Breaking
Just realised that I needed to update the SECURE site Certificate at
https://DigitalImagingToronto.com
Strange to think I have had this Matterport Technology since 2008.
Breaking
Just realised that I needed to update the SECURE site Certificate at
https://DigitalImagingToronto.com
Strange to think I have had this Matterport Technology since 2008.
65% of homes are under contract within 2 weeks.
That’s the fastest pace on record. (source TRREB)
In our local market, 1 out of every 2 homes is under contract in less than 8 days
When you factor in historically low mortgage rates and increased buyer demand, you end up with an incredibly competitive market for buyers.
So what’s the good news?
Mortgage applications have declined for 6 consecutive weeks. (source Lindsay Doke Mountainview Mortgage Brokers).
It’s hard to say for certain but this could be an indicator that we’ve reached peak demand. If demand decreases because of rising rates and we see a surge in new listings hitting the market like we typically do in the spring, this will create new opportunities to find that perfect home.
As always, I want to make sure that you’re in the know about all the important trends happening in our local market.
Sincerely,
David Pylyp
p.s. If you’re serious about buying a home this year, let’s connect. Text me at 647.218.2414 and we can set up a time to develop a winning strategy for you this year.
Should you include a Buyers Letter ?
Tony Iacoviello poses a perfect Q and A!
The "Buyer Letter"
Along with some offers the Buyer's Agent will include a letter from the potential Buyer(s) usually with an
accompanying photo to plead their case and demonstrate why they should be the one to buy your client's home.
The letter reveals or implies several pieces of information that fall under protected classes as per either the Canadian Charter of Rights and Freedoms or the Ontario Human Rights Act, including age, marital/family status, implied gender and sexual orientation, ethnicity, among others.
Question:
If the Seller(s) use any or all of that information to make their decision about which offer to accept they could be accused of discriminatory practices (so far as I understand). As their Representative what are my obligations, if any, to them once I receive a Buyer Letter?
Am I somewhat justified in counselling them to ignore the Letter and focus solely on the details of the APS submitted?
/R and occasionally /cute
My Response ~ Ignore the Letter; Enjoy and share the tin of Cookies / Muffins
I market houses.... Call me
http://Calendly.com/davidpylyp
SellinginToronto.ca