Whether you’re currently in the process of looking for your first home, or have just started to think about it, I have some first-time homebuyer tips to help make your journey as easy as possible! Get Pre-Approved Having your mortgage pre-approved is an important step in the process and benefits you in three ways: Pre-approval ...
Some Highlights If you’re planning to sell your house this year, you likely have questions about what the shift in the housing market means for your home sale. You might be wondering: Should I wait to sell? Are buyers still out there? And can I afford to buy my next home? Connect with a trusted real estate profession ...
Should you rent or should you buy? The age-old debate never seems to have a clear victor, especially when you factor in inflation, interest rates, and your location. A new report by Zoocasa, with data from TorontoRentals.com, Zumper.com, RateHub.ca and Rentals.ca found that Toronto has the largest gap between rent prices and mortage paymen ...
The aggregate home price in the Greater Toronto Area decreased by nearly six per cent from the second to third quarter this year and is expected to drop once again in the coming months. A report released today by Royal LePage showed GTA housing prices up 2.1 per cent year-over-year to $1.09 million in the third quarter of 2022. However, that num ...
The next time your parents or other elderly family members hassle you about investing in your future by saving for a home, you can confidently tell them that we can't relate to their good ol' days, because houses in Canada are now less affordable than they've ever been — and you can offer up the numbers to back that up, too. According to a ...
Over the past two years, the substantial imbalance of low housing supply and high buyer demand pushed home sales and buyer competition to new heights. But this year, things are shifting as supply and demand reach an inflection point. The graph below helps tell the story of just how different things are today. This year, buy ...
The Canadian Real Estate Association (CREA) says the country's housing market continued to slow in September - a stark contrast from the flurried pace of sales the fall usually delivers. The association said Friday that September sales were down 3.9 per cent compared with August, a slight increase in the current sales slowdown that began with the Bank of ...
Some Highlights If you’re trying to buy your first home in today’s housing market, you’ll want to know what you can do as mortgage rates rise and inventory stays low overall. Connect with a lender to get pre-approved, prioritize your wish list, consider condos, and expand your search radius. Your first home&nb ...
Toronto now ranks first overall on the Swiss wealth management firm's list of global cities at risk of housing bubbles, rising from third place in 2020 and second place in 2021. In this year's report, the 6ix overtakes Frankfurt, Germany, as the single most overvalued housing market on the planet. Toronto's index score of 2.24 marks a s ...
Does the latest news about the housing market have you questioning your plans to sell your house? If so, perspective is key. Here are some of the ways a trusted real estate professional can explain the shift that’s happening today and why it’s still a sellers’ market even during the cooldown. Fewer Homes for Sale than Pre- ...
The Greater Toronto Area (GTA) housing market continued its adjustment to higher borrowing costs in September 2022. Sales for the month reached 5,038, but were down by 44.1 per cent compared to September 2021. New listings were also down on a year-over-year basis by 16.7 per cent to 11,237. This was the lowest number of new listings reported for the month ...
Experts expect inflated home prices in Canada to decline slightly in 2023, but anyone hoping for a price correction in Toronto's red-hot housing market probably shouldn't hold their breath. According to RE/MAX's 2022 Fall Canadian Housing Market Outlook Report, the housing market in Ontario — as well as much of the rest of the country &mda ...
A home renovation in Toronto can be a daunting task if you've got a house that needs some work. Where do you start? The following guide summarizes insights from experienced home renovators into an number of important steps, including permit applications, the do's and don'ts of working with a contractor, prioritizing your work, and purchasing the righ ...
The housing market is rapidly changing from the peak frenzy it saw over the past two years. That means you probably have questions about what your best move is if you’re thinking of buying or selling this fall. To help you make a confident decision, lean on the professionals for insights. Here are a few things experts a ...
Some Highlights When you head out to buy a home, there are a number of key milestones you’ll encounter along the way. The process includes everything from building your team and understanding your finances to going house hunting, making an offer, and more. Your journey starts here. Partner with a real estate professional so y ...
With housing costs as astronomically high as they are in Toronto and surrounding areas, it feels like there's nowhere for real estate prices to go but down. And yet, people have been errantly thinking that on and off for a very long time. A new report from the economists at Desjardins suggests that affordability could actually, finally improve a ...
Rising interest rates have begun to slow an overheated housing market as monthly mortgage payments have risen dramatically since the beginning of the year. This is leaving some people who want to purchase a home priced out of the market and others wondering if now is the time to buy one. But this rise in borrowing cost shows no signs of letting ...
A troubling report shows declines across the board in the Greater Toronto Area (GTA) housing market, as experts use words like "adjustment" to describe the sudden deflation of a bloated market in the face of historic inflation and higher borrowing costs. The Toronto Regional Real Estate Board (TRREB) reports 5,038 sales in the region in September, ...
With the cost of living reaching epic heights this year, Canadians have been seriously altering their spending habits as they struggle to make ends meet amid record-breaking inflation and other factors. Unfortunately for those under 35, young people are one of the most impacted groups when it comes to dwindling disposable income, and those who were once ...
Today’s housing market is different than it was just a few months ago. And if you’re thinking about selling your house, that may leave you wondering what you need to do differently as a result. The answer is simple. Taking the time upfront to prep your house appropriately and create a solid plan can help bring in the greatest r ...
Ttodd Savoye and Coldwell Banker are leaders in the real estate community with a reputation for integrity, dedication and as equally important, we are known for achieving results. Our professional, motivated and trustworthy Team Members are committed to delivering quality service for both buyers and sellers. From the very start of your search to the day of your sale, whether it is a condo, townhouse, cottage, farm, or commercial property that you are looking to buy or sell, we are here to help you with real estate choices.
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