Every year the government sets a maximum rent increase percentage for the upcoming year. It's called a guideline, but you can't really colour outside the lines. Next year it’s 2.5%, but it doesn’t apply to all rental properties.
In typical markets, about 16% of listings are actually relisted properties that failed to sell the first time around. Our current market isn’t typical and that number is significantly higher depending on where you are located.
There are a series of unwritten rules in real estate and a couple of the most important are how your listing strategy communicates your sale price expectations. Here’s our behind the scenes explanation of how it works – and how it doesn’t if agents don’t follow the rules.
Some properties are listed at a price that is really just reflective of what the seller wants to get, not what it’s worth. It can feel like you’re negotiating with a toddler and is often unsuccessful. Here’s our approach to developing a pricing strategy that actually gets the home sold.
One of the biggest factor that impacts housing prices is the level of supply, which has changed dramatically in 2022. Here’s the active listings we’ve seen so far this year for each type of housing. It’s honestly astonishing.
As of March 30, 2022, the Government of Ontario has increased the Non-Resident Speculation Tax on real estate from 15% to 20%, and it now applies across the entire province. Here’s what that change means.