April 2013 Newsletter | Toronto & Vaughan Real Estate

April 2013 New in Toronto & Vaughan Did you know? – 76% of 20-29 year old Vaughan residents still live with parents, well above the national average of 42.3% – Landlords in Ontario can raise a Tenants rent as high as they see fit; rent control doesn’t apply to dwellings occupied after November 1, 1991.   APRIL… Continue reading April 2013 Newsletter | Toronto & Vaughan Real Estate

First time buyers budget for $300K homes

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca April 10, 2013 | © All rights reserved Follow @TopTorontoAgent The average first time buyer in Canada is 29 years old and expects to be able to put down a down payment of $48,000 on $300,000 home, according to a recent poll by the Bank of Montreal. But… Continue reading First time buyers budget for $300K homes

When do you have to move out of a rental unit in Ontario?

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca April 9, 2013 | © All rights reserved Follow @TopTorontoAgent A look at when you need to move out of a rental unit. Hotels typically let you check in by 3 p.m. and ask you to check out by noon. This gives staff time to make the room… Continue reading When do you have to move out of a rental unit in Ontario?

Mortgage News Update | Toronto & Vaughan Real Estate

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca March 22, 2013 | © All rights reserved Follow @TopTorontoAgent A quick update on the latest mortgage news and trends Our good friends and colleagues at MortgageJake  update us on the latest mortgage news. This week saw two dramatic moves by Jim Flaherty that directly impact us in the housing… Continue reading Mortgage News Update | Toronto & Vaughan Real Estate

10 Things You Didn’t Know About Toronto

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca February 10, 2013 | © All rights reserved Follow @TopTorontoAgent Toronto: some fun things you didn’t know about our world class city. Toronto was originally called the ‘Town of York’ until 1834. The Toronto Zoo is the third largest in the world and is home to more than 5000 animals.… Continue reading 10 Things You Didn’t Know About Toronto

TORONTO & GTA – HOUSING STATS: JANUARY 2013

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca February 5, 2012 | © All rights reserved Follow @TopTorontoAgent January 2013 housing statistics for the Toronto Real Estate Board Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013.  This number represented a slight decline compared to 4,432 transactions reported in January 2012.… Continue reading TORONTO & GTA – HOUSING STATS: JANUARY 2013

Toronto’s first luxury prefab home sells for $1.5million

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca January 31, 2013 | © All rights reserved Follow @TopTorontoAgent Are prefabricated homes Toronto’s future? How Many people can say their home was built in just 2 days? The new owners of Toronto’s first luxury prefab home can! Sold for $1.525,000 after 274 days on the market (it… Continue reading Toronto’s first luxury prefab home sells for $1.5million

Toronto’s real estate market will stay strong in 2013

Follow @TopTorontoAgent Dec 21, 2012 6 good indicators of why the GTA real estate market will remain strong in 2013 Many economists predicted Toronto’s real estate market to crash this year, with prices falling by up to 25 per cent. I didn’t see that prediction coming true and it didn’t. Nor do I believe it… Continue reading Toronto’s real estate market will stay strong in 2013

Difference between buying and renting in Toronto

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca December 18, 2012 | © All rights reserved Follow @TopTorontoAgent Rent or Buy? The age old question. Toronto, Vaughan and the GTA are currently enjoying a healthy rental market with vacancy rates hovering around 1%. This high demand for rental properties has driven up rental rates upwards of… Continue reading Difference between buying and renting in Toronto

It’s snowing money in Downtown Toronto!

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca December 16, 2012 | © All rights reserved Follow @TopTorontoAgent Let it snow, let it snow, let it snow. Who needs the snow in Toronto when we’ve been blessed with an abundance of falling condo prices! Christmas arrived early this year for condo buyers in Toronto looking to… Continue reading It’s snowing money in Downtown Toronto!

[infographic] 5 Things you didn’t know about the Mortgage Market

Follow @TopTorontoAgent Our friends at ratehub.ca have put together this excellent infographic on Canada’s mortgage market. If you have any questions about Canadian mortgages or any real estate related questions, please don’t hesitate to contact me.   START YOUR JOURNEY HERE OR CONTACT ILAN NOW FOR A MORE PERSONALISED SEARCH EXPERIENCE!     Ilan Joseph is a Real Estate… Continue reading [infographic] 5 Things you didn’t know about the Mortgage Market

Canadian home affordability rises

Follow @TopTorontoAgent December 10, 2012 Royal Bank says the cost of home ownership became more affordable in the most recent quarter due to a modest decline in home prices and gains in Canadian household incomes. RBC’s affordability index for a detached bungalow stood at 42 per cent of income nationally in the second quarter. That… Continue reading Canadian home affordability rises

Summary of TorontoMLS Sales and Average Price – November 1 – 30

Follow @TopTorontoAgent GTA REALTORS® Release Monthly Resale Housing Figures Greater Toronto Area REALTORS® reported 5,793 sales in November 2012 – down by 16 per cent compared to November 2011. “Transactions have been down on a year-over-year basis since June, after being up substantially in the last half of 2011 and the first half of 2012.… Continue reading Summary of TorontoMLS Sales and Average Price – November 1 – 30

How to Succeed in Toronto and Vaughan Real Estate Investing

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca December 16, 2012 | © All rights reserved Follow @TopTorontoAgent To become a successful Toronto or Vaughan real estate investor requires that you find a good real estate property to invest in. Appraising and finding the true value in Toronto and Vaughan properties is essential to your investment success.… Continue reading How to Succeed in Toronto and Vaughan Real Estate Investing

Toronto Condo prices taking a hit (infographics)

Follow @TopTorontoAgent Related Article: Hello Buyers Market! If you’ve been following recent real estate news for Toronto, Vaughan and the GTA, you may have heard that our condo market is experiencing a slowdown. To help illustrate these changes, here are some Toronto Real Estate charts that clearly paints the markets picture.  It takes almost twice as long… Continue reading Toronto Condo prices taking a hit (infographics)

Bank of Canada maintains overnight rate target at 1 per cent

Follow @TopTorontoAgent Ottawa, Ontario – The Bank of Canada announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent. The global economy has unfolded broadly as the Bank projected in its July Monetary… Continue reading Bank of Canada maintains overnight rate target at 1 per cent

Hello Buyers Market

By Ilan Joseph, Broker, ABR®, e-PRO®, AMP® | TopTorontoAgent.ca November 2, 2012 | © All rights reserved Follow @TopTorontoAgent Hello Buyers Market! The past few months have seen the real estate market here in Toronto, Vaughan and across the GTA really turn around. From a very hot “sellers market” during the first half of 2012 to a… Continue reading Hello Buyers Market

[infographic] The Truth About Renting a Condo

-Thanks to our friends at floorgem for the infographic. Ilan Joseph is a Real Estate Broker with Sutton Group and is co-founder of a 10-person award-winning Toronto, Thornhill and Vaughan real estate team. You can find him on LinkedIn, Twitter, YouTube and Google+. For over 10 years, Ilan has provided more than 1550 buyers and sellers valued advice and service,… Continue reading [infographic] The Truth About Renting a Condo