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Is the Sky Falling?

Tuesday May 30th, 2017

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Over the last three weeks, the real estate market in Oakville, and the rest os the GTA has changed dramatically. The Liberal government introduced new policies affecting non-resident buyers and landlords and tenants. I won't be going into much detail about the policies, but rather the effect the mere announcement has had on buyers and sellers in our local real estate market.    Everyone with the slightest bit of interest in real estate has for years and years been saying or... [read more]

Ontario Finance Minister is Reconsidering Foreign Buyer Tax on Real Estate Purchases, among other measures to cool the market

Tuesday May 30th, 2017

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Ontario's finance minister Charles Sousa is reconsidering his opposition to taxing foreign home buyers, saying he is now open to a B.C.-style levy to restrain Toronto’s hot housing market. Finance Minister Charles Sousa said on Thursday he is looking at the tax as one of a number of options to control aggressive growth in home prices, after rejecting such a measure last year. http://www.theglobeandmail.com/…/ontario-r…/article34256991/   Most industry... [read more]

The Buyer's Representation Agreement

Tuesday May 30th, 2017

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Since this is a blog, I'm not sure of every reader's level of savvy when it comes to what the Buyer's Representation Agreement is, when it is signed and what it actually means to you as a buyer. This agreement basically states that you will be a client of which ever agent has you sign it. It can vary in length depending on whatever the agent writes in to this agreement. It also has geographical boundaries (i.e. Oakville, or Burlington, or Toronto). This agreement states the... [read more]

Are you tired of "bidding wars" in the Oakville Real Estate Market?

Tuesday May 30th, 2017

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The overwhelming majority of home buyers in the GTA are incredibly frustrated with the prevailing home buying process of multiple offers a.k.a. "bidding wars".  Surprisingly enough, the majority of Realtors are also quite frustrated in this market as well, since we have to prepare for and attend at least three times as many offer presentations before a home is won, as compared to a balanced market.   The frustration of course is the difference between the asking prices... [read more]

Need to sell your home? It’s all about the marketing

Tuesday May 30th, 2017

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There’s no secret to getting a home sold quickly – the more people that view it, the better your chances of a quick sale. Unfortunately, too many real estate agents take a “list and pray” attitude toward their home-selling clients – trying to get away with sticking a sign into the dirt, a lockbox on the door and two or three photos on the MLS listing.   Sure, that might work in a hot sellers’ market, but it may also fail. Are you willing to take... [read more]

5 Surefire Ways to Burn Money in Real Estate

Tuesday May 30th, 2017

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1) D.I.Y. Do it yourself, do all your own research and then sell your house yourself. Look at MLS every day and learn those asking prices inside and out. Don't believe people who say real estate agents are worth their weight in gold. It's easy to get top dollar because the market is red hot for sellers, just put it on the market and get a bidding war, strategy shmategy. You can get the exact same results as a top flight realtor who literally sells houses every single week for... [read more]

Should we stay or should we go?

Tuesday May 30th, 2017

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To move or not to move, that is the question, right? What's happening with the Oakville real estate market? If we are moving up in price range, when should we buy, and when should we sell? If we are down-sizing, do we buy or sell first? Is it impossible to buy at the right values in this crazy Oakville real estate market? What is the right thing to do for our particular situation?   There are certainly many questions circling around today's Oakville real estate market, and... [read more]

The Sky is not falling!

Thursday May 25th, 2017

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Don't believe the hype people! Still lots of buyers out there, but many of them have chosen to sell first which has created more balance in the market, which has led to a 5% price decline. That's ok, really, if someone told you before the start of the year that your home's value would increase by 28%, would you be happy? Of course you would, would you still be happy if it took 20 days to sell, and you only got one offer? I think you would. Well, that's what's up right now.... [read more]

Foreclosure v.s. Power of Sale

Tuesday Dec 27th, 2016

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In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]

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