September 29, 2017 14

Stories!

The Tao Of The 2017 Buyer (Part III)

Have you heard the saying, “You don’t know the market has bottomed out until you’ve bounced up off that bottom, and are already on the way back up?”

Well the same can be said for when the market is going the other direction, and in May and June of last year, a lot of sellers and listing agents weren’t aware that we had rolled off an April real estate peak, and seemed to be two months behind.

As the market did continue to change, there was always a spring-like sale mixed within the pack, and you just hoped you didn’t find yourself up against six other bidders, in a market that was supposed to be cooling…

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September 27, 2017 9

Stories!

The Tao Of The 2017 Buyer (Part II)

Call me dramatic if you want to, but a story worth telling, is worth telling right.

I’ve told bits and pieces of Jake & Amanda’s real estate journey through some of my May and June blog posts, but in this series, you can see how one of the busiest 4-month real estate journeys I’ve ever seen, first began, and ultimately how it ended.

We made our first offer in the month of May, after the market had begun to cool.

But as you might have expected in a changing market, the sellers had no idea what was going on… Read More

September 25, 2017 2

Stories!

The Tao Of The 2017 Buyer

The spring of 2017 was the hottest market I have ever seen.  It was probably the hottest market that any Realtor, regardless of his or her experience in this city, has ever seen.

I told a lot of stories back in the spring on TRB, many of which conveyed exactly how hot the market was.

But one story was left untold, because it just concluded.  And ironically, it took place after the market changed, as our journey began in June.

Allow me to regale you with the Tao of the 2017 Buyer…

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September 22, 2017 12

Condos

Introducing The “Condominium Authority Of Ontario”

Did you come to TRB today, hoping to crack your knuckles and type comments in the form of a spirited debate?

Well, you’ve come to the right place.  Nothing gets the blood boiling quite like new government regulation!

As of September 1st, 2017, the “Condominium Authority of Ontario” was established, with a mandate to improve condominium living.  How they do this, as is often the custom, is by collecting fees that they’ve made mandatory for all condos in the Province.

I’ve gone through life with both a devil and an angel on my shoulder.  Let me present two opposite arguments about the COA, and you decide which has more merit…

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September 20, 2017 17

Condos

Hard Lofts: Brick-And-Beam vs. Art Deco Style

all this a poll within a blog, since I’m starting to wonder which hard loft style is more desirable among the buyer pool.

I’ve always assumed that the “brick-and-beam” style of hard loft is, by far, the most sought after in the city, but the “art deco” style has seen some huge valuations as of late.

Let me distinguish between the two, provide some photos, and ask for your opinion – whether you’re an active buyer, or simply playing along…

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September 18, 2017 11

Condos

Should Buyers Still Expect Freehold Properties To Sell Over Asking This Fall?

I want to pick up on the theme from last Wednesday’s blog post, where we looked at the percentage of freehold listings with a hold-back on offers.

This fall, I had a lot of buyers asking me if they would still be “bidding” on houses, and after a client sent me a $799,900 listing in Riverdale over the weekend, asking if it will sell for over his max pre-approval of $800,000 (it’s probably a $1.1M house), I think perhaps some statistics are in order.

We’re only through two weeks in the fall market, and I will probably re-run this data at month’s end, but let me show you how freehold properties are selling thus far, and you can use it as a measuring stick moving forward…

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