Toronto Real Estate Blog Details

RealEstatePlus.ca
2007-10-26 01:36:40
About RealEstatePlus.ca An estimated 80% of Canadians begin their search for a new home on the internet. Finding a new home is a major life decision. RealEstatePlus.ca was created to assist the user in that process by offering Canadians access to the most innovative tools and the best available information when they undertake this important step. RealEstatePlus.ca [...] ...

Toronto’s new property search
2007-10-14 15:35:01
realestateplus.ca vs mls.ca A new website, RealEstatePlus, is now publishing the TorontoMLS listings. The listings on the web site come from the Toronto Real Estate Board MLS database. The listings are updated once every few hours with information provided by all Toronto real estate agents. This information includes the listing description, photographs, interactive maps, demographic data [...] ...
Property Toronto

RealEstatePlus.ca is back
2007-10-01 15:22:22
Finally, an INTELLIGENT home search A new Toronto website, RealEstatePlus.ca, has taken the power of Web 2.0 and applied it to real estate. It brings accurate, immediate, easy residential real estate search directly to your home or mobile phone. And, with the complete MLS® database, it presents specific property details for all of the homes for [...] ...

Rethinking TV content
2007-09-30 12:37:23
Fix-’em-up shows get a makeover The slump in the American housing market could leave cable television networks with potential fixer-uppers on their hands. Home improvement shows continue to saturate the dial but, with the housing heyday long over, networks may be looking to retool their content. Anna Gecan, vice-president of content for HGTV Canada, says property shows generally [...] ...

Real Estate Market Prediction
2007-09-24 23:01:27
Housing crash in US could soon ripple here: Turner Canada’s booming housing market could feel a chill by the end of the year, thanks to a real estate crash and mortgage crisis south of the border. As up to a million and a half US homeowners walk away from their houses and mortgages, the result has [...] ...
Estate Estate Market Market Real Estate Real Estate Market

Real estate search engines
2007-09-24 17:20:40
Trulia’s on top of real estate search Trulia.com, the Internet’s leading real estate search engine, announced today that the company ranks alongside Google and Yahoo! search engines as one of the top three contributors of traffic to real estate companies. According to the latest data released by online competitive intelligence service company Hitwise, Trulia was a [...] ...
Engines Estate Real Estate Search Engines

The future of real estate?
2007-09-21 18:45:39
Buying or Selling a home from your computer A new Website from California will debut on Sept. 25 that will allow home sellers and buyers to haggle, cement a deal and see it through completion — all online, and all without the help of a real estate agent. RealUmbrella is a patented system that will guide sellers [...] ...
Estate Future Real Estate

Completing a real estate transaction
2007-09-19 16:35:54
What you should know about a real estate closing The Agreement of Purchase and Sale (the “Agreement”) has been signed by both you and the other party and now you are contemplating your next step. The first thing that you should keep in mind, whether you are a seller or a buyer, is that there are [...] ...
Estate Real Estate Transaction

Transparency needed for real estate
2007-09-18 13:27:54
A bid to reform Toronto’s real estate practices From the Toronto Star: The strong light of open disclosure can work wonders in keeping dubious characters from pursuing shady practices. That is becoming especially obvious in Ontario when it comes to real estate bidding, which could benefit from more clarity and disclosure. While the vast majority of Ontario’s 52,000 [...] ...
Estate Real Estate Transparency

Average Home Price Dropping?
2007-09-15 14:00:52
Average home price slips $6,600 in August The average price of a resale home in Canada’s major markets fell in August for the second month in a row amid slower sales, new figures show. The average price in 24 major markets was $325,881 last month, compared with $332,442 in July and $335,180 in June. But even with that [...] ...

