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The Motria Group's Market Blog: Big demand and no product

Monday Apr 09th, 2018

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Big demand and no product - why is the market not moving better. One would think that with the lack of product and the number of buyers the market should be very hot right now. Well it is and it isn’t. Some houses are getting bidding and selling very well and others aren’t. The new financing rules have made it more difficult to get a mortgage so this has created uncertainty for buyers. Depending on location, selling a house for top dollar is no longer a given. Hence, some buyers are... [read more]

The Motria Group's Market Blog: The sun is starting to bring new listings

Monday Mar 26th, 2018

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The sun is starting to bring new listings. The spring market is slowly coming to life. Buyers are carefully starting to make offers. There is none of the frenzy that we saw last spring. This is the new reality - a more tempered and balanced market. Economy appears to be good and buyers still want to buy but we need more product to increase selection. Hopefully when more product comes out sales will increase.  [read more]

The Motria Group's Market Blog: March break was slow as is common when families are away

Monday Mar 19th, 2018

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March Break was slow as is common when families are away. Usually houses start coming on the market after March Break and the spring market goes into full swing after that. With the slow start to the year we will see how things proceed. Even new construction condos downtown which usually sold out in no time have units left. Economy appears to be okay so perhaps the real estate market just got a bit ahead of itself. We are thinking that houses will continue to sell but perhaps it won’t be... [read more]

The Motria Group's Market Blog: Market is taking its time to heat up

Monday Feb 26th, 2018

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Market is taking its time to heat up…Usually by this time of year spring market is well under way and we are seeing a large volume of activity. This year things are a bit slow to start. Some segments are moving well but many are not. It’s almost March already and it doesn’t really feel like things are happening. Many homes are sitting and not selling - it’s a little perplexing. Buyers are in no rush to buy. It’s definitely a huge change to last year’s... [read more]

The Motria Group's Market Blog: High end listings are selling

Monday Feb 12th, 2018

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High end listings are selling. Luxury high end homes are selling well this year and we are seeing some good prices. Toronto continues to have a lack of supply and the demand is there. There are just not enough houses to supply all the buyers. Hence, I expect some bidding over good houses in the luxury sector. In general we expect some excellent prices. We saw the beginning of this trend in November /December and the trend is continuing.   [read more]

The Motria Group's Market Blog: Neighbourhoods need to evolve with the times

Monday Jan 29th, 2018

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Neighbourhoods need to evolve with the times… Many established neighbourhoods with beautiful older homes are struggling to move forward because many thinks it’s a shame to take down quaint old homes. It is nice to preserve the character of a neighbourhood. However, the problem with old homes is that they are not practical for today’s modern living. Young families want modern and new. For the value of a neighbourhood to grow I believe that there needs to be a good balance... [read more]

The Motria Group's Market Blog: Motivated sellers are anxious to get going on selling their houses but...

Monday Jan 22nd, 2018

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Motivated sellers are anxious to get going on selling their houses but they want to know what the market is like. There have been too few sales to tell what the market is like exactly but the atmosphere feels positive. Usually by this time in the year we are more in full swing. This year it may take a bit longer.  Despite all the government intervention it feels like the market will move forward and be fairly good. [read more]

The Motria Group's Market Blog: The first weeks of January have brought little product to the market

Monday Jan 15th, 2018

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The first weeks of January have brought little product to the market. Listings are starting to come out slowly but we have not yet seen how the sales are going. I don’t anticipate that we will be in full swing for a couple of weeks. There are buyers out there that are anxious to buy - just really not much to buy so buyers are waiting. The mood appears to be positive. Hopefully this will spur activity.  [read more]

The Motria Group's Market Blog: 2017 went through some very big ups and then very big downs

Monday Jan 08th, 2018

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  Happy New Year! 2017 went through some very big ups and then very big downs. In the spring it felt like the good times couldn’t end and buyers panicked that they wouldn't be able to break into the market if they didn’t buy. Low supply pushed prices up to unbelievable levels.  Then late spring, it ended. Summer was a bit rough and slow - prices were down and a number of houses did not close. Fall saw some stabilization and the market pepped up a bit. We saw... [read more]

The Motria Group's Market Blog: Neighbourhoods are changing quickly as developments focuses on increasing density

Monday Dec 04th, 2017

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Neighbourhoods are changing quickly as development focuses on increasing density. Every urban neighbourhood has some sort of development coming in. For better or for worse this is the new Toronto - a city where many want to live. On one hand new development will increase traffic in local businesses and create opportunities for new businesses, which will in turn enhance neighbourhoods. On the other hand many local residents oppose development as it will create more traffic and disturb their... [read more]

The Motria Group's Market Blog: The real estate market is heading into the holidays at a very brisk pace.

