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 Central Toronto Real Estateyonge-eglinton.ca inquiries@yonge-eglinton.ca 02.04.2007
Here you will find many valuable tools to aid you in the process of buying or selling real estate.
Please feel free to contact me via telephone or e-mail at any time and I will be pleased to help you with your real estate needs.
I look forward to speaking with you.
Frank Jones
Sales Representative
ReMax Hallmark Realty Ltd.Brokerage
www.yonge-eglinton.ca Main page content:
[t2_logo.jpg] Toronto Real Estate is growing and so are we!
Frank Jones
Sales Representative
Office: (416) 486-5588
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Do you want to know what your property is worth today?
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Common Selling Mistakes
Learn the top nine selling mistakes, and what steps you can take to avoid them.
Selling Your Home
Remember what first attracted you to your house when you bought it? What excited you about its most appealing features? Now that youre selling your home, youll need to look at it as if you were buying it all over again.
Surviving the Sale
Getting a good price for your home is important, but minimizing stress and simplifying the selling process can be just as essential.
The Right Selling Price
When you’re selling your home, the price you set is a critical factor in the return you’ll receive. Learn several factors to base the assessment of your home.
Buying Your First Home
Many renters are starting to think about purchasing a home of their own. This article highlights several factors that should be considered when purchasing a home.
The Right Home at the Right Price
This article helps you become a savvy buyer, by pointing out some of the pitfalls inherent in the home-buying process.
Avoid Common Buyer Errors
Some buyers, however, caught up in the excitement of buying a new home tend to overlook some items. When you have a systematic plan before you shop, you’ll be sure to avoid these costly errors. Here are some tips on making the most of your home purchase.
But Do You Need It
Buying a home can be an emotional, time-consuming, and complex process. There are a few things that you can do to help make the process go as smooth as possible.
New listings are being added every few hours. Where do you want to live?
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Here you will find many valuable tools to aid you in the process of buying or selling real estate.
Please feel free to contact me via telephone or e-mail at any time and I will be pleased to help you with your real estate needs.
I look forward to speaking with you.
Frank Jones
http://central-toronto-real-estate-blog.blogspot.com/
TORONTO REAL ESTATE NEWS RELEASE
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GET THE TORONTO REAL ESTATE MARKET WATCH REPORT DELIVERED TO YOUR EMAIL AS SOON AS IT COME OUT.
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DO YOU WANT TO KNOW THE SALES ON YOUR STREET.
JUST ASK FOR IT!
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Strong start for 2007
TORONTO, February 6, 2007 -- The January resale housing market was the best January ever, registering 13 per cent more transactions than a year ago, Toronto Real Estate Board President Dorothy Mason announced today. The 5,173 sales in the month were six per cent above the previous record set in January 2002.
“Sales have been very solid to start the year,” Mrs. Mason said. “Its a very good sign for the market to see a healthy level of activity carrying over from last years strong finish.”
Scarboroughs Birchmount Park / Cliffside area (E06) saw 55 per cent more overall sales compared to last January, with detached homes accounting for nearly all transactions.
In the Islington / Kingsway area of Etobicoke, a jump in condominium transactions helped to push overall sales 42 per cent higher than January 2006.
An increase in sales of condominiums and semi-detached homes helped lift Forest Hill to an overall increase of 56 per cent over January of last year.
North of the city, in Markham West / Langstaff (N01), 50 per cent more homes changed hands in January than during the same month a year ago.
Ted Tsiakopoulos, CMHCs Ontario regional economist, noted that Torontos housing market has been a very stable sector of the economy.
“The market remains resilient despite slower job growth, high energy prices, and a loss of migrants to western Canada,” Mr. Tsiakopoulos said. “Historically low interest rates, strong income growth and healthy consumer confidence are important factors keeping January home sales buoyant across the GTA.”
TREBs President added that while the results are preliminary, they should instill confidence in consumers.
