Now that you have saved money and made home ownership a serious goal, you are now well on your way to one of your most exciting purchases.  It is very important to first figure out what you can afford.  Your home should not have a n …

To get a better idea of what you can and can not afford you should ask yourself these questions: What is your annual household income before taxes? What are your debt payments? How much do you have for a down payment? How much time wo …

As stated in one of Tembo’s previous posts, the average national sale price is expected to hit $448,700 this year.  This is an increase of 1.4% year-over-year which is a major decrease from the 8.4% year-over-year Canada experience …

The Canadian Real Estate Association (CREA) recently stated that they expect average national home prices to increase by 1.4% in 2016 to an average cost of $448,700 with Ontario leading the other regions at an increase of 2.9%.  Thou …

The average home price in the Greater Toronto Area (GTA) has increased by 10%. GTA Realtors reported nearly eight thousand residential transactions through the Toronto Real Estate Board (TREB) MLS in August of this year. This is nearl …

Many people question whether or not open houses are still effective when everything could be online.  Though it is more convenient to post photos online, open houses still prove to be the most effective.  If you are seriously consid …

It is very important to find the real estate that suits you because they will be playing a key role  in your life, essentially helping you make the largest purchase you’ll ever make.  Your agent will represent you in the buying an …

When selling a house you must think of it like you are selling a product. Take all of your own emotional attachments out of it. Sellers must accommodate potential buyers, those who request an appointment need to be your priority becau …

According the Economist, Toronto has the highest housing prices in relation to its rental rates around the world. This survey suggests that Canada’s markets are more than 30% overpriced. Canada has now joined Britain and Australia a …

A new survey found that 72.1 per cent of millennials believe their ability to start or expand their family is directly impacted by real estate prices in their region. For example, in Toronto a detached home now sells for an average pr …

After completing your home search, making an offer, and accepting the terms you are now on your way to becoming a homeowner.  Owning a home is a major financial task and with it comes a number of responsibilities.  Some of these inc …

After completing your search, comparing monthly expenses, and taken a crucial look you have found the home that’s right for you.  Now it’s time to make an offer to purchase.  It is helpful to work with a realtor and even a lawye …