Licensing for mortgage brokerages
2007-09-14 16:04:34
New Mortgage Brokers and Lenders Act The Ministry of Finance and the Financial Services Commission of Ontario have announced that the new Mortgage Brokerages Lenders and Administrators Act will go into effect on July 1, 2008. The new Act will introduce a licensing system for mortgage brokerages, brokers, agents and administrators. Agents will be required to [...] ...
Mortgage

First-time buyer issues
2007-09-12 14:03:17
Consider closing costs when buying a home Buying your first home is an exciting process. You determined how much home you can afford, you saved your down payment, you and your real estate prodessional found the perfect home and your offer was accepted. While the purchase price of your home is the largest cost you will [...] ...
Issues Time

Toronto market remains hot
2007-09-07 01:04:08
August sets the stage for a strong autumn market More people in the Greater Toronto Area bought resale homes last month than in any August before, Toronto Real Estate Board President Donald Bentley announced today. The 8,059 sales reported last month exceeded the previous best performance for August — set in 2005 — by seven per [...] ...
Market Remains Toronto

Upswing in luxury home sales
2007-09-05 22:54:26
Re-Max reports upswing in ‘upper end’ market Sales of luxury homes have registered an “unprecedented upswing” in the first half of this year, the real estate company Re-Max said today. In their report on 16 major markets across the country, Re-Max said high-end home sales were up in all regions between January and July. The highest percentage increase [...] ...
Home Sales Luxury Sales

Selling Mistakes to Avoid
2007-09-04 18:50:29
1. Failing to prepare your home for “buyers’ eyes” When was the last time you stood across the street and took a good hard look at your home? Don’t underestimate the importance of making a good first impression. It begins at the street — it’s called curb appeal. If you are competing with other homes for [...] ...

2.6 million real estate licensees
2007-08-28 13:24:10
NAR Membership is still on the rise Numerous news outlets have reported that membership in the National Association of Realtors(R) has declined. That is false. Membership has increased by nearly 6,000 this year. By the numbers, NAR ended 2006 with a record 1,357,732 members. At the end of July 2007, the most recent figure shows we have [...] ...
Estate Real Estate

Stinson’s Tower Crumbles
2007-08-20 20:59:45
Forced sale ends Stinson’s condo tower An Ontario judge ordered the sale of a downtown Toronto site to pay off creditors, ending developer Harry Stinson’s bid to build the city’s tallest residential tower and surpass a similar project by billionaire Donald Trump. Ontario Superior Court Judge Peter Cumming, at a hearing in Toronto, named BDO Dunwoody [...] ...
Tower

Canadian Real Estate Update Revised
2007-08-16 18:36:13
MLS® home sales break more records in July MLS® resale housing activity in Canada’s major markets set a fourth consecutive monthly record in July 2007, according to statistics released by The Canadian Real Estate Association (CREA). Seasonally adjusted sales activity totaled 31,667 units in July 2007 – an increase of 0.8 per cent from the previous month. [...] ...
Canadian Estate Real Estate

Canadian Real Estate Market Review
2007-08-13 04:10:34
Canada’s housing market cooling Canadian housing starts fell 4.3 per cent in July to miss estimates while new home prices rose at a slower pace than in the prior month, suggesting a steady cooling of the domestic housing market. July housing starts dropped to a seasonally adjusted annualized rate of 215,600 units from a downwardly revised [...] ...
Canadian Estate Estate Market Market Real Estate Real Estate Market Review

Do street names affect home prices?
2007-08-10 00:43:58
Could the name of your street affect the price of your home? Could living on Jackass Hill make your home worth less money? With so many people fascinated by real estate these days, “Freakonomics” author Stephen Dubner looks at real estate from a new angle. So many factors go into the price of a home — [...] ...
Affect Street

Toronto Real Estate Update
2007-08-05 02:52:29
Resale market shows strong summer Last month, the local resale market was 26 per cent more active than during the same time in 2006, recording a July record 8,912 sales, TREB President Donald Bentley announced today. “Currently, year-to-date transactions stand at 59,339, up 13 per cent over the first seven months of last year,” Mr. Bentley said. “And [...] ...
Estate Real Estate Toronto Toronto Real Estate

Toronto Real Estate Board Update
2007-07-25 19:20:02
Toronto Board President stepping down Toronto Real Estate Board President Donald Bentley has announced that he will be stepping down as President of TREB, Effective October 1, 2007 in order to accept a position as Director, Territorial Business Development for RE/MAX Europe. Donald’s new Position requires him to move to Vienna, which means that President-Elect Maureen O’Neill [...] ...
Estate Real Estate Toronto Toronto Real Estate

