toronto’s condo market has been on an upwards trend for many years now. When we first got into the business over 15 years ago, the average, you could get an excellent quality condo in a great neighbourhood for $250/square foot. Toronto now sees more than $1000/square foot for an average condo. Most of the more popular condos sell for over $1250/square foot. In contrast, the most luxurious condo developments in the most expensive parts of Toronto can see well over $2500/square foot.

Read More