The Liberal Government both at the Federal and provincial level as well as Mayor of Toronto seem hell bent on bringing down the prices of real estate to make it affordable for everybody. In some imaginary world this is going to stick. The problem is with their plan is that there is simply too much demand and too many people who need housing here in Toronto. All the regulation and all of the taxing might scare people away for a while but in the long term prices will bounce back. Here are the reasons why the prices will not stay low too long.

1. Interest rates: The interest rates are simply too low. Unless the rates go up drastically, and I mean drastically, than the interest rates are low.
2. Demand: Too many people want to live in the city and the GTA. We live in one of the best cities in the world and people want to be as close to it as possible for so many different reasons.
3. Low Unemployment rate: The rate is relatively low in the GTA compared to other countries and provinces. There are many jobs and people who can afford to pay for houses.
4. High Immigration rate: There are a lot of people coming here for school, jobs and investment into the country. People want to live here.
5. Domestic & Foreign Investment: Despite the government trying to sway foreign and domestic investment with taxes, there is high investment from everybody in the GTA and outskirt cities. Even with the government wetting their beaks at every level of investment, there is still money to be made with regards to rental and tear downs and so on.
Even with the announcement of the interest rates going up, and will go up in a few months, this still will not shatter the market. As you can see, the market in Toronto and Vancouver is bouncing back, and with whatever scheme they come up with, it would be only a matter of time when prices bounce back and continue to sky rocket in these two markets. As for the rest of the country, the federal policies will hurt those already slow markets.


Virtual Staging

There has been a lot of advances in technology this year, and one of the areas is virtual staging. It has come down so much that some agents are looking at this as viable alternative to staging, rather than have the place look empty on photos and videos. In my...

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Price Drop 30% put into Perspective

The prices of sales in the GTA have come down 30% from last year. Let's put this stat into perspective. The prices from January to April sky rocketed and then came down after that. Of course they are going to be a lot lower since the prices jumped so much. The media...

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Are You Ready For Your Information To Go Public?

I read the articles, I read the comments, people want information. They want it all. That is the new way of doing business. They want all of the information that real estate agents have access to, and they want it for free, and they want it now. People think they have...

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The purchase price of your home is only one of the costs you'll encounter. Here are other possible costs you need to consider:   Mortgage loan insurance: If you are putting less than 20 per cent of the house value down, you're going to need mortgage loan...

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Over Rated Home Features

When I do an open house or put a house up for sale, I always get a few questions about features that I always say, why do you want that. Here they are: 1. Central Vacuum: Why do you want to lug around a snake and try to clean the house? Its simple, its called Dyson....

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Uber is Not Like Real Estate!

I read articles all the time written by Real Estate agents who are trying to convince themselves that we are in a good business to be in, and that it is necessary to use an agent for every transaction. In Toronto, put up a sign and your property will be sold by the...

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Transit Solutions Would Help Lower GTA Prices

One thing that can truly help lower GTA prices are some major transit solutions. It is apparent that the GTA market and all of the surrounding areas have gone buck wild in the past few years, and especially in the last few months. So many sales records have been...

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Why You Should be Underpricing Your House For Sale?

Its all about quantity and impression.When people are buying a house, they get into some-what of a HEAT! Underpricing Your House drives that heath up. I would call it a hunter gatherer mind set. Buyers are constantly on the hunt, and one thing that I've noticed is...

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Would You Go Into a Court Without a Lawyer?

Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

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Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market.    The middle & lower class does not like the fact that they cannot afford any real...

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Tesla’s Solar Roof Powered Shingles

Solar roof panels are the ugliest feature to attach to your house. I tried to sell a house once with solar panels and nobody wanted to even think about it. The panels were bulky and ugly, and the technology to save the power to batteries was messy and confusing. ...

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