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 ...
Friday, November 15, 2019 / by Zifan Gao
As the cold weather approaches, the market has started to slow down. The recently released TREB October Market Watch Report shows that the year-over-year growth was lower for October than for September. However, compared to October last year, this past month still saw another double-digit increase in the number of sales.
READ: Your Cottage Might Yield Better ROI than Your Home and Here is Why
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.
Home Sales increased by 14% year-over-year
For the 7th consecutive month, we’ve seen a double-digit increase in the number of sales. However, for the 3rd consecutive month, we’ve also seen a double-digit decrease in active listings. ...
Thursday, November 14, 2019 / by Zifan Gao
Neighbourhood Guide - Leslieville, Toronto
East End’s Hippest Neighbourhood
Referred to by the NY Times as the next Williamsburg, this hip urban neighbourhood is home to young, upper-middle-income singles and families. Initially home to various factories, the neighbourhood underwent rapid gentrification in the last 20 years and is now famously known as a brunch hot-spot.
From brickyards and nurseries
Leslieville began as a small village in the mid 19th century when George Leslie (after whom the community is named) moved to the area and opened the Toronto Nurseries, which became the largest horticulture business in the country. Most of Leslieville's residents were gardeners or employed at one of the brick-making factories in the area. Leslie's home at Queen and Leslie no longer exists but the general store that the family owned near Queen and Jones still remains.
With its quaint tree-lined streets, Leslieville is ...
Tuesday, July 9, 2019 / by Sally Niu
Park-lined Neighbourhood Overlooking the Valley
Broadview North is an urban East York neighbourhood, full of younger, generally well-educated city singles.
Lined by the famous Todmorden Mills Park, Broadview North is a bliss for nature lovers. There is simply no shortage of green space for you to soak up the sun, with beautiful trails perfect for jogging and cycling.
Running through by Broadview and Pape, Broadview North has a Walk Score of 77, meaning most errands could be accomplished on foot. Next to the DVP and within walking distance to the Danforth subway station, daily commute to the downtown core is quite manageable.
Benefiting from its diverse community, Broadview North is known for its abundance of restaurants and grocery stores. From souvlaki to pho, Sobeys to the Big Carrot, you will never run out of choices! The neighbourhood also offers some great stores like Dollarama, The Wine Shop, and Quirk Pets. Not to mention, Broadview North is only 5 ...
Monday, July 8, 2019 / by Sally Niu
An established, family-oriented neighbourhood by the Scarborough Bluffs, Birch Cliff has been considered as one of the top 10 up-and-coming neighbourhoods in Toronto
The residents of Birch Cliff tend to be younger singles and families coming from upper-middle-income households. On the cusp of the Lake, this area is an oasis from the fast-paced city life and allows residents and guests to enjoy some serenity. The region is blessed with plenty of green spaces and parks such as Blantyre, the Runnymede Lands, and the alluring Rosetta McClain Gardens. Additionally, a large portion of the neighbourhood is dedicated to the Toronto Hunt Golf Course, perfect for friends, family, and coworkers outings!
The neighbourhood is deemed somewhat walkable, with a walk score of 65, as some errands may be more car-dependent than others. Along with this, it scored at 66 for both bike-score and transit-score, meaning there’s always a way to get around!
Birch Cliff boasts a great vari ...