July 13th, 2023 So like a broken record we keep coming back to the same few topics over the years, but we are in one huge pickle here in Canada and most of us could see this coming for a long time now. As you likely know by now, the Bank of Canada hit us again this past Wednesday with yet another .25% increase to the overnight rate. A high that it hasn't reached for the past 21 years as w...Read More

So as of June 7th, 2023, the Bank of Canada caught us a bit offguard with raising the overnight rate another quarter point up to 4.75%, the highest it has ever been in over 22 years. We were anticipating that they may raise it another time but most pundits were thinking maybe by July and that they would simply let it ride. One of their decisions to likely do so was that April's infla...Read More

  I often get asked what an Underwater Mortgage is or if it's wise to shop for properties that are in the Midst of Foreclosure. Thought I'd do a quick write up and explain the differences between the two with some risks that are involved, so here goes: An Underwater Mortgage is a situation where the outstanding balance on a mortgage loan is greater than the value of the property ...Read More

    So with all that is currently going on in the world there are factors at play that have a daily affect on our current market.   Yesterday I had the extreme pleasure to sit amongst a select few colleagues and listen to a presentation from CIBC's Managing Director and Deputy Chief Economist - Benjamin Tal on some insights on what is currently happening and how these events...Read More

  Understanding What You’re Signing   After almost a decade in real estate I have seen a fair bit of changes over this time. When purchasing a home there is a lot of important paperwork that is involved in either selling or buying a property.    While some real estate forms may vary, the Ontario Real Estate Association (OREA) does have standard forms in place that ar...Read More

While the market is definitely cooling off a little, we are still experiencing multiple offer situations on certain listings. If you haven’t been following the market too closely in the recent and current markets, Sellers would put their home on the market typically underpriced to attract more buyers and they would hold off on taking any offers on the property until a certain date - AKA: off...Read More

      What brought this blog on is that I had a lady call me not too long ago asking me what I meant by equity in my video above? She actually had no idea what equity was, what it meant to her, what it could be doing for her so I happily broke it down so she had a good understanding of the importance of equity. If you’re unaware of what Equity is, I’ll quickl...Read More

  The hopes and aspirations of Canadians have changed across the generations. Yet, for many couples, getting married and purchasing a home together remain cherished milestones.  The challenge lies in the quest to accomplish both in the same decade.   Many adoring couples want the experience of proclaiming their vows, in front of family and friends, followed by a ce...Read More

The 2020 forecast       Well it’s apparent that the time that we’ve grown accustom for the start of the GTA’s Spring market is simply not on that timeline this year, as 2020 clearly did not get that memo. TREB released its 2019 year in review last week and we were able to see some more concrete numbers on how 2019 finished up as a whole as well as where the f...Read More

So we’re a little past mid January 2020 and the real estate market appears to be in full swing… yes you read that right. The market has actually been quite active in what is typically a slower month of the year. This month many consumers are just staying in from the cold and getting over the hectic holiday season, while some are holding their collective breathe as their credit card bi...Read More