Posts Tagged ‘Don R. Campbell’

How You Label Yourself Will Determine Your Level of Success
Posted by Don Campbell | September 20, 2017
How You Label Yourself Will Determine Your Level of Success

Long term successful investors find their results in being Connective Pragmatics. They understand that that markets will never be at statistical norm, conditions will never be perfect. They have just learned to observe, adapt then act (and sometimes ‘act’ means sitting on the sidelines). Here’s how to see if you are using this advantage.

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How To Evaluate Your Real Estate ‘Coach’
Posted by Don Campbell | September 3, 2017
How To Evaluate Your Real Estate ‘Coach’

Right now, everywhere you turn you hear people offering Real Estate ‘coaching services’. So how do you know if this service will be of value to you? Below are some key due diligence questions to ask if you are looking for a coach:

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Have You Guessed The Market Wrong?
Posted by Don Campbell | August 14, 2017
Have You Guessed The Market Wrong?

There is a difference between guessing what the real estate market will do, knowing what the market will do AND caring what the market will do. Strategic investors understand that there is a balance between all three that must be found in order to have long-term investing success.

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3 Simple Actions To Establish Instant Engagement With Everyone You Meet
Posted by Don Campbell | May 30, 2017
3 Simple Actions To Establish Instant Engagement With Everyone You Meet

Have you marvelled at how some people are always working on deals and always have an exciting opportunity they are involved with?

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Days on market in GTA a critical indicator – Guest Post
Posted by Don Campbell | November 27, 2016
Days on market in GTA a critical indicator – Guest Post

Here’s a simplified way to look at Canadian housing markets:

1. Average price of real estate is a lagging indicator,
2. Economic Fundamentals are a leading indicator
3. Days-on-market are a market trend indicator

Yes, of course there are many other factors that play into the headline grabbing numbers that make the GTA housing market seem out of control. These include the “Places to Grow Act”, the condo demand cycle, transportation improvements, in-migration and on and on.

But, today we are going focus on a statistic that is either not spoken about much… OR used incorrectly.

In this “Special Guest Post” we have asked our friends at TheRedPin to analyze the GTA for days on market, including trends of specific neighbourhoods. Enjoy this look into the future direction of the GTA market:

Days On Market – What’s Really Going On in GTA?

While most headlines are quick to zero-in on property prices, and how much they spike or drop year-to-year, days on market is just as useful an indicator of where housing is – and where it’s heading.

A measure of how fast or slow a property for sale gets snatched off the market by a buyer, DOM is key to deciphering whether conditions are those of a buyer’s or seller’s market and serves as a litmus test of where the relationship between supply and demand lies.

TheRedPin, a Toronto-based full service real estate brokerage, recently broke down some interesting facts around days on market specifically in the GTA.

  • Where do homes spend the fewest days on market in the GTA?

 After tracking down 17 major cities, TheRedPin highlighted how fast homes sell across the Greater Toronto Area. To keep an even playing field, the brokerage only factored in detached homes rather than pooling all home types together.
Click on this picture to get full interactive map

Click on the Map above to see the full interactive map

 In Q3 2016, the cities of Whitby and Ajax saw detached homes sell the fastest, with an average of just 10 days on market. On the other end of the spectrum, King City and Burlington saw detached properties spend the longest days on market, with average DOM hovering around 30 and 24 respectively.

  • Days on Market and Seasonality

Just as prices can drastically fluctuate based on seasonal highs and lows during the year, the same is true for days on market.

For example, in the frigid cold winter month of January, where the real estate market experiences a considerable slowdown, average days on market tends to plummet. Especially when compared to the ultra-competitive spring market.

When isolating 6 years of GTA housing market statistics, TheRedPin found:

Real-Estate-Days-on-Market-Statistics (1).png

Higher days on market suggests homes take longer to sell, competition isn’t as fierce and conditions are more in favour of buyers. Therefore, house hunters in search of a deal can often use seasonality to their advantage by strategically timing their purchase to fall in winter.

In fact, when highlight how average sold prices compare between January and May, TheRedPin found a $60,000 gap.*

Sellers who put their property on the market in winter are usually more motivated to sell given they’re choosing to list in the off season. Whether it’s due to a sudden move for a new job or for family reasons, sellers in January tend to want to flip their property quickly and are often willing to take a dent in the asking price to do so.

  • Days on Market and Home Type

When pitting the detached family housing market against condominiums, some clear trends arise.

For one, resale values for detached residences outpace the high rise market considerably.

In Q3 2016, detached homes in the GTA saw values climb a whopping 22 per cent year-over-year. Condo apartment on the other hand, saw a far more moderate but still impressive 9.6 per cent increase.

In a similar pattern, days on market for detached homes sits just below 15, while DOM for condos hover around 25.

As with almost everything – supply and demand have a huge role to play. Tighter inventory in the family homes sector means that not only do values climb faster compared to high rises, but properties also take considerably less time to sell too.

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Vancouver Foreign Buyer Property Tax – 6 Current Factors
Posted by Don Campbell | August 22, 2016
Vancouver Foreign Buyer Property Tax – 6 Current Factors

The Vancouver housing market is hot topic, especially since the introduction of the 15% Foreign Buyer tax. In this segment we discuss the impact we are feeling right now, only weeks after implementation, and what we can expect over the coming years.

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Across Canada City by City Commentary
Posted by Don Campbell | August 18, 2016
Across Canada City by City Commentary

In this Video segment, we have a rapid fire real estate Q & A on specific cities across Canada. Take a watch to see how your market is going to perform in the coming 12 months

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Toronto, Don’t Make The Mistakes Vancouver Did
Posted by Don Campbell | August 16, 2016
Toronto, Don’t Make The Mistakes Vancouver Did

Ontario’s GTA housing market is becoming as super heated as Vancouver’s, however it is critical that the discussion and debates of solutions for Toronto region do not degenerate to the gutter level that Vancouver’s did. This is why…

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The Path To Success Is Paved With Many Cobblestones
Posted by Don Campbell | July 21, 2016
The Path To Success Is Paved With Many Cobblestones

Failure and mistakes are a part of any sustainable success journey. With the IDEAL Formula you can use the bumps in your journey to catapult you forward where others would simply give up.

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Are You Ready For The Real Estate Roller Coaster?
Posted by Don Campbell | July 13, 2016
Are You Ready For The Real Estate Roller Coaster?

The reality of investing in real estate – it can be a roller coaster of emotions. Discover how to mitigate the highs and lows, then you will win. Ignore the inevitable and you could lose everything

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