Tag Archives: Toronto

Real Estate Performance in Toronto for January 2012

ORES Real Estate Index for January 2012  Ontario Real Estate Source By Brian Madigan LL.B. Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as well [...]

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January Sales and Prices Up in Toronto’s Hot Real Estate Market

January 2012 Sales Figures for Toronto and GTA (Up or Down?) Ontario Real Estate Source By Brian Madigan LL.B. The 2012 market started out with a bang! The sales were 4,567 compared to 4,199 last year. Pressure also was placed upon the price which moved up to $463,534. Last year it was $425,762. Sales are [...]

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ORES Investment Index ~ Toronto Real Estate Performance in 2011

ORES Real Estate Index for December 2011  Ontario Real Estate Source By Brian Madigan LL.B. Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as [...]

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Be Careful Buying a Toronto Re-Sale Condo

Is it Safe to Buy a Condo ~ $ 20 million Fraud Ontario Real Estate Source                                  By Brian Madigan LL.B. Channel Property Management operated in Toronto for years under Manzoor Khan of Brampton, Ontario. Channel specialized in condominium management and gained the confidence in many cases of immigrants who identified with him from his native [...]

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Toronto Real Estate Performance ~ July 2011

ORES Real Estate Index for July 2011         Ontario Real Estate Source By Brian Madigan LL.B. The reporting of statistical information by the Toronto Real Estate Board has changed this month. It will no longer be possible to track condos in the same way that we did before. Here is the “ORES [...]

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Toronto Real Estate Performance Index

ORES Real Estate Index for June 2011            Ontario Real Estate Source By Brian Madigan LL.B. It is often difficult to compare various numbers and statistics to one another. Graphs can be helpful, but sometimes you just want to look at the numbers. Here is the “ORES REAL ESTATE INDEX” which [...]

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ORES Real Estate Index for Toronto (May 2011)

ORES Real Estate Index for May 2011 Ontario Real Estate Source By Brian Madigan LL.B. Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as [...]

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ORES Real Estate Index for April 2011

ORES Real Estate Index for April 2011 Ontario Real Estate Source By Brian Madigan LL.B. Here is the “ORES REAL ESTATE INDEX” which tracks the average resale prices of single family homes and condominiums in the Greater Toronto Area (GTA). It also tracks certain benchmark comparisons such as the price of oil and gold, as well [...]

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3 Awesome Lofts in Toronto (and Why)

District Lofts Located at 338 Richmond Street West, the modern District Lofts boasts plenty of living quarters and youth, with completion finished in 2002. What makes the District Lofts the perfect loft location in Toronto are the nearby amenities. Here are 9 reasons you should call the District Lofts home. Watch the Toronto Maple Leafs [...]

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Increases in Toronto House Prices (2011 ~ First Quarter)

Toronto House Price Increases in 2011 Ontario Real Estate Source  By Brian Madigan LL.B. The market always moves up sharply in the Spring, but over the winter months the market moved up 6.82%. In January, the average price of a single family home in the GTA was $427,037. At the end of March, it reached $456,147. [...]

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Toronto Real Estate Performance ~ Sales and Prices

April Mid-Month Report Ontario Real Estate Source By Brian Madigan LL.B. Here are the mid-month numbers for April. This month is always a key indicator of what is going to happen in the Spring market and over the year. We will look at Toronto, the rest of the GTA and the combined figures and compare [...]

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2010 ~ December Sales in Toronto Held Steady

GTA December Sales Steady (Toronto) GTA December Sales Steady Ontario Real Estate Source Brian Madigan LL.B. The sales in the GTA for single family homes held relatively steady in December. So many times, December 2010 is compared to December 2009. But, actually the true measure should be the month of December in the last few [...]

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Opinion: the top 3 qualities in a good Realtor(R)

What three prequisites should a Realtor(R) have? In my opinion, it’s education, relevant work experience, and a secret ingredient: attitude. First, a good education. A real estate agent should have, at the minimum, a post-secondary education with a degree in commerce, business management, marketing or finance. An MBA is a useful asset as you know [...]

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List in December or Wait Until January?

Should You List in December? By Brian Madigan LL.B. (Ontario Real Estate Source) This is an interesting question. The statistics will demonstrate that historically, December is not a good month for real estate sales. However, the buyers and sellers who are around in December are serious and want to do business. Let’s have a look [...]

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Toronto’s 5,000 Page By-law Under Appeal

Omnibus By-Law Sparks Hundreds of Appeals By Brian Madigan LL.B. (Ontario Real Estate Source) Over 700 appeals have been filed against the City of Toronto’s new omnibus by-law. This was the 5,000 page piece of work that was supposed to simplify everything. You may recall that the old City of Toronto, North York, East York, [...]

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Toronto Enforces Old Parking By-Law (decades later)

Toronto Charges Homeowners with Illegal Parking On Their Own Driveway By Brian Madigan LL.B. (Ontario Real Estate Source) You might think this was as a result of Toronto’s new crazy parking by-law that came into force on 1 October 2010. But no, this is an old by-law. Bob has parked on his parent’s driveway in [...]

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Ontario Residential Anti-Smoking Policies

Nobody Likes Second Hand Smoke! By Brian Madigan LL.B. (Ontario Real Estate Source) Not even if you are a smoker. So, what’s the problem? Many multi-plexes, co-operatives and condominiums have difficulty enforcing anti-smoking rules and policies. The Ontario government isn’t of much help. They have lost some supporters recently and they are not looking to [...]

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Toronto Market Steady in October

Toronto Sales Performing as Expected! By Brian Madigan LL.B. (Ontario Real Estate Source) Sorry, that’s not much of a headline, particularly when you just read in the newspapers that sales were down by 21% in the month of October alone. That’s a disaster. What could be worse than that? If you just look at October [...]

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Seller Late to Vacate ~ Buyer’s Options

Seller’s Tardiness ~ Buyer’s Remedies  ontariorealestatesource.blogspot.com By Brian Madigan LL.B. (Ontario Real Estate Source) The standard form agreement of purchase and sale in Ontario as drafted by the Ontario Real Estate Association (OREA), provides as follows: 2. Completion Date: This agreement shall be completed by no later than 6:00 pm on the 15th of November [...]

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Toronto Real Estate Sales are Up not Down!

Toronto Sales are Up not Down! ontariorealestatesource.blogspot.com By Brian Madigan LL.B. (Ontario Real Estate Source) I know that you thought that the sales were going down and that interest rates and the HST had killed the market. You just read newspaper headlines indicating that the market is going down. As evidence of that fact, they [...]

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