Amazon HQ and Toronto’s Real Estate

By: Loretta Phinney Team

Amazon HQ and Toronto’s Real Estate

Tags: Amazon HQ, Real Estate, Housing, First Time Buyers

50,000 new, high-quality, well-paying jobs will be created wherever Amazon decides to construct their second headquarters. Is the GTA ready for this potential job creator? When it comes to housing, could the GTA housing supply constraints be factor in why Amazon may be looking elsewhere.   Toronto is a technology-hub with many high-skilled workers scattered throughout the Greater Toronto Area...Read More

Transparent Sale Prices to Help Home Buyers

By: Loretta Phinney Team

Transparent Sale Prices to Help Home Buyers

Tags: GTA Home Sales, Real Estate Market, Real Estate Data, Investment

A home that recently sold in Toronto was posted as selling for just $1. Of course, it is too good to be true. In response, the Toronto Real Estate Board (TREB) issued a warning to agents to not enter “inaccurate sold prices” of real estate transactions.   Clients may not want the selling price listed for privacy reasons. But the rules of TREB for reporting sales data are clear &nd...Read More

New Real Estate: Build-up of North Oakville

By: Loretta Phinney Team

New Real Estate: Build-up of North Oakville

Tags: Oakville, New Real Estate, Residents, New Homes

If you haven’t been to North Oakville in a while, a drive on Neyagawa north of Dundas might bring some surprises. Oakville is currently one of the fastest growing communities in the GTA. What does this mean for real estate?   Four new areas are being designated north of Dundas – 407 West, Sixteen Hollow, Glenorchy, and Joshua Meadows. Trafalgar road and Dundas will be the central ...Read More

Toronto Tech Sector’s Influence on Real Estate

By: Loretta Phinney Team

Toronto Tech Sector’s Influence on Real Estate

Tags: GTA Real Estate, Tech, Housing Demand, Toronto Condos

There is no question that Toronto is poised to become a prominent global tech hotspot.   Toronto is ranked number two and number four in the world for tech. More tech jobs were created in Toronto than Silicon Valley and New York combined. Companies like Intel, Microsoft, Uber and Shopify are all locating offices in Toronto and the GTA. This means more well paid professionals are going to be l...Read More

Bidding Wars Beware: 7 Tips to Win

By: Loretta Phinney Team

Bidding Wars Beware: 7 Tips to Win

Tags: Real Estate Offer, Bid, Lender, Real Estate Deal

When a home sells for half a million over selling, you know there is something fishy going on. Some Realtors are intentionally listing homes for well under a reasonable valuation in order to attract interest and buyers. In other words, bidding wars are being created because it is a good strategy to get a higher price.   Offers and listings should be transparent ideally. But that is clearly no...Read More

Latest Stats Highlight an Outstanding Oakville

By: Loretta Phinney Team

Latest Stats Highlight an Outstanding Oakville

Tags: Oakville, Community, Family, Property Tax, Residents

  Oakville is consistently ranked as one of the best communities to raise a family and live in Canada. A recent audit of Oakville by KPMG highlights some tangible stats that back up some of the reasons why: Population: 194,000 Population increase: 2.05% Total town land area: 138.89 square kilometers Resident satisfaction rate for municipal government: 81% Property Tax increase: 1.78% ...Read More

Interest Rate Hike Announced: Impact on Housing

By: Loretta Phinney Team

Interest Rate Hike Announced: Impact on Housing

Tags: Real Estate, Interest Rate, Mortgage, Debt

The Bank of Canada announced an interest rate hike today of a quarter point to 1.75%. What does this mean for housing? How will real estate be affected?   Interest rates increase to keep economic growth and inflation in order. The Canadian economy is “at capacity” according to Stephen Poloz, the Governor of Canada’s Central Bank. This means that low interest rates are no lon...Read More

Local Event: Two Remembrance Day Ceremonies in Oakville

By: Loretta Phinney Team

Local Event: Two Remembrance Day Ceremonies in Oakville

Tags: Oakville, Remembrance Day, Canada, Bronte

Oakville has a strong tradition of hosting multiple Remembrance Day ceremonies each year to remember the end of World War I. This year marks the 100th anniversary of the end of World War I which took close to 61,000 Canadian lives from 1914 to 1918.   World War I was a war full of hardship and atrocities but Canadians are remembered for fighting with courage and bravery particularly in the ba...Read More

Reverse Mortgages and their Importance for Baby Boomers

By: Loretta Phinney Team

Reverse Mortgages and their Importance for Baby Boomers

Tags: Real Estate, Mortgage, Baby Boomers, Debt, Homeowner

Reverse mortgages are a loan given to homeowners from banks. This loan is secured over the value of the residential property – so the homeowner is essentially selling part of the home to a bank.   Usually, older homeowners that are retired and who are house rich and cash poor utilize reverse mortgages. The boomer generation is aging and many in this demographic have fixed incomes which ...Read More

Hoping for a Housing Crash? Don’t Hold your Breath

By: Loretta Phinney Team

Hoping for a Housing Crash? Don’t Hold your Breath

Tags: Housing, Real Estate, Affordability, GTA

There are two types of people, those that are hoping for a housing crash, and those that are fearful of one. There seems to be more of the latter in Vancouver and Toronto where high housing prices have contributed to ongoing affordability issues.   In fact, the majority of residents living in and around Toronto and Vancouver hope prices will fall by at least 10 percent according to recent pol...Read More