Edward Kowgier

11/17/2017

A new option for sellers and buyers in GTA - house auctions Australian style.

When selling a home in the Greater Toronto Area, home owners can choose from one of two options when working with an agent:

10/31/2017

I can sell any property. YOU TRY ME 416-818-1926

07/14/2017

07/14/2017

Housing market – the rates are rising, sales activity slowing down and prices dropping.
As expected the GTA housing market has stabilized and slowly shifted to the “buyers market”. Buyers are now in full control of their destiny - no more bidding wars and losing a home of your dreams.
The latest market report from the Toronto Real Estate Board shows the increase the number of listings and its impact on the market.
The number of new listings in June 2017 is 19,614, a 15.9% increase in comparison to June 2016. This was a much lower increase when compared to the 48.9% jump in new listings in May 2017 from May of the previous year.
The sales were down by 37.3% in a year-over-year comparison. The average selling price in the GTA for all homes combined amounted to $793,915 in June. This is a 6.3% increase compared to last year. The most significant jump in the average price was in the condo segment, a 23.2% increase from May last year. Almost all yearly statistics are up but that may be deceptive as the pricing from May to June is down, (detached houses -1.3%).
The GTA price boom lasted until April but the trend is now moving down to lower prices, more choice and fewer disappointments for buyers now they have more time to find the right home and the right price taking advantage of the increase in inventory.
Sellers need to set listing prices at fair market value, be patient, and be open to accept any reasonable offer which most likely will be still much above the last year prices.
The real estate agent can now negotiate a deal instead of just managing bidding wars.

06/23/2017

For residential and small business customers that buy their electricity from their utility, the OEB has set new lower Regulated Price Plan (RPP) electricity prices that build on the reduction in RPP prices that came into effect on May 1. With the new RPP prices that will start to apply on July 1, th...

04/10/2017

"What if the whole world worked the same as the Toronto Real Estate Industry?". "Bully Offers" Prepare to laugh at the utter ridiculousness that has become t...

03/23/2017

Spring is here. What did you do today that was AWESOME!!!

03/19/2017

THE GTA REAL ESTATE BUBBLE WILL BURST !!!
Houses in GTA are a very expensive now, even a few years ago they were already overpriced and kept going up and up since. But there is always a limit which was reached in the US in 2007 and because of this a lot of experts are claiming that GTA is in the midst of a real estate Bubble which may Burst by the next year. Marc Cohodes one of the best known Wall Street short sellers is betting against the Canadian Real Estate by short-selling some of the Canadian Real Estate stocks just like he bet accurately against Lehman Brother in 2008. He is saying “Don’t get sucked in by the propaganda of – It always goes up”
The question is what to do to be prepared financially and take advantage of the rare opportunity just before the Bubble Burst and right after the eruption.
The safe exit strategy is to sell your property or some of it at the close to pick of the value and put some of the proceeds into equity market. Next rent for a while and then get much chipper property after housing market implosion. The first implementation step of this safe strategy is to find out what is your property value, next put it on the market and start packing.
If you like my plan or have a question press "Like", comment or contact me at 416-818-1926.

03/04/2017

"Ah yeah, you made a couple of really good points here, I think these are important issues, but...."

Blaise Pascal set out the most effective way to persuade someone, centuries before there was any formal study of persuasion.

02/16/2017

The following changes to the Toronto Land Transfer Tax were approved by Toronto City Council on February 15, 2017. The changes are effective AS OF MARCH 1, 2017, for real estate transactions closing on or after this date:
• For a residential or non-residential property up to $55,000 to rate is unchanged at 0.5%
• For a residential or non-residential property from $55 000 to $250,000 rate is unchanged at 1%
• Added an additional LTT of 0.5% of the value of a residential or non-residential property from $250,000 to $400,000 ( a new rate after this Increase 1.5% )
• For a residential property from $400,000 to $2 million rate is unchanged at 2%
• Added an additional LTT of 0.5% of the value of a residential property above $2 million ( a new rate after this Increase 2.5% )
• Added an additional LTT of 0.5% of the value above $400,000 of a non-residential property ( a new rate after this Increase 2.0 % )
• Increasing the maximum allowed First-Time Home Buyer Rebate to $4,475, up from $3,725
• Amended the first-time home buyer rebate program eligibility rules to restrict rebate eligibility to Canadian citizens or permanent residents of Canada.