Archive for August, 2011
This is a great article written by lawyer, Mark Weisleder in The Toronto Star. My manager, Dianne Usher brought it to my attention. I have heard horror stories ranging from fraud to personal safety concerns, (how do you know you are safe if a stranger enters your home?). Registered Real Estate Salespeople and Brokers are held accountable, bound by a professional Code of Ethics which is part of the Real Estate and Business Broker’s Act, 2002, administered by the Real Estate Council of Ontario. RECO protects the public interest though a fair, safe, and informed marketplace.
Thus far, I personally have not encountered many sellers listing their properties on their own on MLS. However, in the few instances when I have, either the owner has not known how to respond or coordinate showing requests or has announced open houses and subsequently canceled them without notice. Real Estate Salespeople ensure the marketing process, negotiations, and completion of the transaction run smoothly. I feel the system the professional real estate community in our city has created has resulted in the high value of real estate property in Toronto. There is a lot involved in a smooth transaction.
The Toronto Real Estate Board’s Market Watch Report for July 2011 shows that we continue to enjoy a strong market here in Toronto. The average selling price is up nearly 10% from this time last year. In C09, which includes Rosedale, the average has increased 23.2%. C04 in North Toronto has increased 15.5%. Riverdale, (E01) has increased 15.3% and W02, including Bloor West Village, is up 10.2%. Read the full article and don’t let the stock market get you down.