Toronto Realty Blog

OCTOBER 23, 2023

In fact, the downtown condo rental pool is primarily comprised of individual investors, many of whom are exiting the space because they can’t wait twelve months for hearings at the LTB for their tenants who aren’t paying rent, or who aren’t allowed to sell their condos because the tenants refuse to move out.

Residential 87

Residential Commercial Bankruptcy As-is 87

Toronto Realty Blog

SEPTEMBER 9, 2021

In Tuesday’s blog post, we looked at three burning questions: 1) How will the federal election shape the future of the housing market? Let’s take a look: Ah, okay, so sales were only 8,596 this past month? Oh, alas, it does this: Yeah, that’s just an all-time high SNLR in the month of August, no biggie.

Sales 68

Sales Marketing As-is Investor 68

Toronto Realty Blog

DECEMBER 7, 2020

This past month we saw a modest decline in the average home price as follows: Recall that the “peak” in April of 2017 was just over $920,000. drop month-over-month, it’s still significantly higher than the pre-pandemic “peak.” And what should we expect in the month of November?

Sales 80

Sales Marketing As-is Land 80

Toronto Realty Blog

NOVEMBER 20, 2020

on a month-over-month (m-o-m) basis in October. The MLS® Home Price Index (HPI) rose 1% m-o-m and was up 10.9% Among the larger markets, activity was up on the month in Montreal, the Fraser Valley, Calgary and Edmonton. It was a new record for that month by a margin of more than 14,000 transactions.

MLS 73

MLS Sales Marketing As-is 73

Toronto Realty Blog

OCTOBER 20, 2021

Regardless, if the government is going to provide something new for “free,” that means it has two options on how to go about doing so: 1) Increase revenue. I noted in a CTV Your Morning interview last month that about 35% of the cost of a new condo is taxation. 2) Decrease expenditures. Take a $750,000 condo in Toronto.

Marketing 96

Marketing Construction Land As-is 96

Toronto Realty Blog

APRIL 23, 2021

Many of you may choose Bananarama’s cover of Dutch rock band, Shocking Blue ‘s song “Venus” as your favourite song by Bananarama, and although it peaked at #1 on U.S. And more now than ever, after thirteen months in a pandemic, we deserve a kind, merciful summer. The hook was epic, I have to say. 2,975 sales.

Title 68

Title Sales As-is Marketing 68

Toronto Realty Blog

AUGUST 21, 2023

Three months pass, and the the closing date is here! Then a month. on October 11th, 2016, and this transaction was scheduled to close in November 9th, 2018. Then a month. appeared first on Toronto Realty Blog. Unfortunately, the buyer is unable or unwilling to close. A week passes, then another. The buyer reneged.

Purchase and sale agreement 77

Purchase and sale agreement Finance Closing Brokerage 77

Toronto Realty Blog

NOVEMBER 26, 2021

” But if you recall my blog post, I didn’t take issue with the fact that the Toronto Star seems to believe that Realtors shouldn’t be allowed to invest in real estate, but rather that they’re seeking to blame Realtors, at least in part, for increasing the price of real estate, instead of investigating actual causes.

Investor 87

Investor Banks Development Construction 87

Lab Coat Agents

DECEMBER 31, 2020

Originally Featured On The Follow Up Boss Blog. Start a blog. We were converting around 1/3 receptionist call-ins in the past. I have had the best month in my four year real estate career so far in October. The Seeby Group’s review strategy resulted in 100 transactions in 2016, and countless free leads.

Agents 98

Agents As-is Marketing Sales 98

Afford Anything

NOVEMBER 24, 2020

I’m a public employee in Alaska and while I love my job, I can only save a few hundred dollars every month towards real estate. Anonymous “Amy” asks (at 49:27 minutes): My husband and I are 32 years old and live in Austin, TX, where we purchased our first home in 2016. I have $78,000 saved and I’m torn on how to use it.

Banks 67

Banks Mortgages As-is Development 67

Toronto Realty Blog

JANUARY 21, 2022

This was a 1-bed, 1-bath, no parking, no locker, $400/month fees which include zero utilities, and it was barely 500 square feet. Seven is my favourite number, so here we go… Option #1: Winnipeg. The post Spending “Toronto Money” Across Canada appeared first on Toronto Realty Blog. Sound good?

Equity 94

Equity Construction MLS As-is 94

Toronto Realty Blog

NOVEMBER 8, 2021

But for myself, my wife, and my 5-year-old and 20-month-old, the experience was beautiful! We came home to find the bowl was only half-empty, and I would hazard a guess that 95% of kids took 1-2 chocolate bars and happily scurried away. ” Have you ever seen a 20-month-old child run, full-speed, downhill?

