Despite some rain, the Toronto real estate market saw positive results in April with an increase in both sales and average selling price compared to the previous year. While sales dipped slightly, the average home price rose 2% to $526,335. The condominium apartment segment was a key driver of price growth. Real estate agents anticipate continued strengthening of demand for homeownership over the rest of the year as buyers who delayed purchases are now returning to the market. Strategies like pre-screening buyers help agents bring only qualified prospects to sellers.
Recine Team Report
Provider of instant No obligation e-mail updates as soon as homes are listed. Get acess to homes as soon as they aprear on MLS. sign up today. click website to register today
great basic info for commercial real estateFabio Recine
This document provides an introduction to determining value in commercial real estate. It discusses that commercial value is based on the net operating income (NOI) of the property, which is income minus expenses. It also notes that commercial property value depends on both the physical building and the income stream from its business use. The document defines key terms like capitalization rate and cash on cash return. It emphasizes the importance of understanding the context and risks surrounding a property's income stream to fully assess its value.
The document summarizes real estate market conditions in the Greater Toronto area in May 2011. It reports that home sales increased 6% compared to May 2010, making it the second best May on record. The average home price rose 9% to $485,520. A shortage of new listings contributed to a tightening of the market and stronger price growth. The robust price increases may eventually prompt more home owners to list their properties, balancing out the market later in the year. The newsletter provides this information along with advertisements for local real estate agents Melanie and Fabio Recine.
This document provides an overview of principles of commercial real estate finance. It discusses key concepts like the primary goals and risks of real estate investments. These risks include changing operating costs, lease terminations, and shifts in market conditions for both acquiring existing properties and developing new properties. The document also outlines different types of real estate like residential, commercial, industrial and retail properties. Additionally, it defines important real estate metrics like gross and net square footage, floor area ratio, and physical versus economic occupancy. Finally, there is a section discussing risks and challenges to consider for international real estate investing.
What You Really Need to Know about Commercial Real Estate UnderwritingColleen Beck-Domanico
Prudent real estate underwriting uses quantitative analysis. However, real estate math isn't just a black‐and‐white exercise, nor is it simple formula lending. Many qualitative judgments feed into your estimates of property cash flow, coverage, and value that come from quantitative analysis. Your analysis should be completed in the context of the qualitative credit risk assessment. Doing so will avoid over‐advancing on potentially weak property cash flow streams that will jeopardize repayment prospects and bank portfolio quality. This presentation looks at quantitative analysis and integrating qualitative factors; underwriting guidelines; regulatory guidance; and value and cash flow analyses.
As the markets for real estate usually remain stable in many areas of in the world, opportunities continue to exist for the development of real estate projects. This lecture is designed to analyze the real estate development process primarily from the perspective of the developer. The lecture concentrates on the development of a real estate project from its conceptual ideas until the operational start-up, and from the initiation of the concept designs until the project is defined.
The lecture examines most of the phases of the development process, from idea inception through studying the various available options for the use of the lands and estimating the projects' costs and income to determine the best and optimum commercial use of the lands. This includes an overview about the development of the project's financial feasibility of real estate development, which involves the identification and evaluation of critical assumptions related to the creation, construction, and operation of economically viable commercial real estate projects.
The lecture is introductory in scope and assumes attendants have little or no experience with the development process.
An understanding of the real estate development process benefits not only potential developers, but investors, lenders, builders, public sector participants, and end-users of the products as well.
Prices for all home types continued to rise in March 2013 compared to the previous year according to the Toronto Real Estate Board. While sales volumes decreased year-over-year for all home types, average prices increased between 1.7-5.4% depending on the type. Detached homes saw the largest price increase of 4% to $658,118. The president of TREB noted that demand remains strong despite tighter lending rules, but a shortage of listings has led to bidding wars in some neighborhoods. All home types experienced both rising prices and different sales patterns in 2013.
Sales, new listings, and average home prices in the Greater Toronto Area increased substantially in May 2012 compared to the previous year. Sales grew 11% overall with the strongest growth in regions surrounding Toronto. New listings also rose more than 20%. The average home price increased 6.5% to $516,787. While price growth for low-rise homes was strong, the real estate board representative noted that if new listings continue to increase, annual price growth will likely moderate.
