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Government Action and Market Reaction: What Will the Market Do?

The Toronto real estate market is a very hot topic these days. And when people talk about the market, the hottest topic of all is “What’s the government going to do to cool things down?” Well, it looks like we’re going to find out soon enough because the government is poised to introduce measures that […]

Explaining the Inexplicable in Real Estate

We’ve already established that the world of real estate is weird (see Weird Real Estate Stories if you don’t believe me). It’s also unpredictable as you’ll remember from It’s Not Over Til It’s Over and some of the things that happen are downright Unbelievable But True. But apart from the things that are weird, unpredictable […]

Making Sense of the Market

We had just finished representing our respective buyer clients in a multiple offer situation which resulted in the sellers receiving a jaw dropping, unjustifiably high price when my Realtor friend asked me “What is happening in this market, Michael?” I’m not sure she expected an answer because I don’t think anyone really knows what’s happening, […]

Market Power

Everybody knows the market determines price. It’s a simple matter of supply and demand. This in itself makes the market seem all-powerful because price drives everything. But what if I suggested the market can also determine which types of homes are sold, which types of homes are built, how homes are renovated and more? Here’s […]

Seen THIS Cycle Before!

There are days when real estate shocks me with something I’ve never seen before or could’ve even imagined and then there are days like today when I feel like I’m watching the same movie for the umpteenth time. Most markets tend to go through cycles. The real estate market is no different. We’re now in […]

Why No Listings?

That’s the big question, isn’t it? Why aren’t there more homes on the market in central Toronto? At least that’s the question buyers have been asking for the past 15 years or so. Because if there were more homes on the market, there wouldn’t be so many more buyers than sellers, there wouldn’t be so […]

When In Rome

When you go to Florida, or anywhere hot for that matter, do you wear a down-filled parka? I didn’t think so. Real estate is like that, too. Let me explain. A couple of weeks ago another Realtor told me about clients of hers who were moving to Toronto from out of town. They had sold […]

Emotions? What Emotions?

I was watching House of Cards the other night when one of the characters said something that really struck a chord with me. When asked if his decision was based on emotion, he replied: “You don’t make decisions based on emotion. Decisions based on emotion aren’t decisions. They’re instinct.” I love a show with good […]