Toronto’s Real Estate Market
2007-07-19 13:27:11
One Hot Summer! July has started swiftly, with 3,947 sales to date, Toronto Real Estate Board President Donald Bentley announced today. This mid-month total is up 21 per cent over last July’s 3,251 sales. “While it is too early to speak of a July record (currently the record is 8,084 sales recorded in 2003), this month [...] ...
Estate Estate Market Market Real Estate Real Estate Market Toronto Toronto Real Estate

Big Win for Trulia
2007-07-18 00:56:49
Is this the tipping point for Trulia? CNNMoney has incorporated Trulia’s search engine into its Best Places to Live site to power the homes for sale function. Readers can search real estate city by city or from any page on the site through a search widget. This is a pretty big win for Trulia. One of the [...] ...

See your lawyer … before you buy
2007-07-13 17:47:34
And get it right … legally So, you’ve found the home that you want to buy. Maybe you’ve been working with a real estate agent or you went to a sales centre to buy a brand new home. For many people, a home is the biggest investment that they will ever make. Are you secure in knowing exactly [...] ...
Lawyer

Canadian Real Estate Market Watch
2007-07-12 03:03:47
MLS home sales break records A trio of resale housing activity records fell at the end of June 2007 in Canada’s major markets, according to statistics released by The Canadian Real Estate Association. In June 2007, a seasonally adjusted total of 31,300 homes traded hands via Board and Association MLS® systems in Canada’s major markets – up [...] ...
Canadian Estate Estate Market Market Real Estate Real Estate Market

Toronto Real Estate Market
2007-07-07 01:01:49
Summer market begins with a bang In June, the Toronto Area resale housing market was nearly 20 per cent more active than a year ago, Toronto Real Estate Board President Donald Bentley announced today. The 10,451 sales recorded in the month were also just shy of the 11,146 sales that made May TREB’s most active single [...] ...
Estate Estate Market Market Real Estate Real Estate Market Toronto Toronto Real Estate

The real estate puzzle
2007-07-05 18:44:15
Hot real estate market confuses experts Canadians’ seemingly endless appetite for buying and selling houses will continue the resale market’s “astounding momentum” from the second quarter through the end of the year, according to a report released today. “Canada’s resale housing market finished the second quarter on strong and steady footing, surprising many by its astounding [...] ...
Estate Puzzle Real Estate

Home Buying Information
2007-07-04 18:10:14
Glossary of Real Estate Terms Please note that the following definitions are not legal definitions, they are simply provided for your understanding of what may be involved in a house purchase. Agreement of Purchase and Sale (APS) The APS is a legal agreement that offers a certain price for a home. The offer may be firm (no conditions attached) or conditional (certain conditions must be fulfilled before the deal can be closed). Amortization The number of years it takes to repay the entire amount of a mortgage. Appraisal An estimate of a property’s market value. Appreciation The increase of a property’s value over time. Assessment The value of a property, set by the local municipality, for the purposes of calculating property tax. Assumable Mortgage A mortgage held on a property by the seller that can be taken over by the buyer, who then accepts responsibility for making the mortgage payments. Blended Mortgage A combination of two mortgages, one with a higher interest rate t ...
Information

Who made the rules?
2007-07-04 01:44:28
Real estate company web sites and the obituaries When I read the paper I always take a peek at the obituaries. Just checking to see if I am listed. Recently I got to thinking about how similar the obituary section of the paper is to real estate company web sites. Real estate company websites usually include a page with pictures of agents, a brief bio and maybe some details about the services they provide. There is a banner across the top, with the name of the real estate company on it. The obituary pages of the paper are similar, there is a banner across the top and then pictures of people with a brief bio, and details about the services. There are other similarities. I look at the dates in an obituary and see that the person who passed away was born in the 1920’s, which means they would be in their 80’s today, yet the person in the picture looks to be in their 20’s or 30’s. This seems to be true with the photos of agents on real estate company web sites too. ...

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