While qualifying for a mortgage may be more difficult, we need to remember that these higher rates will slow down price growth.
PropertyGuys.com Franchise Owner
Nathan Dautovich is the Downtown Toronto PropertyGuys.com franchise owner. He was one of the first franchise owners to bring the online real estate marketing company to Toronto, realizing that there was a need for a modernized alternative to the traditional home sale methods. For the past 5 years with PropertyGuys.com, Nathan has been helping to empower Torontonians by educating them on the real estate market. Operating for over 15 years, PropertyGuys.com has helped 60,000 Canadians save hundreds of millions of dollars.
This change will spur a plethora of new and innovative options in real estate.
09/25/2018 10:01 EDT
As condo ownership becomes more common, buyers will become more savvy about what makes a unit or a building stand out.
02/09/2018 11:28 EST
The biggest mistake a seller could make right now is to stick to the same strategies and expectations that worked when the market was red hot.
02/01/2018 17:20 EST
While it's easy to think that a few slow weeks are a sign of something larger, a more thorough analysis reveals that the Toronto market is still very strong
06/20/2017 18:04 EDT
I'll admit it, several years ago I had a very poor opinion of the CityPlace neighbourhood in Toronto. Back then, this neighbourhood of tall condo buildings built around Fort York Blvd and Spadina Ave was a huge construction site. It was dirty, the buildings were all under a constant state of repair, and there were no amenities nearby. Then in 2013, when Fort York Blvd opened through Bathurst St, things began to change.
05/03/2017 01:49 EDT
We've all seen news headlines over the last few years describing properties that sell for "$400,000 above asking!" These headlines make it seem like houses are selling for much more money than they ar...
04/10/2017 11:54 EDT
A bidding war is when the seller will list their house at an artificially reduced price, show buyers the house over a period of about a week, and then have an offer date where all interested buyers present their offers. The expectation is that they will sell for well over the asking price, and have multiple buyers bidding against each other.
03/18/2016 09:58 EDT
Many families are deciding to raise their children in the city instead of moving to the suburbs. Toronto is a safe and vibrant city, and with house prices both in the city and in the suburbs unrealistic for many parents, condos are an attractive alternative. Right now, a typical semi-detached home in a desirable neighbourhood can sell for around $1 million.
01/18/2015 11:21 EST
In real estate, the Days on Market statistic is meant to measure how many days a property takes to sell. This is a very useful piece of information, and if used properly can say a lot about an individual property, a neighbourhood, or even the entire real estate market. The problem is that this statistic is skewed by a practice that some agents employ where if a listing doesn't sell quickly, they deactivate the listing and then reactivate the listing the next day.
12/19/2014 06:04 EST
When renovating a condo it is always important to try to curb your spending, figure out if other people have done similar renovations and made a profit, and to remember that it is much more difficult to renovate and flip a condo for a profit than it is to do the same in a detached house.
10/20/2014 06:07 EDT
With prices of single family homes already up over 13 per cent year over year, the dream of owning a home in a desirable neighbourhood is quickly fading for many would-be Toronto home owners. So what options are there for people with a budget under $1 million who still want a home in a desirable neighbourhood?
05/27/2014 12:19 EDT
When it comes to buying a home, I find most people think that hiring an agent is free. This is one of the biggest misconceptions in the real estate industry, as there is actually a significant cost if you hire an agent when you buy.
04/28/2014 05:50 EDT
With home prices skyrocketing in recent months, many home buyers are wondering if they will ever be able to afford a house in Toronto. In many desirable neighbourhoods, prices have already increased beyond what most people can afford. However, there are still some pockets in Toronto where value can be found. Here are 3 places to look for an affordable home in Toronto.
03/28/2014 11:30 EDT
Until now, the lack of innovation in commercial real estate has led to limited options for both buyers and sellers. This will start to change as technology and law changes have paved the way for innovative companies to offer similar services for a fraction of the cost. In the end, this will mean more options, lower cost, and better service for commercial buyers and sellers.
03/13/2014 05:34 EDT
Over the last month, every client I've met with has been asking when the spring market officially begins, and whether they should list now or wait until later on. This is a difficult question, as there are many factors that contribute. A close analysis of both the overall market and the local competition is the best way to come up with a selling strategy.
02/13/2014 05:15 EST
One of the most common questions I get from people looking at selling their home privately concerns potential legal problems that could arise from selling without using an agent. One of the biggest misconceptions out there is that sellers think that legal problems are inevitable.
01/30/2014 05:32 EST
In the years between when the assignment is purchased and when the unit is occupied, there are many reasons why people who bought these assignments may want to sell. Maybe their financial situation has changed, maybe their family status has changed, or maybe they need the money elsewhere.
01/16/2014 02:33 EST
Now that 2014 is here, let's take a look at my top five predictions for what will happen in the Toronto housing market in 2014.
01/02/2014 05:18 EST
Another thing condo owners do to try to differentiate themselves is spend thousands of dollars on upgrades. This is usually a bad investment as only a fraction of that is recouped when the condo sells. Industry data shows that similar sized units sell for similar prices, regardless of any upgrades done.
12/19/2013 06:21 EST
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