Category: Real Estate
There is definitely a correlation between the temperature of the weather and the rental market in Canada and the USA. The hotter the temperature, the higher and more demand there is for rental units in the cities.Read More
There was a time when I told my clients that mortgage rates were at historical lows when rates...Read More
When describing the Toronto Real Estate market, I’ve often used the analogy that purchasing a residential property here is like eBay: When a seller lists their item for $1, they get more offers, sell at a higher price in a shorter amount of time than if they listed it at the price they would like to actually sell it at.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
Buying and selling a property in the GTA now just like eBay: you get more money when you price something for $1 to get multiple offers vs. pricing it close to price you actually want to sell it for. In Toronto, you get more money when you price a condo for $499k or house $999k…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