Housing Wire

DECEMBER 27, 2022

In recent months, the canary has been chirping with far less exuberance as inflation (now above 7% annualized ), rising mortg a ge rates , declining home values and the potential of faster-rising unemployment spurred on by a potential recession in the coming year all grip the FHA sector. 1, according to Recursion’s data.

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FHA loan Loans Mortgages Equity 475

Toronto Realty Blog

JANUARY 4, 2021

And considering how 2020 went down for just about everybody on this globe, it’s an honour and a privilege to refer to any period of time this year as “magnificent.” ” How in the world did I get 2 1/2 weeks off? – 1) Will the pandemic continue to affect the market, and if so, to what extent?

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Sales As-is Marketing Closing 126

Toronto Realty Blog

DECEMBER 14, 2023

TorontoRealtyBlog I know I don’t actually write blogs on a retro typewriter like the one in the photo above, but I really, really liked that picture… I do wear glasses when I write, however. In this space last year, I penned over 5,000 words about the “top blog posts” of 2022. And perhaps outside too.

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As-is Agents Pre-approval Title 69

Toronto Realty Blog

JUNE 20, 2023

Just rub salt into the wound, she said, “I guess, if you wanted to, you could think of the next two-and-a-half months as my weekend, Daddy…” Zing! But when summer comes along, is your industry completely different from what it was only a month earlier? How do the sales figures look, month-to-month?

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As-is Sales Marketing Industrial 91

Toronto Realty Blog

JANUARY 18, 2024

TorontoRealtyBlog I laughed when I read a comment on one of last week’s blogs that said something like, “So you’re only blogging twice per week this year, but each blog is twice as long?” ” Well, that would be a net gain for Toronto Realty Blog then, wouldn’t it? Maybe less.

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Marketing Sales As-is MLS 77

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 of total agency gross issuance for the month.

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Marketing Purchase and sale agreement Investor Banks 404

Toronto Realty Blog

OCTOBER 25, 2023

I have penned several blogs this year on TRB about properties listed “over and over,” so today’s post is seemingly nothing new. But I want to use the TRREB data, namely the “average 416 sale price” from selected months to examine how, where, or how some of these listings could be poorly priced.

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Sales As-is Marketing Agents 79

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. 1) Spring Insanity. 1) Spring Insanity. 1) The Future Of The City Of Toronto. And lots of links to blog posts in each section too. TorontoRealtyBlog. Cards and envelopes!

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Purchase and sale agreement As-is Marketing Banks 83

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.

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Sales Marketing As-is Agents 96

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.

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Banks Renovation As-is Sales 79

Toronto Realty Blog

MARCH 20, 2023

Because when I look at the number of active buyers I have right now, all of whom have zero options on the market, and I think of how many buyers the 72,000 other agents in the GTA must have on their roster, I can’t see any reason why prices don’t escalate in the next 3 1/2 months. to $1,266,500 last month.

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As-is Closing Marketing Sales 83

Toronto Realty Blog

FEBRUARY 10, 2021

On Monday night, a 1-bedroom condominium in Liberty Village, listed for sale at $599,900, solicited twenty-one offers and sold for $715,000. Three months. That’s all it took for the condo market to completely turn around: three months. The average 416 condo price in December of 2020 was $625,828. increase in 2020.

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Sales Marketing As-is Staging 122

Toronto Realty Blog

APRIL 8, 2024

This project began sales not too long ago and I was sent an information package by real estate agents, blog readers, and clients alike. Two weeks ago, we talked about the condominium assignment market and how so many “investors” who purchased back in 2018, 2019, or 2020 are now having to sell their properties at a loss.

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Construction Development Design As-is 75

Toronto Realty Blog

JULY 12, 2023

” Imagine submitting an offer on a $3,200/month condo with your friend and roommate, offering $38,400 up front, and being told that you’re not doing anything different than the six other people you’re competing against. ” That’s what I mean by “impossible market conditions.”

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Marketing Agents As-is 88

GeekEstate

SEPTEMBER 16, 2020

By now, many of us have settled into the continuous shifts of 2020. Hopefully you’ve learned to take it in stride and adjust your business model when necessary in order to continue hitting your goals each month. Low interest rates on long-term mortgage loans have fallen even further, hitting an all-time historic low in August, 2020.

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Fixed-rate mortgage MLS Agents Mortgages 108

Louisville Homes

JUNE 23, 2020

and is based off their data in these four areas: 1. It’s also interesting to note that during the first month covered in this chart, the Louisville real estate market performed quite well. The May 2020 Louisville Real Estate Report is the most current report published on Louisville Homes Blog.

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Marketing Closing Sales As-is 89

Toronto Realty Blog

JULY 10, 2023

I’ve often mused on this blog that there’s nothing I love more than watching a movie I’ve seen a dozen times! But so too was my original title for today’s blog: Expect The Expected. Last month, I wrote a lot about what typically takes place in the Toronto real estate market in the summer. Or is it both?

