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COVID and the housing market

There is a site somewhere that shows the actual selling prices and you can do a comparison

Didnt realtors end up getting it shut down?
Transparency and information are to realtors what garlic is to vampires.
 
Didnt realtors end up getting it shut down?
Transparency and information are to realtors what garlic is to vampires.
Housesigma works well in the gta. As you move out further, some areas dont have nearly as much available data. Iirc there was another similar website that got killed by treb.
 
Didnt realtors end up getting it shut down?
Transparency and information are to realtors what garlic is to vampires.
When you go to buy a house no one is on your side. The more you pay the more the agents make the more the owner makes. You don't have access to the data and if economics and crystal ball reading aren't your forte you are dead meat.

Back when houses tended to sit for a while and sold a bit under list you could theoretically offer a sales rep a kickback of a portion of what he saved you, enough to offset his commission loss.

When houses sell for tens or hundreds of thousand over list in a few days, what leverage do you have to get a rep to get you a deal?
 
If you don’t want to chat with a realtor, and aren’t in a rush to sell, you can do your own “hillbilly” research.

1. Go on realtor.ca and find a number of houses in your neighbourhood that make a good comparable to your own home.

2. Make a simple database of the listings. Perhaps also screenshot some photos from the listing to look back at.

3. Keep an eye on your mailbox for the realtor flyers that brag about “sold for xxx% over asking” or $$$K over asking.

4. Find the house in your database and do the math to calc what it sold for.

Btw, some realtors show the actual sell price in their flyer.


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If you don’t want to chat with a realtor, and aren’t in a rush to sell, you can do your own “hillbilly” research.

1. Go on realtor.ca and find a number of houses in your neighbourhood that make a good comparable to your own home.

2. Make a simple database of the listings. Perhaps also screenshot some photos from the listing to look back at.

3. Keep an eye on your mailbox for the realtor flyers that brag about “sold for xxx% over asking” or $$$K over asking.

4. Find the house in your database and do the math to calc what it sold for.

Btw, some realtors show the actual sell price in their flyer.


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I just look around on housesigma and see what things are listing and selling for. You dont always get direct comps but they give you a pretty good idea of where yours would land.
 
Housesigma works well in the gta. As you move out further, some areas dont have nearly as much available data. Iirc there was another similar website that got killed by treb.

Only limitation would be less data from less properties. Housesigma pulls from realtor sales data and realtor.ca. If it wasn't sold privately or a pre-con it would have the data.

I did find that my old place, it was pretty rural so just hard to find similar comparables with similar specs but any urban housing you should be able to get a pretty clear picture of price.

It takes just an email to sign up. you can literally view the whole sale and listing history of most houses (ex: sold in 2013 for $XXX, 2015, 2017, listed for $) really helps you know what they originally paid, how many times they tried to sell it for etc.
 
So why is housesigma and zoocasa allowed to continue while bungol was shut down?
maybe the owner of bungol ran heavily afoul of TREB.
 
So why is housesigma and zoocasa allowed to continue while bungol was shut down?
maybe the owner of bungol ran heavily afoul of TREB.
There are some rules around signing up vs publicly available to anyone. I think bungol ran afoul of some scraping rules where they were allowed to pull data for one reason and then used it for another. It seemed like it was a process fumble by bungol that housesigma got right. Housesigma is missing data from many real estate boards. Not sure if that is regulatory or just not worth their time to gather.
 
Only limitation would be less data from less properties. Housesigma pulls from realtor sales data and realtor.ca. If it wasn't sold privately or a pre-con it would have the data.

I did find that my old place, it was pretty rural so just hard to find similar comparables with similar specs but any urban housing you should be able to get a pretty clear picture of price.

It takes just an email to sign up. you can literally view the whole sale and listing history of most houses (ex: sold in 2013 for $XXX, 2015, 2017, listed for $) really helps you know what they originally paid, how many times they tried to sell it for etc.
If it was sold privately or pre-con, can anybody get that information(other than the original parties involved)? You could theoretically pull from land transfer records but there used to be a trick you could play with prepaying transfer tax so it showed up as zero on those records too.
 
