If Real Estate Experts Knew Anything, They would sell Everything Now!

If Real Estate Experts Knew Anything, They would sell Everything Now!

Why does everybody have an option about what is going to happen in the real estate market in Canada? It is a story that is not going to go away. An abundant of money tied up in the Real Estate. Every facet of life is intertwined with Real Property.

I must read or talk to somebody about their opinion about what is going to happen everyday. It doesn’t matter how many houses you have sold, or how many projects you’ve backed, or how long you’ve bought or sold Real Estate, the truth is, nobody can predict any future, and nobody knows when or where anything is going to happen. If they did, they would rule the world. So far, nobody has ruled the world, especially in Toronto. They are just getting lucky until this point.

A good prediction of the market is that the pendulum sways in both directions, and will probably again, or it might not. There are many indicating factors for it dropping, but until this point it hasn’t.

Think about it, if anybody knew when and where the market will drop, they would sell every single piece of Real Estate they own, especially now at this high price and wait for it to drop. They would then buy it again when the prices are low. So far, everybody is holding on to their houses and condos, even investors and Real Estate agents. Why, because nobody will know what happens until it happens.

If somebody says they know what is going to happen, they are liars, and its their bullshit ego talking.

READ RECENT BLOG & ARTICLE POSTS BELOW

Over Rated Home Features

When I do an open house or put a house up for sale, I always get a few questions about features that I always say, why do you want that. Here they are: 1. Central Vacuum: Why do you want to lug around a snake and try to clean the house? Its simple, its called Dyson....

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Uber is Not Like Real Estate!

I read articles all the time written by Real Estate agents who are trying to convince themselves that we are in a good business to be in, and that it is necessary to use an agent for every transaction. In Toronto, put up a sign and your property will be sold by the...

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Transit Solutions Would Help Lower GTA Prices

One thing that can truly help lower GTA prices are some major transit solutions. It is apparent that the GTA market and all of the surrounding areas have gone buck wild in the past few years, and especially in the last few months. So many sales records have been...

read more

Why You Should be Underpricing Your House For Sale?

Its all about quantity and impression.When people are buying a house, they get into some-what of a HEAT! Underpricing Your House drives that heath up. I would call it a hunter gatherer mind set. Buyers are constantly on the hunt, and one thing that I've noticed is...

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Would You Go Into a Court Without a Lawyer?

Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

read more

Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market.    The middle & lower class does not like the fact that they cannot afford any real estate at...

read more

Tesla’s Solar Roof Powered Shingles

Solar roof panels are the ugliest feature to attach to your house. I tried to sell a house once with solar panels and nobody wanted to even think about it. The panels were bulky and ugly, and the technology to save the power to batteries was messy and confusing.   ...

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The Risk of Waiving a Home Inspection

If you put an offer on a house that goes into multiple offers, chances are you must waive two conditions: home inspection, and financing. We will deal with financing next week, but for now lets talk about the home inspection clause. In the 80's there was no such thing...

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Mild Winter Will Lead to Increase Sales

Mild Winter Will Lead to Increase Sales

So far here in Toronto, we have not really seen a heavy downfall of snow like we saw last year. If this year turns out to be a mild winter like we saw a few years ago, we may see a mini boom in Real Estate, more so than we have already seen this year.

While there may be a heavy winter in our future, we have yet to see that. A few conditions that may lead to increase prices and furthermore bidding wars to come.

1. Mild Winter:

People will sell their places when it is not as cold. When people are freezing they don’t feel like searching for properties. If the temperatures are bearable they will call their local agent and go see properties.

2. World Climate:

The world is on edge as of late, and one place that has been seen a refuge is Canada. Foreign investment is huge in this country and we may see more of that since investors around the globe will jump on the possibility of refugees, immigration and students coming into this country.

3. Low Interest Rates:

Interest rates continue to stay low, there is no indication of any major movement to higher rates.

4. High Demand:

If there are only a few properties available, there will be higher demand. In the past few years there has been a jump in demand after Christmas, and this year seems to provide the same atmosphere for a mini boom in January and February.

5. Investors Galore:

It seems like everybody is looking for a huge investment property. Investment in the city of Toronto is ripe and ready to steadily head up. I have seen no calming of investors and more investment groups setting up shop in Toronto and Ontario. This trend is going to continue and everybody is looking for that investment property.