Monday Nov 27th, 2017

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The real estate market is heading into the holidays at a very brisk pace. Houses are disappearing off the market in days sometimes even less. Motivated buyers are trying to buy homes before others get to them by making great offers as soon as the house hits the market. There is an element of frenzy in some cases. Buyers are definitely starting to make decisions very quickly. Sometimes there is very little time to think. We are wondering how January will look. It’s very difficult to... [read more]

The Motria Group's Market Blog: A flurry of activity in November shows some excellent sales.

Monday Nov 20th, 2017

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A flurry of activity in November shows some excellent sales. The market seems to have pepped up. It is not the frenzied activity from the spring when houses were increasing by the week but the market definitely appears to be more active than late spring and summer. There are some serious buyers looking and product is low. Hence we are seeing some bidding wars on houses that are priced well. It does not necessarily mean that all the offers are coming in above list but often one or two will.... [read more]

The Motria Group's Market Blog: How will the tightening mortgage laws impact the real estate market

Monday Oct 30th, 2017

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How will the tightening mortgage laws impact the real estate market… This is an interesting question and one that many buyers and sellers are asking us. We could see a flurry of activity towards the end of the year as buyers scramble to take advantage of the old mortgage rules. Or buyers could hold off until next year and see how it goes. The market may not really change from this year to next year - could be more of the same. A bit spotty. Good product which is well priced will sell.... [read more]

The Motria Group's Market Blog: It's a tough call to decide to buy first or sell first

Monday Oct 23rd, 2017

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It’s a tough call to decide if to buy first or sell first. For a long time, it made a lot more sense to buy first and then sell. With a lack of supply, it used to be more difficult to find the right house or condo and selling was quick and easy. With a spottier market selling quickly is not a slam dunk. Hence buyers and sellers need to consider their strategy carefully. Options available if the home does not sell immediately need to be thought through. Going conditional on  sale... [read more]

The Motria Group's Market Blog: Reading the real estate market these days is like reading tea leaves.

Monday Oct 16th, 2017

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  Reading the real estate market these days is like reading tea leaves... I heard this on the news and I thought it was very appropriate. Things are selling but not necessarily. What you think should sell quickly may or may not. We are seeing offer dates coming back. Sometimes we are seeing multiple offers but the house needs to be very well priced and something that everyone wants. What we are not really seeing that much of are properties going for hundreds of thousands over list... [read more]

The Motria Group's Market Blog: Buyers are feeling no urgency to buy.

Monday Oct 02nd, 2017

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Buyers are feeling no urgency to buy. Buyers are looking but don't feel any pressure to buy. They are putting offers in when they are ready to do so. Sellers who have been accustomed to quick sales are finding this market somewhat frustrating. Agents, who are really only the messengers are often caught in situations where neither the buyers or sellers are happy. Sometimes it's tough. [read more]

The Motria Group's Market Blog: Market still feels like summer

Monday Sep 25th, 2017

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Market still feels like summer. We are not sure if it's the unseasonably hot weather, higher interest rates or what but the real estate market continues to feel a bit slow. Usually the market picks up in the fall. This year it doesn't feel like fall market yet. This does not mean that's homes are not selling - they are and some are even in bidding. Buyers just don't seem to feel any urgency. Adjusted expectations and patience are key for sellers at this time.   [read more]

The Motria Group's Market Blog: Bloor West Village Ukrainian Festival

Monday Sep 18th, 2017

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Bloor West Village Ukrainian Festival - a huge success once again... The lovely summer like weather attracted so many to Bloor Street for the Bloor West Ukrainian Festival. It is a weekend not only for locals but attracts people from many parts of Toronto, Ontario and even beyond. The festival reminds us of the eclectic nature of Bloor West Village, and the easy accessibility of the location. It also reminds us why people want to live there. The prices in Bloor West have weathered the market... [read more]

