For many (myself included), Google is now The Oracle for all questions great and small. I Most...Read More
If you’re having trouble buying a Toronto condo with an average sales price of $612,341 , then would you consider buying a Digital House for that price range? Let’s just move just beyond the traditional real estate market here, as I am sure you’re just as fatigued as I am about hearing the same news about this crazy market week after week since 2021 started.Read More
second family room & games from, etc.) in Vancouver for about $200k. The average Canadian household income in 1988 was $56,366 . Hence, my parents’ house in 1988 would cost 3.5% of a regular family income.
In 2021, these houses in the same subdivision are well over $2M, and the Canadian household income today is approximately $90k.  Hence, that same house in 2021 would cost well over 22.2% of a regular family income.Read More
When I left architecture to pursue a real estate career back in 2006, for $400K USD, you could buy a condo in Manhattan or a house in Toronto and Vancouver. If you fast forward to today, that condo in Manhattan is now $700-800K and that house in Toronto and Vancouver is now $1.5-2M.Read More
Rural prices have increased $100,000 over the past 3 months resulting in places like Barrie ON averaging $700k now. When you’re a young professional who has been living with roommates on Bay Street who can work remotely and the most you can buy is a 1br plus den under 700sf for $700k, it makes sense to fulfill the dream of homeownership outside the city.Read More
For the past couple weeks, my fellow Realtors and I were faced with multiple offers from as little as 2 to as many as 32 (for real!). With our buyer clients, we have been on the edge of our seats hoping we will not get yet another notification that an offer has been registered. With our seller clients, even we were shocked with the amount of (bully) offers on re-listed properties that did not sell last year.Read More
Here’s a true story of a tale of two couples I am working with right now actively looking to buy a home in Toronto. Both sets of buyers are highly qualified: Young professionals with good jobs who saved money to buy their first home with savvy parents who are chipping in so that it will be a 50% down payment to secure them a good home and ensure a lower monthly mortgage payment.
So what is the only difference between both parties?
One couple is looking for a condo, while the other is looking for a house (detached or semi attached house). And here is a glimpse of their journey in finding a home to buy in Toronto.Read More