Toronto Realty Blog

APRIL 18, 2024

“Weak Condo Market In Downtown Toronto Leads To Dip In Rental Rates, Increased Vacancy” Globe & Mail February 7th, 2024 That headline definitely jives with what I saw and felt over the past three months, and you’ll see this shortly in the Q1 rental stats. Well, let’s say that this was a 2-bedroom, 1-bathroom condo.

Marketing 67

Marketing As-is Mortgages Sales 67

Toronto Realty Blog

SEPTEMBER 27, 2023

TorontoRealtyBlog It may come as no surprise to you that I receive a lot of feedback on these blog posts. I just received this email: Hey David, A long time lurker on your blog and audience to your Pick5 videos. Ten months later, the seller put the property on the market as follows: The date of this listing was December 12th, 2022.

Marketing 83

Marketing Land Sales As-is 83

Lab Coat Agents

DECEMBER 27, 2022

No one knows what the market will hold in 2023. With the right strategies and tools, you can build a successful and sustainable real estate business in 2023. If you want to close more listings in 2023, you need to be constantly and consistently generating leads so your pipeline never dries up.

Marketing 98

Marketing Agents Closing Land 98

Toronto Realty Blog

OCTOBER 5, 2023

TorontoRealtyBlog Not even one comment about the new blog? And nobody noticed that Monday’s blog extended into Wednesday and that I posted on Thursday instead. This was both a function of launching the new version of Toronto Realty Blog, as well as TRREB releasing the September stats on Wednesday instead of Tuesday.

Sales 84

Sales As-is Design Marketing 84

Lab Coat Agents

NOVEMBER 17, 2022

With the market ever-changing, 2023 promises to be full of new challenges and opportunities for agents who are ready to adapt in order to remain relevant and find listings in this industry. In this blog post, discover 5 must-haves every real estate agent needs to weather any market conditions and have consistent business for 2023.

Agents 98

Agents Branding Industrial Closing 98

Toronto Realty Blog

JANUARY 22, 2024

Thankfully , here on the Toronto Realty Blog, we’re not bound by the same “rules of attraction” that govern social media. No, here on Toronto Realty Blog, we can do things slowly. ” Check this out: You would expect to see hundreds of 1-bed, 1-bath condos on MLS on any given day.

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Banks Sales Marketing MLS 69

Toronto Realty Blog

JANUARY 30, 2023

As I’ve written before on this blog many times, I was completely bewildered by the concept of condominium living back in 2004 because this thing called a “maintenance fee” made no sense to me. So back in 2004, when I saw a $300,000 condo that came with a $300/month maintenance fee, the idea just didn’t resonate.

MLS 76

MLS As-is Property Management Branding 76

The Close

DECEMBER 15, 2022

If you want to crush your 2023 business goals, you need to have a solid marketing plan that you will stick to throughout the year. We’ve laid out a plan of action for each month so that you’ll know exactly which marketing activities you should be focusing on. Download the 2023 Real Estate Marketing Calendar. Real estate is one.

Marketing 105

Marketing Branding Agents Land 105

Toronto Realty Blog

FEBRUARY 15, 2024

This is a quarterly feature here on the Toronto Realty Blog and I’m having trouble believing that the last time we worked through these numbers, the summer had ended and it was just after Labour Day. 2023 started with year-over-year monthly movements of 2%, -5%, and 4%, and that trend continued into Q2 with 7%, 8%, and -1%.

Marketing 74

Marketing As-is Closing Sales 74

Realty Biz

APRIL 9, 2023

The early 2023 median sale price of a home in Tucson was at $310,000, which is a good bit lower than Arizona statewide. Team Integrity Founder Aaron Wilson leads a team of real estate superheroes who’ve collectively outrun all other area businesses in terms of sales (358 in the last 12 months), and perfect reviews (almost 1,000 on Zillow).

Due diligence 72

Due diligence Branding Agents Sales 72

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. difference.

