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…
Ready or not, homeowners in Markham are in the midst of one of the hottest sellers markets ever. Riding the wave of ongoing low interest rates and demand that outstrips the supply of homes on the market, record high prices are being set for every type of home, from fully detached to condo apartments. As…
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…
You might consider yourself lucky. You own a home in Markham. Maybe it’s all paid off. You like it here, and, perhaps best of all, you have no desire or reason to get into Markham’s the sizzling hot real estate market. You can just relax and enjoy all the benefits of living in one of…
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…