Archive for Home Buying In Toronto

What is “Power of Sale” and What Does it Mean to Toronto Home Buyers?

The recent stormy financial atmosphere across Canada, including Ontario and Toronto, has led to an increase in homes sold by the bank, sold under what is called “Power of Sale”. Homes sold by the bank are typically ones in which the former homeowner unfortunately could not pay their mortgage.
The agreement may have a lot more [...]

July Toronto Real Estate Market Showing Signs Of A Traditional Summer (For A Change)

A combination of affordable mortgage rates and a plentiful real estate listing inventory make buying a Toronto house or condo now the best opportunity since March 2009.

What do first-time Toronto homebuyers want?

And the answer is: a lot, according to a new survey by TD Canada Trust. Toronto first-time buyers are looking for all of the extras like additional bedrooms and all of the nicest appliances, but they intend to stick around for a lot longer than first-time buyers have in previous years. Instead of moving repeatedly [...]

Buying Or Selling Real Estate In Toronto?

The past few weeks have seen a balanced real estate resale housing market in the Greater Toronto Area and much of Canada, which typically favours buyers. What does that mean, and why?
Sellers
Sellers may have to work a little bit harder in the coming weeks in order to give buyers what they want because of the [...]

Caveat Emptor – Buying A Toronto House Without A Home Inspection

When buying a Toronto resale home, it is imperative that a home inspection is conducted. A home inspection can also benefit the home seller by protecting them from legal troubles down the road. Remember though – don’t hire your cousin Fred – he doesn’t have errors and omissions insurance to protect you in case the inspector misses something!

Buyers NOW Face Mortgage Qualifying Restrictions When Purchasing Toronto Real Estate

As of Monday April 19, buyers of Toronto houses or condominiums will be faced with restrictions on the amount of money they may borrow.
Federal government lending guidelines dictate that purchasers who would like to have an adjustable rate mortgage OR any term shorter than five years (and be putting a down payment of less than [...]

Gorgeous Toronto Harbourfront Condo Has Lovely Lake View

Have you ever considered condo living at Toronto’s Harbourfront?  It is a terrific lifestyle with the water and the city so close on either side.
This particular condo is at the ‘quiet’ end of Queens Quay, just east of Bathurst and the suite has a south-west view of sailboats on the lake.
Designed as a spacious, 763 sf one [...]

What Buyers And Sellers Need To Know About Homes With Oil Heating

Many Ontario homes use fuel oil when propane and natural gas are not viable options for heating in the area. These homes will normally have an oil tank somewhere on the property, and when preparing to sell your home it’s a wise investment to have the tank inspected and to know how old it is. 
An [...]

February 2010 Toronto Real Estate Board Statistics Predict A Record Month For Sales

Toronto Real Estate Board stats indicate a robust start to 2010 with condos and houses selling quickly and for slightly higher prices – often with multiple offers to the infinite pleasure of sellers and to the everlasting chagrin of buyers.

Here’s proof that renting in Toronto is better than buying… NOT!

Every once in a while we run into someone who says “I am going to wait for prices to drop”.
Last year one of our 2002 Buyer Workshop graduates called us to inquire about how the market was.
We told him the market was at the bottom and now was the time he had been waiting for.
Unfortunately, [...]