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Sales As-is Marketing Agents 79

Toronto Realty Blog

NOVEMBER 13, 2023

I’ve written blogs from the perspective of both tenants who have a bad landlord, and landlords who have a bad tenant, and all the while, we’ve debated the protections that tenants enjoy in this province in 2023, and whether or not they’re unfair to landlords. Both landlords and tenants can abuse the system and do.

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Purchase and sale agreement Residential Closing Pre-approval 106

Toronto Realty Blog

FEBRUARY 1, 2023

TorontoRealtyBlog If it’s fair to draw just one conclusion from Monday’s blog post, it would be this: maintenance fees have increased substantially throughout the downtown core over the last decade. As I showed you on Monday, I wrote blogs about this way back when. Blog reader Daniel wrote: Very good point!

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As-is Property Management Renovation Land 98

Broke Agent Media

JANUARY 12, 2023

ChatGPT—the newest AI that’s making headlines—can help you reclaim the time you spend writing listing descriptions, social media content, emails for your clients and prospects, scripts for videos and phone calls, blogs and web copy for your website, and everything you do that involves putting your thoughts into words. Source: ChatGPT.

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Agents Title As-is Marketing 98

Toronto Realty Blog

SEPTEMBER 18, 2023

Today, I’m going to share with you two examples, one from each “side,” that came across my desk at the start of this month. With their 12-month lease now in its last month, the landlord and her agent reached out to the tenants. Sincerely, (Landlord Name) These emails were sent on September 5th, 2023.

Agents 84

Agents Residential As-is Mortgages 84

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

The Close

AUGUST 8, 2023

Most of those “secret” mastermind groups now have tens of thousands of members, but only a handful of posts per month. Real Estate Rockstar Agents Year Founded: 2014 Number of Members: 46,900 Posts per Month: ~200 Private or Public: Private Self-promotion Allowed? Of course, today, Facebook is a very different place.

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Agents Closing Industrial As-is 98

Toronto Realty Blog

JUNE 5, 2023

The market subsequently responded with a 4.0%, month-over-month increase in the average home price. draw three conclusions: 1) The “market bottom” is in the rear view mirror. We’ve talked a lot about “market bottom” in recent months, with some readers commenting that a new bottom, ie.

Sales 70

Sales Marketing As-is Closing 70

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. 93% compared to 86%.

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Marketing As-is Sales Investor 75

Toronto Realty Blog

JANUARY 11, 2024

Every 1% increase represents a massive increase in the monthly payment amount, but what if we’re talking 3% ? And anybody with a renewal in 2023 felt the pain. The late-2023 market already seemed to be pricing in potential rate cuts in 2024. We reached a point in 2023 where the five-year, fixed-rate was over 6.5%.

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Fixed-rate mortgage Banks Mortgages Construction 73

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. appeared first on Toronto Realty Blog. Prices should drop, in theory, but they won’t.

Marketing 88

Marketing Agents As-is 88

GeekEstate

SEPTEMBER 23, 2022

As a result, months of supply from new construction is >400% that of resale units! Appreciation in 2023. Crash appeared first on GeekEstate Blog. In the last 10 years, home builders have been busy. But, housing supply doesn’t have a cartel like oil suppliers have OPEC. Currently, we project: 12% Appreciation in 2022.

Construction 62

Construction New Construction Lending Equity 62

Marco Santarelli

OCTOBER 14, 2023

In this blog post, we will delve into the factors that influence 30-year mortgage rates and explore expert predictions for the upcoming months and years. 30-Year Mortgage Rate Predictions from Reputable Sources Forecasts regarding mortgage rates for the remainder of 2023 and 2024 vary among reputable sources. in 2023 and 6.3%

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Mortgages Banks Loans Lending 52

Toronto Realty Blog

JULY 6, 2023

No more heading over to the shop and praying that there aren’t six guys sitting inside, reading a newspaper from last month, all waiting their turn. And yet only four months later, the house sold for $1,200,000 in competition. increase in value in four months. The property is listed for $1,788,000 on March 29th, 2023.

