Tucked along the Humber River at Toronto’s western edge, Swansea is a historic waterfront neighbourhood stretching from the shores of Lake Ontario in the south, to Bloor Street West in the north. For discerning home buyers who are active in their exploration of the West Toronto and Etobicoke markets, Swansea is a must-know community.  While distinguished among in-the-know Torontonians, Swansea has remained a best-kept-secret for several decades. However, the neighbourhood’s relatively low profile is in no way indicative of its character. As one of West Toronto’s most exceptional enclaves ..read more

The Toronto Regional Real Estate Board (TRREB) has released the sales figures for March. Despite more buyers having adjusted to the new interest rate environment, the 6,560 home sales reported represent a 4.5% decrease in transactions when compared to the previous year.  Prospective buyers were afforded a greater selection of property than they were a year earlier. The 13,120 new homes listed for sale represent a 15.1% increase over last March, with active listings rising 23.1% to 12,459. Inventory now sits at 1.9 months as the spring market gets underway.  Increased competition amon ..read more

The Toronto Regional Real Estate Board (TRREB) has published the sales figures for February. With 5,607 home sales reported, transactions were up 17.9% from last year as population growth and a resilient economy continue to support the demand for housing. Housing supply increased in February with the rate of new listings exceeding that of sales. The 11,396 new homes listed for sale represent a 33.5% year-over- year increase, with active listings rising 15.1% to 11,102. As we entered the month of March, inventory now sits at 1.98-months. Need to sell your home? Explore these resources for ROI-b ..read more

Following updated 2024 provincial guidelines, most residential rental properties in Toronto remain subject to rent control. This limits some landlords from increasing rent on existing tenants above the determined rate regardless of whether market conditions may justify higher adjustments.  That said, given the financial and legal implications, it’s critical for prospective or active investors to understand these in-place restrictions while managing their tenants and property.  This blog post will analyze Ontario’s active regulations on rent increases, which properties they apply to ..read more

As Toronto’s unique market faces greater strain related to supply and demand, the City has made certain adjustments to how real estate is taxed – with further changes potentially on the way.  However, these changes do not impact all Torontonians equally. Rather, these developments directly target affluent residents, which has led many to refer to these initiatives as a ‘wealth tax’.  So what should you know about the wealth tax? Keep reading for in-depth information.  Want to protect your wealth? Our strategic advisory services can help you achieve a lucrative sale or investmen ..read more

Luxury real estate is distinct. The properties, clientele, and market all follow individual trends separate from the traditional real estate realm.  In the case of selling a luxury home in Toronto, sellers who are eager to achieve a high return on their property must approach the market in a strategic and informed manner. By extension, luxury sellers should closely consider how their homes will meet the needs and tastes of first-rate buyers.  With an in-depth understanding of what contemporary buyers are looking for in Toronto’s luxury real estate market, upscale property owners gain ..read more

The mortgage qualification process is one of the most influential details in your home purchase. The more favourable of a mortgage you qualify for, the more successful your market venture will be.  Even if you are working with robust financial resources such as an above-average income, holding a strong credit score informs your bank or lender that you are qualified to take on and repay debt reliably. With that in mind, monitoring and optimizing your personal credit becomes particularly important ahead of buying a home. Buying a home in Toronto? Our strategic buying services can help you ..read more

Condos are often seen as a more affordable entry point into the real estate market compared to traditional houses, making them an attractive option for first-time buyers and investors alike. However, many potential condo buyers wonder whether or not this unique type of real estate boats the same appreciation and ROI potential as detached homes. Seeking an exceptional real estate experience? Our strategic advisory services can help you achieve a smooth home purchase or sale. Call us at 416.441.2888 or reach us by email at evan@christensengroup.ca. What Drives a Condo’s Market Value? Several f ..read more

Happy New Year. We hope you have a happy and healthy 2024. The Toronto Regional Real Estate Board (TRREB) has released the housing data for 2023. As we know, sales activity was down this past year, with housing affordability issues being exacerbated by higher borrowing costs and a lack of new listings. With 65,982 transactions reported through the MLS in 2023, sales were down 12.1% compared to 2022. For broader context, this was the lowest annual total since 2000, and 29.4% below the 10-year average of 93,494 sales. The annual average sales price was $1,126,604, a decrease of 5.4% from 2022. T ..read more

The Toronto Regional Real Estate Board (TRREB) has published the sales figures for November. With 4,236 home sales reported, transactions were down 6.0% from last year. The higher cost of borrowing and uncertain economic conditions continue to influence the housing market.   Housing supply continued its upward trend in November. The 10,545 new homes listed for sale represent a 16.5% year-over-year increase. Active listings were up 40.7% to 16,759. Housing supply now sits at 4.0 months heading into December.  Preparing to sell your home? Explore these resources for informative in ..read more