Posts Tagged ‘toronto’
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 [...]
When it comes to interest rates on mortgages in Canada, the variable rate is dependant on the Bank of Canada lending rate. If this rate goes up, then variable mortgages rates will increase. Fixed rate mortgage rates are more dependant on the bond market. Fixed mortgage rates will typically not immediately increase based on movements [...]
Every year for the past 16 years, the average price for a home for sale in Toronto has increased. According to the Toronto Real Estate Board’s month report, the real estate market in Toronto has gone from an average price os $198,150 in 1996 to an average price of $431,463 in 2010, and an average [...]
Why Home Sellers Want To Save Money: Real Estate home sellers have usually invested a lot of time and money into their home. After most people purchase a home, they want to complete renovations in order to upgrade their home. This is especially true in urban centres like Toronto, Etobicoke, North York, and Scarborough, where [...]
Canadian Housing Market Heats Up in Toronto, Vancouver, Ottawa, and Montreal
In: Real Estate News
10 May 2011Garry Marr (one of our favourite real estate reporters!) recently reported that the Canadian Real Estate Association has raised their forecast for Canadian Home Sales. Gary juxtaposes this “raised housing forecast” against the data from the US, which shows that American home values fell by 3%, and that “American home values have fallen 29.5% from [...]
Flat Fee and Discount Listing on MLS for a Flat Fee Attracting Attention
In: Real Estate News
10 May 2011When the competition bureau helped change the MLS rules back in 2010, they helped create a new opportunity for home sellers to sell privately and be advertised on MLS. PropertySold.ca created a MLS partnership with Real Estate Brokerages across Canada that allowed For Sale By Owner home sellers to advertise their property on Local Board [...]
Canadian Real Estate Statistics 2010: Sold Homes, Average Price: Toronto Montreal Calgary Vancouver
In: Real Estate News
14 Jan 2011The Canadian Real Estate Association just released their 2010 Real Estate Stats. Here are some of the highlights: 447,010 homes sold in Canada in 2010. This was down by 3.9% from 2009. The average home price in Canada rose by 5.8% in 2010 to $339,030. Here are similar real estate statistics for Canadian Major Markets [...]
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- Tags: calgary, canada, CREA, homes, montreal, real estate stats 2010, sold, statistics, toronto, vancouver
The Toronto Real Estate Board just released their 2010 Real Estate Statistics. In 2010 there were 86,170 homes sold, which is down by 1% compared to 87,308 sold in 2009. The average price for a home in the Greater Toronto Area in 2010 was $431,463. This was up by 9% compared to 2009 when the [...]
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- Tags: 2010, average home price, mls, sold homes, statistics, stats, toronto
PropertySold.ca is growing our team! We are hiring 2 new real estate sales representatives in the Greater Toronto Area (Toronto East and Toronto West). PropertySold.ca is looking for people who are positive, enthusiastic, love real estate, and love helping people. If you have these qualities and want to start a new career and grow along [...]
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- Tags: brampton, estate, jobs, mississauga, oshawa, real, toronto
Toronto Condo Market
In: Real Estate News
16 Sep 2010There’s little doubt Toronto is at the heart of Canada’s condo craze, and with continued strong sales, new construction and appreciation, it’s quickly becoming the epicentre of the condo boom in all North America. Toronto Condos Beat Out New York and Miami Toronto condominium sales have long since outpaced Miami’s, the continent’s former condo mecca. [...]
Canadian Banks Offset Toronto Transfer Tax
In: Real Estate News
21 Nov 2007Ever since Toronto’s municipal council approved the new land transfer tax, set to come into effect in February 2008, Canadian banks have been wooing Toronto’s imminent homebuyers with cash-back offers and promotional mortgage rates to offset the tax’s cost. Bank of Montreal, Royal Bank of Canada, TD Canada Trust and Bank of Nova Scotia are [...]
Toronto Land Transfer Tax Approved
In: Real Estate News
23 Oct 2007The Toronto City Council approved yesterday the much-debated Land Transfer Tax (LTT) in hopes of offsetting the city’s budget shortfall, sparking a scramble among buyers hoping to close their real estate deals before the end of the year. The new tax will add up to 2% to the cost of both residential and commercial real [...]
Toronto Land Transfer Tax Causes Uproar
In: Real Estate News
4 Jul 2007The Toronto Star recently published a report on a new land transfer tax under consideration by the municipal council. The land tax would make Toronto homeowners the only Canadians to pay two, concurrent land transfer taxes, both provincial and municipal. This has many groups up in arms, concerned about impacting a fragile housing market, concerned [...]
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.