Bogdan  Poprawski

Bogdan Poprawski

Broker of Record

Spencer Group Inc., Realty Brokerage

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905-206-1011
Office:
905-206-1010
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Bogdan Poprawski's blog

The internal real estate business rules in Ontario

Although these rules have been around for generations, the public at large seems to invent the approach to the real estate business almost daily.
​This is a very good explanation of internal works in our business fro those who are not familiar with real estate transactions.

https://www.thestar.com/real-estate/2022/12/23/real-estate-agents-must-deal-with-buyers-through-their-own-agents.html?rf

Referrals

Can my real estate agent collect a referral fee when recommending a home inspector?

Are prices on the rise again?

Toronto home prices and sales in August 2022 see month-over-month growth for the first time since February.
Alexander said Alexander if the Bank of Canada continues to raise rates, sales and prices could fall again.

It takes 60 to 90 days for consumers to digest higher interest rates.
If (the bank) holds firm, people will be fighting again over the limited product available.

Crystal ball?

Changes, changes, changes .... in all aspects of real estate.
Ontario’s housing market has been red hot for years now, but that could soon change, and some areas will be hit harder than others.

https://www.cp24.com/news/these-are-the-areas-where-ontario-housing-prices-will-take-the-biggest-drop-1.5948453

Canada risks housing-related recession if interest rate hikes get too aggressive

Real estate is the biggest business in Canada.
It is an engine of the entire economy.
Yet ...
In a Tuesday update, senior Canada economist Stephen Brown noted the central bank seemed unfazed by a double-digit drop in home sales in May — the second consecutive such monthly drop — and that it was adopting an increasingly hawkish tone on inflation.

It is not just one way lately ...

The recent GTA market is challenging.
We are witnessing significant changes in prices: from 30 percent drops to 12 percent jumps — why some GTA real estate markets are hot while others are not.

https://www.thestar.com/news/gta/2022/06/07/from-30-per-cent-drops-to-12-per-cent-jumps-why-some-gta-real-estate-markets-are-hot-while-others-not.html

Whi profits the most from unaffordable housing?

Rental and purchase housing unaffordability will be the top-of-mind determining factor in our next provincial and federal elections. The federal political parties are indistinguishable when reviewing their respective solutions. None understand the core fundamental causes of unaffordability, nor do provincial housing ministries and CMHC.

https://www.realestatemagazine.ca/who-profits-most-from-unaffordable-housing/

Some fact and some speculation

The crazy year 2021 is gone and a new year 2022, probably crazier, is upon us.
I have attached the link with tonnes of information
Go through it at your leisure. Lots of interesting stuff ...

https://indd.adobe.com/view/ce62a7f5-525e-4321-a652-c15bb46bc88b

Courts say it’s on the buyers to confirm a home’s size

A decision of Ontario’s Divisional Court serves as a reminder that home buyers cannot rely on a published listing when it comes to the interior size of a home.
Michael Mitchell and Richard Bowring owned a bungalow in Mississauga. In July 2020, they listed it for sale through the Multiple Listing Service (MLS). The listing represented the interior of the house as having “Apx Sqft 2500-3000.”

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