With all the happenings with Mayor Rob Ford other local issues/stories have been pushed wayside. The real estate market is still marching forward and we should expect some slower sales within the next 6-8 weeks as people switch their mindset to holiday mode.
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Unfortunate occurrences are taking place in the Toronto real estate market when buyers have a change of heart after inspecting a home. The sellers are refusing to return the deposit.
Read MoreI like the fact that at 7am there is daylight again but evening darkness at 5pm is tough.
Believe it or not this has an impact on the real estate market. Quite simply, homes are better to be viewed during daylight hours. Showings tend to slow down and fewer sellers put their homes on the market for sale.
Read MoreLast week I was involved in 3 separate multiple offer situations. Unfortunately we were not able to secure a winning bid in any.
Read MoreThe Bank of Canada has recently forecasted that the Canadian economy is expected to perform at a slower pace than previously anticipated for the next 3 years. As a result, federal interests have been left alone and are not expected to increase in the near future.
Read MoreThe market supply for resale free hold homes is still quite low. In addition we are starting to see the condo market move higher as well.
Read MoreHere are 5 questions to ask when buying a new home from a builder to make sure that you do not make a mistake that you will regret later…
Read MoreGood afternoon everyone. What a glorious Saturday we are having in mid-October. I wanted to send this out before the weekend got away from me. Enjoy.
Read MoreGreater Toronto Area REALTORS® reported 7,411 residential sales through the TorontoMLS system in September 2013, representing a 30 per cent increase compared to 5,687 transactions reported in September 2012. Year-to-date, total residential sales reported through TorontoMLS amounted to 68,907 during the first nine months of 2013 – down by one per cent compared to the same period in 2012.
Read MoreLast/This week I was involved in 3 offer night presentations.
1. I was representing buyers who had been searching for several months and we had already made about 4 offers on other homes that got outbid (some by a wide margin)
§ All of our offers were within reason of what the sale price range should have been based on other recent sales. No conditions.
§ Last Monday we placed another offer and were successful! We actually found out (after) that our offer was $3000 less then the competing bid, but with no conditions it became more attractive than the higher priced offer that may not actually firmed up.
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