Buying Vs Renting: What to Consider When Deciding Between Homeownership and the Simplicities of Tenancy in the GTA The Greater Toronto Area (GTA) real estate market has often been compared to a roller coaster, with its highs and lows significantly impacting decisions on whether to buy or rent. The COVID-19 pandemic introduced unprecedented fluctuations, causing both housing prices and rental rates to swing wildly. This article delves deep into the historical and current trends affecting... [read more]

In a thriving real estate market like Toronto, the average price for a stand-alone family home was just under $930,000 whereas the average price for a condo in Toronto was just over $660,000. For a first-time buyer, investing in a condo means a massive saving of almost $300,000. When purchasing a condo in Toronto, you get two different options: pre-construction and resale. A resale condo is one that is already built and is move in ready. On the other hand, pre-construction condo is one that you... [read more]

Are you looking to sell your condo in Toronto? Forget that you were told about buyer expectations because the pandemic has completely turned the tables on what buyers look for in a condo. Here’s what a pandemic-buyer want in a condo: Buyers want an old-school Floor Plan The pandemic brought with it stay at home orders and indefinite work from home. Now more than ever, buyers are more conscious about the limitations imposed by the chic, open-concept condos that are characterized... [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]

Smart Backup Down Payment Sources for Toronto Condos Several homebuyers and tenants dream of owning a home or real estate property in Toronto. First-time buyers of Toronto condos often find the down payment very demanding and challenging. This is because you need to pay at least 5% as a down payment for a condo. That will approve your application for an insured mortgage. If you are an investor who invests in condos for sale with a purchase price of over a million in Toronto, then... [read more]