I wanted you to be the first to know that I have justlisted on MLS this elegant home, that has been recently upgraded using superior quality and opulent finishes.  Located in the sought-after neighbourhood of Markham backing onto ravine.     This beautiful 4-bedroom, 4-bathroom home boasts approximately 2700 square feet of pure elegance.     Welcome to ....... 44 Bishop Crescent Asking only... [read more]

Canada’s banking regulator today unveiled the final changes to its mortgage underwriting standards—Guideline B-20—that will further tighten lending standards and affect borrowers and lenders alike. The most wide-reaching change announced by the Office of the Superintendent of Financial Institutions (OSFI) is the establishment of a new minimum qualifying rate, or “stress test,” for borrowers making a down payment of more than 20% of the home’s... [read more]

SEVEN SAFETY TIPS FOR YOUR NEW HOME   When you first move into your new home it is a good idea to take care of a few small things that can make a big difference when it counts.   1.    Change the locks on all your exterior doors.  Unless your house is brand new you never know how many strangers may have a key to your front door.   2.    Replace the batteries in all the smoke detectors in the house.  Record the date in your... [read more]

Well, though I hate to admit it, I was wrong!  I predicted 6,500 homes sold in November when in fact there were 7,374, making November 2017 one of the best Novembers in HISTORY!!  The reason for this is simple, the government announced changes to the mortgage qualifying rules commencing January 1 2018, and a lot of buyers jumped into the market to make sure that they qualified under the old criteria.  This resulted in stronger than usual sales and that trend will continue in... [read more]

2017 was an interesting year for the Toronto real estate market.   It was a roller coaster ride of activity, the highs and lows brought about by government’s decisions to try to slow down home prices increases utilizing negative policy changes.   Record sales in the first quarter of the year were followed by a decline in demand in the spring and summer, as home buyers adopted a wait and see attitude towards purchasing as the Ontario Fair Housing Plan (FHP)... [read more]