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

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. I’m listening.

Construction 74

Construction Sales Purchase and sale agreement Development 74

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

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

JUNE 29, 2022

3) The buyers were engaged to be married and have since split up. 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. The buyer lost his job?

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Closing Purchase and sale agreement As-is Sales 108

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

SEPTEMBER 9, 2021

Whether you’re looking for something insanely specific and ready to wait a year or more, or whether you’re simply looking for a 3-bedroom semi-detached in Bloor West Village, you’re not going to get as many options as you’d like. 3) What will happen with overall “housing affordability?”

Sales 68

Sales Marketing As-is Investor 68

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? ” I mean, that was only 2018, after all. last month. I don’t. I haven’t seen rates in the double-digits; but that’s about the only thing. in March to 4.4%

Banks 71

Banks As-is Marketing Mortgages 71

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?

Agents 71

Agents Brokerage As-is MLS 71

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

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

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

NOVEMBER 9, 2022

The Toronto Realty Blog logo used to say, “By David Fleming” underneath, but we removed that years ago. You can’t imagine how many of these calls I get in a month. Somebody emailed me in the summer and said, “My landlord told me I need to leave at the end of the month because my lease is up.

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As-is Residential Agents Marketing 82

Toronto Realty Blog

OCTOBER 20, 2021

There is , however, a third option: 3) Run a budget deficit. I noted in a CTV Your Morning interview last month that about 35% of the cost of a new condo is taxation. Or are they going to say, “f**k it” and simply throw an extra $100,000 at the house because that’s only an extra $375 per month? Imagine that?

Marketing 96

Marketing Construction Land As-is 96

RIS Media

APRIL 14, 2021

I’ve written before about the Masters, and if you’re a longtime reader of this blog, you’ll know I often draw references between sports and leadership. With a career on the rise in 2018, Woods went on to win the Masters once more in 2019. They were wrong. I have played golf for many, many years.

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Title As-is Closing Brokerage 97

Toronto Realty Blog

APRIL 27, 2022

Seriously, only a sprinkle of comments on Monday’s blog post? Or last few months even. Daniels will complete the last building of phase 3 (corner of Parliament and Gerrard) but once Tridel starts though, $1600+ PSF for pre con in RP? Phase 2 was completed by Daniels Corp in 2018 and included: 225 Sackville Street (2012).

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Pre-approval Construction Development Commercial 91

Toronto Realty Blog

AUGUST 28, 2020

The last time a blog title like this appeared on my blog, the hate-mail started to fiy… For those long-time readers, you may recall the infamous blog post from January 29th, 2014 that went by the same title: “Problems At The Printing Factory Lofts?” ” Oh, man. In the end, I was vindicated.

Property Management 52

Property Management Agents Title As-is 52

Toronto Realty Blog

MARCH 14, 2022

Anybody read this in a previous blog post? 3) What if you can’t sell your house at all? Then lose four more times over the course of the next three months, as inventory is low, you have particular needs/wants in mind, and you’re suffering from what most buyers call “bad luck.” Any guesses?

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Pre-qualification Sales Closing Equity 77

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. The Austin area is pretty expensive – we purchased our 3 bed, 2 bath home for $295,000.

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

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. However, program details can frequently change.

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Home sale contingency Sales Closing Short sale 107

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. . Read on to learn why people are moving and what it means for property managers. Where and Why People Moving.

Property Management 51

Property Management Technology Renovation As-is 51

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. They had been in a 3-bed, 3-bath, semi-detached for five years, and were outgrowing it.

As-is 57

As-is Sales Mortgages Finance 57

Housing Wire

APRIL 8, 2022

After writing the America is Back recovery model on HousingWire, I wrote an article on my blog about what it would take to crash home prices on April 10, 2020. The velocity of inventory rising in the next three months is limited. months isn’t going to do that. months during this six-year period. before COVID) stage.

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Marketing Lending Short sale Equity 395

Boom Town

MAY 9, 2018

In fact, 74% of buyers across all generations (and 92% of home buyers 37 and younger) frequently search the internet for their home in 2018. BoomTown teamed up with our Google and Facebook Partners at BoomTown UNITE 2018, to share their insight on digital strategies that actually work. You have to catch them within the first 3 seconds.”

Branding 40

Branding As-is Marketing Land 40

HomeLight

AUGUST 31, 2020

If you incur that 100% penalty, then you’re up to $10,000 plus 12% interest per month. For income taxes, the federal government charges 5% of the tax owed for each overdue month or part of the month. I have one that started in November of 2017, and we finally got it cleared in August of 2018,” recalls Cornell.

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Bankruptcy Equity Title Closing 103

Calculated Risk Real Estate

NOVEMBER 8, 2023

And I track inventory and sales for 40+ local markets each month. Over five years ago, in January 2018, I was quoted in a Bloomberg article that included a bearish outlook for housing. And in December 2018, I disagreed with Professor Shiller A comment on Professor Shiller's "The Housing Boom Is Already Gigantic.

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Lending Sales Construction Mortgages 122

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 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. 3) Market Frustration.

Development 81

Development Purchase and sale agreement As-is Marketing 81

Toronto Realty Blog

JANUARY 4, 2021

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. This is, historically, one of the slowest months of the year, every year, without fail.

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Sales As-is Marketing Closing 126

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!

Sales 83

Sales As-is Pre-approval Marketing 83

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%. TorontoRealtyBlog. Q3 of 2020: 0.29%.

Land 84

Land Development Pre-approval Banks 84

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. 3) West Side – W01, W02. TorontoRealtyBlog. Yeah, that’s dark. And that magical 23.9%

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Marketing As-is Sales 65

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

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!!!

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Banks Lending Land As-is 95

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. Where would go turn to?

Sales 96

Sales Marketing As-is Agents 96

HomeLight

OCTOBER 20, 2020

Then there are what’s called “material facts” about a home that might influence buyers’ decision to buy the house or how much they’d pay for it, such as the flood in the basement that happened 3 years ago. Must disclose any murder or suicide that occurred on the property in the past 3 years, or any known human burial sites on the property.

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Marketing Agents As-is Probate sale 109