If you’re thinking about selling your home, you can’t be blamed for feeling like it might be one of the best times ever to do so. Real estate prices in Markham, York Region and throughout the GTA continue to rise at record levels. Combine that with the short supply of homes on the market, and…
Anyone in the market for a new home will no doubt have seen some of the extensive media coverage of the recently announced changes to mortgage requirements in Canada. With sustained low interest rates pushing up house prices at an unprecedented pace (Markham home prices jumped 16.8% in September versus September, 2015) the Canadian government…
It’s been 20 years now. After some tough years in the early 1990s, the Toronto and GTA real estate market has grown continuously since 1996, with the exception of a small correction during the recession of 2008 and 2009. Through it all, as each New Year unfolds, there is always wide speculation about whether the…
In a recent post, we talked about real estate headline fatigue, or the recent regular barrage of “record real estate” headlines. Not that we’re complaining! The great headlines are the sign of a healthy residential real estate market in Markham and across the GTA. However, the recent release of August’s home sales figures by the…
If you’ve bought or sold a home in Markham, or anywhere in Ontario, you’ll be familiar with Ontario’s provincial land transfer tax (LTT). It’s a tax on the price of a real estate transaction payable by the buyer. Charged at different rates for different real estate values, from .5% up to $55,000 to 2% above…
You may not know it, but you might be suffering real estate headline fatigue. Despite the fact that it’s good news for real estate markets, you’ve probably stopped reading articles with headlines like “Record House Prices in Toronto” or “New High for Home Sales”. But there was one recent ‘real estate record’ headline in the…