The Motria Group's Market Blog: Home preparation in a spottier market is tricky

Monday Sep 11th, 2017

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Home preparation in a spottier market is tricky... When the market is not as hot it is important to think through how to prepare, stage and/or style a home. In general, the goal is to create a blank canvas where the buyer can imagine themselves in the space. Each house and situation is different. There are many considerations in deciding how to prepare a house including condition of home, price and location. We believe that good advice is critical to maximize selling price. Home preparation... [read more]

The Motria Group's Market Blog: The calm before the storm

Monday Aug 28th, 2017

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The calm before the storm… The last days of summer are historically quiet and the past weeks have been just that. There have been a number of good sales with readjusted pricing but we are assuming that September will bring a flurry of new activity. Buyers are waiting for new product to come on the market and sellers are waiting for Labour Day to pass before listing their houses. We will see exactly how much new activity we will get. We are anticipating some good sales both in terms of... [read more]

The Motria Group's Market Blog: With readjusted prices, things are selling.

Monday Jul 31st, 2017

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With readjusted prices, things are selling. We have seen some very good sales in the past few weeks.  Many prices have been readjusted and hence buyers are starting to buy. Multiple offers are starting again for good properties in a variety of price ranges. Demand remains high. Supply is now fairly low. We will see how August goes and more interestingly September. So far higher interest rates don’t appear to be a factor. [read more]

The Motria Group's Market Blog: We are seeing signs of movement in the real estate market

Monday Jul 24th, 2017

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We are seeing signs of movement in the real estate market…  As the government regulations have sunk in and the market has had time to readjust we are seeing buyers starting to come out and put offers in on properties. Our last open house was surprisingly quite busy. The buyers are not moving quickly but they are around. It may take some more time but we believe that the market will bounce back. Prices may not achieve the heights they did before but the paralysis that we were... [read more]

The Motria Group's Market Blog: Market is slower but not dead

Monday Jul 17th, 2017

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Market is slower but not dead. The briskness is definitely gone and showings are markedly down. The important factor is that buyers are still looking and they are buying. Properly priced homes are selling and for fair dollars. Some are even getting more than one offer. It’s not what it was but at least moving. We are hoping that the market will correct and we will be back to business soon.  [read more]

The Motria Group's Market Blog: Good opportunities for buyers.

Tuesday Jul 04th, 2017

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Good opportunities for buyers. The market slowdown has created opportunity for some good deals. Buyers who were frustrated with the market earlier this year have come back and been able to purchase what they could have never purchased before. Buyers can now negotiate their deals and are even able to put in conditions in their offers. Sellers now need to price their houses lower in order to sell. We anticipate the lull to continue through the summer. After that we will see. [read more]

The Motria Group's Market Blog: Summer is in the air

Monday Jun 19th, 2017

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Summer is in the air. With warm weather and end of school, the summer lull is in the air and real estate feels a bit quiet. Houses are coming out on the market and selling but there is definitely less activity. There are less agents coming to open houses and less people looking. We feel that this will carry through into July. We expect July to have a reasonable number of transactions and activity. The important factor is that demand for real estate in Toronto continues and money appears to be... [read more]

The Motria Group's Market Blog: If you want to sell your house in today's market

Monday Jun 12th, 2017

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If you want to sell your house in todays market - you have to be the best… Your house has to look the best (be properly prepared), be priced the best (buyers look at value), marketed strategically (maximum exposure and professional presentation). There are no shortcuts to selling now. There is simply too much competition and selling is not so easy. Houses are selling but good advice is critical. [read more]

The Motria group's Market Blog: Showings on houses have slowed down considerably

Monday Jun 05th, 2017

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Showings on houses have slowed down considerably. Gone are the days earlier this year when we used to run out of open house sheets and brochures. Now, we are lucky to have a few parties through. Properties that used to have 10 showings a day, may now only get 1 a day if that. Houses are selling but need to be well priced.  Underpricing works to get multiple offers but the price probably needs to be adjusted to last years 2016 prices. Strategy is key in today's market. [read more]

