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Downtown Toronto Lifestyle and Market News
3 Things You Absolutely Need To Be A Successful Buyer
Cash, Cash, Cash… You’ll definitely need the big bucks to buy a house or condo in Toronto. For purchases up to $500,000, you’ll need a minimum of 5% down payment and for purchases between $500K and $1,000,000 you’ll need a minimum of 7% down. Closing costs are over and above that. When asked by a b...
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BIG Drop In The June Market Stats
Sales were down 37.4% for June compared to last year with 7,974 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suites took a bigger 37.6% share of the market with 3,000 units being sold. The June average sale price for all GTA homes came in at $793,915 – a still significant but much mo...
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Why Meet With An Agent Before Starting Your Home Search?
One of the things that most agents do when you first contact them is to ask you a few questions over the telephone such as what are you looking for, how many bedrooms and bathrooms and what neighbourhoods were you thinking of? Then they will just throw you in their car, take you around and tour you through a bunch of homes. More often ...
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3 Improvements NOT To Do Before Selling Your Home
It’s tempting… install new hardwood floors, add in a new granite countertop, build in new closet organizers, hang new window coverings… all the things you’ve always wanted to do to your suite. A typical buyer often has three problems when it comes to doing renovations, and this especially applies to first-time buyers who ...
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Get Some Timeline Guidance
Actually, it’s never too early to start thinking about how much of a mortgage you might qualify for. Many people start looking at condos or houses online or at open houses 6-18 months ahead of when they’re thinking they might buy. Having a realistic figure in mind about how large of a mortgage you could get approved for wi...
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Some Relief From April’s Market Madness
Sales were down 20% for May compared to last year with 10,196 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suites took a bigger 35% share of the market with 3,565 units being sold… just 120 fewer sales than in April. The May average sale price for all GTA homes came in at $8...
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What Condo Features Should You Consider When Buying?
(Layout, light, view, balcony, parking/locker, any upgrades necessary, % of tenants vs owners, bldg security, bldg amenities) Buying a condo suite in a low- or high-rise building has some similarities and some differences to buying a house. You’re not concerned directly with some of the physical attributes of the building such as...
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Successful Ways To Avoid Dreadful Scarcity Thinking
This is a BIG one… getting rid of the accumulation of years of stuff! Sometimes it is piles of books, newspapers and other paraphernalia that have built stacks and other times it is extra furniture or kids toys that have grown in numbers. Either way, the goal is to slim down, dispose of LOTS of stuff and put items into storage that yo...
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Toronto’s market did a hiccup mid-month
Sales were down slightly for April compared to last year with 11,630 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suites took a 32.4% share of the market with 3,768 units being sold… a highest-ever number for any April. The April average sale price for all GTA homes came in at a record b...
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Reduce Your Risk Of Indoor Air Pollution
“I need some fresh air” – it’s not just something people say when they want to get away for a few minutes. While indoor air can be just plain stale, it can also habour pollutants and other contaminants that can affect your health. And as we head into those hot summer months, those of us who are energy-conscious will be seali...
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