Should you be concerned about House Prices?
Of course, it is your home and likely the biggest investment of your life. However, the trend for house prices over the last 50 years is up. There are always dips but the housing market always rebounds. The typical down cycle is 3-5 years. So, if you are able [...]

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I wanted to give everyone the scoop on interest rates for the month of September.
A rate decision will be made by the Bank of Canada on September 3rd. The expected decision is for rates to remain unchanged. Here’s the most recent quote from The Bank of Canada: “The Bank now judges that the current stance [...]

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I’m sure everyone’s heard of the massive explosion Sunday morning at a propane depot near Keele and Wilson. Residents were evacuated and left homeless for 1 to 2 nights as emergency crews were working to figure out the cause and to make sure the area is safe for residents. There are still a [...]

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The federal government, in its attempt to avoid a housing crisis such as the U.S. is currently experiencing, have made some changes to the mortgage lending rules that you should be aware of. As of Oct. 15th 2008, no longer will one be able to purchase a home or condo with 0% down or [...]

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The Toronto Real Estate Board release it’s July 2008 report yesterday. Here are some highlights:

Sales remained at a moderate pace as 7,806 sales were reported
Sales declined 12% from June 2007, but increased 10% from 2006
A listing’s average time on the market increased from 31 days to 33 days.
There’s a 28% increase in available [...]

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I came across an interesting article in the Toronto Star today about the Toronto Real Estate Market and the multiple bidding wars still prevelant. Even during a time when the market has really cooled off, home buyers are still facing bidding wars and most times, the house they were so keen on buying have [...]

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Does that statement surprise you? Well according to a cost of living survey from Mercer, a UK-based HR firm, Toronto ranks 54th in the world as the most expensive city to live and the only Canadian city in the top 5 of North American cities ranking fourth after New York, Sao Paulo, and Rio [...]

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