“The housing market is healthy and continues to be well supported by strong economic fundamentals,” Mrs. Mason said. “These are ideal conditions, and consumers can feel confident making a switch to another home or realizing their dream of home ownership for the first time.”
Toronto REALTORS® are passionate about their work. They adhere to a strict code of ethics and share a state-of-the-art Multiple Listing Service designed exclusively for REALTORS®. Serving more than 24,000 Members in the Greater Toronto Area, the Toronto Real Estate Board is Canadas largest real estate board.
Selling a Home in Toronto, Ontario
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Selling your home is an involved process that affects your family and your future. Before you begin this process, youll want to ensure that you have the most up-to-date information. When should you sell? How do you get the best price? What kinds of renovations should be made prior to the sale?
These home selling reports will assist you in answering the many questions that arise during the home selling process. When youre armed with the right information, and an experienced real estate professional, youll be closer to reaching your goal - selling your home fast, and for the best price.
Please contact me if you have any questions about selling your Toronto home.
Buying Services for Toronto Home Buyers
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Congratulations! You have decided to purchase a home, or are thinking about buying one. Youll be joining the ranks of hundreds of families who realize that home ownership offers a number of benefits including building equity, saving for the future, and creating an environment for your family. When you own your own home, your hard-earned dollars contribute to your mortgage. The equity you earn is yours. Over time, your home will increase in value.
In the following reports, youll find the information you need to make a wise buying decision. Well take you through the planning process step-by-step , to help you determine which home is right for you. Youll find a host of informative articles on mortgages, viewing homes, the offer, closing details and moving.
Please contact me if you have any questions about buying a home in Toronto or elsewhere in Ontario.
ALL ABOUT BUYING AND SELLING HOMES IN ONTARIO,
GREATER TORONTO AREA, TORONTO
This Toronto Real Estate site welcomes you! Find resale homes and houses in the central Toronto Area. In todays competitive Toronto real estate market timing is everything. Many good homes are sold before they are ever advertised. It can take days before the newest houses and condo for sale appear even on Ontario MLS. Beat other homebuyers to the hottest new homes for sale in Toronto, GTA (Greater Toronto Real Estate) and with New Listings Notification , receive new Toronto MLS listings by E-mail and be the first who know! Our Ontario, Toronto listing database is updated every day! We want our clients to know about all the Toronto area real estate and Toronto houses for sale. See all the Southern Ontario homes for sale, GTA homes for sale and Toronto homes for sale by using our simple GTA, Toronto MLS search. Please try our online Home Search and Evaluation services, search the online MLS Toronto and GTA real estate listings .
Whether you are buying or selling home, Call me. If you have financial problems, bad credit history , if you are self-employed or you have other problems. Let’s see if you can receive cash back and 100% financing. We can really help
If youre a first-time buyer , if you are relocating or unfamiliar with the Greater Toronto real estate market, or youre buying for investment and want negotiating help, or if you need to purchase anonymously , you need a Buyers Agent, specializing in Toronto homes for sale. Find out why I can save you time money and help you to avoid making costly mistakes when looking to buy or sell real estate here in Toronto.
Attention and better service is my motto. In addition I work with a large group of professionals - lawyers, financial advisors and mortgage specialists, home inspectors, who are ready to assist you in arranging mortgage and closing process.
Dear Toronto Real Estate Buyers! You should have your own contracted realtor. Having a buyers agent, who is committed to you and represents your best interests when the negotiations start, this is for your benefit and at no charge to you! Contact me today.
If you own real estate and youre thinking of selling, I would be happy to provide you with a FREE HOME EVALUATION . This is not a drive by or quick walk through of your home. I take extensive notes of the Lot size, Structure square footage, Building design, exterior finishing, Interior finishing, Room sizes, Flooring, Electrical, Plumbing, Furnace, Air conditioning, Windows, Hardware, Cabinets, Baths, Showers, Sinks, Tile and much more. Then I research all comparable properties weighing the differences to find the most comparable. Now the process of searching land titles on all sales of that property and surrounding properties. Exclusive to Realtors is a tool that can search back as far as 1982 on all MLS sales of similar properties in the area. Now with all this information we can estimate property annual / quarterly and even monthly appreciation. Now taking into consideration the time of year it may be we can also research the amount of time similar properties take to sell.
