October stats pointing to stronger market conditions in the GTA Summaries provided by Royal LePage Real Estate Services Ltd., Brokerage Residential sales showed an above-average unit sales increase between September and October 2017 of almost 12%. Condominiums were a key driver of both this increased number of sales and an overall 2.3% increase in selling … » Read More about Monthly Market Update – October 2017
Archives for 2017
Interest rates rise for the first time in 7 years
The Big Five Follow Suit It’s been two weeks since The Bank of Canada raised their interest rate for the first time in seven years, to 0.75%. The increase has been a long time coming, and the Canada’s Big Five [banks] have already followed suit, raising their prime rates and affecting a number of … » Read More about Interest rates rise for the first time in 7 years
Understanding the Ontario 15% Non-Resident Speculation Tax
The New Tax Ever since Vancouver’s real estate market cooled following the introduction of a Foreign Buyer’s Tax, Torontonian’s have been wondering whether a similar tax will be implemented in Toronto. Late April, it was announced that Toronto will indeed be getting their very own Non-Resident Speculation Tax. So, what does this mean, who … » Read More about Understanding the Ontario 15% Non-Resident Speculation Tax
Monthly Market Update – May 2017
Values Are Up…Again Sales are up an astonishing 24.5% from last April in the GTA, increasing the average price of a detached home in Toronto to $1,578,542. We’ve been seeing this constant increase in freehold properties for over a year now, however a relatively new change in the numbers is seen by Condo Apartments. Although condo property values have … » Read More about Monthly Market Update – May 2017
Your Spring Checklist
Spring is here and it’s time for all of us venture outside again. A quick look around your home will save you future heartache and save you money. Chimneys If you have a masonry chimney, check the joints between the bricks or stones. Have any fallen out? Is there vegetation growing out of them? Each … » Read More about Your Spring Checklist
