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The housing market is getting bigger and better

Wednesday May 31st, 2017

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The Toronto housing market has been the hot topic the past few months, with the new foreign buyer tax. Our latest newsletter tells you why you shouldn't be worried about the competitive housing market.   New home listings hit all time record As the busy late spring real estate season heats up, data from the Toronto Real Estate Board show that new housing listings for the months of April and May are smashing every record on the books. Last month, listings of for sale housing... [read more]

First-time buyers are feeling more confident

Friday Apr 28th, 2017

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First-time buyers are feeling more confident about the housing market and are ready to jump in, according to the 21st annual home ownership poll by RBC. With the peak buying and selling spring market just around the corner, there has been a significant increase in the number of young Canadians who feel housing is a good investment: Some 86 per cent of respondents aged 25 to 34 see owning a house as a good investment, up from 78 per cent in 2013. Where a year ago, just 25 per... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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