Tyler Tim Realtor

Re/Max’s market outlook for the proceeding year anticipates a drop in unit sales numbers, yet an increase in prices. Toronto’s housing prices are expected to increase by another 8 percent in 2017; notably greater than the forecasted 2 per cent national average. Move-up buyers on the hunt for detached houses, which cost about $1.3 million in the GTA and $1 million in surrounding areas, will continue to drive real estate markets in 2017, according to the company’s Outlook Report. The average home price in the Toronto region was $725,857. In accordance to an 8 per cent increase we would see this figure rise to $783,926 next year. Cam Forbes, general manager of Re/Max Realtron Realty, described this year’s market as “extremely tight”. While the industry has experienced growth, the inventory of detached, semi-detached and townhomes reached a historic low. He does not suspect the government will allow this inflation in price level to continue. “Changes they have made to underwriting mor

The following article was published by Investopedia and written by Glenn Curtis. As a Real Estate Agent it is important to be one step ahead of the Market at all times. Knowledge of the Market is what makes a Real Estate Agent relevant and ensures client happiness. 5 Things that every Real Estate Agent should know are: 1) Study Local Pricing: It is important to know the local pricing and study how they work and the trends that affect them. By doing so you will be able to spot out where the demand lies. 2) Look For Catalyst: A sign that an area is on the rise is the development of infrastructure. It is important to take note not just where the demand is currently but where the demand will also be in the future. 3) Explore Low-Tax Alternatives: Another way to spot the demand is by taking a look at where low property tax is. The demand will be greater in an area with low property tax than in an area with high property tax. 4) Check the School Rankings: It is also impor

When buying a home in Toronto it is important to prepare yourself for the process by taking it one step at a time. Jamie Sarner's "Guide to Buying a Home in Toronto" will surely benefit anyone looking to a buy a home by taking you through 20 steps which play an important role in a smooth sailing home purchase. Planning Your Move: Finance It is important to make sure you are financially ready to buy a home. Research the basics for good mortgage rates and the costs associated with owning a home. Planning Your Move: Emotions Is now the right time to make a major lifestyle change?  How do others prepare for the big change in their life?  How much of an emotional investment will your move require? Planning Your Move: Physical House Change When you are choosing your new home, you will have to zoom in on the specifics:  where you want to live, and what is important to you when it comes to your new home. Market Research: House or Condo? How to understand

"China's futuristic 'hover bus' takes a unique approach to traffic jams by gliding over them"   This article was taken from the International Business Times, written by Owen Hughes. With the population of China being 1.374 billion, it is no surprise that traffic jams are a huge problem. To solve this problem the "Transit Elevated Bus" has been introduced as a solution. It is electrically powered and runs on rails embedded in the road, with a carrying capacity of 1,200 people at a time! The cost to build it is also 1/5 of the price of constructing a subway, with construction time being just 12 months. The concept of the bus is to not only reduce the daily congestion facing China but to also promote a more sustainable way of transportation. The "T.E.B" will reduce pollution to the atmosphere whilst effectively transporting passengers to their destination in a shorter period of time than a regular bus. However, though many

With the upcoming U.S. Elections just a few months away it looks like Donald Trump could also affect the Real Estate market on this side of the border as well. This article was taken from Business Canada and is a brief summary of what would happen to Canada's house prices if a Trump Presidency were to take place. At the Economist Canada Summit held in Toronto, many experts discussed some of the situations which could be very likely due to Trumps risky economic policies. His opposition to free trade would hurt the U.S. economy causing the interest rates to stay low for longer. And due to Canada's interests rates being tied in closely to that of the U.S. this could mean lower interest rates and mortgage payments for Canada. Also we could see American Millennials who oppose Donald Trump moving to Canada adding more pressure to the market. To read more about this article click on the link below. Click here for original article

It is important as a first time buyer to remember that the down payment isn’t the only cost associated with buying your first home. The article “First-time homebuyers: Brace yourself for extra costs” was written by Craig Wong and published by the Globe and Mail. This article tackles all the other costs that are usually swept under the rug when saving to buy a home. Some of the other costs that are included in the overall purchase of a house are home inspection, title insurance, and lawyer costs. There are also costs involved with making the house into a home such as buying furniture and appliances, moving expenses, service hook up fees and renovations and repairs. You should understand that when buying a house you should not only focus on gathering up enough money for a down payment. If you decide to put a 5% down payment you should save upwards 3-5 % on top of this. Before buying a home you should always consult with a specialist so that you are not t

