toronto real estate: Toronto Home Sales off to a strong start in 2012 - 01/17/12 08:16 PM
We are starting a New Year with Resolutions and Optimism! And an price increase of 8.5% averaged over last year.
The first real estate post that I notice is that "the eventual increase in interest rates will lead to a decline in home prices (probably in the magnitude of 10% - 15%)" http://research.cibcwm.com/economic_public/download/if_2012-0116.pdf The ink was barely cold on the presses when the pundits were howling about interest rate increases. When the Bank of Canada announced only 3 days earlier. http://www.cbc.ca/news/business/story/2012/01/13/f-mortgage-rates-record-low.html
TORONTO, January 17, 2012 – Greater Toronto REALTORS® reported 1,506 sales through the TorontoMLS® system during … (6 comments)
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toronto real estate: Updated Home Finder Service in Toronto - 07/26/11 10:30 AM
I would like to talk to you about our newest Home Finder Service. We are able to email you the newest listings, hot off the press. We are still in a competitive market. Toronto Ontario Canada. You can view these listings in the comfort of your own home, have a look at the pictures, Ask me to have a look at the property. Go out and see it for you.
When we find the perfect home. You will ask, I hope, for some insights from me about, What has sold recently in the neighbourhood... What is the same that justifies … (0 comments)
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toronto real estate: 2011 Real estate will be resilient in Toronto - 01/07/11 07:14 PM
Hello,
There is an incredible enthusiasm and renewed optimism this year! Year end numbers make us almost the same as 2009 and 2010! With a complete lack of homes for sale and construction is in full gear for condos; I don’t see it changing soon. Prices will continue to rise as Buyers compete to buy what is listed.
Read for yourself Market Watch Update for January 06, 2010 Additional details for the complete market Watch are available here
Try google for Homes West Toronto and my name appears as the third auto complete entry; This is tangible proof that my … (4 comments)
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toronto real estate: Is there a Housing Bubble for Toronto? - 12/10/10 12:31 PM
Yes, coming to a City Near you! The overheated housing market is causing a housing bubble and the impending fall of real estate values because of housing affordability. No matter how many times this headline is repeated it does not become the truth. No matter the sources that post on this topic the inherent facts within the Toronto real estate market continue to defy the media pundits calling for it's demise. I have three simple answers; inflation, immigration and consumer confidence. Here are my sources of rebuttal; Canada’s residential housing sector is landing safely after a wild ride over the past … (0 comments)
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toronto real estate: Lets Update the Toronto Real Estate Market - 10/09/10 05:09 PM
I want to keep you updated with the Fall Toronto Real Estate Market. There have been many negative stories in the media recently about how the market is “slipping” or that “prices in a housing bubble”.
Here is some interesting news that will take another week to be released to the media .... & because it isn’t Headline grabbing doom and gloom, they likely won’t report it. After reviewing the latest sales figures for the Toronto Real Estate Board;
We are continuing in a “SELLER’S MARKET”!
In the entire Toronto area as a whole, we currently have a 3 month’s supply … (2 comments)
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toronto real estate: Executive Custom Built Home 3,800 sq - 03/02/10 01:06 PM
Executive Custom built home central Etobicoke
High Traffic busy location with central location just steps to the Kipling Subway station this property is new and ready for your meticulous inspection and final trim details. The Kitchen is adorned with double stainless steel oven, warmer, 6 burner Jennaire, industrial water supply over stove, granite counter tops and Island, small subway tile backsplash.
