Spring has arrived, and that means more and more people are getting their homes ready to sell. But with recent shifts in real estate, this year’s spring housing market will be different from the frenzy of the past several years. To sell your house quickly, without hassles, and for the most money, be sure to follow these four simple tips:   1 ...

        Home renovations can make all the difference when re-selling a property. Whether you’re flipping a home or simply looking to get the best return on your investment, some renovations offer much higher returns than others. Before starting a project, research which improvements will bring you the most financial benefit when it is time to re-sell.   Curb ...

      Real estate observers say a new mortgage code of conduct promised in the federal budget will be handy for Canadians facing financial difficulties, but they still feel the economic plan was lacking needed housing affordability measures.   The code of conduct announced Tuesday is meant to ensure federally regulated financial institutions will provide fair and equitab ...

        Canada's new tax-free first home savings account is almost here.   Planning on buying your first home in the coming years? You'll soon be able to open a new tax-free savings account.   One of the proposed measures announced in the 2022 federal budget is set to become a reality this week.   Banks can officially start offering the  ...

        Notoriously high home prices in the Greater Toronto Area have would-be home buyers looking beyond the overvalued region for more affordable places to put down roots.   Average home prices in the region — just below $1.1 million as of Feb. 2023 — are approaching double the national average of $662,437. Luckily for bu ...

        Toronto's and Ontario's real estate markets are still incredibly hard landscapes to buy an average-priced home, for the average worker.   According to the Canadian Real Estate Association (CREA) the current national average home price was $662,437 in February 2023. While that is far from the last spring average, it's not exactly affordab ...

        Homes sales in the Greater Toronto Area (GTA) slowed to a trickle in February, but the cost of putting a roof over your head in Canada's economic heartland only grew more expensive.   The Building Industry and Land Development Association (BILD) released its latest market data Thursday morning, revealing a pronounced decline in home sale ...

        When processing your home transaction, whether you are selling or buying, you will have to pay legal fees for your Lawyer’s services.   Is paying for a Lawyer mandatory? Home transactions can be complex and involve a lot of paperwork and financial details. Having a lawyer to assist in the process of buying or selling a home can help ensure that t ...

        According to the Canadian Real Estate Association, the Spring market is anticipating a drop in home prices edging down from 2022, putting the average Canadaian home price at $662,103 in 2023. The downward trend stems from rising interest rates and continued uncertainty in the marketplace.   In some cases, sellers have taken their homes off the market in the ...

        What does a home ‘sold as-is’ mean?   When scrolling through listings, you may come across the term “sold as-is.” This concept is vital to understand because it can significantly impact your transaction. So what does “sold as-is” mean?   In short, an “as-is” home ensures the seller is not responsible fo ...

        In early 2022, as prices reached record highs and interest rates began to rise, home resales across Canada launched into a steep slide that brought activity to its lowest levels since mid-2020. Over the last few months, though, the rate of decline has eased significantly.   New statistics from The Canadian Real Estate Association show that national hom ...

        A new survey suggests that despite high interest rates and an uncertain economy, confidence in real estate as an investment remains high among Canadians who live in large cities.   The new report was conducted by research firm Mustel Group for Sotheby's International Realty Canada and surveyed 2,000 Canadian adults between the ages of 18 and 77 in the Vanco ...

        Though there are more homes for sale now than there were at this time last year, there’s still an undersupply with fewer houses available than in more normal, pre-pandemic years. The Monthly Housing Market Trends Report from realtor.com puts it this way:   “While the number of homes for sale is increasing, it ...

        Toronto renters can't seem to catch a break (after catching that one, unthinkably-rare break a few years back when public health concerns unexpectedly drove monthly rent prices in the city down by as much as 20 per cent over the course of a single year.)   The downtown Toronto rental market has now not only fully rebo ...

        Greater Toronto Area home prices fell almost 18 per cent from last February - the largest year-over-year drop on record - as the number of properties sold was halved, the region's real estate board said.   The Toronto Regional Real Estate Board (TRREB) said Friday that the average selling price for February totalled $1,095,617, roughly five per cent higher ...

        Property values are starting to tank in some of the small Ontario towns that saw home prices rise to record highs in 2021, when legions of condo-dwellers were fleeing Toronto for larger, cheaper digs from which they could both live and work remotely.   A new housing market outlook from Desjardins Economic Studies sugg ...

        While Toronto has seen a significant dip in home prices as borrowing costs have gone up over the past year, other places in Ontario are seeing an even more dramatic drop according to a new report released Monday.   The report, from economists at financial services company Desjardins, examined the Ontario housing market in the context of recent developments, ...

        A lot has changed over the past year, and you might be wondering what’s in store for the spring housing market. If you’re planning to sell your house this season, here’s what real estate experts are saying you should keep in mind.   1. Houses That Are Priced Right Are Still Selling   Houses that are updated and priced at t ...

        Astronomically high Toronto home prices may have fallen a bit since the Bank of Canada started hiking interest rates in March, but purchasing property is no more affordable than it was last year.   Quite the contrary, in fact.   A report from RBC Economics suggests that home ownership costs are skyrocketing as interest rates soar, ...

        Average Toronto home prices continue to fall on a year-over-year basis, dropping a record-breaking 17.9 per cent between February of 2022 and February of 2023, per newly-released market data.   Homes that were going for an average of $1,334,062 across the GTA last year at this time are now selling for an average price of $1,095,617, marking the st ...