Toronto Realty Blog

JULY 17, 2023

Consider that the market slowed in 2022 around this time as interest rates began to rise, but the June data is on par with 2018 and 2019 as well. Perhaps we’ll see this year finish more like 2018 and 2019 than 2021? And by June, we had seen the 905 surpass all of 2018, 2019, 2020, and 2022. The story is the same for May.

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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

OCTOBER 12, 2023

month-over-month, up 10.5% month-over-month, up 7.1% Now, my cynical side looks at the price for a 2-bedroom and says, “Half of that is just over $1,700 per month, so why not find a roommate and reduce the cost of living? Can you believe it’s been three months already? year-over-year, to $2,620.

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Marketing As-is Days on market Construction 88

Toronto Realty Blog

APRIL 11, 2022

Chris, Tara, and Matthew wrote guest blogs? To be quite honest, I was thinking about pre-writing three blogs, or, as is often the case, writing blogs while I’m away on vacation. That always seems easy in advance (“I write three blogs per week, I’m sure I can carve out the time while I’m away!”) You don’t say! To me, 2.6%

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Marketing As-is Sales Industrial 98

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.” One agent, however, submitted an offer at 11:00am on Saturday and provided an irrevocable date of 5:00pm on the same day.

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Marketing As-is Agents Land 94

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.

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Construction Sales Purchase and sale agreement Development 74

Toronto Realty Blog

JUNE 29, 2022

5) There was a death in the buyer’s immediate family. 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

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.

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Sales Marketing As-is MLS 110

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

GeekEstate

JULY 7, 2020

I’ve published papers in international scientific journals, been award 7 patents in the computer hardware and software industries, and am named as an inventor on 5 other patent applications. Last year alone the US lost $221M to real estate wire fraud which was up 47% from 2018. What problem does your product/service solve?

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Title Banks Loans Industrial 96

Toronto Realty Blog

APRIL 27, 2022

Seriously, only a sprinkle of comments on Monday’s blog post? Or last few months even. Phase 2 was completed by Daniels Corp in 2018 and included: 225 Sackville Street (2012). But what about Phase 4 and Phase 5? So the story in today’s blog could simply be that Tridel is picking up where Daniels left off.

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Pre-approval Construction Development Commercial 91

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? Raise your hand if you remember buying a house over $1,000,000 with only 5% down? Raise your hand if you remember buying an investment property, at any price, with only 5% down?

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Banks As-is Marketing Mortgages 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

Miller Samuel INC

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The number of units sold in Manhattan in 2018 was down by more than 14 percent compared to the previous year.

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Marketing Banks Mortgages Loan Officer 59

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. Because I was buying a 5-year payment plan, and the monthly liability was easy to service. Now, has that person “bought a house?”

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Mortgages Fixed-rate mortgage Finance Equity 90

GeekEstate

FEBRUARY 23, 2023

A full 37% of consumers “are willing to pay a fee for access to enhanced loyalty program benefits,” according to 2018 research from Bond. Loyalty is not widely distributed though, with 54% of customers only loyal to 1 to 5 brands. Apply for Membership The post Banking Real Estate in the Clouds appeared first on GeekEstate Blog.

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Banks Brokerage Branding Closing 62

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

First Team Real Estate

AUGUST 3, 2021

Good news: if you’re among the millions wondering ‘should I sell my house now or wait until later,’ then this blog might just be perfect timing. According to NAR, properties only remained on the market for 17 days in June 2021, while an astonishing 89% of the homes which were sold had been on the market for less than a month.

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Mortgages Sales Loans Marketing 111

Toronto Realty Blog

JUNE 20, 2022

The ironic part is, this house was leased for $900 per month. He got his ducks in a row early in the year and had a mortgage pre-approval with a 5-year, fixed rate of 2.79%. per month on a 25-year amortization. The property cost him $42,000. The monthly payments, on a 25-year amortization, were “only” $492.70.

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Principal Fixed-rate mortgage Pre-approval Mortgages 97

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. Rates for a 5 year and 10 year fixed are <2% and virtually the same. Happy Monday, folks!

