February last year the housing market was sizzling hot! The housing market was appreciating so quickly that a correction was inevitable. In some areas house prices had increased by nearly 20% in the last 6 months in late 2021 – early 2022. Now, after nearly a year in correction territory everyone is wondering where we are going from here. All signs are pointing to a housing market heating up again even with higher interest rates. The signs are there. Already this month there have been multiple offers on houses and condos. If a property ticks all the boxes the property will most likely have multiple offers. Many buyers have adjusted to higher interest rates by setting there sites on a smaller property. A property that fits their affordability. This is an interesting read from Storeys that supports more buyers are prepping... View Article
These are the important questions for 2023! I was lucky enough this week to take part in a talk with Sherry Cooper who is a well respected economist in Canada. If you don’t know her click here. Sherry covered many topics ranging from interest rate hikes, the housing market, employment and immigration. Below I highlight some of the takeaways from the talk. Overall Sherry does not see a drop in interest rates this year. She does see an overall further decline in house prices but different communities in Toronto and the GTA will under perform or over perform the expected decline. Sherry does expect house prices to balance out as we move through 2023 and expects inventory to remain low (below average). I would like to note here that for January 2023 new listings year over year are down only 3.7%. Active listings... View Article
Last year 2 people impersonated a couple and sold their house in the GTA when they were out of the country! This couple profited from the sale and have disappeared, enjoying a life off of someone else’s lifetime investment. Click here to read the article. How could something like this happen? Well, Real Estate fraud is real and it happens more than is reported in the news. There are all types of fraud that deal with property and mortgages. Mortgage fraud is more prevalent than Real Estate fraud but it is important to understand your rights and how to prevent something like this from happening to you. The listing agent was convinced they were dealing with the rightful owners of the property because these 2 fraudsters were using fake identification and convinced the Realtor they were the owners of the property. There are many questions of how these... View Article
As a Realtor there are always challenges regarding properties especially properties that are over 100 years old. There are many things to be aware of and one of them is proper title for the property and access to the property. Right of Ways that are from 100 years ago can be a mirky layer of paper work that is not well documented and these errors usually start with the government and file keeping. If proper title cannot be substantiated it can put doubt in the value of a property. This includes access to a property. This can definitely affect the value of a house also. As a dedicated Realtor I consider these possibilities when I am assessing a property. At the end of the day I am not a lawyer who is responsible for proper Title before a property is... View Article
I am really happy to receive this. It has been a very busy year with a strong burst in the spring and a slowing finish towards the end of the year. Interest rates really do have an effect on the economy and the Realty market is no different. When interest rates go up client’s affordability goes down and if you already own and are on a variable mortgage with non-static payments these monthly fees definitely can have an impact on your wallet. In times like these look for the silver lining especially in the Realty market. It really can make a difference. My clients are proof of this. I would like to thank all my buyer and seller clients! I very much appreciate your trust in me and I work very hard to make sure you have the best representation!... View Article
The perfect pied-a-terre! Next to the St. Lawrence market. 1 parking space included! Completely renovated including a brand new kitchen! Good sized south facing balcony. A one-of-a-kind lobby; makes coming home everyday a pleasure. Enjoy a breathtaking view of the city from the roof top garden with 3 barbecue areas, exercise room on the 4th floor. Everything is at your doorstep!
A Bright, Chic And Modern 1+1 Bedroom Condo Unit Overlooking The Beautiful Rooftop Garden At Studio 2. This Open Concept Unit Has 9 Foot Ceilings, Built-In Meile Appliances, Laminate Flooring, Granite Counters, Dbl Door Walk-In Closet, Semi-Ensuite Washroom. Amenities: Gym, Sauna, Hot Tub, 4 Guest Suites, Billiard Room, Yoga & 24 Hrs Concierge. Location: Queen Street Shopping, Eaton’s Centre, Financial District, Entertainment District And So Much More!
September 14, 2022 7:59 amPublished by Stephen Pryce
Lovingly-Maintained House In The Heart Of Leslieville. Offers Anytime On This Turnkey Home With Tons Of Potential: The Sky Is The Limit. Updated Mechanicals, Plumbing And Electrical. Newly Renovated Custom Bathroom. Large Front And Back Yards With Established Gardens. High Ceiling Unfinished Basement With Ample Storage Makes For A Perfect Workshop, A Craftsperson’s Delight. Backyard Lane Access With Legal Parking. Steps To The North Is Vibrant Queen Street With Cafes, Restaurants And Nightlife, And A Few Minutes’ Bike Ride To The South Is The Wilderness Of Tommy Thompson Park. Easy Access To The Martin Goodman Trail, Cherry Beach, Ashbridge’s Bay Park (Walk To The Fireworks On Long Weekends) And The Beaches
Brownstones on Wallace; a great place for a growing family or a family just starting out. This 2+1 bedroom corner unit town is bright and roomy with an excellent terrace w/western exposure. Lots of light makes this condo town few and far between. A friendly community, close to Bloor street and the Toronto Rail Path. Trendy coffee shops a few minutes away. Up Express to Union in 15 min! All in all a fantastic home!
