Desmond Brown

The real estate market was cooling BEFORE new government regulations

25 April 2017
Desmond Brown

Our provincial government rolled out 16 new measures last week in an attempt to slow down our sizzling real estate market. However, most of us who are selling in the Toronto market had already seen signs of a slight slowdown during this month of April. This is what I've observed:


What's driving this market?

06 April 2017
Desmond Brown

I listed a detached backsplit home in the Yonge and Sheppard Avenue area not so long ago. It was built in the 1950s and had been in the same family for more than 60 years. We received 16 offers for the home and went through presentation process at my office in the Beaches. Midway through the presentations, one of the agents who had already shown us his offer asked to speak to me. "Mr. Brown, can you please let me know if you are going to accept my client's offer? He is here with me now but has to get on a plane back to China within the next two hours." I told him his offer was lower than several we had already received and sent him away...