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 To enhance your buying and selling experience, it’s our job as real estate professionals to provide you with as much valuable information as possible. It is essential that the buyer or seller be aware of all aspects of the real estate market before making a major decision. Whether it be through newsletters, checklists or news articles, we are here to make this process stress-free and rewarding.
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| Current Market Slowdown Brings Opportunities for Buyers! | There were 2,670 sales in January compared to 5,075 in the first month of 2008. Demand for existing homes in the Greater Toronto Area moderated as the housing market followed the broader economic slowdown in Canada. The average home price in the Greater Toronto Area was $343,632, compared to $374,449 lastJanuary. The median price was $303,000 compared to $319,000 last year. Current selling prices are a reflection of more choice and value in the existing home marketplace. Also, at the same time, low mortgage rates have helped keep ownership housing an affordableoption. Given that we are not facing an early-1990s-style affordability crisis, the rebound in the housing market will likely be quick once economic recovery takes hold. We are optimistic that spring will bring better things in the marketplace. November, December and January, was like somebody shut the lights out and threw away the keys. Now you’re getting many enquiries and calls from buyers who want to take advantage of the current climate.
There was a 29% rise in Toronto MLS listings last month compared with a year earlier, and sellers are waiting an average 49 days before they can sell their homes (almost two weeks longer than a year ago) so buyers will be able to take advantage of having more selection than in years past. Home prices began their descent in the fall of last year. But bear in mind, the average home prices in 2007 was artificially high because of an increase in million-dollar home sales as buyers tried to beat the deadline for the land transfer tax and people upsized to larger homes by taking out 40-year mortgages. There are opportunities at any point in the housing market cycle and with the current moderated housing prices combined with low interest rates there are excellent long-term investment and homeownership opportunities in the GTA housing market. Rental Properties Increases 30%! | During the latest reporting period (September 1, 2008 to December 31, 2008) there was 3,433 rented condominium apartments and townhouses in the Greater Toronto Area. This represents an increase of 30 per cent over the 2,635transactions recorded during the same time frame in 2007. A good part of this increase likely came from rental listings in newly completed condominium apartment buildings containing investor-owned units. Condominium apartment completions were up by 70 percent in the GTA last year. In the City Of Toronto, completions increased by136 percent*. Average condominium apartment rents, on an annual basis, rose for one, two, and three bedroom types during the September to December period. Average two bedroom units, for example, rose two per cent to $1,895 per month. Annual average rent increases were noted for one-bedroom townhouses. The Central Area once again proved the most active for GTA rentals, with 2,052 units rented duringthe September to December period, up 37% from the same time in 2007. In the C01 and C08 districts rental units in several newly completed buildings accounted for a large portion of the increase. There were 1,175 were one-bedroom units which rented for an average of $1,550 per month, and 721 were two-bedroom units that rented for an average of $2,141 per month.
| Canadian Real Estate Forecast for 2008 | The average price of a Canadian home is expected to decline by 8 per cent this year before rising by about 1 per cent in 2010, says a forecast by the Canadian Real Estate Association. "We are caught in a cycle where consumer confidence has been eroded by job losses, and consumer confidence is an essential ingredient for housing sales activity," CREA president Calvin Lindberg said in a report released yesterday. The average Canadian home price was $303,594 at the end of 2008, but that should drop to $279,400 by the end of this year before rebounding slightly next year, according to the association that represents realtors in Canada. Sales activity is also forecast to fall by 16.9 per cent this year, but realtors are predicting a rebound of 9.9 per cent in 2010, marked by a second-half acceleration based on a recovering economy. "The correction in Canada's housing market continues to unfold and it appears the pace is a bit quicker than we had originally anticipated," Charmaine Buskas, senior economics strategist with TD Securities, said in a note yesterday. "In the face of continued economic Innovative Selling: Real Estate Staging |
Real Estate Staging also known as Home staging is the art and science of merchandising a property’s best features, downplaying its flaws and understanding the psychology of what make buyers emotionally connect with your house in order to buy it. If it is done right, Real Estate Staging can minimize the time a property sits on a market and increase the selling price - up to 6%, as our statistics show.
Once you have made a decision to put your house on the market, you and Dennis will share a common goal: to sell your house for the best price, in the shortest amount of time. Dennis will tell you in today’s market place, your property needs to have an “edge” over the properties for sale in your area and price point. A buyer’s positive perception of your house is crucial. Contrary to public opinion, buyers do not visualize themselves living in your house. Buyers know only what they see NOT the way it will be. Within seconds of entering, a prospective buyer is already forming an impression of you and your house. Research shows that an average buyer takes only 3 minutes to walk through a house.
