Thursday Sep 8th, 2022 Share

What Mortgage is Right for You?

How to determine the best mortgage for you. When doing research to determine what one can afford, planning on interest rate rises in the future should be a consideration. Although interest rate rises affect home buying power, it may not be as much as many think. A mortgage of $400,000.00 with a 25-year amortization :     - Monthly payment at 4% = $2,104.00     - Monthly payment at 5% = $2,326.00 Also, lenders use several parameters to determine mortgage...

Tuesday Aug 23rd, 2022 Share

Canada’s Inflation Revisions Show Something Is “Really Wrong”: National Bank - BetterDwelling

AUGUST 23, 2022 Canada’s headline inflation is falling, but core inflation, the central bank’s preferred measure, is still climbing. That was the focus of a research note from National Bank of Canada (NBF) last week, in response to July inflation data. Core inflation, considered a more stable measure, climbed to a three-decade high. Even more surprising, this year’s numbers have been revised three times, meaning this measure isn’t as stable as the central...

Friday Aug 19th, 2022 Share

Here’s How The Bank of Canada Drove Over 250,000 Excess Real Estate Sales - BetterDwelling

Canada’s real estate bubble went from a small localized problem in pricey cities to a country-wide failure. Excessively long use of low rates from the Bank of Canada (BoC) drove tens of thousands of excess home sales over the past two years. Now that rates are rising, purchase volumes have suddenly cratered and prices are beginning to come back down to normal. Just how many excess sales did the BoC stimulate? Let’s crunch the numbers, but first we should explain the how...

Saturday Aug 13th, 2022 Share

July 2022 Market in Review

July Market in Review (Video) GTA REALTORS® Release July Stats There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021. Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by a more moderate four per cent. The expectation is that the trend for new listings will continue to...

Thursday Jun 9th, 2022 Share

The GTA Market.

Is there a housing price correction in the GTA?  Video 

Friday Jun 3rd, 2022 Share

Bank of Canada Raises Rates....again

Another jumbo interest rate hike in Canada

Friday May 27th, 2022 Share

Active listings skyrocket in Brampton and Mississauga - Video

Active listings skyrocket in Brampton and Mississauga

Saturday May 14th, 2022 Share

What Share Of The Housing Stock Do Multiple-Property Holders Own In Canada?

What Share Of The Housing Stock Do Multiple-Property Holders Own In Canada? Video

Thursday Apr 28th, 2022 Share

Canada Housing Market Outlook to 2027 (video)

Canada Housing Market Outlook to 2027

Saturday Apr 23rd, 2022 Share

Best ways to improve home loan eligibility (video)

Best ways to improve home loan eligibility

Monday Apr 18th, 2022 Share

Region and County Prices in GTA - Video

Region and County Prices in GTA

Monday Apr 11th, 2022 Share

GTA's housing crisis threatens Ontario's profitable construction sector (video)

GTA's housing crisis threatens Ontario's profitable construction sector

Thursday Apr 7th, 2022 Share

Toronto-area rents soar 11% in February

Toronto-area rents soar 11% in February(video)

Wednesday Mar 30th, 2022 Share

How to Plan a Remodeling Project

How to Plan a Remodeling Project (Video)

Saturday Mar 26th, 2022 Share

What Are The Impacts Of Rising Interest Rates In Canada?

Watch this video What Are The Impacts Of Rising Interest Rates In Canada?

Wednesday Mar 16th, 2022 Share

An aspiring homeowners guide to Real Estate terms (video)

An aspiring homeowners guide to Real Estate terms

Friday Mar 11th, 2022 Share

What happens to home prices when supply hits a 30-year low?

What happens to home prices when supply hits a 30-year low?

Tuesday Mar 8th, 2022 Share

Greater Toronto Market Update

Greater Toronto Market Update

Friday Mar 4th, 2022 Share

What Size of Mortgage Can People Afford in Canada?

What Size of Mortgage Can People Afford in Canada?

Wednesday Mar 2nd, 2022 Share

How Many of Younger Ontario Homebuyers Did Benefit from Parental Aid?

How Many of Younger Ontario Homebuyers Did Benefit from Parental Aid?

Friday Feb 25th, 2022 Share

Prices of newly built houses in Toronto soared nearly 40 per cent last year

Prices of newly built houses in Toronto soared nearly 40 percent last year.

