From my analysis of the sales within 3-5 square blocks the house did go for more than it appeared to have been worth at least $100k more which is without a doubt a lot. Had I listed that property I would not in a million years have suggested the seller list at $141k less than the lowest...

Interested, that is my very reason for looking at the changes in the withdrawn figure. Interestingly, CREA is now announcing slow growth for the next two years. How they predict 2013 I don't know but when I read it I wondered if perhaps they do similar in-depth analyses broken down by numerous...

I understand your frustration Drewp, somewhat. I once felt the same however it is important to note that the real estate industry is charged with self-regulation and has been for decades. It all came about because it was at one time a free- for- all. Until clients hit the courts complaining...

Hi Wooba, please go here http://www.reco.on.ca/section-buyer/tc-233/sc-304/spage-decisions.html If the link doesn't work go to reco.on.ca then buyers & sellers then complaints and for ease, in the options boxes that pop up, click by year and search. I encourage every consumer to read some...

If anyone is interested, (no pun intended interested) the below actual results follows up on a my post made on Feb. 26 of preliminary results for C1. C1 All Types...........................2011..............2012 YTD Sales @ Feb 29 .................607................530 decrease of 12.7%...

Regarding 375 King, the square footage is 1358 per builder’s plan and includes a 195sf balcony. Aside from the balcony being incorrectly represented in the square footage as mentioned there are in total 4 ’03 units for sale each listing with differing room sizes .Unbelievably sloppy. The...

It is your right to pay off in full if you have the available cash. I personally don't like pre-construction sales of any type whether it is condominium or freehold but some buyers want brand new and I've been fortunate that so far my condo clients can pay the balance due which is what I...

I personally am very concerned about these smaller units especially now that they are some being offered closer to 300sf., of course it will be an unfounded concern if the GTA’s residents start treating TO as though it was the next New York. But we are not an island. I cannot prove this but I...

Interested, I apologize if my post was not clear. Yes to: supporting PinkLucy’s experience and to: commute and costs deterring a move to the burbs. No to your interpretation about YR’s residents moving to TO. This is the trend I am witnessing whether it is to be near their kids who’ve fled YR...

50% south? Can anyone give any reasoned analysis as to this size decline, even 40%, 30% whether on historic, known equity values or some substantive valuation? At some point in time the market will correct slowly even crash overnight – either of these is inevitable in real estate and...

I would like to first address David Fleming’s blog. He more often than not makes many valid points as he does in that particular post but he also often lets his bias get in the way by misstating facts. The reader should be mindful that his, as an opinion, is not required to be grounded in fact...

As mentioned, a case can be made. The below cites 2011 census data for the regions including growth in dwellings. www.toronto.ca/demographics/pdf/profile_tor_bulletin.pdf

This is true however is it possible that history may or may not relate here since the suburban areas back in 1989 was anything considered north of Eglinton Ave, east of Greenwood and west of Spadina? The GTA's growth has been very significant over the last two decades yet a case can be made that...

What does a $2 billion drop in exposure at 25% mean? That it will all suddenly happen in 1 year or be spread between 2 and 5 years? RBC in 2011 Reported $42.9 billion in securitized mortgage assets, $12 billion of which was retained. It mght be a shocking realization if the $2 billion is on...

So if you have a client that wants in at the early stage you offer a kickback but who gets the kickbacks the developers or sales staff? That has got to hurt you since you're paying tax on the commission but can't write off the kickback. If a buyer wants to cut the same deal can they?

Isn't this supposed to change in March with the new system?

Submitting 25% on the sale price would be required without a certificate in place. With a certificate the adjusted cost base is calculated on the sale excluding realtor and legal fees. This initial filing may be submitted by the seller's lawyer if they've provided such an undertaking to the...

Hello everyone - happened across this thread and after reading through a number of its pages plus a few other threads, I thought to join. This is an interesting conversation, no doubt that a decline in RE values will come around sometime, that's how all investment cycles which are speculation...