Over the last few weeks, I've been watching the real estate market slow down. Really - it's slowing down. But that's not necessarily a bad thing. You might not have heard about a market slow down in the media, and I agree. Often, I read articles in the media talking about the "hot" market etc, but they are reporting what has happened, and not what is happening. ...
Posted by Jim Datlen
on November 5, 2011
I had an interesting experience last night. Representing buyer clients, I presented an offer on a home that they were interested in. The offer was quite decent offering slightly more than the asking price (we were in competition against another offer), with a few normal clauses that protect the buyer. The normal clauses I'm talking about included a home inspection ...
Posted by Jim Datlen
on October 22, 2010
The real estate market continues to change and we've now entered a balanced market, which means that neither sellers nor buyers have the advantage. In other words, market conditions are fair on both sides.
You might wonder if I'm a little crazy in saying this, especially when reading that the number of homes sold in July in the Greater Toronto Area dropped by 34% compared to July 2009. ...
Posted by Jim Datlen
on August 6, 2010
It's a sunny Monday morning on the first day of summer in June 2010 as I write this blog, and it's interesting to see how the Greater Toronto Area real estate market is changing. About six to eight weeks ago, REALTORS® like myself started to see a shift in the market once again. Strangely, newspapers and other media haven't really caught on yet and so the general public still thinks ...
Posted by Jim Datlen
on June 21, 2010
Over the last few months, there have been occasional articles in the media about the Competition Bureau advising the Canadian Real Estate Association (CREA) that they would be taken before the Competition Tribunal to determine if the rules surrounding postings to the MLS® were anti-competitive. Talks between CREA and the Competition Bureau were proceeding smoothly, and then the Competition Bureau ...
Posted by Jim Datlen
on April 1, 2010
I've been working with a really nice family lately showing them a few homes for sale in the Brampton area (actually, just three!) and talking with them about the process of moving house. The reason they've been planning on selling - and downsizing - is to save a bit of money as the economy recovers, plus their kids will be teenagers within the next few years and we all know teenagers ...
Posted by Jim Datlen
on January 26, 2010
Happy New Year, everyone!
It's January 6, 2010 as I write this blog, and it's very interesting to see how the market has changed over the last year, eh?
At this time a year ago, everyone had gone into hibernation, and adopted a "wait and see" attitude with regards to the economy and the housing market. One year later, and the market has changed drastically! Prices are going up ...
Posted by Jim Datlen
on January 6, 2010
I was surfing www.youtube.com today, and thought it might be interesting to see if there were any Century 21 videos. Well, I found a whole lot of them - many of them hilarious! Some of them were from real estate sales representatives showing off their listings (a cool idea), others were from clients showing off the new home they bought with help from their Century 21 REALTOR, and then ...
Posted by Jim Datlen
on November 15, 2009
If you haven't been paying attention to the news lately, you might have missed information about the Home Renovation Tax Credit. It's part of the stimulus program that the federal government has put into place for this year, as part of the effort to help the economy and shorten the recession. Essentially, it works by reducing your income taxes up to $1,350 for the 2009 tax year.
So, ...
Posted by Jim Datlen
on October 25, 2009
So, I've been discovering very interesting things happening in the market - it continues to improve. Today, the Toronto Real Estate Board has released a report to the media showing that the market is still rising. So far in September, the number of transactions has increased by 23% over the first two weeks of September 2008. And prices have increased by 8% in the same time period. So ...
Posted by Jim Datlen
on September 16, 2009