Don't Buy a Home Without Knowing This

After studying housing markets for two decades, I have learned that making better real estate decisions is not about luck, or timing, or wealth. 

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Toronto Home Owners Are Turning to High Interest Private Debt

Special Report: Toronto’s twenty-year housing boom has resulted in a negative side effect that homeowners are starting to feel – very high debt levels.

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Are Declines in House Prices Predictable?

Housing markets are notoriously difficult to predict - but data can help home buyers and sellers answer some critical questions.

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How Debt is Cooling Toronto’s Housing Market

Will the Toronto real estate market return to previously seen highs - or has a major new road block appeared?

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Why I Fought for Sold Data - and Why The Fight is Not Over

When will innovative Toronto-area brokerages like Realosophy finally be able to share home sold prices with consumers online? 

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Over One in Four Toronto Area Homes for Sale are Empty

Why are so many homes sitting empty and why has the number increased over last year?

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Why are Fewer Toronto Area Houses for Sale Than Five Years Ago?

When we look at the number of properties that have been listed for sale in the Greater Toronto Area (GTA) (including Toronto) since 2012, we see a very interesting trend.  

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How Canada's Mortgage Stress Tests Have Spiked Toronto Condo Prices

The Canadian federal government introduced new mortgage rules in the fall of 2016 to combat rapidly increasing home prices - but have they driven up condo prices instead?

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Why are Detached House Prices Stable When Sales are Falling?

One of the questions I get often from buyers is how house prices can remain stable while sales are declining and inventory is increasing? 

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The Mistake That Cost Sellers Millions When Toronto's Housing Bubble Burst

This time last year, nearly 1,000 Toronto home buyers and sellers suffered major financial losses - could they have done something differently or was it just bad timing?

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Drop in Toronto Condo Listings Keeps Prices Up

With Toronto Area condo sales down 26% in April 2018, many buyers are wondering why the condo market is still incredibly competitive and prices are still up.

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What You Can Learn From Toronto's 2017 Real Estate Bubble

Today we're releasing a new report featuring my analysis of last year's real estate bubble - why it happened and how it affected home buyers and sellers in Toronto and the...

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GTA House Prices Falling Furthest Where Investors Once Dominated

This time last year we published a report Freeholds on Fire: How Investor Demand for Houses is Driving Up Prices in the Greater Toronto Area which looked at how investors in...

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Why Toronto’s Real Estate Market Isn’t Crashing (Anymore)

The headlines and the recent numbers about the Greater Toronto Area’s real estate market have not been great this spring. Average home prices are down 14% in March and sales...

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Why condos are more expensive than houses in the Greater Toronto Area

John Pasalis in Toronto Real Estate News, Condo Buying

Ryerson’s City Building Institute published an interesting paper this week that concluded that builders are not building...

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Wynne Liberals prioritize Realtor commissions over consumer protection

John Pasalis in Toronto Real Estate News

photo credit Globe and Mail

Yesterday the Ontario provincial government announced plans to add more regulation to the practice of...

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Is Toronto’s real estate market still crashing?

John Pasalis in Toronto Real Estate News

If you’re considering buying a home in the Greater Toronto Area, it’s really tough to make sense of what is really happening in the...

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Why Some Toronto Neighbourhoods Are Likely to See Prices Fall Even Further

John Pasalis in Toronto Real Estate News, Home Buying

In my last blog post (The GTA Neighbourhoods Home Buyers Should Avoid), I walked through a metric we use at Realosophy to...

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The GTA Neighbourhoods Home Buyers Should Avoid

John Pasalis in Toronto Real Estate News, Home Buying

I recently stopped by TVO’s The Agenda to discuss the latest market stats with the Toronto Star’s Tess Kalinowski, and...

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Why This is the Best and Worst Time to Buy a Home in Toronto

John Pasalis in Toronto Real Estate News, Home Buying

 

“Be fearful when others are greedy and greedy when others are fearful”  -  Warren Buffett

Acclaimed investor Warren...

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Three Takeaways from Ontario’s Newly Released Foreign Home Buyer Data

John Pasalis in Toronto Real Estate News

The province of Ontario just announced that 4.7% of the 18,282 homes purchased in the Greater Golden Horseshoe between April 24th and...

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How Bidding on a Home in Toronto Just Got Worse

John Pasalis in Toronto Real Estate News , Home Buying

If there is one part of the home buying process that all of Toronto hates – it’s when you have to compete for a home...

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GTA Home Sales Plunge 26% Following Ontario Foreign Buyer Tax

John Pasalis in Toronto Real Estate News

On April 20th 2017 the Ontario government introduced their Fair Housing Plan which included a 15% tax on homes purchased by foreign...

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From Bidding Wars to Lowball Offers – Toronto’s roller coaster real estate market

John Pasalis in Toronto Real Estate News

The first half of 2017 has been a roller coaster ride for Toronto’s real estate market.

The first 3 months of the year were the most...

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Ontario's New Fair Housing Plan - The Good and the Bad

John Pasalis in Toronto Real Estate News

The Ontario government has responded to the rapid growth in house prices and rents in the Greater Toronto Area by releasing what they...

