With all the talk about Toronto Condo Bubbles, Housing Bubbles and all the informed conversations online about HOW the Real Estate and condo market in TO will collapse this year; I offer this simple answer.

We have been doing an Annual Common Charge Survey of the properties we manage. As you would expect, there is quite a variation in fees. The 2011 survey was done on 248 hi-rise condominiums comprising 52,406 units. The average common charge per unit per month was $606.47, the average suite size in the survey was 1,057 square feet and the average cost per square foot per month was 57.4 cents.John Oakes President Brookfield
How are you handling your MLS Data? Are you sharing your listings to Zillow and Trulia?
Do they run ads beside your listings with another agents contact details?
Welcome to the new world of aggregators on the internet.
What will you do?
What will you ask your Broker of Record to do?
Is this what will happen for us in Toronto Real Estate as more people IDX and VOW?
New and updated Mortgage Qualification tools may have some buyers pushed out of the Toronto condo and housing market regardless of the interest rates. You could be affected if you are;
Stated-income products have become very popular during this housing boom, allowing more banks to get involved in loaning to the selfemployed.
"These are individuals that are self-employed, have great credit and won't be able to validate their ability to pay if they are not showing their income on their notice of assessment," said one source.
He says those people with stated income could have to make an even higher down payment than the normal 20% that exempts consumers from buying expensive mortgage default insurance.
The suggestion the government might crack down on condo buyers is not new, having been scrapped last year in favour of tougher new rules on amortization lengths and refinancings. Most people in the real estate sector now believe amortizations will be reduced to 25 years after having been as long as 40 just three years ago.
Go, RUN! Get an iPAD
If you are able to use the GPS in your car; surf the MLS, check realtor.com, review the TOUR of home you have planned by looking at the listings and their interior pictures while enroute, hand the iPad to your buyers to make notes ( EverNote ) and send themselves the pictures they took during the home tour by email when they are done/
You discussed and showed them the Buyers Agency agreement prior to the HOUSE shopping tour.
You have already prepared and have all the contracts to sign online.
Signatures are instantaneous; forward all the documents by email to the Listing agent!
If you need more inspiration the Goodlife Team in Austin Texas were blessed to be selected as the poster child for ipad and Real Estate.
http://www.apple.com/ipad/business/profiles/goodlife-team/
I now have a contract directory of forms in the iBook library available for viewing and explanation.
Although DOCU- Sign is growing in popularity, Ontario Law is very specific about electronic commerce and the sale of property. Everything else could conceivably be signed electronically.
Are you joining the video and technology revolution?
When will you start with Video?
If you have someone coming to or leaving Toronto Canada I would like to hear from you.
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