Desmond Brown

How much did that house sell for? 🏡🤔

07 September 2018
Desmond Brown

If you're wondering what your neighbour's house sold for, all you have to do is this...


LANDLORDS BEWARE (Part II)

10 August 2018
Desmond Brown

Last month I wrote about how a potential tenant fabricated information about her employer on an application to lease a home I had listed. When I called the company she said she worked for, the supervisor she listed on the application did not exist and no one knew who she was. Just when I thought I'd seen everything, my team member Jennifer Scaife came across another sketchy scenario...


LANDLORDS BEWARE ⚠️

16 July 2018
Desmond Brown

I recently had a home listed for lease in Scarborough. The other agent brought in an offer for a price that was acceptable to my landlord, but it was conditional on us doing our due diligence on the prospective tenant... When I called the employer for this particular applicant, the line was not in service...


Downturn in the Market. Cause for Concern? 📉🤔

07 June 2018
Desmond Brown

Recent headlines have screamed prices down 12% compared to a year ago. Is this the beginning of a huge collapse in Toronto's real estate market? Has the bubble finally burst? Well, after working in the media for 11 years, I know how newsrooms work...


My clients got a great deal!

14 May 2018
Desmond Brown

A lovely detached home that had been in the same family since the mid 1970s, came on the market a couple of weeks ago...


A traditional spring market?

10 April 2018
Desmond Brown

The headlines are saying sales in the Toronto real estate market are down by up to 35% compared to this time last year. That number looks huge, but...


We LOVE first time buyers!

12 March 2018
Desmond Brown

Here's a story, written by my team member Jennifer Scaife, about a couple who recently entered the Toronto real estate market. Recently, Kassia and Cory were referred to me by a past client. Lively and energetic, they were eager to get going on their quest. We saw properties that challenged their tolerance for ‘fixer-upper’ and others whose state of ill-repair were jaw-dropping! We soldiered on, intent on finding the perfect home in the perfect neighbourhood that was within their first-timers’ budget...


INTEREST RATE INCREASE 😱📈 Should we be concerned?

05 February 2018
Desmond Brown

Two weeks ago Bank of Canada raised its prime lending rate 0.25% points. As a result, we're now seeing posted bank rates for five-year mortgages at 4.64%. Experts are predicting the Bank of Canada will raise the prime rate a few more times over the next twelve months. With the average price of a home in Toronto at $730,000, the media reported that this was the beginning of the end for home ownership in this city and that people are now in danger of losing their homes. Not true...


Happy 2018

04 January 2018
Desmond Brown

It's been nine years since I left journalism and returned to selling real estate.


Ban on Double-Ending Coming to Ontario

04 December 2017
Desmond Brown

A couple of years ago I listed a property in North York. It had been in the same family for more than 50 years and the house sat on a premium lot with a 40 foot frontage. The property was an ideal opportunity for a builder. We listed it for $1,199,000 on a Friday and set a date to review offers the next Tuesday. To my surprise, by the time Tuesday rolled around 15 agents had registered offers. On that same morning, I got a call from a gentleman who said he wanted to buy the house, but would only deal with me because I was the listing agent. I told him to meet me at my office at 10AM and that offers were going to be presented at 11:30AM. When the potential buyer showed up at my office, he told me he hadn't even seen the inside of the house, but had driven by it. He gave me a bank draft for $100,000 as a deposit and said, "I want this house and I'll pay more than anyone else. You present my offer after you've looked at all of the other offers, and tell me what the highest offer is. I'll pay more."