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New Listings Surge 62% as Toronto Home Owners Cash in on Hot Real Estate Market

John Pasalis in Toronto Real Estate News

The first week of April saw the number of new listings of freehold houses (detached, semi-detached and townhouses) surge 62% over last...

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House Prices Up over 60% in GTA's Hottest Areas

John Pasalis in Toronto Real Estate News

Toronto's real estate market continued to defy gravity in March when the average price for a home climbed to $922,757 in March 2017, a...

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Data Shows That Investors Are Now Speculating on Single Family Houses Across GTA

John Pasalis in Toronto Real Estate News

Last year I wrote about a trend I had been noticing in the Toronto area real estate market - whether at our office or at dinner...

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Are Toronto House Prices Booming Because Too Many People Want to Live Here?

John Pasalis in Toronto Real Estate News

In the late 1980's economists Robert Shiller and Karl Case began to challenge the long standing assumption that all home buying...

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GTA Detached Home Prices Up 28% in January

John Pasalis in Toronto Real Estate News

The Greater Toronto Area's real estate market is off to a very hot start in 2017.  The table below shows the average price for a...

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Home Prices Up Over 50% In GTA’s Hottest Neighbourhoods

John Pasalis in Toronto Real Estate News

Earlier this month the Toronto Real Estate Board announced that the average price of a detached home in the 905 region was up 29.4%...

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Is This a Good Time to Buy a Home in Toronto?

John Pasalis in Toronto Real Estate News, Home Buying

As I started my own home search a few months ago I found myself in an interesting position – for an owner of a real...

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The Tipping Point for Toronto’s Real Estate Market

John Pasalis in Toronto Real Estate News

Torontonians have become so accustomed to hearing about how competitive the real estate market is and how quickly prices are rising...

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First Signs of a Real Estate Bubble in Toronto?

John Pasalis in Toronto Real Estate News

Readers of this blog know that I am not one to call bubbles lightly (or every month for the past few years, like some). Something may...

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Are all Condos a Good Investment?

John Pasalis in Condo Buying

Many research focused home buyers looking to make a smart home buying decision will often invest a lot of their time studying the average price per...

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Why Toronto's Real Estate Market is so Fiercely Competitive Right Now

John Pasalis in Toronto Real Estate News

If you're a buyer looking for a home in Toronto right now, you probably know first hand how competitive the market is.  You are...

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How to Avoid Buying At the Peak of a Real Estate Bubble

John Pasalis in Home Buying

No home buyer wants to be the sad buyer in our chart below who bought their house at the absolute peak of a real estate bubble, just before prices...

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The Science of Home Buying

John Pasalis in Toronto Real Estate News, Home Buying

For decades, real estate agents have been helping home buyers with the art of buying a home. They have advised them on...

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Making Sense of Real Estate Bubbles

John Pasalis in Toronto Real Estate News

Bubbles are always easy to call after the fact, but things are far less clear when you’re in one.

The fact that leading economists...

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You Will Live in Your Current Home for 10 Years and Other Surprising Facts

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board published the results of a survey of recent and intending home buyers which reveals some interesting...

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Why Toronto Home Prices won’t Fall in 2016

John Pasalis in Toronto Real Estate News

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Toronto’s Real Estate Market in 2015 - A Year in Review

John Pasalis in Toronto Real Estate News

Below are my top takeaways for Toronto’s real estate market in 2015.

Record Sales

The GTA saw a strong increase in the demand for homes...

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The Future of Home Buying

John Pasalis in Realosophy News

Really happy to be launching Realosophy Pro this week, our latest analytics product that shows past sale history, comparable sales and deep...

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Purchasing Power Parity for Toronto Neighbourhoods

Purchasing power parity is an economic theory that helps us understand how overvalued or undervalued currencies are by comparing their currencies purchasing power for identical...

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Toronto Real Estate Market Statistics - October 2010

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Market Statistics - September 2010

John Pasalis in Toronto Real Estate News

The average price for a Toronto home increased by 5% in September over the same month last year to $427,329.  

You can see all the...

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Globe and Mail Home Value Survey Released + Potential CREA Settlement

UPDATE - 12:18PM - Unfortunately, John's online chat with the Globe and Mail and consumers @ noon today was canceled due to technical difficulties at the Globe. But since...

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Toronto Real Estate Market Statistics - August 2010

John Pasalis in Toronto Real Estate News

It was a relatively quiet August for Toronto’s real estate market with the number of sales for the month falling 22% over the same...

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Five Questions For....Pascal Gauthier, TD Bank Senior Economist on the Real Estate Market in Canada and Toronto

John Pasalis in Five Questions, Toronto Real Estate News, Mortgages and Finance

Editor's Note: "Five Questions For" is a periodic series in which Move Smartly bloggers get answers...

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Toronto Condo Listings Up 72% in Second Quarter

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Sales and New Listings Continue to Slide Mid August

John Pasalis in Toronto Real Estate News

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Is the Sky Falling on Toronto’s Real Estate Market?

John Pasalis in Toronto Real Estate News

Editor's Note: Due to spam and trolling issues, Move Smartly's comments have been disabled. But we still want to hear from you! Please...

