GTA REALTORS® Report October Resale Market Figures
TORONTO, November 5, 2014 – Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,552 sales through the TorontoMLS system in October 2014. This result represented an increase of 7.7 per cent compared to October 2013. New listings were also up on a year-over-year basis, but by a lesser 3.4…
Read MoreHow To Avoid Home Buying Horrors, by Mark Weisleder
Here are 7 ways to ensure home buyers can avoid mistakes that will lead to nightmares later. Make sure your lender has done their appraisal of your home Just because you are pre-approved for financing, it does not mean you will get your money on closing. There are always more lender conditions to satisfy, whether…
Read MoreUsing A Power Of Attorney To Close Your Real Estate Transaction
By Lorne Shuman: If you are buying or selling a property and you will not be able to sign the closing documents, you may need to use a Power of Attorney to close the transaction. Before deciding to use the Power of Attorney, legal advice should be obtained so that your lawyer can advise you…
Read MoreLight Up For The Holidays
It’s time to make your list, check it twice, and get your home in the holiday spirit. Take advantage of the milder temperatures right now to get your holiday lights up – and to get it done safely, consider these tips from Hydro One: • Always use Canadian Standards Association (CSA) approved lights, cords, plugs…
Read MoreGTA Realtors® Release Q3 Rental Market Report
TORONTO, October 17, 2014 – Toronto Real Estate Board President Paul Etherington announced that condominium apartment rental transactions through the TorontoMLS system were up by 20.5 per cent year-over-year in the third quarter to 7,868. The increase was driven by the popular one-bedroom apartment segment, which experienced an increase in rental transactions of 24.7 per…
Read MoreGTA Realtors® Report Mid-October Market Figures
TORONTO, October 16, 2014 – Toronto Real Estate Board President Paul Etherington announced that residential sales reported through the TorontoMLS system during the first 14 days of October were up by 12.2 per cent compared to the same period in 2013. Over the same period, new listings entered into TorontoMLS were up by a lesser…
Read MoreBidding Wars – Almost Anything Goes: By Mark Weisleder
When it comes to bidding wars, it sometimes sounds as though the real estate market in parts of the GTA are like the old wild west, where anything goes. I recently was told that a buyer in a bidding war put in an offer without a price, telling the seller to just “fill it in.”…
Read MoreHealthy Heating Systems
Winter is just around the corner and it is time to make sure your home is warm, comfortable and snug. Your heating system might chug along year after year, but that doesn’t mean it is operating efficiently – or safely. Every furnace should be cleaned and inspected annually, but it is especially important for older…
Read MoreToronto Neighbourhoods Under The Scope: September 2014 vs. September 2013
Find your neighbourhood below and see how September’s sales stats stacked up to last year’s. C02 (Annex, Wychwood, Casa Loma, Yonge-St.Clair) Sept 2013 Sept 2014 % Change Active Listings 270 246 – 8.9% Sales 67 61 – 9.0% Average Price $954,852 $1,261,759 + 32.1% Days on Market 21 31 + 47.6% Avg % of List Price 101…
Read MoreDon’t Blame Home Inspector For Mould After Closing: Mark Weisleder
When you buy an old home, you must be aware of the possibility of mould behind the walls. If you are suspicious, have the proper tests done during the home inspection. It is not easy to sue a home inspector later if problems arise after closing. Here’s why: David McCarthy and Debbie MacNeil bought a…
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