Om034335 volume 9 issue 6_treb-a


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Om034335 volume 9 issue 6_treb-a

  1. 1. Sun Shines on Toronto MarketInformation courtesy of the Toronto Real Estate Board.Sales & Average Price By Major Home TypeAPR. 2013 Sales Average Price416 905 Total 416 905 TotalDetached 1,264 3,675 4,939 $852,090 $588,784 $656,170Yr./Yr. % Change -11.8% 2.5% -1.6% 2.5% 2.2% 1.1%Semi-Detached 415 681 1,096 $595,398 $410,739 $480,660Yr./Yr. % Change -5.5% 1.3% -1.4% 2.4% 4.3% 2.7%Townhouse 398 1,123 1,521 $433,710 $375,269 $390,562Yr./Yr. % Change -3.6% -1.2% -1.9% 2.3% 3.5% 3.1%Condo Apartment 1,479 582 2,061 $379,266 $273,832 $349,493Yr./Yr. % Change -1.3% -7.3% -3.1% 5.6% -5.9% 3.1%While April 2013 sales numbersdipped two percent in comparison toApril 2012 sales, the average sellingprice rose by two percent during thesame period.“Despite the headwinds we haveexperienced in the housing marketthis year, April sales came in quitestrong in comparison to last year. Aswe move through the spring and intothe second half of 2013, the demandfor homeownership should continueto firm-up relative to last year,” saidToronto Real Estate Board (TREB)President Ann Hannah.“It has been almost a year sincethe federal government enactedstricter mortgage lending guidelines.It is realistic to surmise that somehouseholds, who originally put theirdecision to purchase on hold, areonce again looking to buy,” continuedMs. Hannah.Jason Mercer, TREB Senior Managerof Market Analysis, added, “Thecondominium apartment segment inthe City of Toronto was a key driverof price growth in April, with boththe average selling price and the MLS®HPI apartment index up on a year-over-year basis. The improved condosales picture, with Toronto sales downby only one percent compared to lastyear, suggests that interest in condoownership may be improving."Interested in a more in-depth look atthe Toronto real estate market? Pleasecall today!Despite the rainy weather, April results were bright in the Toronto realestate market with 9,811 sales, an increase in both new and activelistings, and an average selling price of $526,335.TREBRecine Team ReportCompliments of Melanie & Fabio RE/MAX Premier Inc., BrokerageEach office is independently owned and operated.Melanie Maranda Recine &Fabio RecineSales Representatives"Its your callCall Melanie and Fabio"RE/MAX Premier Inc., Brokerage9100 Jane Street, Bldg. L, Suite #77Vaughan, ON L4K 0A4Office: 416-987-8000Fax: 416-987-8001Direct Melanie: 647-836-4062Direct Fabio: 416-828-5441mmaranda96@hotmail.comfrecine@trebnet.comwww.RecineTeam.caGreetings! You’re receiving thisnewsletter with hopes that you find itinformative and entertaining.If you’re thinking of making a move, orare just curious as to real estate trendsin your area, please feel free to call atany time. It’s always good to hearfrom you!Best wishes,Melanie and FabioVolume 9, Issue 6
  2. 2. 2Stick To ItWall decals aren’t what they used to be: made of resilientmaterials like vinyl, today’s decals are just as easy toremove as they are to apply, so you can effortlessly changethem when you get bored and take them with you whenyou move. Available in a range of sizes and prices, and ahuge variety of colors, designs, and themes, from animalsand cartoons to words and abstract designs, decals are justas suitable for your stylish, sophisticated living room asthey are for children’s rooms.Material IssueWith its variety of colors, patterns, and textures, fabric isa versatile tool for dressing up walls, especially damagedones. It’s like commitment-free wallpaper: use liquid starchto apply fabric to your walls just as you would wallpaper;to remove it, just dampen and peel. Or hang fabric panelson your wall as you would over your windows, whether inpleats, shirred, or flat across the wall; this technique is bestused for one accent wall and makes it easy to change thelook when you tire of it.Shelve ItAvailable in a huge selection of colors, materials, shapes,and sizes, floating shelves lend movement and dimensionto walls. What’s more, they’re functional, providing addedstorage and display space, which no one ever seems tohave enough of. Plus, you can always easily change what’son your shelves to create a fresh look. But when you getreally creative in your choice and placement of shelves(by grouping together cube shelves of varying sizes orcolor, for example) it’s the shelving itself that becomes thedecorative element.High ProfileMolding isn’t just for the space where floors and ceilingsmeet walls; like shelving, it’s a great way to add dimensionto walls themselves, and is versatile given its variety ofsizes and profiles. Use it to create raised panels for a formallook evocative of Colonial homes; to create a latticeworkpattern of flat trim; to frame artwork, collections, mirrors,or architectural features like windows or built-in shelves;combine it with beadboard for a Cape Cod look; or even tomake floor-to-ceiling or wall-width stripes.On a RollWallpaper has competition from a new trend: tape. Youcan get just as creative with wall tape, given the varietyof colors, widths, and patterns available. It’s cheaper andeasier to remove too. Your best bet is probably Japanesemasking (or “washi”) tape, which is made of rice paper, butyou can also use regular masking tape, electrical tape, andgaffer’s tape. Make stripes, a diamond pattern, or wall art(abstract or otherwise) on your walls. Craft and art-supplystores carry decorative tape, but you’ll find the greatestselection online.Your home’s walls are its biggest canvas. While paint and wallpaper are the most common ways to decoratethem, they’re not the most creative options. Below are five ways to liven up your walls that go beyond merelypainting or wallpapering them.Off the Wall Ideas
