True Milestones Inc., Real Estate Brokerage

03/12/2023

Commercial property for sale in Schomberg.

331 MAIN ST, King, Ontario L0G1T0

03/04/2023

February sales in the Greater Toronto Area were down substantially from the pre-rate hike levels of early 2022.
Toronto-area home prices down 18% from last February, sales halved.
GTA Real Estate Market information neatly organized in one place ... for all those looking to keep up to date with these crazy times!
This new section on my website provides links to everything from housing sales statistics, rental market information, and commercial real estate data. Of course, it's all publicly available information, but I thought it would be useful to organize it in one place.
I will keep it up to date monthly.
Updated March 3, 2023
Enjoy!

Rental Market Intelligence (Q4-2022) --  Population growth and higher interest rates drove demand for rental in the last quarter of 2022.

02/05/2023

GTA Real Estate Market information neatly organized in one place. Updated February 5, 2023

As we moved from 2022 into 2023, the Greater Toronto Area housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. 

11/14/2022

Attention Real Estate Agents in Ontario! As far as the Canada Revenue Agency is concerned, you are an Independent Contractor. This means that you are solely responsible for remitting the appropriate income tax and HST. If you are serious about succeeding in Real Estate, a robust bookkeeping system is mandatory for your business.

This is NOT something they teach you in school, but it can cost you a lot of time and money if you don’t get set up with a proper system from the start. The advantage of setting up your own system is that once you get it going, the maintenance is minimal. Also, it is a great way to capture all your expenses like business start up costs, mileage, advertising, professional fees, etc. Furthermore, you can choose not to share your personal and business information with somebody else at the end of every tax year.

There are certain requirements that are unique to Real Estate Agents like commission splitting with your Brokerage that needs to match the reporting method on the T4A.

Regardless of which brokerage you choose to work for, I will take you step by step in setting up your business book keeping system.

1. You will need to purchase a popular, independent (and inexpensive) bookkeeping software. I will show you which one. It is simple to use, and I use it to run my business.
2. I will work with you, online, to set up all the appropriate accounts.
3. I will give you a tutorial on how to perform pretty much any task you will need to run your Real Estate business.
4. Extra coaching can be available if required.

Contact me to learn more.

www.truemilestones.ca

04/19/2022

OPEN BID PROCESS coming soon.

Open bids will be an option for Real Estate Sellers. This means that Sellers will be able to decide if other buyers can see offer details. The intent is to tame real estate prices, particularly during a multiple offer scenario, where people offer well-above listing price to secure the deal. It will be interesting to see how many Sellers will select the option designed to tame the selling price. Will be interesting to see how long it will be an "option".

The Ontario government is introducing new real estate regulations that would allow home sellers to share bids on their property and disclose the details of competing offers.

12/09/2021

SOLD -- A big thank you to a long-time client for her trust in me, and another fantastic condo sale in a challenging market ... to say the least.

Also, I would like to acknowledge Simon Yu from T-ONE GROUP REALTY. He is a like minded agent that worked extremely hard for his clients and displayed the utmost in professionalism.

Attention investors! Just listed this condo in the heart of downtown Toronto. The current lease term is until August 31, 2022.