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How to tell if your real estate agent will cost you big money
Not all real estate agents are created equal. But when the market’s moving at a maniacal pace, consumers can feel justified in making hasty decisions when choosing an agent.
“Both buyers and sellers need to interview a few prospective agents, even if they receive a referral to an agent, so they have some sense of compatibility and skill,” says John Lusink, President & Broker of Record at real estate brokerage Right at Home Realty. “While everything real estate seems to be going at full speed, this is exactly where the consumer needs to slow down and take their time.”
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Jittery Toronto house hunters pounce as year closes
The Toronto-area real estate market is ending 2021 with a burst of energy from buyers who want to clinch a deal before the year ends.
Manu Singh, a real estate agent with Right at Home Realty Inc., has seen market psychology change all through the fall. In early December, he senses that some buyers are rushing towards the finish line. Mr. Singh believes the lack of inventory, the threat of rising interest rates and an expected increase in immigration are all contributing to market sentiment. “Buyers are more reactive to news,” he says. “It changes from week to week.”
Looking ahead, Mr. Singh expects buyers to keep a keen eye on interest rates and levels of inventory.
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Real Estate Magazine (REM Online)
New Leadership: 2022 Durham Region Association of Realtors
New additions to the DRAR board include Trevor Johnston, sales representative, Right At Home Realty Inc., Brokerage.
Trevor is the newly elected Director-at-Large and hails from our Port Perry office - congratulations Trevor!
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The Liberal election promise that will increase Canadian home prices
“Raising the max insured amount is just going to bring a few more potential first time buyers into the market, but isn’t necessarily going to have any impact on the struggles buyers are having,” says John Lusink, president of Right at Home Realty.
What could improve affordability? Both Lusink and Fleming feel that the solution to Canada’s housing crunch must begin with the rapid building of new supply.
“Remove red tape and improve the timeframes to bring new homes to market,” Lusink says. “The average timeline for new construction has more than doubled in the last two decades from an average of nine months to 21 months.”
