New Stress Test Coming to Toronto, What's It All Mean?

By: Tuan Tran

New Stress Test Coming to Toronto, What's It All Mean?

Tags: Toronto, Real Estate, Ontario, Government, Bubble, Stress Test

You may have heard or read that the Office of the Superintendent of Financial Institutions announced last Tuesday that a new "stress test" would be coming to the Toronto housing market, beginning in full on January 1st, 2018. But what does that mean for you? For those of you who are wondering how the new mortgage stress test is going to impact you, here are a few quick examples: 1. F...Read More

By: Tuan Tran

Ontario's Fair Housing Plan

Tags: Toronto, Real Estate, Ontario, Government, Bubble, Buyers, Sellers, Investment

https://news.ontario.ca/mof/en/2017/04/ontarios-fair-housing-plan.html As I am sure you have heard the Government has put in a 16 Point plan to help to try and cool the Toronto Market.    Combined With the natural spring time influx of inventory, we have seen a dramatic increase in the number of Active Listings currently on the market. As reported by the Toronto Real Estate Board, ther...Read More

By: Michael MacDonald

Mindset in a "CRAZY" Toronto Real Estate Market

Tags: Toronto, Market, Mindset, Affordability, First Time home buyers, investors, real estate

A few days ago, I was sitting in my condo lobby and overheard a Real Estate Sales Representative talking about the overvalued market and that it makes more sense for consumers to rent and not buy. My first thought was that he could’ve been talking to a potential client who is willing and able to buy and he destroyed his chance of ever working with him.  My second thought immediately wen...Read More

By: Tuan Tran

First Time Home Buyers Receive $4,000 Land Transfer Tax Rebate!

Tags: First Time Home Buyer. Toronto Real Estate, Land Transfer Tax, Finance Minister, Ontario, Real Estate, Charles Sousa

In an effort to assist first time home buyers, Ontario Finance Minister Charles Sousa announced that on January 1st, 2017 the Government of Ontario will be offering first time home buyers a $4,000 Land Transfer Tax Rebate. To read more about how this will affect new home buyers, please read the article from The Toronto Star linked below! The Toronto Star - November 14th, 2016     ...Read More