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This week's top stories:
  • What price to offer in multiple bid situations?
  • How big is this place, again?
  • How rocket man Elon Musk is changing Canadian real estate  
  • Marie-Yvonne Paint: Montreal’s queen of the luxury market
  • Real estate tax exemptions or rebates for non-residents in Ontario

What price to offer in multiple bid situations?

At the start of each negotiation designation course that I teach, I ask the learners, “What is your biggest challenge right now?” and the answer from the majority of people in the past two weeks has been, “How do I help my buyer know what price to offer in multiples?” Let’s dig into this a little bit deeper.

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How big is this place, again?

The design of MLS listings strongly encourage real estate agents and their sellers to share as much information about a property as possible, including the measurements of each room and overall size of the property. By and large, the inclusion of property size information is standard practice and an expectation of all listings. Here’s another look at a recent court case featuring misrepresented room measurements.

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How rocket man Elon Musk is changing Canadian real estate  

My prediction is that satellite internet will bring about changes as profound as the smartphone did for modern society, and likely more so. Geographically unrestricted access to the internet at high data transfer speeds is going to reshape how the world works, and more significantly, where we can then choose to live and to work in the years ahead.

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Marie-Yvonne Paint: Montreal’s queen of the luxury market

Marie-Yvonne Paint’s background story is like something you’d see on the Netflix series Selling Sunset. Except she’s not selling real estate in glitzy Los Angeles, but rather in the wealthiest neighbourhoods of Montreal. At only 4′11″, Paint, described in a newspaper article earlier in her career as “a tiny ball of mink,” has been a petite queen of the luxury market for over 30 years.

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Real estate tax exemptions or rebates for non-residents in Ontario

In April 2017, the Government of Ontario introduced the Non-Resident Speculation Tax (NRST), which is applied to foreign and non-resident property buyers as a measure to control the real estate market in the Greater Golden Horseshoe Area. However, there are scenarios in which foreign nationals can be exempted, legally avoid the tax or be entitled for a full NRST rebate. It is very simple! 

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