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Can you generate big returns from buying Pre-construction Condos? Yes, but you need to follow these three simple rules.

July sales on the Toronto Real Estate Board produced mixed signals. Sales at 6900+ units are 18% higher than July of last year. However, this is 13% lower than from June (not unexpected) but the normal average for July is 9,000 units.

Amendments to offers are a crucial part of the bargaining process. Many agents attempt to use an amendment as a substitute for waiving a condition, usually in favour of the buyer

One of the most misunderstood issues in real estate is the deposit. The primary problem is our own real estate forms.

he biggest problems in real estate today seem to center around leasing. That's because Landlords and Tenants forget, or don't know the role of the real estate agent.

Living and owning in downtown Toronto has its challenges. Prices are high. Bank of Canada Governor Poloz did not help matters recently by telling millennials to just buy a cheaper house. If they cannot afford 400 sq.ft. downtown, how much smaller do you think these people should go Mr. Poloz?

Sales on the Toronto Real Estate Board were 8,082 units in June. That was up 2.4% over June of last year (the first time this year) and more importantly up 4.3% from May. Remember we were expecting sales to be lower in June. The market turned upward again in the last 10 days of June. At the same time, ‘new’ listings in June were 19% lower than for June of last year and ‘active’ listings are now only 6% higher than a year ago at this time.

First buy your principle residence as soon as you can. Selling your principle residence is the only tax-free investment you can ever make in this country. But, if you buy an RRSP, lets say $10,000 a year for 30 years at 5%, will get you $725,000. Which translates to a pension of $36,000 a year, and you pay tax on that, and you start to get this money in 30 years.

Real Estate is not a short term investment. That's where investors lose money. Real Estate is a long term investment, over 5 years. If you go shorter, you're just gambling. So, here are my 3 simple rules.

Sales on the Toronto Real Estate Board were 7800+ units in May. In our last Report, we were forecasting 8900 units. So where did we go wrong? In a normal year, May and June are usually the largest sale months of the year and that was our expectation.