• Remax-Condos-Plus
  • 20 November 2017

October sales on the Toronto Real Estate Board were down 26% from October of last year but were 12% higher than in September. Are we still in a sales decline or is this the first sign of a rebound?

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  • Remax-Condos-Plus
  • 01 November 2017

OSFI (The Office of the Superintendent of Financial Institutions) has implemented 3 new mortgage rule changes starting January 1, 2018

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  • Remax-Condos-Plus
  • 26 October 2017

Everyone wants to know when is the peak or the bottom of a market. That's when you sell or buy and supposedly make the most money. For years, investment companies have been touting how they can pick the top and bottom of the stock market, and no one has succeeded. This has not stopped people who think they can predict the top and the bottom of the real estate market. Twitter is full of these self-appointed experts. Here's what I do know.

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  • Remax-Condos-Plus
  • 18 October 2017

September sale results on the Toronto Real Estate Board produced mixed results. For the ‘bears’, their focus was on the decline in sales from September a year ago – down 35% to 6379 units. A normal September should have produced sales in the 8,000 range. While ‘new’ listings for the month were up by 9%, ‘active’ listings were at 19,000 units at month end which represents about a 2.5 month’s supply on an annual basis. That is certainly higher than the last year but is well within a balanced market.

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  • Remax-Condos-Plus
  • 12 October 2017

One of the worst statistics in Real is average prices. First, there is no such thing as an average house or property. Secondly, there is no such thing as an average location. Average prices also have another major problem. It assumes that the mix of sales is the same over time, and that never happens.

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  • Remax-Condos-Plus
  • 04 October 2017

The biggest concern among agents is, the Government thinking about eliminating the double-ending of sales in real estate. Double-ending occurs when the same agent lists and then sells the property to a buyer. On the surface, it seems to make sense, but in reality, it does not work.

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  • Remax-Condos-Plus
  • 29 September 2017

Since April, the hottest real estate market in Toronto has been luxury condo sales. In 2016, the highest price for a condo was 6.5 million. This year, the highest priced condo was 11 million. Did you know, sales over 1 million dollars for condos are 86% higher in 2017 than for the same period last year. In contrast, the overall market is down by 16%. So why the sudden interest?

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  • Remax-Condos-Plus
  • 19 September 2017

A lot of people seem concerned about our real estate market – especially my agents! Yes, the market has been slow since April, and yes prices have backed off in the house but not the condo market. That’s because house prices had an unsustainable run up – not just this spring but over the last three years where we had double digit price increases.

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  • Remax-Condos-Plus
  • 07 September 2017

More and more young people cannot afford or qualify to buy a home today, and it's not because of real estate prices.

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  • Remax-Condos-Plus
  • 31 August 2017

It's the first week of September which means it's a busy time for renting. Unlike past years, we now have rent controls. So how will this impact Toronto renters? This is not a panacea for Tenants, in fact, rent controls can cause a big problem for Tenants, for the short, and long term.

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