Where are the sales happening in Toronto?

Steven Hurst with Real Net - Since January 2000, up to October 31, 2010, RealNet has researched and recorded 428,954 new home sales in the Greater Toronto Area.

Total new home sales are comprised of 161,999 High Rise sales – orange dots including apartment, loft, and stacked townhouse product types; and 266,955 Low Rise sales – green dots including detached, semi-detached, link, and row townhouse product types.

The following video illustrates the monthly sales at every High Rise and Low Rise site over the last 129 months. The bigger the dot, the more monthly sales.

David Pylyp It's Interesting to see the month sales numbers reflected and mapped monthly to show ]how the 905 ring of sales and the transportation corridors compare with the 416 inner city and the down town core near the Toronto Waterfront.

Especially telling is the Humber Bay Shore condo strip ( Lake Shore at Park Lawn to now Windermere) vs the Leslie 401 Bayview growth that has seemingly exploded.

What are your observations?

Avoid 5 common mistakes

The 5 Mistakes that Home Owners make; There is more than Location, Location, Location to Condo or house selection in west Toronto.

Sell Faster; sell with less headache, Sell with someone who understands all the elements in your real estate transaction.

Incorrect Pricing, asking too much merely attracts Buyers and shows that your neighbours house is a better deal. In effective marketing does not attract the correct eyes to your home in Toronto. Poor negotiation gives away thousands that you could have had in your pocket. Poor maintenance issues can make a Buyer think about other unseen repairs.

I will work closely with you to ensure all the elements of your move at considered.

Flat Fee Commissions Now $1 to Selling Broker

Is this the way that you would like to see homes sold in west Toronto?

While many are rubbing their hands with glee about the impending "savings" that will be available as soon as the Competition Bureau invokes the freedom for Providers of Listing Services to list your home on the MLS for a flat fee the lawyers are already hard at work.

You listed your property with a limited service brokerage; who for the sum of IE $199 , $399 or $799 uploaded your listing to the MLS system. They are responsible for nothing else.

You, in the course of your listing agreement were recommended to pay a selling brokerage commission, but hey, why bother, what do you need an agent for?

The Lawyers have been busy also.

Form 202 – Seller Commission Agreement with Co-operating Brokerage for a Listed Property

October 26, 2010 -- Please be advised that Standard Forms has developed a new form to assist Co-operating Brokerages where the Listing Brokerage has indicated in the Remarks to Brokerage field that you can contact the Seller directly for showings and to negotiate payment of commission.

If the listing so indicates, then the Co-operating Brokerage is at liberty to deal with the Seller directly and this form can be used before the showing to establish a commission payment from the Seller.

This form is now available in the REALTOR® STORE. It is also accessible through TorontoMLS and will be available on WEBForms™ as of the first week of November.

Here is a link to the form.

Now, Prior to showing your home, You and I, will need to have a face to face with each prospect that shows up at your door to show the house. My clients respect me enough to sign a buyers agency. They are paying for a service that is paid with funds funds they borrow as a mortgage to pay you and pay via the lawyers from the proceeds of the sale in the course of concluding a real estate transaction. The service that I provide is counsel; we discuss at length is this is the deal for them.

While the sellers are trying to save the commission; the Buyers are calling and asking if they can have the same commission rebated to them!

Its a wonderful house market in Toronto!