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

By: Thomas Cook

Canadian Real Estate Association Updates Forecast

Canadian Real Estate Association Updates Forecast

The Canadian Real Estate Association has updated its forecast for the remainder of 2017 moving into 2018.   Across Canada, the Canadian Real Estate Association forecasts sales to decline by 3 per cent, to 518,700 units for 2017, but this is similar to what was previously forecast with increases in Ontario offsetting decreases in British Columbia, which is expected to see the largest decrease in sales for 2017.   Due to supply shortages, Ontario’s home sales are expected to increase by under 1%, while Alberta is forecast to see the biggest increase in sales activity.   The average price for a home in Canada is expected to increase by 4.8 per cent to $513,500 this year,&nb...Read More

By: Thomas Cook

Will Ontario Implement A Foreign Buyer Tax?

Will Ontario Implement A Foreign Buyer Tax?

In early March, the Ontario Finance Minister said that one of the options for next steps in cooling the housing market in the province could be a foreign buyer tax, similar to the 15 per cent tax that was enacted in Vancouver.   Last year, he said that Ontario would not be following Vancouver’s lead.   “When the idea of introducing a foreign buyer tax in Ontario surfaced last year, TREB cautioned it would be a knee-jerk reaction before knowing whether a problem existed,” said the president of the Toronto Real Estate Board, Larry Cerqua, in a press release. “There was little in the way of reliable data on the issue. To better understand the foreign buyer issu...Read More

By: Thomas Cook

Here's The FREE Stuff You Can Get From Us

Here's The FREE Stuff You Can Get From Us

Helping Toronto Home Buyers Achieve Their Goals Since 1980   Sometimes people start thinking about buying real estate years ahead and others jump right in and purchase a new condo or house in just a few months.  Either way, it makes sense to spend some time learning the right way to buy and avoiding making costly mistakes on one of the biggest purchases of their life.   Our Home Buyer University has created several ways for you to improve your knowledge about the home buying process and how Toronto’s real estate market works right now.   Enroll in as many of these options as you’d like and be all set to go when the time is right for you.   Perfect If You...Read More

By: Thomas Cook

Average Toronto Detached House Price Up 92% In Last 5 Years

Average Toronto Detached House Price Up 92% In Last 5 Years

Sales were up dramatically for February compared to last year with 8,014 houses and condominiums changing hands in all the districts. Sales were actually up 23% above the last 6 -year monthly average.   Condo townhouse and high-rise suites took a 36% share of the market with 2,906 units being sold.  This percentage of the overall market is a new record for February.   The February average sale price for all GTA homes came in at a record breaking $875,983 – a significant 27.7% 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...Read More

By: Thomas Cook

Canadian Home Sales Down From December, Up From A Year Ago

Canadian Home Sales Down From December, Up From A Year Ago

According to the Canadian Real Estate Association, home sales across Canada decreased by 1.3 per cent from December to January, but were up by 1.9 per cent over January last year.   “Canadian homebuyers face some challenges this year, including new mortgage rules that make it harder to qualify for a mortgage and regulator changes that will push up mortgage financing costs,” said the president of the Canadian Real Estate Association, Cliff Iverson. “It will take some time to gauge the extent to which these challenges will weigh on home buyers in different housing markets across Canada. All real estate is local, and Realtors remain your best source for information about ...Read More