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.


Virtual Staging

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...

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Price Drop 30% put into Perspective

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...

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Are You Ready For Your Information To Go Public?

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...

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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...

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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...

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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...

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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...

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