Recent Blog Posts by CENTURY 21 Leading Edge Realty Inc.

Condos attracting those near and far

The booming condominium market in the GTA has been fueling real estate sales for years, providing buyers with options for investing and living.   TD Canada Trust’s 4th Condo Poll revealed that the low maintenance of condos compared to homes is the biggest motivation for those buying condos, making up 36 per cent of their decision-making power, while affordability comes in second at 24 per ...

Consumer Debt

If Canada’s household debt were evenly divided up between all Canadians, a family with two children would collectively owe $176,461. A bit of scary information, isn’t it? This statistic was recently revealed in a study conducted by the  Certified General Accountants Association of Canada. Household debt, defined as the outstanding balance of household credit, including consumer credit ...

Baby Boomer Mortgage Lag

According to the  TD Canada Trust Boomer Buyers Report, more than half (56 per cent) of Canadian baby boomers have not paid off their mortgages. TD polled 1,000 boomers born between 1946 and 1964 for the Boomer Buyers Report conducted in October 2010. Of those who have not paid off their mortgage, one third have paid off more than 75 per cent of their mortgages while another quarter of the boomers ...

Selling a loved one’s home

It’s the last thing you want to think about at such an emotional time, but when a family member passes away the house legally changes over to care of the executor and it’s time to make some hard decisions. With more than 400,000 Canadians born between 1947 and 1966 in the baby boom, more and more families will be dealing with aging family members. There are a few steps the family and ...

Is it Time to Downsize Your Empty Nest?

Is this the fall that your home becomes an empty nest? Every September as students head off to college and university, parents are left behind. Once the youngest child leaves they are left in what has come to be known as the  empty nest. Some parents mourn and some celebrate their time alone and with each other. However you feel about it, moving to a smaller home may be a good option to consider. ...