Trish Bongard Godfrey

  • Trish Bongard Godfrey
  • 12 May 2017

Toronto provides a particularly appealing option for families, thanks to the wealth of kid-friendly activities and homes in the city.

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The Toronto and area marketplace behaved uncharacteristically in April. For the first time in many years the number of sales this month was fewer than the number of sales reported in the corresponding month the year before.

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  • Trish Bongard Godfrey
  • 24 April 2017

Although they share much of the same DNA, conventional and collateral mortgages have crucial and consequential differences.

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  • Trish Bongard Godfrey
  • 24 April 2017

On April 20th, the provincial government introduced the Ontario Fair Housing Plan.

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March residential resale numbers were staggering, in every category.

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The market continues to be plagued by unprecedented low inventory levels.

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Back by popular demand, here is a summary of where to donate items and dispose of hazardous waste.

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Despite the fact that February 2016 had one more day due to the leap year day, this result was up on a year-over-year basis by 5.7 per cent compared to 7,583 sales reported last year.

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  • Trish Bongard Godfrey
  • 28 February 2017

The question that economists, journalist, politicians and realtors are all asking is: What’s happening to the Toronto real estate market?

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  • Trish Bongard Godfrey
  • 28 February 2017

Market Watch - Toronto Region - February 2017 Infographic

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  • Trish Bongard Godfrey
  • 21 February 2017

February 16, 2017 -- City of Toronto Council has approved changes to the Toronto Land Transfer Tax that mean additional Toronto Land Transfer Tax costs for some home buyers with a closing date on or after March 1, 2017, when it will be harmonized with the provincial LTT.

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Market Watch - Toronto Region - January 2017 Infographic

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The Toronto and area residential resale market picked up where 2016 ended. In fact it accelerated the pace of sales we witnessed in December. This is unusual behavior for the market in January, usually a slow month, as buyers and sellers kick out the holiday season cobwebs. But these are unusual times, very unusual times.

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  • Trish Bongard Godfrey
  • 18 January 2017

Happy New Year. I hope you have had a good start to 2017. It would be folly for me to make any big predictions about President-elect Trump and his impact on real estate or anything else. I think we can agree that uncertain, unpredictable, and unconventional are terms to describe this man. And while businesses (and many ordinary humans) tend to want predictability and stability, there is certainly a big part of the world that is unhappy with the status quo. The stock markets seem happy with him so far, but we have a divided world.

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  • Trish Bongard Godfrey
  • 31 December 2016

Market Watch - Toronto Region - December 2016 - Infographic

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  • Trish Bongard Godfrey
  • 31 December 2016

Another record breaking year for the Toronto and area residential resale market. In 2016 113,133 properties were reported sold. This number shattered the previous record of 101,213 properties sold in 2015. That makes two consecutive years in which Toronto and area sales have exceeded 100,000.

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  • Trish Bongard Godfrey
  • 31 December 2016

Special Year End Report

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  • Trish Bongard Godfrey
  • 01 December 2016

In my office we have a white board where agents post their recent sales. It includes the address, list price, sold price, number of offers and who represented the Buyer and the Seller. The board I wish we had is the wall of deals not made: Deals Not Done. These would offers prepared and presented in multiple offer situations for clients and who did not get the deal, because that would be very revealing, too. Recently I represented Buyers for a lovely home that sold for well over list price. There were 6 offers all together. There had been 7, but one dropped out I assume because of the competition. The next night, a colleague texted me at about 9 PM to say she was sitting in a car, waiting, and was representing one of 20 offers on a property that was a “first time buyers” home, on a busy street in the far east end of Toronto. It sold for over $900,000. These are just anecdotal stories: we all have them. You’ve heard them.

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  • Trish Bongard Godfrey
  • 30 November 2016

Toronto Market Report November 2016 - Infographic

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  • Trish Bongard Godfrey
  • 30 November 2016

The year is coming to an end, but there is no slowing down the Toronto resale market. The record for most sales in the greater Toronto area in any year has already been shattered, and there is still the month of December.

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In October the Federal Finance Minister implemented new “stress testing” for buyers looking for high ratio loans. A buyer seeking a high ratio loan normally has less than 20 percent of the purchase of the property. The new “stress testing” rules require borrowers to be qualified at banks’ posted rates, and not the discounted rates, the rate of interest they will actually be paying.

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  • Trish Bongard Godfrey
  • 30 September 2016

As the month of September comes to an end, the two major concerns about Toronto and area’s resale market are declining supply, to critical levels, and rapidly rising home prices. Both have been issues throughout 2016, but they have now become hot points that are attracting the attention of government and potential government intervention.

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As we enter the traditional fall market, the big story in Toronto is inventory shortage. At the end of August there were only 9,949 residential properties available to buyers, a number only slightly higher than the 9,813 properties reported sold in August. This is a historic low.

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The Toronto residential resale market set a new record for sales in July. It appears that there are no more seasonal slowdowns. Almost 10,000 properties were reported sold in July, a month when historically both buyers and sellers took vacations and the number of sales dropped noticeably.

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July was the strongest July on record for reported sales.

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