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Toronto’s Most Famous Laneway House Hits the Market with Full-Size Asking Price
Toronto’s most celebrated laneway house has hit the market for the first time since its initial sale in 2005. Famously designed by Kohn Shnier Architects, the modern and compact three-bedroom, three-bathroom ‘Laneway House’ at 54 Croft Street sits on a quiet lane where the Annex meets Little Italy.
Type: Single-family home
Size: 1300 square feet
Price: $3,250,000
Taxes: $9,495 /yr
Listing Brokerage: Right At Home Realty Inc., Brokerage - Lndwdi12aWV3LW91dHB1dFtkYXRhLXRvb2xzZXQtdmlld3Mtdmlldy1lZGl0b3I9IjBmMmJhYjcyNmU2Y2RmNmU3MTExYzZlMmM5Njk2NWNlIl0gPiAudGItZ3JpZC1jb2x1bW46bnRoLW9mLXR5cGUoM24gKyAxKSB7IGdyaWQtY29sdW1uOiAxIH0gLndwdi12aWV3LW91dHB1dFtkYXRhLXRvb2xzZXQtdmlld3Mtdmlldy1lZGl0b3I9IjBmMmJhYjcyNmU2Y2RmNmU3MTExYzZlMmM5Njk2NWNlIl0gPiAudGItZ3JpZC1jb2x1bW46bnRoLW9mLXR5cGUoM24gKyAyKSB7IGdyaWQtY29sdW1uOiAyIH0gLndwdi12aWV3LW91dHB1dFtkYXRhLXRvb2xzZXQtdmlld3Mtdmlldy1lZGl0b3I9IjBmMmJhYjcyNmU2Y2RmNmU3MTExYzZlMmM5Njk2NWNlIl0gPiAudGItZ3JpZC1jb2x1bW46bnRoLW9mLXR5cGUoM24gKyAzKSB7IGdyaWQtY29sdW1uOiAzIH0gLndwdi12aWV3LW91dHB1dFtkYXRhLXRvb2xzZXQtdmlld3Mtdmlldy1lZGl0b3I9IjBmMmJhYjcyNmU2Y2RmNmU3MTExYzZlMmM5Njk2NWNlIl0gLmpzLXdwdi1sb29wLXdyYXBwZXIgPiAudGItZ3JpZCB7IGdyaWQtdGVtcGxhdGUtY29sdW1uczogbWlubWF4KDAsIDAuMzMzM2ZyKSBtaW5tYXgoMCwgMC4zMzMzZnIpIG1pbm1heCgwLCAwLjMzMzNmcik7Z3JpZC1hdXRvLWZsb3c6IHJvdyB9IC53cHYtdmlldy1vdXRwdXRbZGF0YS10b29sc2V0LXZpZXdzLXZpZXctZWRpdG9yPSIwZjJiYWI3MjZlNmNkZjZlNzExMWM2ZTJjOTY5NjVjZSJdIC50Yi1tYXNvbnJ5IHsgZ3JpZC10ZW1wbGF0ZS1jb2x1bW5zOiBtaW5tYXgoMCwgMWZyKSBtaW5tYXgoMCwgMWZyKSBtaW5tYXgoMCwgMWZyKTtncmlkLWNvbHVtbi1nYXA6IDVweDsgfSAud3B2LXZpZXctb3V0cHV0W2RhdGEtdG9vbHNldC12aWV3cy12aWV3LWVkaXRvcj0iMGYyYmFiNzI2ZTZjZGY2ZTcxMTFjNmUyYzk2OTY1Y2UiXSAudGItbWFzb25yeSAudGItYnJpY2tfX2NvbnRlbnQgeyBwYWRkaW5nOiAwIDAgNXB4IDA7IH0gLndwdi12aWV3LW91dHB1dFtkYXRhLXRvb2xzZXQtdmlld3Mtdmlldy1lZGl0b3I9IjBmMmJhYjcyNmU2Y2RmNmU3MTExYzZlMmM5Njk2NWNlIl0gLndwdi1jb2xsYWdlIHsgZ3JpZC1jb2x1bW4tZ2FwOiAxNXB4O2dyaWQtcm93LWdhcDogMTVweDsgfSBAbWVkaWEgb25seSBzY3JlZW4gYW5kIChtYXgtd2lkdGg6IDc4MXB4KSB7IC53cHYtdmlldy1vdXRwdXRbZGF0YS10b29sc2V0LXZpZXdzLXZpZXctZWRpdG9yPSIwZjJiYWI3MjZlNmNkZjZlNzExMWM2ZTJjOTY5NjVjZSJdID4gLnRiLWdyaWQtY29sdW1uOm50aC1vZi10eXBlKDNuICsgMSkgeyBncmlkLWNvbHVtbjogMSB9IC53cHYtdmlldy1vdXRwdXRbZGF0YS10b29sc2V0LXZpZXdzLXZpZXctZWRpdG9yPSIwZjJiYWI3MjZlNmNkZjZlNzExMWM2ZTJjOTY5NjVjZSJdID4gLnRiLWdyaWQtY29sdW1uOm50aC1vZi10eXBlKDNuICsgMikgeyBncmlkLWNvbHVtbjogMiB9IC53cHYtdmlldy1vdXRwdXRbZGF0YS10b29sc2V0LXZpZXdzLXZpZXctZWRpdG9yPSIwZjJiYWI3MjZlNmNkZjZlNzExMWM2ZTJjOTY5NjVjZSJdID4gLnRiLWdyaWQtY29sdW1uOm50aC1vZi10eXBlKDNuICsgMykgeyBncmlkLWNvbHVtbjogMyB9IC53cHYtdmlldy1vdXRwdXRbZGF0YS10b29sc2V0LXZpZXdzLXZpZXctZWRpdG9yPSIwZjJiYWI3MjZlNmNkZjZlNzExMWM2ZTJjOTY5NjVjZSJdIC5qcy13cHYtbG9vcC13cmFwcGVyID4gLnRiLWdyaWQgeyBncmlkLXRlbXBsYXRlLWNvbHVtbnM6IG1pbm1heCgwLCAwLjMzMzNmcikgbWlubWF4KDAsIDAuMzMzM2ZyKSBtaW5tYXgoMCwgMC4zMzMzZnIpO2dyaWQtYXV0by1mbG93OiByb3cgfSAud3B2LXZpZXctb3V0cHV0W2RhdGEtdG9vbHNldC12aWV3cy12aWV3LWVkaXRvcj0iMGYyYmFiNzI2ZTZjZGY2ZTcxMTFjNmUyYzk2OTY1Y2UiXSAudGItbWFzb25yeSB7IGdyaWQtdGVtcGxhdGUtY29sdW1uczogbWlubWF4KDAsIDFmcikgbWlubWF4KDAsIDFmcikgbWlubWF4KDAsIDFmcik7Z3JpZC1jb2x1bW4tZ2FwOiA1cHg7IH0gLndwdi12aWV3LW91dHB1dFtkYXRhLXRvb2xzZXQtdmlld3Mtdmlldy1lZGl0b3I9IjBmMmJhYjcyNmU2Y2RmNmU3MTExYzZlMmM5Njk2NWNlIl0gLnRiLW1hc29ucnkgLnRiLWJyaWNrX19jb250ZW50IHsgcGFkZGluZzogMCAwIDVweCAwOyB9ICB9IEBtZWRpYSBvbmx5IHNjcmVlbiBhbmQgKG1heC13aWR0aDogNTk5cHgpIHsgLndwdi12aWV3LW91dHB1dFtkYXRhLXRvb2xzZXQtdmlld3Mtdmlldy1lZGl0b3I9IjBmMmJhYjcyNmU2Y2RmNmU3MTExYzZlMmM5Njk2NWNlIl0gID4gLnRiLWdyaWQtY29sdW1uOm50aC1vZi10eXBlKDFuKzEpIHsgZ3JpZC1jb2x1bW46IDEgfSAud3B2LXZpZXctb3V0cHV0W2RhdGEtdG9vbHNldC12aWV3cy12aWV3LWVkaXRvcj0iMGYyYmFiNzI2ZTZjZGY2ZTcxMTFjNmUyYzk2OTY1Y2UiXSAuanMtd3B2LWxvb3Atd3JhcHBlciA+IC50Yi1ncmlkIHsgZ3JpZC10ZW1wbGF0ZS1jb2x1bW5zOiBtaW5tYXgoMCwgMWZyKTtncmlkLWF1dG8tZmxvdzogcm93IH0gLndwdi12aWV3LW91dHB1dFtkYXRhLXRvb2xzZXQtdmlld3Mtdmlldy1lZGl0b3I9IjBmMmJhYjcyNmU2Y2RmNmU3MTExYzZlMmM5Njk2NWNlIl0gLnRiLW1hc29ucnkgeyBncmlkLXRlbXBsYXRlLWNvbHVtbnM6IG1pbm1heCgwLCAxZnIpIG1pbm1heCgwLCAxZnIpIG1pbm1heCgwLCAxZnIpO2dyaWQtY29sdW1uLWdhcDogNXB4OyB9IC53cHYtdmlldy1vdXRwdXRbZGF0YS10b29sc2V0LXZpZXdzLXZpZXctZWRpdG9yPSIwZjJiYWI3MjZlNmNkZjZlNzExMWM2ZTJjOTY5NjVjZSJdIC50Yi1tYXNvbnJ5IC50Yi1icmlja19fY29udGVudCB7IHBhZGRpbmc6IDAgMCA1cHggMDsgfSAgfSA=
Outsized laneway home in Little Italy scoops record sale price
24 Treford Place, Toronto
Asking price: $4,985,000 (August, 2021)
Selling price: $4,985,000 (August, 2021)
Taxes: $14,316 (2021)
Days on the market: 12
Listing agent: Paul Johnston, Right at Home RealtyThis multi-use, laneway property on a 70-foot-by-103-foot lot appealed to creative professionals needing a work/live space. There were two offers and the sellers took the one that matched their $4.985-million asking price.
“There’s an enormous amount of demand for lane house properties, and for a property of this size and significance,” agent Paul Johnston said.
“A typical freehold home in that neighbourhood will range from roughly $1.2-million to about $2.6-million. This was the most expensive single-family freehold property to sell, so it’s a record breaker in the entire district.”