Toronto Realty Blog

JUNE 2, 2023

TorontoRealtyBlog Do you remember a twelve-month period where we talked about interest rates any more than we have since this time last year? There have been so many changes in lending criteria over the past two decades – specifically since 2008, that talk about something as basic as interest rates almost seems boring by comparison.

Banks 71

Banks As-is Marketing Mortgages 71

Toronto Realty Blog

APRIL 22, 2024

Two weeks ago, I wrote a blog post about the new Freed Residences, where studio condos were being pre-sold for upwards of $2,300 per square foot. In fact, I really didn’t learn much from it, other than perhaps the notion that I needed to pen a similar blog post. It was 540 square feet with no parking, locker, or outdoor space.

Pre-approval 72

Pre-approval As-is Construction Marketing 72

A Student of the Real Estate Game

MARCH 22, 2020

It’s been a historic 10+-year run for the multifamily sector. There were many moments over the past 10 years where it felt like pricing was frothy and the music was ready to stop. I graduated from college in 2008 and saw friends’ job offers disappear when Lehman went under and watched family members lose their homes.

Investor 40

Investor Closing Loans Marketing 40

App Folio

AUGUST 21, 2020

However, multifamily managers may recall that back in 2008, things were a bit scary too. New lease executions were at a year-over-year increase of about 10% through the first week of July, while lease renewals appear to have fallen into negative territory over the past few weeks. Why Trade-Outs May be Negative.

Property Management 108

Property Management Investor Principal Technology 108

HomeLight

AUGUST 31, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes only, not legal or tax advice. That’s because interest rates have gone up so significantly over the last six months.”. Their monthly payment on their new fixed-rate loan is based on the current interest rate and the new loan amount.

Equity 104

Equity Finance Loans Closing costs 104

Toronto Realty Blog

AUGUST 19, 2021

Eighteen-months old but he runs like Andre De Grasse. When we pulled up and the kid working the check-in showed us the size of basket that costs $10, I thought it was a bit far-fetched. Hey, 20-somethings, feel free to dig deep into the TRB archives and read my stories about nightclubbing, circa 2008. When did this happen?

As-is 98

As-is Closing 98

McKissock

SEPTEMBER 7, 2021

I have no idea, but there will be warning signs, and that’s what this blog article is about. 10 = $500,000. $50,000 ÷.12 A man I know told me in 2008 he’d lost his house to foreclosure. Join us on Wednesday, September 29th for a Pro-Series webinar, “Impact of Pandemic on Current Market Analyses and Trends.”

Marketing 71

Marketing Lending MLS Residential 71

Housing Wire

NOVEMBER 22, 2021

As I wrote in my blog in 2020: “The rule of thumb I am using for 2021 is that existing home sales if they’re doing good, should be trending between 5,840,000-6,200,000. This is something that couldn’t happen in the years 2008-2019. As I write this article, the 10-year yield is at 1.60%. million or higher. We are well above my 6.2

Sales 538

Sales Days on market Investor Mortgages 538

Toronto Realty Blog

MARCH 29, 2021

2008, for one. How about some headlines from this past month? Some for even longer… March 17th, 2008. What I wanted to say during my BNN segment was this: the average home price in Toronto in 2008, when Garth Turner released this book about the coming market crash, was $379,080. The early-2010’s for sure.

Marketing 126

Marketing Banks As-is Finance 126

Toronto Realty Blog

DECEMBER 13, 2021

Is it weird that the “Top Five” blogs, that I have written, are being chosen by me ? In any event, I’ve been running this feature now for over a decade, but in its current form, with the top five blogs and the top five stories each being featured in their own post, I think we’re into our sixth or seventh iteration.

Agents 116

Agents Industrial MLS As-is 116

Toronto Realty Blog

FEBRUARY 5, 2024

I’ve had this blog topic in the queue now for quite some time. Maybe months. Ah, yes, and there it was, in all its glory: “Toronto Mayor’s Executive Committee Endorses 10% Speculation Tax On Foreign Home Buyers” CBC News January 30th, 2024 This is simply incredible. Alright, sorry. Maybe weeks.