Long gone are the days when the Real Estate market was so hot, that properties sold in record numbers, in multiple bids situations, when a property with a D.O.M more than 21 days was perceived by potential buyers as one with serious problems. Buyers became more and more educated over the last years and are taking advantage of the immense housing inventory these days. They look for more opportunities to negotiate lower selling prices and better conditions. 87% of potential buyers start their research on the Internet. They make a list of 10 properties of interest and 77% of them will drive by to see the properties in person. If you want your home to make the Top 10 list, it is very important to have great pictures of your property on MLS.
As you know, there are 3 important keys to a successful sale: Price, Location and Condition/Presentation of the property. The market dictates the selling price of your property, you cannot change the location, but you can, though, improve the Condition/Presentation of your property. A Professional Staging Consultant can help you, step by step, in preparing and styling your property for the market. S/he will perform a thorough consultation, room by room, inside and out your property and provide a list of recommendations. S/he will work with you to create a plan of action for everything that needs fixed/changed/improved to make your property move-in ready. If you are too busy to do the work, a Staging Consultant can also be the Project Manager for all the work that needs to be done on your property. S/he has a network of trusted and insured trades that s/he can bring to do the work for you.
After all the repairs are done, the Staging Consultant will bring her/his design team to showcase/style your property. By using most of your own furnishing and bringing in just few accent pieces and coordinated accessories, your house will be transformed into a “Model Home” that will surely leave a lasting great impression in buyers’ minds and hearts. And this is why they will commit to buy it.
Contrary to the public opinion, Real Estate Staging doesn’t have to cost a lot of money. Our statistics show that 79% of some sellers are willing to spend up to $5000.00 to get the property ready for sale. It is recommended that home sellers budget between 1%-3% of the asking price for staging their properties. A Home Gain survey done in 2008 shows that the return of investment for home staging went up to 349% from 169% in 2004. An experienced Staging Consultant will work with any budget and time constraints you have and will still deliver a great transformation ensure a your “model home” will be SOLD!.
| -POWER OF SALE AND FORECLOSED HOMES-    If you are interested in obtaining information about Power of Sale and Foreclosed homes, please send me a request through email and I can provide you with all the up-to-date MLS listing information to you through email. – FEATURE HOMES – | | Brand New Residences of Verve | $345,000 | Unobstructed South Facing Unit In Brand New Residence Of Verve. Built By Tridel. Beautiful Laminate Hardwood Flooring Throughout. Upgraded Kitchen W/ Stainless Steel Appliance And Granite Counter. Parking And Locker Included! Beautiful View Of City And Lake. Large Balcony. 9 Ft Ceiling. Open Concept Design. Den Can Be 2nd Bedroom. Approx 664 Sf Per Plan.
Great Facilities! State Of Art Gym/Fitness Centre, Resort Style Recreational Activities, Rooftop Garden/Pool, Fully Equipped Party & Media Room. 24 Hr Security Visitor Parking. | 
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| | Power of Sale | $122,900 |
Great 2Br Floorplan. Large Eat-In Kitchen With Granite Counters! Open Concept Living And Dining Room! Master Bedroom Has An Ensuite Washroom And Spacious Walk-In Closet. Lots Of Potential! Renovators Special! Mayfair On The Green Bright And Fabulous Condo W/ Million Dollar Recreation Facilities. Easy Showings Anytime. Quick Closings Available. Great Value!
| | One of a Kind Unit! | $399,000 | . One Of A Kind Unit! Brand New Loft W/ 12 Ft Celings At Minto's Quantum South Building. Upgraded With Stainless Steel Appliances. Granite, Hardwood Floors, Glass Bath & Parking & Locker! Tenant Pays Utilities! Potential For 2nd Bedroom.
Large 898 Sq. Ft. Unit! Easy Showings Anytime! Walk To Subway/ Shops. Great Building Amenities: 24-Hr Security, Pool, Gym, Whirlpool, Business Centre & Guest Suites, Media Centre ! | 
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| | Luxury Living in College Park | $375,000 |
Location! Great Living in College Park! Direct Access to Subway and 24 hour Dominion. Great Layout. Large Balcony. Den Can be Used as 2nd Bedroom. Open Concept Kitchen with Granite Counters. 24 Hr Security. Water and Hydro Included in Monthly Fees. Parking Included. A Must See!
