These are 10 things you should consider/know on how to spot a bad condo: 1. Check Google reviews 2. Are there a lot of rentals in the building? 3. Is there bad security? 4. What is the elevator appearance like? 5. Bad workmanship 6. Bad floor plans 7. Noisy neighbors 8. Elevator wait time 9. Are amenities under repair? 10. …
Investment Opportunity: Virtual Tour of Burlington, ON Complex
This week we found an end unit, condo/townhouse located in Burlington, ON. This home is a great investment that won’t last on the market very long and you certainly don’t want to miss out. This complex is currently listed at $699,000 but attains a sale price that is approximately $800,000. With just a 20% down payment, this home is truly …
5 Things You Need To Know About GTA Condominium Maintenance Fees
Want to invest in the condo market? And worrying about the maintenance fee? Make sure you save and share this video. Here are 5 things you should be aware of the condo maintenance fees: 1. Newer condominiums have lower maintenance fees than older buildings (MYTH) 2. Swimming pools are the reasons why maintenance fees are high (MYTH) 3. Check how …
April 2021 GTA and Mississauga Market Update
May already? you know what that means…The numbers for the month of April are out! Knowing what exactly is going on in the real estate market is crucial if you’re planning to sell and/or buy, and I’ve got all the details here for you! Here are the numbers you need to know for the month of April: The GTA overall …
8 Home Renovations That Pay Off On Resale
If you’re planning to do some home renovations that pay off on the resale market, listen up! When it comes to selling your home, completing the right renovations can yield higher offers and a quicker sale, but what exact home renovations can you do that will pay off on resale? 1. KITCHEN Kitchen renovations give the best ROI, including new …
Is The Stress Test Going to Affect Me As A Buyer?
First-time and Condo buyers, Listen up. The stress test was first introduced on January 1st, 2018, buyers had to qualify at 4.79%. Now buyers will have to qualify at 5.25%. Starting June 1st. An increase of 0.46% This reduces the amount of borrowing power you have. if you qualified for 800k, you now qualify for about 760k. There will probably …
Canadian Mortgage Market Update with Tridac Mortgages
*This video was recorded before the stress test announcement* Watch this video to find out the correlation between the current real estate market and mortgage rates: I had the pleasure of sitting down with Christ Molder, a Principle Brocket from Tridac Mortgage, where we discussed the latest info on how the market is doing, and what potential policies the government …
March 2021 GTA and Mississauga Market Update
The numbers for the month of March are in and you won’t believe how hot the market is right now! These are the numbers you need to know for the month of March: GTA sales are up 97% from the same time last year and the months of inventory for each housing segment in Mississauga is under 1 month! That …
What Is Affecting The Great Toronto Area GTA Real Estate Market?
The real estate market is at an all-time high right now and experiencing a demand that has been non-stop crazy! But what exactly is causing all of this? Many factors come into play such as: 1. Interest rates 2. Immigration 3. Low inventory Watch this video to find out how all three of these factors play a key role …
Condos vs. Freehold
The beginning of the pandemic was already a year ago and buying preferences in the market began to take place. The condo market experienced a decline for the majority of the year, whereas freehold took off as people were in need of more space with having to stay home! Watch this video to get a more in-depth explanation and find …