Recine Team Report
Provider of instant No obligation e-mail updates as soon as homes are listed. Get acess to homes as soon as they aprear on MLS. sign up today. click website to register today
great basic info for commercial real estateFabio Recine
This document provides an introduction to determining value in commercial real estate. It discusses that commercial value is based on the net operating income (NOI) of the property, which is income minus expenses. It also notes that commercial property value depends on both the physical building and the income stream from its business use. The document defines key terms like capitalization rate and cash on cash return. It emphasizes the importance of understanding the context and risks surrounding a property's income stream to fully assess its value.
The document summarizes real estate market conditions in the Greater Toronto area in May 2011. It reports that home sales increased 6% compared to May 2010, making it the second best May on record. The average home price rose 9% to $485,520. A shortage of new listings contributed to a tightening of the market and stronger price growth. The robust price increases may eventually prompt more home owners to list their properties, balancing out the market later in the year. The newsletter provides this information along with advertisements for local real estate agents Melanie and Fabio Recine.
This document provides an overview of principles of commercial real estate finance. It discusses key concepts like the primary goals and risks of real estate investments. These risks include changing operating costs, lease terminations, and shifts in market conditions for both acquiring existing properties and developing new properties. The document also outlines different types of real estate like residential, commercial, industrial and retail properties. Additionally, it defines important real estate metrics like gross and net square footage, floor area ratio, and physical versus economic occupancy. Finally, there is a section discussing risks and challenges to consider for international real estate investing.
What You Really Need to Know about Commercial Real Estate UnderwritingColleen Beck-Domanico
Prudent real estate underwriting uses quantitative analysis. However, real estate math isn't just a black‐and‐white exercise, nor is it simple formula lending. Many qualitative judgments feed into your estimates of property cash flow, coverage, and value that come from quantitative analysis. Your analysis should be completed in the context of the qualitative credit risk assessment. Doing so will avoid over‐advancing on potentially weak property cash flow streams that will jeopardize repayment prospects and bank portfolio quality. This presentation looks at quantitative analysis and integrating qualitative factors; underwriting guidelines; regulatory guidance; and value and cash flow analyses.
As the markets for real estate usually remain stable in many areas of in the world, opportunities continue to exist for the development of real estate projects. This lecture is designed to analyze the real estate development process primarily from the perspective of the developer. The lecture concentrates on the development of a real estate project from its conceptual ideas until the operational start-up, and from the initiation of the concept designs until the project is defined.
The lecture examines most of the phases of the development process, from idea inception through studying the various available options for the use of the lands and estimating the projects' costs and income to determine the best and optimum commercial use of the lands. This includes an overview about the development of the project's financial feasibility of real estate development, which involves the identification and evaluation of critical assumptions related to the creation, construction, and operation of economically viable commercial real estate projects.
The lecture is introductory in scope and assumes attendants have little or no experience with the development process.
An understanding of the real estate development process benefits not only potential developers, but investors, lenders, builders, public sector participants, and end-users of the products as well.
Prices for all home types continued to rise in March 2013 compared to the previous year according to the Toronto Real Estate Board. While sales volumes decreased year-over-year for all home types, average prices increased between 1.7-5.4% depending on the type. Detached homes saw the largest price increase of 4% to $658,118. The president of TREB noted that demand remains strong despite tighter lending rules, but a shortage of listings has led to bidding wars in some neighborhoods. All home types experienced both rising prices and different sales patterns in 2013.
Sales, new listings, and average home prices in the Greater Toronto Area increased substantially in May 2012 compared to the previous year. Sales grew 11% overall with the strongest growth in regions surrounding Toronto. New listings also rose more than 20%. The average home price increased 6.5% to $516,787. While price growth for low-rise homes was strong, the real estate board representative noted that if new listings continue to increase, annual price growth will likely moderate.
- Home sales in the Greater Toronto Area dropped 5.4% in June 2012 compared to June 2011, with condo sales falling 18%. However, average home prices rose 7.3% to $508,622.
- While sales dipped, the housing market remains affordable according to new mortgage guidelines, with average housing costs accounting for about 35% of average household income in the GTA.
- The sales slowdown represents a needed breather for the Toronto real estate market after long period of rising home prices and sales activity.
The document discusses home sales data from the Toronto Real Estate Board (TREB) in February 2012. Some key points:
- The average home selling price in the Greater Toronto Area reached a new high of $502,508, an 11% increase from February 2011.
- Home sales increased 16% from the previous February while new listings rose 11%.
