I hope everyone is enjoying the summer and had a great August long weekend. The real estate market is still in summertime mode, where most sellers wait until September to put their properties up for sale. In a few weeks we should be seeing plenty more properties hit the market. Since interest rates are still…
Happy Canada Day everyone. I hope you all take some time out to do something fun today and celebrate that we are in the greatest country in the world. We are very fortunate to live in a city like Toronto, despite our sports teams and the impending Pan Am Games traffic chaos. The real estate…
The Toronto real estate market continues to be a challenge for buyers, despite several downtown properties not attracting multiple offers this past month. Slowly but surely a lot of the increased demand is being sated. The market typically slows a little going into June, July and August before heating back up after Labour Day. Income…
The Toronto real estate spring market is underway and is still very much a sellers’ market. If you are an active buyer looking to purchase a home in the Toronto Central core, then the key to your success will be patience. Most homes that show well are still trading for well over the asking price….
Spring is here. A lot of new houses hit the market in downtown Toronto last week. It often happens after March break that a lot of new inventory surfaces. There were not a lot of income properties for sale in this first quarter of 2015, so it is nice to see more plexes coming online….
The cold weather continued throughout February which seems to have temporarily hampered the available inventory of houses for sale, but by and large everything that hits the market is still selling at full-speed. There are fewer houses for sale in the downtown core right now than we would normally expect at this time of year….
I’m very happy to announce that my new e-book “The Toronto Income Property Guide” is now available. You can download it for free here. It is a substantial update to my first real estate book “Live for Free” which I wrote many years ago. My book is currently available on your mobile through Kindle and…
I’d like to take this opportunity to wish you and your family all my best wishes for a very safe and prosperous 2015. May all of your hopes and resolutions for this year come to pass. I also hope that you all had a very enjoyable Christmas break. As this New Year gets underway, the…
Happy holidays everyone. I hope that you all have a very safe and enjoyable Christmas season. As many of you who follow the Toronto real estate market know, this year has been very much a sellers’ market. It has become very difficult to simply go out and buy a house in downtown Toronto. Our market…
The madness continues. This past month a triplex in High Park that needed a complete gut renovation asking $1.2M sold for the shocking price of $1.625M. That’s $425K over the list price. In many places that would buy you a complete other house, and then some. I also tried a bully offer this month on…
The Toronto income property market is rolling right along with all other Toronto real estate sales. Small scale duplexes, triplexes and houses with basement apartments in prime locations continue to see multiple offers and record-setting prices. September saw a return to the action that looked like the first few months of 2014. Demand continues to…
Back to school. Back to work. And back to selling income properties. The Toronto real estate market will roar back to life this week as many agents start listing properties for sale this fall. There were fewer houses for sale this summer as we expected, although prices and demand held steady. Last week two semi-detached…