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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.

Why are sales so much lower in Toronto in 2018? The challenge is getting first time buyers into the market. First time buyers are the start of the chain. They create move up buyers, and in the end, a more robust real estate market.

Dealing with multiple offers can create additional stress and paperwork, for not only the buyers, but the agents as well. Those people who are not successful have to start the search process all over again. And for the buyer who has won, they often wonder if there were other offers besides theirs. That's why with every offer today, the listing agent asks for form 801.

April Sales in Toronto were not much better than in march. New lending rules are having an impact, especially on the rental market which is on fire!

Why are small condos the hottest segment of our Toronto real estate market today? Prices are now at $1000 per sq.ft. At the same time, bigger units can be had for about $800 per sq.ft.

The new standard lease for rentals has come into effect for Ontario on April 30th. You might ask yourself, "Do I still need an agent"?

Yes, sales on the Toronto Real Estate Board for March were down 39% from March of 2017. Last month we said to: ‘get used to it for the next couple of months’.

In the first 4 months of 2017, Sellers could pick just about any agent and their property would sell. There was no need to stage the property, no need for pictures or videos, just list at any price. So, any agent would do.

For whatever the reason, some people who buy a pre-construction condo do not want to close, but instead, sell it, to another buyer as an assignment