- With inventory levels relatively low, competition between buyers pushed prices up substantially. Price growth is expected to remain strong.
- TREB President Richard Silver commented that both buyers and sellers are aware of current tight market conditions, as homes sold for 99% of the average asking price.
- Total home sales in the Greater Toronto Area (GTA) declined slightly in July 2012 compared to July 2011, with a 1.5% decrease. This was attributed to a decline in condominium sales in Toronto.
- The average home selling price in the GTA rose 4% year-over-year to $476,947 in July 2012. However, the MLS Home Price Index, which allows for an apples-to-apples price comparison, increased by a higher 7.1% over the same period.
- A TREB analyst said that with more housing supply in recent months, buyers had more options, reducing upward pressure on home prices in July compared to previous years.
- While home sales in Toronto were down in August, average home prices rose 6.5% year-over-year to $479,095, driven by a 15% increase in prices of low-rise homes like detached houses in the city.
- Market conditions remained tight with high demand and few listings, suggesting price growth will continue.
- Stricter mortgage rules, higher prices, and the Toronto land transfer tax were factors in the sales decrease.
- Home sales and average prices increased year-over-year in January 2012 across the Greater Toronto Area (GTA) for all major home types (detached, semi-detached, townhouse, condo). Detached homes saw the largest gains.
- Low mortgage rates and affordable housing have kept buyer demand strong, though limited inventory has also pushed prices up sharply over the past year. A better-supplied market is expected to moderate price growth in the second half of 2012.
- The average selling price in the GTA in January 2012 was $463,534, an increase of almost 9% from January 2011. Strong competition between buyers has supported robust price appreciation.
How are the homes for sale in Woodbridge, Maple and Toronto doing?Fabio Recine
- The Toronto real estate market is improving with a 21% increase in home sales and 9.5% rise in average prices in June 2011 compared to June 2010. This indicates the market is recovering.
- The strong sales in June capped off an interesting first half of 2011 for the Toronto market. While sales were initially sluggish, they rebounded in May and June.
- With continued affordable prices and interest rates, buyers remain confident in purchasing homes. However, tighter inventory has increased competition between buyers and accelerated annual price growth in the second quarter.
The document provides information to help homeowners prepare to sell their home, including tips on home staging and exterior and interior improvements. It notes that the current real estate market favors sellers in most areas with high demand and low inventory. It recommends hiring a professional real estate agent like those on the Benat Team to advise on the selling process and negotiate on the homeowner's behalf, as well as complete necessary repairs and improvements to boost the home's appeal and salability.
Home prices rose in 2012 despite a slight drop in home sales. While sales were strong in the first half of the year, they declined in the second half due to stricter mortgage guidelines and additional taxes. Price growth was strongest for detached and semi-detached homes, which remained in high demand. Overall, the Toronto real estate market remained healthy in 2012 despite some challenges.
The document provides tips for how to sell a flipped home fast. It discusses 5 key steps: choosing the right property, pricing it correctly based on market comps, ensuring quality workmanship during renovations, staging the home with furniture and decor, and creating a good first impression with curb appeal improvements. The goal is to receive multiple offers above the asking price to earn a profit and recoup costs quickly.
Welcome to the Elite Edition! This complimentary newsletter is published every month by The Debra West Team. Our goal is to provide information to our past, present, and future clients about what is going on in the local real estate market and provide fun and useful information for homeowners. Check out the latest issue here!
Do you want to sell your house quickly but are unsure of how? In this PDF, I will cover a great strategy to sell your house quickly and also for a good price.
This document provides suggestions to homeowners to prepare their house for a termite inspection prior to selling. It recommends checking for conditions that could attract termites such as wood touching the ground, debris against the house, poor drainage around the house, and moisture sources. Correcting issues like these by removing wood contact with soil, clearing debris, improving drainage, and fixing leaks can help ensure a clean termite inspection report.
The document provides information about the home selling process from RE/MAX real estate agents Gina and Tom Howarth. It discusses preparing the home for sale, showing procedures, pricing strategies, and the steps after an offer is accepted. The goal is to guide homeowners through selling their most important asset and ensure their complete satisfaction.
2014 Realtron Exclusive Presentation
• Over 6,250 offices.
• Over 116,500 sales representatives.
• Located in 64 countries around the world and the #1 real estate organization in Canada, The United States, South Africa, and Portugal. (Based on numbers of home sold).
