Archive for July, 2010

Real Estate Closing Costs 101

Real Estate Closing Costs Photo

     Part of my job as a realtor is to educate my clients about the costs involved with buying and selling real estate.  Sellers generally have to deal with lawyer fees, real estate commission, and in some cases, the costs of discharging their mortgage.  Buyers have a whole other set of costs to budget for.

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Who’s Going To Buy My Property If They Also Have To Assume My Tenant?

Who's Going To Buy My Property If They Also Have To Assume My Tenant? Photo

     In the Toronto real estate market, tenanted properties come up for sale all the time.  Listings for houses with basement tenants, for example, are quite common.  And there’s certainly no shortage of renter-occupied condos for sale.  There’s one very important distinguishing question for the potential buyer of such a property though, “Can I take vacant possession or do I have to assume the tenant?”

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Toronto Real Estate Market Report: July 2010 Mid-Month Statistics

Toronto Real Estate Market Report: July 2010 Mid-Month Statistics Photo

Greater Toronto REALTORS® reported 4,139 sales through the Multiple Listing Service® (MLS®) during the first two weeks of June 2010.  This represented a 20 per cent decrease compared to the 5,185 sales recorded during the same period in 2009.  New listings increased by 21 per cent annually to 7,985…

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Spotlight: “King George Square” In The St Lawrence Market Area

King George Square In The St Lawrence Market Area Photo

     More often than not, when I meet someone looking to purchase a condo in the St Lawrence Market area they already have a short-list of the top 3 or 4 buildings they’re most interested in.  “King George Square is usually on this list.  Even if they don’t know the name or the address of the building, it’s immediately apparent which one they’re talking about: “You know, that building on King Street just down from St James Park.  The one with the iron gates out front.  You know, the one that’s across the street from Starbucks.”

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Toronto Real Estate Market Report: June 2010 Statistics

Toronto Real Estate Market Report: June 2010 Statistics Photo

     Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June.  This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009.  Sales for the second quarter of 2010 amounted to 28,810 – up one percent annually.  Year-to-date sales through June were up 23 per cent to 50,455compared to the first six months of 2009.

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Happy Canada Day!

By on July 1, 2010 in Events, Video with 0 Comments

     It’s been a helluva couple of weeks here in Toronto.  An earthquake, the G20 summit, a devastating World Cup loss for fans in Corso Italia and Little Italy.  It’s safe to say I’m not the only one looking forward to taking it easy for a few days.  What better way to get started than with a little Stompin’ Tom Connors?  Happy Birthday Canada!  Enjoy the long weekend!

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