  3. 3. Still Searching?Time ManagementVolume 9, Issue 6 3Time wasters are a common complaint amongsthomeowners who sell their own properties. Here’swhy real estate sales representatives are a seller’sbest line of defense against tire kickers andunqualified buyers. A FSBO (For Sale By Owner) seller has to field everyphone call personally and even deal with would-bebuyers showing up at their door unannounced. Whenyou have representation, you have a buffer betweenyou and prospective buyers, someone to filter all thoseinitial inquiries that lead nowhere and bring you onlythose that have potential to become a sale. Your real estate representative pre-screens buyers toensure that in addition to being interested in yourhome, they can actually afford to buy it. By finding outwhether buyers have their own homes to sell and haveobtained pre-approval for mortgage financing, your repweeds out unqualified buyers, allowing you to focus onthose buyers who are able, not merely willing. By marketing your home through the Multiple ListingService®(MLS®), your rep exposes it to a network ofother real estate professionals who are looking forproperties to present to their clients – clients they’veensured are serious, qualified buyers. This is onemore way in which having a representative meanssellers are exposed to fewer time wasters and morepromising prospects. FSBO sellers have to host their own open houses andshowings – which tend to bring out nosy neighborsand lookie-loos. As a seller with representation, youdon’t have to deal with time wasters at open houses orhandle buyers’ questions at showings – that’s your rep’sjob. You don’t even have to be there. In fact, it’s betterif you’re not. An inability to see past cosmetic flaws. Gaudywallpaper, stained carpets, outdated fixtures, andsloppy paintjobs are off-putting, but if you can’tlook past such superficial, easily remedied problems,you may well end up passing over properties thatmeet your needs as far as the important things suchas “bone structure,” size, layout, location, and priceare concerned. Unrealistic expectations. Are you waiting for “theperfect home” to come along? Are you wasting timelooking at homes that are beyond reach of yourbudget? If so, it’s time to reevaluate your list ofneeds, wants, and deal breakers, and, if you haven’talready, talk to a mortgage consultant about whatyou can afford and get pre-qualified for financing. Indecisiveness. There are a few reasons you may besuffering from analysis paralysis: fear of experiencingbuyer’s remorse, always thinking there’s a better homejust around the corner, or holding out for a betterdeal. Of course you don’t want to rush into buyinga home before you’re ready, but there comes a pointwhen you have to pull the trigger. You’re trying to do it all yourself. You can spendendless hours combing through classifieds andclicking your way across the Web, but a professionalreal estate representative is the best way to narrowyour search and find the right home for you morequickly, by presenting you with only those properties(even ones not actively being advertised) that meetyour criteria.Are you looking to move but your search for a newhome is taking longer than you’d like? Below area few factors that might be holding you back fromfinding and purchasing your next home
  4. 4. With summers seeing more record-breaking temperatures,what better time than now to discuss how smart landscapingcan help keep your home cool and your energy costs lowwhen the mercury rises. The strategic planting of trees can provide shade, help directbreezes inside, and improve air circulation outside, loweringtemperatures around and in your house. You’ll need toconsider height, root spread, growth rate, and canopydensity when choosing what and where to plant. Deciduoustrees help cool things down in the summer while allowingsunlight through during the winter. While waiting for those trees to mature, you can plant tallshrubs along the sides of your house to prevent heat gainand keep walls cool. Low-lying shrubs can help cool theground around your house. Just be sure to leave some spacebetween your plantings and walls – at least two or threefeet, for example – to allow for better air circulation. Fast growing, flowering, food producing, and fragrantvines are a quick way to shade windows, patios, and walls.They can be grown directly on your walls, on pergolas, oron trellises, even as a kind of awning over windows. Vinetrellises are particularly convenient in areas where there’snot enough room for trees or shrubs. Whether you use trees, shrubs, vined trellises, or a pergola,shade your air conditioner. When it’s roasting in the sun, ithas to work harder to cool your house. Shade it and it cando its job more efficiently, saving you money each month.Just be sure your plantings or structures aren’t so close as torestrict airflow or obstruct filters or air intakes.Made in the ShadeTerminology TipAssumable Mortgage — An assumablemortgage is one that can be assumed (takenover) by the buyer of a property when thatproperty is sold. Usually, the borrower mustapply and qualify for the mortgage in orderto assume the loan. If the lender approvesthe borrower, the buyer then takes over theseller’s loan obligation and is responsible formaking mortgage payments on the property atthe seller’s existing mortgage rate and terms.4The information and opinions contained in this newsletter are obtained from sources believed to be reliable, but their accuracy cannot be guaranteed. The publishers assume no responsibility for errors and omissions or for any damages resulting from the use of the publishedinformation. This newsletter is provided with the understanding that it does not render legal, accounting, or other professional advice. Not intended to solicit properties or businesses listed for sale and agency agreements in place with other real estate brokers. Whole orpartial reproduction of this newsletter is forbidden without the written permission of the publisher. © Market Connections Inc.® 2013, Phone: (800) 387-6058.www.RecineTeam.caMelanie Direct647-836-4062Fabio Direct416-828-5441Fabio and Melanie RecineSales RepresentativesCompliments of Fabio Melanie Recine RE/MAX Premier Inc., Brokerage