Real Estate Fall market PREDICTION;
What you need to know

By: Gemma Leggett

Real Estate Fall market PREDICTION;
What you need to know

Tags: Fall market 2018, Real Estate fall market 2018, prediction for real estate fall market 2018

The Fall Real Estate Market will be here any day now! This is traditionally the second busiest time of the year. Buyers and Sellers want to move before the cold days of winter arrive. Unfortunately, this year we had a Spring Market that never blossomed:( Not long ago, it would have been hard to imagine a time when the GTA's real estate market was so quiet you could hear the crickets chirp. Y...Read More

Back to School. Back to Traffic. Back to Reality

By: Gemma Leggett

Back to School. Back to Traffic. Back to Reality

Tags: back to school, fall market, real estate, house to sell

Once again, the bright yellow school buses fill the streets and after another summer season, it's back to daily traffic and back to a full schedule. As people try to get in the last of summer relaxation, the real estate market can feel a little relaxed as well. With September's "back-to-business" mode, real estate markets are "perkier" as well. A factor that may impac...Read More

Home Sale Prices Will Be Made Public In Toronto

By: Gemma Leggett

Home Sale Prices Will Be Made Public In Toronto

Tags: Treb appeal, Toronto Real Estate Board Dispute, Treb loose supreme court

  After a 7 years battle, The Supreme Court of Canada has refused to hear an appeal from the Toronto Real Estate Board (TREB) in a dispute over access to real estate data. The fight for access to this data stretches back to 2011, when Canada’s Competition Bureau sued TREB for its monopoly over the data. The bureau stated that this monopoly gave TREB an unfair advantage in the real esta...Read More

multiple offer in a Buyer's market

By: Gemma Leggett

multiple offer in a Buyer's market

Tags: Multiple offer,

      Getting Multiple Offers on a listing, even on a listing that's been on the market for a while... Happens more than you think! We are in a Buyer's market, however, for the third time this year, I had to deal with Multiple Offers on non new or underpriced listings.  It's an odd phenomenon that a home can sit on the market for months and months without any of...Read More

The lie of average sale prices

By: Natalka Falcomer

The lie of average sale prices

Tags: Real Estate, Recession, Average Price, Housing Market

  Real estate pundits point to the average sale price to conclude whether the market is crashing or hyper-inflating. Some go as far as to use the average sale price as an indicator of a recession or a healthy economy. The problem is that averages don’t tell much of a story. For example, Canada has experienced five recessions of varying degrees between 1972 and 2018, yet the average sa...Read More

Wonder Why Your House Isn't Selling?

By: Gemma Leggett

Wonder Why Your House Isn't Selling?

Tags: Price Your Home For Sale, House Prices, Homes for Sale

When it comes to sell your house, there is few things that you can do to help for a faster sale: 1. PRICE IT RIGHT: The most important factor to consider when you're selling a house is to price it accordingly. The market has adjusted! You don't want to overprice the house. Why? Simply because you're going to lose the freshness of the home's appeal after the first two to three week...Read More

Canadian Home Buyers have taken a pass on the spring season!

By: Gemma Leggett

Canadian Home Buyers have taken a pass on the spring season!

Tags: Spring Market 2018, Canadian home buyers, Canadian Market

As real estate agents, we know that the spring season (defined more by the calendar than the actual weather) is the busiest season of the year – and an excellent barometer of the health of the real estate market. But this year, Canadian home sales took a serious plunge in the first quarter of 2018! “It’s official: home-buyers took a pass at the spring season,” writes RBC s...Read More

Mortage Up For Renewal?

By: Gemma Leggett

Mortage Up For Renewal?

Tags: Mortgage renewal, Mortgage, Stress Test, Renew your mortgage

Did you know? In 2018, nearly half of all existing mortgages in Canada will need to be renewed!  This means you likely started your last term in 2013. The Canadian Government announced a new mortgage stress test back in October 2017 that went into effect January 1st of 2018. All homebuyers needs to qualify at the greater of either the Bank of Canada’s posted five-year mortgage rate (cu...Read More

Mortgage stress test impacts more than one in four buyers, says Re/Max

By: Real Estate Market Magazine

Mortgage stress test impacts more than one in four buyers, says Re/Max

Tags: REMAX, MORTAGE, MARKET CONDITIONS

More than 1 in 4 Canadian homebuyers report feeling pinched by the mortgage stress test regulations, says a recent Re/Max survey conducted by Leger. But Re/Max says projections for the spring market are optimistic with most markets expected to remain stable or improve. “While the stress test did not impact Western Canada’s major markets as much as other parts of the cou...Read More

Buying or Renting? What do YOU think?

By: Gemma Leggett

Buying or Renting? What do YOU think?

Tags: Renting Versus Buying a house, GTA Market

My Grand-parents like many of yours, bought only one home in their lifetime! That home became the center of very important family activity, even after all the children left to find home of their own. We always came back to Grand-ma and Grand-pa for holidays or to find comfort. My parents decided to downsize, not right after we all left, but not too long after either. In today’s market, when...Read More