Wednesday Feb 23rd, 2022 Share

The 2022 Luxury Report: Looking Forward Through An Evolving Lens

The 2022 Luxury Report: Looking Forward Through An Evolving Lens

Tuesday Feb 22nd, 2022 Share

Canada's Housing Market Not Cooling Off Anytime Soon As Inventories Remain Historically Low

Canada's Housing Market Not Cooling Off Anytime Soon As Inventories Remain Historically Low

Monday Dec 20th, 2021 Share


Young adults have a lot to think about, and money is right up there at the top. As they leave the nest, they have got to learn to manage credit, keep a budget, and save for a rainy day. Oh, and get a job that pays enough to live on!!!  But there are other things they need to learn that can have an even more profound effect on their finances. If you are in your twenties (or you know someone who is), here are ten of those life lessons you need to take to heart early on that can affect...

Monday Dec 6th, 2021 Share

Factors that can lower a home's appraisal value.

      It might be that you're "house blind" to factors that affect someone who's looking at your home for the first time. According to appraisers, here are six of the most common issues that affect value. 1.  An obsolete floor plan If your home has a small, enclosed kitchen, a tiny bathroom, no door to the back garden, or you have to walk through one room to get to another, those kinds of things will affect value. In real estate, this is...

Monday Nov 29th, 2021 Share

The New Emergency Fund Advice

The New Emergency Fund Advice The standard advice on emergency savings has always been three to six months' worth of income, which is a massive hill to climb. But when COVID hit, many people discovered that even six months wasn't enough. So, what now? Telling people to save a year's worth of income won't help, even though that's what many needed. Financial planners still recommend at least three months of savings, but they also suggest a more diversified income...

Tuesday Nov 9th, 2021 Share

From a Seller's Perspective. Pricing Strategies.

Thursday Oct 28th, 2021 Share

Buying a Rental Property

How to Use Your Equity to Buy a Rental Property If want to buy a rental property using your equity, you don't need to sell your home. You can tap the equity using one of these three approaches without selling: Refinance your home so that you have a new mortgage and get the equity back in cash. Get a second mortgage, which is an additional mortgage on top of your current first mortgage.  Get a home equity line of credit (called a HELOC). Whichever approach...

Friday Oct 8th, 2021 Share


1. WHAT IS YOUR MOTIVE  FOR BUYING? Buying a  home will drastically affect your lifestyle. Just because everyone else is doing it,  doesn't mean you should. And just because your parents did,  or you think society expects it,  doesn't mean you should.  You should buy if it makes sense for you,  after weighing the pros and cons of ownership  (expenses,  flexibility,  life goals,  etc.).  Sometimes the right decision is...

Saturday Jun 5th, 2021 Share

Do it yourself home inspections. Inside the house.

Wednesday May 5th, 2021 Share

DIY Home Inspection Part 2. Not ready to go inside yet.

In the last edition, we talked about looking at the outside of the house.  In my next section, I will go over the inside of the house. I forgot to go over one other thing to look at before looking at the inside of the house.  Grading. Why is this important?  Poor drainage resulting in leaky basements often stems from having an insufficient slope away from the foundation.  To do land grading properly, you must first know how much slope you need to have away from the...

Monday May 3rd, 2021 Share

DIY Home Inspections Part 1.

DIY Home Inspections How did we get here? To "win" that house that you want, it has gotten to the point where the only really acceptable offers to sellers are offers without any conditions (and of course the right price). No condition on Financing. No condition on Home Inspection.  That is how competitive the real estate market has become. In the previous blog, we covered pre-approval, pre-qualifying for financing. Now let us look at home inspections. Do I recommend...

Friday Apr 30th, 2021 Share

Pre-Qualified vs. Pre-Approval

Thursday Apr 29th, 2021 Share

Working with Multiple Offers.

Wednesday Apr 28th, 2021 Share

Why housing is still the best investment for most Canadians

Tuesday Apr 27th, 2021 Share

Are real estate prices going to go down? This comes with a warning.

Monday Oct 22nd, 2018 Share

Attention Landlords and Want to Be Landlords

Many of us have thought about becoming or are actually Landlords. I have some information that I would like to share with you that will be a relief to landlords. Owning a rental property can be a great way to invest.  The Tenant pays the mortgage.  The main reason why many people are hesitant to become owners of a rental property is the fear of the risk that the Tenant does not pay the rent. That is a reasonable fear, the cash flow implications can be very uncomfortable as...