Overall it has been a banner year for Real Estate, while we also get those crazy reports from TV and newspapers that interest rates may head up and real estate is going down, but I believe we will hit another year of craziness starting in January. If you’re looking to sell your property get it ready now.

READ RECENT BLOG & ARTICLE POSTS BELOW

Over Rated Home Features

When I do an open house or put a house up for sale, I always get a few questions about features that I always say, why do you want that. Here they are: 1. Central Vacuum: Why do you want to lug around a snake and try to clean the house? Its simple, its called Dyson....

read more

Uber is Not Like Real Estate!

I read articles all the time written by Real Estate agents who are trying to convince themselves that we are in a good business to be in, and that it is necessary to use an agent for every transaction. In Toronto, put up a sign and your property will be sold by the...

read more

Transit Solutions Would Help Lower GTA Prices

One thing that can truly help lower GTA prices are some major transit solutions. It is apparent that the GTA market and all of the surrounding areas have gone buck wild in the past few years, and especially in the last few months. So many sales records have been...

read more

Why You Should be Underpricing Your House For Sale?

Its all about quantity and impression.When people are buying a house, they get into some-what of a HEAT! Underpricing Your House drives that heath up. I would call it a hunter gatherer mind set. Buyers are constantly on the hunt, and one thing that I've noticed is...

read more

Would You Go Into a Court Without a Lawyer?

Buying a house and using the listing agent is like going into court without a lawyer to represent you. Each and every time I have a listing, I have somebody calling me asking me "what's the price if I don't have an agent and buys directly though me?" I always want to...

read more

Liberals Are Going to Tank This Market!

What is the one thing the liberals are looking for right now? Votes and money. The way that they will try to get both is to try and capitalize on this hot real estate market.    The middle & lower class does not like the fact that they cannot afford any real estate at...

read more

Tesla’s Solar Roof Powered Shingles

Solar roof panels are the ugliest feature to attach to your house. I tried to sell a house once with solar panels and nobody wanted to even think about it. The panels were bulky and ugly, and the technology to save the power to batteries was messy and confusing.   ...

read more

The Risk of Waiving a Home Inspection

If you put an offer on a house that goes into multiple offers, chances are you must waive two conditions: home inspection, and financing. We will deal with financing next week, but for now lets talk about the home inspection clause. In the 80's there was no such thing...

read more

A Lot Of Chatter: Prices Going Down

A Lot Of Chatter: Prices Going Down

Its seems as though everyday & every year around this time of year, there is a report that the prices of Real Estate in Canada will go down significantly. Last week there were reports from the money sector of the government that they think that Real Estate is over inflated by 30%.

Government: It’s funny that they thinks that because inevitably it is the government that controls the prices of Real Estate in Canada. They are the ones that have CMHC, and control their lending policies. They are the ones that control the interest rates and hold them low for so many years. They are the ones that control the policies regarding foreign investment in our country. Finally they are the ones that control the big banks.

Something has Changed: The oil prices have plummeted this final quarter of the year. The Canadian dollar has plummeted as well. The two factors which one is being championed by the average consumer, will inevitably drive the economy down, hence the dollar going down. The last time we saw the oil and dollar amount go down this much was in 2008, when the financial crisis exploded.

What Goes Up, Must come Down: While most of the country has slowed down, the major drivers of the economy have stayed relatively high. The last to dip a bit is Vancouver & Toronto. Alberta has slowed, and this is inevitable because the area is so reliant on the oil industry now.

Early Predictions for 2015: The interest rate will jump to 1% higher by the end of 2015, going up a .25 each quarter. The government will introduce tougher approvals for CMHC. The government will introduce new policies to slow the growth of Real Estate and bring the prices down. The prices will eventually slow down but not in Toronto & Vancouver, there is too much demand in those areas, but the suburbs will go down significantly in all of those areas.

Get Ready for Another Year of Price Jumps

Get Ready for Another Year of Price Jumps

rising-house-prices-toronto1

With One More Month to go in 2014, and another year of record increases in the GTA, get ready for another year of price jumps in Toronto and surrounding areas.

