I have just listed a lovely home at 73 Methuen Ave. Great house! Check out 73methuen.com

I also have a great little starter home at 701 Willard Ave. only $419,000. Great price for getting into a great  neighbourhood.

Beginning March 18th, buyers will no longer be able to amortize their mortgages over 35 years. The maximum will now be 30 years. This is in response to concerns that Canadians are getting too deeply in debt and could run in to trouble if something unexpected happens (i.e. job loss,  rate hike, etc). My main concern with the longer amortizations has been the huge amount of additional interest  on their mortgages that buyers pay over the length of their mortgage. Shorter amortizations will mean higher monthly payments or lower mortgage qualification limits for buyers, but considering mortgage rates continue to be very low, it remains a great time to get into the market.

The fall real estate market has been quite busy in the Bloor West Village/High Park/Baby Point and Etobicoke areas. The number of sales has fallen for the month of October compared to last year, but prices are up 5%. We are still experiencing bidding wars on well priced homes, although those homes have to be priced competitively (under market value) in order to bring in the multiple bids.