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Toronto Real Estate Sales Down 23% in June

John in Toronto Real Estate News

Toronto home sales continued to slide in June.  The Toronto Real Estate Board reported 8,442 home sales in June, a 23% decline over the same...

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Bubbling with Concern: Toronto Life Declares Toronto Real Estate Bubble

John in Toronto Real Estate News

 In case you haven’t heard, we’re in a real estate bubble!  Well, at least according to Toronto Life.

In their current Real Estate Issue,...

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Toronto Real Estate Sales Down 20% mid June

John in Toronto Real Estate News

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Which Toronto Neighbourhoods are Safest in a Slowing Housing Market?

John in Toronto Real Estate News, Toronto Neighbourhoods

The slowdown in Toronto's real estate market continued in May with sales actually dropping by 1% over the same month...

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Is Toronto's Housing Market a Bubble?

John in Toronto Real Estate News

For the average home buyer, making sense of Toronto’s real estate market is not easy.   We often read conflicting media reports about the...

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Toronto Real Estate Listings Up 48% Mid May

John in Toronto Real Estate News

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A Turning Point for Toronto's Real Estate Market

John in Toronto Real Estate News

For the first time since 2008 the growth in new listings coming on the market in April exceeded the growth in sales.  A significant turning...

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Canadian Home Prices up 9.9%

John in Toronto Real Estate News

From the Teranet National Bank House Price Index:

Canadian home prices in February were up 9.9% from a year earlier, according to the...

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Toronto's Real Estate Market - 48% Increase in New Listings Mid April

John in Toronto Real Estate News

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Record Number of Homes Listed For Sale

John in Toronto Real Estate News

From the Canadian Real Estate Association's Press Release:

Homebuyers have more choice heading into the busy spring buying season, with new...

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Toronto’s Real Estate Market Starting to Stabilize

John in Toronto Real Estate News

Since May 2009 the number of houses coming on the market for sale in Toronto has been on the decline while the demand from buyers measured by...

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Competition Bureau vs. CREA: Battling Over Canada's Real Estate Industry

John and Urmi in Toronto Real Estate News

Like many of you, we’ve been following the Competition Bureau’s decision to challenge the Canadian Real Estate Association (CREA)’s MLS...

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Is Toronto's Real Estate Market a Bubble Ready to Burst?

John Pasalis in Toronto Real Estate News

It seems as though any time house prices are on the rise in Toronto, regardless of how modest the increase might be, Torontonians are...

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Toronto Real Estate Sales up 74% Mid February

John Pasalis in Toronto Real Estate News

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Tougher Mortgage Rules for Canadian Buyers

John Pasalis in Toronto Real Estate News

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Federal Government To Change Mortgage Rules

John Pasalis in Toronto Real Estate News

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Toronto House Prices Up 19%

John Pasalis in Toronto Real Estate News

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Toronto and Vancouver – Canada’s Hottest Real Estate Markets

John Pasalis in Toronto Real Estate News

Toronto and Vancouver have Canada’s hottest real estate market according to the Teranet-National Bank House Price figures released this...

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Toronto House Prices up 19% Mid January

John Pasalis in Toronto Real Estate News

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Toronto House Prices Increase for 13th Straight Year

John Pasalis in Toronto Real Estate News

The average price for a Toronto home increased by 4% in 2009 to $395,460, the 13th straight year house values have increased in Toronto.

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Feds May Change Mortgage Rules to Cool Down Real Estate Market

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Sales Up Mid December

John Pasalis in Toronto Real Estate News

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A Glimmer of Hope for Toronto Home Buyers

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board’s November Market Watch report showed the first sign that some relief might be on the way for Toronto...

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More Transparency Needed in The Real Estate Industry’s Multiple Offer Process

John Pasalis in Toronto Real Estate News, Home Buying Tips

The Real Estate Council of Ontario (RECO) recently published a brochure with some consumer focused information about...

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Toronto Real Estate Sales up 84% First Half of November

John Pasalis in Toronto Real Estate News

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Competition in the Real Estate Industry – This Entrepreneur’s Perspective

John Pasalis in Toronto Real Estate News, Real Estate Trends

In case you missed the headlines earlier this week, after a two-year investigation into Canada’s real estate brokerage...

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Toronto Real Estate Sales Statistics for October 2009

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Prices up 9.4% in 4 Months

John Pasalis in Toronto Real Estate News

Toronto real estate prices increased by 9.4% in just four months according to the Teranet National Bank House Price Index.

The House...

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Why are there fewer for sale signs in Toronto?

John Pasalis in Toronto Real Estate News

There are a lot of factors at play when it comes to the current shortage in housing supply that we are seeing in Toronto. 

From...

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October mid-month real estate statistics

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Inventory Down 42%

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their monthly Market Watch report yesterday and the numbers aren't very encouraging.  We are...

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A Few Real Estate Reports

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Sales up 23% First Half of September

John Pasalis in Toronto Real Estate News

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Competing in a Multiple Offer in Toronto's Real Estate Market

John Pasalis in Home Buying Tips

My last post on multiple offers sparked reaction from agents and consumers alike.   As a follow up, I’ll consider these comments and further...

