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Statistics Canada has recently revealed that subsequent to some historical revisions that Canada’s household debt-to-income figure was actually a whopping 163.4%. This is a marked increase from the 152% figure using the old methodology. Interestingly, this level is on par with the United States prior to their real estate correction. Although there is no definitive answer as to what economic …

Having trouble watching video? Click here Greater Toronto Area REALTORS® reported 6,896 transactions through the TorontoMLS system in October 2012 – a decrease of 7.1 per cent compared to October 2011. There were two more business days in October 2012 versus October 2011. On a per business day basis, transactions were down by 15.6 per cent.* “Sales have decreased in the second half …

Canada is currently experiencing the lowest interest rate environment since July of 1958 when the Bank of Canada’s policy rate was lowered to 1.22%. The catalyst for the current unprecedented loose monetary policy is the great recession of 2008. Fast forward four years later and what are the consequences to the Canadian economy? This sustained and significantly low interest rate …

The changing mortgage rules and slipping real estate transactions has created quiet the environment for lenders today. Unsure about how the real estate market will be in the near and far future, the lending criteria has been tightened all across the board and it’s leaving a lot of sour buyers in it’s path. I had a very interesting week where …

Going to the theatres in Toronto is about to become much more exclusive. On October 15th 2012 Cineplex Entertainment announced that it was going to expand its VIP Cinema concept to three more locations: the first standalone VIP cinema which will be located at the Shops on Don Mills, and adding VIP Cinemas to the SilverCity at Yonge-Eglinton and the …

Although signs of a cooling Canadian real estate market have come to fruition, the demand and prices for Toronto office space is taking off. A new report from real estate firm, Colliers International, finds that vacancy rates for office space across the GTA have declined from 7.2% in the third quarter of last year to 6.3% in the same quarter …

On October 16th, 2012 Greater Toronto Area REALTORS released its report on Toronto Condominiums. The report mentions that in the third quarter of 2012 there were 4,541 condominium apartment sales through the TorontoMLS system which represents a 20.5% decline in sales relative to the comparable quarter in 2011; however, new listings during the same time period increased by 6.5% to …

I make money through real estate by helping my clients buy and sell properties and through personally investing in it.  In the past six years that I’ve been working full time in real estate, I’ve come to experience numerous situations, good and bad, and I’ve learned dearly from them.  Here are my top five tips for purchasing an investment property. …

Halloween is just around the corner and vivid memories of hoarding massive amounts of candy and donning costumes to terrorize your local neighborhood begin to arise. Toronto, however, “terrorizes” on a much bigger scale. The 2012 Toronto Zombie Walk on Saturday, October 20th allows you to join in with throngs of your fellow Torontonians for a day of terrorizing on …