Leading Market Share
in virtually every major city in Canada. On average, RE/MAX accounts for more than 30% of home sales in 63 key markets across the country.
Sales Associates Performance RE/MAX sales associates are on the average, two or three times as productive as their counterparts.
Highest Customer Satisfaction 30,000+ RE/MAX customers have responded to our quality assurance surveys: 94% report overall satisfaction with our service 96% will recommend their RE/MAX sales associate to family and friends.
The Ultimate Guide To Selling Your Western MA Home in 2014Lesley Lambert
These days, there are tons of real estate guides, data, and tools available online. With all the information out there, it’s tempting to think you can sell your Western MA home all on your own. Nevertheless, 88 percent of sellers last year decided to work with an agent. Here are a few reasons why.
Shared by Lesley Lambert, Western MA REALTOR with Park Square Realty
www.westernmahomes.net
Lacey Wilson is a licensed realtor with 10 years of experience in human resources and a passion for real estate and architecture. She provides professional and dedicated service to help clients through the entire real estate process. Her marketing strategy includes competitive pricing, professional photos and listings, social media and newspaper advertising, and ongoing communication with clients. She aims to educate clients on each step and ensure their needs are met.
Putting your home on the market requires several important steps before listing:
1. Hire a real estate agent to represent you and provide expertise.
2. Get your home professionally inspected to identify and repairs and ensure it meets standards.
3. Make any necessary repairs beforehand to avoid putting off buyers and facilitate a smoother transaction.
The document provides advice for homeowners on selling their home in the current real estate market. It discusses meeting with a real estate agent to sign a listing agreement, setting an asking price based on comparable home sales, preparing necessary documents, making repairs and cleaning the home, and allowing the agent to schedule showings for potential buyers. The overall goal is to make the home appealing visually and paperwork-wise in order to sell it quickly at a good price.
The document provides information to help homeowners prepare to sell or lease their home, including tips on home repairs and improvements that can increase value. It discusses key factors in determining a listing price, such as current market conditions, recently sold comparable properties, and preparing the home to appeal to buyers. An analysis of the local real estate market trends in sales prices, days on market, and optimal selling seasons is also presented.
- The Toronto real estate market started 2013 with a slight decline in home sales compared to the previous year, but the rate of decline was much lower than in the second half of 2012, suggesting buyers are becoming active again.
- Detached homes in 416 saw a 2.7% increase in average price from the previous January, while 905 detached homes saw a 6.8% increase. Overall average home prices rose 4.3% year-over-year.
- The TREB president expects continued annual price growth in the 3-5% range for 2013, with enough buyer competition to support price increases.
Provider of instant No obligation e-mail updates as soon as homes are listed. Get acess to homes as soon as they aprear on MLS. sign up today. click website to register to
- Home sales in the Greater Toronto Area dropped 5.4% in June 2012 compared to June 2011, with condo sales falling 18%. However, average home prices rose 7.3% to $508,622.
- While sales dipped, the housing market remains affordable according to new mortgage guidelines, with average housing costs accounting for about 35% of average household income in the GTA.
- The sales slowdown represents a needed breather for the Toronto real estate market after long period of rising home prices and sales activity.
The document discusses home sales data from the Toronto Real Estate Board (TREB) in February 2012. Some key points:
- The average home selling price in the Greater Toronto Area reached a new high of $502,508, an 11% increase from February 2011.
- Home sales increased 16% from the previous February while new listings rose 11%.
- With inventory levels relatively low, competition between buyers pushed prices up substantially. Price growth is expected to remain strong.
- TREB President Richard Silver commented that both buyers and sellers are aware of current tight market conditions, as homes sold for 99% of the average asking price.
- Total home sales in the Greater Toronto Area (GTA) declined slightly in July 2012 compared to July 2011, with a 1.5% decrease. This was attributed to a decline in condominium sales in Toronto.
- The average home selling price in the GTA rose 4% year-over-year to $476,947 in July 2012. However, the MLS Home Price Index, which allows for an apples-to-apples price comparison, increased by a higher 7.1% over the same period.
- A TREB analyst said that with more housing supply in recent months, buyers had more options, reducing upward pressure on home prices in July compared to previous years.
- While home sales in Toronto were down in August, average home prices rose 6.5% year-over-year to $479,095, driven by a 15% increase in prices of low-rise homes like detached houses in the city.
