Three Things to Know about December’s Real Estate Market

Earlier this month, the Toronto Real Estate Board released market statistics for December, 2016.

These final statistics for the year are always of big interest to Realtors as we take note of how the year finished up.

I went to the Realtor’s Decide event in early January, where over 40,000 Ontario Realtors gathered to decide what prices will be for the new year.  It is held up in Timmins, Ontario and very few people realize that the official population of Timmins is greatly exaggerated due to our meeting there.  The census shows the population at 43,615 but all except about 2,000 are just Realtors in town for that meeting.  The remaining 2K is mostly people who moved there to be near the Shania Twain Centre.

In all honesty, it is always a very interesting read.  The next time you notice a new batch of media stories about the real estate market or average sale prices, take a look at the date and you’ll find it is somewhere around the 4th or 5th of the month.

The market data that TREB releases is the basis for lots of these stories.  Well, the basis for lots of the headlines at least, as most of the stories pick an angle and focus on it pretty narrowly.

In December, 2016, the focus of most media stories was that 2016 was the second year in a row with record breaking sales.  There is, of course, more to what happened in the month than just that. Continue reading

This is what 2016 looked like for me!

 

I hope that you and your loved ones had a fantastic holiday break and rang in the new year in style!

My Christmas was wonderful, filled with friends, family and food.  I cleverly got ahead of that whole holiday weight gain problem by gaining weight in early December.  That way, when I gained weight from all the Christmas dinners and treats, I barely noticed it.

Now that 2017 is underway, I thought I would take a minute to share what my year in real estate looked like.

It was a great year for me, both in terms of the clients that I got a chance to help buy, sell and rent, as well as in terms of numbers.

In fact, it was my best year yet on the number side.  I sold more properties in 2016 than any previous year and I helped more clients buy homes as well!  I did just over $10 million in volume (that’s the dollar value of the transactions, not my commission!) and did 20 transactions all told.

Below are pictures of the properties that I helped clients buy or sell in 2016.  Each picture represents a different property and as you can see, I did a mix of houses and condos as well as a commercial property. Continue reading

Were my predictions for 2016 wrong?

Back in January, I wrote some predictions about what would happen to real estate in 2016.

As the year is drawing to a close, I thought it would be fun to look back and see how I did with my predictions.

I first looked at what I predicted would happen in 2016 outside of real estate.  I am afraid to say I was a bit off when it came to these predictions: Continue reading

The busiest day of the year is coming up!

I will keep this brief as I think it is about time I started my Christmas shopping.

I know what you’re thinking.  “Shopping for Christmas today Jeff?  That’s crazy talk!  Why shop today when it’s only the 23rd?  You have all day tomorrow to shop.”

I know that technically you’re right, but call me old fashioned.  I like to get my shopping done early, so I’m off to the mall.  Just run in, grab some presents and run out.  It will take an hour, tops.

If I waited until tomorrow, I imagine it’ll be pretty busy at the mall.  The thought of all those last-minute shoppers running around looking for presents make me glad I planned ahead to shop today. Continue reading

Three Things to Know about November’s Real Estate Market

Earlier this month, the Toronto Real Estate Board released market statistics for November, 2016.

The debate over the statistics for November took place in a speakeasy hidden behind a dry cleaners in east Toronto.  The crowd was split evenly between Realtors from Toronto and the 905 area code, along with one visiting fellow from Halifax, who I think was just there for cocktails.  Things got pretty heated when a Realtor from Rosedale confused Brampton with Brantford and I can no longer do business outside of Toronto without bringing some fellow 416 Realtors as protection. Continue reading

A Tale of Two Triplexes

As we approach the start of a new year, I’m having a lot of conversations with clients and friends about investment properties.

I know I’m in the right business when I get pretty damn excited about those conversations.

The thought of helping people grow their wealth and fund the lifestyle they want through real estate just gets me going.

As such, I’m thrilled that I’m currently working with four clients who want to find investment properties.

The budgets may be different, but each of them is looking for the same thing – a property that cashflows well and that they can use over time to continue to grow their real estate empire. Continue reading

This is when multiple representation makes sense.

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Ever have one of those days where your colleague at work does something dumb?

What about a day when they do this dumb thing in front of your company’s clients or customers?

The whole real estate industry had one of those moments earlier this month, when CBC released a hidden camera investigation on their show Marketplace.  Here’s the link to the video in case you haven’t seen it.

On it, they show footage (via hidden camera) of Continue reading

Three things to know about October’s real estate market.

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Last week, the Toronto Real Estate Board released market statistics for October, 2016.

As is often the case, these statistics were a matter of fierce debate at our monthly Secret Realtor Ball.  Sides were taken, assumptions challenged and outliers were mocked.  A long time husband and wife Realtor team disagreed so vehemently about the impact of agrarian cycles on modern real estate that the rumour is a divorce is in the works.

In all honesty, it is always a very interesting read.  The next time Continue reading

Today We Remember

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Since the end of World War I, a number of commonwealth countries have celebrated a memorial day on November 11th, where we remember the members of the armed forces who have died in the line of duty, as well as those men and women who continue to serve during times of both peace and war.

The date is significant in that it marked the end of hostilities of World War I on that date in 1918. Hostilities formally ended “at the 11th hour of the 11th day of the 11th month”, hence our moment of remembrance at 11:00 a.m. today.

Canadian soldiers have often played a crucial role in conflicts (and in peacekeeping) around the world.  Today they do so as Continue reading