I trust tow truck truck drivers more than realtors
 
Realtors can help you. They often know stuff about an area that you dont, like a proposed high rise between you and your lake view. Or that the area you are looking at has a very high crime rating. But that only works if you have a working relationship with an agent, but few of us do.

But dont ever think agents are negotiating the "best deal" , right now they are happy to lead the winning bid. Which actually may be the best deal.
 
I’m up north at Moms place where she has a nice waterfront house on Georgian Bay. There was a lot at the end of her street with no water frontage, that was $70k about 3 years ago. The same lot (uncleared) just sold for $300k.

Her place 3 years ago was worth around $700k and there quite a few nice waterfront homes for sale on the area. The market up here has gone so nuts for waterfront lots that it’s now worth almost $2mil and there is next to nothing available. Mostly just uncleared lots with no water or waterfront homes in excess of $3mil.

Feels like homes up here have more than doubled in value in under 5 years.
 
If it was sold privately or pre-con, can anybody get that information(other than the original parties involved)? You could theoretically pull from land transfer records but there used to be a trick you could play with prepaying transfer tax so it showed up as zero on those records too.

Don’t think it could be zero. Or anything other then the full purchase price. Municipality accesses owners property taxes on that amount.


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Don’t think it could be zero. Or anything other then the full purchase price. Municipality accesses owners property taxes on that amount.


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The game was you determine land transfer tax on purchase and prepay the municipality in full. Then you can run the paperwork through at zero on closing.

Property tax is based on mpac assessment which is unrelated to sale price. Mpac normally lags by years. My mpac assessed value is hundreds of thousands less than we paid. Your actual mpac value doesn't really matter, only the relative value to other houses.
 
The game was you determine land transfer tax on purchase and prepay the municipality in full. Then you can run the paperwork through at zero on closing.

Property tax is based on mpac assessment which is unrelated to sale price. Mpac normally lags by years. My mpac assessed value is hundreds of thousands less than we paid. Your actual mpac value doesn't really matter, only the relative value to other houses.
MPAC uses sales data from Teranet. Teranet runs Ontario's land registry where purchase prices are registered. The longer you own your property the better off you are when it comes to property taxes as the assessment won't really ever show current true value.
 
MPAC uses sales data from Teranet. Teranet runs Ontario's land registry where purchase prices are registered. The longer you own your property the better off you are when it comes to property taxes as the assessment won't really ever show current true value.
Admittedly not the best source, but this is in line with what I was told before. I'm not sure how MPAC is calculating individual property values but it is not individual sales prices. Maybe average price increase on their base assessment? I don't know, it's all magic. Without telling you where you are within the pool, the prices in MPAC don't even mean anything.

"If you prepay your land transfer taxes, the sold price showing for your property in the land registry system will be zero or $2."
 
A house a block from me ~2/3's the size of our house, similar size lot (but clear cut, no trees) just sold in three days for 200K more than we paid for ours two years ago. This cant end well. The bank presidents are constantly penning articles berating BoC for their handling of this and continued rosy outlook.
 
I’m up north at Moms place where she has a nice waterfront house on Georgian Bay. There was a lot at the end of her street with no water frontage, that was $70k about 3 years ago. The same lot (uncleared) just sold for $300k.

Her place 3 years ago was worth around $700k and there quite a few nice waterfront homes for sale on the area. The market up here has gone so nuts for waterfront lots that it’s now worth almost $2mil and there is next to nothing available. Mostly just uncleared lots with no water or waterfront homes in excess of $3mil.

Feels like homes up here have more than doubled in value in under 5 years.

Do you think your mom would like me?? Kidding........ well not completely . You wont have to call me dad....
 
Do you think your mom would like me?? Kidding........ well not completely . You wont have to call me dad....
Actually... I think you and my Mom would hit it off!
She has done some crazy travels by boat, including the Arctic passage a few times, the Haida Gwaii many times and traveled the world several times over.

You could go up there, stay for free for a weekend or a week, swap travel tales, do a bunch of my chores and and she would cook up a storm for you every meal. You would be at the waters edge the entire time amongst beauty of Georgian Bay and I could go riding.
 

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