Wednesday Oct 10th, 2018 Share

The Benefits of Great Credit

The Benefits of Great Credit (and How to Boost Yours) Whether you want a loan to make a large purchase or you are applying for a job, a high credit score may give you an advantage. It not only helps you secure a lower interest rate and save money over the life of your loans, it aslo demonstrates to lenders and potential employers that you are financially responsible and likely responsible in other areas of your life. Financial institutions and employers put their trust in this...

Monday Oct 8th, 2018 Share

How to Boost Curb Appeal

How to Boost Curb Appeal  If you are thinking of selling this year, I would be happy to help you decide which of these projects would net the best value. Even if you are not planning to sell any time soon, updating and maintaining your home regularly shows you take pride in owning it. Wash the exterior. Over the years, dirt, grime and cobwebs can collect on your home's exterior. A pressure washer can remove this buildup and give your home a fresh look, while at the same time...

Saturday Oct 6th, 2018 Share

10 Deadly Mistakes

10 Deadly Mistakes Buyers Make When Purchasing a Home. MISTAKE NO. 1. Choosing a real estate agent who is not committed to forming a strong business relationship with you. HERES HOW TO AVOID IT. Making a connection with the right real estate agent is crucial. Choose a professional who is dedicated to serving your needs- before, during and after the sale. MISTAKE NO. 2. Making an offer on a home without being pre-qualified. HERE'S HOW TO AVOID IT. Pre - qualification...

Thursday Oct 4th, 2018 Share

What to Do if Your Information Has Been Stolen

Tuesday Oct 2nd, 2018 Share

Why learning about the real estate market matters...

Why learning about the real estate market matters… (even if you are not currently in the market for a home)   The health of the local market influences the value of your home. Higher home prices in your local area mean that your home may also be worth more. Since real estate is local and can vary from city to city --- even from neighbourhood to neighbourhood in some cases – the more you know about the market, the better equipped you are to understand the value of...

Friday Sep 28th, 2018 Share

Benefits of Reduced Debt

Benefits of Reduced Debt   If you have set a goal to pay down your debt this year, you are not alone. According to a recent study, more than half of Canadians have set a goal to pay off debt in 2018. * Strategically reducing or paying off debt benefits your finances tremendously but can positively impact other areas of your life as well.   Reduce Stress: Finances are a top source of stress for many Canadians. When you make the commitment to pay off your debt, you...

Monday May 21st, 2018 Share

Who To Choose? A Big Bank or a Mortgage Broker?

Who wouldn't want to get the best mortgage rate when buying a house or renewing your mortgage? Here are the major differences between a Big Bank and a Mortgage Broker. Big Banks You will likely sit down with a loan officer or 'mortgage specialist' when you visit one of Canada's major banks for a mortgage. They will (hopefully) go into detail the terminology involved with mortgages. Based on what you tell them they will make a recommendation. If you play...

Monday May 21st, 2018 Share

Freehold versus Condo Home Ownership

It all has to do with ownership when it comes to buying or selling a freehold propety and a condo property. Freehold home: You own the house and the plot of land it is built on. Condo Apartment or Townhome: You own the interior of a unit. The lot the building sits on is collectively owned by all unit owners. It is a matter of personal preference and what you are looking for in a property. There are pros and cons in each real estate option. Pros of Freehold Real...

Monday Apr 2nd, 2018 Share

Market Trends by the City

Hello. There are some suprises ahead. Contrary to what most people think, the real estate market is doing just fine. The biggest challenge for buyers is not financing or house prices, it is finding the right house that matches their wish list.  This weekend I was involved in a multiple offer situation in Hamilton. Who would have thought that?  What is happening is that a soon as good house comes on the market that is priced right, shows well, is in a great or even just...

Wednesday Jan 10th, 2018 Share

Expired Listings.

That has to be the most disappointing thing that can happen to a seller in today's real estate market. I feel for those sellers. It didn't have to happen.  Most people that follow the real estate market don't really notice that a listing has expired and the house is no longer for sale. Why would they, everthing sells in todays market right?   All along the way with some small adjustments here and there and it likely would not have happened. They ask...

Thursday Jan 4th, 2018 Share

Where Do We (Start) Stand?