The Motria Group's Market Blog: High end homes are selling

Monday May 29th, 2017

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High end homes are selling... Market is softer but the high end appears to be in a world of its own. Higher end homes which are well priced i.e. better than the competition, in good locations and generally have a lot going for them are selling. The buyers with good budgets who want to live in Toronto do not appear to be worried about external factors. In light of what is going on in the rest of the world Toronto is a great city to live in. If one has the means there is little to think... [read more]

The Motria Group's Market Blog: Investors/ buyers now looking for opportunities

Tuesday May 23rd, 2017

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Investors/buyers now looking for opportunities… There are now a significantly larger number of listings on the market. We are now seeing buyers and a larger number of investors starting to look for good deals and opportunities. We have had a number of calls on our listings from agents and buyers who will not show or look at the listing unless they know that the seller is willing to negotiate on price. They will argue that the market has cooled and the seller should be negotiating on... [read more]

The Motria Group's Market Blog: Many are in a holding pattern to see what happens with the market.

Monday May 15th, 2017

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Many are in a holding pattern to see what happens with the market… We have seen an increase in listings - this is not unusual for this time of year. The Home Capital situation appears to be contained and not expanding. Demand still appears to be high but buyer frenzy has subsided. Prices are still high and homes are selling but not as quickly. Sellers have started pricing homes closer to market value as counting on bidding wars to bump up the price is not a sure thing. So, we are... [read more]

The Motria Group's Market Blog: Market continues to flatten as more listings come out

Tuesday May 09th, 2017

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Market continues to flatten as more listings come out… Houses are still selling but not necessarily that quickly. We have had to adjust our strategy for pricing as we are no longer guaranteed multiple offers on many homes. Having said that, there are still homes that are well priced in good locations that are attracting multiple offers. It’s a bit touch and go - uncharted waters. A well thought out pricing strategy is critical to selling at this time.  [read more]

The Motria Group's Market Blog: Fears by some of a subprime mortgage collapse

Monday May 01st, 2017

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  Fears by some of a subprime mortgage collapse leading to a larger crisis could cause temporary uncertainty and hesitation in buying. The news in the media about Home Capital combined with the new government regulations, could cause a certain level of cooling off in the overheated Toronto real estate market. However, I have myself not seen indicators of a collapse within the diverse market that our group services. My buyers and sellers are not overextended and they have debt loads that... [read more]

The Motria Group's Market Blog: How are the new government regulations going to affect the hot Toronto real estate market?

Monday Apr 24th, 2017

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How are the new government regulations going to affect the hot Toronto real estate market is the question of the year. So far we are not seeing a huge impact. Demand is still high and supply is still low. True, supply has increased in the last few weeks so we are seeing less offers on properties but the prices still appear to be high. It’s a bit early to tell, but I think that even if there is a shift in the market, prices may level but not plummet. I am not sure if that bubble will... [read more]

The Motria Group's Market Blog: Market is still brisk but it feels like there is a slight shift

Monday Apr 10th, 2017

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Market is still brisk but it feels like there is a slight shift... As more product appears on the market not all properties are getting the response they think they will get. Bids for hundreds of thousands over list are not always a slam dunk. Sometimes puzzled sellers and agents are sitting at offer night not knowing what to think as the offers coming in are not what they expect. There are times when it is the next day that it all happens but not necessarily the way sellers would like. Prices... [read more]

The Motria Group's Market Blog: The bidding on homes is becoming exhausting

Tuesday Mar 28th, 2017

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The bidding on homes is becoming exhausting... Any home that is in a more reasonable price range, under $2-2.5 million and priced reasonably can get epic bidding. This means hundreds and hundreds of thousands of dollars over asking. I tell buyers - forget last year’s stats because they just don't apply. This is terribly difficult for buyers. Everyone has a limit and a budget. The boundaries are being pushed to the limits. Even if the market doesn't drop dramatically it would be a... [read more]

The Motria Group's Market Blog: Prices going up weekly in the first quarter of 2017

Monday Mar 20th, 2017

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Prices going up weekly in the first quarter of 2017... Due to the sharp incline in prices and the lack of sales pricing and more importantly consulting on bidding for buyers has become increasingly difficult. Sales from one month before are no longer valid and need to be adjusted. Very careful analysis of the market needs to be done immediately before listing or bidding on a home. It's really not as easy as it looks but with careful thought definitely not that hard. [read more]

