Today, the Liberal Party of Canada announced their housing plan in the 2021 Canadian Election. Under the plan, they are proposing to use the criminal code of Canada to ban the use of “blind” or traditional offer processes for home sales. This proposed change would criminalize a homeowner’s right to sell their home how they want, essentially mandating forced housing auctions for all Canadians. OREA and all Canadians are rightly concerned about rising home prices and... [read more]

The sales report for Richmond Hill real estate       Would you like to get a report for your city? send us an email indicating your city.     [read more]

Ontario's Post Pandemic Real Estate and Economy Watch this short video for more info         For All Your Real Estate Needs Contact Amin Khoshnoud, Broker [read more]

TORONTO, ONTARIO, April 22, 2020 – Toronto Regional Real Estate Board President Michael Collins is reporting results for the first 17 days of April 2020, in order to provide some guidance on the impact of COVID-19 on the Greater Toronto Area housing market: • Greater Toronto Area REALTORS® reported 1,654 home sales through TRREB’s MLS® System during the first 17 days of April – down by 69 per cent compared to the same period in 2019.   Year-over-year... [read more]

Click the picture below to view the short video about how Coronavirus has impacted real estate market.   [read more]

Bamboo floors are increasingly being used as an alternative to laminate and hardwood flooring.  Modern engineering techniques allow bamboo to be formed into a wide array of beautiful presentations that have nothing to do with bamboo’s tiki lounge image of the past.  Colour, finish options and durability are similar to traditional wood floors. How do they do it? Bamboo is cut and laminated into sheets and planks. This process involves cutting stalks into thin strips, planing... [read more]

GTA REALTORS® Release November 2019 Stats TORONTO, December 4, 2019 - Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB’s MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in groundoriented home types, including detached houses, led the way. New listings... [read more]

The Bank of Canada will end 2019 as one of the only central banks that navigated the trade wars without cutting interest rates this year. Governor Stephen Poloz and his inner circle of deputies on Dec. 4 left the bench mark unchanged at 1.75 per cent, citing recent data showing the third quarter was stronger than expected. It was the ninth consecutive meeting at which the central bank opted to stay the course, a remarkable streak considering what’s happening elsewhere. The past 12... [read more]

The Ontario government recently announced plans to change the rules in the real estate industry in Ontario. The proposed changes are fairly broad, and will impact several areas, some in particular will impact you directly as the consumer.   The Real Estate Council of Ontario (RECO), is mandated by the Government of Ontario to protect consumers who buy and sell their properties through brokerages registered to trade in Ontario. RECO is here to assist you with what these... [read more]

Right when you first enter the home there’s a massive twin staircase that looks like something out of a Disney film. With a huge stained glass dome on top of the staircase. This mansion also has a cathedral ballroom. The kitchen has all top of the line appliances, marble countertops and the cabinetry is extravagant. In the home there is a beautiful library with wood shelving and a fireplace which takes working from home to another level. This... [read more]

Preparing for Winter   We don’t always like to talk about it, but winter is a harsh reality, especially in Canada. It seems as though every year, we get more and more snowfall, and the harsh conditions can often make it difficult to get around. Of course, your home is no exception to the rules of caution. The freezing temperatures can cause havoc on your home if you don’t take proper precautions. If you’re looking to survive the winter with little to no damage to your... [read more]

This days finding a great deal to buy a condo seems to be impossible in Thornhill, ON. Detached home market has gone so high in past 3 years that many can't really afford buying a detached home, plus they made it so hard for people to be aproved for mortgage and that is another reason why people are looking into purchasing townhouses or condos. So this has made condo market to boom as well in the past couple of years and made it really hard to find a great deal. Eden Park Condos are... [read more]

Greater Toronto Area REALTORS® reported 92,394 sales through TREB's MLS® System in 2017. This total was down 18.3 per cent compared to the record set in 2016. Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced. The pace of sales picked up in Q4, as the impact of the FHP started to wane, and some buyers arguably brought forward their home purchase in response to the new OSFI stress test guidelines effective January... [read more]

