Toronto Market Update – May 2026
Posted on May 12, 2026
Toronto’s housing market showed signs of tightening in April, as the number of available homes declined while sales activity picked up. According to the Toronto Regional Real Estate Board, this shift could encourage more hesitant buyers to re-enter the market.
A total of 5,946 homes were sold in April, marking an increase of about 7% compared to the...
What is a Variable Rate Mortgage?
Posted on May 12, 2026
A variable rate mortgage is a home loan where the interest rate can rise or fall over time. It is typically based on a simple formula: the lender’s prime rate, which can change, plus or minus a fixed discount that stays the same for the length of your term. This fixed difference is often called the spread.
Because the rate is not locked in, variable...
How Down Payment Assistance Programs Work in Canada
Posted on May 12, 2026
A down payment assistance program, often called a DPAP, provides financial support to help buyers cover between 5% and 15% of a home’s purchase price, depending on the structure of the program.
Saving for a down payment is one of the biggest challenges for buyers in Canada. Under current mortgage rules, buyers typically need at least 5% down on the...
Understanding Condo Fees in Ontario
Posted on May 12, 2026
Condo fees are monthly payments that help cover the shared costs of owning and maintaining a condominium property. These fees typically include building maintenance, upkeep of common areas, and sometimes utilities or access to amenities. They are paid in addition to a homeowner’s mortgage and property taxes.
How Are Condo Fees Calculated?
Condo fees...
Toronto Market Update – April 2026
Posted on Apr 09, 2026
Home sales in the Greater Toronto Area rose on a year-over-year basis in March for the first time in six months.
According to the Toronto Regional Real Estate Board, 5,039 homes changed hands in March, up 1.7% from the same month last year. This marks the first increase since last September.
TRREB president Daniel Steinfeld called the rise “an encour...
The Importance of Pricing Your Home Correctly
Posted on Apr 03, 2026
When you decide to sell your home, everything can suddenly feel very real. There are memories tied to each room, excitement about what comes next, and a long list of decisions ahead. Among all of them, one question stands out above the rest: What is the right price?
Why Pricing Matters More Than You Think
Presentation elements such as staging, photog...