- Market conditions remained tight with high demand and few listings, suggesting price growth will continue.
- Stricter mortgage rules, higher prices, and the Toronto land transfer tax were factors in the sales decrease.
- Home sales and average prices increased year-over-year in January 2012 across the Greater Toronto Area (GTA) for all major home types (detached, semi-detached, townhouse, condo). Detached homes saw the largest gains.
- Low mortgage rates and affordable housing have kept buyer demand strong, though limited inventory has also pushed prices up sharply over the past year. A better-supplied market is expected to moderate price growth in the second half of 2012.
- The average selling price in the GTA in January 2012 was $463,534, an increase of almost 9% from January 2011. Strong competition between buyers has supported robust price appreciation.
How are the homes for sale in Woodbridge, Maple and Toronto doing?Fabio Recine
- The Toronto real estate market is improving with a 21% increase in home sales and 9.5% rise in average prices in June 2011 compared to June 2010. This indicates the market is recovering.
- The strong sales in June capped off an interesting first half of 2011 for the Toronto market. While sales were initially sluggish, they rebounded in May and June.
- With continued affordable prices and interest rates, buyers remain confident in purchasing homes. However, tighter inventory has increased competition between buyers and accelerated annual price growth in the second quarter.
The document provides information to help homeowners prepare to sell their home, including tips on home staging and exterior and interior improvements. It notes that the current real estate market favors sellers in most areas with high demand and low inventory. It recommends hiring a professional real estate agent like those on the Benat Team to advise on the selling process and negotiate on the homeowner's behalf, as well as complete necessary repairs and improvements to boost the home's appeal and salability.
Home prices rose in 2012 despite a slight drop in home sales. While sales were strong in the first half of the year, they declined in the second half due to stricter mortgage guidelines and additional taxes. Price growth was strongest for detached and semi-detached homes, which remained in high demand. Overall, the Toronto real estate market remained healthy in 2012 despite some challenges.
The document provides tips for how to sell a flipped home fast. It discusses 5 key steps: choosing the right property, pricing it correctly based on market comps, ensuring quality workmanship during renovations, staging the home with furniture and decor, and creating a good first impression with curb appeal improvements. The goal is to receive multiple offers above the asking price to earn a profit and recoup costs quickly.
Welcome to the Elite Edition! This complimentary newsletter is published every month by The Debra West Team. Our goal is to provide information to our past, present, and future clients about what is going on in the local real estate market and provide fun and useful information for homeowners. Check out the latest issue here!
Do you want to sell your house quickly but are unsure of how? In this PDF, I will cover a great strategy to sell your house quickly and also for a good price.
This document provides suggestions to homeowners to prepare their house for a termite inspection prior to selling. It recommends checking for conditions that could attract termites such as wood touching the ground, debris against the house, poor drainage around the house, and moisture sources. Correcting issues like these by removing wood contact with soil, clearing debris, improving drainage, and fixing leaks can help ensure a clean termite inspection report.
The document provides information about the home selling process from RE/MAX real estate agents Gina and Tom Howarth. It discusses preparing the home for sale, showing procedures, pricing strategies, and the steps after an offer is accepted. The goal is to guide homeowners through selling their most important asset and ensure their complete satisfaction.
2014 Realtron Exclusive Presentation
• Over 6,250 offices.
• Over 116,500 sales representatives.
• Located in 64 countries around the world and the #1 real estate organization in Canada, The United States, South Africa, and Portugal. (Based on numbers of home sold).
Leading Market Share
in virtually every major city in Canada. On average, RE/MAX accounts for more than 30% of home sales in 63 key markets across the country.
Sales Associates Performance RE/MAX sales associates are on the average, two or three times as productive as their counterparts.
Highest Customer Satisfaction 30,000+ RE/MAX customers have responded to our quality assurance surveys: 94% report overall satisfaction with our service 96% will recommend their RE/MAX sales associate to family and friends.
The Ultimate Guide To Selling Your Western MA Home in 2014Lesley Lambert
These days, there are tons of real estate guides, data, and tools available online. With all the information out there, it’s tempting to think you can sell your Western MA home all on your own. Nevertheless, 88 percent of sellers last year decided to work with an agent. Here are a few reasons why.
