Steven  Maislin

Steven Maislin

Broker, Certified Specialist IRES, ABR, SRS, SRES, RENE

RE/MAX Realtron Realty Inc, Brokerage

Mobile:
416-410-6000
Office:
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Steven Maislin's blog

April 2019 Dear Friend,

August 2019
 

Dear Friend

July was an extremely busy month for the Toronto real estate market and all of the factors highlighted the “hot” market we are experiencing. With the total number of sales YTD being up 10.7 % over last year and the number of homes available for sale down 9.1%, multiple offers situations and homes selling at asking price or over and quicker were and are the natural result.

Best Practices: Using Lock Boxes – What Brokers Need to Know

April 2019 Dear Friend,

April 2019

Dear Friend,

Toronto Real Estate Board members reported 7,187 residential sales through TREB’s MLS System in March 2019, almost the same amount as the 7,188 sales reported in March 2018. While the number of sales remains the same, the number of new listings, homes available for purchase, was down by 5.1 % year-over-year.  This lack of inventory has created a shortage of homes available for sale, resulting in multiple offers and a price increase of an average of 5% since January of this year.

A proposal to help facilitate the creation of secondary legal suites

City of Toronto Secondary Suites Proposals – TREB Input

March 20, 2019 -- The City of Toronto's Planning and Housing Committee is considering a proposal to help facilitate the creation of secondary legal suites. TREB has provided input to the committee in support of the plans. View TREB's information.

 

Detail

 

The proposals being considered by the City of Toronto's Planning and Housing Committee are as follows:

 

March 2019 Dear Friend,

March 2019,

 

Dear Friend, 

No real surprises in the market, approximately the same number of sales as last February, 5,025, with roughly the same amount of listings, 13,284, which is less than three listings for every sale, making it an overall “sellers” market as buyers have few choices when purchasing a home. 

February 2019 Dear Friend,

Dear Friend,
Despite the harsh January weather, Toronto Realtors sold 4009 homes through the
Toronto Real Estate Board MLS system, slightly more than the same period last year.
This bodes well for a very active market in 2019.
While the average selling price was up by 1.7 % on a year-over-year basis, it really
does not represent what is happening in the marketplace, as not all housing sectors are
experiencing the same effects. Condominium apartments continue to lead the way in

February 2019 Dear Friend Newsletter

Dear Friend,

The Toronto Real Estate Board finished off 2018 with 3,780 sales, a little bit less than the 4,500 I predicted, and that was accompanied by 31.5% fewer new listings than December 2017, a sign that tight market conditions will continue in many markets.

What to be aware of when dealing in Buyer visits

In too many offers we write in that a buyer is entitled to 2 or 3 visits and leave it at that, the subject of course to proper notification to the seller to coordinate the time and date. And this is wrong as it is not enough. Can this essential clause come back to blow your deal or cause problems? An ideal clause should exclude visits by appraisers, home inspectors and in some cases engineers or architects (and others). Your main clause should state, “2 or 3 “personal ” visits.” I can give you many scenarios such as:

January 2019 Dear Friend,

Dear Friend,

The Toronto Real Estate Board finished off 2018 with 3,780 sales, a little bit less than the 4,500 I predicted, and that was accompanied by 31.5% fewer new listings than December 2017, a sign that tight market conditions will continue in many neighbourhoods.

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