Sales 91

Sales MLS Marketing As-is 91

Toronto Realty Blog

MAY 31, 2023

TorontoRealtyBlog Back in 2016, I sold an investment property to a young man who was, potentially, going to be rich one day. per month mortgage fee there’s principal and there’s interest. It’s because 2016 was the last year that I was selling condos that were cash flow positive with a 20% down payment.

Fixed-rate mortgage 14

Fixed-rate mortgage Principal Investor Mortgages 14

HomeLight

OCTOBER 20, 2020

The former was the case for Nancy Sanborn , a real estate agent in the LA area with nearly 40 years of experience, when she got hired to sell what she thought was a regular old probate listing in a wealthy LA neighborhood in 2016. 101 (2016). Code sections 57-1-37, and 57-1-1. million between April and June 2016.

Marketing 109

Marketing Agents As-is Probate sale 109

Toronto Realty Blog

NOVEMBER 4, 2020

I was called in to price a King West condo this week, and has been the theme here on TRB over the last two months, the data that I provided to the sellers did not line up with their expectations. The condo was a 1-bed, 1-bath, 690 square feet, with the highest ever recorded sale for this model at $700,000.

Sales 54

Sales As-is Marketing Agents 54

Toronto Realty Blog

DECEMBER 19, 2023

It’s just really, really hard to describe an entire year’s blog posts or an entire year’s real estate stories in a standard blog-post length. This is likely more subjective than the top five blog posts , but then again, we run into many of the same themes over and over.

Pre-approval 83

Pre-approval Construction Development Agents 83

Toronto Realty Blog

MARCH 1, 2023

As you’ll see in today’s blog, many of the reasons for cancelations are often rooted in the same problems that caused delays, but some are extensions, and some are completely different reasons altogether. After a month of carrying units unsold, with few showings and zero interest, they decided to raise their prices.

Construction 72

Construction Bankruptcy Pre-approval Purchase and sale agreement 72

Toronto Realty Blog

DECEMBER 14, 2022

I hope you enjoyed that “trip down memory lane,” as Marina so eloquently put it, with the Top Five Blog Posts of 2022 in Monday’s post. Believe it or not, this is the eighth year I’ve been working with this format; the top five blogs followed by the top five posts. 1) The Pandemic.

Development 81

Development Purchase and sale agreement As-is Marketing 81

Toronto Realty Blog

OCTOBER 9, 2020

I won’t lie to you; I definitely considered using yet another diving photo for today’s blog, but nothing quite beats Wednesday’s photo which captures the essence of how I feel, every single day, working in this market. So ignoring that 54% outlier, we see a continuous string from 2016: 61%, 59%, 62%, and 63%.

Marketing 65

Marketing As-is Sales 65

Toronto Realty Blog

JUNE 7, 2021

Would you read some random real estate agent’s biased blog? “Leafs play awful, miserable game,” followed by “Toronto beats Winnipeg 10-1.” This is less than March and April, which were the #1 and #2 months for sales in the history of TRREB. Where would go turn to? It makes no sense.

Sales 96

Sales Marketing As-is Agents 96

Toronto Realty Blog

DECEMBER 15, 2021

Growing from age one to age two represents a fifty percent increase in their time on earth, but it’s merely another twelve months for you. The story broke in the media and later that day, I ran by and watched workers continue to work even though the project was apparently being canceled… 2016: Foreign ownership.

As-is 96

As-is Marketing Title Agents 96

Toronto Realty Blog

DECEMBER 12, 2022

But I had a lot of fun here on Toronto Realty Blog as I always do, and I had even more fun sitting down to go through the year’s blog posts. Here are the Top Five Blog Posts of 2022 as we see them… #5: TRB Special Guest Posts: Chris Cansick, Matthew Morrison, & Tara Amina. Not blogging is simply not an option.

Pre-approval 81

Pre-approval Construction Development As-is 81

Toronto Realty Blog

FEBRUARY 27, 2023

TorontoRealtyBlog Thanks to the readers for suggesting blog topics before the long weekend! As you saw in Tuesday’s blog post, I took one such suggestion to heart. I started blogging (ranting?) about the pre-construction condo industry just as soon as this blog was launched back in 2007. We passed by the St.

Construction 71

Construction Pre-approval Purchase and sale agreement Development 71

Toronto Realty Blog

NOVEMBER 1, 2021

This is, after all, the Toronto Realty Blog. 1) Bancroft & Area: 89.4%. in seventeen months? The town of Tillsonburg had 15,872 residents according to the 2016 census. There’s probably about 25,000 – 30,000 residents, if we take the 2016 census and round up a little. TorontoRealtyBlog.