The Motria Group's Market Blog: Higher End Buyers Are Taking Their Time in Buying

Monday Mar 06th, 2017

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  Higher end buyers are taking their time in buying.... Market is hot and real estate is selling quickly but many buyers with deeper pockets are treading carefully. For the most part they are already in the market so they don't feel the pressure of being priced out. Hence they want to make sure that they are buying the right house and they don't want to overpay. They don't necessarily feel the frenzy. However for the right house they may be up for a fight as the next... [read more]

The Motria Group's Market Blog: Sellers are trying to capitalize on the good market

Monday Feb 27th, 2017

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Sellers are trying to capitalize on the good market... If one was thinking of selling now is probably a good time. Lack of product and high prices make it enticing for home owners to sell. Pricing properly is still key in selling. Although the market is excellent, unrealistic expectations and overpricing can lead to houses sitting on the market. Careful analysis of the market, strategic home preparation pricing and timing are critical to a good sale. It's not always as easy as it... [read more]

The Motria Group's Market Blog: Buyers are willing to take on, not the most desirable seller conditions

Tuesday Feb 21st, 2017

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  Buyers are willing to take on, not the most desirable seller conditions to secure properties… With house and condo prices rising by the week, buyers with limited budgets are willing to assume not so desirable tenants or rental conditions in order to secure properties.  It could mean assuming heavy smoker tenants with a lease, or, multi tenanted properties in need of substantial renovation where the tenants need to be assumed and then given notice to leave. Things could go... [read more]

The Motria Group's Market Blog: Product is Starting to Come Out.

Monday Feb 13th, 2017

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Product is starting to come out… Despite the snow, spring market is beginning and product is starting to come out. As usual the market is very busy and there are usually a number of buyers for every house in the mid-range price point. However, at least buyers are having some sort of choice now. It will be interesting how foreign buyers will affect the market. We have seen a number of foreign buyers bidding on homes in Toronto. They are partially responsible for the high prices. It... [read more]

The Motria Group's Market Blog: The situation in the US could make the hot Toronto real estate market even hotter

Monday Feb 06th, 2017

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The situation in the US could make the hot Toronto real estate market even hotter… If the Canadians holding green cards were thinking about moving back to Canada, they may be thinking this is a good time. The relative stability in Canada is appealing. One of my American clients who purchased a condo in Toronto, commented that one of the biggest differences they noticed here as opposed to where they live in the US was that everyone seemed to like each other. People co-exist in harmony.... [read more]

The Motria Group's Market Blog: Being in real estate sometimes gives one a very good perspective on life

Tuesday Jan 24th, 2017

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Being in real estate sometimes gives one a very good perspective on life… Last week we were selling a house which had a number of tenants who were paying low rent and renting by the room. The house required substantial renovation and in many areas reflected the inability of it’s tenants to cope with everyday life which many of us take for granted. The area was hot and upcoming where many homes are being purchased for renovation. The tenants are usually asked to leave. Where... [read more]

The Motria Group's Market Blog: There is no product

Monday Jan 16th, 2017

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There is no product… We are mid January, holidays are over and buyers are eager to buy. However, so far, there is little to buy. What does this mean for the market? The first houses coming out have buyers jumping all over them. If this lack of product continues, I anticipate the bidding wars could be fierce. Buyers should prepare themselves to be aggressive. They need to know their market and should be prepared. Sellers are in a good position. It’s probably a good time to... [read more]

The Motria Group's Market Blog: It's the holidays and inventory is completely down

Monday Dec 19th, 2016

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It’s the holidays and inventory is completely down…There will be some last minute sales this week from the little that is left on the market but other than that we are mostly done until January. Buyers are still out there so hopefully some new inventory will start appearing in January. If inventory remains low and the number of buyers is high we will see bidding continue into the new year. 2017 looks like it will be a good year for real estate.   On another note,... [read more]

The Motria Group's Market Blog: Holiday slowdown is definitely here

Monday Dec 12th, 2016

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Holiday slowdown is definitely here… Last week there were very few listings coming on the market. The few that came on the market sold very quickly, many with multiple offers. Prices were substantially over list. The market is still hot with many buyers wanting to get in and no product available. I suspect January 2017 and the spring market following will be very hot. If you are thinking of listing your home or condo I think that 2017 will be an excellent time.  [read more]

