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

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.

Marketing 70

Marketing Land Sales Agents 70

Louisville Homes

AUGUST 6, 2020

Each month we create our Louisville real estate reports for you free of charge. That’s two straight months with more sales than the previous year. For the month, there were 1,304 properties sold. While not groundbreaking, this is solid growth after two very down months—April and May. This is a 6.3% to $225,000.

MLS 86

MLS Sales As-is Marketing 86

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.

Agents 98

Agents Closing Industrial As-is 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.

Marketing 94

Marketing As-is Agents Land 94

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

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.

Purchase and sale agreement 77

Purchase and sale agreement Finance Closing Brokerage 77

Toronto Realty Blog

APRIL 27, 2022

Seriously, only a sprinkle of comments on Monday’s blog post? Or last few months even. Phase 3 is set to be completed next year and thus far has included: 20 Tubman Avenue (2019). But what about Phase 4 and Phase 5? Well, this was put out to tender in 2019. TorontoRealtyBlog. Why so quiet? 25 Nicholas Avenue.

Pre-approval 91

Pre-approval Construction Development Commercial 91

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. on May 24th, 2019.

Closing 108

Closing Purchase and sale agreement As-is Sales 108

GeekEstate

JUNE 8, 2021

That represents a four-fold increase, more than the 59 new companies created in 2019. SPACs raise money from investors, and once the company goes public, sponsors have to secure a merger within 24 months. The post 5 Reasons Why PropTech SPACs Are on the Rise appeared first on GeekEstate Blog.

Investor 104

Investor Equity Finance Technology 104

Kyle Handy

JANUARY 2, 2023

Attend local events 5. Create a blog 30. You can hire a bookkeeper, which will run you around $300 per month, or learn how to do your bookkeeping and use a tool like Quickbooks Online. For 2019, the standard mileage rate is $.58 The simple method is to multiply the room’s square footage by $5 (maximum of $1500).

Agents 105

Agents As-is Finance Inspection 105

Toronto Realty Blog

MAY 18, 2022

Perhaps this could have been included in Monday’s blog as a third tenet, except that this isn’t “new legislation,” nor is it going to kill condominium development. Now having said this, the actual point of today’s blog was supposed to be about development charges in the city of Toronto. Well, 48.8%.

Development 87

Development Purchase and sale agreement Land As-is 87

App Folio

OCTOBER 12, 2020

The value of living in a large metropolitan city with benefits, such reliable public transport, entertainment, and great restaurants has lessened in the last six months. According to the New York Times , in July there was a 44% increase in home sales for suburban counties surrounding New York City compared to 2019.

As-is 116

As-is Marketing Sales Property Management 116

Easy Agent Pro

SEPTEMBER 22, 2020

“Gen Z consumers who took out a mortgage … rose by 112% from the second quarter of last year to the second quarter …” of 2019, according to the report. These pain points serve as brilliant fodder for blog posts, social media shares and more for the agent who hopes to pursue Gen Z homebuyers: Few understand the homebuying process.

Finance 106

Finance Agents Mortgages Investor 106

Toronto Realty Blog

NOVEMBER 20, 2020

on a month-over-month (m-o-m) basis in October. Among the larger markets, activity was up on the month in Montreal, the Fraser Valley, Calgary and Edmonton. It was a new record for that month by a margin of more than 14,000 transactions. from the first 10 months of 2019. year-over-year (y-o-y).

MLS 73

MLS Sales Marketing As-is 73

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.

Sales 91

Sales MLS Marketing As-is 91

Realty Biz

JULY 25, 2022

This means even 1% of visitors coming back 5 times in the last month is still a good number. As you monitor your website’s referral traffic, the first thing you’ll notice are the key referring sites that send you traffic, like social media profiles and directories, guest blogs, and online publications. 2019, January 29).

As-is 89

As-is Marketing Technology Design 89

Toronto Realty Blog

JANUARY 11, 2024

In actual fact, most believe that 2025 will the “year of reckoning,” since the 0.25% Bank of Canada key interest rate began in 2020, and an overwhelming majority of borrowers elect to take a 5-year fixed-rate mortgage, above all else. My threshold is 5%. I’m on a 2.59% fixed-rate mortgage. It can’t.

Fixed-rate mortgage 73

Fixed-rate mortgage Banks Mortgages Construction 73

Toronto Realty Blog

MARCH 10, 2023

Prices will level out a few months later—provided the Bank of Canada is done raising interest rates. ” Neutral: “Prices will level out a few months later.” to -6% in Alberta and -5% in Newfoundland and Labrador. .” We think activity will hit bottom sometime this spring. Sales have rebounded!”

Title 83

Title Banks Sales Construction 83

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.

Home sale contingency 108

Home sale contingency Sales Closing Short sale 108

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 10-year Challenge (2009 vs. 2019). The Apple Peeled Blog , February 12, 2019.

