Sylvia Schmidt

New Toronto Bylaw Cracks Down on Reno-victions

Posted on Nov 16, 2024 in Buying Tips

Big changes are on the horizon for Toronto’s rental market! This month, city council approved a new renoviction bylaw designed to protect tenants from unfair evictions disguised as renovations. With these new rules going into effect on July 31, 2025, renters and landlords alike are wondering how this will shape the future of housing in our city.

As...

Canada’s New Mortgage Rules: Will They Make Homeownership Easier?

Posted on Sep 25, 2024 in Buying Tips

If you’ve been following the Canadian housing market, you know it’s been getting tougher for many families to enter the market, especially in high-demand areas like Toronto and Vancouver. But recent changes to Canada’s mortgage rules, set to take effect later this year, are poised to make homeownership more accessible. Whether you’re a first-time b...

What the Recent Bank of Canada Rate Cut Means for Toronto Homebuyers

Posted on Jun 11, 2024 in Buying Tips

On June 5, 2024, the Bank of Canada announced a significant shift in its monetary policy, reducing the target overnight lending rate from 5% to 4.75%. This is the first rate cut since March 2020, a decision that many financial analysts had anticipated. Let's dive into what this means for the Toronto real estate market and how it can impact your hom...

Insights for Buyers in Canadian Real Estate

Posted on May 16, 2024 in Buying Tips

In the realm of real estate, every season brings its own tale, and spring is no exception. As the sun graces the horizon and flowers bloom, the Canadian housing market sees a flurry of activity, with new listings sprouting like daisies in a field. But amidst this blossoming landscape, there lies a sense of caution among home buyers, a hesitancy to...

Navigating a Sellers’ Market: A Guide for Buyers

Posted on Mar 14, 2024 in Buying Tips

In the whirlwind world of Toronto's real estate, the market often dictates the rules of engagement for both buyers and sellers. As Toronto re-enters a sellers’ market, where demand surpasses available inventory, buyers must equip themselves with strategies to navigate this competitive landscape effectively. So, what does Toronto's return to a selle...

Resurgence of Demand & Competition for Homes

Posted on Feb 29, 2024 in Buying Tips

In the heart of Toronto's real estate landscape, a significant shift is underway. It's like the housing market suddenly rediscovered its turbo boost button, sending buyers and sellers into a frenzy. Multiple offers are becoming the norm again, particularly for houses priced under $1 million. As we navigate through this resurgence in demand and heig...

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