Toronto, ON Real Estate News

By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
Toronto city council voted in favor of two new taxes: a municipal land transfer tax (which loosely mirrors the provincial land transfer tax) and a vehicle registration tax. The particularly controversial and unpopular land transfer tax won key support after compromises were made. Providing an exemption for homes under $400000 purchased before the end of 2007, will bring some relief to some, such as pre-construction condo buyers. That said, it is the Toronto Real Estate Board's position that despite the compromises, the second land transfer tax is unfair -- the LTT continues to target 5% of residents (home buyers) to make up the bulk of the city's budget shortfall. Source: Council passes new taxes (Toronto Star)
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By Mark Savel
(Re/max Realtron Realty Inc., Brokerage)
Details of Approved Toronto Land Transfer TaxAs I'm sure everyone has heard by now, the Toronto City Council has approved a municipal land transfer tax that will be levied on top of the provincial land transfer tax.  For the past half year the Toronto Real Estate Board (TREB), along with its real estate members, have worked very hard to oppose this tax.  As a direct result, City Council was forced to make a number of amendments to the City's original proposal, including rebates for first-time buyers, a reduced rate, and grandfathering for existing transactions.The City has not yet provided detailed information on administration or implementation issues. Based on information currently available and with the help of TREB files, i've put together a short FAQ to help bring clarity to this c...
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By Steven Campbell, REALTOR
(Forest Hill Real Estate Inc., Brokerage)
Welcome to Blog Action Day 2007,  I hope everyone is participating, if you would like to join in, hit the banner above.  This year there is expected to be 15000 blogs involved with around 12 million readers, I think this is pretty cool so do your part. Toronto Ikea Stores Offer Hybrid Parking Ikea is has done there part to encourage people to by hybrid cars.  My wife and I were visiting our local Toronto Ikea store and much to my suprise there were "hybrid car" parking only spots.  Right next to the handicapped and expecting mothers parking.  I do drive a honda which is known for lower emissions, but I just thought wow, this is a good idea,  if more stores offered this kind of parking and if car manufactures got there production to the point where the price would come down a little, I ...
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By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
While only the second-best September on record, the Toronto Real Estate Board is reporting September resales up 4% from the same month last year. With year-to-date sales up 9% and 12% from 2005 and 2006, respectively, 2007 is being forecasted to be a record breaking year. Nonetheless, analysts are pointing to signs of a slowdown in 2008, with housing starts trending down and a declining number of respondents contemplating home improvements in the next 12 months. Sources: Home resales set for a record (The Star) September resale market shows strength (Toronto Real Estate Board)
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By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
The Toronto Real Estate Board is reporting a strong start this Fall with the average price and number of resales in the first half of September besting the same period last year by 9% and 11%, respectively. TREB President Maureen O’Neill is already forecasting September to be a record breaking month. Sources: Autumn Market Going Strong
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By Corrie Harding
(RE/MAX Condos Plus)
In a hot real estate market having multiple offers on a home is not surprising. In fact most buyers expect it. But how do you know that there really is another offer on that house. In Ontario the selling agent must inform every buyer of all registered offers on a property but they cannot disclose the terms of price of the competing offers. The process is not exactly transparent. In fact it is very secretive. Enter the phantom offer. The Phantom Offer is used to increase the real buyers offer price and/or ncrease buyer interest in the property. Buyers are tolsd there are 2 registered offers on a home but in fact there may only be one. The unsuspecting buyer ends up bids against themselves. Without the buyer actually see evidence of the competing offers it is almost impossible to know if ...
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By Corrie Harding
(RE/MAX Condos Plus)
Genworth Financial Canada has just released their condo market outlook for summer of 2007 and outlook for condo real estate in Toronto looks good. Sales of Toronto Condos have been steady with modest price increases and this trend looks like it will continue in the near future. This is partly due to the still relative affordablity of condo units. The number of new condominium starts slowed slightly to 13,300 last year but this is still the second highest since 1990. Condo sales rose 4 percent last year the average condo real estate price has risen 6 percent for the past two years. The Genforth report has predicted that sales of condo reale state in Toronto will ease slightly this year but then increase to 5-7 percent through the rest of their forecast period which is into 2010. This ye...
