Great Toronto Real Estate Stories Of 2012 Wrap Up
Last year saw some great Toronto real estate stories. The Toronto Star has just published its own list of 2012 stories, which include a few unique gems.
Just one of these stories includes the now-famous home on Coxwell Avenue, a multi-coloured, 800 square foot cube on stilts. It was put up for sale and sold to a local artist for $125,000 over the asking price.
In another story, a Toronto woman used social media in her effort to her her parents’ bed and breakfast in Prince Edward Island sold. While the deadline of December 22nd passed with no sale, the Facebook Page titled Help My Parents Retire garnered 6,000 hits while previously there hadn’t been a single interested call about the property.
These stories and more are available here.
But those aren’t the only interesting and unique Greater Toronto Area real estate stories of 2012.
In late fall, a couple discovered their recently bought home was the site of a horrific double murder in the mid-1990s, prompting them to sue their real estate agent. In another similar case, a woman in Keswick found out that her home was the site of an accidental bathtub drowning. While these issues have no bearing on the safety and soundness of a home and its future residents, it will be interesting to see if these two cases (which made the news within two weeks of one another) will prompt any changes in disclosure laws in Ontario.
In another interesting story, a woman was discovered to be a “serial bad tenant” after renting several homes in the GTA and being evicted from all of them for not paying rent – but because landlord-tenant laws in Ontario are designed to protect tenants, future landlords were unaware of the history of the tenant.
2012 was an interesting year, with plenty of stories both positive and negative about home buying and homeownership in Toronto. What will 2013 bring?