Do you have to leave after your lease ends? Do you know all of your legal options? Join Lawrence Mak as I talk about what a 12-month lease means and the different options that tenants and landlords have at the end of the period.
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This is another story in the media about Buyers losing money when dealing with preconstruction buildings. As the article states (not proven in court yet), Boss Luxury Towns was a 72-townhouse project in Richmond Hill. The builder was operating without a license and so the project was cancelled. Unfortunately, only $100k of the deposits are "protected" and so some Buyers may potentially...
In April 2022, the average home sold for $1,254,436. This is down -3.5% from last month, but up +15.0% from last year! There were 8,008 sales in April which is 41.2% lower than in 2021. So what does this mean for you? If you’re buying… This is an excellent opportunity to get what you want without as much competition. Possibly at a discount! And for the Buyers who don't want as...
The average home sold for $1,254,436 across the GTA, which is an increase of +15.0% since last year.
Have you ever dreamed of building your own custom house? What’s involved with financing a new build and what are the costs?
What are the new government regulations and how does the Seller make the most money?
How does the new Canadian Federal Budget in 2022 affect real estate in Toronto?
In March 2022, the average home sold for $1,299,894. This is down -2.6% from last month, but up +18.4% from last year! There were about 11,000 sales in March which is a lot lower than in 2021, when there were 15,628 homes sold. Detached homes are down from last month. Condos are slightly up but not significantly. The few Sellers that were aware of the trend likely cashed in as soon as they...
The average home sold for $1,299,894 across the GTA, which is an increase of +18.4% since last year.
Today, the Provincial government has increased the Foreign Buyer's Tax from 15% to 20%. This was a sudden change, but not entirely unexpected. As you may remember, when the previous Provincial government initially introduced the Foreign Buyer's Tax in 2017, Toronto detached homes dropped an average of $400k over 4 months. The problem is, I expect a lot of changes in the next year that won't solve...