Image taken from insperity.com This article was written by Samantha Brookes, taken from Business Canada. The article focuses on Millennials and the importance of buying a home ASAP if you can. Most people would assume that because Millennials are generally young they aren't too active in the Real Estate market, however this is far from the truth. In fact, half of the populations Millennials own a home right now, and those who do not are planning to buy a home within the next 5 years. If you are a Millennial it is important to keep your future home on your priority list, because it will benefit you in the future. Some ways to get started:  1)  If you want it and can afford it, just buy it -- even if it's not in a prime location.  Toronto and Vancouver are among the most expensive markets to live in Canada. So instead of focusing on living there focus on other locations which you can afford. It may not be convenient however it will benefit you in the long term by build

This article was written by Diana Olick, in this article one can see how house flippers have developed over the years and are now starting to "heat up". The article focuses on the right and wrong tactics of the house flipper and how their actions can dramatically affect the housing market. Through the use of different examples of other house flipper experiences, this article can be used to further understand the concept. House flippers are those people who can be very innovative and understand how to create the vision they have in their head for a home. Its important to obtain some knowledge on the idea of house flipping because the idea of house flipping can sometimes lead to more profit when selling a home. Helpful tips and tools for house flipping that are outlined in this article can make all the difference in a persons attempt to obtained a more profitable house. By checking out the article below one can get the knowledge needed to be more keen when house flipping

In this article written by the Canadian Press we see that the summer of 2016 will soon bring good news for the Canadian economy. More and more Canadians will be buying homes in 2016 which will lead to a better economy for all. Housing sales soaring to new heights will be one of the most proud moments for the 2016 year. This is great news for home buyers as well as real estate agents and should be treated as such. The demand of home buyers has increased over the years and 2016 will show how evident this really is when come sales reach all time highs.  This is great news for our country as we move forward to make a better economy and satisfy consumers in our land. Take a look at the article presented below for more information on how high sales are expected to increase and why these increases have occurred. I'm sure everyone can get something from this news presented. CLICK HERE FOR ARTICLE

For the first entry into a new blog series called summer tips, we look at a problem we all have had in the past on a hot summers day. This is the problem of trying to keep cool when the weather is so hot. In the article written by Jessie Wingard, one can see the true effects of drinking hot tea on a hot summers day. This hot tea can actually be more effective on a hot summers day then a cold glass of your favorite cold beverage. It is important to note that this occurs because drinking hot beverages can actually raise your core body temperature which can lead to a increase in sweat in all areas of the body. The article goes on to give details on all areas of the nervous system and how different hot products can actually have different affects on our bodies. For more information about this subject, be sure to check out the article placed at the bottom of this post. CLICK HERE FOR THE ARTICLE

If you believe house prices are crazy now, you should see the predicted prices 10 years from now. The article “Canada’s House Prices Will Look Like This In 10 Years, If Trends Keep Up” was featured on Business Canada and sparked a lot of attention. It tackled current trends and gave a scary prediction of the prices of houses in Canada in the next 10 years. For major cities such as Toronto the price of a single-family home will range from 2.26 to 3.582 million, and in Vancouver it will range from 2.8 to 5.1 million. Not only will buying a house be a hard task but also upgrading from a condo to a house will be strenuous. Statistics show that the average cost of upgrading from a condo to a house in Toronto is $758,000. However, in 10 years time the gap will be much wider ranging from 1.682 to 2.954 million. With the real-estate market becoming more aggressive each year it is important to take into consideration the benefits of acting now. Click here For Link To Or

The article under discussion is called Ten Amazing Places to Buy Real Estate In 2016. This article was posted by AJ Agrawal, the CEO of Alumnify. In the article the topic of the ten most amazing locations to buy real estate is being analyzed. These locations can ranch from around the world and each of the locations have a different quality about them that makes them a great place to live. Real estate is all about location and that is why the location of a home is so important, not only to the buyer but also the seller. Some of these locations include places like Atlanta, Boston, Memphis, and etc., each of these locations draw attention from buyers in different ways. Whether it may be for families or students, their are locations in the world that can suit the real estate needs, someone may be looking eyeing. No matter what your needs are with the location of your home, this article can help you find the location that can possibly be a good fit for someone in the future. Check out

Toronto House Prices Are Rising by $550 A Day The article being discussed is called “Toronto House Prices Are Rising by $550 A Day”. This article was featured on Business Canada and gave some insight on how everyday you delay buying a house in Toronto it will cost you $550. Houses are an investment and buyers should take into account the reasons they delay buying a house and if it they are worth it. For many homebuyers the ultimate goal is to be able to put down at least 20% to reap the benefits. However, is it time to abandon the 20% down-payment rule with house prices growing so rapid. If you live in a city where the real estate market is slow, it does indeed pay to save up for 20%. But say you live in a fast paced real estate environment such as Toronto would it really be worth postponing your purchase when every year the prices dramatically increase. In the end you would actually end up paying more per month because of the time gap.   It is important to take