Toronto's real estate market has been a focal point of global financial discussions, especially concerning its vulnerability to housing bubbles. Notably, back in 2022, the city was highlighted as one of the major risk areas by the UBS Global Real Estate Bubble Index. Fast forward to today, and the narrative has shifted significantly.
The landscape of real estate in Toronto has seen significant changes, especially in recent months as mortgage rates have declined and home prices have adjusted. For potential homeowners, understanding these shifts is crucial in determining the feasibility of purchasing a property in one of Canada's most vibrant and expensive markets.
Canada's recent mortgage reforms are among the most significant changes in decades, aimed at making home ownership more accessible while stabilizing the housing market. Announced by the Liberal government, these changes could impact a wide array of potential home buyers, from first-timers to those looking to renew or upgrade their mortgages. Let's...
The Canadian government recently announced significant updates to the mortgage rules, marking a pivotal change since similar regulations were introduced back in 2017 with the Fair Housing Plan and the mortgage stress test. These changes, effective from December 15, 2024, aim to make home buying more accessible, particularly in high-demand markets l...
Toronto experienced its coldest summer in real estate in over 20 years. The market saw significant shifts in inventory, pricing, and sales across various property types, and many are curious about what this means for the upcoming fall season. Here's a breakdown of the summer's numbers and a look at what we might expect moving forward.
Having been through numerous property renovations, from simple makeovers to complete gut jobs, I've accumulated a wealth of knowledge on navigating the complex world of remodeling. In this post, I'll share key insights and practical advice to help homeowners and investors manage their renovation projects effectively.
