Desmond Brown

Accessing Sold Prices (...for real this time)!

05 October 2018
Desmond Brown

Sold information is now available! (For real this time!) For me and other realtors to release the sold information, we've had to jump through many hoops in order to follow TREB's silly rules...


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...


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...


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."


New Stress Test for Mortgages: WHAT DOES IT MEAN?

06 November 2017
Desmond Brown

Some of my colleagues and mortgage brokers have been freaking out since last month's announcement about the new stress test requirement for all buyers. In my opinion, this is a good thing...


Bouncing Back?

02 October 2017
Desmond Brown

Yes, I know... statistics show that overall sales have dropped by 35% compared to this time last year. However, as an agent who is active in this market on a daily basis, this is some of what my team and I have experienced since the Fall market got underway after Labour Day: