Real Estate

Are we seeing the return of the Buyers’ Market in the GTA?

Until February 2022, house prices were growing significantly across the GTA. As a result of the Bank of Canada increasing the interest rate, the prices started to plateau, and now decrease. The average price for a house in the GTA in May 2022 was $1,212,806, actually cheaper than in January’s $1,242,793. Crunching the numbers further, […]

Real Estate

The new first home savings account explained

Background The national average home price reached a record high of $816,720 in February 2022, up by over 20% compared to last year, based on information provided by the Canadian Real Estate Association. Now, the Canadian government is introducing new policies and measures that assist Canadians who feel locked out of the market amidst record-high […]

Real Estate

How would a 24% drop in real estate prices impact you?

Our 2022 predictions Back in January 2022, our team published an article titled, “Predictions for Canadian Real Estate in 2022!”. In this article, we went into depth into the market trends and made bold predictions based on our A.I. powered research. We predicted that the market would stabilize in the near future and when that […]

Real Estate

How does the Bank of Canada interest rate hike impact you?

The Bank of Canada hiked its interest rate for the first time since 2018. With a couple of more hikes looming this year, there is a direct impact to all Canadians. But, how does the increase impact you? Background In anticipation of an interest rate hike, banks and credit unions steadily increased their fixed rates […]

Real Estate

Toronto vs. Vancouver: Toronto Takes the Crown

Residents love to see their home city breaking national records, but the people of Toronto may be more upset than happy about Toronto’s latest record. Toronto recently made headlines for its real estate market trends in February 2022. As of early February, Toronto has overtaken Vancouver as Canada’s most expensive real estate market! When it […]

Real Estate

Predictions for Canadian Real Estate In 2022!

We are witnessing one of the most unpredictable markets in the history of Canadian Real Estate. Given the importance to us all, we took the liberty in putting together our predictions to help us all safeguard what matters most. But first, let’s take a look at how we got here. Since 2010, the year […]

Real Estate

Winter vs. Spring in the GTA Housing Market

In Real Estate, timing is key. You may have the perfect house to sell, in a desirable location, but if you sell it at the wrong time, you may end up receiving tens or even hundreds of thousands of dollars less than you should. Traditionally, Spring has always been the best time to sell, with […]

Real Estate

The Canadian Real Estate Bubble Is At Risk Of Deflation

PLANULIFE REALTY ANALYSIS The Canadian housing sector moved from a moderate to high degree of vulnerability during the second quarter, with Toronto, Ottawa and Montreal among the markets at the most risk according to the Canadian Mortgage and Housing Corporation (CMHC). Home sales reached historic highs in 2021, but there was low evidence of excess […]

Real Estate

Housing after you separate or divorce

We never really plan for this to happen, but when it does it can feel like there’s so much to look after – including your mortgage. We can help with this, and take a load off your mind. ⠀ Often when couples purchase a home together, they qualify based on dual income. When separating, they […]

Real Estate

TIPS FOR BUYING IN THE SPRING MARKET

Choose your agents well Commitment is not a bad thing in Real Estate and Mortgages. Make sure you create a strong relationship with both your Mortgage professional and Real Estate Agent upfront. No one succeeds when you have multiple agents hounding you with listings and rates. It just creates confusion. Most great agents will not […]