Agents 81

Agents Brokerage As-is MLS 81

Marco Santarelli

OCTOBER 18, 2023

In this blog post, we will show you a list of popular survey sites that pay the most. Top 10 Survey Sites that Pay the Most in 2023 1. SurveySavvy SurveySavvy is a well-established site, operating since 1999 with over 1 million members. The minimum payout is just $1, the lowest among all survey sites.

Technology 52

Technology As-is Marketing 52

GeekEstate

JANUARY 8, 2023

[Editor’s Note: Below is the full text of Part I of our 238th Weekly Transmission, originally delivered direct to the inbox of more than 600 GEM members on January 4th, 2023.]. It’s 2023, and founders need to be ready to answer a question seemingly nobody has cared about since 2009: “How quickly can your company become profitable?”

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Investor Finance Staging Land 62

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. But for the GTA market as whole?

As-is 83

As-is Closing Marketing Sales 83

Toronto Realty Blog

JANUARY 29, 2024

And, alright, maybe it’s not one hundred percent literal, but a market change like the one we’re experiencing now doesn’t happen in a month or a week. Holdover buyers from the 2023 fall market are reading this right now with disdain. It happens in mere days. It happens, seemingly, overnight. It’s a condo.

Marketing 81

Marketing Agents Sales As-is 81

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

Toronto Realty Blog

MAY 19, 2023

TorontoRealtyBlog I was in the kitchen at Bosley Real Estate on Wednesday afternoon, putting dry tuna on an ever more dry rice-cake, and an agent who I hadn’t seen in a few months came up and gave me a hug. She looked at me with these sad eyes and said, “I read your blog today. The blog was not. What was this for?

Development 80

Development As-is MLS Land 80

Lab Coat Agents

APRIL 26, 2023

In this blog, we’ll review what Power Dialers are, why you should use one, how to increase pickup rates, and how to stay compliant with local calling laws. And depending on your comfort and experience level, you can dial between 1-3 lines at a time to increase your contact rate. month for their standard dialer, or $149.99/month

Agents 52

Agents As-is Closing Technology 52

Toronto Realty Blog

MARCH 24, 2023

The CBC picked up the story: “Canada’s Population Grew By Record 1 Million In 2022, Spurred By International Migration” But of course CBC would pick up the story. According to the CBC report, Canada’s population grew by 1,050,110 in 2023 to 39,566,248. Scratch that. Canada’s record population growth.

Construction 77

Construction Mortgages As-is Marketing 77

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 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, Thanks, Chris!

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Brokerage Industrial MLS Equity 97

Toronto Realty Blog

DECEMBER 4, 2023

In fact, we’ve always needed one… It’s been eight years – June 10th, 2015, to be exact, since I wrote a blog post here on TRB called “The Blame Game” Eight years ago, I offered the following culprits that could be responsible for high housing prices. 1) The government. Great question!

Investor 68

Investor Construction Equity Finance 68

Toronto Realty Blog

NOVEMBER 10, 2023

What’s missing in this article is the reason why so many mortgages are up for renewal between 2024 and 2026, which is that more people took shorter mortgage terms in the last 18 months as they hoped to time the interest rate cycle, and renew at lower rates sooner. At a rate of, say, 4.99%, your monthly payment would be $1,386.50.

Mortgages 78

Mortgages Principal Banks Loans 78

Toronto Realty Blog

FEBRUARY 24, 2022

It should come as no surprise that I love writing blog posts in trilogies. I got a 3+1 townhouse with heated garage in Calgary (25 mins outside the core, but walkable to LRT, so this would be like something in Etobicoke here) for $400K all in, completes in 2024. Who doesn’t? Meanwhile a resale townhouse in Oshawa, $1.2M.

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Closing costs Development Land Investor 142