The Motria Group's Market Blog: First day of offers does not always get the best price

Monday Dec 05th, 2016

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First day of offers does not always get the best price… Sometimes offer day does not work out exactly the way that sellers and their agents plan. The reasons aren’t always clear but sometimes it is just timing. I have experienced cases where a couple of days later multiple offers come in which are higher than the ones that came in offer night. Sometimes no offers come in offer night but a couple of offers come in a day after.  Raising the price of a property can reflect a... [read more]

The Motria Group's Market Blog: It's Winter and the market is still busy

Monday Nov 21st, 2016

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It’s winter and the market is still busy… Historically, the real estate market slows down at this time of year as everyone starts preparing for the holidays. I have noticed less listings out in the past few weeks but the ones that are coming out are still selling well. The price range is across the board and includes condos. This leads me to believe that real estate in Toronto continues to be in big demand. With all the changes in world politics it looks like Toronto is a great... [read more]

Pat and Leann: Transformation Story

Tuesday Nov 08th, 2016

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Pat and Leann In 2001, Bloor West Village residents Pat and Leann contacted me to find them a home in the Kingsway. When they walked into 16 Kingsmill Rd, they immediately felt it was their house and purchased it. Fourteen years and two kids later, they had outgrown their house and purchased another home. Pat, who had sold previous homes on his own and knew real estate, decided to try and sell their Kingsmill house by himself. In the months following, Pat and Leann generated a lot of... [read more]

The Motria Group's Market Blog: High sales volume continues into the fall.

Monday Nov 07th, 2016

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High sales volume continues into the fall. 2016 has been a record breaking year in terms of both prices and sales. Although prices may be a bit flatter in the fall, sales volume continues to clip along. We have seen some really good sales in the past few weeks in all price ranges. Some sales go into bidding and others do not. The new mortgage rules appear to have a limited impact on the Toronto real estate market. The rules apply to a small percentage of the population. Toronto remains cash... [read more]

Before and After: Staging pays off

Thursday Nov 03rd, 2016

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In September we listed a property which was previously listed by another agent and had sat on the market for 73 days. Upon inspecting the home, we decided that staging and painting were critical to sell the home quickly and for top dollar. At first the sellers were reluctant because it was a lot of work for them and they were not convinced it would work. After showing statistical proof that staging is a gamble that pays off, the sellers agreed to follow all of our advice. Following the staging... [read more]

The Motria Group's Market Blog: If you are thinking of upgrading, it may be a good time.

Monday Oct 31st, 2016

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p.p1 {margin: 0.0px 0.0px 0.0px 0.0px; font: 12.0px Helvetica; -webkit-text-stroke: #000000} span.s1 {font-kerning: none} If you are thinking of upgrading, it may be a good time. The housing market has definitely softened. Bidding wars are definitely not a guarantee now and sellers are not always getting what they want. Hence, it may be a good time to negotiate a good deal. We have seen a number of houses sell for less than we thought. It will be interesting to see what happens in... [read more]

The Motria Group's Market Blog: Condos are selling well

Monday Oct 24th, 2016

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Condos are selling well... Demand for good condos is driving prices up. Last week my client looked at a condo on the waterfront that appeared to be well priced - the same price that the same condo a few floors up had sold a few months before. When my client went to put an offer in there were 8 other offers on it. It ended up selling for $40,000 over. This is an unusual pattern for these kinds of condos. They do not usually go into that kind of bidding. It appears that with the high price of... [read more]

The Motria Group's Market Blog: Staging is a gamble that works.

Monday Oct 17th, 2016

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Staging is a gamble that works. We were hired to sell a house a few weeks ago. I felt strongly that it needed staging to sell. Otherwise I felt it would sell at a large discount. The clients were not convinced. They had tried to sell before with no success. However, they agreed to proceed. It was a lot of work and not inexpensive.  The house staging really worked. It looked fantastic - like a new house. A week after listing we received an excellent offer and the house sold. My clients... [read more]

The Motria Group's Market Blog: New mortgage rules may not have as much impact in Toronto but will have some.

