Robert Atkinson - Blog - Robert Atkinson

Recent Blog Posts by Robert Atkinson
Home prices continue their ascent The most common question I hear in real estate is "When will prices drop?" Apparently not for anytime soon as evidenced by a report from Stats Canada stating that home prices continued their climb in August. Fuelled by a healthy demand, sound underlying economic fundamentals, as well as a continuing low interest rate environment that contributes to supporting affordability, August marked ... Posted by Robert Atkinson on October 14, 2011		More
Canada continues to shine as a place to call home..... I was following up on a report from Scotia Capital about the world economy and was pleased to see something that matched what we in the industry have been seeing first hand....Canada continues to have a good economy and is a great place to be invested in real estate. Below is a direct quote from the report which I have included a link to further down in my blog. "Canada’s housing ... Posted by Robert Atkinson on September 28, 2011		More
Home prices set to plummet! Lately I"ve been asked by friends, family and even people I meet on the street who find out I"m in real estate, "I hear prices are going to drop by 25%. Prices are so high, it's about time." My general response is the same. Yes, prices might drop by 25%, or they might go up even more! When we look at the information that is causing the prices to go up it really doesn't seem possible ... Posted by Robert Atkinson on August 10, 2011		More
Sellers Market Confirmed! Well, with 15% fewer listings this May compared to last May, and mortgage rates still at record lows the Toronto Real Estate market continues to perform well, favoring sellers over buyers. Sales were up 6% over last May. “Positive economic news and low borrowing costs led to strong sales through the first five months of the year, including the increase in May,” said Toronto Real Estate ... Posted by Robert Atkinson on June 13, 2011		More
Sellers market? Toronto Real Estate Board states “The number of listings has been below expectations so far this year. Increased competition between home buyers has led to an accelerating annual rate of price growth,” which has pushed home prices up to a 9% increase over last April, setting the average home price to $477,407. There is an expectation that this new spike in prices will encourage ... Posted by Robert Atkinson on May 7, 2011		More
Spring Market It never stops to amaze me how active the spring market can be. There seems to be a shortage of good homes for sale and as a result home buyers are actively seeking out these homes and are prepared to pay to get them. What seems to be different this year from prior years is that buyers are actually passing over lesser homes and holding out for the ones that are well staged, clean and show ... Posted by Robert Atkinson on March 21, 2011		More
Are you concerned about a 'bubble' in home prices? 2010 was the Third Best Year for Existing Home Sales Greater Toronto REALTORS® reported 4,395 existing home sales for the month of December, bringing the 2010 total to 86,170 – down by one per cent compared to 2009. “Market conditions were anything but uniform in 2010. We went from supercharged sales activity during the first four months of the year, to a marked drop-off in transactions in the summer and then in the fall saw sales climb ... Posted by Robert Atkinson on January 14, 2011		More
Boom? Bust? Where's the market going? Economists are predicting the current activity in housing to slow down. This means home prices will stabilize as the demand begings to balance with the availability. See this attached story from the Toronto Sun. Last year’s comeback for Canada’s housing market will carry through early 2010 but subdued activity is on the horizon as higher prices and interest rates make property ... Posted by Robert Atkinson on March 26, 2010		More
Economists predict higher interest rates in fall According to many of Canada’s top economists, higher interest rates – and debt servicing costs – may be just around the corner. Exactly when rates will rise is unclear and depends on who you talk to. In its latest Financial System Review, The Bank of Canada judges that vulnerability of Canadian households to adverse wealth and income shocks has grown in recent years. “At ... Posted by Robert Atkinson on February 2, 2010		More
Home, Sweet ... Investment Property? Canada's real estate market is changing faster than ever before. Depending on your province, city - and sometimes even your street - real estate prices may have dropped, increased or remained stable over the past few months. Due to this variance, real estate sales representatives like to remind folks that all real esate is local and that the national trends you hear in the news can often be ... Posted by Robert Atkinson on January 26, 2010		More