Jack and Jill share a Bathroom, Step down to fourth bedroom over the garage, Large Master bedroom with wall art. Hardwood floors through out. Wonderfully sized full size bath ensuite with toilet bidet, double sink vanity, walk … (1 comments)
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toronto real estate: Etobicoke Executive Custom Built Home 3400 sq ft - 03/02/10 12:31 PM
Executive Etobicoke Custom Build with a wonderful flow and generous family room. With this brand new custom built home at Kipling and Burnhamthorpe you still have an opportunity to customize the final trim details with the property, Kitchen has been laid out with granite counter top and under mounted sink, Cook tops and appliances are still your choice. Set the subway style ceramic surround you want for a custom backsplash. Exquisite Hardwood floors through out. Large Spacious Family room opens to the kitchen eating area. Incredible circular staircase with wrought iron spindles and hardwood trads and railing, OPen from the dramatic … (0 comments)
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toronto real estate: Toronto Real Estate Update mid Oct 09 - 10/17/09 12:05 PM
Thanksgiving is past, Halloween approaches, and the Toronto Real estate market continues unabated. Media is reporting the “hot market” mid-month check of the Toronto Real Estate Board stats. TREB has reported 4,002 sales so far in October which trends toward another record month; Home sellers are not putting their houses or condos up for sale to satisfy the available buyers. This vacuum is creating a cycle of endless multiple offers. As fewer are listed More multiple offers. Typically as a seasonally adjusted average the number of homes should increase between August and October. This year the numbers have actually decreased slightly. … (3 comments)
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toronto real estate: Lack of Homes for Sale Pushes Prices Up - 10/03/09 07:09 AM
The continuing lack of available home for sale is out of balance to for a city that is our size, Toronto. With fewer available units (homes) for immediate occupancy prices are being forced ever higher.
The strongest demand appears to be in the First Time Buyer starter Homes.
If you are considering a sale I need to meet with you. If you would like a value for your home to consider for the spring of 2010 click here. You will get TOP dollar for your home immediately. … (8 comments)
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toronto real estate: Are you preparing for this Shopportunity in Etobicoke and Mississauga? - 08/17/09 04:12 PM
To know where you want to go you must understand where you are, so that you can plan your journey. If there is no planning we are often dissatisfied with the results. In Real Estate that means you will be unhappy with what you bought, because you did not answer the basic questions. Where do you want to live and why?
Lets recap: The Sky has Fallen, The Sky is Falling, The Bubble will Burst, The Bubble has burst, The recession is coming, the recession is over. The World will end with the Mayan Calendar on December 12, 2012. The problem … (1 comments)
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toronto real estate: Advertising Dollars to Promote your Home - 05/10/09 08:08 AM
Sellers decide who they will list with based on their perception of the neighbourhood specialist or the marketing plan of the agent. Maybe you have chosen the agent based on a referral from a friend or family member. Each promises you exactly what you need to hear or perceive to have value.
With 20 years of selling in west Toronto, Mississauga I have used various publications over the years to garner new followers and am always looking for a specialized medium that will bring new fresh eyes to my ads.
The internet has replaced my conventional newspaper advertising spots. The internet can provide a dedicated … (1 comments)
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toronto real estate: Could you digitize Condominium Documents Please - 04/24/09 02:41 AM
A Status Certificate is ordered on the resale of each condominium unit that is resold in the Toronto Real estate market. The Status Certificate costs $100.00 in Ontario, a cost borne by the seller in a normal transaction. The condominium corporation is bound to comply within 10 days. Usually there is an additional period of 3 days for you to examine the documents.
The Actual Status Certificate contains the current operating budget with existing and future proposed expeditures (spending); Notes about any proposed special assessments and changes in financial status. Condominium Documents are a standard package that include the Rules and Regulations of the … (2 comments)
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toronto real estate: As a Landlord.... Thou Shalt Not - 04/23/09 11:17 AM
Larry the Landlord has owned this property for more than 20 years. In the last 10 years the same tenant (Tina the Tenant) has been the occupant.
