The King Edward Hotel is a world famous Toronto landmark. Just three floors of this iconic building have been converted to condos; the rest continue as one of the city's classic hotels. This relatively small conversion will bring new meaning to the idea of an...
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RE/MAX Hallmark Tag
06
Mar
February 2014 Market Review
Cold weather is often an obstacle in real estate - especially when there's snow, too. That seems to have been a factor in the February sales numbers, but more on the supply side than the demand side. There were 2.1% more sales in February, 2014...
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10
Feb
January 2014 Market Review
January was a bit of a frustrating month in Toronto real estate. The number of active listings declined from 14,231 in January 2013 to 11,903, a decrease of 16.4%. The number of new listings was to 8,822 down a similar amount (16.6%). This exacerbated the on-going shortage of...
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05
Feb
Bully offers
Before I started blogging I used to send out an e-newsletter to my clients. Way back in January, 2008, I wrote a piece about bully offers. At the time, they were a relatively new phenomenon. In the years since, the practice has surged and waned,...
Read MoreTwenty-fourteen is shaping up to be another great year for the Toronto real estate market. As I have said many times before, Toronto is unlike other markets. It drives me nuts when people talk about the 'Canadian real estate market', as if trends in smaller cities and...
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10
Jan
5 More Buyer Tips
The 'First 5' buyer tips I posted previously are just to get a buyer started. There's lots more to it. Here are five more topics to consider. 6) Hire a home inspector. Please, hire a home inspector. They don't have X-ray vision, and they are not clairvoyant,...
Read MoreAccording to recently released TREB stats, there were 14% more residential re-sales in Toronto in December 2013 (4,078) than there were in December 2012 (3,582), while the number of new listings added to the MLS for the month was down 4% (4,102 compared to 4,267). Those factors again...
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07
Jan
‘First 5’ Buyer tips
The Toronto real estate market is in a sustained 'sellers' market state. Buyers have to be prepared to take action when they find a house they want. For you first-time buyers (and those of you who haven't done this in a while), there's lots that you...
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05
Dec
November 2013 Market Review
More sales (6,391, up 14% over last year) and fewer active listings (16,092, down 12%) in November meant competition among buyers, and higher prices - shocking, eh? The average selling price for all dwelling types was $538,881, a year-over-year increase of 11.3% (which is significant). The MLS® Home Price Index (HPI) Composite Benchmark...
Read MoreThe Danforth is such a great part of Toronto. The subway provides access for local residents to quickly get downtown, and at the same time conveniently brings folks to the area to enjoy the great restaurants, pub and shops. The neighbourhood brims with activity. Set just...
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