Land 71

Land Residential As-is Development 71

HomeLight

AUGUST 16, 2021

In this week’s Walkthrough, Christina Griffin shares her outlook for the months ahead and delivers the systems and scripts that she’s used to sell more than 2,000 distressed properties in her 20-year career. Matt: Give me your thoughts on what is happening and what’s going to happen over the next several months.

Marketing 75

Marketing Short sale Bankruptcy Banks 75

HomeLight

DECEMBER 22, 2022

DISCLAIMER: As a friendly reminder, this blog post is meant to be used for educational purposes, not financial advice. home prices dropped for the third straight month in a row in November, and are predicted to decrease 8% to 10% by August 2023. If you need assistance navigating the question, “Should I buy a house now or wait?”

Debt-to-income ratio 98

Debt-to-income ratio Agents Loans FHA loan 98

Toronto Realty Blog

AUGUST 16, 2023

Really, and truly, this blog story is an example of: Anything that can go wrong, will go wrong, and at the worst possible time… Mickey and Mallory are clients of mine that underscore the true meaning of the phrase “clients for life.” The house sold in 2008. ” Famous last words? It was perfect!

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Purchase and sale agreement Title Inspection Closing 89

Toronto Realty Blog

JANUARY 6, 2022

And we did this to start off January 2021, not just as a stand-alone blog, or even a two-part series, but rather a three-part series that spanned the entire first week back! showing, as I’ve clearly been away from blogging for far, far too long and I’m a bit rusty… But we are, in fact, back to life, and back to reality.

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Fixed-rate mortgage Banks Mortgages As-is 99

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

SEPTEMBER 7, 2023

Now, let’s run through our next six questions, keeping in mind that some of these are worth a multi-part blog series, but we need to address them in an expedient manner… 5) Will we actually see the fallout from increasing interest rates? I suppose this depends on who you ask! Can of worms? This is something worse.

Marketing 80

Marketing Land Development Banks 80

GeekEstate

MAY 25, 2021

In 2008 I co-founded New Western alongside my friend, Stuart Denyer, and together we launched a national marketplace for real estate investors to find homes to rehab. Since our company’s founding we’ve experienced immense growth – 40% annually over the past 10 years. This week, we interviewed Kurt Carlton from HomeGo.

Investor 98

Investor Lending Technology Industrial 98

App Folio

APRIL 22, 2020

I had a 10-year career there, ultimately leaving as a senior vice president. Obviously the great recession, 2008, 2009, was different in that it was a balance sheet recession. Obviously 2008, 2009 it was the balance sheet that got messed up, right? Maybe a few longer, a few shorter, but most of them are on 12-month leases.

Property Management 59

Property Management As-is Marketing Industrial 59

The Close

JULY 19, 2023

Most of the agents I talk to these days close 10 to 15 deals a year, have a solid lead generation strategy, and make good money. You can check out candidates for free, but you will have to pay $69 for a one-month account to connect with potential hires. Some even make great money—but they’re still not happy. Check out Onlinejobs.ph

Design 96

Design Sales As-is Closing 96

Notorious ROB

JUNE 12, 2022

Here’s TechCrunch with an article titled, “ This is not (just) another roundup of tech layoffs “: After a month that saw nearly 16,000 tech workers lose their jobs, June is off to a similar tumultuous start. Tesla is instituting a hiring freeze and cutting some 10,000 jobs. Tech companies are cutting staff by the thousands.

Investor 86

Investor Banks Bankruptcy Equity 86

HomeLight

AUGUST 24, 2020

HomeLight acquires Disclosures.io – our blog post announcement. When the housing market crashed in 2008, he says sales of construction equipment crashed as well. More recently, just four months into his real estate career, Tyler lost his main source of new leads. Disclosures.io/homelight BEGIN CONVERSATION).

