Last year was a big year where I helped many families move into new homes. Every home I sell takes a lot of background work that many people don’t see. Countless hours of house comparisons, prepping a property for market, communicating with countless agents interested in the property. I love this business but if anyone tells you it’s easy to be a Realtor then they are not working hard enough and they probably don’t do a lot of business. It takes constant effort to be an effective Realtor and many late nights making sure the “T’s” are crossed the “I’s”are dotted.
Change your washing machine connector hoses to metal washing machine connector hoses. This will help prevent costly floods. For condos buildings metal connector hoses should be a minimum standard! Easy to do, not a big expense.
February last year the housing market was sizzling hot! The housing market was appreciating so quickly that a correction was inevitable. In some areas house prices had increased by nearly 20% in the last 6 months in late 2021 – early 2022. Now, after nearly a year in correction territory everyone is wondering where we are going from here. All signs are pointing to a housing market heating up again even with higher interest rates. The signs are there. Already this month there have been multiple offers on houses and condos. If a property ticks all the boxes the property will most likely have multiple offers. Many buyers have adjusted to higher interest rates by setting there sites on a smaller property. A property that fits their affordability. This is an interesting read from Storeys that supports more buyers are prepping... View Article
These are the important questions for 2023! I was lucky enough this week to take part in a talk with Sherry Cooper who is a well respected economist in Canada. If you don’t know her click here. Sherry covered many topics ranging from interest rate hikes, the housing market, employment and immigration. Below I highlight some of the takeaways from the talk. Overall Sherry does not see a drop in interest rates this year. She does see an overall further decline in house prices but different communities in Toronto and the GTA will under perform or over perform the expected decline. Sherry does expect house prices to balance out as we move through 2023 and expects inventory to remain low (below average). I would like to note here that for January 2023 new listings year over year are down only 3.7%. Active listings... View Article
Last year 2 people impersonated a couple and sold their house in the GTA when they were out of the country! This couple profited from the sale and have disappeared, enjoying a life off of someone else’s lifetime investment. Click here to read the article. How could something like this happen? Well, Real Estate fraud is real and it happens more than is reported in the news. There are all types of fraud that deal with property and mortgages. Mortgage fraud is more prevalent than Real Estate fraud but it is important to understand your rights and how to prevent something like this from happening to you. The listing agent was convinced they were dealing with the rightful owners of the property because these 2 fraudsters were using fake identification and convinced the Realtor they were the owners of the property. There are many questions of how these... View Article
