As Realtors, we’ve got access to all sorts of information that lets us peek behind the scenes for a given property. It’s kinda like having x-ray glasses that let us see past the surface.
We often think of moving up the housing ladder as clear-cut, with defined steps and price differences between housing types. The reality is actually quite different.
Real estate deals don’t happen unless the seller and a buyer come to an agreement on the value of the property. Here’s a sale that took almost a year to happen and a $940K drop in price.
In a hot rental market like we’re experiencing in Toronto, understanding how landlords assess a prospective tenant is very important. Here’s a glimpse inside the mind of a landlord.
The age of your house has a huge impact on what components of the home may experience defects and issues. Here’s what is most likely to be causing you problems based on the age of your home.
A mandatory cooling off period on real estate purchases sounds like it might be helpful, but the way it’s being implemented in BC almost guarantees it will make things worse for buyers and sellers.
Every year the government sets a maximum rent increase percentage for the upcoming year. It's called a guideline, but you can't really colour outside the lines. Next year it’s 2.5%, but it doesn’t apply to all rental properties.
In typical markets, about 16% of listings are actually relisted properties that failed to sell the first time around. Our current market isn’t typical and that number is significantly higher depending on where you are located.
Can you lose money by trying to save money? In real estate, cutting commissions to the buying agent can end up costing you a lot more than you think and might be a very dumb idea.