If you are looking to buy a place in Toronto, and surrounding areas get ready to pay more. If you are selling in Toronto, you will get record prices for your neighbourhood.
Now, these predictions always come with a disclaimer. Think of the CN tower as sort of a centre for the most money, and going north east and west, as a gage for properties to not get the same amount. The closer you are to downtown, the more your percentage will go up. The farther, well you get the idea.
With all this talk of record sales in Toronto, please don’t get your head too far up your keister to understand that every sale and property is different. There are exceptions to gains and neighbourhoods. Not everybody wants to live in high areas of crime in Toronto.
There have been reports that interest rates are going up a bit in May and that could cool the market a bit, but no matter what, there is no more room in Toronto, and a lot of Traffic getting worse coming into the city, and a lot of immigrants moving into the area. So get ready to pay if you’re moving downtown.
The Bubble is Not Bursting..  Here’s Why!

The Bubble is Not Bursting.. Here’s Why!

bursting a bubble

 

Everybody I speak to, says a few things to me since I’m a Real Estate Agent. People always ask “How’s the Market”? Its always good! They ask about bidding wars. They ask about crazy prices. I’ll then tell them an anecdote about my recent travels in Real Estate and then I always get the bomb from them. “I’m waiting for the bubble to burst so I can get a deal.” 

So far since 2008, nothing has fallen. In fact if I told you the prices of ten property prices today and went back in time to 2008, you would buy all ten and tell your brother, mother and sister to buy ten as well, In Toronto & GTA strictly speaking.
While the 30-40 year trends do go up and down, and they will go down a bit, and maybe yes one day crash, its not here today. Don’t hold your breath.
The next thing that people say to me is, I’m not sure I want to invest in a condo, there are too many. So yes there are a lot of condos now in Toronto and GTA, but heres the thing, like anything, houses, apartments, cars, dogs, girlfriends, wives, stores, agents, lawyers, there are a lot of, there are a lot of good ones, and a lot of bad ones. The bad ones will die and go bad, and the good ones will be hot spots and everybody will want to live there.
The condo market, like the housing market in General in Toronto is not going to burst for a few reasons. The main thing is immigration. There are two places that people go when they come to Canada. Vancouver and Toronto. Yes some like the wilderness and will travel to Quebec and places like that, but the majority will come to Toronto. When they come to Toronto, what are they going to live in? A house? The average for a house in Toronto is a million dollars.
When my parents came here, they came to Toronto and bought a detached, and they bought it with their siblings. Really those days are over, many people coming here come for independence, and condos are the step in to the housing market here.
Here are some stats from Stats Canada:
“The Greater Toronto Area (GTA) is projected to be the fastest growing region of the province, with its population increasing by 2.5 million, or 39.1 per cent, to reach over 8.9 million by 2036. The GTA’s share of provincial population is projected to rise from 47.6 per cent in 2012 to 51.5 per cent in 2036.” If you want more stats click here.
That stat is crazy, 2.5 million is double of what it is right now, plus all the people having sex and making babies. The last time I checked people are not going to stop having sex.
Agents & Clients Watch Too Much TV

Agents & Clients Watch Too Much TV

couple-watching-tvI’ve noticed a trend lately. Real Estate agents think they are on TV. All these shows that are infiltrating the sphere of influence out there are bad for people buying and selling Real Estate.

Real Estate transactions can go on for months at a time bey the time you start looking until you move in. Then If there are renovations, it could take even longer. These shows do it in an hour. It gives people looking to buy and sell Real Estate an unrealistic view of the process, and also the value of these renovations and staging.
Many of these shows get their material for free because they give the provider or contractor promotion at the end. They also put some sort of manufactured pressure on agents (rookie) to perform like a clown. I’ve noticed that agents are performing like they were on T.V., I don’t get it, but its happening.
The most important thing about these shows is that they are manufactured. I know many people who went on these shows and I have participated in a few which are totally manufactured. In some cases the transaction was already done.
In my experience, they wanted to me to downgrade the house these people were living in. I was very shocked when they told me that they wanted me to say that. They also wanted me to say that they should sell the house because it was too much to fix. I took the couple aside and told them not to sell their property and that it was worth more.

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