October 4, 2017 20

Houses

When A 3-Bedroom House Isn’t ACTUALLY A 3-Bedroom House

If you’re a buyer looking at freehold houses right now, you’ll undoubtedly be analyzing several aspects of the home such as size, style, and layout.

When it comes to entry-level, single family freehold homes, aside from location, the layout is the most crucial part of any property.

I’m seeing a lot of 2-bedroom houses listed as 3-bedrooms, and a lot of true 3-bedroom houses aren’t necessarily conducive to “growing families,” as I’m told by some of my buyer clients…

Read More

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…

Read More

September 13, 2017 13

Houses

Will We Still See “Holdbacks On Offers” This Fall?

With a shift in the market heading into the fall, one of the biggest questions, aside from price, has been with respect to how properties are listed and sold.

In the spring, even the crummiest condo was being listed artificially low, and receiving multiple offers.

How are things going to play out in the fall?  Will we still see under-pricing, and hold-backs on offers, that allow agents to place those ridiculous “SOLD OVER ASKING” banners on their signs?  Or will we see a change in the way properties are being listed?

Let me show you how things look thus far…

Read More

June 23, 2017 10

Houses

A Whole New Level Of Crazy!

If you’re a long-time reader of TRB, you know I love crazy houses.

And by that, I mean houses that are both crazy, and more often than not, result from crazy owners.

We’ve seen some doozies over the years, which I’ll recap below, just for those who haven’t seen them.

But I think as we approach the 10th anniversary of Toronto Realty Blog, I’ve found the craziest house of all time… Read More

June 12, 2017 26

Houses

How Is The Luxury Market In 2017?

I read an article in the Toronto Star on the weekend talking about the “luxury market,” which they consider $5,000,000 and up.

The drawback of being obsessive-compulsive and a complete control-freak is that I never trust anybody else’s numbers.

So I sat down on Sunday night, opened up Microsoft Excel, and started downloading data.

Let’s look at some numbers from the first five months of the year which I think will shock you…

Read More

May 23, 2017 16

Houses

Listing & Re-Listing: Is THIS The Reason For The Surge In Inventory?

Last Friday, I brought up the topic of “listing and re-listing,” which seems to be real estate’s new plague.

I certainly don’t fault sellers for re-listing their properties at higher prices, when their “strategy” of under-listing, and holding back offers, doesn’t work.

But as May turns to June, and beyond, we might start to see more sellers simply (gasp!) list at fair market value to begin with.

Today, let’s take a sample area of the city, and see just how many properties have been re-listed…

Read More