Toronto Realty Blog

DECEMBER 8, 2020

Having already started my “End of 2020” blog-themed posts on the side, I don’t want to spoil the surprise here, but we will be dedicating a good section to exploring the 2020 condo market. Specifically, in C01 and C08, I have said many times, anecdotally, that prices increased 20% in the smaller 1-bedroom segment.

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Marketing Investor Sales As-is 92

Toronto Realty Blog

AUGUST 4, 2020

If the explosive month of June, which saw the GTA average home price reach an all-time high, is any indication, the summer months in 2020 are going to replace the time we lost in the real estate market at the height of the pandemic. We have a slew of listings this month, and buyer activity is the busiest it’s been all year.

Sales 110

Sales Marketing As-is MLS 110

Toronto Realty Blog

JUNE 9, 2021

Let’s say that a 420 square foot, 1-bed, 1-bath in this building sells for $440,000 and rents for $1,650. Now let’s say that a comparable unit across the street in a different building, without that poor track record, costs $525,000 but also rents for $1,650 per month. Is it possible it can push higher than 2020?

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Marketing As-is Closing Investor 93

Toronto Realty Blog

DECEMBER 8, 2021

Are you tired of the stats blogs yet? The November TRREB stats didn’t just us a mountain of records as we learned in Monday’s blog, but also gave us, in my opinion, a snapshot of where this market is headed in 2022. There are some months when SNLR can be above 100%. TorontoRealtyBlog. Well, hang in there.

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Sales As-is Marketing MLS 91

Toronto Realty Blog

JUNE 29, 2022

Which of the following reasons is valid for why a buyer may opt out of the deal: 1) The buyer cannot obtain financing. So let’s now introduce a concept called anticipatory breach , which I wrote about on my blog in full back in 2019, HERE. Maybe a week, maybe a month. 2) The appraisal came in at $1,800,000.

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Closing Purchase and sale agreement As-is Sales 108

Toronto Realty Blog

NOVEMBER 16, 2022

I don’t believe I’ve cracked 3,000 blog posts yet, but I’m close. Ergo, I have been looking forward to penning my 3,000th blog post for quite some time. The problem with having written nearly 3,000 blog posts over fifteen years is that every so often, I write a post that I’ve already written.

Banks 79

Banks Renovation As-is Sales 79

Toronto Realty Blog

NOVEMBER 29, 2023

Maybe they’re the multi-million-dollar developers who sell and build condos for a living and I’m just a cynical blog-writer? Let’s have a look… – Incentive #1: Buyer’s Choice! A larger condo with a $5,000/month occupancy fee would result in a $120,000 loss for that pre-construction buyer.

Construction 74

Construction Sales Purchase and sale agreement Development 74

GeekEstate

DECEMBER 14, 2022

Instead, I convinced 30 of my friends and family to write $10,000 to $50,000 checks in order to fund Opcity ’s initial $1 million. The post Burn the Boats appeared first on GeekEstate Blog. After exiting Yodle for $342 million , I could have raised VC capital or self-funded my next startup. Yet I chose neither of those paths.

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Staging Land Investor Closing 113

Toronto Realty Blog

OCTOBER 17, 2022

Can you believe it’s been three months already? “Three months from now… ,” the receptionist says, “… lemme see… hmmmm… that’ll be January.” We’re still above the September data point for 2018, but seriously, how long ago was 2018 in real estate years?

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Marketing As-is Agents Land 94

Toronto Realty Blog

AUGUST 21, 2023

Three months pass, and the the closing date is here! Then a month. ” In this blog post, I summarized a few court cases that proved, once and for all, that if a buyer simply decides to walk away from a firm purchase, and the seller re-sells the property for less , then that original buyer is liable to make up the difference.

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Purchase and sale agreement Finance Closing Brokerage 77

GeekEstate

OCTOBER 8, 2020

Using January and February as a baseline and considering March to be the official onset of the pandemic (when most state shutdown orders occured), our data showed that the number of rent payments received by property managers and landlords has been steadily declining over the past several months. Online rental payments see little change .