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By Toronto's 2 Hounds Design: Decorating + Staging
(2 Hounds Design + Home Staging)
Here is my first crack at using Real Estate Shows...I just wanted to have a little bit of fun with it: I actually created this show mid May, but just now had the time to learn how to embed it. Thanks Jeff for the video how to! This is very simple to do and of course, highly recommened to use as a marketing tool for showcasing our staging...and personalities! Let me know what you think!
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By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
The Toronto Real Estate Board posted a new August record, making this the 5th consecutive record breaking month. While prices are down 1% from last month, year-to-date sales are 12% ahead of 2006, and 13% ahead of 2005 (the best year on record). Source: August sets the stage for strong autumn market (TREB)
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By Toronto's 2 Hounds Design: Decorating + Staging
(2 Hounds Design + Home Staging)
There are some great colour combinations. Here's a start on a list of some of those great combinations: Great Color/Colour CombinationsGreen & Pink   Green & Blue Brown & OrangeBrown & PinkBrown & Blue  Grey & BlackGrey & PurpleTan & RedTan & BlackGenerally you will have a 3rd &/or 4th neutrals in there but this is all about the colour!As I find stock photos with the combinations I'll add to the blog.
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By Toronto's 2 Hounds Design: Decorating + Staging
(2 Hounds Design + Home Staging)
Judy Kincaid recently wrote a great post on her blog:  No more Ms. Nice Gal...the kid gloves are coming off! Tina Parkerhad a great suggestion in her comment on Judy's blog. Tina suggested blogs on how to get started as a stager when you have nothing. So I thought I'd get the ball rolling with this blog. As a new stager you have to understand the service you are selling is purely subjective. You are selling your talent. Always keep this in mind and when you are making decisions on how to promote yourself ask the question; 'is this a true representation of my work & talent'. Potential clients will contact you based on the work you display on your website and in your portfolio. They do not ASK if it is your work...why? Because you are showing them your portfolio...why would you misreprese...
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By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
Before I get to the list, I will note that other than being the magazine's Associate Editor, Gillian Grace is not a registered salesperson/broker, and she does not present her qualifications, cite sources, nor quote statistics to support her real estate prognostication. But emblazoned on the cover of this month's "Toronto Life", we see the eye catching title, "WHERE TO BUY NOW" - "THE NEXT HOT NEIGHBOURHOODS*". And let's not forget the reassuring footnote in the corner, "everything you need to know before you buy"! Yes, Toronto Life's Gillian Grace, picks 5 up-and-coming Toronto neighbourhoods, as home buyers seek out bargain alternatives to the higher-priced, "hot" neighbourhods, namely: Beaconsfield Village (the "next" Trinity-Bellwoods) Hillcrest (the "next" Annex) The Junction (the ...
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By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
The Building Industry and Land Development Association (BILD) -- formerly the Greater Toronto Home Builders' Association -- weighed in on the RealNet's information release for July new home sales. Interesting observations and stats: Sales of Low rise vs High rise units nearly even (compared with 65/35 split 5 years ago) 89.6% growth (July 2006 vs July 2007) in GTA high rise sales New home sales up 15% year-to-date (vs same period last year) Sources: New home, high rise close: officials (National Post) Condo sales explode to record summer highs (CTV)
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By Toronto's 2 Hounds Design: Decorating + Staging
(2 Hounds Design + Home Staging)
Hi all!I was away for a week in North Carolina and did not want to leave. It is such a beautiful state and of course most of you know already, I love the U.S. I'd move there in a heartbeat if they'd let me!Well, I bought a new vehicle while in N.C. A new Honda Pilot. I love it! I got back to Canada, and home last Wednesday just in time for my son to have his eye surgery Thursday morning at Sick Children's Hospital in Toronto.Surgery went well, and seeing as it was 'day surgery' we were home early afternoon and in good spirits. All that changed the day after the surgery. My son, "Sticky", woke up with a fever and it went down hill from there. We have been back at Sick Kids since Saturday morning. My wee man had to have a CT Scan which lead to an emergency operation on the same eye at 2:0...
