Real Estate in the News

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GTA Realtors® Release Monthly Resale Housing Figures
Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported a record number of home sales through TREB’s MLS® System in February 2016. There were 7,621 transactions reported this past February – up 21.1 per cent compared to February 2015. The average selling price was up by 14.9 per cent annually to $685,278.

Hiding bankrupt property flip ‘fraudulent misrepresentation,’ court rules
A businessman who bought a downtown Toronto property in a bankruptcy sale but secretly flipped it for almost $3 million more before the deal went through is liable for fraudulent misrepresentation, Ontario’s top court ruled February 25, 2016.

Luxury home sales in Toronto, Vancouver to ‘continue to defy gravity,’ report says
The realtor says the Greater Toronto Area will lead the $1-million-­plus residential real estate market, with continued sales gains and price escalation.

2016 purchases a sensible investment—analyst
In a February 29 piece for HuffPost Business Canada, long-time YPNextHome writer and analyst Wayne Karl pointed at the fundamentals—aside from official figures pointing at a 1.5 per cent growth rate for the economy in 2016 and 2.5 per cent for 2017—that would make Canada’s real estate markets a good choice for investors.

Tax time 2016: New for filing this year
RRSPs, charitable returns, capital losses and even medical expenses can be moved forward to the 2016 tax year to bring down the marginal tax rate at a time when it might be higher

A trail of debt and lawsuits: the last days of Sadie Moranis Realty
Brokerage, which quietly filed for bankruptcy on Jan. 19, was in trouble long before, documents obtained by the Star show.

Understanding Toronto’s Heritage Conservation Districts
In a city continuously facing intense development pressure, the politics of heritage preservation often prove a decisive factor in influencing the scope of urban growth. For an individual property, designation on Toronto’s heritage inventory ensures that any redevelopment of the site maintains the heritage building’s prominence and architectural character.

Four ways to improve your influence
The word influence means many things to many people. To some, it means being cunning, manipulative and tricky. Others see influence as ethical and open.

Finding Your Real Estate Niche
When you are an expert in a specialized field, people will turn to you when they are ready to buy, sell, rent, or otherwise do business. Start by taking the time to understand what niches are out there, then decide on one, and drill down to become an expert.

Realty Point Seminars

Realty Point Upcoming Seminars

  • Saturday, March 5, 2016 – Social Media 101 and Getting Started with Facebook
  • Saturday, March 19, 2016 – Advanced Real Estate Sales Training (Part 1)
  • Saturday, April 2, 2016 – New Agent Orientation Training Seminar

For more information and to register click here.
Realty Point
240 Duncan MilL Road, 6th Floor, Toronto ON, M3B 3S6
Free Saturday parking on-site.

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