Gagan's Blog

Market Shows Signs of Improvement Ahead of Further Rate Increases The GTA housing market showed some improvement during August as sales and prices increased from July. The 15% monthly gain in sales was unusual for August, which is typically the slowest period of the summer for home buying. Nonetheless, sales were down 34% from a year ago and represented a 20-year low for August. Over the past 12 months, total sales volume of 91,412 transactions fell back to its late-2020 level and... [read more]

  It has been interesting times to say the least.  I hope you and your loved ones are taking the necessary steps to stay healthy and active.     As restrictions begin to loosen and some businesses get back to business, the residential real estate market got a little busier over last month with the volume of transactions across all home types up 50% over the month of April.  The number of Active Listings are well below the usual seasonal averages... [read more]

In April, Canada’s SNLR was 58%, down from 62% in February of this year. For reference, Zoocasa says a range between 40 – 60% indicates balanced conditions, while below and above that threshold indicate local housing market conditions favouring buyers and sellers, respectively. For the largest drop in sales, Montreal CMA had a 65% decline between February and April from 5,338 to 1,890, according to the report. As for the smallest drop in sales, Winnipeg recorded 739 sales... [read more]

One of the biggest questions we all seem to be asking these days is: When are we going to start to see an economic recovery? As the country begins to slowly reopen, moving forward in strategic phases, business activity will help bring our nation back to life. Many economists indicate a recovery should begin to happen in the second half of this year. Here’s a look at what some of the experts have to say.      “I think there’s a good chance that... [read more]

It has been an interesting seven to eight weeks since the province wide quarantine began and I don't know about you but it has actually gone by faster than I ever anticipated.  That said I am really ready to get going and get social again.  The weather is finally improving which has allowed us to get outside and get some much needed fresh air.   It has been interesting to watch the economy and to see how other industries are fairing through this... [read more]

Some were already planning on selling spring 2020 while others have had changes in their personal circumstances that are necessitating a sale. We’re getting a lot of calls these days from future Sellers. With COVID-19 on everyone’s minds and changing our daily habits, what’s a Seller to do? While our advice to ‘Pause, Watch and Wait’ during the COVID crisis hasn’t changed, we wanted to share some specific to-do’s for future GTA Sellers who want... [read more]

Buying a new home in the Toronto area? Not only will it cost you nearly $800,000, on average, you'll pay more in government-imposed fees than anywhere else in North America! The GTA-based Building Industry and Land Development Association (BILD) recently commissioned data researchers from the Altus Group to take a look at how much people can expect to pay in government charges and fees on new homes across both Canada and the United... [read more]

Most of us already know that saving for a down payment on a Toronto house is out of reach, but the amount of time it would actually take to do so may shock you.  According to a new Zoocasa report, it would take a median-income household 32 years to save for a down payment on an average Toronto home.  That's right, 32 years — better start saving! The report, titled "Where Could a Median-Income Household Afford Real... [read more]

Hold on to your rent-controlled place for dear life, my friend, because Toronto's affordable housing crisis is far from being over. In fact, economists say that unless all levels of government take immediate action to spur new investment in rental housing, the situation is going to get much, much worse — as in worse than the already absurd $2,300 per month for an average one bedroom condo we're looking at now.  A new... [read more]

There’s a perception out there that Toronto Landlords are raking in money at the expense of tenants. No doubt, we have an affordable rental problem in Toronto..but are greedy Landlords the problem? We help over 100 TorontoTenants find a home each year, so we’re not naive to the challenges of renting in Toronto. But we help a lot of Landlords, so we’re well versed in the challenges of being a Landlord too. Today, we’re looking at Toronto’s rental... [read more]

  Everything from forks to favourite stuffies, bathroom stuff, kids’ bedding and kid-specific activity stuff should be labelled, so you know where to find the essentials that will make your kids feel right at home. Pack Boxes For Each Child If you want your kids to help on the other side, in each room, pack the things that belong to that child in their own boxes. There are a lot of little decisions that you’ll need to make when moving... [read more]

Many millennials in today’s marketplace find themselves doubting that they’ll ever be to afford a home in their lifetime. After paying back student loans, rent, utility bills, meals and transportation, there’s not likely to be much wiggle room in the saving department. However, when saving for a big purchase, every bit helps and there are some simple ways that millennials can put away a few extra dollars each month. Share living costs with a roommate. The... [read more]

Like any industry, innovation in the land calling progresses dangerously fast and can abandon you pondering where to begin. Out of all the applications accessible, which ones will really have a huge effect in your land wanders? I've made it simple on you by giving a rundown of a portion of the best land applications to enable you to get some additional understanding when purchasing or offering your home.   1. Realtor.ca Definitely Realtor.ca has a standout amongst other... [read more]