Blog

The housing and condo market in GTA was going almost at full throttle until the threat of COVID-19 became real and the social distancing measures were announced by the province and the cities. Then all of sudden the home sales started to decline. The release of new condo projects (those which were about to be released) were postponed indefinitely by the builder. After a month of drastically declining home and condo sales due to the COVID-19 pandemic, the time may now be ripe (or in a... [read more]

Before COVID-19 was declared a pandemic by the World Health Organization on March 11, the spring real estate market was set for a record-breaking sales season, especially in Canada’s largest cities. The Canadian Real Estate Association revealed the month of February was particularly hot for year-over-year sales, which rose 27% nationwide, indicating the busy spring buying season had started early. Similar performance was recorded for Toronto and Vancouver homes for sale; transactions rose... [read more]

Balwant Bhangu | Pre-construction & New Homes Specialist  So most of us are confined to our homes due to the pandemic and everything came to standstill. We are not used to this at all and our routines have been broken. Most of the establishments are closed and all of a sudden we have free time on our hands which we never had before. Life seems slow, the neighbourhood is quiet. Nothing much on television to watch and we are bored due to the pause in the hustle and bustle. If... [read more]

Balwant Bhangu | Pre-construction & New Homes Specialist  Beeton: The village charm close to the city A hidden gem, Beeton; nestled between Tottenham and Alliston is a perfect place to raise a family. Just 30 minutes from Vaughan and Brampton, Beeton offers a reprieve from the daily hustle and bustle of the metropolitan. It's just 20 minutes from the Tanger Outlets in Cookstown and only 30 minutes to Barrie and Newmarket, where you can find more golfing, bike trails,... [read more]

Finance Minister Bill Morneau announced changes on February 18th, 2020 to the “stress test” rate for insured mortgages. According to the Minister of Finance, it is being introduced to help more Canadians achieve their housing needs while also taking measured actions to contain risks in the housing market. A stable and healthy housing market is part of a strong economy, which is vital to building and supporting a strong middle class. The new benchmark rate — the minimum... [read more]