• 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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