Archive for the ‘Uncategorized’ Category
More listings may moderate prices: Average price up by 9.5 per cent
Friday, August 5th, 2011
If you’re thinking of selling your home, there are a number of reason why now might be a great time to do so.
There is a shortage of listings in the GTA and that is forcing prices up. There are currently about 24 per cent fewer active listings on the market than this time last year. It now takes an average of 24 days for a home to sell, compared to 27 days at this time a year ago. In some of the most popular neighbourhoods, there are often multiple offers on homes. Some buyers have waived conditions such as a home inspections in order to have a better chance of closing a deal.
Though in the first half of the year, sales are down by 4.5 per cent, the average price the GTA is up by 9.5 per cent compared to this time last year. The average selling price during the first six months of the year was $467,169, but it is currently more than $475, 000.
“Tight supply meant more competition between home buyers and an accelerating annual rate of price growth,” says the Toronto Real Estate Board’s Jason Mercer. He believes that, encouraged by price growth, more people will put their homes on the market during the rest of the year. This would help moderate prices.
There are also many people who believes interest rates will start rising in the fall or early 2012, which will put the brakes on the busy market. Some analysts believes that will also caused prices to drop, although Canada Mortgage and Housing Corp. says prices will probably level out at near current levels.
The largest price growth has been for detached homes, with bungalows in particular demand.
The Quest for the “Right Realtor”
Thursday, January 27th, 2011
When looking to buy or sell a home, you may be tempted to forgo the cost of hiring a Realtor and paying their commissions, opting for the discount offered by a private seller. The truth is, working with a Realtor means a knowledgeable real estate professional is looking out for your best interests and helping guide you through the complex process of buying or selling your home or condo.
Working witha Realtor also allows you to access a whole network of professionals and range of marketing tools that individuals cannot match on their own. Realtors can give you information on comparable properties and past sales in order to accurately appraise a property. They can also help you focus your wants and needs and help you determine your price range. But how do you find a good Realtor?
When looking for a Realtor, most Canadians begin their search online. It’s definitely a great way to get an idea for who’s out there. However, it can be overwhelming to wade through dozens of brokerage websites and Realtors’ blogs. A better starting point is to ask friends or family for referrals. That way, you get a better sense of what the person is like to work with. Buying or selling a property can take months, so you want to make sure that you are working with someone that you feel comfortable with and trust for the long haul!
Points to consider when hiring a Realtor;
1. Seek someone who is knowledgeable about the area and current market conditions
2. Look for a Full time realtor thats been in the business over 2 years
3. Interview that realtor like they are in a job interview
4. Go with your inner gut feeling that they are a fit for you.
There is a lot of information to know before signing documents and working with a realtor. We do an
hour long buyer consultation to talk about the market, review the buying process, review your mortgage qualifications, closing cost estimation and searching matches for your wish list.
Consider contacting us for more information whether you are selling a property or purchasing.
SOUTH BEACH CONDOS - MIAMI STYLE WITH HOLLYWOOD GLAM!
Friday, July 24th, 2009
Consturction of the first phase of South Beach Condos + lofts begins in August, which gives purchasers about two months to take advatage of sales incentives valued up to $43,000 at the parklawn and lakeshore site. Prices will go up when consturction begins. The limited time incentives include 10,000 to 20,000 of the purchase price, depending on the suite chosen free parking at $20,000and an a free locker valued a $3000. These lofts are hot and sexy ! One of the best areas to purchase close to downtown , these condos will prove to be an amazing investment.
Starting at 454 square feet up to 1800 square feet, prices start at a mare $188,000 up to 1 million. The amenities include indoor/outdoor pools, a shore club, private cabanas, full service spa, yoga/meditation studios, hollywood style screening rooms, and pet daycare service. Occupancy date spring 2011.
Make sure you take your real estate agent when going to visit the showroom to represent you. Your agent can ensure your interests are represented and may be able to get you even better deals!
Contact Toronto-lofts.ca today for agent representation at 1-866-977-5638(loft)
17′ HIGH CEILING LOFTS - GRAND OPENING - JUNE 25TH!
Thursday, June 18th, 2009
Grand Opening!
The most Authentic 2-storey downtown lofts with 17 foot ceiling heights, gourmet kitchens and fabulous amenities are going to be built! A place to Live. To Work. To create. This BLVD Development will feature business centre, lounge, computer room, dog wash stations, indoor basketball and yoga studio..unquestionably trendsetting! Suites start at only $199,900 with 60 - 100 sq.ft. terraces.
COME TO THE BROKER EVENT WITH US TO HAVE FIRST PICK AT THESE LOFTS! (NOT OPEN TO THE PUBLIC) CONTACT US THROUGH OUR SITE AND MENTION THE 17′LOFTS OR CALL TO REGISTER AT 1-866-977-5638 (LOFT)
17 FOOT CEILING LOFTS - SPECTACULAR!
Monday, June 15th, 2009
La Piazza Lofts - 39 Roehampton Avenue
La Piazza is located just north of Yonge and Eglinton. Boasting only a total of 27 units. This intimate loft building is one of the only uptown lofts. All the lofts are two stories and feature an area of 17’ high ceilings in the living area. Windows are an astonishing 16ft of glass.!
Developed by partners Jourdan and Herzig in 1990, these developers were one of the first in Toronto to build a new loft style property from scratch. Architecture by Gabor and Popper comprised of concrete, glass, and steel. Ground floor suites facing the courtyard have patios, penthouses have roof gardens and the rest feature Juliet balconies.
Suites come in one bedroom and one bedroom + den space. Large 16′ high windows allow lots of natural light. The development is comprised of two small towers each serviced by one elevator. Very New York Style!
Email deb@toronto-Lofts.ca today for more information Or call
1-866-977-5638 (loft)
Toronto Lofts in 2009- The time to buy is NOW!
Tuesday, February 10th, 2009
After showing a great deal of resilience over the past year, the Canadian housing market is cooling. Consumer confidence is low, and homes and condos are taking a longer time to sell.
Despite our lower sales statistics and the almighty prophets of doom, there is no better time to buy the home of your dreams than now! Let’s face it, 2007 was a ridiculously good year for home sales, with some of the most unappealing homes getting two to three offers, driving the price way over asking.
Now home buyers are able to negotiate a reasonable price depending on the length of time on the market, and the appeal of the home. Forecasters are predicting a rebound by 2010 with sales projected to jump up to 9.9% with most of the growth coming in the second half of that year, according to Calvin Lindberg, president of CREA.
With interest rates being at an all time low, inventory at its peak and sellers ready to negotiate, this will be a historical time to purchase real estate in Toronto. Our number of sales is still awesome, and Toronto resale statistics are still hanging in there. This is because our market never overheated, but had a slow and steady increase.
Best advice; hire an expert agent in these economic times to sort through the myriad array of buildings, legal paperwork, and closing procedures. Here are a few duties your agent should be providing:
- Listen to what your needs are and follow through with showing specific properties
- Analyzing and disclosing all aspects of buildings and homes of your choice
- Assist you in educating and securing a new mortgage
- Advise you on the true value of your new purchase adjusting for past sales prices
- Guided information from the time of interest to beyond closing
Purchasing a new home can be exciting and overwhelming at the same time. Depending on your agent, this process can be smoother than expected, making this one of the most memorable purchases of your life.
