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Toronto bidding wars pushing out home inspections

Monday Mar 20th, 2017

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  Toronto's scorching real estate market has the roof falling in on the home inspection industry, where business is down by more than 65 per cent in many areas. That's largely due to the bidding wars and fast-paced home sales in cities across the province, including mid-sized centres like Windsor and London, but particularly in the Toronto area, said Len Inkster of the Ontario Association of Certified Home Inspectors. He quoted real estate industry statistics that... [read more]

Ontarians see real estate market getting stronger

Monday Mar 20th, 2017

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    Ontario residents are feeling more optimistic about the economy in general and the real estate market specifically with a fundamental shift in how they view the market, according to anIpsos poll released Wednesday by the Ontario Real Estate Association (OREA). It showed that confidence has gained a record 27 points since November on the Ontario Homeownership Index. That’s the biggest gain since the OREA began tracking attitudes in 2013. “It is by far... [read more]

Toronto’s suburbs get their share of the real estate frenzy

Monday Mar 20th, 2017

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  Real estate agent Shawn Lackie was greeting house hunters with some trepidation when he listed a house for sale in Whitby, Ont. last week. Multiple offers for desirable houses have been common in the suburbs surrounding Toronto for more than a year now, but Mr. Lackie wasn’t sure if a neglected fixer-upper would inspire a frenzy or a revolt. “It was a beautiful home in its day – which was about 1994,” says Mr. Lackie of Coldwell Banker RMR Real... [read more]

In Toronto housing market, ‘Everyone wants what other people want'

Monday Mar 20th, 2017

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  During most spring markets in Toronto real estate, agents are flummoxed by the same phenomenon: Buyers tend to get especially enthusiastic about properties when they know that others want them. It works the other way around too: If bidders don’t get the sense that competitors are lurking, they begin second-guessing themselves. Did they miss an unmistakable defect that everyone else saw? It’s clearly human nature, says Christopher Bibby, an agent with Sutton Group... [read more]

Toronto’s east end has the hottest real estate in the city

Monday Mar 20th, 2017

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  The trendiest neighbourhoods in Toronto aren’t in the trendy west end, but the east. Homes north of Danforth Ave. and east of the Don River are selling fast, according to data provided by the Toronto Real Estate Board. The area, which encompasses posh Playter Estates to the west and rough-around-the edges Woodbine-Lumsden further east, boasts the shortest sale times in the city, with homes averaging a mere 12 days on the market compared to a city-wide average of 21... [read more]

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