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Toronto Real Estate Inventory Down 37.5%

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their monthly Market Watch report for August showing 8,035 home sales in August - a 27% increase...

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Toronto Real Estate Sales Post July Record – 1 in 7 Houses Get Multiple offers

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board reported a record 9,967 resale home sales for July, a 28% increase over the same month last year. ...

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The Best Strategy When Competing against 17 Other Buyers for a House

John Pasalis in Toronto Real Estate News

When Toronto’s real estate market started to pick up in April it was encouraging to see that many Toronto home buyers were taking a very...

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Toronto Real Estate Sales Up 27% Mid July

John Pasalis in Toronto Real Estate News

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Alarming Imbalance in Toronto's Real Estate Market

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board reported 10,995 sales in June 2009, a 27% increase over the same month in the previous year and the...

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Is a Condition on Financing or Inspection a Guaranteed Way to Get Out of Your Purchase Agreement?

John Pasalis in Home Buying Tips

When buyers decide to make an offer to purchase a home their real estate agent typically includes two conditions in the agreement of purchase...

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Toronto Real Estate Sales Up 19 Per Cent in the First Half of June

John Pasalis in Toronto Real Estate News

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Are you Still Waiting for Toronto’s Real Estate Market to Crash?

John Pasalis in Toronto Real Estate News

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Canada's Real Estate Market Rebounds

John Pasalis in Toronto Real Estate News

From the Canadian Real Estate Association's Press Release:

----------------------------------------------------------------------

National...

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Toronto Real Estate: A Seller's Market

John Pasalis in Toronto Real Estate News

Home sales in the Greater Toronto Area increased by almost 2% to 9,589 in May 2009, the first monthly increase since December 2007.  ...

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Toronto Real Estate Sales Up 3% Mid May

John Pasalis in Toronto Real Estate News

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7 Reasons Why Toronto's Condo Market is on Solid Ground

John Pasalis in Toronto Real Estate News, Condo Buying Tips

Toronto’s condo market is on solid ground according to a recent research paper published by Scotiabank Economics. ...

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How Realtors Help Commercials

John Pasalis in Toronto Real Estate News

The Canadian Real Estate Association (CREA) recently released two new commercials as part of their "How Realtors Help" ad campaign.  I ...

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Canadian Home Prices Down 7.4% from Peak

John Pasalis in Toronto Real Estate News

February 2009 marked the sixth straight monthly decline for the Teranet National Bank House Price Index for Canada.  Canadian home...

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Lessons from Toronto’s Real Estate Crash

John Pasalis in Toronto Real Estate News

The overall mood about the current state of Toronto’s real estate market typically depends on the two most commonly reported statistics...

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Toronto's Real Estate Market is Warming Up

John Pasalis in Toronto Real Estate News

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Positive News for Toronto's Real Estate Market?

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their March sales statistics yesterday and they appear to be encouraged by the fact that sales...

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Canada's House Price Index Down 5.5% From Peak

John Pasalis in Toronto Real Estate News

Canadian home prices fell 2.4% in January 2009 led by declines in Calgary (-8.2%) and Vancouver (-4.2%).  The Teranet-National Bank...

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Toronto Real Estate Sales Picking Up Mid March

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board reported 2,565 transactions in the first half of March 2009, a 19% drop from the 3,183 transactions...

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A Closer Look at Toronto’s Real Estate Market

John Pasalis in Toronto Real Estate News

The recent slowdown in Toronto’s real estate market has left many people wondering where the market is heading leading up to the busy...

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Toronto Real Estate Sales Down 32% in February 2009

John Pasalis in Toronto Real Estate News

Fellow real estate blogger Richard Silver has the inside scoop on TREB's February sales statistics.

The Toronto Real Estate Board...

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OMB Decides - No Big Box in Leslieville

John Pasalis in Leslieville, Urban Issues

The Ontario Municipal Board has decided that big box stores anchored by a Wal-mart have no place in Leslieville.  The board said that...

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Canadian House Prices Unchanged in December

John Pasalis in Toronto Real Estate News

Canadian house prices in December 2008 were down just .6% from a year earlier, according to the Teranet-National Bank House Price Index...

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700 Ontario Homes Insulated with UFFI

John Pasalis in Toronto Real Estate News

In the past 18 months 700 Ontario homes have been insulated with a prohibited type of insulation called urea formaldehyde-based thermal...

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79 Mortgage Brokerages Suspended in Ontario

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Sales Pick Up- Mid February 2009

John Pasalis in Toronto Real Estate News

Under normal circumstances, a 26% decline in real estate sales is not something to be excited about.   But these are not normal...

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Three Toronto Real Estate Brokerages Being Investigated

John Pasalis in Toronto Real Estate News

Over the past couple of months the Real Estate Council of Ontario (RECO) has issued a freeze order, freezing the accounts of three...

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Sales Slump Continues in Toronto's Real Estate Market

John Pasalis in Toronto Real Estate News

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Toronto Rental Market Surges

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board reported 3,433 condominium rentals in the Greater Toronto Area from September to December 2008, a 30%...

