In the first quarter of 2021, average condominium apartment rents were down on a year-over-year basis, continuing to reflect a supply imbalance in favour of renters. However, year-over-year growth in rental transactions outstripped growth in the number of units listed over the same period, suggesting that rental market conditions are starting to tighten in the Greater Toronto Area (GTA) once again. GTA REALTORS® reported 13,168 condominium apartment rentals through TRREB’s MLS®... [read more]

Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported. GTA REALTORS® reported 13,663 sales through TRREB’s MLS® System in April 2021 – a 12.7 percent decrease compared to March 2021, but more than... [read more]

Dear readers, It’s a widely accepted fact that real estate investments are one of the safest investments… …Because of the minimal risk involved. Some experts even characterize it as a better investment option than the stock market–due to stocks volatility… That’s a common reason why investors are buying their way into stocks. However, there are 3 other remarkable, but less discussed reasons you should invest in real estate… 1.... [read more]

Dear reader, Anyone who owns real estate can harness the power of the 1031 exchange. This helps you get rid of the property, which is non-performing, does not meet your needs, or a pain in the a**. Just by following a process, you can replace your property and buy a replacement investment while deferring tax payment on the gain from the sale. To put simply, The 1031 exchange is a wonderful tool that provides the cash flow luxury while deferring taxes. Savvy investors have been... [read more]

Dear reader, Determining the actual price of a property is crucial to calculate the gross profits it could generate over your investments. And no one likes to purchase or sell a property at a loss, or even on low profit margins. To avoid this happening, you need to know the exact price of a property so you can calculate the exact figures. Therefore, the three key things that determine the actual land appraisal are… 1. Is It Landlocked? Knowing whether the location is... [read more]