How to Bridge the Appraisal Gap in Today’s Real Estate Market If you’re searching for drama, don’t limit yourself to Netflix. Instead, tune in to the real estate market, where the competition among buyers has never been fiercer. And with homes selling for record highs,1 the appraisal process—historically a standard part of a home purchase—is receiving more attention than ever.  That’s because some sellers are finding out the hard way that a... [read more]

Appraisals in a Rapidly Shifting Greater Toronto Real Estate Market   Think buyers will pay whatever you want to set your list price for? 💸 You may be surprised! 😲 Don’t forget the bank will send an appraiser to determine the fair value for your house and will not lend more to the buyer than what it’s worth. Which can result in a strong offer fizzling out quickly. Whether you’re buying or selling, the appraisal is a major hurdle in a rapidly... [read more]

New Build or Existing Home: Which One Is Right for You? Homebuyers today are facing a huge dilemma. There simply aren’t enough homes for sale.1 Nationwide, the number of newly listed homes dipped slightly in September, down 1.6% from August. According to the Canadian Real Estate Association, that’s only about 2.1 months of inventory, which is far less than the five to six months that is generally needed to strike a healthy balance between supply and demand.2 Given the... [read more]