Evaluating Condos: 10 Features to Pay Attention to During Your Search When visiting a condo for purchase, it's essential to carefully inspect various features to ensure you are making a well-informed decision. Here are ten key features you should look for during your search: Location When on the hunt for the perfect condo, one of the most critical factors to consider is the location. Think of it as the beating heart of your future home, shaping your daily life and overall... [read more]

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]