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Property Management Industrial As-is 103

Toronto Realty Blog

APRIL 5, 2023

So when we’re talking about $1,400/month basement apartments in prime areas like Riverdale, High Park, or Trinity Bellwoods, there are going to be all sorts of inquiries on the property. ” You don’t get people calling on your $3,000/month rental offering $1,500, but it happens in the low-low end. We shall see!

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Marketing As-is Sales Investor 75

RIS Media

FEBRUARY 7, 2021

Earlier this month, RISMedia announced the 2021 Real Estate Newsmakers and, for the fourth consecutive year, its 2021 Newsmakers Hall of Fame—a select group within RISMedia’s annual Newsmaker honorees, which celebrates icons in the industry for their long-standing and/or exemplary service. Lennox Scott. Scott Real Estate.

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Branding Industrial Residential Agents 98

GeekEstate

JANUARY 8, 2023

All that mattered was growing revenues aggressively by taking market share from traditional companies in the massive market of your choosing: transportation, office, dating, travel, hospitality, news, blogging, anything-delivery, real estate. 1: Never lose money; Rule No. The post The Sexy Tortoise appeared first on GeekEstate Blog.

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Investor Finance Staging Land 62

Toronto Realty Blog

SEPTEMBER 25, 2023

” 1 I’ll come back to this point later, but this quote is relevant as it was the first time a company was publicly declaring that they were planning to use the “real estate” industry as a marketing tool, or even more subtly, as a loss leader, to drive revenue to their existing business model(s). .” ” Yahoo!Finance,

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Brokerage Industrial MLS Equity 97

Marco Santarelli

SEPTEMBER 6, 2020

Unlike the misconception, passive income ideas do require an upfront work to earn, like writing an e-book or building and monetizing a blog. Blogging is often seen as a great way to earn almost passive income. If you run a blog and get decent traffic, you can incorporate ads to your site and get paid per click or per view on each ad.

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Lending Loans Investor Branding 135

Toronto Realty Blog

JUNE 21, 2021

When it comes to monthly TRREB data, there’s always a stat or two that might not entirely line up with what I had experienced in the previous month, but for a major statistically-backed trend to come as a surprise is quite rare. Before I present you with the statistics, let me say this: stats like this are always delayed by 1-2 years.

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Pre-approval Construction MLS As-is 105

Toronto Realty Blog

NOVEMBER 9, 2022

The Toronto Realty Blog logo used to say, “By David Fleming” underneath, but we removed that years ago. I was out-voted 4-to-1. You can’t imagine how many of these calls I get in a month. A helpline or a help desk. An advice provider. Last week, I was driving my daughter to school and my phone rang.

As-is 82

As-is Residential Agents Marketing 82

Toronto Realty Blog

JUNE 20, 2022

The ironic part is, this house was leased for $900 per month. per month on a 25-year amortization. That’s almost $1,500 per month more than he woulda, coulda, shoulda paid for his monthly mortgage if he’d bought that first townhouse in January! The property cost him $42,000. But of that $492.70 Imagine that?

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Principal Fixed-rate mortgage Pre-approval Mortgages 97

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

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? 8,201 active listings by the end of August, compared to 16,662 in 2020, or 15,870 in 2019, or even 17,864 in 2018! It’s like every would-be summer buyer is just waiting for fall.

Sales 68

Sales Marketing As-is Investor 68

Miller Samuel INC

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The number of units sold in Manhattan in 2018 was down by more than 14 percent compared to the previous year.

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Marketing Banks Mortgages Loan Officer 59

GeekEstate

FEBRUARY 23, 2023

A full 37% of consumers “are willing to pay a fee for access to enhanced loyalty program benefits,” according to 2018 research from Bond. Loyalty is not widely distributed though, with 54% of customers only loyal to 1 to 5 brands. Apply for Membership The post Banking Real Estate in the Clouds appeared first on GeekEstate Blog.

