Over the past seven days (March 21 to March 27), the number of sales reported on the Toronto Regional Real Estate Board have been down. But that’s okay. Real estate professionals are taking safety measures to prevent the spread of COVID-19. Home sellers who are cautious about buyers looking around their homes are rejecting showing […]
Buying Real Estate Amid COVID-19
We’ve seen a lot of changes in our day to day lives over the past few days. The COVID-19 global pandemic has affected many people and unfortunately many have lost their lives as a result of this. The real estate spring market has been affected due to the restrictions enforced including practices of social distancing, […]
Should You Buy a Coffee Shop… or a Condo?
A franchise coffee shop near my neighbourhood got listed for sale a few days ago. It operates in a leased space approximately 2100 square feet. The listing claims that it earns about $12,000 in sales per week. And it’s listed at $219,000. If you live in the area, chances are you’ve been in this coffee […]
Reduced Interest Rates & Easing of Stress Test Could Lead to Greater Price Growth… But What About the Coronavirus?
With two months into the 2020 real estate market, home sales have set a new record price for February historical sales. The average home price in February 2020 was $910,290 which is an increase of 16.7% over February 2019. February sales leaped 45.6% amounting to 7,256 — a significant increase over 2019. What’s interesting about […]
“Will you give me a cash rebate on closing if I buy a house from you?”
Many business models exist in real estate today. Full service. Discount. For sale by owner. Some business models offer buyers cash back on closing. Let’s talk about how this works and why it isn’t really an advantage for you — based on a real life example. Let’s talk about how cash back rebates work. You […]
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