Ontario's Fair Housing Plan From Ontario's Ministry of Finance Ontario's Fair Housing Plan introduces a comprehensive package of measures to help more people find affordable homes, increase supply, protect buyers and renters and bring stability to the real estate market. The plan includes: Actions to Address Demand for Housing Introducing legislation that would, if passed, implement a new 15-per-cent Non-Resident Speculation Tax (NRST) on the price of homes in the Greater Golden Horseshoe (GGH) purchased by individuals who are not citizens or permanent residents of Canada or by foreign corporations. Ontario's economy benefits enormously from newcomers who decide to make ...
Ontario’s Fair Housing Plan
April 24, 2017
Housing affordability: Toronto versus the world
April 2, 2017
The one question you must ask yourself before buying a home
January 22, 2017
Before you begin shopping for a home you may read a lot of articles online, watch videos and even read books on “how to buy a home.” Information is plentiful and easily accessible. There is way more information now than when I bought my first home. So, you may have checklists prepared that you think will keep you safe from the many pitfalls out there, but there is one thing you need to do first and foremost when you walk into a house. Ask yourself if you like it! Forget your checklist, forget the furnace age, the wiring, the roof ...
Holiday from Real Estate?
November 24, 2016
It’s holiday time again! And we are all so busy, even busier than usual. But that doesn’t mean you should put your real estate plans on hold! It may be inconvenient, or your home may look crowded with holiday decorations, but I recommend to all of my Sellers to keep their homes on the market through the holidays. You never know who is coming in to town, or coming in to money this holiday season so make your home available for showings and keep up the exterior even in the dead of winter. As for buyers, you too! Keep looking ...
November 7, 2016
If you read my last post you’ll know the big question was, will this insanity continue all summer long. Now we know the answer, YES! Activity and prices continue to remain very high. I don’t like to make predictions and the multitude of “experts” out there who do make them are never held accountable. They just seem to fade into obscurity after their predictions are proven wrong. I hold myself accountable to my clients so I rarely make predictions. Today is different! I will make or at least share predictions from an economist whom I respect tremendously, Benjamin Tal. Recently ...
Tips for moving when you're older
March 21, 2016
CLICK HERE FOR VIDEO There comes a time when many of us get older and we’ll need to downsize. Some of the main reasons people choose to do so is to free up equity for living expenses as government payments may not be enough to live on. As we get older, a number of us will prefer to live in a smaller house. Others may be tired of tending to the needs of a house and might not have the money or ability to invest in the up-keep. Some people plan to travel when they get older ...
Pros and cons of buying a 'condo hotel' suite
February 29, 2016
CLICK HERE FOR VIDEO A condo hotel is a condo that operates legally as a hotel with a front desk and other hotel amenities. They are usually large high-rise luxury hotels operated by big name hoteliers. The hotels have condo units, allowing individual investors to own a full-service vacation home that offers amenities like spa, fitness, fine dining, business centre, housekeeping and more. Conceptually, when the owner is not using their own unit they may rent it out themselves or enter it into the hotel rental pool where it would be offered as a suite for short term rental ...
Micro-condos: What they are and who is buying them
March 2, 2015
CLICK HERE FOR VIDEO Micro-condos are very small condo units ranging in size from 220-400 sq. ft., but typically we see them range between 250-350 sq. ft. These units are expertly designed to maximize space so you still have all of the creature comforts. Fold away furniture is standard issue. A bed will fold up to make room for a kitchen table. Storage space is created in every nook and cranny and is collapsible or can be hidden. Every inch is used to its maximum potential. They are really quite innovative! Micro-condos are ideal for investors looking to ...
Ask Sandra: Your Real Estate Questions Answered
November 21, 2014
There’s a lot to know when it comes to buyingand selling a property. So, we put the call to find out what you wanted to know. Real Estate expert Sandra Rinomato answers your questions. CLICK HERE FOR VIDEO Q: If I sell my 100-year-old house, am I responsible for hidden defects the buyer may uncover? A: A home owner is required to disclose all latent and patent deficiencies. If you know of an issue you are advised to disclose it to a potential buyer. Chances are anyone interested in buying a 100-year-old home will expect a few issues anyway and ...
Toronto Condo Boom Being Fueled By Single Women
June 5, 2012
Single women now account for about 20% of all real estate purchases and well over 30% of condo purchases, especially in Toronto’s booming downtown core, realtors and condo developers say. http://www.moneyville.ca/article/1182075--toronto-condo-boom-being-fueled-by-single-women