Friday, June 5, 2020 / by Zifan Gao
For most couples, the matrimonial home represents their largest asset and it is a place of emotional significance – filled with both positive and negative memories.
A matrimonial home is not simply the house in which a married couple lives. In Ontario, it is afforded special treatment under the Family Law Act.
Let’s have look at why the matrimonial home is such a hot topic during a separation or divorce:
#1 Spousal Consent is Always Required
Neither spouse is permitted to sell, mortgage or otherwise, encumber the matrimonial home without the other spouse’s knowledge and consent - be it during a marriage or post-separation, even if only one spouse’s name is on the title.
If you and your spouse cannot agree on what to do with the matrimonial home, one party may apply to the court and request an order for partition and sale.
If your name is not on the title and you fear that your spouse will try ...
Wednesday, March 18, 2020 / by Zifan Gao
Since the beginning of the month, the Bank of Canada has cut the lending rate twice, bringing it down to 0.75%. This is a massive decrease in the interest rates and the biggest drop in 11 years. Since it’s cheaper to borrow we’ll see an increase in how much people are likely to spend. It also means there will be an influx of potential buyers that previously might not have been able to enter the market.
Since there was already a big gap between supply and demand, and with inventory continuing to decrease (TRREB just reported a 33.6% decrease in active listings in February), an influx of new buyers will mean a further dwindling inventory. In fact, I recently had 30 people trying to buy the same entry-level property, most of them offering to pay way more just to be able to lock it.
If you’re an investor you should be buying RIGHT NOW. GTA properties are still a high-value investment (average price increased 16.7% in February) and the low-interest ra ...
Tuesday, March 17, 2020 / by Zifan Gao
GTA Real Estate Market At A Glance - February 2020 TRREB Market Report
Predictions for a strong sales and price growth in 2020 are proving to be right with February hitting an all-time record sales increase. As market conditions tightened over the past year, competition between buyers has clearly increased, according to TRREB’s February Market Watch Report.
From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, we’ve got you covered. We’ve summarized this month’s report into a bite-sized digest so that you can be better educated in Real Estate and the current market trends.
Sales at a record high 45.6% increase
TRREB registered a total of 7,256 residential transactions in February, an increase of 45.6% compared to a 10-year sales low in February last year. After preliminary seasonal adjustment, February 2020 sales also exhibited positive momentum, up ...
Wednesday, March 11, 2020 / by Zifan Gao
Spring Maintenance Checklist | March Referral Newsletter
Get ready for spring!
While the cold weather seems to think otherwise, spring is just around the corner! Start washing off the winter grime and get your house fully prepped for the warmer months ahead — just turn to page 2 for a Spring Maintenance checklist.
On the fence about selling your house? House prices are expected to increase by 10% in the GTA market this year. With the spring Real Estate market about to start, this is the best time to list your house. Don't miss out on the chance to cash in on a sizable profit!
If you're not ready to make the move but know someone who is, please give me a call at (416) 993-8199. A portion of our commission goes to SickKids to help them build a new hospital that meets building codes and provides enough space for their most vulnerable patients. Enjoy your March and I'll see you next month! ...
Thursday, January 2, 2020 / by Zifan Gao
5 New Year's Resolutions For Your Home
I love starting a new year off with goals that will help me evolve both personally and professionally. If you're the same way you probably already have a couple goals you want to achieve in 2020, but have you considered making any of them about your home? Turn to page 2 for five resolutions you can set for your home.
Speaking of resolutions, is one of yours to be more charitable this year? That's as easy as referring us someone who wants to sell or buy a house. For every referral we do business with, a portion of our revenue goes to SickKids. You could make a difference in kids' lives!
Did you know that every last Thursday of the month we host a Meetup with a Real Estate expert? The next one is January 30th and you can RSVP in our Facebook page. Start 2020 year off right by becoming more educated in Real Estate!
Hope you have a great start to this new year and that you make progress on your goals!
Know someone who is wanting to se ...