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We are not your average Toronto Real Estate Agents (in fact, Otto has ranked as one of the Top 6 Agents in Canada for Coldwell Banker every year since 2006*) and ThinkTorontoHomes.com is not your average cookie-cutter-templated-Real-Estate website. In today's information hungry world, it is our goal to satisfy your thirst for knowledge and empower you to make the best Real Estate decisions given local Toronto market conditions and your unique situation.  Enjoy...

 

GTA REALTORS┬« RELEASE MID-MONTH RESALE HOUSING FIGURES

TORONTO, January 17, 2014 – Greater Toronto Area REALTORS® reported 1,287 transactions through the TorontoMLS system during the first two weeks of 2014. This result was down by approximately eight per cent compared to 1,396 sales reported during the same period in 2013. New listings entered into the system were down by a greater 20 per cent year-over-year.

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Posted on Friday, January 17, 2014 at 11:37AM by Registered CommenterElaine in | CommentsPost a Comment

GTA REALTORS┬« Report Monthly Resale Housing Market Figures

TORONTO, January 6, 2014 – Greater Toronto Area REALTORS® reported 4,078 residential transactions through the TorontoMLS system in December 2013 – up by almost 14 per cent compared to 3,582 sales reported in December 2012. New listings entered into the TorontoMLS system were down by almost four per cent over the same period.

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Posted on Tuesday, January 7, 2014 at 10:33AM by Registered CommenterElaine in | CommentsPost a Comment

New rules allow mix of fee and percentage

Last week, the Government of Ontario passed Stronger Protection for Ontario Consumers Act, 2013 (also known as Bill 55), which immediately changes the rules around real estate fees to give brokerages and their clients more options for how they structure fees and commissions. It’s an important development that will be of particular interest for sellers, because they typically pay the commission for both the buyer’s and seller’s representatives.

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Posted on Saturday, December 21, 2013 at 10:55AM by Registered CommenterElaine in | CommentsPost a Comment | References1 Reference

GTA REALTORS┬« RELEASE MID-MONTH RESALE HOUSING FIGURES

TORONTO, December 17, 2013 – Greater Toronto Area REALTORS® reported 2,483 residential sales through the TorontoMLS system during the first two weeks of December 2013. This number of transactions represented an 18 per cent increase compared to 2,104 sales reported during the same period in 2012. The number of new listings entered into the TorontoMLS system was basically unchanged from a year ago.

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Posted on Tuesday, December 17, 2013 at 03:03PM by Registered CommenterElaine in | CommentsPost a Comment

Should you help buy your kids a house?

One of the interesting factors supporting real estate growth is the role of financial support of parents and grandparents on some home purchases. The rationale for this growing practice is simple. Parents want their children to be able to get into the real estate market – and live remotely close to the type of neighbourhood they grew up in.

With the average price of a detached house at $635,000 in greater Toronto, and $925,000 in greater Vancouver, it is easy to see a challenge for both first and second-time homebuyers.

If you want to help your child with a home purchase, there are a couple of factors to look at. The first is the parenting philosophy of an individual. The second would be the financial strength of the parent. The third might be the financial strength of the child. The fourth might be the strength of a child’s marriage.

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Posted on Saturday, December 14, 2013 at 02:53PM by Registered CommenterElaine | CommentsPost a Comment | References1 Reference