GTA HOME SALES HIT NEW NOVEMBER RECORD WHILE LISTINGS DROP

Friday Dec 3rd, 2021

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Home sales reached a new record for the month of November, and the average selling price also reached a new all-time high. New listings were down substantially compared to last year for all market segments – further highlighting the inherent supply issue across all home types in the Greater Toronto Area. Toronto Realtors reported 9,017 home sales through TRREB’s MLS® System in November 2021 – 3.3 per cent above the November 2020 result, setting a new record. In... [read more]

Selling a Commercial Property in Ontario

Friday Dec 3rd, 2021

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  Selling Your Commercial Real Estate Selling a commercial property is a complex and time consuming sales process. Their are many variables involved throughout the sale process. From the initial meeting with the client to discuss the clients goals to the visit to the property followed by the preparation of the marketing package and financial statements. It is important that sellers of commercial properties work with an experienced commercial broker in order to... [read more]

Getting the “Inside Scoop” on a Listing

Thursday Nov 25th, 2021

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Throughout the history of journalism, reporters would pride themselves on getting the “inside scoop” on a story. In fact, that’s where that expression came from. So imagine you’re shopping for a new home and click on a listing online. Up comes all the property information. But, chances are, there is more to the story of that property than is presented in that listing. For example, you might want to know more about: • The empty field behind the home. • The... [read more]

Finding and Buying a Great Home in a Hurry

Tuesday Nov 23rd, 2021

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Imagine if, for whatever reason, you suddenly needed to find and buy a new home in a hurry. What if you had just a few weeks? If you’re like most people, your first instinct might be to panic. Well, there’s nothing wrong with having some apprehension about having to find a new home quickly. But, there are steps you can take that will make the process a lot less stressful and, ultimately, make it more likely that you’ll find a great property you’ll love. The first thing... [read more]

GTA RENTAL PRICES SURGE WHILE RENTAL LISTINGS DROP DRAMATICALLY

Saturday Oct 30th, 2021

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Accelerating economic recovery from the pandemic has spurred renewed demand for rental accommodation in 2021. In the third quarter, there was a doubledigit increase in the number of condominium apartment rental transactions reported through the Toronto Regional Real Estate Board’s MLS® System. Over the same period, tightening market conditions resulted in an increase in average rents across all unit types. Greater Toronto Area REALTORS® reported 16,121 condominium apartment... [read more]

GTA CONDO MARKET SEES RESURGENCE COMPARED TO LAST YEAR

Friday Oct 29th, 2021

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The condominium apartment market has experienced strong growth in 2021 and this continued in the third quarter. Sales in Q3 were up substantially compared to the same period last year. In addition, the condo inventory that built up during the initial phases of COVID has been more than absorbed with listings down significantly compared to last year. The result has been the resumption of seller’s market conditions, and above-inflation price increases relative to 2020. Greater Toronto Area... [read more]

Markets increasingly betting Bank of Canada will hike earlier than forecast — three rate rises seen in 2022 - Inflation data out tomorrow seen hitting 4.3%, highest in almost 20 years

Wednesday Oct 20th, 2021

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Traders are betting that the Bank of Canada will be forced into raising interest rates earlier than expected, posing one of the stiffest tests yet for Governor Tiff Macklem. Bets in the overnight swaps market are increasingly tilting toward a move early next year, well ahead of the U.S. Federal Reserve. Traders have now priced in three hikes in Canada by the end of 2022, which would bring the policy rate to 1 per cent from the current 0.25 per cent. That’s about 50 basis points... [read more]

How to Determine the Best Features of your Home

Tuesday Oct 19th, 2021

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What is it about your property that stands out? What will buyers like most about it? What are your home’s most enticing features? Answering those questions will help you determine which features to emphasize when selling your home. After all, you want buyers to notice and appreciate your property’s best characteristics. But here’s the challenge... It can be difficult to determine which features of your home are particularly desirable to buyers. You live there! So, there might... [read more]

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