Greater Toronto Area (GTA) REALTORS® reported 10,182 sales through the TorontoMLS system in May 2013, representing a dip of 3.4 per cent compared to May 2012. Sales of single-detached homes in the GTA were up by almost one per cent compared to the same period last year, including a three per cent year-over-year increase in the City of Toronto. “The …

I’m Addy Saeed with Re/max Active Realty in Mississauga and I’m pleased to announce that I’ve been nominated to run as Councilor for Toronto Real Estate Board’s Commercial Division for the year 2013/2014. Let me tell you a bit about myself. I have an educational background in Business and Information systems and have worked for companies such as Siemens and …

On Tuesday, the TorontoMLS posted a news release stating the Competition Tribunal has dismissed the case against the Toronto Real Estate Board.  It’s reported that the Competition Bureau has lost due to a technicality, that the complaint filed back in May of 2011 should have been filed under a different section of the Competition Act. Since it had been an …

Here’s another great six unit apartment building for sale in Mississauga that I’ve found today! I haven’t posted a Mississauga apartment building for sale in a while.  The last one I posted had generated so many inquiries that I couldn’t keep up.  This one won’t be any different! The property is located in Port Credit and is fully occupied.  There …

Last Tuesday, Statistics Canada released the rates and values of approved building permits nation-wide for February, 2013. Around this time, analysts also discussed the state of the Canadian housing market in March, suggesting that the country is currently in a state of cooling. Following the recession a few years back, Canada was a global leader in real estate growth. It …

Another sixplex for sale and this is worth the drive to Acton We have listed another multi-residential property! This property is in Acton Ontario and has six units in it. The asking price on the property is $589,800 which represents a cap rate of 7.65% based on actual numbers that I’ve compiled from the 2012 bills and current leases. This …

I just got the nod from one of client to list their fourplex for sale in Cabbagetown Toronto. The property is currently generating $51,143 in Net Operating Income and is priced at a cap rate of 5% for $1,050,000.  This property isn’t listed in the market yet so this is not available to the general public.  We aren’t even cooperating …

March 18, 2013 — Greater Toronto Area REALTORS® reported 3,594 transactions through the TorontoMLS system during the first 14 days of March 2013 – down 11.5 per cent compared to the same period last year.  The number of new listings was up by less than two per cent. “With sales down and listings up slightly, the GTA market was better supplied in the first …

The interest rates have been low and the banks are looking for ways to increase their share and make more money but I was disturbed by the announcement by Finance Minister asking the banks not to get into a rate fight. While I understand why the Finance minister is asking for the banks not to get into rate wars, I …

The Bay Street motel was a bit of a legend in its heyday. A filthy, scary, shameful legend. Named the second dirtiest hotel in Canada by TripAdvisor in 2009, I actually let my masochistic side take over a few years back and decided to saunter over with a roommate to “inquire” about a room. Needless to say, the subsequent feeling …