Buyer Resource

Economists are beginning to arrive at a consensus in regards to the current real estate market status in Canada, particularly where Toronto and Vancouver are concerned. A price drop of 10 to 15 per cent over the next two to three years will be felt, according to ScotiaBank. Although we won’t be experiencing a U.S. style crisis, economists are additionally …

“TREB produces regular economic commentaries based on recurring data releases from organizations including Statistics Canada, the Bank of Canada, CMHC and various US agencies. These commentaries are written by Jason Mercer, TREB’s Senior Manager of Market Analysis, and include a summary of the release and an analysis related to the real estate sector in the GTA. Members can use these …

Summary of TREB’s Second Quarter Commercial Division Report: – 3.5 million square feet of total leased space in Q2 2012 – a decline of 22% compared to 4.4 million leased square feet in Q2 2011 – Spaces leased were down, but average lease rates were up for industrial, commercial/retail and office – Industrial properties accounted for almost 80% of total …

Summary of Rental Market in 2nd Quarter: – 4,771 leased condominium apartments through TorontoMLS in Q2 2012 – up 3% from Q2 2011 – Number of apartments listed for rent grew faster than rental transactions – up 15% – Average 2-bedroom apartment rent was $2,088 – up 4% in comparison to Q2 2011 According to Ann Hannah, President of TREB: …

Summary of Condominium Market in 2nd Quarter: – 6,435 condo apartment transactions in Q2 – down 2.6% (6,609 transactions in Q2 2011) – New listings for condos up substantially, by 19% in comparison to 2011 – Average price for Q2 sales were $342,212 – a 3.2% increase compared to 2011 – Condo units were priced in line with buyer expectations …

Real estate is, and always will be one of the best long term investment strategies one can make. If you’ve just started thinking about investing, it’s never too late. To help you get the ball rolling, here’s an article by Don R. Campbell, a Canadian real estate investor, author, and educator, with helpful tips and pointers on what to expect …

Humber Bay Shores, located just north of Parklawn and Lakeshore, is an area marked for many developments in the near future – a number of which are mostly condos. Amexon’s South Beach Condos + Lofts, which will be slated for full completion early next year, is one of the more interesting and unique developments in the area – bringing Miami …

If you follow this blog, you know that I’m not a big fan of investing in pre-construction condos. I think of pre-construction condo investment now a days as a speculative investing. Long gone are the days when developers and builders had to price homes and condos below market value to entice buyers to purchase into their projects and if projects …

Have you ever liked a home that you’ve just seen on your first trip and can’t justify liking it without going out again to see other houses? I’m dealing with it right now! If I had a real estate agent, I would force him or her to take me out and see other places just because, “we have just started …

I’m starting a new home search! This will not be the first home I’ve ever bought but its definitely a first experience to buying a home to live in exclusively. I’ll explain! The first home that I ever bought was with my brother and the whole family was to be living in it. We still own that house in Brampton …