Tuesday Oct 11th, 2016

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New mortgage rules may not have as much impact in Toronto but will have some. The new mortgage stress test will have an impact on many aspects of the mortgage industry but I am not sure if the Toronto real estate market will be as affected as one may think. The demand in Toronto will remain high as Toronto continues to be sought after by foreign buyers. Toronto continues to be a city where the wealthy want to live. Salaries in Toronto remain relatively high. We may see a larger demand for... [read more]

The Motria Group's Market Blog: Showings on properties seem to have decreased.

Monday Oct 03rd, 2016

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Showings on properties seem to have decreased. All year as we put homes on the market we were fairly certain that if they were well priced we would get a large number of showings followed by multiple offers. The last couple of weeks we are finding that this is not necessarily the case. The number of showings on houses seems to have dropped and now we we aren't sure if we will get multiple offers. Pricing is tricky. The pulse of the market has changed. Is this just a lull before the US... [read more]

The Motria Group Market Blog: More inventory comes on the market.

Monday Sep 26th, 2016

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More inventory comes on the market.  Prices may be flattening a bit as more houses come on the market. With more selection for buyers, sellers are not guaranteed bidding wars for their houses.  Sellers definitely have to be well positioned in the market both in home preparation and pricing in order to be competitive with what else is on or coming out. In other words, best foot forward for sellers. For buyers, it may be a good time to buy.  [read more]

The Motria Group's Market Blog: Urban neighbourhoods attract so many for street festivals.

Monday Sep 19th, 2016

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Urban neighbourhoods attract so many for street festivals. Last week we attended the Taste of the Kingsway, a yearly tradition in Kingsway Village on Bloor Street. The street was filled with people - something for everyone. It was a great place to run into friends for both young and older people and enjoy the neighbourhood. This past weekend our group helped sponsor the yearly Bloor West Village Ukrainian festival on Bloor Street with our own booth. It was wonderful to see friends and past... [read more]

The Motria Group Market Blog: September is back to school and back to brisk business...

Monday Sep 12th, 2016

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September is back to school and back to brisk business. After a record breaking summer in terms of real estate sales and prices September continues to be extremely busy. Buyers are jumping all over good listings coming out as the number of listings still can't meet with buyer demand. As a result I expect prices to keep increasing. Hard to believe that we are still going so strong... [read more]

Motria's Market Blog: Buyers want new and renovated...

Monday Aug 29th, 2016

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Buyers want new and renovated…The homes that are newly renovated or built (last five years) are the ones that sell fastest and for most $$’s. The other homes that sell very well are the ones that are completely original and are selling for mostly lot value. There are many buyers who still want to build new for themselves. The in between homes that have been partially renovated or where the renovations are older and need to be redone do not get that much return. Sellers that... [read more]

Motria's Market Blog: Hot weather has not stopped buyers...

Monday Aug 22nd, 2016

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Hot weather has not stopped buyers…Big sales continue as August begins to near an end. I cannot believe the number of big homes that went on the market and sold in August. The real estate climate has definitely changed from previous years when August was a slow month and buyers and sellers waited until September to act. Perhaps there has been a shift and there is no real slow time anymore in Toronto real estate. After all, the world is changing and real estate is a part of it... [read more]

Motria's Market Blog: Good houses continue to sell extremely well...

Wednesday Aug 17th, 2016

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Good houses continue to sell extremely well… Whether the house has been meticulously renovated and shows 10+++, or if it needs a lot of work and is in a great location, all houses are continuing to sell very well. The high end homes over 2 million, well prepared and renovated, may sell quickly with one great offer or even two. Generally the results can exceed sellers expectations. Homes that are priced under $1,000,000 in great locations can attract many offers and can again exceed... [read more]

Motria's Market Blog: Spring is in full bloom and still no product...

Wednesday Aug 17th, 2016

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Spring is in full bloom and still no product…. We are getting close to summer and the real estate advertising sections of newspapers are still quite bare. Historically, we have seen a substantial increase in real estate product at this time of year and prices are usually levelling. This year spring is late and so is the real estate market. Still no product and bidding wars continue. I believe that we will see lack of supply carry into the summer. Hence, July could be a busy month.... [read more]

Motria's Market Blog: Toronto is booming with residential construction...

