The TanTeam’s 2023 Q4 Real Estate Radar: Let’s Talk!
/0 Comments/in Market News, TanTeam Editorial/by TanTeam EditorialThe last quarter of 2023 is shaping itself into an interesting time for real estate market go-ers and here is the latest bite sized updates:
Bank of Canada Keeps Overnight Rate Stable: On September 6th, the Bank of Canada announced its decision to hold its overnight rate steady. This move, combined with the current higher-than-average listings on the market, sets the stage for an anticipated and busy last quarter of the year.
Sales Activity on the Rise: Following the Labour Day holiday, we have witnessed a notable uptick in sales activity. Home prices remain steady, although some areas are moving quicker than others. This presents a prime opportunity for those considering trading up by transferring their existing low-rate mortgages or smart-sizing to another home to create a more comfortable financial situation without sacrificing much.
Mortgages – Unlock Your Financial Options: If you purchased your property before the 2nd quarter of 2022, you may have secured historically low mortgage rates of 2.79% for a 1-year fixed or 2.15% for a variable rate. Now, you might be feeling some financial pressure. Don’t worry; there are solutions:
- Consider refinancing, selling, or renting out your current property and explore more affordable options, perhaps with a secondary unit.
- If you locked in at the lowest rate with a 5-year term, you can “move up” by making up the difference with additional cash or by “extending and blending” your mortgage. This means you extend your initial term or longer and pay the current rate on the additional borrowed money, ensuring you still enjoy a great rate with more house than you could have afforded a couple of years ago.
Landlords – Navigate Rent Control Challenges: For residential landlords with properties built before November 15th, 2018, subject to rent control in Ontario, we understand the growing gap between current rent and market rates may be a concern. Here are some trends to consider:
- Some landlords are selling and reinvesting in properties where they can charge market rent.
- Others are opting to move into their investment properties or have immediate family members do so.
- In cases where properties are held in corporations, selling and buying anew becomes a viable option such as a “property swap”
Residential Tenants – Be Informed and Proactive: Tenants, it’s essential to stay informed and proactive in this dynamic market. If you’re paying substantially under market rent, be aware that you run a higher risk of having to move. Here’s why:
- Landlords aim to keep up with current market rates.
- Independent landlords can give notice and move in.
- Both independent and corporate landlords can choose to sell.
- Investor buyers prefer properties with rental income closer to market rent which means you might need to move out.
If paying closer to market rent isn’t an option, consider your long-term housing plans. Buying may be a viable solution. You could explore purchasing your current rental property or finding something within your budget. Either way, taking action or formulating a plan is crucial.
The real estate landscape is full of opportunities and possibilities, and we’re here to help you make the most of them. Reach out to The TanTeam today for personalized guidance tailored to your unique situation.
The TanTeam Real Estate Group
-Kai and Tan
Title Insurance Fraud – Are You Protected?
/0 Comments/in TanTeam Editorial/by TanTeam EditorialPart of what we do to ensure we continue to provide the best advice and services that our clients reasonably expect. We had took part in an interesting presentation that highlighted some potential concerns about your home title insurance that we’d like to bring to your attention.
If your home was purchased before 1998, there is a possibility that you may not have title insurance. Additionally, if you acquired your property between 2000-2005, chances are its value has doubled by now. While this is undoubtedly good news, it also highlights the need to ensure that your title insurance is up-to-date and provides adequate coverage.
You may be wondering why this is so important. Title insurance fraud is becoming an increasingly prevalent issue, and data suggests that homeowners from the above-mentioned time frames are at the highest risk. Title insurance is vital to safeguard your property against potential fraud, such as forged deeds or fake claims on the property.
Typically, title insurance policies only cover up to 200% of the purchase value of your home. As your property’s worth may have significantly increased, it’s crucial to reevaluate your coverage to guarantee the utmost protection.
Ensuring your home and investments are protected is one of the many things we do to make it easy for you, and we’re here to help. We encourage you to reach out to us for a consultation on your current title insurance policy and explore options to ensure that your home remains safe and protected!
The TanTeam Editorial

Office Locations
Mississauga Office:
6948 Financial Dr, Mississauga ON L5N 8J4
Georgetown Office:
324 Guelph St, Georgetown, ON L7G 4B5
Milton Office:
459 Main St E, Milton, ON L9T 1R1
Acton Office:
273 Queen St, Acton, ON L7J 1P8
Erin Office:
122 Main St, Erin, ON N3A 3E4
Caledon Office:
17228 Mississauga Rd, Belfountain, ON L7K 0E6
TanTeam News
- Affordability in Focus: GTA Home Sales Trends for November 2023December 5, 2023 - 4:38 PM
- GTA Real Estate Market Update: October 2023 InsightsNovember 13, 2023 - 4:21 PM
- Higher Borrowing Costs See Buyers Remain on HoldNovember 8, 2023 - 5:31 PM
- Toronto’s Housing Tango: Navigating Shifts, Prices, and PoliciesOctober 8, 2023 - 1:45 PM
- The TanTeam’s 2023 Q4 Real Estate Radar: Let’s Talk!September 14, 2023 - 10:52 AM
- Strong Demand, Tight Inventory, and Rising Prices: A Look into GTA Home Sales in June 2023July 6, 2023 - 10:50 AM
- GTA REALTORS® Release April 2023 StatsMay 9, 2023 - 2:28 PM
EHS
- $988,000 – Northwest Brampton – AvailableMay 2, 2023 - 12:45 PM
- $2,400 – High Park – Swansea – LeasedFebruary 15, 2023 - 8:00 AM
- $585,000 – High Park – Swansea – SOLDJanuary 16, 2022 - 9:46 AM
- $499,500 – Queen Street Corridor – Brampton – @Symphony Condos on Queen – SOLDDecember 26, 2021 - 10:13 AM
- $825,000 – Downtown Brampton – Brampton – SOLDNovember 27, 2021 - 11:05 AM
TanTeam Listings
- $599,900 – Lincoln – Niagara – AvailableNovember 26, 2023 - 1:54 PM
- $829,001 – Ajax – Central West – SoldJuly 17, 2023 - 4:03 PM
- $585,000 – Oakdale – Thorold – SoldJune 13, 2023 - 8:37 PM
- $1,299,000 – Snelgrove – Brampton – AvailableJune 13, 2023 - 4:16 PM
Contact and Business Hours
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(905) 821 3200
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(647) 615 0005
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- Holidays: Hours May Differ