Chris Morris is a real estate sales representative with RealtySource Inc., brokerage, in Kingston, Ontario. He is also the sales representative for Admirals Walk Condominiums at Commodore's Cove.

Wednesday, May 28, 2008

Muskoka-area Realtor wins jackpot

I love selling real estate ... I get a real kick out of it. But make no mistake, I'd be tearing up my licence and leaving my clients high and dry in a second if I just won $27 million like this guy did. Actually, I'd probably buy up all my listings just for fun and purchase 2 waterfront properties for each of my buyers. THEN I'd quit. I'd do something cool like rent an airplane and skyjump into my bosses office and write my resignation letter in liquid gold.
The point is, I wouldn't keep working. That's just not how I roll.
Now I gotta go find the next winning theory to put my plan into action.

Monday, May 26, 2008

mls.ca is changing!

As of June 30, 2008, http://www.mls.ca/ will be switching its focus to a new website at http://www.realtor.ca/.
I just did a beta test on the new site, there's still a few bugs (it's already a month past the initial launch date) but it's pretty impressive. You'll be to do a far more accurate search, inasfaras zooming in on the map the area you want and seeing one of those cute little markers where the houses are.
The site will also incorporate many wonderful tidbits about how important us Realtors are, the great things that we do and how you can't possibly function without us.
http://www.mls.ca/ will stay active for a short time afterwards, but will eventually re-direct to the new http://www.realtor.ca/.

Thursday, May 15, 2008

Yet another market update!

There's not too many questions I can think of that I get more than "how is the market?" - this story has a reasonable take on it.
You can check monthly reports from the Kingston Area Real Estate Association here.

My take - the boom is over, but that's not a bad thing. There's a pattern of moderate price increases over 2007 right now, but nothing huge. Buyers have a lot of great inventory to choose from, which is not good news for sellers, unfortunately. I've seen far too many good listings come on the market overpriced right off the bat, only to realize after 3 weeks that they need to bring that price down - the problem is, the majority of your viewing activity will almost always come in the first 3 weeks. So, sellers, this is not the time to get greedy!

Friday, May 9, 2008

FINTRAC

Over the next few weeks, you will hopefully be hearing about some changes to FINTRAC (Financial Transactions and Reports Analysis Centre of Canada).
While we've been obligated for some time to report any cash received over the amount of $10,000, for some reason we've never had to ask for identification before.
So, if you buying or selling anytime after June 23, a few things will be a bit different - you can read about them here (it's fascinating stuff!)