October 4, 2017 20
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…
September 18, 2017 11
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…
September 13, 2017 13
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…
June 23, 2017 10
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
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…
May 23, 2017 16
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…
Much Ado About Parking Pads
1. Can someone explain to me the rationale for the city charging the ~$250 per year in the first…