By: Thomas Cook

Avoid These Six Common Rent Collection & Eviction Mistakes

Avoid These Six Common Rent Collection & Eviction Mistakes

There’s not a landlord who’s been in business for long who hasn’t had a tenant fail to pay on time — or at all. When it happens, the speed and consistency of the landlord’s response will statistically dictate their success.   There are really only two types of actions a landlord can pursue: chasing the tenant for payment or eviction. Errors and mistakes abound, so let’s talk about some of them.   1. Irregular Enforcement of Rules   One of the great powers that we have as landlords is deciding when to let something slide and when to really come down hard on a tenant. The response to a failure to pay, as well as the enforcement of late fees an...Read More

By: Thomas Cook

The YEAR of the comeback.

The YEAR of the comeback.

In December sales were up 16.3% compared to last year with 4,399 houses and condominiums changing hands in all the districts.   Condo townhouse and high-rise suite sales were up by 6.8% with a 36.1% share of the market and 1,590 units being sold.   The December average sale price for all GTA homes came in at $837,788, up 11.8% 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 December compared to historical numbers was lower by a huge 35% compared to last year at this time.   This inventory imbalance is causing price increase in many, but not all...Read More

By: Thomas Cook

2020 Outlook: Real Estate Market Forecast

2020 Outlook: Real Estate Market Forecast

After a two year slump, the future's looking bright again for Canadian real estate. Economists expect positive growth in the national housing market in 2020, supported by low mortgage rates, a solid job market, and a rising population.   In fact, in a recent report, RBC Economics called 2019 a “turning point for Canada’s housing market.” To understand why—and where the market is headed—we take a closer look at some of the key indicators and summarize expert predictions for the coming year.   More importantly, we explain what impact these changes will have on buyers, sellers, and homeowners in 2020 and beyond.   SALES VOLUME WILL RISE &nbs...Read More

By: Thomas Cook

Choosing The Right Professional Agent Is Not Easy

Choosing The Right Professional Agent Is Not Easy

The Toronto Real Estate Board now has well over 50,000 licensed Realtors registered to work in the GTA area.   Of those, 78% sell less than 6 homes per year and almost 50% don’t even sell 3 homes annually.  Many of those agents are working at a full-time job for their income and try to do their real estate business on the side, part-time.   There is however a solid core of professional, full-time Realtors who do the majority of the sales in the Toronto MLS.  And there’s an even smaller group of agents who work with a ‘By Referral Only’ philosophy.   Realtors who work with this philosophy guiding their business have a keen desire to satisf...Read More

By: Thomas Cook

Why Meet With An Agent Before Starting Your Home Search?

Why Meet With An Agent Before Starting Your Home Search?

One of the things that most agents do when you first contact them is to ask you a few questions over the telephone such as what are you looking for, how many bedrooms and bathrooms and what neighbourhoods were you thinking of?   Then they will just throw you in their car, take you around and tour you through a bunch of homes.  More often than not many of those homes don’t fit your needs.   The problem with that is it wastes your time.  You spend your weekends or evenings going out and looking at homes that don’t even come close to what you really want to be moving into.   The Buyer Consultation is all about saving you time and getting clarity! &...Read More

By: Thomas Cook

Critical... Order The Condominium Status Certificate Immediately

Critical... Order The Condominium Status Certificate Immediately

The condo Status Certificate give the buyer a snapshot of how well your condo corporation is being run.    It tells us how much money is in the reserve fund, if there are any special assessments contemplated or pending and it includes copies of the building financial statements, budget and the rules and regulations governing the owners and tenants living there.   EVERY condo buyer will want to get a copy of a current Status Certificate (less than 30-60 days old) and have their lawyer review it to make sure they’re making a wise purchase.   Normally a buyer’s offer will be 'Conditional upon a satisfactory review of the Status Certificate’.  Often...Read More

By: Thomas Cook

GTA market recovers with highest November appreciation rate

GTA market recovers with highest November appreciation rate

In November sales were up 13.7% compared to last year with 7,090 houses and condominiums changing hands in all the districts.   Condo townhouse and high-rise suite sales were stable with a 34.5% share of the market and 2,449 units being sold, a moderate 3.6% increase from 2018.   The November average sale price for all GTA homes came in at $843,637, up 7.1% 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 November compared to historical numbers was lower by just over 27% compared to last year at this time.   This inventory imbalance is causing p...Read More

By: Thomas Cook

Gifts and Gadgets for Every Room in the House

Gifts and Gadgets for Every Room in the House

  Are you searching for new and innovative gift ideas this holiday season? If so, check out our list of the hottest home technology offerings. We’ve selected a few of our favorites for every room in the house.   These smart systems and devices add comfort, convenience, and a “cool factor” that will delight your friends and family.  So think about who you know that loves the latest gadgets … or add a few of these to your own wish list!   ENTRYWAY Ensure the safety of your loved ones with these smart security upgrades.   Smart Lighting Ring, a company best known for its video doorbells, has added smart lights to its series of integrated device...Read More

By: Thomas Cook

Six Astounding Advertising & Showing Mistakes Bad Landlords Make

Six Astounding Advertising & Showing Mistakes Bad Landlords Make

Now let’s talk about how easy it is to screw up the process of taking applications and screening tenants. This is one of the most important parts of being a landlord — being able to properly select tenants will determine a huge amount of your success and happiness as a landlord.   So let’s get onto the screw-ups!   1. Application Mistake: Not Asking ALL the Questions   It’s easy to download a form from the Internet and print it out and give it to a prospect — but how many of those forms were put together by a lawyer (or worse yet, an editor) instead of by an experienced property manager or Realtor?   Naturally, you need all of those legal asp...Read More

By: Thomas Cook

‘Tis the Season: 5 Reasons Why Winter is a Great Time to Buy or Sell a Home

‘Tis the Season: 5 Reasons Why Winter is a Great Time to Buy or Sell a Home

It’s a common misconception that you shouldn’t try to buy or sell a home during the fall and winter months.  This is generally considered the “offseason” in real estate. Many sellers mistakenly believe that the cold weather will keep buyers away and that no one is looking over the holidays. Unfortunately, many real estate professionals perpetuate this myth by advising their clients to “wait until the spring” to list their home.  The truth is, homes are bought and sold year round. And while the market is typically quieter during the fall and winter, savvy buyers and sellers know how to use this slow down to their advantage. In fact, depending on...Read More