According to new data from the Royal LePage, luxury condo homes are growing in value compared to detached houses with an average of 10.4% increase in prices over the last four months. The Greater Toronto Area (GTA) has experienced declining homes sales in a season that bring in high volumes. The decline is attributed to government interventions, high mortgage rates, and low sales activity. Sales activity across the GTA has been slowing down as both buyers and sellers adjust to economic measures the federal and provincial governments put in place to cool off the markets after the high experienced ...
Toronto’s Growing Condo Market
May 24, 2018
Toronto’s Housing Market This Spring
May 17, 2018
Spring is always the season that sees a booming rise in home sales after slow sales in winter. However this year things are different in Toronto. The home sales have been going down since January, but experts are optimistic that the market will rebound back this spring. Home sales dropped by a staggering 35% from last year, with prices falling by 14%. Although the year-on-year comparisons have seen a drop, month-on-month comparisons tell a different story. There has been a steady increase in the housing market. The listings have been increasing, and there has been steady growth in demand and ...
10 Amazing Condo Decorating Ideas
May 14, 2018
Space is always a challenge for decorating condos. Saving up space is a constant endeavour for condo dwellers. How do you keep your home neat, organised and looking great while dealing with limited space? Here are ten guidelines to follow when decorating your condo; Lighter Tones – Lighter colour tones visually expands the room, making it appear bigger than it is, while darker hues make rooms appear compact. Stick to lighter tones like light creams, pastels, greys and neutral colours. Glass Pieces – Mirrors are popular room extenders. Aside from strategically placed mirrors, glass also extends the ...
One-Day Insider Sales Events For 2 Top Developments
May 8, 2018
One-Day Insider Sales Events For 2 Top Developments. Happening This Saturday May 12th Universal City Condominiums in Pickering Stunning Suites Starting From The Low $300K's Ranging From 1 To 3 Bedroom Units 2 Minutes From Pickering GO Station & 401 Access AMAZING Extended Deposit Structure With Only $3000 On Signing! Click here to view Floor Plans Click here to view the Brochure Register Here to Book an Appointment Time Modern Townhomes in North Oshawa STARTING PRICES RANGE FROM $529,900 TO $589,900! FROM 1760 SQ.FT. TO 2160 SQ.FT! OPT. 4 BEDROOM/DEN LAYOUT $2500! CERTAIN LOTS SUBJECT TO PREMIUMS! CLOSING ...
Debunking the “Buy, Hold, Sell” Condo Investment Approach
May 7, 2018
Nick (not his real name) plans to invest in a Toronto condo and so he makes a date with his trusted real estate agent and explains his interests. He intends to buy, hold and sell his condo in 10 months. Obviously, Nick wants to have a minimum risk on his new investment and to make profit on some 10 months or so condo appreciation. The truth is, there’s a problem with his thinking and the sad part is he’s not alone. The short-term investment mindset is the current trend in Toronto real estate market that we would highly advise against ...
5 Reasons Condos are the Ideal Starter Homes
April 30, 2018
Buying your first home is a major adulting milestone. Your own home comes with independence and the pride of ownership. However, it also means responsibility and increased costs of living. Thus, wisely choosing your first home is key to successful homeownership. First home buyers will often look for smaller homes, fixer uppers and condominiums, mainly because of its price tags. Here are five reasons why condominiums win as the best starter homes; Condos are more affordable. Condos are generally cheaper than houses of similar size and location. This means lower contract price, more affordable down payment and lower ...
Tips for Buying A Toronto Condo In 2018
April 25, 2018
With a boom in condo ownership, buyers are expected to become savvier about what makes a condo unit stand out. Whether you are a first time buyer or a seasoned investor, you’ll find home buying exciting and equally overwhelming at the same time. You will be entering a vast world of terminology, conditions and process you likely have little or no experience with. In this article, we discuss 5 tips you need to consider before taking the leap to help you navigate the process smoothly. 1. Builder Reputation Before you put your money down to anything, it ...
Top 10 Features that Sell Condominiums
April 23, 2018
How you position and promote your condo apartment will reflect how it will go – a quick sale or a languishing listing in the market. To improve your chances of selling your condo faster, it is important to note what the buyers are looking for, so you can highlight the same features in your listing. It will not give much benefit promoting features that nobody wants while burying those that are attractive to buyers. City Views – Amazing city views are premium condo selling feature. Living high and enjoying the views are among the top perks of the condominium ...
The Perks of Living Alone
April 16, 2018
The number of people living alone in condominiums is rising. Going solo is a lifestyle. In an age of social connectivity and collaborative workplaces, living alone provides a break from too much socialisation and interaction. Having a home all to yourself gives you identity, the respite from the everyday hustle-bustle and freedom from all cares, if only for a few hours a day. Live as you like it. You can play your kind of music, bring in pets or friends without having to worry about bothering anybody and go as clean or as messy as you’re comfortable. Go naked ...
Condo Rental Tips for First Time Landlords
April 9, 2018
Real estate is still the safest investment choice. Land and home values are slowly and steadily increasing. Condominiums offer a more dynamic investment option as if done correctly they can generate a positive cash flow from rentals. Condo units are also cheaper and usually easier to sell than detached homes. However, to be a successful condo investor, you will need to know and do your duties as a landlord and to learn to find the perfect tenant. Here are some condo rental tips for first time landlords; Review your building’s rental rules. Condos in Canada are governed by ...