Archive for September, 2010

Real Estate Lingo 101

Real Estate Lingo 101 Photo

     What’s the difference between a real estate Sales Representative and a Broker?  What does it mean to be represented as a Client versus a Customer?  What’s an “ELF“?  What’s “CAC“?  Every industry has its own set of terms and lingo, and Real Estate is certainly no different.

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

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

     Following is TREB’s market report for mid-September 2010:  Greater Toronto REALTORS® reported 2,623 sales through the Multiple Listing Service® (MLS®) during the first two weeks of September 2010.  This represented a 22 per cent decrease compared to the 3,361 sales recorded during the same period in 2009. Year-to-date sales amounted to 65,455, representing a six per cent increase compared to 2009.

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Will Mutliple-Offers Make A Comeback This Fall?

Will Mutliple-Offers Make A Comeback This Fall? Photo

On Tuesday I helped a client of mine purchase a great 2 bedroom + den/2 bathroom condo in St Lawrence Market.

The unit had only been on the market for 5 days, yet we found ourselves competing with two other buyers.

The sellers purposely listed the property approx 5-6% under market value and held-back on reviewing offers until after the long weekend.

Needless to say, the property sold firm for over asking.

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Toronto Real Estate Market Report: August 2010 Statistics

 Toronto Real Estate Market Report: August 2010 Statistics Photo

     Greater Toronto REALTORS® reported 6,232 sales through the Multiple Listing Service® (MLS®) in August 2010. This represented a 22 per cent decrease compared to the 8,035 sales recorded during the same period in 2009. New listings decreased by one per cent year-over-year to 10,488.

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