Condos are becoming more and more popular in the GTA and Golden Horseshoe areas. Ontario’s first condo was registered in Toronto in 1967 and now over half of Toronto’s population live in condos. Whether you are a first-time buyer struggling to get into the housing market or an empty nester who needs less room and wants less maintenance chores, a condo can be a viable alternative. If you are considering the purchase of a condo, you should be aware of what a condo is and how condo... [read more]

Absorption Rate (AR) and Months-of-Inventory (MOI) are two very common statistics used to explain the general health of a real estate market. AR and MOI are calculated using the same inputs, the number of Active Listings and the Number of Sales. The number of sales is usually calculated as the number of sales in the previous month. For example, if there were 100 active listings in a market and 20 sales last month you would calculate MOI as 100/20 = 5 Months of Inventory. Conversely, the... [read more]

When is the best time to sell an investment property? Given the strength of the real estate market in the GT, GH and Golden Horseshoe areas, many investors have most likely thought about cashing out of their real estate investment. While the strength of the real estate market is an obvious reason to sell, real estate investors must also consider the situation with the current tenant before listing their investment property for sale. Many landlords don’t understand the legalities... [read more]

Investing in rental properties can be very profitable but you have to be prepared to put the work in. Below are some of the challenges that property investors have to deal with on a daily basis. Dealing with Tenants: Perhaps the biggest challenge of being a property investor is that you need to deal with tenants. The more successful you become as an investor, the more tenants you have to deal with. Don’t get me wrong, most tenants are good people and most experienced investors... [read more]

When is the best time to sell an investment property? Given the strength of the real estate market in the GT, GH and Golden Horseshoe areas, many investors have most likely thought about cashing out of their real estate investment. While the strength of the real estate market is an obvious reason to sell, real estate investors must also consider the situation with the current tenant before listing their investment property for sale. Many landlords don’t understand the legalities... [read more]