How To Find Your Dream Home in Canada
Bay Street Blog - Real Estate
by Syncing Solutions
2y ago
There are many factors that go into deciding where you want to live, including where you work and your commute time. You may also have children who will need schools and other socializing opportunities. Safety features should also be high on the list as crime rates of varying degrees are higher in certain areas. Canada has some of the best and most diverse real estate options to choose from! Whether you’re looking for a rural property surrounded by stunning Canadian landscapes or you crave an urban lifestyle in the heart of one of Canada’s thriving cities, you can find just about anything amon ..read more
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What Your Credit Score Range Really Means
Bay Street Blog - Real Estate
by Syncing Solutions
2y ago
Have you recently been told your credit score, but you’re still trying to figure out what it means? You’re not alone. In this article we’ll look at what your credit score range really means. We’ll also look at what is considered a good credit score and 5 factors that influence your credit score. What is Your Credit Score and Why Does it Matter? Your credit score is a three digit number assigned to you, the borrower, by the major credit bureaus, Equifax and TransUnion. It’s used by lenders to evaluate your creditworthiness. Credit scores range from 300 to 900. The higher your credit score, the ..read more
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How To Flip For The First Time: Beginner’s Guide
Bay Street Blog - Real Estate
by Syncing Solutions
3y ago
What is House Flipping? Have you ever heard of this term? Do you know how it’s done? This article will discuss these flipping basics, a recent trend that is shacking the real estate market!  Flipping refers to the act of purchasing a good and selling it quickly. In simple words, estate investors know house-flipping as the process of buying a house, renovating or remodeling it, and then selling it with a profit margin. This is an attractive scenario for investors since the average homeowner does not have the necessary funds or time to repair and renovate a home. They generally prefer ..read more
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Are You Prepared for a Recession?
Bay Street Blog - Real Estate
by Maria Pike
3y ago
The spread of COVID-19 and the subsequent global lockdown have unfortunately led to a series of en-masse lay-offs and the threat of economic downturn, with 10 million people already filing for unemployment. It’s affecting the way we buy real estate, and it’s surely going to impact consumer habits in many other areas. Whether you’ve already been negatively impacted by this or you’re just anticipating leaner times, one thing is certain – we all have to learn some financial coping skills and how to budget, save money, and manage our finances in a way that reduces our expenses as much as possible ..read more
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The COVID-19 Pandemic Shifts Homebuyers’ Priorities
Bay Street Blog - Real Estate
by Andra Hopulele
3y ago
The COVID-19 outbreak has initially brought a wave of uncertainty, followed almost immediately by a period of stagnation in almost all industries and more recently by economic measures aimed at containing and limiting the economic ripples caused by the disruption in activity. One segment that is seeing some changes is the housing and real estate market. In Canada, many of the measures taken by local and national institutions represent an attempt to make sure homeowners aren’t forced into default during the crisis. According to Canada’s housing agency, the Canada Mortgage and Housing Corpo ..read more
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Sales and Prices Surge in the 905 Housing Market This February
Bay Street Blog - Real Estate
by Danielle Kubes
3y ago
By: Zoocasa The 905 real estate market experienced explosive growth along with the City of Toronto this February, according to the latest report by the Toronto Regional Real Estate Board (TRREB).  Detached home prices in the 905-area markets were up 14.1% to $1,017,573 while condo units jumped 19.3% to $534,688. Meanwhile, prices for 416 condos rose 18% to $722,675 and 14.4% for single-family homes to $1,485,304. “As market conditions tightened over the past year, competition between buyers has clearly increased. This resulted in a further acceleration in year-over-year price growth ..read more
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U.S. Homebuilders Make Homeownership More Obtainable For Millennials
Bay Street Blog - Real Estate
by Amy Fletcher
3y ago
The median age of a homebuyer in the U.S. has increased by 8 years to 47, according to Marketwatch. One of the main reasons for this is that Millennials have been pushed out of the local housing market due to there being a lack of suitable homes to purchase. This problem isn’t just present in the U.S., as Canadian Millennials are experiencing the same issue too. But all that is changing as homebuilders have finally started to re-tool and construct properties that Millennials want to buy. So what are U.S. homebuilders doing and should Canadian ones follow their lead? Short supply of smaller pro ..read more
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GTA Housing Market Almost Fully Recovered in December: TREB
Bay Street Blog - Real Estate
by Danielle Kubes
3y ago
By: Zoocasa The Toronto Real Estate Board (TREB) reports that the housing market has undergone almost a complete recovery in 2019. The rockiness seen in late 2017 and throughout 2018 due to the tighter mortgage lending rules and the Ontario Fair Housing Plan has been almost entirely offset. Prices in December have now surpassed those posted in the 2016 and early 2017 peak. Sales have also picked up tremendously and are now in line with the median annual sales result for the past decade.  “As anticipated, many home buyers who were initially on the sidelines moved back into the marketp ..read more
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The Pros and Cons of Buying First vs. Selling First
Bay Street Blog - Real Estate
by Sean Cooper
3y ago
A big decision when you’re looking to move is, should I buy first or sell first? It depends. It depends on the real estate market you’re buying and selling in, your tolerance for risk and whether you can afford to carry both home if possible. Let’s look at the pros and cons of buying first versus selling first to help you decide which is right for you. Buying First The main benefit of buying first is that you can take your time and find the ideal property. If you know exactly what you’re looking for and it’s only a matter of time before the ideal home becomes available in a particular neighbou ..read more
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Toronto housing market sees strongest annual price jump this November
Bay Street Blog - Real Estate
by Danielle Kubes
3y ago
By: Zoocasa November saw the strongest annual growth for Toronto property prices, reports the Toronto Real Estate Board (TREB). Property prices for houses for sale in Toronto climbed 7% from November 2018 to $843,637. November likely picked up because buyers have adjusted to new market conditions, which include tighter mortgage lending rules and policies from Ontario’s 2017 Fair Housing Plan. Sales grew by 14% year over year to 7,090 transactions. “An increasing number of home buyers impacted by demand-side policies over the past three years, including the 2017 Ontario Fair Housing Plan a ..read more
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