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Monthly Archives: September 2008

How Will the Financial Meltdown Affect the Toronto Housing Market?

Yesterday I was having a conversation with some clients who were discussing the impact that the recent financial tsunami might have on the Toronto real estate market. Before the Wall Street crisis, our market had already begun to slow down.  How did

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Why Retiring Baby Boomers Hold The Key to The Future of Housing Prices in Canada

Let’s face it, with the world’s financial markets in free-fall one day and soaring the next, and the impact of the largely American sub-prime meltdown on the Canadian real estate market still uncertain, it’s not surprising that many current and

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More Homes for Sale and Fewer Buyers – The New Challenge for Home Sellers

True, you may be kicking yourself for not selling your home last year when the market was hot and sellers had the advantage. But selling in a buyers’ market need not be a traumatic experience. Just keep in mind that

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Top Seven Most Offensive Home Buyer Turn Offs and How to Avoid Them

Toronto’s housing market has made a 180-degree turn from a sellers’ to a buyers’ market. That means that buyers are now in the driver’s seat.   What worked in the buying frenzy pre-2008, won’t work now. This is especially true for you as

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Buyer Sues Real Estate Agent Because She Overpaid for Her Home

I overheard the following conversation between two agents at my office a few days ago: “Did you hear about the buyer in the States who is suing her agent because she claims she paid too much for her house?” To which

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Single Biggest Mistake Home Sellers Make in a Buyers Market

Your mother probably warned you to stay out of the sun or you might get burned due to overexposure. Well, I’m here to warn you that overexposing your home to the market could burn you too. When I show a home,

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Leaside Homes for Sale and Average Price – September 2008

Home sales in Leaside comparing August 2007 with August 2008 using total homes sold, average sale price and days on the market.  It is important to point out that these one month statics do not necessarily reflect a market trend. To keep

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Why Toronto Housing Prices Are at Risk

History does repeat itself. The question is … do we heed any of its lessons? For those of us who have been selling real estate in Toronto for more than two decades, the unfolding chain of events we are beginning

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Lawrence Park Homes for Sale and Average Price – September 2008

– August 2007 August 2008 Percentage Change Homes sold 3 1 – Average price $2,966,667 $3,595,000 (*)   Days on market 6 7   Address Type Style Bedrooms Washrooms List Price 71 Buckingham Detached 1 1/2 St 4 2 1549000

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Prime Mid-Town Toronto Home with Five Car Parking Available for Sale

Circa 1910 wonderfully spacious three storey with prime mid-town address! Steps to Yonge St. with Rosedale boutiques, restaurants, ramsden park and subway. Located on a premium 26.17′ x 140′ south lot. Slate floor foyer enters to open concept living and

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