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By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
The statisticians are weighing in with their latest reports, and real estate resales in Toronto and Canada are far from the doom-and-gloom now shaking up the stock market (i.e., a broad market correction). For the first half of August, the Toronto Real Estate Board reports resale transactions are up 17% from the same period in 2006. Meanwhile, days on market (DOM) is down to 32 days (from 38 days). The Canadian Real Estate Association finds a 13.1% increase in the average sale price of a home (in the country's 25 largest markets), year over year. Similarly, year-to-date unit sales are up 10.3% from last year. Sources: Canadian Housing Prices Rise 13% (National Post/Financial Post) August Prepares to Roar into Fall Market (TREB)
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By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
The Toronto Real Estate Board is reporting July 2007 as the best July ever -- well, since records were kept -- and 26% more active than July '06. And year-to-date transactions are up 13% from the same time last year. Notable increases were reported in Toronto's Riverdale, Etobicoke's South Humber, North York, and Richmond Hill. Source: Resale market shows strongest summer performance! (TREB) July: More Records Broken (TREB)
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By Jarrett Hunter, Sales Representative
(Royal LePage)
As Posted in my Podcast at www.TuneinRealEstate.com and my website blog at www.Jarrett.ca or www.CondosinDowntownToronto.com: Hi, my name is Jarrett Hunter and I am a downtown Toronto realtor with Royal LePage. This is the market information for April 2007 for my area which is downtown Toronto – best defined as the area south of Bloor Street to the lake, west of the Don Valley Parkway and east of Dufferin Street. – I like to refer to it as “the Core.” Although the numbers are not all in for July, it looks like another record breaking month for sales. Our mid-month totals were up 21% over last July’s mid-month and there doesn’t seem to be any slow down in sight. Other significant numbers quoted recently was the moderate average price increases over last July’s prices of only 8% which is ...
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The success of my commercial real estate website has allowed me to be selected by SiteSell Education as an instructor at Humber College. My website gets free leads every day, no Search Engine Optimization necessary. I can teach anyone how to build a successful real estate business or indeed a web business of any kind. For more information read the article below. Warmly Anthony Dyson  www.the-real-estate-lease-advisor.comBuilding A Successful Business Using the Internet A NEW 10 WEEK COURSE AT HUMBER COLLEGE STARTING SEPT 15th THRU NOV 24th: Does your website get found by the search engines and build free, targeted traffic ? It should. This exciting new course at Humber College guides you step by step through the process of building a high traffic income generating website. At the end of...
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By Toronto's 2 Hounds Design: Decorating + Staging
(2 Hounds Design + Home Staging)
Here are a couple of the purchases I made yesterday.I picked up these Nautica bedding sets in Queen and Twin for an amazing price!These were my big splurge. I didn't pay retail (couldn't afford to) but they were on sale so I had to have them. I was going to buy 3 but at the cash register I broke one (that was why I was buying 3). So I've come home with just 2. I will only place these in high-end vacant homes. (The picture is of the smooth silver, I bought the 'hammered' silver). They are sooooooo hot!The focus of 2 Hounds Design + Home Staging is on vacant high-end properties. Our inventory, although small (it is growing) is suited to high-mid to luxury properties.Nothing says 'lifestyle' like quality!  
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By Anthon Pang, Broker
(iPro Realty Ltd., Brokerage)
Empire's "Beyond the Sea" development (near Lakeshore and Parklawn) sold out the phase 1 tower within a few hours, on the first day of a public release in June. Today's release of units in the south tower (phase 2; completion in 2010) has garnered similar interest with buyers or their agents lined up (some camping on lawnchairs) outside the sales office. Update: apparently, some people in the crowd got a little unruly in the evening, and both security and police were called in to ease tensions. Get this: Realtors required to register and wear wristbands to "bid" on units. Source: Dozens line up for chance to bid on condos
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