There has been a lot of advances in technology this year, and one of the areas is virtual staging. It has come down so much that some agents are looking at this as viable alternative to staging, rather than have the place look empty on photos and videos. In my...read more
Everybody tell you that you shouldn’t sell your house in the winter. This is not true. Forget what people are telling you and most agents and people have it wrong. It is true that snow discourages people from buying a house, but if you look at the market right now you will see that there is a real drop in listings.
The truth is that snow storms are a big discouragement to selling your house but snow is not bad all together. An example of that is last year where we in Toronto had snow storm after snow storm. While the storms are bad for business, just regular snow falls are ok. Last year Toronto was hit over and over, and the market suffered, but the year before that, it was just regular snow falls and the market was as hot as ever. Even last year, once the storms stopped, and regular snow falls came down, the market got hot in early spring when it did still snow.
Its all about inventory! There is none and there will alway be people that must buy or sell in the winter regardless. This creates an atmosphere, for you to cash in on your property, and hopefully have a few bids on your house.
The finance minister of Canada has stated that the interest rates have stayed steady at the same rate this week. This is great, and most analysts predict that this will not go up as well.
Investment in Canada. The low dollar is seeing a lot of investment in Canada’s real estate market, not only from the Chinese and Asian countries, but our neighbour to the south, the US. Where once Canadians were buying houses in the US, now they are scooping up properties everywhere in Canada.
Real Estate is all about timing, finding the right buyer desperate to find a house will drive up the bids for your house and the dollars in your pocket.
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The prices of sales in the GTA have come down 30% from last year. Let's put this stat into perspective. The prices from January to April sky rocketed and then came down after that. Of course they are going to be a lot lower since the prices jumped so much. The media...read more
The Liberal Government both at the Federal and provincial level as well as Mayor of Toronto seem hell bent on bringing down the prices of real estate to make it affordable for everybody. In some imaginary world this is going to stick. The problem is with their plan is...read more
I read the articles, I read the comments, people want information. They want it all. That is the new way of doing business. They want all of the information that real estate agents have access to, and they want it for free, and they want it now. People think they have...read more
I've had enough of these builders and you should really beware before buying a new build. Over the past 10 years I've been selling Real Estate, I've had one bad situation over another with my clients. The past two years, I've reached my limit and I'm here to say don't...read more
The purchase price of your home is only one of the costs you'll encounter. Here are other possible costs you need to consider: Mortgage loan insurance: If you are putting less than 20 per cent of the house value down, you're going to need mortgage loan...read more
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
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
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
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
The liberal government has announced that they will be doing something to calm the renting hikes from landlords. While this is a good thing for renters, it could be a detriment to housing and landlords going forward. Some landlords have already become proactive and...read more
While the Ontario Government cut this John Tory's dream of having a great highway into Toronto short, I believe he was on the right path to increasing the value of Real Estate. When I heard they were going to add some sort of toll to cars going into the city, I was...read more
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
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...read more
Right now marijuana, and grow ups are a fairly minimal concern when buying houses. Agents typically put a clause that the owner never grew or has known about any grow ops in the house, but this is about to change next year. What is changing is that July 1st, 2018,...read more