By: David Ruff

2022 Toronto Real Estate Market Forecast

Tags: MARKET TRENDS, HOMES IN TORONTO, HOUSE PRICES, PROPERTY INVESTING, HOMES FOR SALE

  WHAT FACTORS WILL IMPACT THE MARKET IN 2022?   Mortgage Rates will be higher. Our forecast is that variable rates will be still at 2% by year end and fixed rates will be 3%. Buyers still have to qualify at 5.25% so these changes will have a minimal impact.   Inflation is baked into the cost of new housing as it will be higher by 10+% in 2022. This will also impact the resal...Read More

By: David Ruff

Toronto Condo Market Report November 2021

Tags: MARKET TRENDS, HOMES IN TORONTO, HOUSE PRICES, PROPERTY INVESTING, HOMES FOR SALE

  SALES COMMENTARY October sales at 9783 units were 8% higher than in September. While October sales were 7% lower than in 2020, they are still well above the long-term average of 8,000 units. While sales have been slowing from the start of the year, our forecast is that sales will run at elevated levels into the spring market (maybe not at 2021 numbers because this will be a record sales...Read More

By: David Ruff

Toronto Condo Market Report October 2021

Tags: MARKET TRENDS, HOMES IN TORONTO, HOUSE PRICES, PROPERTY INVESTING, HOMES FOR SALE

  SALES COMMENTARY For successful buyers and sellers, September was an excellent month. Sales on TRREB were at 9,046 units, the third highest mark for this month, although down 18% from September a year ago. More importantly, sales in September were 5% higher than August. This is the first month over month sales increase since the peak in March. Since then, we have had five straight months...Read More

By: David Ruff

Toronto Condo Market Report September 2021

Tags: MARKET TRENDS, HOMES IN TORONTO, HOUSE PRICES, PROPERTY INVESTING, HOMES FOR SALE

  SALES COMMENTARY AFFORDABILITY in housing and not sale numbers has taken over the real estate discussion for most people with the politicians jumping on board. For 2021 year-to-date, the number of sales under $600,00 was 13,049 units or 15% of total sales on TRREB. In 2020 to the end of August, the numbers were 13,437 and 23%. While the drop-in units sold was just 3%, for the same peri...Read More

By: David Ruff, RE/MAX

Market Update

Tags: Market Trends, Homes in Toronto, House Prices, Property Investing, Homes for Sale

  Toronto Condo Market Report SALES COMMENTARY As we previously forecasted, sales in July continued to slow from the previous month. TRREB reported 9390 sales, down 15% from July of last year and 15% from June. On the other hand, July sales were the biggest since 2016 for the month. Looking forward, we expect August sales to be even lower than July. The true test of sales activity will be ...Read More

Be Ahead in Investing on the Sleepy Part of Front Street

By: David Ruff

Be Ahead in Investing on the Sleepy Part of Front Street

Tags: Property Investment, Condo Investment, Property Value

In this article, I’m going to share with you a quick tour around the sleepy part of Front Street, the area between Spadina Avenue and Bathurst Street. This area is surrounded by high-rise buildings. You will find here the Minto Westside Condo that was famous for handing out free cars with the purchase of a unit back in 2015. That is why this condo currently has a lot of renters in it. The w...Read More

Owners vs. Renters: The Advantage of Knowing the Numbers in a Given Area

By: David Ruff

Owners vs. Renters: The Advantage of Knowing the Numbers in a Given Area

Tags: Property Value, House Price, Home Buying

If you’re going to buy a house, make sure that you have an idea of how many owners versus renters there are in the area you choose. This is beneficial for you since you will know how many people living in that building or area take better care of their place. Why would that affect you? Just think about it. What if you’re in an area that has a high number of renters? What happens?...Read More

3 Important Things to Consider Before Buying a House

By: David Ruff

3 Important Things to Consider Before Buying a House

Tags: home buying, home renovation, location

Choosing the perfect place to live in is a big decision and investment so you want to make sure you do it right. Here are the three things you need to know before you start going out to buy a house: 1. Find Out the Area You Want to Live In. Toronto is called “The City of 99 Neighborhoods” and there’s no way you can visit all of them. So here is a pro tip, go into the local Tim ...Read More

Is the Canadian Government Coming after Your Money?

By: David Ruff

Is the Canadian Government Coming after Your Money?

Tags: economy, finance

Can the government push you to spend your money to drive the economy?   Is the government actually coming after your money? This is a scary issue that stirred the minds and hearts of every Canadian. Besides that, I think it’s really important for all the Canadians and people of the world to look at multiple income generating options to recover from this pandemic. Let’s talk about...Read More

Why it’s Ideal to Buy Properties Near a Hospital

By: David Ruff

Why it’s Ideal to Buy Properties Near a Hospital

Tags: Home BuyiNG, PROPERTY VALUE, LOCATION

If you’re buying real estate properties for investment, then go for those located near hard assets like a hospital. Have you heard or seen people doing tear downs and builds in some areas of Toronto, such as those near Michael Garron Hospital? You can apply this principle by purchasing an old property or house, demolish it, and then make a new one that's ideal for your family, or a...Read More

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