Toronto Realty Blog

JUNE 9, 2021

Now let’s say that a comparable unit across the street in a different building, without that poor track record, costs $525,000 but also rents for $1,650 per month. When we left off in March, we were coming off a month of February that saw a decrease in new lease listings from 2020. I understand risk tolerance, believe me.

Marketing 93

Marketing As-is Closing Investor 93

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.” Say that, three times fast… Nevertheless, September saw only 1,772 new listings which is actually fewer than we saw in 2019.

Marketing 94

Marketing As-is Agents Land 94

Toronto Realty Blog

JUNE 29, 2022

Well, as JF007 wrote on Monday: …so a thousand listings reviewed to get 6 such scenarios so a.6% 6% rate meh. 6) The buyer’s 2.79% mortgage rate hold expired. So let’s now introduce a concept called anticipatory breach , which I wrote about on my blog in full back in 2019, HERE. Nothing matters.

Closing 108

Closing Purchase and sale agreement As-is Sales 108

Toronto Realty Blog

FEBRUARY 3, 2021

I’ll be honest here: I had originally selected a different photo for today’s blog. As I write this blog on Tuesday afternoon, I’m currently involved in a 31-offer melee on 10 Fennings Street in Queen West. As Monday’s blog post detailed, the Toronto condo market is on fire. TorontoRealtyBlog.

Marketing 122

Marketing As-is Agents Sales 122

GeekEstate

JANUARY 4, 2021

At the beginning of this month, my team and I at TheHouseMonk launched the Global Coliving Report 2020. It was the culmination of several months of research within the coliving industry around the world, and us trying to understand how the industry dealt with this impact. in 2019 stood at a market value of $7.9B

Staging 87

Staging Industrial Finance As-is 87

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

OCTOBER 5, 2020

But when you’re sitting there at 6:45pm with a 92% “chance to win,” according to Yahoo, you’d like to feel confident. 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? The anticipated repair projects include: 2019.

Loans 89

Loans Construction Agents As-is 89

A Student of the Real Estate Game

MAY 20, 2020

Here’s what I predicted in a blog post on March 22nd. Delinquency at our stabilized deals will jump from 1-3% to 10-50% and vacancy will grow from 4-8% to 10-30% over the next 3-4 months. During the heart of the pandemic, collections have been nearly in-line with 2019. . New leasing will come to a screeching halt.

Closing 69

Closing 69

Toronto Realty Blog

OCTOBER 7, 2020

When I was 6-years-old and my father sent me to Camp Kawabi, with all the other 7-year-olds, they were all diving from the “Tower.” The one that looked like it was eighty-feet-tall when you were 6-years-old? I was 6-years-old. year-over-year; from 7,791 in September of 2019 to 11,083 in September of 2020.

Sales 53

Sales Marketing As-is Closing 53

Kyle Handy

JANUARY 2, 2023

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 Also, note that in 2019 the uninsured penalty for not having insurance was removed under the Tax Cuts and Jobs Act.

Agents 105

Agents As-is Finance Inspection 105

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

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. – 6) Ban foreign buyers for two years.

Marketing 96

Marketing Construction Land As-is 96

Toronto Realty Blog

JANUARY 14, 2022

But I find it ironic, looking back, that I was a fan of “The British Bulldogs” tag-team (I had their pajamas when I was 6-years-old), and then of Bret Hart, but I never knew that they were all family. A few months ago, I watched a biography of Bret Hart on A&E on an otherwise uneventful Saturday night. Imagine that?

Agents 88

Agents As-is Land Sales 88

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. By comparison, iBuyer companies in 2019 represented about 0.5%

Home sale contingency 108

Home sale contingency Sales Closing Short sale 108

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. The number of packages that residents receive each month is also increasing, with 39% receiving on average 1-2 packages per month, and 34% receiving 3-5.

As-is 56

As-is Branding Residential Property Management 56

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. appeared first on Toronto Realty Blog. Case in point: home ownership rates in Canada are increasing.

Pre-approval 105

Pre-approval Construction MLS As-is 105

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 years 2020-2024 were always going to be different from 2008-2019. The velocity of inventory rising in the next three months is limited. months isn’t going to do that.

Marketing 395

Marketing Lending Short sale Equity 395

Calculated Risk Real Estate

JANUARY 2, 2024

Earlier I posted some questions on my blog for next year: Ten Economic Questions for 2024. Some of these questions concern real estate ( inventory, house prices, housing starts, new home sales ), and I’ll post thoughts on those in the newsletter (others like GDP and employment will be on my blog). The Composite 10 SA was up 5.7%

Fixed-rate mortgage 123

Fixed-rate mortgage Sales Equity Closing 123

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

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

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

Toronto Realty Blog

AUGUST 9, 2021

Before I get into last month’s real estate statistics, I first need to provide a brief refresher on the 2020 real estate market. But it wasn’t until April that we saw how much the pandemic had affected the market, with only 2,975 sales, compared to 9,042 in April of 2019; a 67% decline! This was down 54% from May of 2019!

