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Sold Data: Debunking the Confusion

As of August 2018, the Toronto Real Estate Board announced that Brokers will now be able to post sold prices of properties online.

What’s the big deal with making sold data available to the public? For years, good real estate agents supplied their clients with this information in making any real estate transaction. In the U.S., solds have been available to the public for several years. Now the Canadian Real Estate Association, through realtor.ca, will make this information available.

So what does a list of solds provide to owners? Not much. These sales don’t tell you what the interiors are really like, or what was next door to the property. For condos, units facing in one direction over another can mean a difference of $50,000 for the same unit. The real value with good agents is in gathering the right information and interpreting it for their clients.

After all, you get stock prices online every day, yet smart people still rely on stock brokers.

I’m always here to help and answer your questions should you have any. Please don’t hesitate to reach out and let me know how things are going. I’d love to hear from you.

-With files from Remax Condos Plus

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