Following a huge run up in the real estate market in and around the GTA in 2021 and early 2022 (up to mid March), there was a massive and abrupt correction resulting in a very high number of breached real estate contracts. Many of these breached real estate contracts have settled prior to going to the courts, but there is still a significant number that went before the judge. Almost 3 years have passed since the market turned south and quite of few of the lawsuits have now appeared on... [read more]

In the past we have written a blog providing a basic insight into the condo fees to explain why condo fees are so expensive. Before we dive into more details let’s recap some aspects of the condo fees: The fees for condo apartments are typically much higher on a per square foot basis than condo town homes as long as the town homes are not attached to the condominium building. Units with parking and locker will have higher fees than identical units in the same condo corporation... [read more]

On September 24, 2024 The Government of Canada announced significant changes to the mortgage rules qualifications. The two changes are: Increasing the $1M price cap for insured mortgages to $1.5M. Expanding the eligibility for the 30-year mortgage amortizations to all first-time home buyers, and to all home buyers of preconstruction homes.   Increasing the $1M price cap from $1M to $1.5M for insured mortgages. This is a significant change for buyers who could afford... [read more]