Got this spam from an agent today. The "market" value is what someone will pay for it. So it's kind of a joke that this is "significantly below market value." (I guess they're going off the appraisal - but when was that done? And how independent were they actually?)

Good "phantom offers" case that went to court. Agent selling a property they owned said there were competing registered offers when they didn't exist. Had to give back some of the amount offer was padded by. I looked up the agent, Helen Tran, and there are two by that name.

TRREB was giving a "we're back!" spin to July numbers, saying it was the highest July for sales in 4 years. True *but* the Feb, Mar, Apr, May, and June were all the worst in the last 4 years shown here (and for many years longer in reality).

Chart from the latest RBC Economics housing report. Interesting about calling it a shift from tailwind to headwind, but that seems rightly so. Watch out condo markets.

Ontario active listings level is highest since 2010 per this RBC Economics chart.

RECO has known since May that iPro had a multi-million shortfall in its trust account, and says ownership took trust money to pay back investors in its holding company and cover operational expenses. Do real estate financial regulations need an overhaul? theglobeandmail.com/real-estate/ar…

If they cheaped-out on proper sized windows for this renovation, what else did they cheap out on (visible and not)? 🤨