By: Thomas Cook

October average sale price highest this year

October average sale price highest this year

In October sales were up 13.8% compared to last year with 8,491 houses and condominiums changing hands in all the districts.   Condo townhouse and high-rise suite sales were stable with a 33.8% share of the market and 2,867 units being sold, an 8.1% increase from 2018.   The October average sale price for all GTA homes came in at $852,142 up 5.5% from one year ago.   The active listing inventory is one of the strongest indicators of how slow or fast the market has been moving.  The inventory average for the month of October compared to historical numbers was lower by almost 19% compared to last year at this time.   This is actually a good sign since we’re not b...Read More

By: Thomas Cook

5 Steps to Finding Your Next Home

5 Steps to Finding Your Next Home

Whether you’re a first-time buyer or a seasoned homeowner, shopping for a new home can feel daunting. In fact, 56% of buyers said that “finding the right property” was the most difficult step in the home buying process. Buying a home is a significant commitment of both time and money. And a home purchase has the power to improve both your current quality of life and your future financial security, so the stakes are high. Follow these five steps to assess your priorities, streamline your search, and choose your next home with confidence. STEP 1: Set Your Goals and Priorities The first step to finding your ideal home is determining WHY you want to move. Do you need more s...Read More

By: Thomas Cook

15 Steps To Mastering The Home Buying Process

15 Steps To Mastering The Home Buying Process

The home buying process can take as little as a few weeks or stretch out to several months or longer.  When buying brand new construction, it can even take up to three or four years to go thru all the steps.   I’ll give you a brief description of each step when buying a resale house or condominium so you can get a feel for how it all comes together.   Step 1 Of critical importance, once you’ve seriously started your home search, is to get a Full Mortgage Pre-Approval so you know exactly how large a mortgage you qualify for. In today’s busy Toronto market where multiple offers happen quite often, you may need to go in without a financing condition so...Read More

By: Thomas Cook

Why Real Estate Investing Makes (Dollars and) Sense

Why Real Estate Investing Makes (Dollars and) Sense

Turn on the television or scroll through Facebook, and chances are you’ll see at least one advertisement for a group or “guru” who promises to teach you how to “get rich quick” through real estate investing. The truth is, much of what they’re selling are high-risk tactics that aren’t a good fit for the average investor. However, there is a way to make steady, predictable, low-risk income through real estate investing. In this blog post, we’ll examine the tried-and-true tactics that can be used to increase your income, pay off debt … even fund your retirement! WHY INVEST IN REAL ESTATE? One of the basic principles of real estate investm...Read More

By: Thomas Cook

Once The Listing Agreement Is Signed Now What?

Once The Listing Agreement Is Signed Now What?

ONCE THE LISTING AGREEMENT IS SIGNED, NOW WHAT?  Once the seller has committed to list with an agent, it is the Realtor’s responsibility to put their marketing plan into motion.    As you can imagine, with 54,000+ licensed agents in the Toronto Real Estate Board, and many of them new to the business, not all of them have a plan.  This is another reason to hire an experienced marketer and negotiator to list your property.   There are many more things that can be done now with the popularity of social media to market homes and work to get the highest price possible.  The marketing plan is one of the conversation points that will happen at the Seller Consult...Read More

By: Thomas Cook

Our Fall market delivered improved appreciation

Our Fall market delivered improved appreciation

In September sales were up 22% compared to last year with 7,825 houses and condominiums changing hands in all the districts.   Condo townhouse and high-rise suite sales were stable with a 34% share of the market and 2,661 units being sold which is a 16% increase from 2018.   The September average sale price for all GTA homes came in at $843,115 up 5.8% from one year ago.  This average is now up 8.9% from the average market high 2 years ago back in September 2017.   The active listing inventory is one of the strongest indicators of how slow or fast the market has been moving.  The inventory average for the month of September compared to historical numbers was lower by...Read More

By: Thomas Cook

Everything You Need to Know About iBuyers and the “Instant Cash Offer”

Everything You Need to Know About iBuyers and the “Instant Cash Offer”

Technology is changing the way we do almost everything, and real estate transactions are no exception. In fact, a new crop of tech companies wants to revolutionize the way we buy and sell homes.   So far in the US, iBuyer startups like Opendoor, Offerpad, and Properly are rapidly expanding into new territories, and now established players, like Zillow, are starting to get in on the action and some form of these are making their way into Canada. Also known as Direct Buyers, these companies use computer algorithms to provide sellers with a quick cash offer to buy their home.   While the actual market share of iBuyers remains small, their big advertising budgets have helped create a n...Read More

By: Thomas Cook

Avoid Tenant Problems - Follow These 12 Top Tips

Avoid Tenant Problems - Follow These 12 Top Tips

AVOID TENANT PROBLEMS – FOLLOW THESE 12 TOP TIPS 12.) Avoid Asking For The Absolute Top Rent   I’ve found over the years that asking for top-of-the-market rent is asking for trouble.  If you’re desperate to get that extra few dollars, you’ll often end up compromising about the quality of tenant you accept.   It’s better to ask for slightly less than max rent and get more rental applicants who you can screen to get the most qualified tenant.   11.) Be Smart About Rent Collection   Are you trekking around the city collecting rents from your tenants yourself? Stop! Not only is showing up at your (potentially financially strapped and there...Read More

By: Thomas Cook

National Snapshot: How’s the Real Estate Market?

National Snapshot: How’s the Real Estate Market?

The Canadian real estate market is heating up again!   After a cooldown in 2018, economists predicted a modest rebound this year. However, the housing market has exceeded expectations with total national sales volume on the rise since March. July sales were up 3.5% from the previous month and 12.6% higher than last year.   So what triggered this faster-than-expected turnaround and renewed market activity? And is it sustainable?   To answer these questions, we take a closer look at some of the key indicators and explore what they mean for buyers, sellers, and homeowners.     HOME VALUES ARE RISING   The scenario varies by market, but nationally, home values are o...Read More

By: Thomas Cook

Market adopts a modest and cautious price appreciation model

Market adopts a modest and cautious price appreciation model

In August sales were up 13.4% compared to last year with 7,711 houses and condominiums changing hands in all the districts.   Condo townhouse and high-rise suite sales edged up to a 34.5% share of the market with 2,661 units being sold which is a 4.8% increase from 2018.   The August average sale price for all GTA homes came in at $792,611 up 3.6% from one year ago.  This average is now up 8.4% from the average market high back in August 2017.   The active listing inventory is one of the strongest indicators of how slow or fast the market has been moving.  The inventory average for the month of August compared to historical numbers was lower by 11.2% compared to last...Read More