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

Yes! Condo renos make a HUGE difference!

By: BRIAN C. MAYER

Yes! Condo renos make a HUGE difference!

Tags: Renovations, Condos, Condo renovations, design, home renovations

Torontonians have been loving condos I’d say at least since the mid-80s, but these days, there is more demand than ever. With the value of condos on the rise, it is normal to see owners trying to get the most out of their condo unit and just like houses, one of the best ways to increase the value of your property is through renovations. I recently sold a renovated condo in an older building ...Read More

NEW MORTGAGE 'STRESS TEST': The final nail in the coffin?

By: BRIAN C. MAYER

NEW MORTGAGE 'STRESS TEST': The final nail in the coffin?

Tags: Mortgage Rules, Stress test, Mortgages, Move-up buyers, first-time homebuyers, Mortgage Professionals, Superintendent of Financial Institutions, bank of canada

Canada’s banking regulator introduced new rules on Tuesday that extends the requirement for a mortgage – a.k.a  ‘stress test’ –  (even for uninsured mortgages, which have down payments of 20 per cent or more) to all homebuyers. The guidelines will take effect  January. 1, 2018 and apply to new mortgages as well as mortgage renewal applications if borro...Read More

Real Estate Signs: Can You Spot an Up-and-Coming Neighbourhood?

By: Source: GeoWarehouse

Real Estate Signs: Can You Spot an Up-and-Coming Neighbourhood?

Tags: Up-and-Coming Neighbourhoods, Toronto real estate, Vancouver real estate

If real estate signs are any indication, Toronto and Vancouver continue to be two of Canada’s hottest real estate markets. According to recent reports from the Teranet-National Bank House Price Index, home prices have risen steadily over the past few months, with the biggest 12-month rises ever for Toronto and Hamilton. According to a recent Financial Post, Vancouver went up for the first ti...Read More

BANK OF CANADA TAKES ACTION: for the second time this year.

By: (Source: Dominion Lending Centres)

BANK OF CANADA TAKES ACTION: for the second time this year.

Tags: BAnk of canada, interest rates, mortgage rates, TArget overnight rates

The Bank of Canada has done it again!  The Bank of Canada raised the target overnight rate another 25 basis points to 1.0% making it two hikes in a row following seven years of increasing monetary stimulus. The outsized 4.5% growth in GDP in the second quarter precipitated this action, despite two offsetting factors: the recent surge in the Canadian dollar, up more than 8% in the past three ...Read More

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