To stay informed for our clients on the Real Estate Market, our team attended the Toronto Real Estate Board Market Outlook for 2023 - for the GTA and surrounding areas.  Here are the main points:   Many First time homebuyers will enter the market. They would rather own than rent Mass increase in immigration will create larger demand for re...Read More

                        Feb 16, 2023 -Aggressive interest rate hikes have invaded our territory and many people are looking for more affortable housing to offset the higher borrowing costs. At the same time, many have decided to sit back and watch as the uncertainity of the war in Ukraine unfolds and raging inflation continues to chang...Read More

Home Flipping Tax Government has introduced a new tax on Sellers who decide to sell their home before a 12 month period.  According to the government, if you sell before a 12 month period it's considered "home flipping" and profits will be subject to Business Income and not Capital Gains   Certain exemptions do apply. For example, if you are selling a...Read More

Last week, the bank of Canada increased rates once again - for the 7th time this year by 0.50 %, bringing the prime rate to 6.45%.   Default mortgages are not flooding the markets at this point - but there are reports of some private lenders reporting on missed mortgage payments. Expect some Power of Sales to hit the market next year. The amount of new lis...Read More

As inflation continues to rage through Canada, the Bank continues to raise interest rates to continue to fight inflation.  Last time i checked, our current interest rate increases haven't made a dent in our debt. If the Bank of Canada decides to cut rates too soon, we can enter into a stagflation which is a very bad thing and we definitely don't want that to happen. ...Read More