By: Thomas Cook

Toronto Home Prices Increase 12 Per Cent In First 14 Days Of January 2014

Toronto real estate transactions through the Toronto MLS Listings dropped slightly from 1,396 to 1,287 during the first two weeks of January 2014 compared to the same time period in 2013, but new listings were also down by 20 per cent. The average selling price for homes sold through the Toronto MLS Listings is now $515,990, up 12 per cent from the first 14 days of January in 2013. Dianne Usher, the president of the Toronto Real Estate Board, said: "The expectation is that home sales through the Toronto MLS System will be up in 2014. This is because the cost of purchasing an average priced home, including mortgage payments, property taxes and utilities, will remain affor...Read More

By: Thomas Cook

2013 Toronto real estate sales were 4th best ever in MLS history

Sales were about average for December with 4,078 houses and condominiums changing hands in all the districts. Condo townhouses and high-rise suites increased their share of the market slightly to 34% with 1,251 units changing hands. The December average sale price for all GTA homes came in at $520,398– up 8.7% from 2012. I’ll show you a graph of the average sale prices over the past several years in just a moment. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market is going to be. We had an almost 19% decline in inventory for the month of December compared to historical numbers and lower by 14% from last year at th...Read More

By: Thomas Cook

Toronto Real Estate Board Calls On City Of Toronto To Repeal Land Transfer Tax After Budget Review

The Toronto Real Estate Board has again called on the City of Toronto's Budget Committee to repeal the Toronto Land Transfer Tax, calling it the "Toronto Home Buying Tax", in a press release after the Budget Committee finished its review of the 2014 Budget in early January. The Toronto Land Transfer Tax can increase the cost of buying a home by thousands of dollars, and could be putting off some first time buyers' plans to purchase a home in the city. "The Home Buying Tax hurts people when they can least afford it. It penalizes people like growing families or retirees. City Council should do its part in keeping Toronto affordable by providing relief from th...Read More

By: Thomas Cook

It’s Never Too Late To Make Better Choices

If you have known me for any amount of time, you’re well aware that I consider the quality of one’s life pretty important. I believe that time is precious, that friends and family matter much more than wealth or riches. It’s nice to create comfort in your life, but you can’t buy happiness. Having a bunch of “stuff” doesn’t mean having a higher quality of life, necessarily. But people choose to pursue happiness in different ways. The way I pursue it might be different than the way you choose to pursue it. That’s OK. What’s important to remember is that you choose to pursue it. You have a choice. If you think about it, your li...Read More