Loading...

What Happens When Government Manipulates and Distorts Real Estate Market

Tuesday Dec 11th, 2018

Share
Fuad_Abasov_Real_Estate

The crazy rise in house prices across southern Ontario (which should have been taken care of then) in 2016-17 was a big money maker for the government. The Public Accounts show the province earned $2.73 billion in land transfer tax, a 29 per cent jump from 2015. Province was projecting even more land transfer tax 2017-2018, close to $3.14 billion, but due to new regulations RE Market screeched to a halt. As of today Real estate slowdown costs Toronto nearly $100-million, and it could cost... [read more]

The Cost of Selling Your Home Without a Real Estate Agent

Friday Feb 22nd, 2019

Share
FSBO_Fuad_Abasov_Real_Estate

The article below is a good read for those who are planning to sell themselves, through Comfree or other similar services out there.  Although topic covers many important points I would like to add to it. Sellers are always attached to their homes and can easily become emotional during negotiation process when a lowball offer comes in (and it WILL come in). Negotiations simply do not end up well, home goes back on the market and in 90-95% of cases is re-listed on the Market with an... [read more]

FOR SALE: 88 BELLAGIO CRESCENT | VAUGHAN

Saturday Feb 24th, 2018

Share

88 BELLAGIO CRESCENT - VAUGHAN Exquisite Fully Upgraded Home Like This Don't Come Up For Sale Very Often In Vaughan. From The Moment You Walk In, You Feel The Love In Details; Enjoy A Book On The Secluded Patio On The Lower/Upper Deck In The Wrap-Around Yard, Entertain Friends In The Bar/Lounge Area Of A W/O Basement, Taste Wine In One-Of-A-Kind Wine Cellar Or Create Delicious Meals In The Gourmet Chef's Kitchen. Everyone In The Family Will Enjoy All The Upgrades That Make This Gem... [read more]

MARKET PROGNOSIS FOR 2018

Monday Jan 08th, 2018

Share

  2017 Was a Bumpy Ride for Real Estate In Canada. Would 2018 Be a Smooth Sailing? FOR BUYERS: There are two strong headwinds when it comes to buying activity in 2018: Tighter mortgage lending rules and the threat of higher interest rates. Because of tighter mortgage lending rules, buyers simply can’t afford to buy the same house as they would have in 2017. This could mean shaving anywhere from 5% to 25% off your maximum house-price budget—although consensus shows it... [read more]

MARKET STATISTICS - NOVEMBER 2017

Thursday Dec 07th, 2017

Share

On a year-over-year basis, sales were down by 13.3 per cent compared to November 2016. Click To View November Stats A wave of new listings pushed home prices lower in Toronto in November as sellers try to lock in deals before new mortgage stress-testing rules take effect in January. The Toronto Real Estate Board (TREB) said the average home sold for $761,757 in the Greater Toronto Area (GTA) in November, down 2.4 per cent compared with October. The November drop halted a modest price... [read more]

READ MORE

Let's Chat Email Your Questions