Archive for the ‘Real Estate News’ Category
Toronto Real Estate Stats July 2011: Homes Sold, New Listings, Active Listings
In: Real Estate News
12 Aug 2011The Toronto Real Estate Board released their real estate statistics for July 2011. There were 7,922 homes sold in July. This was 23% more than July 2010. This shows that the real estate market in Toronto is continuing to be very healthy. Although, despite the large increase in July, since the beginning of 2011, total [...]
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- Tags: 2011, active listings, flip, homes, July, New Listings, profit, real estate, sold, stats, toronto, TREB
One of the most common Real Estate questions we receive at PropertySold.ca is “How can I sell my home myself and advertise on MLS.ca/Realtor.ca?”. This is a popular real estate question because home sellers want to be able to advertise their property on MLS.ca/Realtor.ca, but also save money. Many people these days want to do [...]
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- Tags: $499, advertising, Flat fee, for sale by owner, fsbo, mls, real estate, sell, toronto
Recent News Article Claims That Realtors Will Release Data and Allow for A Canadian Zillow
In: Real Estate News
22 Jul 2011A recent report in the Globe and Mail, by Real Estate Reporter, Steve Ladurantaye, claims that the Canadian Real Estate Association is preparing to allow access to their database containing sold prices and days on the market information. Does this means that Canadian will soon see “Zillow” type websites? Zillow is an American real estate [...]
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- Tags: agents, American, canada, commissions, CREA, prices, real estate, sold, toronto real estate, website, Zillow
The Bank of Canada decided not to raise interest rates on Tuesday. They kept their overnight rate at 1%. On Wednesday the BoC spoke more about the state of the Canadian economy. The newspapers and economist dissected the works of Mark Carney and determined that he removed the word “eventually” from his comments about when [...]
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- Tags: 2011, bank of canada, canada, equity, home, increase, interest rates, July, mark carney, rate, real estate, sell
For sale by owner is alive and well in Ontario. More and more people are selling their home by themselves (many are also being listed on MLS). Let’s look at the history of For Sale By Owner and some of the top cities for private sales. For sale by owner has always existed in Ontario. [...]
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- Tags: Flat fee, for sale by owner, fsbo, kitchener, london, ontario, ottawa, private sale, sell on MLS, toronto
Toronto is Ontario’s Most Expensive Real Estate Market and Canada’s 2nd Most Expensive Real Estate Market.
In: Real Estate News
19 Jul 2011There is a lot of discussion these days about home affordability, record high prices, asian buyers, sellers market, and multiple offers. Real estate, especially in Toronto, has always made headlines in the newspapers and on TV. But now as the average price for a detached home in Vancouver has eclipsed $1,000,000, and in Toronto $700,000, [...]
The average price for a home for sale in Toronto in June 2011 was $476,371. This might seen unattainable to the average home buyer, because a 5% down payment would be $23,000 and the mortgage amount would be $453,000. Plus the buyer of Real Estate in Toronto would need to pay two Land Transfer taxes, [...]
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- Tags: 2011, buyers, C01, C011, C06, discount, estate, for sale, home, June, lowest price, mls, north york, ontario, real, search, sellers, Sold Prices, toronto
Moving Day: What happens on Real Estate Closing Day.
In: Real Estate News
12 Jul 2011The big day! If anyone has bought and sold a home on the same day, you probably do not remember specifically what happened, but you probably remember that it was stressful and a hassle. It involves real estate lawyers, banks releasing funds, registering mortgages, arranging insurance, picking up keys…and that’s just for the home. You [...]
The Greater Toronto Area has completed another spectacular month of real estate. June’s results show that their are no signs of a real estate slowdown on the horizon. There was a 21% increase in the number of homes old in June, compared to June 2010. Home prices also jumped by 9.5%. For the first 6 [...]
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- Tags: 2010, average home price, estate, gta, hot market, June, real, stats, toronto
Some American friends were visiting us in Toronto. We took this opportunity to discuss the difference between the Canadian and US Real Estate Markets. We discovered some very interesting assumptions about both markets. The American housing market has lost close to 30% of it’s value over the course of the last 3 years. The American [...]
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- Tags: 5% down, banks, bubble, canada, Canadian, decline, high ratio mortgage, housing, loan, market, new mortgage, toronto, US
It has been a little more than 3 months since PropertySold.ca launched our new website, including Real Estate Agent listings and a MLS Flat Fee Package. We are glad to report that June listings will hit a new record! In addition to the real estate agent listings and For Sale By Owner listings, approximately 100 [...]
