Tag: gta housing market

Why are First-time Homebuyers Maxing out a Budget?

The landscape has changed for first-time homebuyers in the GTA. According to a report by the CMHC, 85% of people entering the housing market for the first time are using their entire budget in order to make the purchase. This means they paying the highest down payment in addition to mortgage insurance and closing fees. […]

The GTA’s Investment in Infrastructure

The GTA led by John Tory has attempted to make a sizeable investment in infrastructure to meet a growing population and the needs of a modern society. An example of this is the Metrolinx Toronto Light Rail Transit project (LRT), which will serve to open up areas north of the city, making them more accessible. […]

Will the GTA Market Course Correct?

Many pundits and experts have been anticipating that the GTA housing market would experience a course correction at some point in 2018. Now that we’re in the last quarter of the year, it looks as if prices are trending up and that a full-blown course correction is probably not in the offering. Let’s review what […]

Affording an Investment Property

In the current real estate climate, people who can afford to own a home may wish to go one step further and purchase a second property solely as an investment. This means living in their first home, but consistently renting out the second—ideally for a profit and ultimately to sell it later on for a […]

Update on Mortgages for the Self-employed

Recently, we wrote a post about how self-employed individuals can be approved for a mortgage. Self-employed mortgage applicants face additional challenges because they pose greater risks to lenders because their income can be unpredictable. Last July, self-employed people looking to enter the housing market received some good news. The Canadian Mortgage and Housing Corporation (CMHC) […]

Why your Home isn’t Selling

There is nothing more frustrating than putting your property on the market, then watching it sit there month after month without ever receiving an offer. If you have a property that isn’t garnering a ton of interest, it might be wise to pull it off the market and to regroup with a new strategy or […]

What to Expect from a Home Inspection?

Part of purchasing a home is having a home inspector conduct a thorough examination, helping both the buyer and the lender understand the true value of the property. A home inspector will look beyond the staged aesthetic of the listed home to examine the true guts and systems that drive its value, functionality and livability. […]

Ontario’s Housing Supply

Ontario has been experiencing a housing shortage for some time but there’s no reason to panic. Conservative estimates place the GTA at roughly 25,000 condo units behind satisfying the demand. While the reasons behind it are positive—Ontario’s growing tech sector, job creation and influx of new Canadians—it is still an issue that requires a solution. […]