Tyler Tim Realtor

Is there really an issue with too much supply, or is it something else? There’s a pattern looming over the marketplace, and that is with the flooding of so-called listings, making the marketplace look more saturated than it actually is. “The surge in new listings that has garnered so much attention recently overlooks the fact that many properties are not selling on the scheduled offer night. The same properties are then listed again through the Toronto Real Estate Board”. One listing will count as two, or even three when properties are being listed and then re-listed. “The problem is, some of those listings are just properties being listed for the second or third time within the same month”. This over exaggerates what the marketplace really looks like, driving the statistics out of whack. This should not come as a surprise when some agents price the value of properties under fair market value, where the hope to see some sort of bidding war backfires and agents then resort to re-list...

With the recent 15 per cent tax on overseas capital, changes were bound to happen in the real estate market. Many speculate what kind of changes this policy will have on the Canadian housing real estate market, and a recent report from Christie’s International Real Estate name shockingly not Vancouver but, “ Toronto and Victoria, B.C. as the world’s “hottest” markets for luxury homes as investors flock to Canada for its political and economic stability”. The 15 per cent tax on foreign buyers can be thanked for this, as it is deterring international buyers away from Vancouver and shining the light on Victoria. This is a clear example of rippling effects that city-level policies can have on foreign buyers. Taking a look below, it is clear that Canada is sustaining growth in terms of luxury real estate. The report also highlights another reason that might explain why the Toronto real estate market is still so hot, and especially for luxury real estate. ...