Last week, I had the pleasure of helping two people find two rental units downtown. I've seen the same pattern over many years, so I'll tell you exactly what I told them: There is always a spike in activity in the Summer months leading up to September because of the start of the school year.The smart students already secured a place in June. By July, most students only begin to think about...
Weekly Market Update
Why do you need Mortgage Insurance? Join Lawrence Mak and Christopher Lee as we discuss the benefits of mortgage insurance and methods of protecting your largest asset. Why do you need mortgage insurance?What about mortgage insurance through your financial institution?What are the pros and cons with getting mortgage insurance through your bank?Who's the beneficiary?What other benefits can you...
I'm pleased to announce our newest listing at 4201 Hartfield Grove in Mississauga. This is a gorgeous 4 bedroom, 6 washroom house with 2 full bedrooms in the basement and a separate entrance. For photos, virtual tours, floor plans and pricing, go to:www.4201HartField.com Although staging and photography took about a week, the preparation by the owners took much longer. When...
In this video, you'll learn the 4 secrets to selling your home for the most money: Secret #1: More buyers will get more money Secret #2: More emotions will get you more money Secret #3: More experience will get more money Secret #4: Pricing your home right, will get you more money I was fortunate enough to win this free video production at a Small and Mightly Networking event. Their...
As you may have heard, there is a new "Stress Test" that will be taking place on June 1, 2021. I had the opportunity to ask Chris Molder, a mortgage broker from Tridac Mortgage, about the changes and how it affects home buyers. Watch the Interview The stress test increased from 4.79% to 5.25% and now affects both insured and uninsured mortgages. So if you need a mortgage of $1,000,000, your...
As you may have heard, there is a new "Stress Test" that will be taking place on June 1, 2021. I had the opportunity to ask Chris Molder, a mortgage broker from Tridac Mortgage, about the changes and how it affects home buyers. The stress test is increased from 4.79% to 5.25% and now affects both insured and uninsured mortgages. So if you need a mortgage of $1,000,000, your purchasing power is...
The average price is up +32.8% compared with last year, when COVID started. But if you look at the numbers from March, they are actually dropping. I am seeing a softening in Mississauga and Brampton. For about half of the houses we were looking at, they actually accepted a "conditional" offer! In a super-Seller's market, this is unheard of, so it suggests that either fewer listings are...
With the crazy house-prices in Toronto, many homeowners are choosing to renovate their current home instead of upgrading to a new one. Recently, we talked with one of our clients who was planning to remodelling their house. Our designer recommended that you should always lay out a group of 6 to 9 tiles to see if that's the "look" you are going for?" Sure, the pattern or veins on one tile might...
As you may have heard, the market is still very strong for sellers. So now may be a great time to move to a smaller place and take some equity out of your home. I've talked with a few empty-nesters this year who are thinking about down-sizing because they are starting to find their empty, 4-bedroom home a little too much to maintain. Moving to a condo is a great option! Everything is taken care...
This week, we successfully sold a $2,000,000+ luxury home in Oakville. What makes this story interesting is that the Owners had previously tried to sell their home for about 11 months with another realtor and was not successful. Earlier this month, we sold another Toronto condo in two weeks when the Seller had previously tried over a two month period. We follow a simple formula: For example,...