How does a Toronto Luxury Home Appraisal Work? I recently attended an appraisal course facilitated by Barry Lebow, a leading expert at Lebow Hicks Ltd in residential appraisals. The interesting part of the course was listening to Barry's insights on how the standard appraisal theory has changed over the years for appraising high-end homes. With the renovation boom and infill development trend in the last 15 years, appraisals for luxury homes no longer just go by the textbook concept of adjustments. Rejuvenated homes in the inner city with luxury upgrades are not just confined to exclusive neighbourhoods. What areas in Toronto have Luxury housing? If you are familiar with Toronto luxury neigh

The cost of buying or selling your home is not just based on the purchase price on the offer. If you are selling, you would want to get a snapshot of all the related closing fees to work out your net proceeds from the sale. If you are buying, you would want to budget and have funds put aside well before writing an offer. Below is a quick summary of the closing costs when buying and selling a Toronto house. BUYING APPRAISAL FEE When you apply for a loan, home appraisals are used to protect the lender’s interest. Typically the lender won’t lend more than the home’s appraised value. When the lender orders the appraisal to process your final loan approval, the purchaser typically pays for the ap

The first half of 2018 has shown a bit of volatility since the stress test came in place due to homeowners reacting to the policy changes. We expect home buyers will re-enter the market in the second half of the year with month over month selling prices trending up. Month to Month Home Price for all home types: Average GTA Selling Price is $807,871 +2.0% Average 416 Selling Price is $870,559 +5.2% Average 905 Selling Price is $768,945 +0.1% Month to Month Home Price for condominiums: Average GTA Condo Selling Price is $561,097 +7.9% Average 416 Condo Selling Price is $605,530 +9.5% Average 905 Condo Selling Price is $450,672 +3.4% START YOUR HOME SEARCH HERE Start your search for your nex

Frequently Asked Questions about Selling A Home In Toronto As an experienced Toronto real estate agent with over 14 years in the field, I often encounter similar questions asked by homeowners who are thinking of selling. Over the years, I have compiled a list of questions here that I hope will be useful information. "I am thinking of selling my home on my own to save the fees." Whether you are a first time seller or have gone through the home selling process before, every selling experience is different. Selling a condo is different than selling a house, and selling a mid-century bungalow can be vastly different than selling a modern victorian house. When you are selling a Toronto home on y