Gerry’s Blog
The Vancouver and Toronto housing market has been sizzling during the pandemic housing boom. Despite a tepid slowdown in the first couple of months of the COVID-19 public health crisis, both cities have been soaring ever since. The word “bubble” has been widely used by the media when reporting on the red-hot Canadian real estate…
The Canadian housing market ended 2021 on a high note. How has it been performing a month into 2022? Canada’s sizzling housing sector has been resilient throughout the coronavirus pandemic. Despite the economic downturn and global health crisis, Canadian real estate markets from coast to coast have enjoyed unprecedented growth in sales activity and home…
Upon deciding to upgrade your home, whether you’re planning to stay there or sell, the topic of money arises quickly. It’s well known that home renovations can be costly. Sure, some small upgrades such as new light fixtures, faucets and paint don’t typically cost a whole lot of money, but remodels are known to snowball…
It was a record-breaking 2020 in the BC housing market. It was a record-breaking 2021 in the province’s real estate industry. Will this trend persist in 2022? From Chilliwack to Victoria, British Columbia has enjoyed exceptional growth throughout the COVID-19 public health crisis, in terms of home sales and prices. Much of this is a…
In 2022, financial experts have been homing in on mortgage rates. Market analysts believe the Bank of Canada (BoC) will raise interest rates. The debate among housing observers, economists and investors is by how much. And with all this talk of fixed vs variable rate mortgages, what is the difference between the two products anyway?…
From the major urban centres to small towns and rural communities, the Canadian real estate market has witnessed impressive growth since the early days of the coronavirus pandemic. But this unprecedented activity in the face of a wide-spread housing supply shortage are thought to be the cause of a nationwide housing affordability crisis, leaving many…
TVO.org has obtained a draft of 58 much-anticipated, sorely needed suggestions from the newly formed Ontario Housing Affordability Task Force, aimed at increasing housing supply and improving affordability in the Ontario real estate market. Slated for official release on Monday, January 31, the report is said to include some “radical” recommendations that would make it…
The common forecast for 2022 is that the Canadian real estate market and the Ontario housing sector could experience somewhat of a cooling down phase. From homebuyer fatigue to rising interest rates, there are a few factors that some industry observers believe could result in either a slowdown in growth. Does the same prognostication apply…
Since the early days of the coronavirus pandemic, all corners of the GTA real estate markets have benefited from households leaving Toronto’s downtown core, in favour of greener, cheaper pastures within a short drive to North America’s fourth-largest city. The York Region real estate market, from Markham to Richmond Hill to Vaughan, has seen prospective…
When you purchase a home, a down payment is typically applied to the purchase price, and the balance is to be paid off over your term of the mortgage. The loan you receive from a lender in order to pay for the house is called a mortgage. Simply put, a mortgage is a legal and…
Owning a home is a keystone of wealth… both financial affluence and emotional security.