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Canada's Home Renovation Tax Credit

John Pasalis in Toronto Real Estate News

Canada's Home Renovation Tax Credit (HRTC) was introduced as part of the 2009 federal budget and was just one of several measures...

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Actions to Stimulate Canada's Housing Sector

John Pasalis in Toronto Real Estate News

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A Slow Start to Toronto's Real Estate Market for 2009

John Pasalis in Toronto Real Estate News

Toronto real estate sales declined by 50% during the first half of January 2009, continuing a sales slide that started in October 2008.

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Toronto's Real Estate Market - A National Perspective

John Pasalis in Toronto Real Estate News

A couple of weeks ago I wrote a post about a new Canadian House Price Index launched by National Bank and Teranet.  I thought I would...

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Toronto Real Estate Sales Down 20% in 2008, Prices Flat

John Pasalis in Toronto Real Estate News

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Canada’s National House Price Index

John Pasalis in Toronto Real Estate News

Using a simple average to measure the change in real estate values can present a number of problems.  I have covered these issues in ...

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Low Vacancy Rate Good News for Toronto Condo Investors

John Pasalis in Toronto Real Estate News

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Toronto Land Transfer Tax Hurts Real Estate Market

John Pasalis in Toronto Real Estate News

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Toronto’s Real Estate Market – No Reason To Panic, RBC Says

John Pasalis in Toronto Real Estate News

RBC Economics says that Canada is experiencing a “Canadian-style” housing downturn but will avoid a US style housing market crash. The...

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Toronto Real Estate Sales Drop 50% in November 2008

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board recorded 3,640 sales in the Greater Toronto Area for November 2008, a 50% decline over the 7,313 recorded in...

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A Closer Look at Canada's Decline in Real Estate Prices

John Pasalis in Toronto Real Estate News

For the past couple of months I have been cautioning our readers against making any big conclusions about Toronto’s real estate market...

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Toronto Real Estate Prices to Show Modest Growth in 2009, CMHC says

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Market Remains Slow Mid November

John Pasalis in Toronto Real Estate News

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Making Sense of Toronto’s Real Estate Decline in October

John Pasalis in Toronto Real Estate News

For those who missed the headlines last week, the Toronto Real Estate Board announced their bleak sales figures for October 2008.  The...

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Toronto Land Transfer Tax Exaggerates Housing Price Decline

John Pasalis in Toronto Real Estate News

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Toronto Condo Market Is Oversold, Developer Says

John Pasalis in Toronto Real Estate News, Condo Buying Tips

In May of this year the Canadian Mortgage and Housing Corporation (CMHC) released an optimistic report on Toronto's...

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Toronto Real Estate Prices Down 15% in October

John Pasalis in Toronto Real Estate News

The average price for a home in the city of Toronto dropped by 15% during the first half of October, eclipsing the 6% decline we saw...

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Buying a New Construction Condo in a Slowing Market

John Pasalis in Toronto Real Estate News, Condo Buying Tips

The past ten years have been kind to home buyers and real estate speculators who invested in pre-construction...

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An Update on Toronto's Real Estate Market

John Pasalis in Toronto Real Estate News

After a slight decline in new listings in August, we saw new listings climb 19% over 2007 levels in September and 6% over the volume we...

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Toronto Real Estate Prices Drop 6% in September

John Pasalis in Toronto Real Estate News

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So You Want to Be a Landlord

John Pasalis in Real Estate Trends

CEP News interviewed me several weeks ago for a story about a home buyer who decided to purchase a house with a rental unit as a way to spend a...

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Toronto’s Real Estate Market - Bubble or Boom?

John Pasalis in Toronto Real Estate News

Toronto’s real estate bubble in the late 1980’s left a grave mark on the city.  Those who didn’t lose money in the bubble probably knew...

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Toronto Real Estate Sales Prices Flat in September

John Pasalis in Toronto Real Estate News

Real estate sales in the Greater Toronto Area for the first half of September declined to 2,726 a 16% drop over the record set during the...

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Toronto Real Estate Market is balanced: UBC Study

John Pasalis in Toronto Real Estate News

In April of this year I indicated that my outlook for Toronto’s real estate market was neither bullish nor bearish.  I said that...

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Twice as Many Canadians Are Buying US Properties

John in Real Estate Trends

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Toronto Real Estate Prices Drop in August

John Pasalis in Toronto Real Estate News

When I reported last month that real estate prices increased by just $298 in July 2008, I wondered when Toronto would see its first...

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Is Toronto’s Real Estate Market on Shaky Ground?

John Pasalis in Toronto Real Estate News

Many of our readers have been a bit concerned about the rise in inventory (homes available for sale) in Toronto’s real estate market. ...

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Home Sales Rise 3.1% in the US?

John in Real Estate Trends

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Did Garth Turner Impact Toronto's Real Estate Market?

John Pasalis in Toronto Real Estate News

When economists see a significant and sustained deviation from recent trends in data, they try to find the factor(s) that may have...

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Detroit Home Sells for $1

John Pasalis in Real Estate Trends

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Will Toronto be Spared a Major Real Estate Correction?

John Pasalis in Toronto Real Estate News

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Toronto's Real Estate Market - Are Things as Bad as They Seem?