"Much of the sales volatility in 2017 was brought about by government policy decisions. Research from TREB, the provincial government and Statistics Canada showed that foreign home buying was not a major driver of sales in the GTA. However, the Ontario Fair Housing Plan, which included a foreign buyer tax, had a marked psychological impact on the marketplace. Looking forward, government policy could continue to influence consumer behavior in 2018, as changes to federal mortgage lending...

Tuesday Dec 26th, 2017 Share

Buying a House Online

When will it become a real way of finding, negotiating and purchasing a home without leaving your home or office? With today's technology it cannot be that far away. All the required legal documents, aggreements of purchase and sale, amendments, waivers, extensions, all documents that previously had to be signed in person with a witness to the parties signature. Now documents can be emailed and signed online without the signatures being witnessed. They don't even have to be...

Friday Dec 22nd, 2017 Share

Are you trying to sell me something? Well, actually I am not.

The following is written by Seth Godin. You may or not have heard of Seth.  I enjoy reading Seth's blog, I like what he writes about. Maybe it is because he is my age, maybe it is because of his business experience, or maybe it is just because I think Seth "Gets it". I know I am bias, but I like this latest writing of Seth's. I have made my comments in blue ( for what they are worth).   "Are you trying to sell me something?" For a culture that...

Friday Dec 15th, 2017 Share

3 for 3. He who hesitates is lost.

Tuesday Dec 12th, 2017 Share

I made a mistake ..... hope you read the links.

Everyone wants to know if housing prices will rise or fall in 2018. In July 2015, David Madani, Senior Economist with Capital Economics predicted that Canadian house prices would decline by 30%.  In June 2017, Mr. Madani says that Canadian house prices will drop by 40% over the next 5 years. Wonder what he is going to say next year? If we really drill down and search(surf?) the internet I am sure we can find some expert somewhere with an opposing view. "I'm a...

Wednesday Dec 6th, 2017 Share

7,374 Purchases

That is how many units of real estate were purchased (I would like to say people but that would be misleading as some families sold and bought) in the GTA through the Toronto Real Estate Board's MLS system in the month of November, 2017. That number doesn't include new construction purchases, private sale purchases and exclusive listing through realtors purchases. To me that means a lot, and by the way congratulations to those who made the decision to go ahead and buy their...

Monday Dec 4th, 2017 Share

Real Estate Prices - Up or Down?

Everyday I talk with current homeowners, interested buyers and sellers. The number one question is "Are prices going to go up or down in 2018", well if you know someone that can guarantee the answer to that please have that person contact me, I would love to hear how they can quarantee that.  Check out this chart Prices from 1971 to 2016 Here is a list of questions that I think most would be real estate buyers and sellers run over and over again in their head,...

Friday Dec 1st, 2017 Share

How accurate are averages?

Averages can be a little bit misleading, the median sale price is important. One low or high price sale can skew the numbers. Here are the October and November detached sales for Erin Mills and Clarkson, both great neighbourhoods in Mississauga.  Erin Mills October Sales 22 sales, average price $953,873.00, median price $847,500.00. Low sale $675,000.00. High sale $1,400,000.00. Erin Mills November Sales 19 sales, average price $1,028,289.00, median price $888,000.00. Low...

Sunday Nov 19th, 2017 Share

The Heat is On.

Hello; Was out showing houses this afternoon in Mississauga.  On the way home it started to snow just a tiny bit. It didn't last for long. The Santa Clause parade was today. There are some great deals out there for Christmas shoppers ( at least it looks like it). The number of houses sold has been declining - the price of houses is still increasing. For stats on specifice areas, just shoot me an email, and I will get the information to you. Sellers at this time...

Thursday Nov 16th, 2017 Share

They are still buying and selling.

Wednesday Nov 15th, 2017 Share

New Mortgage Lending Rules - Stress Test

Now the stress test that was previously only being used on borrowers with less than 20% down will apply to all borrowers, regardless how much more they have for a downpayment.   Thanks to the changes made by the Office of the Superindent of Financial Institutions, effective January 1st, 2018 the average purchasing power of home buyers will decrease by 16%. Chris    Is the tightening the lending rules a sign of higher interest rates in the near...

Tuesday Dec 27th, 2016 Share

Foreclosure v.s. Power of Sale