October 2018 Market Update

By: Michael Tough Realty Group

October 2018 Market Update

Tags: OCTOBER 2018 real estate market update

  I have been challenged this month in preparing our latest market update. October is Thanksgiving and hand in hand is a sense of gratitude for all the blessings we have in our lives. I have so very much to be thankful for and am always thrilled to spend the Thanksgiving weekend with family. In business, we are grateful for all our clients in allowing us the opportunity to help them achieve ...Read More

AUGUST 2018 Market Update

By: Michael Tough Realty Group

AUGUST 2018 Market Update

Tags: AUGUST 2018 Real estate market update

    Is the Market Correction Now Behind Us? Welcome to August. Dare I say, the CNE is just around the corner. And then the dreaded (or much awaited) back to school!!  Our summer has been one of the best in years and we trust you and your family have enjoyed the sunshine and the heat. July’s statistics on the Toronto Real Estate Board (TREB) show a strong positive increase...Read More

June 2018 Market Update

By: Michael Tough Realty Group

June 2018 Market Update

Tags: June 2018 real estate market update

    GDP down 1.3%; Employment Growth down 2.6%;Unemployment rate up 5.9%; Inflation down 2.2%..... Headlines and data are all too confusing for our daily consumption. Not sure about you - I prefer the cookies put on a much lower shelf. Life is too busy and we have hectic schedules. Most everything we see, hear or read is a brief soundbite meant only to capture our attention for a brie...Read More

May 2018 Market Update

By: Michael Tough Realty Group

May 2018 Market Update

Tags: MAY 2018 real estate market update

    "The house next to me sold in a week; and one down the street is sitting and sitting. What is up with our market? The time tested adage in real estate - other than "Location. Location. Location. - is "It's all about price." Ordinarily, I would agree. In a balanced market, where the buyers have a reasonable number of homes to choose from, Seller's must b...Read More

Take Me Out To The Ball Game

By: Michael Tough Realty Group

Take Me Out To The Ball Game

Tags: TAKE ME OUT TO THE BALL GAME

    As I approach another anniversary of becoming a Realtor, and as our team approaches new milestones of service to our clients, it causes me to step back for a moment and just be grateful. Incredibly grateful to those early clients who believed in me long before I did (and some of them who may not have ever known how 'green' I was); to our repeat and referring clients who tru...Read More

March 2018 Newsletter: Riddle me this... what went up, then came way down and is still up?

By: Michael Tough Realty Group

March 2018 Newsletter: Riddle me this... what went up, then came way down and is still up?

Tags: MARCH 2018 NEWSLETTER: RIDDLE ME THIS... WHAT WENT UP, THEN CAME WAY DOWN AND IS STILL UP?

    March Break 2017. The week it all changed! If you recall, last year at the end of February, all everyone could talk about was house prices and the staggering, eye-popping price increases year over year. At one point, I recall someone showing me a graph that indicated Aurora was up 44% and Newmarket was up 38%. It was mind-numbing even trying to keep pace with the daily record sett...Read More

First Time Home Buying Seminar

By: Michael Tough Realty Group

First Time Home Buying Seminar

Tags: FIRST TIME HOME BUYING SEMINAR

    We are thrilled to present an informative evening filled with great information about our current market and all the exciting next steps to buying your first home!   5 Reasons You Should Come First 5 people to register and attend receive a $25 gift certificate Enter to win a $34,000 Cash giveaway or one of twenty-four prizes of $1,000 CASH   *some conditions apply Al...Read More

Rates are Rising - The Cost of Waiting

By: Michael Tough Realty Group

Rates are Rising - The Cost of Waiting

Tags: RATES ARE RISING - THE COST OF WAITING

    I had a very interesting conversation with a home buyer at an Open House recently. They are excited to be out looking; they are pre-approved with a mortgage rate locked for 90 days (until the end of March); and they are curious if house prices will continue to decline. So we began to talk about their timing, specifically as it relates to the recent announcement by all of the ...Read More

By: Michael Tough Realty Group

Keep Calm and….!

Tags: REAL ESTATE MARKET 2017, OUTLOOK, BUYER'S MARKET, SELLER'S MARKET, HOME CAPITAL, REAL ESTATE BUBBLE

  Every where I go these days, someone has a “Keep Calm And…” bumper sticker or shirt. I guess we can recite the Keep Calm mantra for just about anything now. And that includes our current Real Estate Market. I in no way mean to diminish the challenges being faced by some home sellers right now; nor do I in any way look casually or carelessly on the stress and financial h...Read More

By: Michael Tough Realty Group

My Sale is in Jeopardy…. Now What?

Tags: LEGAL, REAL ESTATE DEPOSITS, BREACH OF CONTRACT

  DISCLAIMER: This blog contains my own personal thoughts about our current market and some steps to take when a Real Estate sale is showing signs of not closing. I am not a Lawyer, nor do I pretend to be an expert in the law. If your sale is in peril, seek professional guidance from your Realtor and Lawyer immediately. What a crazy market this has become. Since my last blog about the Rolle...Read More