Wednesday Aug 17th, 2016

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Toronto is booming with residential construction… Driving along many central Toronto streets, one very often sees some sort of construction occurring. Whether it is a new home being built, a renovation or landscaping, Toronto streets are busy with trucks and workers. Along with all the residential construction, comes a short supply of trades. Contractors and all their trades are run off their feet. Everything always takes longer and delays are a norm. Impatient home owners just want... [read more]

Motria's Market Blog: Condos will continue to sell well as first time home buyers are priced out of the housing market...

Wednesday Aug 17th, 2016

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Condos will continue to sell well as first time home buyers are priced out of the housing market... House  prices are continuing to rise and traffic in the city is getting worse. Young singles and couples buying their first homes and working in the city want to stay in the city. Long work hours make commuting difficult. They want lifestyle. The only way to get into the market is to buy a condo. Also, those downsizing, are finding the price of smaller homes too much and are also... [read more]

Motria's Market Blog: Market has softened in June...

Wednesday Aug 17th, 2016

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Market has softened in June… Historically, the real estate market always softens in June. We weren’t so sure if this would happen this year as lack of product was creating bidding wars and driving prices up. Now in June, there is still limited product but buyers and agents are exhausted from all the bidding wars. Everyone needs to catch their breath. We aren’t seeing as much of a frenzy anymore. However, I think we will continue to see high prices, as Toronto remains a... [read more]

Motria's Market Blog: World instability may drive more buyers to buy real estate in Canada...

Wednesday Aug 17th, 2016

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World instability may drive more buyers to buy real estate  in Canada with Toronto and Vancouver being leading contenders. Two world leading countries, United States and Britain are experiencing some major issues as seen in the turbulence of the US election and the British referendum.  Evidence of dissatisfaction from the electorate could result in major change - not all of it may be good.  We have our issues also but they don't  seem to be as destructive. Hence,... [read more]

Motria's Market Blog: Buyers are looking but not necessarily making decisions that quickly...

Wednesday Aug 17th, 2016

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  Buyers are looking but not necessarily making decisions that quickly… Although there remains a high demand for houses in Toronto, there does not appear to be the same urgency in the market as we saw in the spring. One reason may be that there is very little product to look at so buyers are having a hard time in choosing when there is little to choose from. Another reason could be that decisions are hard to make when families are tired from all the family activity in June.... [read more]

Motria's Market Blog: July is having some great sales...

Wednesday Aug 17th, 2016

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July is having some great sales… Summer has historically been a slower time and the market does feel quieter. However, we have seen some excellent sales this month. Some properties that did not sell in the spring sold this month. Buyers are still looking and in between holidays are still planning to buy. The purchases may not be in the summer but planning for fall. Canada feels good as other parts of the world struggle. Wondering if we will see even more buyers from abroad buying in... [read more]

Motria's Market Blog: August looks like it could be busier than usual...

Wednesday Aug 17th, 2016

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August looks like it could be busier than usual… August is usually a quiet month in real estate, as many wait for September to buy and sell. However, this year it looks like August won’t be as quiet and I expect some good sales. It’s not really busy like spring but there are some serious buyers looking and buying. The city feels quieter but definitely not asleep… [read more]

Motria's Market Blog: August feels a bit like spring market...

Wednesday Aug 17th, 2016

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August feels a bit like spring market… Last week I went to some agents open houses and it felt like a spring market. Agents were running in and out and the house I went to see which just came on the market had 3 bully offers on it. A little bungalow that we listed last week immediately generated a bully offer and by the next day had 7 offers. It sold for $140,000 over list. In August the market usually lulls and agents take a breath before the fall market begins. This summer, agents... [read more]

Motria's Market Blog: Big demand for affordable detached houses in the city...

Monday Aug 15th, 2016

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  Big demand for affordable detached houses in the city…There continues to be a huge demand for lower priced houses in any area close to transportation, shopping and city. Last week we listed a little well maintained bungalow in the Caledonia and Eglinton area. In 3 days we had a preemptive offer on the property for $100,000 over asking. By the next day when we presented we had 7 offers and the house sold for $140,000 over. The areas in the city that have historically been... [read more]

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