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. 2) Midtown – C09, C10, C11. TorontoRealtyBlog. Yeah, that’s dark. And that magical 23.9%

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Marketing As-is Sales 65

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. decline from October to November significantly trails the respective declines in 2019 and 2018 of 17.4% in 2018 or 77.2%

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Marketing Investor Sales As-is 92

Toronto Realty Blog

FEBRUARY 13, 2023

Look at this property: This sold in February of 2018 for $2,400,000 Nothing special to report here, right? A nine-month closing? ” But can you see a problem with a 9-month closing? ” Toronto Star February 5, 2023 Thanks to blog readers Ace Goodheart, Different David, and JL for pointing this article out.

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Marketing Renovation Closing Construction 84

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.

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Pre-approval Construction Development Agents 83

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.

Sales 91

Sales As-is Marketing MLS 91

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

JUNE 7, 2021

Would you read some random real estate agent’s biased blog? This is less than March and April, which were the #1 and #2 months for sales in the history of TRREB. But it’s more than the post-pandemic average, and more than every month since last summer, save for Feb/March/April of this year.

Sales 96

Sales Marketing As-is Agents 96

Toronto Realty Blog

JANUARY 4, 2021

” How in the world did I get 2 1/2 weeks off? As I wrote in my year-end blog, my wife and I had consulted with our family doctor and resident COVID expert to put together a plan enabling us to see my mother over the holidays, and thus I haven’t been “out there” in eighteen days.

Sales 126

Sales As-is Marketing Closing 126

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. 2 – 2800 Mayo Lane. Let’s begin!

Land 105

Land Days on market Development As-is 105

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 29, 2022

2) The appraisal came in at $1,800,000. 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. As Bal wrote in Monday’s blog, not every seller is going to litigate. As for point #2, this is always subjective.

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Closing Purchase and sale agreement As-is Sales 108

Toronto Realty Blog

JULY 18, 2022

Not fifty basis points like they did previously, not seventy-five basis points like they teased that they ‘might’ last month, but rather a full one-hundred basis points, the likes of which many of us have never seen. The Bank expects Canada’s economy to grow by 3½% in 2022, 1¾% in 2023, and 2½% in 2024. Full point!!!

Banks 95

Banks Lending Land As-is 95

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

JANUARY 9, 2023

Looking back on it, I suppose I didn’t “need” to write a thousand words or more about my holiday break in Thursday’s blog post, thereby extending the length of the blog and only allowing us to examine two of the ten discussion points for 2023. Q3 of 2018: 0.28%. Leave politics out of your blog.”

Land 84

Land Development Pre-approval Banks 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

NOVEMBER 21, 2022

I paid $575 per month to live in an apartment that was one of five in a building that had a storefront out back, four apartments up top, and one apartment on the main floor at the back of the building. .” I have no idea what he did or said, but I didn’t so much as see them for the next seven months. It was 1998.

Property Management 85

Property Management As-is Investor Agents 85

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?

Marketing 94

Marketing As-is Agents Land 94

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

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? If this is “one year” from the actual closing , which can take place eight, twelve, or twenty-four months after occupancy, then we’re on to something here. And insane.

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Construction Sales Purchase and sale agreement Development 74

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

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. 2) The Election & Real Estate.

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Development Purchase and sale agreement As-is Marketing 81

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. 2) The Condo Market. TorontoRealtyBlog. Intimately.

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As-is Marketing Title Agents 96

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! 2) CMHC, The Bank of Canada, & Monetary Policy. 2) Kathy Tomlinson & Vancouver Real Estate. 2) Government Intervention. 2) Government Intervention. TorontoRealtyBlog. Yes, I do that.

Purchase and sale agreement 83

Purchase and sale agreement As-is Marketing Banks 83

Toronto Realty Blog

SEPTEMBER 8, 2020

As I wrote on my blog last Friday, I owed it to my wife and to my family to take a day off, since I really haven’t done that all summer. The Friday before Labour Day is a ghost-town in real estate, and I figured I’d have few blog readers paying attention. And that was just Friday ! Imagine, Saturday, Sunday, and Monday?

Marketing 73

Marketing MLS As-is Agents 73

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!

Marketing 75

Marketing As-is Sales Investor 75

Louisville Homes

OCTOBER 12, 2021

Year # Sold 2016 35 2017 59 2018 60 2019 69 2020 54 2021 124 Each year I started with January 1st and calculated up to the date of the article which is typically at the end of September or early October. Tie #4 – 2 Wolf Pen Lane. 2 – 7200 Covered Bridge Road. Most Expensive Homes in Louisville. Here’s the tally.

Land 98

Land Days on market Construction As-is 98

Toronto Realty Blog

SEPTEMBER 25, 2023

But for those unfamiliar with the Yellow Pages saga, the acquisition didn’t save their core business, nor did it bring any additional revenue, and only three years later (2018), they sold the company back to the same group under a different name; “Purplebricks” for roughly the same amount; $51 Million. ” Yahoo!Finance, Thanks, Chris!

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Brokerage Industrial MLS Equity 97

Toronto Realty Blog

MAY 10, 2021

Quite the interesting week on Toronto Realty Blog! Well, for me , at least… The main character of Monday’s blog found my post, took issue with it, and then told me, “You have one hour to take that down, or I’ll file a RECO complaint.” TorontoRealtyBlog. ” Imagine that, eh? from March to April.

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Sales Marketing As-is Agents 67

Toronto Realty Blog

OCTOBER 1, 2021

A few years ago, we started talking about laneway houses on this blog back when they were just a pipe-dream. He’s a regular reader of the blog and we’ve discussed his work on here before. He notes in the article: “Since 2018, there have been 239 permits to build laneway homes.” Great question!

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Marketing Renovation MLS Title 105

Marco Santarelli

AUGUST 4, 2020

However, the market conditions are showing some signs of improvement due to growing consumer interest and pent up demand after two months of continuous decline in sales. Just like the previous month, closed sales were up by 22.2 in home values over the next 12-months. from 2018 to $244,000. months of supply, down from 3.8

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Marketing Investor Sales As-is 141

Toronto Realty Blog

NOVEMBER 15, 2023

TorontoRealtyBlog Get ready to be insulted on my behalf, because here goes… Having been born in 1980 and perfectly situated at the age of twelve when Terminator 2: Judgment Day was released on VHS (and the laser-disc our family had…), I would like to think that I know a thing or two about Artificial Intelligence. to comprehend.

Marketing 83

Marketing MLS Agents As-is 83

GeekEstate Agents & Brokers

MARCH 6, 2022

For our 200th Transmission (wow…that’s a lot), I thought I’d reach for a blast from the past and modernize the most read article ever on Geek Estate Blog , written all the way back in 2014. The company is now defunct, having all its assets acquired by Landis in 2018. percent in 2018.” Buying a new shirt every three months.

Brokerage 77

Brokerage Agents Pre-approval Industrial 77

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.

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Investor Construction As-is Development 97

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

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.

Pre-approval 105

Pre-approval Construction MLS As-is 105

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. 2: Never forget rule No. The post The Sexy Tortoise appeared first on GeekEstate Blog.

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Investor Finance Staging Land 62