Agents 98

Agents As-is Sales Brokerage 98

HomeLight

AUGUST 27, 2020

In 2008, the Obama administration passed the Housing Economic and Recovery Act (HERA) to help homebuyers purchase their first home, despite the financial crisis the country was going through at the time. When the credit was first made available, new homeowners could receive a credit of 10% of the home’s purchase price , up to $7,500.

VA loan 57

VA loan FHA loan Loans Closing costs 57

Boom Town

DECEMBER 18, 2018

Defined by the crushing great recession of 2008 and the subsequent steady rise to a booming seller’s market (fueled by sky-high home prices and stalled inventory growth), it’s been a wild ride. Existing home sales increased slightly in October 2018 after 6 months in a row of decreases. But it is shifting. The increase was 1.4%

Agents 58

Agents Marketing Staging Sales 58

HomeLight

JANUARY 11, 2021

And after real estate thrived through an entirely unpredictable 2020, we need to ask what’s coming our way in the next 12 months. Interest rates, oh my gosh, they seem to hit another record low every month, right? A new year is here! Will sellers re-enter the market and ease the inventory crunch? Will interest rates stay low?

Agents 91

Agents Equity As-is Investor 91

Norada Real Estate

FEBRUARY 6, 2021

The number of unemployed New Yorkers decreased over the month by 20,200, from 764,500 in November to 744,300 in December 2020. This represents the fifth straight month of declining unemployment rates in New York State, bucking the national trend. New York City's unemployment rate decreased over the month from 12.1%

Days on market 106

Days on market Investor As-is Marketing 106

App Folio

DECEMBER 18, 2020

Mike has worked with investment management clients for over 10 years ranging from small offices and syndications to large private equity funds and institutions. And then, after 10 years, what does $100,000 worth, after we do a [refinance]? Morris: And I think you need to be transparent. But look at this as marketing.

Industrial 105

Industrial Property Management Investor Technology 105

Housing Wire

OCTOBER 17, 2023

Walking that thin line is becoming increasingly important as more distressed sales are pushed up-funnel into the pre-foreclosure marketplace — a trend that began developing about 10 years ago and has accelerated in earnest over the last two years. Those dangers can be found in recent headlines from the New York Times and ProPublica.

MLS 406

MLS Short sale Equity Banks 406

Toronto Realty Blog

AUGUST 23, 2021

“David: don’t make this blog political.” ” That’s what I told myself each and every time I wrote parts of the blog in my head over the last seven days. In 2007, a total of 37% of all new mortgages were for terms of longer than 25-years, as I wrote in my blog from July of 2008.

Marketing 105

Marketing Purchase and sale agreement Mortgages Finance 105

Notorious ROB

MARCH 16, 2023

Since this is not a finance blog nor a banking blog, I urge you to go check out all of the commentariat on finance and banking. Your $1 billion bonds paying 1.56% over 10 years aren’t worth $1 billion when one can spend the same $1 billion and get bonds that pay 5% over 10 years. Or does it feel more like 2008?

Banks 72

Banks Finance Fixed-rate mortgage Loans 72

Toronto Realty Blog

SEPTEMBER 22, 2022

Oh, the stories I could share, if only I had my own television show, radio program, podcast, or……… blog? I remember attending a condo “launch” some time around 2007 or 2008, and the project was only the second or third by this developer, so they were still working out the kinks in their systems and processes.

Industrial 99

Industrial Pre-approval Purchase and sale agreement Development 99

Marco Santarelli

JANUARY 3, 2021

There is no doubt that rental property investment can be a great way for beginners to generate positive cash flow every month. All that you need to see is your ROI flowing into your bank account each month. You can subscribe to real estate blogs, which can be an amazing source of free information. You cannot fly solo.

Investor 106

Investor Property Management As-is Equity 106

Toronto Realty Blog

JANUARY 8, 2021

To recap, under the program, the government provides first-time buyers with an interest free down payment loan of up to 5% of resale purchases and 10% of any new build/pre-construction home or condo. Some of those changes included; Gross Debt Service (GDS), and TDS (total debt services) to be reduced from 39%/44% to 35% to 42%.

Equity 95

Equity Mortgages Lending Banks 95