John Pasalis in Toronto Real Estate News

Updated (3:49pm 8/14/2008) :The Toronto Real Estate Board’s Market Watch reports for May and December of 2007 incorrectly swapped the...

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$298 - Appreciation in Toronto Real Estate for July 2008

John Pasalis in Toronto Real Estate News

Some interesting numbers from the Toronto Real Estate Board this month.

The average sale price for a home in the City of Toronto last...

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Canada’s Real Estate Market – An International Perspective

John Pasalis in Toronto Real Estate News

A few months ago I did a live online Q&A on globeandmail.com where I had the opportunity to answer questions about Toronto’s real...

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Q1 2008 Toronto Real Estate Sales Drop 21% Over Last Year

John Pasalis in Toronto Real Estate News

Last week we released our Q1 2008 Move Smartly Housing Report which offers a detailed summary of real estate sales by neighbourhood. ...

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Toronto Real Estate Board says Multiple Offer Process is Fine the Way It Is

John Pasalis in Toronto Real Estate News

One of our reasons for launching realosophy.com was to educate consumers about some of the not so nice things that can go on in the real...

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Government of Canada Makes it Harder to Qualify for a Mortgage

John Pasalis in Toronto Real Estate News

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Bird's Eye View of Toronto Homes

John Pasalis in Real Estate Trends

I am a pretty loyal user of Google Maps but over the past few months I have been using Microsoft’s Live Maps when I want to map houses or...

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Toronto Real Estate Sales Down 18% in June Inventory Up 22%

John Pasalis in Toronto Real Estate News

The latest numbers from the Toronto Real Estate Board:

Download the Complete Market Watch Report

The trend toward more balanced market...

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The Future of the Online Real Estate Search in Canada

John Pasalis in Real Estate Trends

The Globe and Mail interviewed me for an article published this weekend about a local real estate site called Housing123.com that the...

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Toronto Real Estate Sales Continue to Drop in June

John Pasalis in Toronto Real Estate News

The story for Toronto’s real estate market continues to be consistent half way through June.  Prices continue to rise and sales...

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More Than 1 Million US Homes in Foreclosure

John Pasalis in Real Estate Trends

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Buy 1 Get 1 Free Houses

John Pasalis in Real Estate Trends

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Ontario Land Transfer Tax Refund for First-Time Home Buyers Now Law

John Pasalis in Toronto Real Estate News, Home Buying Tips

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Toronto Real Estate Sales Down 19% in May

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board recorded 9,411 sales in the Greater Toronto Area in May 2008, a 16%  decline over last year.  Prices...

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Toronto Condo Investors Not Buying Like They Used To

John Pasalis in Toronto Real Estate News

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World's First Billion Dollar Home to Rise in Mumbai

John Pasalis in Real Estate Trends

I just came across a Forbes article covering the world's first billion dollar home.  The home is being built for Indian billionaire and...

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CMHC Analyst Weighs in on Toronto's Condo Market

John Pasalis in Toronto Real Estate News, Condo Buying Tips

Last week I raised a couple of concerns about a recent Canada Mortgage and Housing Corporation (CMHC) report that...

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Toronto Real Estate Sales Show a Softer Market Mid May

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their sales figures for the first half of May 2008 and the statistics continue to show a softer...

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No Crash Expected for Toronto's Condo Market: CMHC

John Pasalis in Toronto Real Estate News

Two housing reports released this week have been making headlines across the country.  The reports from Scotiabank and CMHC are...

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A Milder Economic Slowdown for Canada: OECD

John Pasalis in Toronto Real Estate News

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Repeat Buyers Lift Toronto Real Estate Market to Record Heights in 2007

John Pasalis in Toronto Real Estate News

Earlier this week Realosophy.com released their first Quarterly Move Smartly Housing Report to subscribers. 

The Realosophy team is...

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How Important is Parking to Toronto Condo Buyers?

John Pasalis in Toronto Real Estate News

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Toronto Real Estate Prices and Inventory Rise In April

John Pasalis in Toronto Real Estate News

The Toronto Real Estate Board released their sales for April 2008.  It wasn't much of a surprise to see that sales declined 7% in April...

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Forecasting Toronto’s Real Estate Market a Tricky Business

John Pasalis in Toronto Real Estate News

Last Friday I was invited to answer questions about Toronto’s real estate market in a live online discussion on globeandmail.com. I...

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Toronto's Real Estate Market - Boring for the Next Couple of Years

John Pasalis in Toronto Real Estate News

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Is a 40-Year Mortgage Hazardous for your Financial Health?

John Pasalis in Money, Home Buying Tips

Last week, the Toronto Star’s Ellen Roseman wrote an article titled 40-year Mortgage Comes with Hidden Hazards. On Move Smartly, we...

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What's Going on With Toronto's Real Estate Market?

John in Toronto Real Estate News

There were a couple of reports yesterday that are sure to make the average home buyers head spin.

While the Toronto Real Estate Board announced a...

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Toronto Real Estate Sales Down 22% in March

John in Toronto Real Estate News

Here are the latest numbers from the Toronto Real Estate Board.

Low inventory levels kept the Greater Toronto Area resale housing market brisk but...

