KNOWLEDGE CAFÉ

GeoWarehouse is a centralized property information source owned by Teranet that provides mapping and research tools. Teranet manages the Ontario Electronic Land Registration System and offers a suite of related data products.

I was recently approached by a person who wanted to know my thoughts about the listing price of his home. He thought his home was listed too high and specifically wanted to know when, and by how much he should lower the price. Although I wasn’t his REALTOR®, and I didn’t have all the information about his home, my initial response based on the limited facts was that he should immediately lower the price. My rationale is listed below.

The Municipal Property Assessment Corporation (MPAC) is an independent, not-for-profit corporation that assesses and classifies all properties in Ontario. As a member of a local Real Estate Board, a REALTOR® typically has access to MPAC Propertyline, which is a database of real-time property information across the province.

If you are interested in being a commercial tenant, or a landlord for a commercial property, it is important to understand how commercial rents work.

In real estate, many investors purchase pre-construction condos with the hopes of realizing a windfall several years later when the condo is built and resold. In most cases, the market will naturally appreciate and the purchaser can make a profit through the subsequent capital gain.