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| | | | | | | | | | Market Evaluation Your home may be worth more than you think! Call me anytime on my mobile at 416-616-6884 or send me an email to arrange a personal discussion about your home. Email Information If you are interested in obtaining information about homes sold and homes for sale in your neighbourhood, please send me an email and I can provide up-to-date MLS listing information to you through email. | 
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| This newsletter is not intended to solicit buyers or sellers currently under contract. | | | | | | | | | | | |
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| Current Market Slowdown Brings Opportunities for Buyers! | There were 2,670 sales in January compared to 5,075 in the first month of 2008. Demand for existing homes in the Greater Toronto Area moderated as the housing market followed the broader economic slowdown in Canada. The average home price in the Greater Toronto Area was $343,632, compared to $374,449 lastJanuary. The median price was $303,000 compared to $319,000 last year. Current selling prices are a reflection of more choice and value in the existing home marketplace. Also, at the same time, low mortgage rates have helped keep ownership housing an affordableoption. Given that we are not facing an early-1990s-style affordability crisis, the rebound in the housing market will likely be quick once economic recovery takes hold. We are optimistic that spring will bring better things in the marketplace. November, December and January, was like somebody shut the lights out and threw away the keys. Now you’re getting many enquiries and calls from buyers who want to take advantage of the current climate.
There was a 29% rise in Toronto MLS listings last month compared with a year earlier, and sellers are waiting an average 49 days before they can sell their homes (almost two weeks longer than a year ago) so buyers will be able to take advantage of having more selection than in years past. Home prices began their descent in the fall of last year. But bear in mind, the average home prices in 2007 was artificially high because of an increase in million-dollar home sales as buyers tried to beat the deadline for the land transfer tax and people upsized to larger homes by taking out 40-year mortgages. There are opportunities at any point in the housing market cycle and with the current moderated housing prices combined with low interest rates there are excellent long-term investment and homeownership opportunities in the GTA housing market. Rental Properties Increases 30%! | During the latest reporting period (September 1, 2008 to December 31, 2008) there was 3,433 rented condominium apartments and townhouses in the Greater Toronto Area. This represents an increase of 30 per cent over the 2,635transactions recorded during the same time frame in 2007. A good part of this increase likely came from rental listings in newly completed condominium apartment buildings containing investor-owned units. Condominium apartment completions were up by 70 percent in the GTA last year. In the City Of Toronto, completions increased by136 percent*. Average condominium apartment rents, on an annual basis, rose for one, two, and three bedroom types during the September to December period. Average two bedroom units, for example, rose two per cent to $1,895 per month. Annual average rent increases were noted for one-bedroom townhouses. The Central Area once again proved the most active for GTA rentals, with 2,052 units rented duringthe September to December period, up 37% from the same time in 2007. In the C01 and C08 districts rental units in several newly completed buildings accounted for a large portion of the increase. There were 1,175 were one-bedroom units which rented for an average of $1,550 per month, and 721 were two-bedroom units that rented for an average of $2,141 per month.
| Canadian Real Estate Forecast for 2008 | The average price of a Canadian home is expected to decline by 8 per cent this year before rising by about 1 per cent in 2010, says a forecast by the Canadian Real Estate Association. "We are caught in a cycle where consumer confidence has been eroded by job losses, and consumer confidence is an essential ingredient for housing sales activity," CREA president Calvin Lindberg said in a report released yesterday. The average Canadian home price was $303,594 at the end of 2008, but that should drop to $279,400 by the end of this year before rebounding slightly next year, according to the association that represents realtors in Canada. Sales activity is also forecast to fall by 16.9 per cent this year, but realtors are predicting a rebound of 9.9 per cent in 2010, marked by a second-half acceleration based on a recovering economy. "The correction in Canada's housing market continues to unfold and it appears the pace is a bit quicker than we had originally anticipated," Charmaine Buskas, senior economics strategist with TD Securities, said in a note yesterday. "In the face of continued economic Innovative Selling: Real Estate Staging |
Real Estate Staging also known as Home staging is the art and science of merchandising a property’s best features, downplaying its flaws and understanding the psychology of what make buyers emotionally connect with your house in order to buy it. If it is done right, Real Estate Staging can minimize the time a property sits on a market and increase the selling price - up to 6%, as our statistics show.
Once you have made a decision to put your house on the market, you and Dennis will share a common goal: to sell your house for the best price, in the shortest amount of time. Dennis will tell you in today’s market place, your property needs to have an “edge” over the properties for sale in your area and price point. A buyer’s positive perception of your house is crucial. Contrary to public opinion, buyers do not visualize themselves living in your house. Buyers know only what they see NOT the way it will be. Within seconds of entering, a prospective buyer is already forming an impression of you and your house. Research shows that an average buyer takes only 3 minutes to walk through a house.
