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8 things I'd change as King of Real Estate - Part III

Thursday Nov 26th, 2020

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Here we are with Part 3 of this three part series with me complaining about stuff I don't like about real estate currently. You can find Part 1 here and Part 2 here. On the last two points, one is a provincial matter, and the other one is a much broader issue but I'll focus on some possible Ontario and Toronto solutions. 7) Home Inspection certification As Bob Aaron, long time real estate law columnist in the Toronto Star put it, In Ontario, anyone with a business card... [read more]

The Home Price Index - what it is and why TREB is pushing it more

Monday Sep 25th, 2017

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The MLS® Home Price Index ("HPI") has been emphasized a bit more by the Toronto Real Estate Board ("TREB") recently, and I've been seeing it mentioned in the media a bit more of late. This index is supposed to work like the Consumer Price Index ("CPI") that most are familiar with. The CPI tracks changes in price of a "basket of goods and services," while the HPI tracks a "basket of home attributes." In both cases what's in the basket... [read more]

Buyers have not lost their minds with unconditional offers

Friday May 14th, 2021

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There have been a lot of articles in the news lately about blind bidding wars and bidding wars in general. Heck, the Toronto Regional Real Estate Board even felt obliged to issue a statement to its members about it: It's topical because through the first 4 months of this year, 69% of freehold (lowrise houses) sales were "sold over asking." So bidding wars are the standard this year (and these rates are even higher in the 905 currently). One of the things that these... [read more]

Toronto's most and least expensive neighbourhoods in 2020

Tuesday Apr 20th, 2021

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Are you curious which of the 144 Toronto neighbourhoods are the most expensive? The least expensive? Yeah, me too, so I dug into it. You will find interactive maps down the page, showing averaged detached prices for all neighbourhoods and which areas had the highest % gains, but first... A little background I've been doing this for a few years now. For example, here are the most and least expensive neighbourhoods for 2019 and 2018. Last year I published a companion... [read more]

Toronto's most and least expensive neighbourhoods in 2019

Monday Jan 27th, 2020

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Are you curious which of the 144 TREB neighbourhoods are the most expensive? The least expensive? Yeah, me too, so I dug into it. You will find an interactive map at the bottom of the page, showing averaged detached prices for all neighbourhoods, but first... A little background First off, here are the most and least expensive neighbourhoods in 2018. I'll publish a companion post to this that shows which areas went up (and down) by the largest dollar amount and percentage;... [read more]

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