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Another Reason Why People Don’t Trust Real Estate Agents

John in Home Buying, Home Selling Tips

Multiple Representation (also referred to as Dual Agency) can occur when one agent represents both the buyer and the seller in a real estate...

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Why is Toronto's Real Estate Market Cooling Down?

John in Toronto Real Estate News

The Toronto Real Estate Board released their statistics for the first half of March and it's no surprise to hear that sales in the GTA are...

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Toronto Real Estate Sales Down 14% Mid March

John in Toronto Real Estate News

Here's is the latest press release from the Toronto Real Estate Board:

Resale home transactions in the Greater Toronto Area continued at a...

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Canadian MP Turns Real Estate Bubble Theorist

John in Toronto Real Estate News

There’s a new book on the market that is sure to satisfy Toronto real estate bubble theorists. While I haven’t read it yet, recent media...

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Top 10 Things You Should Know Before Buying A New Condo

John in Condo Buying Tips, Legal

A couple of months ago, CBCs’ Marketplace had a great feature that highlighted many of the problems that buyers of new condominiums are faced...

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Toronto Real Estate Sales down 11% in February

John in Toronto Real Estate News

Real estate sales rebounded slightly in the second half of February according to the Toronto Real Estate Board.   Resale sales were down 14%...

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Toronto Condo Developer Misses the Mark with Facebook Advertising Campaign

John in Toronto Real Estate News

Urbancorp, the developer behind West Side Lofts and Bridge Condos, is Toronto’s first condo developer to leverage Facebook’s new advertising...

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Snow Storms Impacting Toronto Real Estate Sales?

John in Toronto Real Estate News

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Toronto Real Estate Sales Drop 14% in February

John in Toronto Real Estate News

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Monitoring Agents: Is a Mistake Always Unethical?

John in Toronto Real Estate News

Any time a realtor represents a family member in a real estate transaction, this relationship must be disclosed to all parties involved. Being...

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Using Demographic Data to Bring Toronto Neighbourhoods to Life

John in Realosophy News

After months of work, I’m excited that the Realosophy team has added some great updates to our site. One of our goals when we first started was to help...

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Is the Toronto Real Estate Market Really Cooling Down?

John in Toronto Real Estate News

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Toronto Real Estate Market Watch - January 2008

John in Toronto Real Estate News

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Is Now a Good Time to Choose a Variable Rate Mortgage?

John in HomeBuying, Money

With all the news about interest rate cuts recently, many home buyers are wondering if now is the right time to go with a variable rate mortgage. The...

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Is Now the Right Time to Buy Real Estate in Toronto (Part 2)

John in Home Buying, Toronto Real Estate News

In a previous post I addressed the one question that’s on most first time buyers minds; is now the right time to buy my first...

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Are Toronto Condos a Better Investment than Detached Homes?

John in Toronto Real Estate News

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No Drake Hotel For Queen Street East

John in Leslieville, Toronto Real Estate News

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Leslieville Lofts

John in Leslieville, Toronto Condos and Lofts

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Is now the right time to buy your first home in Toronto?

John in HomeBuying, Toronto Real Estate News

It’s a tough time to be a first-time home buyer in Toronto. Toronto’s eleven year real estate boom has left many first time buyers...

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Toronto Real Estate Sales Up 12% in 2007

John in Toronto Real Estate News

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The Start of Fairer Competition? Toronto Real Estate Board Sued for $41 Million

John in Toronto Real Estate News

REM, a Canadian real estate industry publication, reports that discount brokerage Realtysellers is suing the Toronto Real Estate Board for $41...

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Potential Pitfalls of Winning a Multiple Offer

John in Home Buying, Legal

Multiple offers on homes are a common occurrence in Toronto’s hot real estate market. For those unfamiliar with the dynamics of a multiple offer, go...

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Toronto Real Estate Sales Break Two Records in November

John in Toronto Real Estate News

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UK Home Information Packs: More Protection for HomeBuyers?

John in Home Buying, Media Roundup

Home Information Packs (HIPs) were introduced in the UK this past summer as a way to improve transparency in the HomeBuying process. HIPs...

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Canadian Interest Rates Impacted by US Subprime Collapse

John in Money, Media Roundup

Rob Carrick from the Globe and Mail had a great article last week that highlighted the effects the US subprime mortgage collapse is having on...

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What Does the Future Hold for Toronto's Condo Investors? Windfall or Bust?

John in Condo Buying, Toronto Real Estate News

Now that the dust has settled on the insanity that was the 1 Bloor broker preview, we can start asking what the future holds for...

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Aura - Canada's Largest Condo Tower?

John in Toronto Condos and Lofts, Toronto Real Estate News

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Condo Madness in Toronto: 1 Bloor West

John in Toronto Condos and Lofts and Toronto Real Estate News

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Trouble Selling Your Home? Unable to Find a Home to Buy? Double-Check the MLS Listing...

John in Home Buying

Real estate agents have a saying; a well-listed property is half-sold. The term ‘well-listed’ refers to the information the listing agent entered into the...

