It is well known that human beings are always thinking about what is going to happen in their future. Predicting things to one's liking is nearly always the case, even though the evidence is contrary. In the same way, it was mostly predicted that the housing market in Canada will fall to its knees ever since the world has experienced an economic slowdown like no other during 2020. This prediction did correlate with the COVID-19 pandemic that had changed the work lifestyles like never... [read more]

A Sigh of Relief for the First-Time Condo Buyers in Toronto COVID-19 has taken a toll on all our life, beginning from work to future planning. The pandemic has posed a challenge in the sector of real estate, including condos and lofts for sale. Bringing up the prices or dramatically decreasing the mortgage rates has brought in both opportunities and challenges, especially for the first-time home buyers. As the pandemic situation is getting stabilized, considering the financial... [read more]

Toronto may finally be cracking down on real estate speculators who invest in multiple properties and leave them unoccupied, while residents struggle to find affordable housing. On July 15, 2021, Toronto City Council has approved a plan to implement an Empty Homes Tax as of January 1, 2022. While the exact details of the plan will be revealed later this year, the proposed tax is modeled after the “empty homes tax” already implemented in the City of Vancouver. Since 2017, vacant... [read more]

Many would-be homeowners lose their dream properties due to savage bidding wars. bidding wars may offer sellers a great chance to have their pick, but they are no fun for buyers; think frustration, stress, and the possibility of paying more for a property than it is worth! If you are planning to buy this year, you will inevitably face multiple offers when bidding on Toronto condos. Here are my top tips for coming out of a bidding war victorious. Reduce Your Offer Conditions Real... [read more]

Toronto may finally be cracking down on real estate speculators who invest in multiple properties and leave them unoccupied, while residents struggle to find affordable housing. On July 15, 2021, Toronto City Council has approved a plan to implement an Empty Homes Tax as of January 1, 2022. While the exact details of the plan will be revealed later this year, the proposed tax is modeled after the “empty homes tax” already implemented in the City of Vancouver. Since 2017, vacant... [read more]