22 NOV 2017 · WHY I TOLD MY SON NEVER TO BUY A CONDO - 2017 TORONTO CONDO MARKET UPDATE Oh how the times have changed. This video covers the August 2017 TREB stats between condo vs. freehold sales. Happy to say, I added a Toronto downtown condo to our property portfolio about a year ago and it has gone up over over 35%!

22 NOV 2017 · New “Mortgage Stress test” slamming breaks on the Canadian housing market or IS IT? The new stress test is the latest in a series of policy changes and rules aimed at ensuring Canadians can afford their homes, even if interest rates rise. “Uninsured borrowers can qualify for a mortgage today at rates as low as 2.97% on a 5-year fixed term. In a few months that hurdle will jump to almost 5%.” It is believed that at least 1 in 6 mortgagors with 20% equity could be affected by the new guidelines. To further break it down, when January 1st, 2018 comes around, people will need almost 20% more income to qualify for the same size mortgage that they can get today. In our latest video, I walk you through the immediate effects on the local GTA housing market.  Plus, I make predictions on what to expect in what should normally be a “hot spring” market.

22 NOV 2017 · We are seeing an increase in active buyers in the fall housing market as a result of the new Canadian Mortgage Stress Test Rules coming into effect January 1st 2018. So, if you are thinking of taking advantage of the current market conditions and considering selling privately or listing with a brokerage, here are our top 5 things you need to know to beat your competition and sell fast for top dollar: 1. Address any current gaping deficiency before working on any improvements. 2. Always look for the fastest and cheapest way to execute an improvement 3. Create the money shot – Staging 4. Include a high quality Video as part of your marketing 5. Figure out a way to create urgency for any potential Buyer.