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Toronto's October Real Estate Market up 15% Over Last Year

John in Toronto Real Estate News

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The Modern on Richmond Street

John in Toronto Condos and Lofts

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Real Estate Fines: Just a Cost of Doing Business for Some Realtors

John in Toronto Real Estate News, Home Buying

The victims of a phantom (or fake) multiple offer recently came forward to tell their story to Toronto Star reporter Gail Swainson....

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idea Condominium - new thinking just west of Toronto

John in Toronto Condos and Lofts

idea At a Glance

Neighbourhood: Long BranchTotal Suites: To be announcedExpected Occupancy: December 2009Developer: Queenscorp Residences...

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Real Insight: Making Sense of Real Estate Statistics

John in HomeBuying, Money, Toronto Real Estate News, Real Insight

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

Some...

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The Trump Tower is Breaking Ground in Toronto

John in Condos

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Cube Lofts in Toronto's Little Italy

John in Condos

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Toronto's September Real Estate Market up 4% over Last Year

John in Toronto Real Estate News

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Promenade on the Danforth Condo

John in Condos

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1820s Farmhouse For Sale in Etobicoke

John in Toronto Real Estate News

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Real Life: Is it the Right Time to Upgrade Your Home?

John in HomeBuying, Money, Lifestyle, Real Life

Ed note.  Real Life is a periodic feature detailing stories about the situations HomeBuyers encounter in the real world.

A...

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Condo Update - Corktown District - Final Phase Release Date

John in Condos

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Autumn Market Going Strong in Toronto

John in Toronto Real Estate News

Here are the latest housing stats, in the words of the Toronto Real Estate Board:

September 20, 2007 -- With 3,236 sales so far this month,...

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128 Day Avenue - Toronto's Smallest House is For Sale

John in Toronto Real Estate News

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Why Toronto Needs a Consumer-Focused Real Estate Website

John in Realosophy News, HomeBuying

The absence of consumer protection in the real estate industry was one of the main reasons our team started Realosophy.  HomeBuyers are the...

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Real Insight: Is the 40-Year Mortgage Bad News for Canadian HomeBuyers?

John in Money, HomeBuying, Real Insight, In the News

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

Last weekend’s...

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Real Estate Sales In Toronto - August 2007 is 5th Consecutive Record-Setting Month

John in Toronto Real Estate News

Here are the latest housing stats, in the words of the Toronto Real Estate Board:

August 2007 became the fifth record-setting month in a row,...

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Extended Amortizations and Toronto's Real Estate Market: Real Opportunity or Bubble Booster?

John in HomeBuying, Toronto Real Estate News

Talk about real estate in Toronto usually centers on the city’s booming housing market. For the past seven years, we’ve been...

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Why Every Real Estate Investor Needs a Good Lawyer

John in Toronto Real Estate News, Legal

An article in the Globe and Mail this weekend tells the story of a handful of investors who pre-purchased condominium suites at the now...

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Corktown District Phase 2

John in Condos

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US Subprime Mortgage Crisis: Here's to Being Boring, Canadian-Style

John in Toronto Real Estate News

I came across a New York Times article this weekend that outlines the lending practices of one of the US's largest mortgage lenders, Countrywide...

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The Nuts and Bolts of the US Subprime Mortgage Market

John in Toronto Real Estate News

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Rezen Condo

John in Condos

Rezen is a new condominium project currently under construction at the corner of Frederick and Adelaide, just west of Sherbourne. This condo is a short walk from...

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The US Real Estate Market Meltdown: is Toronto Next?

John in Toronto Real Estate News

The persistence of Toronto’s red hot real estate market has left many HomeBuyers wondering if things are ever going to slow down. The US real...

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Real Insight: Do You Need an Agent if You are Buying a Home Privately?

John in Real Insight, HomeBuying

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

A couple I know was recently given the...

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Media Roundup - August 10th, 2007

In the News

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Toronto's Boutique Condo Update

John in Condos

Rumor has it that Boutique Condos will be adding an additional 16 floors on top of its Phase 2 condo at the corners of Nelson and Simcoe in Toronto's ...

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Toronto's July Real Estate Market Sets Record

John in Toronto Real Estate News

New stats reveal that Toronto’s red hot real estate market is showing no signs of slowing down.  July’s 8,912 total sales is a 26 percent increase...

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Clear Spirit - New Condominium at The Distillery

John in Condos

Five short years ago, the only reason most people were driving by the corner of Cherry and Mill streets was to get to a Toronto landmark, the Canary Restaurant...

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Media Roundup - July 27th, 2007

In the News

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The Multiple Offer: the Real Estate Industry’s Achilles' Heel?

John in HomeBuying, Toronto Real Estate News

An article in the Toronto Star this weekend highlights one HomeBuyer’s experience competing in four bidding wars (multiple offers)....

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Deciding What You Want in a Home—as a Couple

John in HomeBuying

Many HomeBuyers have a difficult time deciding on the type of home and neighbourhood they want to live in.  Couples often have an even harder time because both...

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Real Insight: The Long and Short of Interest Rates

John in Real Insight, Money, HomeBuying

Ed note.  Real Insight is a periodic feature decoding some of the many mysteries surrounding HomeBuying.

Earlier this month, I came across...

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