Are prices expected to climb or decline? Everyone is interested in real estate, even if they're not buying or selling. Lately one of the most common questions I get is "Is the market still slow?" I find this really interesting as the market is really quite strong right now! Most homes are selling within a week and often with multiple offers. There are a number of factors at play as to why this is happening and it's best ... Posted by Robert Atkinson on January 2, 2010		More
GTA Housing Market Rebound Continues in September October 5, 2009 -- In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year. “We have experienced an increasing rate of existing home price growth in the GTA as sales have continued outpace 2008 results,” said TREB President ... Posted by Robert Atkinson on October 8, 2009		More
Strong Sales Continue In August In August 2009, Greater Toronto REALTORS® reported 8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same month last year. "The increase in demand for existing homes has been widespread across different housing types and price ranges," said TREB President Tom Lebour. "This suggests many categories ... Posted by Robert Atkinson on September 10, 2009		More
Save money on your taxes while earning income Many people get into real estate as a form of wealth protection or generation but find themselves frustrated when faced with issues of being a landlord. What if I told you of a way to get all the benefits of being a landlord (ownership of real estate, rental income, tax deductions) without the downside (dealing with tenants, finding tenants, getting them to pay, fixing the property). There is a ... Posted by Robert Atkinson on July 25, 2009		More
GOVERNMENT REBATE$!!! Anyone thinking of doing upgrades to thier home be sure to check out the link below. Here you can find out what upgrades will get you a rebate and which ones won't. Not only will you feel good about helping the environment you will also be helping your pocket book by reducing your monthly bills and increasing your homes value in the market place. Call me to find out what your home is worth ... Posted by Robert Atkinson on June 20, 2009		More
WOW...the government is helping first time home buyers even more! We all know about the goverments offer where qualified home buyers can use a generous portion of their RRSP money to buy a home but there is a 2nd program available. The Home Buyers Tax Credit allows qualified home buyers to claim up to $750 in tax credit relief. While it may not sounds like a lot to many, this amount could potentially cover your legal fee's. I don't know about you ... Posted by Robert Atkinson on May 15, 2009		More
Invest in real estate AND get a tax break, how is this possible? There is a 'secret' out there that many people are not aware of that allows them to invest in income producing real estate and also get tax deductions for up to 6 years! Instead of putting a monthly amount into RRSP's and then praying that they are wisely invested (mine slid over 34%!) you can put this same money into an investment plan that has you owing a share of a commercial property with solid ... Posted by Robert Atkinson on March 28, 2009		More
Greater Toronto Home Resales at 1,500 in Mid December TORONTO, December 17, 2008 -- Greater Toronto REALTORS® reported 1,487 resale transactions during the first half of December, from 2,868 sales recorded in the same period a year ago, Toronto Real Estate Board President Maureen O'Neill announced today. The average price of a home in the Greater Toronto Area is currently $360,652. This compares to an average of $404,707 recorded during the first ... Posted by Robert Atkinson on January 15, 2009		More
How are home prices affected by the economy? Understanding today's real estate market and how the market impacts the home selling process can be confusing. This report is designed help you make the right decisions for your family by helping you understand the market and its impact on the selling process. The real estate market is a simple function of supply and demand. In real estate, supply is the total number of homes ... Posted by Robert Atkinson on November 10, 2008		More
I want to wait until the spring to sell my home.... Seems every where we turn there is news from the US of failed banks and economic uncertainty. Many people are 'wanting' to move to a home that is better suited to them but that if they wait until the spring they will be able to get a better price for their home. Now, I'm not a psychic or able to see the future but I do have good common sense and the market indicators are pretty clear.... ... Posted by Robert Atkinson on October 3, 2008		More
GTA resale housing market down but still healthy The Greater Toronto Area resale housing market saw 3,955 homes change hands in the first half of April, down five per cent from the same time period last year, Toronto Real Estate Board President Maureen O'Neill announced today. "The first half of April brought sales activity within five per cent of mid-April 2007," said Ms. O'Neill. In the City of Toronto sales are down 11 per cent compared to a ... Posted by Robert Atkinson on April 23, 2008		More

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