• Remax-Condos-Plus
  • 27 February 2017

Today's market is dominated with multiple offer sales. Many people have to make 6-8 offers to finally land that property. So, how do you compete and win in this market. Here are 5 easy steps to follow. 1.Market Analysis First, realize that many properties are under priced to attract multiple offers. You should first do a market analysis to determine the market price of the property. 2. No Conditions Secondly, you need to go in with no conditions. Get a home inspection or status certificate ahead of time. Make sure you have financing for the price you want to pay. 3. Big Deposit Come in with a big deposit. The norm is 5% so come with 10%. 4. Save Some for Round Two Usually there will be two rounds of bidding. Save something for the second round. 5. Pick a Maximum Number Pick a maximum number you will pay for ... Read More

Read More


  • Remax-Condos-Plus
  • 22 February 2017

The Toronto Real Estate Board no longer publishes mid-month sales numbers hence we are forced to guess the market going forward, based only on January results.

Read More


  • Remax-Condos-Plus
  • 10 February 2017

The Assignment market for condos is making a big come back. There are two reasons for this: First, there is a lack of resale condos to buy, forcing many people to look at the assignment market. Secondly, with tougher mortgage qualifications, many investors who bought pre-construction condos 3 to 4 years ago may not be able to close and will want to sell. While the opportunities are great and you can probably avoid the multiple offer scenario, the market is hard to track. Assignments are not usually found on MLS but are exclusive and the contracts can be difficult. Assignments are not really selling a property, it may look like that, but really it's just selling the paper. The paper is, the right to buy an option to close on a sale with a developer made 3 or 4 years earlier.

Read More