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    Baby, we got a bubble!?

    Its again, a bullish market. The Toronto Real Estate Board reported this week that sales increased 29 per cent in the first 14 days of September, 2013. What’s more, those plentiful condos led the way. Overall, new listings slipped 2 per cent while prices rose by 4 per cent on an annual basis...
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    Baby, we got a bubble!?

    Canadian home sales jump in August from July (Reuters) - Sales of existing homes in Canada rose in August from July and were much higher than a year earlier, the Canadian Real Estate Association said on Monday. The industry group for Canadian real estate agents said sales activity was up 2.8...
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    Baby, we got a bubble!?

    That's what I heard as well, and witnessed many first time home buyers around me are buying right now. Welcome to the cycle of life and there goes the chronical bubble-panic syndrome.
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    Yonge & Rich Condos (Great Gulf) - Real Estate -

    Yes price have gone up, as far as I know the smallest units are sold out - i.e., Richmond and Adelaide. You are now probably looking at $300 start, but that being said, none of the higher floor units were released, so the price jump was irrelevant if you want to buy higher than 33rd floor with...
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    Yonge & Rich Condos (Great Gulf) - Real Estate -

    There have been at least three rounds of sales in the past four months, before it opens for public sale on June 8th: - Friends & Family - Platinum VIP - VIP This is a typical process for preconstruction condos. But many floorplans were reserved for later public sales, for example, none of...
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    Baby, we got a bubble!?

    As realtors will always say 'Sell and sell now!' or 'Buy and buy now!', depending on the realtor's focus on listing agent or buyer agent. Realtors are now struggling with one thing: Low inventory. Which means low sales, which means low commission which means no business for realtors. There's...
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    Baby, we got a bubble!?

    http://www.movesmartly.com/2013/05/a-closer-look-at-torontos-condo-market-.html
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    Realtor Commission Rate for million dollar homes

    Thanks and I would assume the commission rate is typically 5% here in Toronto which will be split between seller and buyer agents?
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    Realtor Commission Rate for million dollar homes

    Maybe not so much about luxury, just large ticket purchases. Nowadays a two million detached house could have little to do with luxury in some locations unfortunately.
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    Parkdale Village

    http://www.urbancentre.utoronto.ca/pdfs/researchbulletins/CUCS-RB-28-Slater-Parkd.pdf
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    Parkdale Village

    South Parkdale is the southern section of the Vil- lage of Parkdale, annexed by Toronto in 1889, ten years after its official incorporatio n. The area grew rapidly in the late 19th century as one of Toronto’s first commuter suburbs, spurred by the development of the railway and, later, the...
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    Realtor Commission Rate for million dollar homes

    Does anyone have any idea how much realtor commission a buyer / seller should pay for luxury million dollar homes? I know typically each realtor charges 2.5%, just want to get a sense whether this rate is negotiable on higher price points. And if so, how much discount is considered as normal?
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    Baby, we got a bubble!?

    http://blogs.wsj.com/economics/2013/05/28/dont-believe-new-housing-bubble-hype/
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    Baby, we got a bubble!?

    That sounds great. I think the most objective method is to continuously track the avg. ppsf in each area, with the context of % of available units. One suggestion is to pull data from buzzbuzz home or RedPin, they should have a lot of building related data you will need, for example, total...
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    Baby, we got a bubble!?

    Mr ReCharts I find you a good talent for DB Analysis. You probably are a DBA. But please theres no need to attack another who has a different opinion. Your data shows avrg 95% of asking price. These units in CityPlace are the most most typical investor flip condos, the ones built and bought...
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    Baby, we got a bubble!?

    However I would like to add, saying a bubble is inevitable is like saying a bear market is inevitable for stock exchange. Of course it is inevitable, it's a simple supply v.s. demand rule by the 'invisible hand'. The real question is when will it happen. Is it now, 2014 or 2018? The current...
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    Baby, we got a bubble!?

    This is a direct quote from a CCPA research paper: Canada's Housing Bubble - An accident waiting to happen. A few key findings: - A housing bubble is inevitable - Average price is always higher after the bubble comparing to before - The recovery can take up to a two decades or more
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    Toronto Casa III Condos | 179.52m | 55s | Cresford | a—A

    Dollarama no. Brassrail, maybe yes. In central London most prestigious areas do have strip club and red light districts, such as Gray's Inn.
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    Toronto Casa III Condos | 179.52m | 55s | Cresford | a—A

    I guess you are right, its like Queen west. Artists discover a neighborhood first, then brands and luxury boutiques come in, artists get pushed out.
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    Toronto Casa III Condos | 179.52m | 55s | Cresford | a—A

    Just like Parkdale becoming WQW, west Queen West. No neighborhood should be stale. We should embrace the growth of a successful neighbourhood. Yorkvillve itself used to be very rough just a few decades ago. Theres no reason why South Bloor cant be prestigious. Projects like these may attract the...

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