Toronto Is Becoming Condo City as New and Resale Condo Sales Hit New Record
In: Real Estate News
22 Jun 2011Toronto could easily earn the nickname “Condo City”, or perhaps “The Crane Capital of North America”. Currently there are 280 new condo developments being marketed in Toronto. Whichever area of the city you live in, you will see cranes and new condo developments. North York, Downtown Toronto, Scarborough, Vaughan, Markham…they all have new condo developments. [...]
Mark Carney: Does he think that Vancouver and Toronto are in a housing bubble.
In: Real Estate News
17 Jun 2011This week Mark Carney gave a speech to the Vancouver Board of Trade. Whenever Mark Carney talks, people listen. Of course listening is just the first step. After listening to what he says, you need to dissect the words carefully and try to extrapolate, or infer his meaning. Mark Carney will never say “housing bubble”. [...]
Do Real Estate Agents Have Access To Special Real Estate Information, Hot New Listings, and Sold Prices?
In: Real Estate News
16 Jun 2011Do Real Estate Agents Have Access To Special Real Estate Information, Hot New Listings, and Sold Prices? Some of the comments we hear from the general public include: “Real estate agents have access to the new listings first. You have to be working with an agent or you will lose out on ‘hot new listings’” [...]
Selling a home is a big decision. It’s a dramatic change in anyone’s life. Once you have decided to sell, the big question is usually “how much money will I take home”. However, before we get to that questions, let’s examine where you can advertise your home for sale in Canada. Internet: The internet is [...]
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- Tags: advertising, estate, internet, kijiji, magazine, mls, newspaper, propertysold.ca, real, Realtor.ca
When Will Interest Rates Return To “Normal”? Low Interest Rates and The Hot Housing Market.
14 Jun 2011There are many factors that affect the price of housing. Supply, demand, jobs, geography, demographics, advertising, peer pressure, Government regulations (CMHC) and interest rates all affect house prices in their own way. Clearly interest rates have a definite impact on the price of homes. You could speculate that interest rates are the most important factor [...]
Vancouver vs. Boston: Canada vs. America. Very Different Housing Markets
In: Real Estate News
7 Jun 2011It’s the Stanley Cup Finals. The Vancouver Canucks are facing the Boston Bruins. A Canadian team vs. an American team. As these 2 teams battle for hockey supremacy, it’s a good time to look at the real estate markets in the cities of Vancouver and Boston. Vancouver – The most expensive city. The average family [...]
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- Tags: boston, canada housing bubble, estate, housing bust, mls, real, stanley cup, USA, vancouver, versus
Everyone wants to know “how much is my home worth?”. Everyone also thinks that they know “how much their home is worth”. But when it comes to selling a home, it is better to look from the buyer’s point of view and ask the question “how much would I pay to buy that home?”. Home [...]
Flat Fee MLS Listings Continue To Grow
2 Jun 2011PropertySold.ca is Canada’s top independent real estate advertising website for selling a home. With more than 10,000 daily visitors and top results on all search engines, PropertySold.ca is “the” place to advertise a home for sale. Our new and improved website platform launched approximately 2 months ago. Our new real estate advertising website has many [...]
How to Take Advantage of a Real Estate Bubble
In: Real Estate News
26 May 2011Like we previously mentioned, it is very hard to predict when a bubble will burst. The housing market in Canada may or may not be in a real estate bubble. If so, it might never “burst” or it might simply drop to the highs of a few years ago. The most drastic scenario is that [...]
Toronto Real Estate Bubble: House Prices Keep Rising
In: Real Estate News
24 May 2011More and more people are speculating that we are in the midst of a Toronto Real Estate Bubble. In Toronto, the MLS average house price has been increasing for the past 14 years, and 2011 is no exception. Over these 14 years, the average price has gone from $198K to $457K. A rising average house [...]
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- Tags: bubble, burst, demand, estate, first time buyers, gta, hot, housing, market, mls, price increase, real, rising house prices, toronto
Real Estate’s Worst Nightmare: Stink Bids, Low Ball Offers, MLS Vultures
In: Real Estate News
24 May 2011There is a very “unpolitically correct” quote in the real estate comedy movie called The Money Pit. Tom Hank’s character asks his real estate agent “why would somebody sell a million dollar home for $200,000″. The real estate agent’s response is “Who knows. Divorce, loan sharks, sudden death…the point is that you can benefit from [...]
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- Tags: ball, estate, hot market, low, lowball, mls, offer, real, real estate deals, stink bid, toronto, vultures
Real Estate Agent Marketing Tools
In: Real Estate News
20 May 2011Real Estate Agents have a few different marketing alternatives when deciding on how to successfully market a home for sale. Typically these tools will be presented to a potential seller (new listing) at the listing presentation. At a typically listing appointment, the Real Estate Agent will discuss their experience, compare recently sold properties to determine [...]
Canada Real Estate News
Real estate news in Canada including buy and sell information, local market updates, guides, tips for Canadians in the real estate market.