Since Tina the Tenant paid relatively well, Larry the Landlord hasn't kept pace with all the allowable rental increases available from the Landlord Tenant Tribunal.(LTB)
Larry has been watching the real estate market in west Torontorather actively and finally felt the time was right to part with the challenge and obligation of looking after a rental property. He struck up a conversation with Tina about whether they might be interested in purchasing the property as they … (0 comments)
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toronto real estate: The Time is Right for First Time Buyers - 04/14/09 09:09 PM
TORONTO - Low mortgage rates and more affordable homes in many markets are pushing first-time home buyers to enter the market in droves, Canadian real-estate experts say.Phil Soper, president and chief executive of Brookfield Real Estate Services (TSX:BRE.UN), said that when the Canadian housing market was hot, bidding wars forced many buyers to put in offers without conditions to increase their chances of being accepted.This, combined with unprecedented increases in home prices in many parts of the country, scared many first-time buyers out of the market, he said."When first-time buyers stop entering the market it's like sand in the gears of … (2 comments)
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toronto real estate: The Sky didn't fall! Toronto Real Estate Results - 04/07/09 12:09 PM
March Resale Housing Results Bring Positive NewsTORONTO, April 6, 2009 - In March 2009, Greater Toronto REALTORS® reported 6,171 sales - down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 - down less than five per cent from the same month last year."The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months," commented TREB President Maureen O'Neill."In fact, over the past two months, the situation in the housing market has improved."The seasonally-adjusted annual … (1 comments)
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toronto real estate: Falling Behind with Mortgage Payments? - 03/28/09 08:55 AM
CMHC Launches Campaign to Help Homeowners
Canada Mortgage and Housing Corporation (CMHC) launched a consumer outreach campaign to help borrowers understand the importance of working with lenders to find manageable solutions if they are facing financial difficulties in repaying their mortgage loans.
"CMHC has a long tradition of offering mortgage default management tools to lenders to help them assist homeowners whose financial circumstances have changed. We want to remind people that the best course of action is to speak to their lenders at the first sign of financial difficulty. With early intervention, cooperation and a well executed plan, you can work … (2 comments)
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toronto real estate: GST & PST Harmonized - That will help the real estate market in Toronto - 03/26/09 05:23 PM
Well, it seems to be official. The Ontario Government has decided to harmonize the Provincial and Federal Sales Taxes. July 01st, 2010 the tax Kicks in.
Stephen Dupuis, president of the Building Industry and Land Development Association, pointed out that buyers of new homes would be hit particularly hard if Ontario harmonized the PST with the federal GST. See previous Posting
On a $350,000 new home, he wrote that the consumer would have to pay an additional $17,920. But it's not just buyers of new homes who would be affected by a merging of the two taxes. Buyers and sellers of resale homes … (3 comments)
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toronto real estate: Time to Finger Print Ontario Home Sellers? - 03/24/09 08:11 AM
Chicago Home sellers will need to be finger printed
To help combat real estate fraud the city of Chicago is requiring starting June 1st that homesellers provide a fingerprint.With rampant fraud occurring in the city, this is not a bad idea. But being a libertarian, the idea of a government official taking my fingerprint disturbs me. I would like to see that these fingerprints be destroyed after a period of time.Fingerprinting is something we often associate with crime. So the fact that Cook County home sellers will soon have to provide a thumb print left some people shocked."I wouldn't like … (1 comments)
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toronto real estate: Home Renovation Tax Credit Tango Kitchen's Renovations - 03/13/09 01:05 PM
The recently announced Home Renovation Tax Credit may be of interest to people considering the renovation or upgrade of their kitchen. The kitchen is not only the focal point for all your family gatherings but is the most identified feature about your property that buyers are looking at when considering your home as a purchase. I recently came across a business, Tango Kitchens, in Woodbridge that is using the Home Renovation Tax Credit to their advantage. They are offering to match the Tax Credit as a rebate to those who are hesitating to spend money to improve their homes. The Rebate … (1 comments)
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toronto real estate: Market Observations Toronto Real Estate - 03/05/09 10:22 PM
While everyone is concerned about job losses and the declining number of sales a curious thing is happening.Greater Toronto REALTORS® Reported 4,120 Resale Housing Transactions in FebruaryMarch 05, 2009 -- Toronto Real Estate Board Members reported 4,120 sales in February 2009 compared to 6,015 sales recorded in February 2008. The average home price was $361,305 last month compared to $382,048 during the same month last year.That's not a very long banner.BUT the details are what is interesting;In the West section ( that I serve) Last year Feb 08, we had 7,359 listings with 2,358 sales. A ratio of approximately one in … (0 comments)
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