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

By: Thomas Cook

How To Pay Off Your Mortgage In Just 12 To 15 Years

How To Pay Off Your Mortgage In Just 12 To 15 Years

We have developed a program called the Mortgage Terminator Program. This program is designed to help any homeowner pay off their mortgage principal entirely in 10 years or less. Best of all… you can do this without making ANY lump sum payments whatsoever!   Most people don’t realize it but, over the lifetime of a mortgage, every homeowner is paying literally thousands of dollars of their money in interest.   In fact, interest payments in just a five-year term on a mortgage of $400,000 amount to over $50,000 while the principal was only reduced by approximately $62,000.   If you kept a $400,000 mortgage for the full 25 years at the same 2.5% interest rate, you...Read More

By: Thomas Cook

Home Buying Process Timeline

Home Buying Process Timeline

HOME BUYING PROCESS TIMELINE - WHAT SHOULD YOU DO FIRST?   After many years of helping Toronto house and condo buyers, we’ve found that, with the exception of occasional sudden events, most house and condo buyers begin their home buying search about six to twelve months from the date they ultimately pick up their keys from their lawyer and move in to their new home.   Those sudden events might include a job change, a marriage, a new addition to the family, a divorce or receiving an inheritance.   It usually all starts with you having some casual thoughts or conversations about buying and then, over time, as market information is received and knowledge about the home buyi...Read More

By: Thomas Cook

You'll Be Asked To Sign A Listing Agreement

You'll Be Asked To Sign A Listing Agreement

There are three main ways to sell any Toronto property… On your own without an agent List it exclusively with a Realtor but not expose it to the full market List it on the MLS (Multiple Listing Service) which makes your condo accessible to all 54,000+ agents in the Toronto Real Estate Board (TREB) People have their own specific personal reasons for choosing any one of these.  For example, we offer a ‘Silent Market’ for those owners who prefer to go the ‘Exclusive’ route for a while at least.    However, the vast majority of sellers choose the MLS route because it offers the best chance of getting the highest price so let’s talk more a...Read More

By: Thomas Cook

Sellers are appreciating the better market

Sellers are appreciating the better market

In July sales were up 24.3% compared to last year with 8,595 houses and condominiums changing hands in all the districts.   Condo townhouse and high-rise suites took a slightly higher 34.2% share of the market with 2,938 units being sold which is up 16.3% from 2018.   The July average sale price for all GTA homes came in at $806,755– up just 3.2% from one year ago.  This average is now up 8.2% from the average market high back in July 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 July compared to historical numbers was lower by 9.1% compared to last...Read More