Journal
Notes from the practice — market reads, neighbourhood stories, and practical advice on buying and selling well in Etobicoke.
18 stories tagged “All Posts”
All Posts
‘Great for landlords, horrible for renters’: How a runaway rental market has become Toronto’s latest housing nightmare’
By Denise Paglinawan, Financial Post ‘Bidding wars are now common in a city where rents have skyrocketed 20% in one year’ Read the article here!
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Garden Suites Now Permitted in Toronto After Dismissal of Appeal
Government Relations 12 July 2022 The City of Toronto Garden Suites By-law is now in full force after the Ontario Land Tribunal (OLT) dismissed an appeal. The Garden Suites By-law and Official Plan Amendment were adopted by Toronto City Council on February 2, but were appealed shortly after. On July 4, 2022, the OLT decided that it did … » Read More about Garden Suites Now Permitted in Toronto After Dismissal of Appeal
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Featured Listing: One bedroom unit in the heart of King West
Just Listed! Sunny one bedroom condo in a beautiful boutique building! Check out the listing here! Address: 400 Wellington St. W, 203 Listed for: $579,000 MLS: C5577507 Area: King West Beds: 1 Baths: 1 Parking: 1 Locker: 1 Features: One bedroom, One bathroom Approx 600 square feet Unobstructed north facing view One parking spot One locker Highly … » Read More about Featured Listing: One bedroom unit in the heart of King West
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Featured Listing: 24 Edward Horton Cres
Beautiful newly built executive townhouse with sunlit exposure and thousands spent on upgrades. Check out the listing here. Listed for: $1,398,000.00 MLS: W5531107 Area: Norseman Heights Beds: 4 Baths: 4 Parking: 3
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Extreme Makeover: Gingerbread House Edition!
Send us pictures of your best Ginger Bread houses for a chance to win a Visa Gift Card and $100 donation to the Toronto Star Santa Claus Fund. Just send a picture of your architectural masterpiece to info@ferrier.ca by December 21. Our extremely qualified judges will select a winner and announce it on our … » Read More about Extreme Makeover: Gingerbread House Edition!
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Buying and Selling during COVID-19 May Market Stats
Toronto Regional Real Estate Board President Michael Collins, May 2020: With public confidence creeping back after the Premier announced the beginning of Phase 1 re-opening in Ontario, the real estate market has responded with a jump in sales and average price when compared to the previous month. TREB announced that Greater Toronto Area REALTORS® reported 4,606 sales … » Read More about Buying and Selling during COVID-19 May Market Stats
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A 2018 Christmas Poem
Wishing you all the best this holiday season and a healthy, happy 2019 for you and your loved ones! ‘Twas the night before Christmas And all through the world, The people were waiting For Santa’s plans to unfold The Reindeer were feeding, Santa’s suit pressed and cleaned, But the sleigh sat empty Not a … » Read More about A 2018 Christmas Poem
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2018 Toronto Real Estate: Frequently Asked Questions
After a long hot summer, we are now well into fall, a season where we often see a rise in real estate transactions. Many of you have asked what’s happening with the current market, so I have decided to share some of my thoughts with you. Across Toronto, we are still in a low … » Read More about 2018 Toronto Real Estate: Frequently Asked Questions
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Renovating before you list
Often sellers look at renovating parts of their home prior to listing it on the market. However not all updates will produce the same return on investment, and some may be flat out money pits. Here are some things to consider before you embark on a resale renovation. What are you updating? Bathrooms and Kitchens … » Read More about Renovating before you list
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Investing in pre-construction
Don’t go in alone With the growth and surplus of pre-construction available in Toronto it can be very overwhelming when narrowing down a development to choose from. Most people understand the benefits of using an agent when buying a re-sale home, however when it comes to pre-construction, many choose to purchase straight from the builder, leaving them … » Read More about Investing in pre-construction
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Monthly Market Update – October 2017
October stats pointing to stronger market conditions in the GTA Summaries provided by Royal LePage Real Estate Services Ltd., Brokerage Residential sales showed an above-average unit sales increase between September and October 2017 of almost 12%. Condominiums were a key driver of both this increased number of sales and an overall 2.3% increase in selling … » Read More about Monthly Market Update – October 2017
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Interest rates rise for the first time in 7 years
The Big Five Follow Suit It’s been two weeks since The Bank of Canada raised their interest rate for the first time in seven years, to 0.75%. The increase has been a long time coming, and the Canada’s Big Five have already followed suit, raising their prime rates and affecting a number of … » Read More about Interest rates rise for the first time in 7 years
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Understanding the Ontario 15% Non-Resident Speculation Tax
The New Tax Ever since Vancouver’s real estate market cooled following the introduction of a Foreign Buyer’s Tax, Torontonian’s have been wondering whether a similar tax will be implemented in Toronto. Late April, it was announced that Toronto will indeed be getting their very own Non-Resident Speculation Tax. So, what does this mean, who … » Read More about Understanding the Ontario 15% Non-Resident Speculation Tax
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Monthly Market Update – May 2017
Values Are Up…Again Sales are up an astonishing 24.5% from last April in the GTA, increasing the average price of a detached home in Toronto to $1,578,542. We’ve been seeing this constant increase in freehold properties for over a year now, however a relatively new change in the numbers is seen by Condo Apartments. Although condo property values have … » Read More about Monthly Market Update – May 2017
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Your Spring Checklist
Spring is here and it’s time for all of us venture outside again. A quick look around your home will save you future heartache and save you money. Chimneys If you have a masonry chimney, check the joints between the bricks or stones. Have any fallen out? Is there vegetation growing out of them? Each … » Read More about Your Spring Checklist
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Staging: Benefits and Drawbacks
Home staging tends to have polarizing views on whether aids selling a home. The truth is, staging can have extremely beneficial outcomes, if it’s executed correctly and on a suitable property. What is Home Staging? Staging can range from decluttering, a simple coat of paint, renting furniture and decor, or in some cases, it can include a small … » Read More about Staging: Benefits and Drawbacks
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Q1 2017 Royal LePage Report
Royal LePage House Price Survey released it’s 2017 First Quarter report on April 18, and to nobody’s surprise, reported substantial price growth in Toronto during the last four months. Much like the past couple years, many Canadian’s saw an increase in their home values, Torontonian’s at the high end of that spectrum. Toronto’s rapidly raising … » Read More about Q1 2017 Royal LePage Report
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First Time Buyers: Rebates Explained
You may be aware of the Land Transfer Tax that both the province of Ontario and the City of Toronto apply to the purchase of real estate, but it seems many are not as clear on how the First Time Home Buyers Credit works. The FTHBC rebates a portion of the closing costs and is separate … » Read More about First Time Buyers: Rebates Explained