Buyers And Bidding Wars: How To Come Out The Winner!

By: Lisa Rennie -Toronto Storeys

Buyers And Bidding Wars: How To Come Out The Winner!

Tags: Bidding wars, Homebuyers, Tips for Buyers, Tips For Home Buyers

Toronto’s housing market may have slowed down somewhat recently compared to how sizzling hot it’s been over the past few years, but it’s still a relatively hot market today. And bidding wars continue to run rampant in many neighbourhoods in Toronto, getting buyers caught up in a sometimes nasty war between other fierce competitors vying for the same property. In fact, many buyer...Read More

Toronto’s Stigmatized Housing: Would You Buy a Home Someone Died In?

By: by Nicola Brown (Toronto Storeys)

Toronto’s Stigmatized Housing: Would You Buy a Home Someone Died In?

Tags: Toronto Real Estate, Stigmatized Homes, Toronto Storeys

Remember that famous creepy house that went on sale in 2017? The severely run-down two-storey row house in Toronto’s highly coveted Trinity-Bellwoods neighbourhood sat on the market for over 100 days, eventually selling $74,000 under asking at $675,000.Social media, of course, didn’t spare the poor house from escalating conjecture about its past. The house quickly acquired a very publi...Read More

Homeownership trend: buying with a friend

By: INVIS - Canada's Mortgage Experts

Homeownership trend: buying with a friend

Tags: Mortgages, Buying a Home, Toronto real estate, Investing

An interesting new homebuying trend emerging among millennials is home purchases that are completed with a friend. It's a creative solution to the housing market given tough qualifying rules and high prices. Pooling your resources is a great way to take you from the fringes of homeownership to landing what you really want and getting a start on wealth building. Here are a few of the things yo...Read More

Ask An Agent: How Do You Know How Long To Keep A Home Listed?

By: Aaron Broverman (Toronto Storeys)

Ask An Agent: How Do You Know How Long To Keep A Home Listed?

Tags: Listing your home, home for sale, finding the right agent, home on the market, Toronto Real Estate

If you’ve read the bestselling book Freakonomics, you’d know one passage says that on average, real estate agents get three percent more money for their own home than they do for their clients’ homes. It concludes this way: “When she sells her own house, an agent holds out for the best offer; when she sells yours, she encourages you to take the first decent offer that come...Read More

7 Tips To Help You Choose The Right Real Estate Agent

By: Source: TORONTO STOREYS

7 Tips To Help You Choose The Right Real Estate Agent

Tags: Real estate Agents, Real Estate, Toronto Real Estate, Pick The Right Real Estate Agent, Choose The Right Realtor

Buying or selling real estate is one of the biggest transactions you will ever make in your life, so arming yourself with the very best person to assist you is essential. Often, people select a real estate agent based on a recommendation from a friend or family member. This isn’t wrong, and it certainly isn’t a bad place to start, but you should also do a bit of your own due diligenc...Read More

Is the Toronto real estate market poised for a spring rebound?

By: Carolyn Ireland - The Globe and Mail

Is the Toronto real estate market poised for a spring rebound?

Tags: Toronto Real Estate, Spring Market, Real Estate Rebound

Sales in the Greater Toronto Area housing market have sagged so far in 2018 but some market watchers are optimistic that a spring rebound is coming. The most recent numbers from the Toronto Real Estate Board look grim compared with the euphoria that swept through the market in early 2017, says Cameron Forbes, general manager of ReMax Realtron Realty Inc. “We really had an artificial market ...Read More

NO BANK OF CANADA RATE CHANGE TODAY!

By: BRIAN C. MAYER

NO BANK OF CANADA RATE CHANGE TODAY!

Tags: Bank of Canada, Interest rates, mortgages, mortgage rates

The Bank of Canada announced today that it is holding the overnight rate given the growing uncertainty in trade talks affecting Canadian and global outlooks. The Bank noted  that “while the economic outlook is expected to warrant higher interest rates over time, some continued monetary policy accommodation will likely be needed to keep the economy operating close to potential and infla...Read More

Will buying real estate with Bitcoin catch on?

By: By Neil Sharma (Canadian Real Estate Wealth)

Will buying real estate with Bitcoin catch on?

Tags: Bitcoin, Bitcoin and real estate, Toronto Real Estate

An offer on a Mississauga condo using Bitcoin as currency was accepted this week—a first in Canada—but as the cryptocurrency surges in popularity, will transactions of this kind catch on? The seller, Derryn Shrosbree, an erstwhile derivative trader on Wallet Street, listed his two-bedroom condo for 35 Bitcoin and sold it for the equivalent of $445,000, and as he told the CBC, he belie...Read More

MULTIPLE REPRESENTATION: who's working for WHO?

By: BRIAN C. MAYER

MULTIPLE REPRESENTATION: who's working for WHO?

Tags: multiple representation, pre-emptive offers, bully offers, bidding wars, Unethical practices in real estate, RECO, toronto real estate

So, you are buying a home where the listing salesperson is from the same brokerage as your agent. Or you are a seller selling your home and your agent has his own buyer. Should you be concerned? I decided to write this blog as I found myself in this exact same situation during my last listing; where I, the listing agent was in a position to represent both my sellers and my own buyer at the negoti...Read More

Toronto condo selling prices exhibiting consistent growth!

By: Canadian Real Estate Wealth - Jan 29, 2018

Toronto condo selling prices exhibiting consistent growth!

Tags: Toronto real estate, condos, toronto condos, resale condos, condominiums

In its latest data release, the Toronto Real Estate Board stated that the average selling price for condominium apartments went up by 17.9% on a year-over-year basis in the fourth quarter of 2017, up to $515,816. “While this annual rate of growth was down from earlier in 2017, the condominium apartment segment was still the leader in terms of price growth in the second half of the year,&rdq...Read More