By: Thomas Cook

Some Relief From April’s Market Madness

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 $863,910 – a still significant but more moderate 14.8% higher than last year.   Because of higher prices for semi and detached houses, sales and competition for condo suites has now brought the high-rise market into extremely high demand.   The active listing inventory is one of the strongest indicators of how smooth or outrageous the...Read More

By: Thomas Cook

What Condo Features Should You Consider When Buying?

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 the age of the roof and furnace or is there water leaking though the foundation into the basement.   Typically a buyer is more concerned with the interior of the suite and the building’s amenities and security.  You do want to know about the physical state of the building from an analysis of the Reserve Fund Study which comes with ...Read More

By: Thomas Cook

Successful Ways To Avoid Dreadful Scarcity Thinking

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 you will want in your new home.   By creating more ‘space’ you’ll be making your condo suite seem larger than it might be and larger sells.  You will also have eliminated a lot of your personal things making it more attractive to the buyer. Many folks find it easier to begin with clearing out their condo locker, an area ...Read More

By: Thomas Cook

Toronto’s market did a hiccup mid-month

<strong>Toronto’s market did a hiccup mid-month</strong>

  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 breaking $920,791 – a significant 24.5% higher than last year. Interestingly, sales and competition for condo suites has now brought the high-rise market into extremely high demand. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market has been.  We had a 29% decline in inventory for the ...Read More

By: Thomas Cook

Reduce Your Risk Of Indoor Air Pollution

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 sealing up our homes tightly to ensure our air conditioning runs as efficiently as possible – keeping even more indoor air pollution trapped inside.   Proper insulation   Ensuring your home is properly insulated goes a long way to conserving energy. Insulation, when installed properly, keeps your home warm in the winter and cool in the s...Read More

By: Thomas Cook

Empty Nest But Not Ready To Downsize?

Empty Nest But Not Ready To Downsize?

When the kids have moved out, downsizing your home can seem like the next obvious step – after all, you have a lot of extra space and empty rooms, and a smaller space might seem more ideal or manageable. But in today’s very hot Toronto real estate market, downsizing is not within reach for everyone, especially if you want to remain in the same part of the city you currently live in. If putting off downsizing seems like a better option at the moment, here are some ideas for what you can do with those empty rooms:   Hobby/Game Rooms   No matter what your favourite hobby is, now you have the space to store all of it. Declutter your other rooms by creating a special hobby r...Read More

By: Thomas Cook

How To Find The Right Neighbourhood For Your Family

How To Find The Right Neighbourhood For Your Family

  Moving to a new home isn’t just about buying the home itself, how many rooms it has, how big it is, or whether it has the features you’re looking for. The neighbourhood itself is a huge factor in deciding where to live and determining whether you’ve really found the home of your dreams – or not. So how can you get a good feel for whether the neighbourhood fits before you buy?   Visit frequently   Almost any neighbourhood looks great on a Saturday morning – things are quiet, bright, and people might be out and about or children might be playing outside. But what about at night? Or on a busy weekday afternoon? Try to visit your potential neighbou...Read More

By: Thomas Cook

Absolutely Amazing 33% Price Increase Since Last Year

Absolutely Amazing 33% Price Increase Since Last Year

Sales were up dramatically for March compared to last year with 12,077 houses and condominiums changing hands in all the districts. Sales were actually up almost 18% above March of 2016. Condo townhouse and high-rise suites took a 33.5% share of the market with 4,050 units being sold… a highest-ever number for any March. The March average sale price for all GTA homes came in at a record breaking $916,567 – a significant 33.2% higher than last year. Interestingly, sales and competition for condo suites has now brought the high-rise market into extremely high demand. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market has been...Read More

By: Thomas Cook

How to Decide If Your Dream Home is a Good Deal

How to Decide If Your Dream Home is a Good Deal

It’s an amazing neighbourhood, the price is right, but is the house your dream home? That’s the ultimate question and there’s no one correct answer or even a single way to determine that. Ultimately, a mix of listening to your emotions and turning to the facts will help you paint a clear picture of what life would be like in this new condo or house. Below are a few tips for determining if the home you really like is the one that you’ll love forever. Listen to Yourself—Literally The way you react when you see and walk through the home is an important indicator of how you feel about the home. Most buyers know that a condo or house is a good fit ...Read More

By: Thomas Cook

Closing Costs And Buying A Toronto Home

Closing Costs And Buying A Toronto Home

Purchasing a new home is not as simple as finding a home, paying for it, and taking ownership. There are a number of different costs associated with purchasing a home which need to be paid up front and can’t be financed, and these are called closing costs.   What counts as a closing cost?   Anything that is not included in the purchase price of the home itself (covered by your mortgage) is considered a closing cost. The general rule is any home buyer should budget approximately three per cent of the home’s purchase price for closing costs, which can include:   Moving: Whether you have to rent a moving truck to move on your own or hire movers, the process of moving ...Read More