Greater Toronto Area REALTORS® reported 7,374 transactions through TREB's MLS® System in November 2017. This result was up compared to October 2017, bucking the regular seasonal trend. On a year-over-year basis, sales were down by 13.3 per cent compared to November 2016.   New listings entered into TREB's MLS® System in November 2017 amounted to 14,349 – up by 37.2 per cent compared to November 2016, when the supply of listings was very low from a historic... [read more]

Toronto Real Estate Board President Tim Syrianos reported 7,118 residential sales through TREB's MLS® System in October 2017. This result represented an above-average increase between September and October of almost 12 per cent, pointing to stronger fall market conditions. On a year-over-year basis, October sales were down compared to 9,715 transactions in September 2016. Total sales reported through the first 10 months of 2017 amounted to 80,198 – down from 99,233 for the same... [read more]

Avoiding Costly Mistakes: What You Should Know When Purchasing a Condo It can be an exciting experience, purchasing your first property. Pre-planning everything, searching the market, researching price factors, and planning for renovation. But as someone who doesn’t have previous experience purchasing property, you’re vulnerable to making mistakes. Some of these mistakes can be costly, resulting in huge financial loss. Avoiding Costly Mistakes Budgeting before... [read more]

When selling your condo, you may have a dozen questions about the selling price. How much will your condo would sell for? And how can you add more value to your property? While these are some important questions, it’s important to keep an open mind. Market prices tend to change frequently. Your property may be selling for a specific price for a certain period of time, but it may change within a couple of months. If this is your first time selling property in downtown Toronto,... [read more]

There is no doubt about the fact that Toronto’s condo market is experiencing an incredible surge. The clear evidence of this can be seen in the rapid building of condominium towers in the city. Although buying a condo in Toronto can be an incredible investment decision, there are still things you should know about. Here are some of them: The Neighbourhood This one’s pretty obvious but is worth a separate mention. The neighbourhood you choose to live will have several... [read more]

This morning the Government of Ontario announced a slew of measures, referred to as the Fair Housing Plan, intended to address some of the challenges facing the rapidly overheating housing market. The comprehensive set of actions is meant to take a multifaceted approach by helping cool demand, address shortages of supply, and promote affordability in the provincial housing market. Sixteen initiatives can be categorized into three broad buckets:  Demanding Cooling: A 15% non-resident... [read more]

Here's a list of 11 items: Keep layouts simple. Avoid angular walls. Embrace Great Room layouts: Kitchen/Dining/Living.  This will provide greater flexibility for entertaining and place the Kitchen and Living at opposite ends for noise buffering, while still keeping things open visually. Avoid unnecessary "formal" rooms.  They are typically very underutilized and eat up square footage. Plus, the Dining area in a Great Room layout will accommodate... [read more]

Houses sell fast when they are in a high demand area and priced right. A home that is priced right, will attract all buyers including investors. It helps if the house is also in good condition, but we have found that price is the number one motivating factor for a quick sale. Here are some basic tips that helps the sale of a house: These are 10 Tips to Sell Your Home Fast. Price it right from the start.  Enhance your home’s curb appeal. Update the interior and... [read more]

Once the home has recorded, your business obligations are complete.  If you had a nice experience your referral to others would be greatly appreciated by your Agent. Sometimes we become very friendly during a home purchase or sale and that relationship remains because of mutual respect.    [read more]

This depends on a couple of things. First, how experienced are you in investing? For beginner investors, the simple answer is a fix-and-flip is usually better because buying and holding is overwhelming. Second thing is money. What can you afford? Fixing a house and selling it immediately should give you a high ROI in a short time. Unlike buy-and-holds, it’s not like you have to wait a couple years to gain appreciation or rent out for a couple years to pay the mortgage.... [read more]