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A research study by BMO senior economist Robert Kavcic suggests that the GTA housing market will be overvalued in the next two years. Overvaluation occurs when an asset has too high a price that is not justified by its intrinsic economic value. In financial theory, it is recommended to sell these assets before their prices are corrected. Much like in 1989, this is the scenario that is being projected by Kavcic.     Reselling real estate within a short

Diverse, affluent and right in the heart of the Greater Toronto Area, Aurora is a small town with a big personality.     Recognized by MoneySense Magazine as one of 2016’s top 20 places to live in Canada, the municipality just north of Richmond Hill boasts an appreciation of the past, gorgeous scenery and luxury living, and no matter your interests, Aurora is a place anyone can feel comfortable calling “home.”   With over 650 architecturally and/or historically significant buildings,

Now that the holiday season has come to an end, we’re so excited to welcome 2017 with open arms! We have no doubt that this is going to be a hot year for real estate and first-time investors. Whether you’re looking to purchase a glitzy condo in the city or a comfortable detached home in the suburbs, we’ve curated a list of the first places you should be looking this year. Are you planning to start a family? How far

We’ve seen an increase in the number of millennials (those born after 1980) investing in real estate. This has some people wondering — how? It’s no secret that the delicate economic climate has proven to be a less-than-optimal environment for young people. But there are many options for millennials to crack into real estate, and many of them have been taking advantage of these opportunities.     One popular option is investing in real estate investment trusts (REITs), which are

Real estate is not only about “location, location, location” — choosing the appropriate agent is also crucial for a successful transaction in the real estate market. The industry is at its hottest, and by selecting a seasoned, trustworthy agent, you’re sure to have a positive experience while buying or selling your home. Here are the top five reasons why Your Community Realty is the preferred choice for Greater Toronto Area dwellers.     1. We’re Experienced. Having been in the

In Greater Toronto, each neighbourhood has something unique to offer. Culture, history, architecture and lifestyle are different from one area to the next. Some of these neighbourhoods are rising up in value quicker than others due to new property developments.   With real estate, location is always important. Let’s look at five up-and-coming neighbourhoods in Toronto’s suburbs.     Aurora, York Region . This affluent town 20 kilometres north of Toronto is an oasis of stylish and gracious living. Tucked

Is high commission or good commission better for real estate agents?  Many real estate agents who have just finished their studies, start looking for a brokerage immediately after graduating. The only factor that many of them look at while searching is the commission rate of different real estate agencies. They forget that this should only be one of the things they take into consideration when trying to start a real estate career. In this blog post, we will go through

When you decide to sell your house, you will probably try to save wherever you can. And that’s perfectly understandable. However, before you finalize your decision, we encourage you to look into the advantages of working with a real estate agent. It does not cost anything to inform and gather some insights about the topic so that in the end, you can make your decision comfortably; knowing that you have fully researched and understood your options. What Do Real Estate

Buying pre-construction condos is becoming more and more of a trend in Canada. Toronto has the highest amount of condos in North-America but the GTA is catching up now, as well. You can see many empty lots with the premise of a towering condo building to be built on the spot. These dwellings usually get sold in no time. So is it a good idea to buy a pre-construction condo? Yes! The amount of money you have to put down

Mortgage is a dreaded word for most people. For some, it might sound like a pair of shackles brattling. However, mortgage is a modern invention that makes buying a house affordable to almost anyone. Back in the 20th century only the wealthiest was able to buy a house because they were the only ones who were able to pay greater amounts upfront in cash. Not many people have the means to do that these days, either; and that is why

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The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.

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