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Summary of Rental Market in 2nd Quarter: – 4,771 leased condominium apartments through TorontoMLS in Q2 2012 – up 3% from Q2 2011 – Number of apartments listed for rent grew faster than rental transactions – up 15% – Average 2-bedroom apartment rent was $2,088 – up 4% in comparison to Q2 2011 According to Ann Hannah, President of TREB: …

Following is a summary of the monthly resale market statistics for the month of June 2012 as reported by Toronto Real Estate Board: 9,422 home sales through MLS in June 2012 Transactions down 5.4% in comparison to June 2011 Largest decline was in the City of Toronto – sales down 13% compared to June 2011 Average selling price was $508,622 …

Habitat for Humanity Toronto has constructed more than 225 affordable homes, and has set a goal to build 50 new homes each year by 2015. Click here to find out how the REALTORS Care Foundation, helped one Toronto family’s dream come true. This is TREB’s fourth Habitat for Humanity title sponsorship, with Greater Toronto REALTORS® since having sponsored a fifth …

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 …

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Apartment valuations set to keep climbing in Ontario: report By Garry Marr, Vancouver Sun – May 23, 2012 Valuations for apartment buildings reached record levels last year and the forecast for 2012 is for the trend to continue, according to a new report on the sector which focuses on Ontario. The Rock Apartment Report Ontario notes the capitalization rate — …

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 …

List to last OR Listings are the gift of real estate Gods! I first heard this saying when I was starting out in this business in the late 90’s and never really understood what it meant.  This is the time when the real estate market was going through a lot of change including the advent of Buyer Representations.  As a …