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September 13th, 2019
Downsizing happens for many reasons. Empty-nesters could be wanting to travel more and not worry so much about a large home. Recent retirees may be looking to spend more time at their cottage, and only want to manage a condo in Toronto as a secondary home. Perhaps a new job means that only part of the year will be spent in Toronto, so a smaller residence would be a better option. No matter th ...

CONDO CORNER: Condos Stay Strong

August 26th, 2019
Anyone who has been keeping an eye on the Toronto real estate market over the past few years will know that the condo market is hot, hot, HOT. Latest statistics show that there is no slowing for this part of the market.

So why are condos so hot? There are quite a few contributing factors. First, more and more people are opting to “live where they work” to reduce their commute and have more spa ...

Toronto is Tops with Canadians Moving for Real Estate

August 7th, 2019
A recent survey verified that Toronto is the most desirable city to move to for real estate. Well, we certainly aren’t going to argue that. Toronto real estate is outstanding.

The survey, completed by Finder, polled 1,200 Canadian adults. The result was that 54% were willing to move to another city just to own a home. Not a shocking result. The intriguing part was that Toronto was tops. The re ...

LIFESTYLE SERIES: Smart Renovations

August 2nd, 2019
You’ve found your dream home in the Toronto real estate market, which you have been loving for a few years. Now you are considering renovations so that you may continue loving your home for many more years to come. Renovations happen for a number of reasons: making more space, retrofitting to meet mobility needs, changing dated décor, correcting structural/electrical/plumbing issues. The list ...

Toronto’s Growth – By Crane Count

July 31st, 2019
Toronto has shown incredible strength, and growth, in the past few years. In 2018, Toronto was named the 4th most liveable city in the world, and the fastest growing city in North America. Backing up those claims is the number of cranes that are up and working hard in Toronto… 120 as of July 2019. This is more than double the number of cranes in any other North American city.

So what’s all the ...

MOVING TO CANADA: Things to Know

July 26th, 2019
  1. Immigration
    If you are relocating to Canada for your employer, you will need to apply for permanent residency. This is a fairly fast process (in comparison to some countries), and can take just a few months once the initial application has been submitted. The higher your Comprehensive Ranking Score (CRS), the faster the process. The CRS is based on many factors, some of which include having ...

Stress Test Becomes Less Stressful

July 24th, 2019
There has been lots of talk surrounding the mortgage “Stress Test” that took effect January 1, 2018. The test requires that all homebuyers requesting a new mortgage (regardless of putting 20% down) prove that they can actually afford the prime rate set by the Bank of Canada. For uninsured home buyers (those with a down payment of 20% or more) the minimum qualifying rate is based on either the ...

Sales & Prices Up, Inventory Slow

July 12th, 2019
Real estate in Toronto is a great investment. Property values remain strong, and demand shows no sign of faltering.

June 2019 saw a total of 5,907 active listings in Toronto, compared with 5,748 last June (up 2.77%). Slightly up, but we honestly thought this would be higher. June 2019 had a total of 3,201 sales, compare with 3,073 in June 2018 (up 4.17%). Again, upward trend. What is more inte ...

RELOCATING TO TORONTO: Helpful Relocation Tips for Summer

July 10th, 2019

No matter the circumstances, moving to a new house or apartment can be overwhelming and stressful. But with proper planning and preparation, you can help make moving to Toronto this summer just a little bit easier for yourself and your family. Summer is the ideal time of year to plan and execute your move for a number of reasons. The warm temperatures make transporting all of your precious ...

Happy Birthday Canada

July 1st, 2019
At MAC Real Estate, “it’s not business… it’s personal”. The success of MAC Real Estate is due to Canada’s freedom and peaceful existence. On July 1st, we celebrate Canada’s birthday.

July 1, 1867 marked the day the British North America Act (now known as the Constitution Act) was enacted. On that day, Canada became its own country, within the British Empire. At the time, there were only three ...
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