Taking all this information into account I will prepare for you a written Comparable Market Analysis including all the above-mentioned information for you to set your own price. When you’re selling your home, the price you set is a critical factor. The house value estimation is the most important part of market analysis. If your thinking of updating or renovating prior to listing to maximize the sale price of your property I can aid you in giving you a Comparable Market Analysis of homes in the condition yours will be when the update is finished. With a background of 20 plus years in residential construction and renovation my experience will surely be an asset. Call me first before spending thousands of dollars on updates that may not increase the value of your property as hoped. Don’t forget you have to live in a construction zone, in my experience this is the one major factor home owners underestimate.
If you are interested in relocating to areas outside of Ontario, please call or email us so we can introduce you to a top real estate professional in your new place. Re/Max is the larges real estate brokerage Company in the world and we will refer you to a professional who really knows the area your interested in.
The Toronto, GTA real estate market offers a wide variety of neighborhoods, housing styles and lifestyles. My knowledge of GTA and Toronto homes for sale, condos, lofts, townhouses, bungalows, semi detached houses, detached houses and the property market makes finding you a new home that much more simple and stress free.
As a Toronto real estate professional I can help you through every step of buying or selling a home in Toronto, Let me help you find your Home!
Dont forget to come back to www.yonge-eglinton.ca . We update the site often.
You are always welcome!
Proud Members of the:
Toronto Real Estate Board (TREB),
Ontario Real Estate Association (OREA),
Canadian Real Estate Association (CREA)
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TORONTO MARKET WATCH FALL 2006
TORONTO CONDO MARKET UPDATE
Toronto has the largest condominium market in North America. Last year, there were more than 16,000 condominium suites sold here — Chicago saw only 6,800 sales, New York City had 6,450 and Miami, 7,500. There are now 245 new condo projects in Toronto with suites ranging in price from $112,000 to $12 million.
Strength of the Toronto market is backed by many factors including affordability, our healthy Canadian economy, low interest rates and high demand.
With an annual population growth of 108,000 (representing 44,000 households) in the GTA, the need for new homes and condominiums will persist. Intense competition means that prices cannot be raised artificially, so the people buying condos are mostly end users, not investors. In the 1980s, there weren’t nearly the number of condo projects available, interest was a lot higher, and investors were inflating prices.
Toronto ’s exceptional condo market is not a bubble that will burst at the first sign of change. The first quarter of 2006 resulted in nearly 3,800 condo units sold here, which is 34 per cent more than the same period last year.
This strong start occurred despite the eight per cent increase in prices over last year.
So what are you waiting for? You have more condo selection than ever before, in great locations with affordable prices, a higher level of finishes including standards that would have been considered upgrades a couple years ago, and excellent value. Now is a great time to buy.
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IS THERE REAL ESTATE BUBBLE IN CANADA?
In Canada — where real estate is enjoying a record long bull market - there is no bubble to burst. And forecasts keep predicting a rosy housing future, even though affordability is being eroded by higher prices, which are averaging $367,226 in Toronto. Canada’s multi-year boom in multi-unit construction shows no sign of letting up.
What is slowing, though, is construction of single-detached homes, which are becoming too expensive for first-time buyers.
Overall, that means what’s ahead is hardly a housing collapse. Rising home and land costs are making more affordable housing options, such as condominiums and town homes increasingly attractive, particularly for first-time buyers.
Who’s buying? According to statistics Canadians are snapping up condos in the 20-to-29-age bracket, and those 55 and older. Bottom line is: Both empty nesters and young professionals like the idea of living closer to downtown cores, which cuts down on commuting time. Investors are also turning to condos as ways to diversify their portfolios.
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STATISTICS FOR REAL ESTATE INVESTORS
Heres some good news for investors.
