I recently had a listing in Cabbagetown, a beautiful Victorian row house built in 1868, that attracted six offers on our offer review date. My client, who had owned the home for the past 40 years, was delighted there was so much interest, but understandably nervous because she had never gone through this process before. All six offers were over our asking price. Unbelievably, the three top offers were identical in price. In my more than 20 years of selling real estate, and through the many multiple offer situations I've been in while representing sellers, I had never seen this happen... [CLICK THE TITLE ABOVE TO KEEP READING]
The anticipation leading up to the last month's federal budget announcement had me and many others on the edge of our seats. There were the leaks to the media that the federal government was going to bring in earth shattering initiatives to make home ownership more affordable for first time buyers. What would these measures be? [CLICK THE TITLE ABOVE TO KEEP READING]
With the rental vacancy so low in Toronto, it's very difficult for people to find rental housing. Rent controls and provincial legislation have often put landlords at a disadvantage. However, regardless of the disadvantages, I'm seeing many landlords and their agents breaching the Residential Tenancies Act. Here are some demands I've seen by landlords which are NOT allowed...
My clients were relocating out of the province and wanted to take advantage of Toronto's Spring Market. They prepared their home in the usual manner - decluttered, fixed the odds and ends, painted, staged it, and launched it on the market... Ten days later a large branch from the tree on their front lawn had crashed through their roof.
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...
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...