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Hot New Listings
Snazzy Updated Suite In An Iconic Building, Minutes From The Lake
1 + 1 Bed 1 Bath
$509,800
21 Iceboat Terrace, Suite 723
Well maintained and cared for 2 storey semi-detached house steps from the lively Danforth stretch
3 Bed 2 Bath
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RE/MAX HALLMARK REALTY LTD., BROKERAGE
2+1 Bed / 1 Bath
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4 Bed / 4 Bath
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Downtown Toronto Lifestyle and Market News
Market is ready to break out this fall
Sales were up 8.5% for August compared to last year with 6,839 houses and condominiums changing hands in all the districts. This was the 2nd lowest number of sales for the month since August 2012. Condo townhouse and high-rise suites took a significant 37.1% share of the market with 2,540 units being sold. The August average sale price for ...
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Protect Your Family With Mortgage Life Insurance
Sometimes we’re quite laissez-faire about making sure we’re protected in case of the death of ourselves or a family member. I’ve had a situation where a father and son bought a rental property together with the son living in one of the units. The father made sure he was insured but, because he thought his son would ou...
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What's Most Important For You... Price Location Or Condition?
There are only three prime determinations for real estate value - price, location and condition. When you’re beginning to consider buying a home, one of the first things to find out is how much you can afford to pay. For most people this involves going to a bank or mortgage broker to get pre-qualified for a mortgage. ...
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5 Best Ways To Absolutely Ensure Your Tenanted Condo Suite Sells
Owners of investment condos in Toronto have had to have patience for values to improve but perhaps that time has finally come. Of course you’ve had to deal with several tenants over the period of your ownership and are probably now very familiar with Ontario tenancy laws regarding providing vacant possession of a condo suite. &n...
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Finally... An uptick in sales and average sales price
Sales were up 19% for July compared to last year with 6,961 houses and condominiums changing hands in all the districts. This was the 2nd lowest number of sales for the month since July 2010. Condo townhouse and high-rise suites took a significant 36.3% share of the market with 2,537 units being sold. The July average sale price for all GTA...
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Bridge Financing – A Solution When Buy And Sell Dates Don’t Match Up
BRIDGE FINANCING – A SOLUTION WHEN BUY AND SELL DATES DON’T MATCH UP If you want to sell your current home and use the proceeds as a down payment on a different property, what do you do if the closing dates don’t fall on the same day? More to the point, what do you do if you must close on your new home before you sell the o...
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How Much Are The ‘Hidden Costs’ Associated With Buying A Condo?
How Much Are The ‘Hidden Costs’ Associated With Buying A Condo? OK, you’ve got a down payment saved BUT did you know that there are significant costs associated with purchasing a house or condo? So you not only need to have funds set aside for your down payment - a minimum of 5% of the purchase pr...
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Condo Sales Get The Most Year-Over-Year Appreciation
Sales were up 2.4% for June compared to last year with 8,082 houses and condominiums changing hands in all the districts. This was the 2nd lowest number of sales for the month since June 2003. Condo townhouse and high-rise suites took a high 35.4% share of the market with 2,864 units being sold. The June average sale price for all GTA homes...
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How To Avoid An Upcoming Showing Meltdown
HOW TO AVOID AN UPCOMING SHOWING MELTDOWN What do you do when your Realtor calls and wants to show your condo in say, ½ an hour? I guarantee that this will happen and, of course, we always want to accommodate serious showings don’t we? Jump for joy first, since someone wants to look at YOUR home, right? Then, panic....
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Variable Rate Versus Fixed Rate Mortgages
VARIABLE RATE VERSUS FIXED-RATE MORTGAGES There are two major types of mortgages offered to buyers in Canada. The most common is the fixed-rate mortgage which has an interest rate that does not change over the term of the mortgage… typically one to five years. A fixed-rate mortgage offers security to the buyer bec...
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