By: Thomas Cook

Is 2014 Going To Be A Record Year For Home Sales In Toronto?

Hi, it’s Thomas Cook from Toronto’s Real Estate Team at RE/MAX and here is our September 2014 Toronto real estate market report. September sales were the ‘second best ever’ for the Toronto Real Estate Board.  I’ll comment more on that in this broadcast as we go through the market report. So… let’s review some of the Toronto Real Estate Board statistics and see what this is all about. Watch the video to get the complete September Market Report details.   ...Read More

By: Thomas Cook

4 Tips To Maximize Your Curb Appeal

If you're selling your home this fall, you may be aware that curb appeal is a vital component of getting your home sold. The curb appeal is what your home looks like from the street or walking up to it - essentially, your home's first impression. Buyers may make a snap judgement about your home when they first lay eyes on it, which can seriously affect their decision to buy - or not to buy. Here are our four key tips for maximizing your curb appeal during the fall months: 1. Keep on top of the leaves. While the leaves are changing colour and look beautiful on the threes, once they're on the ground they can look dirty and like extra clutter. This doesn't mean that you a...Read More

By: Thomas Cook

Protecting Yourself From Condo Insurance Deductibles

Many home and condo owners know that they need to have home or condo insurance. They also know that like with most different types of insurance policies, there could be a deductible if a claim is made. However what this really means is, if something happens (such as water damage from a leak in another unit) you'll have some surprised costs that could range into the thousands of dollars depending on your deductible. These deductibles can often be between $5,000 and $10,000, and these are repairs you’ll have to partially pay for. This can be a pretty hefty and unexpected expense for any condo owner. In a recent article, Toronto Real Estate lawyer Mark Weisleder wrote about thi...Read More

By: Thomas Cook

Listing Inventory Still Lags Demand - Should Be A Busy Fall For The Toronto Real Estate Market

Sales were 14% above average for August with 7,600 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suite share of the market increased slightly to 33% with 2,503 units being sold. The August average sale price for all GTA homes came in at $546,303 – up 8.9% from 2013. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market is going to be. We had an 11% decline in inventory for the month of August compared to historical numbers and lower by 4.8% from last year at this time. The sales-to-listings OR percent-chance-of-selling ratio is how we determine what type of market we’re actuall...Read More

By: Thomas Cook

What Is A Bully Offer In Toronto Real Estate?

You may have heard the term "Bully Offer" in many articles about the Toronto Real Estate Market. Bully offers are something that a seller does in order to make more money, but it can also come back to haunt them. It begins when sellers offer their listing and hold open houses, but won't look at any bids until a set date. This can also be termed as sellers holding-back offers until a specified date. If a buyer cannot wait until this date because the property is just that perfect, they place what is called a preemptive or "bully" offer. This offer usually comes with the catch that it must be accepted right away and forgoes any waiting until the set date. ...Read More

By: Thomas Cook

Toronto Average Selling Price Up By 9.4% Mid-August

The Toronto Real Estate Board has released its mid-August statistics for homes sold through the TorontoMLS Listings.   The average selling price of a home in Toronto has increased by 9.4 per cent to $538,530 in the first 14 days of August compared to the same time last year. Detached homes had the highest rate of price growth year-over-year, up 12.3 per cent.   Paul Etherington, the president of the Toronto Real Estate Board, said, “Sales were up strongly for all major home types across the GTA through the first two weeks of August. This means that many different types of buyers were active in the marketplace, including first time buyers purchasing newly listed condominiu...Read More

By: Thomas Cook

Toronto Experienced The Second-Highest Sales For July Ever!

Sales recorded through the Toronto MLS Listings in July 2014 were the second-highest for July on record. Sales were 10% above average for July with 9,198 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suite share of the market increased slightly to 31.6% with 2,904 units being sold. The July average sale price for all GTA homes came in at $550,700– up 7.3% from 2013. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market is going to be. We had a 7.2% decline in inventory for the month of July compared to historical numbers and lower by 4.7% from last year at this time. The sa...Read More

By: Thomas Cook

Toronto Real Estate Lawyer: Who Owns That Tree On Your Property Boundary?

Toronto is full of beautiful tree lines. Many of these tree lines directly intersect your property and your neighbour's property, and it can be difficult to come to a decision about a sick tree if both neighbours don't agree. It’s a common question: Who owns a tree that’s on the boundary of a property between neighbours? According to the law as per the Forestry Act, a tree that’s directly on the boundary, meaning the trunk of the tree is growing on the boundary, is common property. If someone wants the tree removed, both neighbours must agree. The fact that the law does not define what is a trunk was brought up in the provincial Superior Court accor...Read More

By: Thomas Cook

Toronto Average Home Prices Increase 8% Mid-July 2014

According to the latest from the Toronto Real Estate Board, the average selling price for homes sold through the TorontoMLS listings in the first two weeks of July, 2014, were up by 8 per cent compared to July of last year, bringing the average selling price for a Toronto home to $549,174. “There are two key takeaways from the July mid-month results,” said Paul Etherington, Toronto Real Estate Board president. “First, given the strong continuation of strong sales growth, it is clear that buyers are still attracted to affordable home ownership options in the GTA. Second, if new listings growth begins to outpace sales growth, we could start to see an improvement in th...Read More

By: Thomas Cook

Highest Sales For June Since 2009 - Average Up 7.1% Year-Over-Year

Sales were 19% above average for June with 10,180 houses and condominiums changing hands in all the districts. Condo townhouse and high-rise suite share of the market increased slightly to just under 30% with 3,040 units being sold. The June average sale price for all GTA homes came in at almost $569,000– up 7.1% from 2013. The active listing inventory is one of the strongest indicators of how smooth or outrageous the market is going to be.  We had a 7.2% decline in inventory for the month of June compared to historical numbers and lower by 6.8% from last year at this time. The sales-to-listings OR percent-chance-of-selling ratio is how we determine what type of m...Read More