Real Estate Blog

The Bank of Canada made headlines once again by cutting its benchmark interest rate for the third consecutive time this year, bringing it down to 4.25%. While the Bank has signaled the possibility of further cuts, it has also emphasized the need to guard against inflation falling too far below its target of 2%. As we look ahead, it’s essential to understand what this means for home Buyers, the housing market, and the broader economy. A Closer Look at the Rate Cuts The most... [read more]

Downsizing can be a wonderful opportunity for seniors to transition into a more manageable and comfortable living situation. However, choosing the right home is crucial to ensure that the new space meets your needs and enhances your quality of life. Here’s a guide to help you understand the types of properties available and how to select the best home for your downsizing journey. 1. Condominiums Benefits: Low Maintenance: Condos typically require less upkeep since exterior... [read more]

Downsizing Benefits: Preparing for the Move - Emotional Transition Downsizing can be a transformative experience, offering numerous practical benefits like reduced maintenance and financial freedom. However, the emotional aspect of the move is equally significant and deserves careful attention. Preparing for the emotional transition is crucial to ensure a smooth and positive downsizing experience. Here are some key steps to help you navigate the emotional journey of downsizing. 1.... [read more]

Downsizing Benefits: Embrace Enhanced Mobility As we age, maintaining mobility and ease of access in our living spaces becomes increasingly important. Downsizing to a smaller, more thoughtfully designed home can significantly enhance your mobility and improve your quality of life. Here are the key benefits of downsizing for enhanced mobility: 1. Single-Story Living One of the most significant advantages of downsizing is the opportunity to move to a single-story home. Eliminating stairs... [read more]

Downsizing Benefits: Embrace Simplified Living In today's fast-paced world, many people are seeking ways to simplify their lives. Downsizing your home can be a powerful step towards achieving a more streamlined and stress-free lifestyle. By moving to a smaller, more manageable space, you can enjoy the numerous benefits of simplified living. Let’s delve into how downsizing can help you declutter your life and focus on what truly matters. 1. Declutter Your Space One of the most... [read more]

Downsizing Benefits: Embrace Reduced Maintenance Downsizing offers a multitude of advantages, and one of the most significant is the reduction in home maintenance. By moving to a smaller, more manageable home, you can enjoy a simpler lifestyle with fewer chores and more free time. Let's explore the key benefits of reduced maintenance when you downsize. 1. Less Cleaning A smaller home naturally requires less cleaning. With fewer rooms and less square footage, you can spend less time... [read more]

Benefits of Downsizing: Achieving Financial Freedom Downsizing your home can unlock significant financial freedom, allowing you to enjoy a more comfortable and stress-free lifestyle. Here are the key financial benefits of making the move to a smaller, more manageable home: 1. Lower Housing Costs One of the most immediate benefits of downsizing is the reduction in housing costs. Smaller homes generally come with lower purchase prices, which means smaller mortgage payments if you're... [read more]

In the world of real estate, the journey of selling a home can be filled with twists, turns, and unexpected challenges. One such challenge that many sellers may encounter is the expiration of their listing. If you've found yourself in this situation, know that you're not alone. Today, let's explore what expired listings are, why they happen, and most importantly, how to navigate through this hurdle with resilience and determination. Understanding Expired Listings An expired... [read more]

When purchasing a property, everyone knows you need a down payment, but many people don't realize that in addition to your down payment, more funds are needed to cover your closing costs. Closing costs are fees that can include title insurance, tax and utility reimbursements, land transfer tax, and miscellaneous smaller fees for services like notaries and wire transfers. If you are getting a mortgage, your lender could also charge appraisal, underwriting and application fees. How much... [read more]

When you’ve never experienced the new construction process, it’s easy to buy into any number of misconceptions about it. I'm here to set the record straight about some of the myths about building a new home so you can make the decision that is best for you.   𝐅𝐈𝐂𝐓𝐈𝐎𝐍: I don’t need an Agent. 𝐅𝐀𝐂𝐓: Builder’s Sales Agents are extremely friendly and knowledgeable about the homes and models. However, as nice as the sales reps... [read more]

Buying a new home at the same time as you’re selling your current home is all about timing — 𝘢𝘯𝘥 𝘢 𝘨𝘰𝘰𝘥 𝘢𝘨𝘦𝘯𝘵, of course.  Here are a few ways that you can make buying & selling work for you and your family, without having to move into short term housing. 𝗠𝗮𝗸𝗲 𝗮𝗻 𝗼𝗳𝗳𝗲𝗿 𝘄𝗶𝘁𝗵 𝗮 𝘀𝗮𝗹𝗲 𝗰𝗼𝗻𝘁𝗶𝗻𝗴𝗲𝗻𝗰𝘆-  In this scenario, you would focus on... [read more]

On October 28, two Etobicoke Realtors from Forest Hill Real Estate Inc. - Etobicoke delivered over 700 lbs of non-perishable goods to the Toronto Daily Bread Food Bank on New Toronto St. that was generously donated by the Alderwood residents. As a part of their annual Fall Food Drive, Michele Baksa and Brenda Tzannis led the charge and distributed 3000 post cards and dropped off 1000 flyers and bags in advance through the Alderwood neighbourhood in early October to announce they were... [read more]

“People with disposable incomes aren’t flying to Florida or California for vacation, they’re not sending their kids to camp, and they’re becoming stir crazy stuck in their homes,” said Elan Weintraub, co-founder, director and mortgage broker at Mortgageoutlet.ca. “People selling in Toronto are buying in cottage country because they can work remotely, and they’d rather live and work in a pastoral setting from inside a beautiful home with a great... [read more]

Which Outdoor Seating Is Best for Your Space?   [read more]

The strict social distancing measurements have been making it challenging for the Real Estate Industry in Toronto. March, which is usually the busiest month for transactions, has been a bit stagnated. However, the Toronto Regional Estate Board (TREB) announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 percent compared to 7,132 sales reported in March 2019. That increase was based on the first two... [read more]