Toronto real estate board posted it’s monthly statistics (attached) for real estate transactions for the month of September on October 3, 2012 and it’s in line with what we saw in August 2012 with number of transactions lower and prices keep climbing. We also saw the same stats repeated in new construction for August 2012 where the number of transactions …

I remember when ordering status certificates used to be simple.  You would make a phone call to the property manager who would ask you to come by in seven days and bring a check with you to pay for the estoppel certificate.  The process was further modified with a paper trail where you had to fill out a piece of …

We recently had a member alert issued by the Toronto Real Estate Board about an unauthorized entry into a Toronto house for sale by an individual who had the lock box code to the house but no appointment. The seller was at his Toronto home at time of incident and asked the stranger about their appointment which wasn’t confirmed. He …

If you follow this blog, you know that I’m not a big fan of investing in pre-construction condos. I think of pre-construction condo investment now a days as a speculative investing. Long gone are the days when developers and builders had to price homes and condos below market value to entice buyers to purchase into their projects and if projects …

It’s hardly a surprise that the government decided to step in and make changes to the way unconventional mortgages are insured.  I had spoken about the three causes that will cause the market to slow down before and this is the first of the three that we see. You can find the details of the changes coming through here.  Here’s …

I had an interesting conversation with a client this week! My client, Mr. Seller, who has his property listed right now didn’t want to change the price of their property.  I went over the details and explained that the price we are asking is getting attention but we aren’t getting any buyers through the place.  Let me explain! As part …

June 5, 2012 — Greater Toronto REALTORS® reported 10,850 transactions through the TorontoMLS system in May 2012 – an 11 per cent increase over the 9,766 sales in May 2011. Sales growth was strongest in the ‘905’ regions surrounding the City of Toronto. “Sales growth in the ‘905’ area code was stronger than growth in the City of Toronto across all …

If you have ever sold a home or are thinking of selling one, you will be presented with an exclusive right-to-sell agreement as that’s the most commonly seen in our industry. There are two other options available that you can consider and the complexity of your sale dictates which one his used. Exclusive Right-to-sell listing This is the most common …

Following are a few thoughts that I had shared on an online forum and thought I share it with you too. Recent stats I saw regarding condos show that there is a vacancy rate of less than 1% for downtown condos. I’ve personally listed new condos in downtown and been bombarded by Renters who want to rent the condo instead …

Feedback matters when selling your home! I have a rigorous process in our office of following up with all the agents that have shown our seller’s property to collect feedback and submit it to the seller on weekly basis.  We start our process by emailing the agent three hours after the showing has been completed through automated means.  This doesn’t …