By: Michael Tough Realty Group

The GTA 2017 Real Estate Roller Coaster – Better than a day at Wonderland!

Tags: 2017, YEAR IN REVIEW, REAL ESTATE UPDATE, STATE OF THE MARKET, MARKET TRENDS

  January to mid-March The feeding frenzy to purchase homes in the first 75 - 80 days of this year was unprecedented. That same madness of line ups that have been typical at a Builder’s New Release of homes was what we witnessed at Open Houses and in Realtor bookings on our listings. As many as six potential buyers were booked in with Realtors at the same time; Open Houses had 40 &ndas...Read More

By: Michael Tough Realty Group

Why I Choose a Career in Real Estate

Tags: CAREERS, PERSONAL, FAMILY

  “Dad, I really like playing soccer and I wish you could come to more of my games.” Those were the words our youngest daughter spoke to me one day after missing yet another of her games. She was about 6 years old at the time, the youngest of our three daughters. It caused me to step back and re-evaluate all that I had become. During an amazing 25 year career in film and televi...Read More

By: Michael Tough Realty Group

Keeping Emotions Between the Lines Can Help You as a Home Buyer

Tags: HOME BUYING TIPS, HOME VALUE

  What is going on with our current real estate prices? Is there any end in sight to the bullish trend in the GTA housing market? It’s easy to get frustrated, but staying focused and keeping your emotions in check, will help you make better, clearer decisions in today’s market.   What is Value? Every home has two prices – the one it lists for and the one it sells for. ...Read More

By: Michael Tough Realty Group

We’re Walking to Support the Homeless on the Coldest Night of The Year

Tags: CHARITY, FUNDRAISER, COLDEST NIGHT OF THE YEAR, CNOY17

  It’s cold out there. By February, I think everyone is just about done with winter and ready to welcome the warm, sunny seasons of spring and summer. Not everyone is fortunate enough to have the blessings of a warm meal and a roof over their head to protect them in the winter months, so our team and I are walking in the Coldest Night of the Year charitable fundraiser. Keller William ...Read More

By: Michael Tough Realty Group

Keeping Your Home Safe During An Open House

Tags: OPEN HOUSE, SAFETY TIPS

  You’re ready to sell your house. You contact your Realtor and start going through the checklist to prepare your house – scrubbing the floors, re-arranging furniture, straightening the picture frames and de-cluttering all those souvenirs you’ve accumulated through the years. It is an exciting time - an anxious time - and there are so many unknowns into which you are now s...Read More

By: Michael Tough Realty Group

A Realtor Buys a House

Tags: BUYING JOURNEY, NEW HOME

  "Honey, I think we should look at this home.” He turned in his chair, “I thought we decided we were moving next year,” he said as his wife sat down beside him with her iPad. “I know that’s what we said. But look at the pictures. The kitchen/living room/dining room combo is everything we have always talked about.” “Photos can be deceiving so...Read More

By: Michael Tough Realty Group

Sold Over Asking: Should I Really Be Impressed?

Tags: HOME PRICING, HOUSING MARKET, MARKETING

  With the recent headline of a 4-bedroom house in Vaughan selling for $400,000 over the asking price, it only seems fitting to address the issue of ‘Sold Over Asking’ claims as it is becoming more common place in our market. The exception has now become the norm!   Accurate Claim or Misleading List Price Looking at this specific house, there have been 4 sales of detach...Read More

By: Michael Tough Realty Group

Real Estate Deposits De-Mystified

Tags: DEPOSIT, MINIMUM, FIRST TIME BUYER

  In Common Law, there must be consideration for a contract to be binding. A real estate deposit essentially acts as that consideration when buying a home. It binds the buyer to the agreement and represents their ‘good faith’ that in 30, 60, 90 days on the Date of Completion they will close on the transaction. It gives the buyer some ‘skin in the game’ and the seller ...Read More

By: Michael Tough Realty Group

The 2017 Housing Market: Where Is It Headed?

Tags: HOUSING MARKET, PREDICTIONS, 2017

  Now, I am no economist and I certainly don’t allow for all those crazy things like GDP, CDN $, trade deficit, and immigration factors – what do I know about such lofty things? What I do know is real estate; specifically, localized real estate. In order to anticipate the future, we must first look at the past. So let’s look at York Region in the past five years across all...Read More

By: Michael Tough Realty Group

Mortgage Broker or Local Bank Branch – Who Should I Speak to for a Mortgage?

Tags: MORTGAGE, BROKER, SPECIALIST, BANK

You’ve saved enough for a down payment on a home and are ready to shop around for a mortgage. You want to be ready to make on offer when that perfect home comes on the market – congratulations! So who should you talk to about your Mortgage options? One of the first questions we ask new clients is whether they have Pre-Approval in place for a mortgage and there are two options you can ...Read More