Buying, Renovating and Selling Real Estate in Toronto
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Multiple offer season is back!

I used to live on Rhodes Ave in Toronto’s east end…glad to see it doing so well! Shortage of new listings fuelling desperation among Toronto home buyers | Toronto Star www.thestar.com The reason is simple: New listings for houses have been below historic norms yet interest
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Must a seller accept a full price offer?

In Toronto, it’s very common for a seller to underprice their home in hopes of soliciting multiple offers, thereby driving up the final purchase price.  Sometimes, the “offer date” passes and the sellers do not receive any offers.  And the very next day, someone will
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Small mortgage rate increases

Small mortgage rate increases of 0.01 to 0.02% started in the last few weeks. If you’re shopping for a new home and haven’t got a pre-approval and locked-in rate, I can point you in the right direction! Mortgage rates are on the move, upwards | Toronto Star www.thestar.com
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Condos on the rise…again

Consumer confidence in Toronto’s condo market appears to be rebounding, with an increasing number of potential buyers saying they intend to buy a unit in the next five years, according to a BMO survey. Consumer confidence in Toronto’s condo market remains healthy: BMO survey | Toronto
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Home prices up, number of sales down

“Home prices in Toronto, Canada’s most-populous city, rose 5.4 percent in May from a year ago, the biggest increase in five months…Housing-market data are showing few signs of a sharp correction even amid warnings from analysts and policy makers that a bubble may have been
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BMO reinstates 2.99% mortgage rates

BMO
This week BMO announced a cut to its mortgage lending rates, from 3.09% to 2.99% on 5-year fixed-rate mortgages.  In the middle of last year, most financial institutions increased their rates from 2.99% to 3.09% after the Federal Government changed lending rules to make it a littler h
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Think you’ll get a deal by buying with a listing agent?

House for Sale
An old co-worker of mine recently told me about their friends, who have been forever hunting the market for a new home.  Their strategy is to contact the listing agent of a house they’re interested in, hoping that by working directly with the listing agent they will get a better
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To buy or not to buy? That is the question

My friend Joe Sammut at Mortgage Architects put together this handy comparison of what you could afford to purchase with the same amount you pas as rent. Just note that this is just a one-to-one comparison of rent to mortgage amount.  You would likely need to factor in maintenance fee
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How Realtors Help

How Realtors Help Video icon
Thinking about buying and selling in the next little while?  Thinking about doing it own your own, to save some hard earned cash? That’s fantastic, but there are a lot of things to consider along the way…so grab a pencil and take a look at this short video that’s sur
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Why buyers pass on overpriced homes

Image weighing a house vs cash
Recently a friend and I got into a discussion about house pricing. He thinks that if a house is overpriced, buyers will simply submit a lower offer.  As this discussion has come up more and more among my friends, I’m beginning to think that this is the prevailing logic.  And it
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