Archive for the 'Selling in Toronto' Category
Toronto Real Estate Board: February Housing Market Charts
March 4th, 2010 categories: Buying in Toronto, Real Estate, Selling in Toronto, Toronto
Here are the latest Housing Market Charts from the Toronto Real Estate Board. Seems that the lack of product has been forcing the prices to rise…
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Greater Toronto Area REALTORS® Report Mid-February Figures
February 18th, 2010 categories: Around TORONTO, Buying in Toronto, Selling in Toronto, Toronto
TORONTO, February 18, 2010 — Greater Toronto REALTORS reported 3,555 sales through the Multiple Listing Service during the first two weeks of February. This represented a 74 per cent increase compared to the 2,044 sales recorded during the same period in 2009 when resale transactions had dipped due to the recession. The February mid-month sales total was also 7.7 per cent above the previous high set in 2006.
“Home ownership demand remains strong in the GTA, as households remain confident that economic recovery is at hand and that ownership housing will continue to be a quality long-term investment,” said Toronto Real Estate Board President Tom Lebour . Read the rest of this entry »
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My Thoughts on The Competition Bureau and The Canadian Real Estate Association
February 16th, 2010 categories: Listings, Real Estate, Selling in Toronto
Please notes that my thoughts are personal only and are not in any way those of Bosley Real Estate Ltd .(who hold my license) or The Toronto Real Estate Board (I am a Director-at-Large). I love my business, am engaged in it 7 days a week, 12 to 15 hours a day and would not want to do anything else however:
There is a lot of discussion going on led by the Competition Bureau and forces that want to “open up” the MLS and the Real Estate industry. Along with that discussion comes a lot of vitriol and misinformation about what it is that REALTORS do. We seem to have become the target for some who are not being totally clear about their agenda and who jump on sound bite after sound bite. If there is to be a discussion then it should be an honest one. Read the rest of this entry »
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Toronto Real Estate Board Releases Housing Market Graphs for December 2009
January 7th, 2010 categories: Buying in Toronto, Economy, Listings, Real Estate, Selling in Toronto
The Toronto Real Estate Board has released it’s most recent Housing Market Graphs. Of note, is the last page which notes that over the past couple of years, affordability has increased in the Greater Toronto Area. This would account to the strong market we have been having despite the world-wide economic downturn. I always find these housing charts a great read as they compare the last three years and help to add some perspective that month by month statistics cannot.
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Real Estate: Downsizing with Style and Grace: Part Three
January 4th, 2010 categories: Buying in Toronto, Downsizing, Downtown Toronto, Lifestyle, Real Estate, Selling in Toronto
The Reality of “Rightsizing”
There are times when “Downsizing or Rightsizing” becomes a must and not an option. Sadly, the topic is often controversial with the person needing to “Rightsize”. The process means a lack of independence, and many will fight any suggestion to move to a more accommodating living space.
We live in a City where there are very few spaces, other than apartments, that can allow one to live on one floor. Bungalows only exist in certain areas and those are still mostly accessible by climbing stairs. Staying in your home also means having to maintain gardens, snow removal, and routine maintenance. Read the rest of this entry »
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Toronto Real Estate: A Home Inspection Story Part 4
December 30th, 2009 categories: Around TORONTO, Buying in Toronto, Real Estate, Selling in Toronto, Toronto
Years ago a consumer bought one of my listings, and after living there for 10 years and having children, he decided to finish the basement as a bedroom and playroom for his children. A few years later he decided to sell it and a pre-listing inspection was done and then the new buyer decided to do another one as part of the Purchase. After the sale was completed it was found that there was dampness in the basement and the Buyer felt that the Seller had known. Read the rest of this entry »
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Toronto Real Estate: Home Inspections Part 3
December 30th, 2009 categories: Buying in Toronto, Real Estate, Selling in Toronto, Toronto
Issues that arise during the Home Inspection.
Over the years I have seen many issues that arise during a Home Inspection. They usually fall under three main categories;
Did the Seller know there was a problem but chose not to disclose it?
When there is no disclosure by the Seller of something that the Seller is aware of and the Buyer and their Realtor find out, there is an obvious lack of trust that occurs. The deal is tainted and even if both parties have the same goal, it is hard to come to a consensus. With as much due diligence is possible, I would counsel my Buyer clients to “make sure that at the end of the day, they are getting what they were expecting should they choose to move ahead”… Read the rest of this entry »
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Toronto Real Estate: The Reality of Home Inspections Part 2
December 29th, 2009 categories: Buying in Toronto, Downtown Toronto, Real Estate, Selling in Toronto, Toronto
After the Home Inspection
The home inspector will give you a “blow-by-blow” of what they feel needs to done on the house…many times when I visit clients 3 or 4 years later, none have been done. Not good, if you are planning on selling…however it does point to the urgency of some of the suggestions from the Home Inspector.
The reality is that house problems do not get better on their own. You house will not heal itself and a lot of times when left alone the final bill will only get larger. If you are selling at any point 95% of buyers if not more will insist on a Home Inspection and I doubt that what was an issue when you bought would have evaporated. Read the rest of this entry »
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Toronto Real Estate: The Reality of Home Inspections Part 1
December 29th, 2009 categories: Buying in Toronto, Listings, Real Estate, Selling in Toronto, Toronto
After years of attending Home Inspections, some of them my own, I have learned a few lessons that I thought would be good to share with you:
No Home Inspection is perfect:
Even if you were to buy a brand new Home today, the Home Inspector would find some issues that need to be dealt with. That is their job.
Manage your expectations:
In reality, Houses are ongoing projects, costly and full of surprises. The job of the Home Inspector is to minimize some of those surprises and to educate you in helping to recognize issues where they may be or may appear. Read the rest of this entry »
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The Problem with REALTORS.
December 23rd, 2009 categories: Business, Lifestyle, Real Estate, Selling in Toronto
Before I even “go there“…let me first say that I am speaking totally on my own behalf and not in any of the positions that I hold in organized Real Estate. This is just some of my ramblings that come in go in my mind and need a Blog outlet, so please bear with me.
I began in the business 30 years ago and when I say “the business” I am referring to Real Estate or any other service industry. We had all been trained to strive to be the best in our field. Success equates to the sale of property, a satisfied Buyer, Seller or both. Read the rest of this entry »
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