Archive | Detached homes

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Market conditions continue to favour sellers

Toronto’s housing has rebounded strongly in May 2019, with sales activity only marginally off from the month of May’s 10-year average. Prices on average are up 3.6%, which is much better than what you are seeing in the stock market. In comparison to May 2018, with sales then at a 15-year low, sales activity is […]

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Is the mortgage stress test making it worse for buyers in Toronto? Absolutely!

If you are someone considering entering the real estate market in Toronto as a first-time buyer, it’s completely understandable if you feel like you are being screwed over. You are, and let me explain why and how. Toronto (and Vancouver) housing have much been talked about ad nauseam, both on how fragile and how expensive […]

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How To Invest in Real Estate the Right Way.

It’s of no secret to anyone that knows me, that I am a huge fan and advocate for investing in real estate as a future wealth builder. My very first investment property was a joint venture with four friends, all of us chipping in a modest amount equally to cover enough for a 10% down […]

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TREB still arguing “OFSI Stress Test” impacting market

As we head into the normally crazy active spring market in Toronto, the Toronto Real Estate Board recently sent out notice to its members through its April Market stats newsletter, giving perspective to why sales activity is down about one percent from March 2018. “The OSFI stress test continues to impact home buyers’ ability to […]

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Are Zillow and Redfin Agent Killers?

It’s March 2019, and what an exciting time to be transacting in real estate, either as a consumer in the buying or selling of property, or for those who represent and help consumers on the sales side. A great real estate professional will add value to both buyer and seller clients alike, assisting them with […]

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Sellers, Who exactly is preparing the market evaluation on your Home?

A few days ago I was in discussion with a cooperating agent on a property listing I have for sale. I was answering for him a few questions about the property that weren’t noted on the MLS listing, but were important to his client in nature. After the questions were answered our conversation turned to […]

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TREB releases February numbers and

Today the Toronto Real Estate Board released its sales figures for the month of February and as I’ve written about over these past six weeks, it’s been busy. And this month is no exception. Prices are edging up for both houses and condominiums where demand continues to be strong throughout the city. Inventory levels continue […]

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Sellers – Do you know that you need to sell your home three times?

If you are one of the lucky few who are selling a property these days, be prepared for the potential for some hiccups along the way until closing day. Now before any anxiety starts to set in, I will note that almost always, hiccups can happen along the way between the day you have excitedly […]

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Buying or Selling soon? This is a must read.

2018 is on pace to go down as the lowest amount of property sale transactions (annual total) since the recession year of 2008. What does this mean? Year-to-date we have had a total of 53,634 sales through the Toronto Real Estate Boards MLS system. If the final 4 months of 2018 match the final 4 […]

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Some Positive Housing Numbers in June

The Toronto Real Estate Board has released the month of June sales figures and at first glance, it’s pretty positive looking. Sales prices are up 2% over June 2017, and more importantly up 3.3% over May 2018. New listings tailed off slightly at 18% but overall inventory increased slightly. Sales activity and average prices were […]

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