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.
Though your clients can gain an advantage by continuing their home search in December, many buyers and sellers will put their real estate aspirations on hold until after the holiday season. You can use this downtime to remind customers of your local market expertise so they’re ready to make a move when it’s time to jump back in. However, you want to be mindful of how you reach out to customers.
December 2018
Dear Friend,
Not too many surprises in the real estate market as 2018 winds down. 6,251 homes sold, down from last year’s record number, as buyers were pushed to buy earlier than planned due to the new mortgage regulations that were going into effect in the new year. The average selling price was up by 3.5% year-over-year to $788,345.
Best Practices: Offers – What Agents Need to Know
November 26, 2018 -- An offer is one of the core components of any real estate transaction. Despite how commonplace it is, and that Members should be familiar with the process, it's still essential that Members engage in best practices during the offer process.
Whether you are representing the Buyer or the Seller in a real estate transaction, it is critical to engage in best practices throughout the offer process to:
Toronto home sales rose again in October, jumping 6 percent year-over-year, in a continuation of the market’s slow upward trajectory.
But as sales continue to climb, listings are trending down, according to the latest release from the Toronto Real Estate Board (TREB). Listings fell 2.7 percent year-over-year last month, marking the fifth consecutive month of falling supply in the region.
You should begin assembling this suff before any physical search for a property begins.
1. 'employment confirmation' from your employer - employee in good standing, how long you’ve been employed there (for whomever is signing the lease).
2. full 'credit report(s)’ (for whomever is signing the lease) (equifax is better than transunion).
3. copies of 'last 3 pay stubs’ (for whomever is signing the lease).
4. a personal family bio (a quick paragraph about who you are, not mandatory but helpful).
While ageing in place is a goal for many older adults, some may not be able to stay in their homes and communities as property prices, taxes and the high costs for renovations cause affordability problems.
Older adult advocates and nonprofit organizations are hunting for solutions across urban and rural areas to combat the lack of affordable and accessible housing options, especially as the ageing population grows in the next ten years.
How organizations can adapt to the monumental shift in the legal landscape