Sales 94

Sales Marketing As-is Investor 94

GeekEstate

JUNE 16, 2022

I was previously the Cofounder and CEO of Spacio, the industry-leading open house lead gen solution that was acquired by HomeSpotter in 2019. Companies are using eWebinar to run over 100 webinars every single month without a live host. The post Meet The Real Estate Tech Entrepreneur: Melissa Kwan appeared first on GeekEstate Blog.

Industrial 122

Industrial Technology Closing Sales 122

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 2019: 0.29%. TorontoRealtyBlog. Q3 of 2020: 0.29%.

Land 84

Land Development Pre-approval Banks 84

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. Previous lease: $2,795, April of 2019, 31 DOM.

Marketing 73

Marketing MLS As-is Agents 73

Toronto Realty Blog

SEPTEMBER 7, 2021

When I look back at how COVID has affected the Toronto real estate market over the past eighteen months, I’m amazed. To see the August, 2021 average condo price check in at $720,832, which is more than the month of May, is downright shocking. Call me biased, but I see 2021 looking a lot like 2019. ” But is it?

Marketing 98

Marketing As-is Land Brokerage 98

HomeLight

JUNE 22, 2023

Then let’s say you gross $8,333 per month. If you wanted to upgrade to a more expensive home, and planned to go up to 43% DTI, you could afford $2,783 per month considering your other debt payments. However, the home a person can afford isn’t cut-and-dried; it varies from buyer to buyer. That number will be your debt-to-income ratio.

Debt-to-income ratio 96

Debt-to-income ratio Mortgages FHA loan Loans 96

Toronto Realty Blog

JANUARY 15, 2024

Early prediction: January of 2024 will see the fewest sales EVER in a month of January. The “First Time Home Buyer Incentive” or FTHBI was launched in September of 2019 to much fanfare. This policy was introduced in September of 2019. And what was that thing that happened in October of 2019?

MLS 71

MLS Agents Pre-approval Brokerage 71

Toronto Realty Blog

JANUARY 18, 2023

properties which were unoccupied for six months or more during the previous calendar year). 5 months owner occupied plus 2 months vacant plus 5 months being renovated, would still be classified as a vacant dwelling and require a tax payment since no single use lasts the minimum six months).

Purchase and sale agreement 98

Purchase and sale agreement Residential Land Renovation 98

Toronto Realty Blog

JANUARY 6, 2021

Last month, in my “Top Ten: Real Estate Stories of 2020,” I reckoned that the #2 story of the entire year was the condo market. 416 Condos: November, 2019: $659,855. TRREB: November, 2019: $843,637. The post Top Ten: Burning Questions For 2021 (Pt2) appeared first on Toronto Realty Blog. A rough ride.

Fixed-rate mortgage 119

Fixed-rate mortgage Banks Lending Mortgages 119

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. I don’t want to talk about “Are agents worth 6%?” Yet commissions have not substantially changed from the commonly accepted 6%.

Brokerage 77

Brokerage Agents Pre-approval Industrial 77

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? Even if mortgage delinquencies doubled , we’d still only be back to 2019 levels.

Marketing 80

Marketing Land Development Banks 80

Boom Town

DECEMBER 18, 2018

Moving into 2019 the #1 buzz in the biz is undeniably the shifting market. In August 2018, the YoY increase in median home price dropped below 6% for the first time of the year, and rate-of-increase decelerated for the 5th month in a row. month-over-month, however year-over-year it was a 5.1% trillion this year.

Agents 58

Agents Marketing Staging Sales 58

Toronto Realty Blog

SEPTEMBER 10, 2020

I’ve been making waves here for over a month, not because I’m pessimistic or because I’m anything but bullish long-term, but rather because I see what’s happening out there. But I’ve talked continuously over the last two months about how resilient the freehold market is, so why are condos any different?

Marketing 69

Marketing Sales As-is Agents 69

Toronto Realty Blog

OCTOBER 2, 2020

You know I’m not really a “guest blog” type person. But a colleague of mine, Ken Davenport, from Sutton Group Incentive Realty, has put together an unbelievable analysis of 2019-2020 sales. Overview: I recently reviewed 427 lakefront homes which for sale between January 1st 2019 and September 24th, 2020.

MLS 57

MLS Brokerage Sales Agents 57

Toronto Realty Blog

JANUARY 1, 2022

Well, maybe Thursday’s blog was a mouthful. All that time off over the holidays without an outlet for my thoughts – both about real estate, and not, and you had to know that the first blog back in January would be lengthy. It’s blogs like these that often make me feel guilty of being unoriginal, however.

Construction 101

Construction Investor Equity Land 101