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ONTARIO 2007 INVESTOR REPORT
ONTARIO
OTTAWA
Historically low interest rates and a vibrant housing market grabbed investor attention early in the new millennium in Ottawa. Disillusioned and bitter about losses suffered in the stock market, investors turned to the security of bricks and mortar. Demand for multi-unit residential began to climb, driven in large part by smaller investors, aged 35 to 55 years, with secure jobs and retirement in mind. Today, demand for duplexes, triplexes, and condominium units exist across the board.
Location and price are the primary factors driving the purchase. A modest duplex or triplex, built in the 1930s and 1940s, typically starts at $250,000 while a condominium apartment or townhouse can be priced as low as $140,000. Limited inventory levels have created heated demand for duplexes and triplexes. Those located in good areas that are priced attractively may even experience multiple offers. With vacancy rates at higher than normal levels, most investors tend to favour duplexes and triplexes because they are traditionally easier to rent. Low maintenance condominiums also appeal to investors, while single-detached homes are not as popular. Most investors are prepared to hold onto their properties for the long-term – ten years and more in some instances. The desire to maximize profits and reduce costs has the vast majority of small investors in Ottawa opting to manage their own properties. The recent lull in the market has created some unique opportunities for investors
in the area. After several years of tight supply levels and fierce competition, pressure in the marketplace has actually eased, making the timing ideal for investors.
TORONTO
As the lynchpin of Ontario’s strong economic engine, Toronto has experienced solid growth in recent years. The city’s residential real estate market has posted record-breaking activity year-after-year, attracting the attention of domestic and offshore investors alike. Many have been active in the market for investment properties over the past four to five years.
However, with average price in the GTA hovering at $335,000, and Toronto now the third most expensive city in the country, smaller investors are looking at duplexes, tri-plexes and homes with basement apartments in less expensive peripheral areas. The objective is to find good quality property in a rentable location, with adequate parking, that is mechanically sound and adheres to code. Today’s younger investors tend to use the equity in their existing home to purchase properties, often with only five per cent down. If the intention is to purchase and generate cash flow from tenancy, rather than renovate and sell, a long-term hold is the norm. Small investors with one or two properties will more likely self manage, while investors with more than two properties will hire property managers.
BARRIE
With Barrie’s economy running on all cylinders, investors are eager participants in the city’s real estate market. Investment activity has accelerated in the last two to three years in tandem with Toronto’s building boom and overall growth. Availability of good product is a problem considering the strong competition that exists between local and Toronto investors. An added constraint to supply is the fact that City Council takes a stringent approach to legalizing inlaw apartments. Consequently, when an
income property such as a tri or six-plex is listed for sale, it sells quickly. A favored
location is the area surrounding Georgian Bay
RE/MAX • INVESTMENT REPORT • 2006/2007 •
College, as well as properties close to the city centre. Parents purchasing townhomes and condominiums for children attending the college are common investors, as are professionals in their mid-thirties to late forties. Properties that command the most attention are those in the $300,000 –$450,000 range. Investors in the area tend to hold their properties for long periods of time; ten years or more. In fact, many of the properties purchased in the late 1980s are still held by the original purchasers. Given the supply and demand dynamics in the Barrie property investment market, the prevailing wisdom is ‘if you can find a property that breaks even or better, seize the opportunity’ and hold onto it for long-term gains.
The information and opinions contained in this web site are obtained from various sources and believed to be reliable, but their accuracy cannot be guaranteed. The publisher assumes no responsibility for errors and omissions, or for damages resulting from using the published information and opinions. This web site is provided with the understanding that it does not render legal, accounting, or other professional advice. Whole or partial reproduction is forbidden without the written permission of the publisher.
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| Here you will find many valuable tools to aid you in the process of buying or selling real estate.
Please feel free to contact me via telephone or e-mail at any time and I will be pleased to help you with your real estate needs.
I look forward to speaking with you.
Frank Jones
Sales Representative
ReMax Hallmark Realty Ltd.Brokerage
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