One of the unforeseen consequences of the pandemic has been a red-hot housing market with prices rising 22.2% annually as of November 2021. Some GTA markets such as Toronto increased 28.4% year-over-year to $1,242,793 for January 2022. Many home buyers rushed Full details …
Three years ago Premier Doug Ford introduced an exemption to Ontario’s rent control rules for units first occupied after Nov. 15, 2018. New buildings, additions to existing buildings and most new basement apartments that are occupied for the first time Full details …
After the recent election win, the Liberal government may adopt one their election campaign pledges to end blind bidding on properties in Canada. Blind bidding prevents the competing purchasers from knowing the bids of other buyers. This system is blamed Full details …
Housing affordability is becoming more challenging for buyers in the GTA. Salaries do not keep up with rising home prices and high-ratio mortgages can be difficult to obtain for a buyer on a strict budget. A family member or a Full details …
When selling a house vendors are often requested by potential buyers to provide a property survey. Buyers need the survey to confirm the size of the property as well as the locations of fences and structures on the property (i.e., Full details …
Despite the COVID-19 pandemic the Ontario real estate market remained remarkably strong. Bidding wars are common occurrences in Toronto, suburbs and rural home markets now. Sellers are holding back offers by setting a date/time to receive all offers at once Full details …
While preparing a property for a listing, your agent will present you with a number of forms. Some of the form are mandatory, the others are optional. Seller Property Disclosure Statement (SPIS) is an optional document filled out by the Full details …