Author: SLG

A letter arrives in your mailbox about 4-6 months before your mortgage term ends. It’s time for your mortgage renewal, a process most Canadian homeowners will undergo several times throughout their mortgage. For many, it’s a simple matter of signing the renewal offer and moving forward. But what if your bank decides not to renew … Continued

As the 2025 tax season is upon us, it’s important to understand how your real estate transactions could affect your taxes—whether you bought, sold, or invested in property in 2024. Canadian homeowners, sellers, and investors can benefit from a few smart strategies to avoid surprises and maximize deductions. Here are the key real estate tax … Continued

Owning a home in Ontario is a significant achievement, but it’s essential to understand the long-term financial responsibilities that come with it. Beyond the initial purchase price, homeowners should anticipate various maintenance and repair costs over the years. This guide provides an overview of common home repairs in Ontario and their associated average costs, helping … Continued

At SLG Homebuyer, we understand that timing is everything in real estate. If you’re thinking about selling your home, summer might just be your golden opportunity. Here are 10 compelling reasons why summer is the best time to list and sell your property. 1. Higher Sale Prices Homes sold in the summer tend to fetch … Continued

🏠 What Are Property Taxes? Property taxes are annual fees paid by property owners to their local municipality. These taxes help fund essential services such as garbage collection, snow removal, emergency services, road maintenance, schools, and public transit. In Ontario, property taxes are based on two key factors: 🧮 How Are Property Taxes Calculated? The … Continued

In 2025, U.S. tariffs are exerting significant pressure on the Canadian housing market, leading to decreased home sales and cautious buyer sentiment. This environment is prompting many homeowners to consider selling their properties as-is to expedite transactions and avoid further depreciation. Canadian Home Sales Decline Amid Tariff Uncertainty Recent data indicates a notable slowdown in … Continued

Current mortgage renewal rates are substantially higher than they were five years ago, despite recent Bank of Canada rate cuts. Homeowners who secured mortgages during the ultra-low interest rate environment of 2020-2021 may experience sticker shock in their mortgage renewal process. With approximately 1.2 million mortgages in Canada set to renew in 2025, representing over … Continued

The spring housing market in Ontario is traditionally a bustling period, but in 2025, it’s experiencing an unusual slowdown. Despite multiple interest rate cuts by the Bank of Canada, the market remains tepid. Let’s delve into the factors contributing to this deceleration. 1. Economic Uncertainty Dampens Buyer Confidence Ontario’s economy is grappling with challenges stemming … Continued

Why Toronto’s Condo Market Has Stumbled Over the past few years, Toronto’s once-booming condo market has taken a hit—and for good reason. Between rising interest rates, economic uncertainty, and an oversupply of units in certain pockets of the city, demand simply hasn’t kept up. What used to be a red-hot investment is now a waiting … Continued

On April 28, 2025, Canadians re-elected the Liberal Party under Prime Minister Mark Carney, securing a fourth consecutive term in office. Although the Liberals fell just short of a parliamentary majority, their victory signals a continued commitment to addressing Canada’s housing challenges, with significant implications for Ontario’s housing market.​ Accelerated Housing Development The Liberal government … Continued

✅ 1. Be Honest About Your Situation Whether you’re dealing with missed mortgage payments, credit issues, or just need fast cash, being upfront with potential buyers or home buying companies like SLG Home Buyer can save you time and headaches. We work with homeowners in all kinds of situations — job loss included — and … Continued

As Ontario approaches the 2025 federal election on April 28, the province’s housing market stands at a pivotal juncture. The interplay between federal policies, economic uncertainties, and party platforms will significantly influence housing affordability and availability. Current Housing Market Dynamics In March 2025, the Greater Toronto Area (GTA) experienced a 2.4% seasonally adjusted decline in … Continued