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Sutton Group-Admiral Realty Inc., Brokerage *'s blog

Investing in Toronto Real Estate: Hot Upcoming Neighbourhoods

Investing in real estate is hardly a novel concept, and few markets in Canada are more closely scrutinized than Toronto. That doesn’t mean that investment opportunities in the Big Smoke are all tapped out though - there are still plenty of possibilities, and both buyers and current homeowners can see big returns if they stay on top of these trends.

 

Toronto’s Real Estate Market in 2023/2024

Toronto has one of Canada’s most active real estate markets, but even its popularity could not shield it entirely from the slight downturn seen in 2023. A variety of economic and political factors mean...

Home Inspection Checklist for Toronto Buyers

Buying a home is the single most expensive decision in most people’s lives, and to be sure you know exactly what you’re buying, a comprehensive home inspection is a good idea. Although home inspections are not legally required when buying property in Toronto, they are absolutely the best way to save money and stress down the line. But what’s covered in a home inspection, and what should you expect from your Toronto home inspector?

Home Inspection Basics

 

What is a home inspection?

A home inspection is a visual examination of all aspects of a property, including the interior, exterior,...

Heritage Homes in Toronto: Preserving the City's Architectural Legacy

In a city that’s always building, it can be easy to forget the importance of the many historic properties that help give Toronto its unique character. Let’s take a look at this fascinating - but often complicated - sector of the market.

 

Historic Architecture in Toronto

One facet of old Toronto that can put people off is the confusing nomenclature - and associated legislation - that comes with historically or culturally important buildings. But it’s actually not that complex, as long as you remember that both the province and City have their own rules.

The Ontario Heritage Act

The Ontario...

Financing Options for Renovation Projects: Making Your Dream Home a Reality

You may be able to make your dream home a reality much sooner than you think by utilizing one of the many financing options available to Canadian homeowners. And borrowing to renovate is not necessarily just good for your lifestyle needs - it can be good for your bottom line too. Here we’re going to take an in-depth look at the numbers side of home renovation, and how you can start planning for your renovation project right away.

Home Renovation: The Costs and Potential Rewards

A home renovation can cost anywhere from $100 to $500 per square foot, depending on the type, scale, and focus of...

Home Inspection Checklist for Toronto Buyers

Buying a home is the single most expensive decision in most people’s lives, and to be sure you know exactly what you’re buying, a comprehensive home inspection is a good idea. Although home inspections are not legally required when buying property in Toronto, they are absolutely the best way to save money and stress down the line. But what’s covered in a home inspection, and what should you expect from your Toronto home inspector?

Home Inspection Basics

What is a home inspection?

A home inspection is a visual examination of all aspects of a property, including the interior,...

Creative Ways to Add Value to Your Property: Budget-Friendly Tips

Our homes are usually the single most valuable asset we’ll ever own, so it’s no surprise that when it comes to selling them, homeowners of all kinds are keen to maximize their return. And even minor home improvements can mean vital extra dollars in your pocket; you don’t have to tackle that kitchen reno, or sink tens of thousands into fancy fixtures, in order to enhance your property’s value. Here’s our breakdown of some of the most effective, budget-friendly ways you can boost a home’s appeal:

1. Painting

Painting is often cited as the number one affordable way to increase your...

What to Expect When Buying a Home in Vaughan

Buying a home in Vaughan is a huge investment, so before you take the leap, here’s what you can expect:

 

Price

Vaughan is not a cheap place to buy a home; the average price is just over $1.3 million, making it the eighth most expensive area in the GTA. Like many of its neighbours, it has seen significant price increases in recent years, including 10.5% in the last 12 months alone. The average household income in Vaughan is $153,000, meaning residents are amongst the wealthiest people in the province, and cost of living sits at an average of $3,110 per month per adult. 

Toronto Real Estate Taxation and Rebates

No one ever said property in Toronto was cheap, and property taxes can make a significant dent in your bank account. But there are some ways to lessen your real estate tax burden, so let’s take a look at them here, alongside the taxes they relate to:

Taxes When Buying

 

Harmonized Sales Tax (HST)

HST is a combination of federal sales tax (known as GST and charged at 5%) and provincial sales tax (8%); it only applies to new condos and houses bought from a builder, and comes to 13% of the purchase price. 

You do not have to pay HST on the purchase price if you are buying a...

Toronto Home Renovation Costs and Returns

Home renovation is big business, never more so since the pandemic. Combine this with Toronto’s booming property market, and you’ve got a perfect storm, with ever more people jumping into the fray to make their millions via smart home renos. But how much does it actually cost to renovate a property, and is it really worth the effort? Here we’re going to take a look at what it means to renovate in the Toronto market.

Source: HomeStars Reno Report 2023

 

Best Renovation Projects in Toronto

Toronto’s high property prices, limited supply, and aging housing stock make it a...

Best Toronto Areas for Families with Kids

Toronto’s size and sprawl means it has plenty of distinct neighbourhoods that are great places to raise a family. In fact, the city as a whole is well-known for its kid-friendly amenities and excellent schools, so house-hunters are spoilt for choice! Whether your focus is on school districts, outside space, easy transit, or safety, Sutton Group can help you find the perfect neighbourhood. 

 

 

Best Waterside: The Beaches

There are a lot of great waterside neighbourhoods in the GTA, but the Beaches has to be top of the list for families with kids. It has 13 public schools,...

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