Today we are going to take some time to talk about living in a condo vs. a house. What a better investment is a condo in Toronto vs. a freehold house in Toronto. Houses You will end up with overall more space inside and outside with a house. More privacy, more of a neighbourhood feel. You will be able to host bbq's, host parties, usually have parking space(s) whether its on the street or in a driveway for multiple friends or family to park. You wont be sharing any costs, all the responsibility is on you to maintain the house and your own usage for utilities will determine your bills. However there is a lot more up keep with a home. Shovel the driveway, cut the grass, clean the evestrophes,
Archives for July 2018
Biased with the Landlord Tenant Board
Today I wanted to talk a little bit about the rules in Ontario regarding residential renting. I have been in real estate 12 years now and I have seen a lot of major changes in that time. The landlord tenant act has always been pretty biased towards tenants in Ontario. But I find that its worse than ever now. I have been to to the housing tribunal and witnessed many cases where even though the tenant is clearly in the wrong they still seem to get the benefit of the doubt and get an extreme amount of leeway. Rules Some of the newer rules are if you kick a tenant out. To move in or sell your unit you will now have to pay them one months rent. Previously condos that were built before 1991 were
Summer Market
Just wanted to talk a little bit about the Summer Market of 2018. I think this summer should look a little better than what we had last summer in terms of pricing and sales volume. Last Summer was right after the foreign buyer tax was implemented and the market hit a real lull for about 5 months after that. Sales were very low and in the 905 region we saw a real dip in pricing. Typically we do see a decrease in sales volume and slightly in price in the summer time. There are just less eyes on the properties during that time. The kids are out of school and families go away for the summer. Cottages, weddings, vacations and generally just not thinking about real estate. I could show