Archive | Detached homes

14 November 2017 ~ 0 Comments

Market Update: Good, Bad and some Ugly

With annual average price gains up 8.25% in October 2017 over the same month last year, the 416 area of Toronto continues to be on fire with healthy increases in value. But if we dig down and take a closer look into the numbers, a different story starts to appear. Detached values are actually off […]

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18 September 2017 ~ 0 Comments

Sellers you should never let your agent “double end” your sale

NOTE: I originally published this in May 2014. With recent talk of Mandatory Designated Representation being potentially introduced to the Ontario Real Estate industry, below is an example by me on why we need this in the Toronto marketplace. A few weeks back an extreme example of a multiple bid scenario played out on a […]

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03 August 2017 ~ 0 Comments

Sales down 40% in July

To anyone who follows Toronto’s real estate market, it will come as no surprise that sales transactions are down when tracked over the comparable month of July’s sales last year. Down by a whopping 40% on the other hand, can lead one to wonder if Toronto’s sizzling hot real estate market is starting to crumble! […]

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22 June 2017 ~ 0 Comments

What The Heck Happened to Toronto’s Hot Real Estate Market?

You may have heard that in the month of May, sales activity across the GTA was down. This is true. When compared to year-over-year sales comparisons in which the Toronto Real Estate Board utilizes, sales are down a staggering 20% from those recorded in May 2016. Wait! Wasn’t May 2016 the busiest year ever for […]

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18 May 2017 ~ 0 Comments

Is Toronto’s Real Estate Market in Trouble?

Finally, it looks like Toronto’s red-hot real estate market seems to have subsided. Or has it? Much of the news of late has spoken to the “cooling” of Toronto’s housing market, which on the surface seems to be the case. In April, the Toronto Real Estate Board started to see a surge in new listings […]

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24 April 2017 ~ 0 Comments

What should we expect with the Liberal governments housing plan?

The provincial government has announced a 16 point plan intended to improve housing affordability, including a Non-Resident Speculations Tax, and a commitment to review the Real Estate and Business Brokers Act, 2002. So what should we expect the impact will be on our current hot housing market? I don’t see much of anything changing with regards […]

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11 February 2017 ~ 0 Comments

Spring has come early and sellers are doing very well!

The Toronto real estate market is on fire as of late, and properties that have come early to the market are reaping very big rewards! Detached homes continue to be in very high demand everywhere, and semi-detached and townhomes in the trendier parts of Toronto, multiple offers are the norm and will continue to be […]

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31 January 2017 ~ 0 Comments

TREB predicts 10%-16% increase in house values for 2017

The Toronto Real Estate Board released today their forecast for the GTA housing market for 2017. Much to the shock and awe of many, they are predicting an increase in house prices between 10%-16% over 2016 prices, mainly due to the constriction of supply. Activity is also forecasted to stay the same as the past […]

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16 January 2017 ~ 0 Comments

Toronto City Council says “raise the land transfer tax cost”

#AnotherObstacle It looks like Toronto City Council is at it again! Thinking that purchasers of real estate in Toronto’s neighbourhoods are flush with cash, they look to make sweeping changes to the Toronto Land Transfer tax program. For anyone who has purchased a property in Toronto since February 1st, 2008, you are well aware of […]

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16 January 2017 ~ 0 Comments

Tips to protect your home and property: IBC

The Insurance Bureau of Canada (IBC) reminds Ontarians to review their home insurance policies, update their home inventories and take steps to protect their personal property. “Reviewing and updating your home inventory list helps protect your personal property and can speed up the claims process in the event of a theft or loss,” says Kim […]

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