Marketing 59

Marketing Banks Mortgages Loan Officer 59

Toronto Realty Blog

OCTOBER 5, 2020

But before we delve into that delectable dish of BS, a brief refresher, or two, is needed… Were you reading Toronto Realty Blog in 2014? I wrote about this on my blog, and the s**t hit the fan. The anticipated repair projects include: 2019. 5) The interest is payable each month. TorontoRealtyBlog.

Loans 89

Loans Construction Agents As-is 89

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.

Marketing 96

Marketing Construction Land As-is 96

Toronto Realty Blog

JANUARY 14, 2022

A few months ago, I watched a biography of Bret Hart on A&E on an otherwise uneventful Saturday night. 5) The property is an investment and they’re taking their profits. “Jake,” as we’ll call him, had purchased his home in the fall of 2019. The family’s story is torturous at times.

Agents 88

Agents As-is Land Sales 88

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.

As-is 57

As-is Sales Mortgages Finance 57

App Folio

NOVEMBER 19, 2019

At the 2019 NMHC OPTECH conference, they recently released fascinating new research on the preferences of apartment dwellers heading into the new year. 64% of renters currently get their entertainment at home from streaming services, while only 43% have cable, only 5% have an HD antenna, and only 4% satellite. Secure Package Delivery.

As-is 56

As-is Branding Residential Property Management 56

Toronto Realty Blog

MAY 31, 2023

per month mortgage fee there’s principal and there’s interest. This unit sold one month ago. On a 5-year, fixed rate mortgage of 4.79% (the prevailing rate today), with a 30-year amortization, the monthly mortgage payment is $2,689.49. Shall we look back at……say… 2019 ? That was 2019.

Fixed-rate mortgage 14

Fixed-rate mortgage Principal Investor Mortgages 14

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!

Pre-approval 105

Pre-approval Construction MLS As-is 105

Toronto Realty Blog

MARCH 4, 2024

I wanted to call this blog “Monday Morning Quarterback: Hate To Say I Told You So,” but it seems I’ve done that bit before… January 22nd, 2021: “The Friday Rant: Hate To Say I Told You So!” perhaps Billy Joe Armstrong’s best-known work could lend a title to today’s blog. Good Riddance.

Equity 85

Equity Purchase and sale agreement Mortgages Lending 85

GeekEstate

AUGUST 4, 2022

Below is a wrap-up for the month of July with the most interesting analysis & commentary from the GEM. It’s really a re-launch though, since I set up my original profile back in 2019, and bought my first share of a rental property in 2020. The post Geek Estate July Monthly Radar 2022 appeared first on GeekEstate Blog.

Purchase and sale agreement 112

Purchase and sale agreement Technology Brokerage Agents 112

Calculated Risk Real Estate

NOVEMBER 8, 2023

And I track inventory and sales for 40+ local markets each month. I disagreed, and the steady level of inventory helped (see orange arrow above): Bill McBride, who runs the Calculated Risk blog and also called the crash, doesn’t think home prices are inflated this time around. months in September 2023.

Lending 122

Lending Sales Construction Mortgages 122

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. ” 2019: Help. TorontoRealtyBlog. Intimately.

As-is 96

As-is Marketing Title Agents 96

Toronto Realty Blog

AUGUST 6, 2020

My goodness, remember this blog post? ” That was March of 2019, yet it feels like yesterday. 5% tax on any profits after five years. This story was somewhat quiet for the remainder of 2019 and into 2020. But this time around, the conversation affects each and every person reading this blog. TorontoRealtyBlog.

Equity 144

Equity Land Development As-is 144

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

GeekEstate

DECEMBER 22, 2020

Two startups launched in the past eighteen months have seen early success. Block , launched in early 2019, has raised $21.5 How many of them would spend a few weeks on a renovation without posting at least 5-10 pictures? The post Outfit: Not Boring Investment Memo appeared first on GeekEstate Blog. Outfit is early.

Renovation 91

Renovation Construction Staging Design 91

Toronto Realty Blog

MARCH 29, 2021

How about some headlines from this past month? But here’s an actual person, commenting on Garth Turner’s blog post, detailing his patience as it pertains to the “bubble burst.” Toronto Realty Blog on February 18th, 2008: “Is the Market In Trouble?” The bubble. Did you know that? Waiting.

Marketing 126

Marketing Banks As-is Finance 126

McKissock

AUGUST 20, 2021

Homebuying demand begins to ease up a bit, with 5% of home sellers dropping their price in recent weeks. Builder confidence sinks to a 13-month low. 5% of home sellers dropped their price in recent weeks. ” The average share of homes with price drops each week has now passed 5%, its highest level since fall 2019.

Lending 68

Lending Construction Finance Design 68