Recharts, of course its TREB’s data, what else would it be? That is after all where all of the resales going through the MLS resides. If you’re in the camp that TREB and all Realtors by extension are falsifying the information, nothing will have you believe otherwise, yet, every piece of listing...

Recharts, you’ve obviously invested a great amount of time on your maps but they do lack the pertinent statistics others have noted and your comment about sales prices declining in the summer months tells me that you’re new to tracking the housing market since that has historically been the...

I wholeheartedly agree and will add that even underpricing by 10% is unnecessary. Serious buyers going after underpriced properties, that is ,those who recognize the market value is considerably higher as opposed to those who hope to steal it for less and their representatives, have yet to...

Logically, there is no reason for CMHC to stigmatize a property right off the bat with a declaration that it was repossessed and it does attach a stigma and immediately reduce the buyer pool in that many buyers will assume it will need extensive or expensive repairs which is not always the case...

Riverdale Rink Rat: Yes, I do believe the CMHC’s exposure is less than its cap since they must by law reflect the in-force based on outstanding mortgage balances. The expected claims is or should be reflective of recuperated costs less expenses. Interested: I am not a CMHC insiderso...

I'm glad to see you corrected this however the remaining UPR has nothing to do with being released for paying a claim as it is not to be confused with claims reserves. the UPR is one of three components making up the earned premium and is strictly a revenue number on the books. Berfore I...

Interested, I fail to see what you mean by streamlined if the actual client was paying unless you mean to say they'll cut corners. I have no doubt of that. But to your other point, would you want your lawyer to cut corners? Do you presume that this seller would have even made what they did had I...

I apologize for the long posts but sometimes they’re necessary to properly state a point. Interested, let’s run your numbers with some real ones. First, we’ll accurately depict your 4 times house price increase. 1992’s GTA’s average sale price was $214,971 at the end of last...

Kenny, no worries. Disagreements tend to bring pertinent facts to light that haven’t been considered. As in my disagreeing now with you on the statement that REALTORS would charge more if they could. Obviously that’s not correct otherwise there wouldn’t be any discounters offering services...

Aside from the fact that as stated commissions are negotiable; that no one is forced to pay higher a REALTOR at a commission fee they don’t wish to pay and that LTT is constant, is also the fact that LTT is on the purchase of a home not on the sale so it affects the decision of buyers only...

Well Eug, someone isn't telling the truth. It's either the listing REALTOR or the Globe. Fixer Upper? This from the listing: "Fantastic Well Maintained Multi-Unit Semi In Prime Roncesvalles Village! Great Income Opportunity Or Could Be Converted Back To Single Family. Has Two-1 Bedrm...

Eug, I chose instead to mention that the others were also outdated as well as provided other pertinent facts to show the disparity. All things are relative. This particular property is attractive to three types of buyers, those who want to live in it without any tenants; those who want to live...

Someone really ought to call out the Globe and some of these REALTORS for reporting and hyping this kind of nonsense. This is ridiculous that the Globe should hype such tripe almost 2 months after the fact. They’ve truly become a ‘rag.’ It’s a 5 bedroom, 5 bath semi divided into an income...

I think you’re just having a little fun with us because if as your name implies you are a builder, I can’t see you not knowing the difference between a condominium and a freehold property. Or are you assuming that because there is such an animal as a “freehold condominium” they are all...

The question was not about condos, it was about freeholds and my answer stands.

Hi Rocky. No there is no legal requirement for a cooling off period. Many builders do include the clause in their standard agreement of purchase and sale however they've been known to cross it off particularly if the project is popular. Always demand a written condition for your lawyer to review...

Camdenlofts, The issue with square footage is that builders’ square footage claims are often not useable on the MLS Systems because they incorrectly include dead (condos included), below grade or balcony space. Some provincial real estate acts require a listing show both square footage -...

It is indeed true futurebuilder. I trust you only use the Lehman crash relevant to the global mortgage crisis as a point in time reference because it has none otherwise to the GTA's market which surged after a short 5 months in the doldrums. GTA's housing market has ended every calendar year for...

It's called stigma civdis. It will eventually go away - mostly anyway as some will always recall this particular piece of history. This is my favourite residential building in all of TO. I can stand for hours and stare at it or for just as long, admire from within, the marriage of vintage and...

For the record RBT. You’re correct the ‘agent’ must present the offer or at best make an attempt to present the offer. There is no need to demand the seller’s written instructions, just the seller’s acknowledgement that they’ve seen or refuse to review/respond to same so as to live up to the...