Archive for August, 2014

7 Offers… And None Of Them Were Good Enough!

7 Offers... And None Of Them Were Good Enough! Photo

What happens when a seller receives 7 competing offers on their house, only to reject them all and then relist the next day at a much higher price?

Is this a smart move on the seller’s part?

Or is it a stupid one?

Well, it’s certainly a risky move; one that can backfire and leave the seller kicking themselves for being greedy…

There’s a house for sale right now in the east-end of the city that’s been on the market for almost 100 days.

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Toronto Real Estate Market Report: July 2014 Statistics

Toronto Real Estate Market Report: July 2014 Statistics Photo

Following is TREB’s market report for July 2014.

Toronto Real Estate Board President Paul Etherington reported strong year-over-year growth for July 2014 sales and the average selling price.

Sales reported by TREB Members through the TorontoMLS system were up by 10 per cent to 9,198.

This was the second-best July sales result on record.

“The second half of 2014 started where the first half left off, with very strong demand for the
diversity of affordable home ownership options in the Greater Toronto Area.

Sales were up strongly for most major home types and market conditions actually tightened, with sales growth outpacing listings growth.

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