Long gone are the days when the Real Estate market was so hot, that properties sold in record numbers, in multiple bids situations, when a property with a D.O.M more than 21 days was perceived by potential buyers as one with serious problems. Buyers became more and more educated over the last years and are taking advantage of the immense housing inventory these days. They look for more opportunities to negotiate lower selling prices and better conditions. 87% of potential buyers start their research on the Internet. They make a list of 10 properties of interest and 77% of them will drive by to see the properties in person. If you want your home to make the Top 10 list, it is very important to have great pictures of your property on MLS.
As you know, there are 3 important keys to a successful sale: Price, Location and Condition/Presentation of the property. The market dictates the selling price of your property, you cannot change the location, but you can, though, improve the Condition/Presentation of your property. A Professional Staging Consultant can help you, step by step, in preparing and styling your property for the market. S/he will perform a thorough consultation, room by room, inside and out your property and provide a list of recommendations. S/he will work with you to create a plan of action for everything that needs fixed/changed/improved to make your property move-in ready. If you are too busy to do the work, a Staging Consultant can also be the Project Manager for all the work that needs to be done on your property. S/he has a network of trusted and insured trades that s/he can bring to do the work for you.
After all the repairs are done, the Staging Consultant will bring her/his design team to showcase/style your property. By using most of your own furnishing and bringing in just few accent pieces and coordinated accessories, your house will be transformed into a “Model Home” that will surely leave a lasting great impression in buyers’ minds and hearts. And this is why they will commit to buy it.
Contrary to the public opinion, Real Estate Staging doesn’t have to cost a lot of money. Our statistics show that 79% of some sellers are willing to spend up to $5000.00 to get the property ready for sale. It is recommended that home sellers budget between 1%-3% of the asking price for staging their properties. A Home Gain survey done in 2008 shows that the return of investment for home staging went up to 349% from 169% in 2004. An experienced Staging Consultant will work with any budget and time constraints you have and will still deliver a great transformation ensure a your “model home” will be SOLD!.
| -POWER OF SALE AND FORECLOSED HOMES- If you are interested in obtaining information about Power of Sale and Foreclosed homes, please send me a request through email and I can provide you with all the up-to-date MLS listing information to you through email. – FEATURE HOMES – | | Brand New Residences of Verve | $345,000 | Unobstructed South Facing Unit In Brand New Residence Of Verve. Built By Tridel. Beautiful Laminate Hardwood Flooring Throughout. Upgraded Kitchen W/ Stainless Steel Appliance And Granite Counter. Parking And Locker Included! Beautiful View Of City And Lake. Large Balcony. 9 Ft Ceiling. Open Concept Design. Den Can Be 2nd Bedroom. Approx 664 Sf Per Plan.
Great Facilities! State Of Art Gym/Fitness Centre, Resort Style Recreational Activities, Rooftop Garden/Pool, Fully Equipped Party & Media Room. 24 Hr Security Visitor Parking. |
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| | Power of Sale | $122,900 |
Great 2Br Floorplan. Large Eat-In Kitchen With Granite Counters! Open Concept Living And Dining Room! Master Bedroom Has An Ensuite Washroom And Spacious Walk-In Closet. Lots Of Potential! Renovators Special! Mayfair On The Green Bright And Fabulous Condo W/ Million Dollar Recreation Facilities. Easy Showings Anytime. Quick Closings Available. Great Value!
| | One of a Kind Unit! | $399,000 | . One Of A Kind Unit! Brand New Loft W/ 12 Ft Celings At Minto's Quantum South Building. Upgraded With Stainless Steel Appliances. Granite, Hardwood Floors, Glass Bath & Parking & Locker! Tenant Pays Utilities! Potential For 2nd Bedroom.
Large 898 Sq. Ft. Unit! Easy Showings Anytime! Walk To Subway/ Shops. Great Building Amenities: 24-Hr Security, Pool, Gym, Whirlpool, Business Centre & Guest Suites, Media Centre ! |
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| | Luxury Living in College Park | $375,000 |
Location! Great Living in College Park! Direct Access to Subway and 24 hour Dominion. Great Layout. Large Balcony. Den Can be Used as 2nd Bedroom. Open Concept Kitchen with Granite Counters. 24 Hr Security. Water and Hydro Included in Monthly Fees. Parking Included. A Must See!
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| | | | | | | | | | Market Evaluation Your home may be worth more than you think! Call me anytime on my mobile at 416-616-6884 or send me an email to arrange a personal discussion about your home. Email Information If you are interested in obtaining information about homes sold and homes for sale in your neighbourhood, please send me an email and I can provide up-to-date MLS listing information to you through email. |
|
| This newsletter is not intended to solicit buyers or sellers currently under contract. | | | | | | | | | | | |
|
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