Category Archives: Toronto Real Estate News

Real estate is a people-oriented field. Communication, emotion management, negotiation, and rational strategizing are all qualities that Realtors® and in fact all market players must possess to be successful. Success is measured in purchase price and sale price. In most …(How to Play a Low Offer continued…)

USA The idea of organizing real estate agents from the same neighbourhood into an open association has its origins in the late nineteenth century USA.

The real estate market in the Greater Toronto Area doesn’t seem to have slowed down a bit this summer, unlike last summer. The Toronto Real Estate Board (TREB) reports a strong July 2011, with 7,922 sales through the TorontoMLS® system, …(Average Housing Prices and Sales Up in July continued…)

In a recent article, David Larock shared with us some of the secrets and specialties of mortgage financial products. Some of his revelations are shocking, while some are reassuring. We’ll present you with an overview of David’s interesting article here.

The Eglinton Crosstown Light Rail Transit project, worth C$4.5 billion, is one of the biggest transit projects in the history Toronto that should significantly improve the transit service in the city. New, electric light rail vehicles will replace the inefficient …(Eglinton Crosstown Light Rail Transit continued…)

The pace of new home construction in Canada was surprisingly strong in the first half of 2011. This trend continued in June, when housing starts increased by 1.7 per cent to 197,400 annualized units, as reported by the Canada Mortgage …(The Pace of New Home Construction Will Slow Down continued…)

Jamie Sarner’s sold property listings were recently featured in the National Post’s Posted Homes section. The National Post mentioned four exclusive residences located in prominent neighbourhoods that will provide perfect comfort for their new owners.

Jamie Sarner is an established Toronto Realtor® with a long history of successful closings. During his eight years in real estate, Jamie has established his presence in the most central Toronto neighbourhoods and some farther from downtown. This is where …(Jamie Sarner – Your Toronto Realtor continued…)

Greater Toronto Realtors released their resale market figures report for the first two weeks of July. The report shows a huge rise in the number of sales and the average selling price in the Greater Toronto Area compared to the …(Mid-July Resale Market Figures continued…)

In the previous post, we discussed the Three Tarion Warranties for New Home Owners. Let me now give you a few tips on maintaining your home and your warranty in good standing. Neglecting your home may lead to revocation of …(Tarion: Warranty Exclusions and Advice continued…)

Probably the most controversial concern for Canadian developers is the implementation of development charges. These charges are basically fees levied against new development to finance the principal expenses of servicing growth. The basic idea of development charges is that taxpayers …(The Impact Of Development Charges On Condominium Buyers continued…)

Steadily strong sales, an increasing number of buyers, and fewer sellers leading to higher prices: that’s July’s GTA real estate market in a nutshell. According to the Toronto Real Estate Board monthly Market Watch release, home sales went up to …(Hot Summer in the Real Estate Market: Prices and Sales Up continued…)

As I mentioned in my previous post on Tarion and New Home Warranty, every new home buyer has the right for a warranty on her or his new property. As I explained there, Tarion is a back-up mechanism that steps …(The Three Tarion Warranties continued…)

In the name of progress, the Toronto Real Estate Board (TREB) has been working hard to update and revamp the districts by which real estate agents and their clients search the MLS. The newly catalogued Greater Toronto MLS should be …(New Zoning in Toronto MLS Brings Neighbourhood Names and Municipalities continued…)

Maximizing the safety of your house is a basic requirement you should fulfill if you want to fully enjoy the comfort of your home. There are many potential dangers that can cause severe harm to your property or, in the …(Protect Your House from Fire! continued…)

The Canadian mortgage system underwent numerous changes in recent years. The belt-tightening mortgage trends have continued since 2008. As the Federal Finance Minister, Jim Flaherty, declared, tighter mortgage rules should protect and strengthen the Canadian housing market. This policy is …(How is Canadian Mortgage Changing continued…)

Tarion is a witty anagram of the word Ontario. But it’s much more than that. Tarion is a home warranty program run by the Ontario provincial government that aims to ensure that all builders and developers in Ontario adhere to …(Tarion: What is New Home Warranty? continued…)

Social networks definitely changed the way we use the internet and also how Realtors communicate with their past, present or future clients. Facebook has grown to be the largest and most popular of these sites and has attracted more than …(Toronto Realtor Jamie Sarner on Facebook! continued…)

Occasionally, home sellers manage to move to a new house before selling their old one. At this point, they are effectively selling a vacant house. Some people may not realize, however, that selling a vacant home is very different than …(The Right Time to Sell: Occupied or Vacant? continued…)

The new Toronto Real Estate Board (TREB) Market Watch report is out, so let’s have a look at how the GTA real estate market has been doing over the last two months. We have been seeing a gradual strengthening of …(May Real Estate Market: Prices and Sales Up continued…)

Co-ops and co-ownership properties offer you a chance to live in a condo under specific ownership arrangements that are different from direct ownership. What Do Co-ops and Co-ownership Buildings Have in Common? On the whole, Toronto co-ops and co-ownership buildings …(Co-op vs. Co-ownership Properties continued…)

Whether you like it or not, most prices go up constantly. This is called inflation, and there is nothing any one person can do about it. With the prices of the condominiums we’re listing here, though, inflation will be the …(The Most Expensive Condo in Toronto continued…)

It is no secret that most financial products are notoriously incomprehensible. It often requires people with extensive experience and/or education to really figure out what a loan or an insurance deal will cost in the end — and mortgages are …(Mortgage Interest Rates and Compounding continued…)

Selling your house is a very demanding task; however, knowing what to focus on during your preparation can save you time and effort. Of course, everybody wants to have their home sold as quickly as possible and for the best …(How to Prepare Your Home for Sale continued…)

Canadians show stronger confidence not only in the residential property market, but also in the recreational segment. A recent survey conducted by Royal LePage shows that a large majority of Canadians who own recreational property or plan to purchase some …(Recreational Properties Heading Up, Canadians Believe continued…)

A year ago, The Bank of Canada surprised markets when it hiked the record-low 0.25% interest rate three times in a three-month period (in June 2010 to 0.5%, in July to 0.75%, and in early September to 1.0%). After doubling …(Will mortgage rates go up soon? continued…)

The CN Tower is introducing a new extreme attraction called EdgeWalk. By this August, thrill seekers will have the opportunity to walk the edge of the tower, 356 metres above the ground. Those brave enough will walk the 5ft (1.5m) …(New EdgeWalk Attraction at CN Tower continued…)

A report by the Canadian Imperial Bank of Commerce says that the Canadian economy is not only creating more jobs, but also creating better jobs. CIBC’s latest employment quality index discovered that the quality of jobs created is improving. More …(Canada’s Economy Creating More Jobs! continued…)

Pricewaterhouse Coopers released its annual “Cities of Opportunity” report this week. Toronto’s second place is an outstanding result, as the only city that ranked higher was New York. Toronto defeated traditionally strong cities, including London, Tokyo, Hong Kong, and Paris. …(Toronto: City of Opportunities continued…)

A conflict arises between real estate agents and low cost flat fee brokerages. The federal Competition Bureau will have to deal with this problem concerning discounter competence. Flat free brokerages only entered the market last year, as there was a …(War Over MLS Listings continued…)