Navigating the current real estate market is proving to be frustrating for sellers hoping for the return of last year’s bubble prices, as well as for buyers waiting for the bottom to completely drop out (both of which scenarios seem unlikely). But, others in the market are being rewarded, as sellers are still seeing good selling prices and buyers are able purchase without many of the hassles that engulfed the process last year- i.e. bidding wars and bully offers. Thus, those that have accepted the reality of the current landscape appear to be much better off than the ones that ...
Navigating the Current GTA Real Estate Market
March 27, 2018
Mortgage Qualifying Changes- How Do They Affect You?
November 8, 2017
You’ve likely heard changes are imminent regarding mortgage qualifications. Maybe it was murmurs around the office, perhaps an article you read, but you know something is in the works- and something certainly is and will be effective Jan 1st, 2018. First off, if you are considering buying or selling real estate in the near future, the changes shouldn’t spark panic, so let’s take a collective breath. However, they are significant and you need to be aware of their implications so that you can make the best decision for you going forward. Let’s break it down. The biggest ...
Moving Past the Real Estate Mirage
September 19, 2017
It’s been a roller coaster of a year in the GTA real estate market and for some buyers and sellers, making them feel like they’ve literally rode the Leviathan at Canada’s Wonderland, their heads spinning and stomachs queasy as they’ve watched home prices rise and plummet in dramatic fashion, in a matter of short months. And for many of them, it’s difficult to comprehend and accept what has taken place in the market. Home sales are certainly down in the past several months and the market seems to be more sluggish than what we’ve been accustomed to in recent years. ...
The Big Shift
May 5, 2017
The Big Shift Are you noticing more ‘for sale’ signs on your neighbours lawns these days? Do you see the words ‘Coming soon’ lately and think, not another one?! Rest assured, you’re not imaging things, the real estate market has shifted and shifted rapidly at that. From January through March, housing inventory was incredibly low. At any given time in Newmarket, there never seemed to be more than 50-70 houses for sale at any given time. Supply could not keep up with the rampant demand. An agent would barely finish hammering the post into the ground before buyers would descend like vultures ...