Toronto Real Estate: Rising Prices, Tight Competition, and Market Hesitations

Sales Are Expected to Climb in 2025

The Toronto Regional Real Estate Board predicts home sales will jump 12.4% in 2025, hitting 76,000 transactions. The board ties this increase to lower borrowing costs, which should improve affordability.
Average prices are also projected to rise, with the board estimating a 2.6% gain to $1,147,000. Single-family homes will see stronger appreciation, while other segments maylag behind.

Buyer Confidence and Market Uncertainty

A survey from Ipsos found that 28% of respondents plan to buy a home in 2025, while 37% expect to sell. These figures align with last year’s responses, suggesting market attitudes haven’t shifted much despite…

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The Best Communities to Live in Canada 

Canada's Hidden Gem Neighborhoods: Where Affordability Meets Liveability in 2024

A recent study by RE/MAX, in collaboration with Local Logic and Leger, has unveiled some surprising contenders for Canada's most livable neighborhoods in 2024. Let's dive into these hidden gems, scattered across the country, that offer an enticing blend of affordability, convenience, and cultural vibrancy to suit diverse lifestyles.

Calgary's Downtown West End: Urban Revitalization Meets Riverfront Charm

Calgary's Downtown West End shines as a beacon of accessibility and urban revitalization. Nestled by the Bow River and seamlessly connected to the city's core, this neighborhood has transformed thanks to office conversions that have drawn new residents and…

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Trust in me to act in your best interest!

Purchasing a home is a significant financial and emotional investment. I understand this, and I pledge to provide you with professional, courteous service in helping you find the right property. To fulfill this commitment, I agree to:

  1. A private consultation as your Personal Real Estate Consultant
  2. Match you with homes that fit your Key Core Needs Analysis as well as your financial criteria, household requirements, etc.
  3. Keep you in control of your experience, as you pre-approve or reject each suggested home listing
  4. Help you find the RIGHT HOME and at the RIGHT PRICE.
  5. Consult with you to determine your particular real estate goals. Help you define your financial ability to purchase a home, and…

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10 Questions to Ask Home Inspectors

Before you make your final buying or selling decision, you should have the home inspected by a professional. An inspection can alert you to potential problems with a property and allow you to make an informed decision. Ask these questions to prospective home inspectors:

1. Will your inspection meet recognized standards? Ask whether the inspection and the inspection report will meet all provincial requirements and comply with a well-recognized standard of practice and code of ethics, such as the one adopted by the American Society of Home Inspectors or the National Association of Home Inspectors. Customers can view each group’s standards of practice and code of ethics online at www.ashi.org or www.nahi.org. ASHI’s…

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10 Questions to Ask the Condo Board

Before you buy, contact the condo board with the following questions. In the process, you’ll learn how responsive — and organized — its members are. You’ll also be alerted to potential problems with the property.

1. What percentage of units is owner-occupied? What percentage is tenant-occupied? Generally, the higher the percentage of owner-occupied units, the more marketable the units will be at resale.

2. What covenants, bylaws, and restrictions govern the property? What grandfather clauses are in place? You may find, for instance, that those who buy a property after a certain date can’t rent out their units, but buyers who bought earlier can. Ask for a copy of the bylaws to determine if you can live within…

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5 Factors That Decide Your Credit Score

Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:

1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.

2. How much you owe. If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a good proportion of balances to total credit limits.

3. The length of your credit history. In general, the longer you have had accounts opened, the better. The average consumer's oldest obligation is 14 years old,…

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17 Tips for Packing Like a Pro

Moving to a new home can be stressful, to say the least. Make it easy on yourself by planning far in advance and making sure you’ve covered all the bases.

1. Plan ahead by organizing and budgeting. Develop a master “to do” list so you won’t forget something critical on moving day, and create an estimate of moving costs. (A moving calculator is available at agent.com)

2. Sort and get rid of things you no longer want or need. Have a garage sale, donate to a charity, or recycle.

3. But don’t throw out everything. If your inclination is to just toss it, you're probably right. However, it's possible to go overboard in the heat of the moment. Ask yourself how frequently you use an item and how you’d feel if you no longer had…

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10 Questions to Ask Your Lender

1. What are the most popular mortgages you offer? Why are they so popular?

2. Which type of mortgage plan do you think would be best for me? Why?

3. Are your rates, terms, fees, and closing costs negotiable?

4. Will I have to buy private mortgage insurance? If so, how much will it cost, and how long will it be required? (NOTE: Private mortgage insurance is usually required if your down payment is less than 20 percent. However, most lenders will let you discontinue PMI when you’ve acquired a certain amount of equity by paying down the loan.)

5. Who will service the loan — your bank or another company?

6. What escrow requirements do you have?

7. How long will this loan be in a lock-in period (in other…

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It's no secret that the Canadian Real Estate sector has been a booming industry in the market in recent times. Even though the property prices are high, the properties still exhibit immense returns.

If you are planning to invest in the real estate sector, it can be one of the best decisions because the mortgage interest costs are historically low in Canada. Moreover, the country doesn't need residency or citizenship to own or operate the properties.

Let's dive into this post and learn the fantastic ways of real estate investing in Canada! How can it be an income-generation source for you?

What is Real Estate Investing?

Real Estate Investing involves buying, leasing, renting, and managing residential, commercial, and industrial…

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5 Things to Know About Homeowner’s Insurance

1. Know about exclusions to coverage. For example, most insurance policies do not cover flood or earthquake damage as a standard item. These types of coverage must be bought separately.

2. Know about dollar limitations on claims. Even if you are covered for a risk, there may be a limit on how much the insurer will pay. For example, many policies limit the amount paid for stolen jewelry unless items are insured separately.

3. Know the replacement cost. If your home is destroyed you’ll receive money to replace it only to the maximum of your coverage, so be sure your insurance is sufficient. This means that if your home is insured for $150,000 and it costs $180,000 to replace it, you’ll only receive…

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