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Title Commercial As-is Marketing 75

Louisville Homes

JULY 8, 2020

Well, after three straight months of lower home sales in Louisville, June bounces back in a strong way. Let’s dig into our June 2020 Louisville real estate report. For the month of June, we saw a 3.4% Prices dipped a bit from last month but not that far. The median home sale price for the month was $209,900.

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MLS Sales As-is Marketing 87

Toronto Realty Blog

DECEMBER 15, 2021

Looking back at my year-end posts from 2020, 2019, 2018, and so on, I swear I don’t think I’ve ever felt older. 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. 1) The Pandemic. TorontoRealtyBlog. Intimately.

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As-is Marketing Title Agents 96

Toronto Realty Blog

JANUARY 8, 2024

I placed Stainey on the light fixture in my home office, with her arms wrapped around one of the Edison bulbs, and then I placed one of the notes (FYI – you can buy a whole month’s worth of these with your kids’ names on them…) on my desk under the light fixtures. I didn’t write a single blog for two weeks!

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Sales As-is Pre-approval Marketing 83

Toronto Realty Blog

SEPTEMBER 12, 2022

We never know exaclty when the stats will be released, but it’s usually around the 4th, 5th, or 6th of the month. To publish a statistical analysis of last month , you’d need a day or two after the month has concluded. On average, I’d say that the TRREB Market Watch is released around the 5th of the month.

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MLS Sales Brokerage Marketing 100

Toronto Realty Blog

AUGUST 10, 2020

In 2020, this couldn’t possibly be more to the contrary. Their time won’t be this month, but it will be soon. Yes, I know, this is new for 2020. – 1) Where will the GTA average home price go? After I wrote Tuesday’s blog, I had a few very difficult conversations with condo sellers.

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Days on market Sales Marketing As-is 83

Toronto Realty Blog

JANUARY 28, 2022

“When I have questions,” he explained, “Instead of bothering you, I just Google my question and add ‘Toronto Realty Blog’ and about nine times out of ten, an old blog post pops up that answers my question.” That’s from January of 2020. appeared first on Toronto Realty Blog.

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MLS Agents As-is Inspection 93

Louisville Homes

AUGUST 6, 2020

Each month we create our Louisville real estate reports for you free of charge. That’s two straight months with more sales than the previous year. For the month, there were 1,304 properties sold. While not groundbreaking, this is solid growth after two very down months—April and May. This is a 6.3% to $225,000.

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MLS Sales As-is Marketing 86

Toronto Realty Blog

SEPTEMBER 7, 2021

Raise your hand if back in April of 2020 you thought we’d still be doing this by the fall of 2021? When I look back at how COVID has affected the Toronto real estate market over the past eighteen months, I’m amazed. The fall-2020 condo market was the worst I had ever seen. ” An open house ? Not even close.

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Marketing As-is Land Brokerage 98

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. from December 2019 to February 2020, but this is the whole of the 416. in 2020 compared to 27.2%

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Marketing Investor Sales As-is 92

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.

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Marketing As-is Sales Investor 75

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.

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Development Purchase and sale agreement As-is Marketing 81

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

GeekEstate

JANUARY 4, 2021

There is no other way to say it: Real Estate as an industry did not have it easy in 2020. At the beginning of this month, my team and I at TheHouseMonk launched the Global Coliving Report 2020. The post Coliving amidst the challenges of COVID-19 appeared first on GeekEstate Blog. in 2019 stood at a market value of $7.9B

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Staging Industrial Finance As-is 87

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. Then, there’s 2020. TorontoRealtyBlog. Yeah, that’s dark. So what about the opposite?

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Marketing As-is Sales 65

Toronto Realty Blog

OCTOBER 27, 2021

Last week, we had a listing for a 1-bed, 1-bath condo, priced at $2,395/month, that produced two very competitive offers. They didn’t have the best credit but they offered all twelve months in rent up front. However, let’s not forget that you need that money to actually pay your mortgage every month!

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Marketing Investor As-is Agents 77

Toronto Realty Blog

NOVEMBER 1, 2021

This is, after all, the Toronto Realty Blog. In September, we discussed the whopping 18.3%, year-over-year increase in average home price in Toronto, from $960,613 in September of 2020 to $1,136,280 in September of 2021. 1) Bancroft & Area: 89.4%. in seventeen months? March, 2020: $256,200.

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MLS Residential As-is Marketing 88

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.

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Sales Marketing As-is Title 84

Toronto Realty Blog

MARCH 17, 2021

Every single month, without fail, I receive a phone call or an email from a client asking about a recent correspondence with an existing tenant. ” A reader called me last week and said he was getting $3,200 per month for his condo and that the tenants had asked if they could get a rent reduction………to $2,500.

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Marketing As-is Renovation 94

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.” I’ve only had nine lease listings so far in 2022, compared to something like 2020 when I had twenty-four. ” January?

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Marketing As-is Agents Land 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.

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Sales Fixed-rate mortgage Lending Marketing 94