Lisbeth Herrera's Blog
News, information and tips related to the real estate market in Ontario
Toronto rent prices dropped down 14% in August
The real-estate market keeps changing and it seems like it is favouring those who are looking out to rent in the city of Toronto, where prices for one and two bedroom apartments continued dropping for six consecutive months. The average price for a one-bedroom...
7 Products to take your smart home up to the next level
Smart devices are no longer only an accessory but a necessary item in order to have a truly smart home. From Alexa enabled-toilettes to WiFi BBQ grills, almost everything you can have at home includes functions that are more than necessary. Now, once you have...
Bank of Canada cuts mortgage rate for a third time since the start of the pandemic
In the middle of the uncertainty that has generated this pandemic, this week has brought good news for those looking to buy a new property but specially first-time home buyers due to the official mortgage rate drop announced by the Bank of Canada. The central bank...
Drop Registered in House Sales in January
Home sales in January went down by 2.9% as major markets continued to grapple with tight housing supply, according to the latest figures from the Canadian Real Estate Association (CREA). The seasonally-adjusted decline in the overall market activity was primarily due...
Mississauga’s New Development will be a hit for the Real Estate Market
A major transformation for part of downtown Mississauga has been unveiled by Oxford Properties and Alberta Investment Management Company (AIMCo). The 130-acre development of Square One District is the largest mixed-use downtown development in Canadian history and will...
Prices in the GTA could Increase Rapidly
The real estate market in the Toronto metropolitan area could witness a rapid increase in home prices this year, according to the latest forecast from Royal LePage. During the fourth quarter of 2019, the region recorded an increase of 4.8% in aggregate housing prices...
Toronto proposes Budget to keep Property Tax in line with Inflation
Property tax in Toronto should only increase in line with inflation in 2020 if the staff-recommended budget for the city is approved. The tax-supported operating and capital budgets for 2020 will be reviewed and debated by Budget and Executive Committees before being...
Steady Rates for New Construction Registered in November
The residential real estate market in Canada registered a slight increase in housing construction in November, according to the latest report from the Canadian Mortgage and Housing Corporation (CMHC). There were 219,047 units that began construction in the month,...
Homeowners from these 3 provinces are More Likely to have Higher Income
A new Statistics Canada article highlights some of the key characteristics of homeowners in three provinces in 2018. The analysis of home ownership in British Columbia, Ontario and Nova Scotia found several trends, including the increased likelihood of homeowners in...
About the Financially Healthy Canadian Cities
According to a new report, some of Canada's richest cities in terms of family wealth may not be the healthiest financially. For example, households in Toronto and Vancouver typically show high incomes and high wealth, but also high levels of debt, and some cities have...
Toronto will move forward with the Short Term Rental Regulation
Plans to regulate the short-term rental market in Toronto will continue after the rejection of an appeal. It means that short-term rentals through platforms such as Airbnb will be allowed in all types of homes throughout the city, but only in the main residences of...
Burlington offers Great Opportunities to Live or Invest
Formerly a city of commuters, Burlington, has become a destination that people can call home, and an area of interest to investors. For starters, Burlington has become a more attractive place to live. The city is home to 183,000 people and plays an important role in...
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