bigpoppa
Well-known member
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.
There is a site somewhere that shows the actual selling prices and you can do a comparison
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.
That was bungol.caDidnt 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.Didnt realtors end up getting it shut down?
Transparency and information are to realtors what garlic is to vampires.
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.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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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.
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.So why is housesigma and zoocasa allowed to continue while bungol was shut down?
maybe the owner of bungol ran heavily afoul of TREB.
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.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.
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.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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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.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.
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.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.
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.
Actually... I think you and my Mom would hit it off!Do you think your mom would like me?? Kidding........ well not completely . You wont have to call me dad....