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Banks Brokerage Branding Closing 62

Toronto Realty Blog

OCTOBER 28, 2020

Thirteen years, four months, and two thousand six hundred eighty-nine blog posts… And after all this time, often the content comes directly to me. 2,689 blog posts, and I always fear the day that I have nothing to write about! From the 2018 CBC story I bookmarked in perpetuity: “What Are Landlords Allowed To Ask?

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Agents Brokerage As-is MLS 71

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

MARCH 14, 2022

Anybody read this in a previous blog post? There are fears at play here, notably the following: 1) How do you know what you can spend on a new house if you haven’t sold yours yet? ” You finally buy a home after Victoria Day, just getting in under the five-month mark. I started selling real estate in 2004.

Pre-qualification 77

Pre-qualification Sales Closing Equity 77

HomeLight

NOVEMBER 10, 2021

Disclaimer: Information in this blog post is meant to be used for educational purposes only and provide a high level overview of some of the top iBuyer programs. Our platform enables you to sell your home as quickly as 10 days rather than what can be weeks or months. 1% depending on your market. HomeLight Simple Sale.

Home sale contingency 107

Home sale contingency Sales Closing Short sale 107

Toronto Realty Blog

FEBRUARY 15, 2023

Case in point, something like this: This condo was listed for $2,550,000 in 2018. This seller said, “I’m not having any luck here at the end of the calendar year, and with the market slowing down, I’ll terminate and re-list this one month into the new year.” appeared first on Toronto Realty Blog.

Marketing 86

Marketing Renovation Agents As-is 86

Toronto Realty Blog

APRIL 27, 2022

Seriously, only a sprinkle of comments on Monday’s blog post? Or last few months even. Phase 1 was completed by Daniels Corp in 2009 and included: 1 Cole Street (2009). Phase 2 was completed by Daniels Corp in 2018 and included: 225 Sackville Street (2012). appeared first on Toronto Realty Blog.

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Pre-approval Construction Development Commercial 91

App Folio

FEBRUARY 25, 2020

According to the United States Census Bureau , cities with more than 500,000 people collectively lost 27,000 residents aged 25 to 39 in 2018. million people moved to the south from another region of the country in 2018. . Evidence has also shown that Lisa’s quick, 1-1.5 Where and Why People Moving. In fact, more than 1.2

Property Management 51

Property Management Technology Renovation As-is 51

GeekEstate

AUGUST 4, 2022

Below is a wrap-up for the month of July with the most interesting analysis & commentary from the GEM. The LEGO Group recently announced an investment of “more than the US $1 billion to build a new factory in Chesterfield County, Virginia.” Built from the same technology loved by over 1 million real estate agents.

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Purchase and sale agreement Technology Brokerage Agents 112

GeekEstate

AUGUST 11, 2022

Founded: 2018. Traction: Increases of 10X revenue and 6X customers Year over Year (YOY), from May 1 2021 – May 1, 2022. 1 million+ photos processed. RealStaq : Providing compliance expertise and refined national MLS data services, it has processed more than 1 billion intelligent image tags. NOT QUITE READY?

Renovation 118

Renovation Staging Technology Design 118

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. In late 2018, we started on the path to financial independence (FI) and reduced our expenses. Kaitlyn asks (at 11:21 minutes) : I want to buy real estate in the next few years. What should we do?

Banks 67

Banks Mortgages As-is Development 67

Toronto Realty Blog

FEBRUARY 24, 2021

More to the point is that this payment plan has two payees: 1) The lender, to the tune of about $1,570 per month. 2) The borrower himself, to the tune of about $2,620 per month. I made a lump-sum payment of 5% on my condo about eighteen months after I purchased, and then following year, I made a 20% payment.

Mortgages 90

Mortgages Fixed-rate mortgage Finance Equity 90

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

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.

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Investor Banks Development Construction 87

Toronto Realty Blog

JULY 20, 2020

The headline of today’s blog – did it get ya, even for a second? I’ve written about this in the past, and I believe that I labelled it one of my “top stories” in a year-end blog in 2018 or 2019. M & N were long-time blog readers, long-time Torontonians, but will now be new-Burlingtonites.

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As-is Sales Mortgages Finance 57