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Pre-approval Construction MLS As-is 105

Toronto Realty Blog

OCTOBER 20, 2021

I noted in a CTV Your Morning interview last month that about 35% of the cost of a new condo is taxation. But as far as today’s blog post is concerned, let’s discuss the notion of “increasing affordability” which ultimately leads to increasing prices. Take a $750,000 condo in Toronto. Oh – and new taxes.

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Marketing Construction Land As-is 96

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. Service fee: Between 5% and 13% of your home sale price.

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Home sale contingency Sales Closing Short sale 107

Toronto Realty Blog

NOVEMBER 8, 2021

But for myself, my wife, and my 5-year-old and 20-month-old, the experience was beautiful! ” Have you ever seen a 20-month-old child run, full-speed, downhill? I think December 1st is the acceptable date, and if you really want to stretch it out, then November 25th, or one month of lead-up to Christmas, is fine.

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Sales MLS Marketing As-is 91

Toronto Realty Blog

MARCH 14, 2022

Anybody read this in a previous blog post? 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.” I started selling real estate in 2004. Any guesses? So what if you sold first?

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Pre-qualification Sales Closing Equity 77

Toronto Realty Blog

NOVEMBER 26, 2021

” But if you recall my blog post, I didn’t take issue with the fact that the Toronto Star seems to believe that Realtors shouldn’t be allowed to invest in real estate, but rather that they’re seeking to blame Realtors, at least in part, for increasing the price of real estate, instead of investigating actual causes.

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Investor Banks Development Construction 87

GeekEstate

AUGUST 4, 2022

Below is a wrap-up for the month of July with the most interesting analysis & commentary from the GEM. Or substantially different, but I don’t think a minimum of $5 (rather than $100) or multi-family is enough. Founded: 2018. The post Geek Estate July Monthly Radar 2022 appeared first on GeekEstate Blog.

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Purchase and sale agreement Technology Brokerage Agents 112

Toronto Realty Blog

MARCH 30, 2022

I read the comments on the blog most of the time, just so you know. I recognize how political in nature my blogs have become and while this might have come with age and maturity, I also think it’s a by-product of where we are as a society, and how much the topic of “real estate” affects us. TorontoRealtyBlog.

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Purchase and sale agreement Inspection Finance Construction 74

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. M & N were long-time blog readers, long-time Torontonians, but will now be new-Burlingtonites.

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As-is Sales Mortgages Finance 57

GeekEstate

AUGUST 11, 2022

Founded: 2018. Its audience is a massive distribution advantage that would cost a startup hundreds and hundreds of millions of dollars, and 5-10 years, to capture. The post Blueprinting Proptech: Foxy AI appeared first on GeekEstate Blog. Total funding: $2 million. Last funding: Seed led by Hyperplane (November 2021).

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Renovation Staging Technology Design 118

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

HomeLight

DECEMBER 2, 2022

Viktor Jiracek started his family business in 2018 and became incorporated in 2020, but he has been interested in real estate since the tender age of 14. The company has a 5-star average rating from more than 50 reviews on Google. 5 on BBB and 4.6/5 5 on Google Reviews. 5 on BBB and 4.2/5 5 on Google Reviews.

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Purchase and sale agreement Closing costs Closing Investor 91

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

HomeLight

OCTOBER 17, 2022

Back in 2018, Shaheedah Hill was a real estate agent and a teacher. ” Because school got out at 2:00 or 2:30, and I was picking them up like at 5:59, and the afterschool program stopped at 6:00. Shaheedah: So I tried Zillow for about two months. I had one lead from the two months. Matt: That was 2018.

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Agents Principal As-is Marketing 109

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. 4) Prices Outside The City Of Toronto.

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Development Purchase and sale agreement As-is Marketing 81

HomeLight

JUNE 20, 2022

Back in 2018, Shaheedah Hill was a real estate agent and a teacher. ” Because school got out at 2:00 or 2:30, and I was picking them up like at 5:59, and the afterschool program stopped at 6:00. Shaheedah: So I tried Zillow for about two months. I had one lead from the two months. Matt: That was 2018.

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Agents Principal As-is Marketing 75

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