REVIEW OF MAY'S  MARKET STATISTICS The Greater Toronto Area (GTA) housing market continued to improve from a sales perspective in May 2023. Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing. Sales as a share of new listings were up dramatically compared to a year ago. This is a clear signal that competition between buyers increased sub...Read More

Purchasing a home is not the same as buying a product off the shelf. You don’t simply pay the price on the tag and know it’s yours. You can’t just see a home for sale and say, “I’ll take it!”, especially if the market is competitive. You need to make an enticing offer. That offer, of course, would include the price you propose to pay. That price may or may not ...Read More

If you’re entertaining the idea of selling your home, especially within the next year, one question you might be grappling with is, “Should I sell now, or wait until market conditions are more favourable?” The answer is simple. Your decision to sell should be guided by your own needs and desires and not by what you think the market will be like months from now. First of all, it...Read More

The Jean-Jacques Team has teamed up with Michael Hunter from MJH Financial to help improve our clients' financial literacy.  In this ever-changing world where information and advice are available with every click of a mouse or tap on your smartphone, Canadians need to be very discerning when choosing who or where to get financial advice from. According to Michael Hunter, here are 5 thing...Read More

REVIEW OF APRIL'S  MARKET STATISTICS The Greater Toronto Area (GTA) housing market continued to tighten in April 2023. On a year-over-year basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices since the beginning ...Read More

It’s incredible how quickly people form first impressions. According to some studies, people can develop lasting opinions within seconds of seeing someone, something, or someplace new. That’s why, when preparing your property for sale, it’s important to do everything you can to make sure it looks attractive to buyers. Nowhere does this first impression phenomenon play out more ...Read More

If you’re selling your home and there are other listings in your area, buyers will naturally compare your property to those other listings. Is there something about your home that you’re concerned will be seen as a competitive disadvantage? For example, do you have a small kitchen or fewer bedrooms than most other homes in the neighbourhood? There are a few things you can do to compe...Read More

The Jean-Jacques Team has teamed up with Michael Hunter from MJH Financial to help improve our clients' financial literacy.    In Ontario, the top marginal tax rate is 53.53%. Tax rates cannot go up any higher...can they? Although 53.53% seems like a lot, historically, that tax rate is quite low. Can you believe that between 1936 and 1980, the top tax rate exceeded 70%...Read More

REVIEW OF MARCH SALES STATISTICS April 5, 2023 – The Greater Toronto Area (GTA) housing market experienced a marked adjustment in 2022 compared to record levels in 2021. Existing affordability issues brought about by a lack of housing supply were exacerbated by sustained interest rate hikes by the Bank of Canada. "Following a very strong start to the year, home sales trended...Read More

When you decide to put your house up for sale, we will start by working together to determine the market value of your property. That’s important to know because if you price your home too much above its market value, you probably won’t get any offers. Alternatively, if you price your property too low, it might get snapped up quickly, but you’ll have left a lot of money on the ta...Read More