MLS 88

MLS Residential As-is Marketing 88

The Close

JANUARY 9, 2024

It has been around since 2016, and I signed up shortly after its founding. Showami will boost new agents (Showing Assistants) so they can get a showing within the first few months. If you’re looking to hire an inside sales agent (ISA) or an assistant, ZipRecruiter is the #1 job site in the U.S. The Close Score 4.5 Pricing: 4.8

Brokerage 110

Brokerage Agents Land Closing 110

HomeLight

NOVEMBER 23, 2020

2020 didn’t care whether you got your license three months or three decades ago. And more importantly, how did it show up in the 40 episodes that we published over the past 9 months? I wanna peel back the curtain for the next couple of minutes and talk about why HomeLight spent the past nine months doing a weekly podcast.

Agents 94

Agents As-is Marketing Industrial 94

Toronto Realty Blog

DECEMBER 16, 2020

Not only are my fingers tired from writing Monday’s blog, but also from hand-writing three-hundred Christmas cards! 1) The Market. Top Five: Real Estate Stories of 2016 : 5) New Mortgage Regulations. 1) Spring Insanity. 1) Spring Insanity. 1) The Future Of The City Of Toronto. TorontoRealtyBlog.

Purchase and sale agreement 83

Purchase and sale agreement As-is Marketing Banks 83

Toronto Realty Blog

AUGUST 29, 2022

” I guess I never stopped to consider that some readers aren’t familiar with the term, and thus don’t really ‘get’ these blog titles. Here’s an article that ran last month: “B.C. Somebody asked me last week, “What’s this ‘Monday morning quarterback’ thing all about?”

Inspection 78

Inspection Purchase and sale agreement Pre-approval Finance 78

Toronto Realty Blog

AUGUST 25, 2021

” That’s what I emailed to a client on Sunday after she sent me the listing for a $3,000 per month, 2-bedroom house that she wanted to go check out. Leaving a smaller 1-bed, 1-bath unit in a multiplex and heading for greener pastures in a 2-bed, 2-bath, semi-detached in a new and different area? November 28, 2016.

As-is 98

As-is Finance Principal Development 98

Toronto Realty Blog

OCTOBER 6, 2021

You paid $600,000 for your 1-bed, 1-bath condo in September of 2020. However , sales were down from an all-time-record in the month of September, so we can’t exactly take solace in that, can we? from 2020, but only 2016 and 2020 saw more sales in the month of September than in 2021. TorontoRealtyBlog.

Sales 87

Sales Marketing As-is Industrial 87

Toronto Realty Blog

JANUARY 18, 2023

properties which were unoccupied for six months or more during the previous calendar year). 5 months owner occupied plus 2 months vacant plus 5 months being renovated, would still be classified as a vacant dwelling and require a tax payment since no single use lasts the minimum six months).

Purchase and sale agreement 98

Purchase and sale agreement Residential Land Renovation 98

Real Estate Finance HQ

JULY 31, 2016

Tweet “The fact that we are still buying houses in 2016 the same way we did in 1956 is absurd.”]. So without further ado, here are the Top 12 Real Estate Technology Companies that are truly disrupting the real estate industry: 1 Cozy. Obviously housing conditions will fluctuate as will different markets and interest rates.

Technology 40

Technology Property Management Commercial Construction 40

Toronto Realty Blog

APRIL 7, 2021

I suppose I could have titled this entry, “The Inevitable April Stats Blog,” but what fun would that be? Plus, you all know that each and every month, I write a post about the TRREB stats and what they mean for the market, so pointing out the inevitability is moot. increase, month-over-month.

Sales 84

Sales Marketing As-is Title 84

Toronto Realty Blog

NOVEMBER 11, 2020

So she had months to get this place leased. She was renting the unit for $2,450 per month but we told her that market rent had dropped dramatically, and that she should really put the unit up for $2,295/month. We begged her to re-list at $2,195/month, or less. “I was getting $2,450/month last year.

Investor 97

Investor Construction As-is Development 97

Louisville Homes

DECEMBER 13, 2020

In the last few years, I put them on my personal site, so if you’re interested, you can find them here: 1, 2 , 3 , and 4. Therefore, more expensive houses are out there but weren’t sold in the past 12 months. Year # Sold 2016 35 2017 59 2018 60 2019 69 2020 77. 1 – 35 Poplar Hill Road. Let’s begin!

Land 105

Land Days on market Development As-is 105

Toronto Realty Blog

AUGUST 9, 2021

Before I get into last month’s real estate statistics, I first need to provide a brief refresher on the 2020 real estate market. Sales in the month of May rose to 4,606, but that’s not a typical May figure! higher than the previous record set in July of 2016. ” How mean! It was an all-time high for July.

Sales 94

Sales Marketing As-is Investor 94

Toronto Realty Blog

JUNE 6, 2022

Let’s start today’s blog post with a quote: “This is going to be 2017 all over again.” We know that it has declined from February with respect to both prices and sales, but it’s always much easier to define a market several months later, looking back, than it is in that very moment. TorontoRealtyBlog.

Sales 94

Sales Fixed-rate mortgage Lending Marketing 94