By: Miguel Fernandez Morales LLB, MBA

Real Estate Market Update February 2020

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

 TREB President Michael Collins announced that Greater Toronto Area REALTORS® reported 4,581 home sales through TRREB’s MLS® System in January 2020 – up by 15.4 per cent compared to January 2019. On a preliminary seasonally adjusted basis, sales were up by 4.8 per cent compared to December 2019. “We started 2020 where 2019 left off, with very strong growth in the nu...Read More

By: Miguel Fernandez Morales LLB, MBA

Are Multiple Offers Coming Back

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

 By Miguel Fernandez This winter season is driving the real estate market into a frenzy before the arrival of spring. The lack of housing inventory has caused many buyers, who have grown tired of waiting for prices to drop, to throw themselves into multiple bidding wars for the few properties available. A few days ago, I was in a bidding war competing with 38 offers and I have heard from m...Read More

By: Miguel Fernandez Morales LLB, MBA

How My Friend, Paul, Became Mortgage Free

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

 A few days ago, I was invited to a party by one of my past clients. It was his birthday and if you know me, you know that I never say no to a good party. The party was great; lots of good music, food, and drinks. In between dancing breaks, I naturally began talking with my client’s cousin about real estate over mojitos. As it usually happens whenever someone finds out that I’m a ...Read More

By: Miguel Fernandez Morales LLB, MBA

Real Estate Market Update 2019

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB's MLS® System by Greater Toronto Area REALTORS® were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. On an annual basis, 2019 sal...Read More

By: Miguel Fernandez Morales LLB, MBA

How to start Building Wealth in 2020

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

By Miguel Fernandez I want to share a story about one of my oldest clients. They are from Venezuela and I met them when they were newcomers to Canada almost 10 years ago. At that time, they bought a small apartment to live in with their family. I stayed in touch with them and 3 years later, they called me again. They wanted to sell their apartment and buy a bigger home. My advice at the time was ...Read More

By: Miguel Fernandez Morales LLB, MBA

Real Estate Market Update December 2019

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOr

Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 7,090 sales through TREB's MLS® System in November 2019 – a 14.2 per cent increase compared to November 2018. On a GTA-wide basis, sales were up year-over-year for all major market segments. Annual sales growth in ground oriented home types, including detached houses, led ...Read More

By: Miguel Fernandez Morales LLB, MBA

Here is what you need to know about the new Real Estate Rules

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOR

 New Real Estate Rules The Ontario government recently announced plans to change the rules in the real estate industry in Ontario. The proposed changes are fairly broad, and will impact several areas, some in particular will impact you directly as the consumer. The Real Estate Council of Ontario (RECO), is mandated by the Government of Ontario to protect consumers who buy and sell thei...Read More

By: Miguel Fernandez Morales LLB, MBA

How These Sellers Lost $25,000 When Selling Their House

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOR

 By Miguel Fernandez I usually talk about how much money you can lose when you hire an inexperienced real estate agent, but what about an agent who is experienced? In my last hearing at RECO where I was acting as a chairman, I had to oversee a case of an experienced real estate agent who caused his clients to lose $25,000 because of his greed. The story is that a couple of homeowners decided ...Read More

By: Miguel Fernandez Morales LLB, MBA

What happens when real estate deals cannot close on time?

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOR

 By Mark Weisleder Real Estate Lawyer   In Ontario, real estate deals are supposed to close by 5:00 pm, since that is when the government registration system shuts down. By 5:00 pm, the buyer lawyer is supposed to have sent the required paperwork and money to the seller lawyer trust account and the seller lawyer must send the required paperwork to the buyer lawyer, including the keys. Wh...Read More

By: Miguel Fernandez Morales LLB, MBA

Real Estate Market Update October 2019

Tags: MIGUEL FERNANDEZ, Market InfoRmation, TREB Marketwatch rEAL ESTATE ADVISORS, YOUR FAMILY REALTOR, SPANISH SPEAKING AGENT IN TORONTO, CUBAN AGENT IN TORONTO, AGENTE DE BIENES RAICES CUBANO EN TORONTO Y EL GTA, BIENES RAICES, CASAS TORONTO, HONEST REALTOR

                             Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,491 residential sales through TREB's MLS® System in October 2019. This result represented a 14 per cent increase compared to 7,448 sales reported in October 2018. GTA-wide, ...Read More