Robert Ede RE/MAX's Uncle Bob Explains

04/28/2026

I’ve (not) been missing you! Was on the radio this am in the shuttle home from Honda dealer. 110 views since I looked in

10/07/2024

https://unclebobexplains.wordpress.com/2024/10/05/re-listed-homes-are-being-double-triple-counted-in-published-new-listings-totals-28-6-to-40-true/

08/31/2024

https://unclebobexplains.wordpress.com/2024/08/31/how-is-august-2024-looking/

Recorded 2pm Aug 30th

08/07/2024

Where are Prices in GTA? AND compared to what?

06/16/2024

Mid June -- 25th Best (of last 29)

06/14/2024

saw on Twitter -- maybe huge pay-out penalties and other shenanigans on Lease-to-own et al home fixtures will subside ...

Financiers of consumer goods will no longer be able to register their PPSA security interests on title to the properties where such consumer goods are installed as fixtures.

12/31/2023

Each Jan ... from the Sat after Kids return to school until ~Feb 15th we discover whether "Last year's Price or This Year's Price" will prevail

upcoming next episode

Starting in January, Registrants (with only a few listings each and a knowledge that the adage List-to-last still applies) call up all their Listing Potential-Possibles and say "there's nothing for sale -- good time to try it a better price that we saw last year!?"

Some sellers are ready STOP-WAITING for better days and agree while others are 'a certain price' oriented - if we can get THAT, then we'll sell. Either way, press hard ... you're making 3 copies (historic insider joke)

So ... each January a load (or half a load) of new listings at Much-Higher-$$-than-the-last-Sale appear on the market with an April-June closing

This provides a contrast for Buyers to examine:
a) all the listings leftover from last year are at cheaper prices/ the owner is "ready" and the Listing Reps are much-more welcoming

b) all the terminated/suspended listings that they saw in Oct/ Nov/ Dec were "better deals" than both the leftover-but-still-for-sales and the New Ones.

c) maybe My Registrant should drop by a few expiries (or at least call up the Listing Agent) and see what the is plan for 2024

SO

Based on a), b), c), the buyers go back to a Listing that they saw in Oct/Nov/Dec/early Jan and make a strong, firm, not-high (but not insulting) offer
-with no competing bids
-with (new for 2024) no TRESA disclosure concerns
-and after a few back and forths -- :

1) make a grudgingly-acceptable (to both sides) agreement
2) walk-away muttering under their breath something about 'stubborn boneheads on the other side'

Thus
if 1) removing ON instance of "last year's price" from the pool of availables
or
if 2) softening up that seller for the next buyer's not-so hardline bid

THEN
After 3-5 weeks of:

i) New (never-for-sale for years) Listings at This Year's Price experiencing one of :(selling or not), (reducing or not), (changing their offer terms/ date flex etc etc or not)

ii) Re-issue of Q3/Q4 Expired/ Terminated Listings re-appearing at same/ higher/ lower than their previous prices and experiencing: (selling or not), (reducing or not), (changing their offer terms/ date flex etc etc or not)

iii) The leftover-from-last-year-but-still-for-sale Listings experiencing: (selling or not), (reducing or not), (changing their offer terms/ date flex etc etc or not)

The confluence of opinion will be that Last Year's Price Still Prevails (because so many of the i), ii) & iii) Listings have not-sold until they agreed to Last Year's Price

OR

as in most of the years since 1997 This Year's price Will Prevail (because all of the listings at Last year's price are being/have been sold-out in a hurry ... and only This year's price remains for buyer's to examine (each one offered by fresh sellers, wanting firm prices and long-ish closings)

Robert Ede,
Real Estate Broker,
RE/MAX Hallmark® Realty Ltd.,
685 Sheppard Ave East Ste 401
Toronto, Ontario, CA M2K 1B6
T. 416.494.7653
F.416.494.0016
Direct 416.819.7333

Real Estate & Financing Talks on Youtube www.youtube.com/

Real Estate Blog UncleBobExplains.com

If it has anything and everything to do with real estate, we chat about it. Whether you love or hate real estate… watch our episodes and join in on the disc...

12/10/2023

https://unclebobexplains.wordpress.com/2023/12/10/interest-rates-might-drop-100-200bps-sheesh-everybody-has-an-opinion-esp-a-view-that-is-good-for-their-business-right-away/

The Fin Post had a weekend-repeat of a VIDEO-story with Real Clickability Rate cuts could spark housing market volatility Watch mortgage expert Leah Zlatkin of Lowest Rates talk about different str…

12/06/2023

CAN YOU BUY a Terminated & Re-Listed home more than ONCE? Then it's ONLY ONE property and SHOULD ONLY be counted ONCE --
NEW Listings 10,545
Sales 4,236
SNLR 40.17% of Listing were Sold - Suggests Buyers' Market
Terminate Relists 3,601
NET-New Listings 6,644
Sales to NET-New Listings 61.00% - Suggests SELLERS' Market

CAN BOTH be true?

12/23/2022

03/07/2021

GTA/TrREB Sales & Prices –Whither we goest? What’s the Precedent? When did we last have zero% Mortgages?

Visit the post for more.