Shared by Lesley Lambert, Western MA REALTOR with Park Square Realty
www.westernmahomes.net
Lacey Wilson is a licensed realtor with 10 years of experience in human resources and a passion for real estate and architecture. She provides professional and dedicated service to help clients through the entire real estate process. Her marketing strategy includes competitive pricing, professional photos and listings, social media and newspaper advertising, and ongoing communication with clients. She aims to educate clients on each step and ensure their needs are met.
Putting your home on the market requires several important steps before listing:
1. Hire a real estate agent to represent you and provide expertise.
2. Get your home professionally inspected to identify and repairs and ensure it meets standards.
3. Make any necessary repairs beforehand to avoid putting off buyers and facilitate a smoother transaction.
The document provides advice for homeowners on selling their home in the current real estate market. It discusses meeting with a real estate agent to sign a listing agreement, setting an asking price based on comparable home sales, preparing necessary documents, making repairs and cleaning the home, and allowing the agent to schedule showings for potential buyers. The overall goal is to make the home appealing visually and paperwork-wise in order to sell it quickly at a good price.
The document provides information to help homeowners prepare to sell or lease their home, including tips on home repairs and improvements that can increase value. It discusses key factors in determining a listing price, such as current market conditions, recently sold comparable properties, and preparing the home to appeal to buyers. An analysis of the local real estate market trends in sales prices, days on market, and optimal selling seasons is also presented.
- The Toronto real estate market started 2013 with a slight decline in home sales compared to the previous year, but the rate of decline was much lower than in the second half of 2012, suggesting buyers are becoming active again.
- Detached homes in 416 saw a 2.7% increase in average price from the previous January, while 905 detached homes saw a 6.8% increase. Overall average home prices rose 4.3% year-over-year.
- The TREB president expects continued annual price growth in the 3-5% range for 2013, with enough buyer competition to support price increases.
Provider of instant No obligation e-mail updates as soon as homes are listed. Get acess to homes as soon as they aprear on MLS. sign up today. click website to register to
Recine Team Report
Provider of instant No obligation e-mail updates as soon as homes are listed. Get acess to homes as soon as they aprear on MLS. sign up today. click website to register today
Recine Team Report
Provider of instant No obligation e-mail updates as soon as homes are listed. Get acess to homes as soon as they aprear on MLS. sign up today. click website to register today
This document advertises two real estate agents, Fabio Recine and Melanie Maranda Recine, who work at an independently owned brokerage office. It provides their names, titles as sales representatives, and the office phone number.
The housing market in the Greater Toronto Area is expected to have record sales and price growth in 2010, but both sales and prices will begin to moderate in the second half of the year and into 2011. New home sales will increase to 42,000 units in 2010, with high-rise sales jumping 50% and housing starts rising 34% to 36,400 units. The unemployment rate in Toronto will fall slightly to an average of 9% in 2010 as employment gains push the rate lower in 2011, supporting homeownership demand.
The document provides 50 strategies for maximizing the appeal of a home for sale. It covers preparing helpful information for buyers, creating a warm interior mood, tidying overlooked interior areas, sprucing up the exterior, storing goods, and final preparations. Suggestions include providing photos, bills, warranties and community documents, using lighting, music and scents, tidying furniture, floors, and beds, and ensuring the yard and windows are clean and tidy. The goal is to make the home inviting and to minimize any potential negatives that could turn away buyers.
The document provides an overview of the Home Buyers' Plan (HBP) which allows eligible individuals to withdraw up to $20,000 from their registered retirement savings plans to purchase or construct a qualifying home. Key conditions for participating in the HBP include entering into an agreement to buy or build a home, intending to occupy the home as your principal residence, and repaying withdrawals within 15 years. The document outlines the eligibility rules and repayment requirements in detail.
The document provides examples of how common products and services will be taxed under Ontario's new Harmonized Sales Tax (HST), comparing the previous Goods and Services Tax (GST) and Retail Sales Tax (RST) rates. For many items like clothing, prepared food, and vehicle repairs, the tax rate will remain unchanged at 13%. However, some services like electricity, internet access, and massages will see the tax rate increase to 13% with the introduction of the HST. The tax changes are part of a comprehensive tax package that provides $11.8 billion in tax relief to Ontario residents over three years.
1. Sun Shines on Toronto Market
Information courtesy of the Toronto Real Estate Board.
Sales & Average Price By Major Home Type
APR. 2013 Sales Average Price
416 905 Total 416 905 Total
Detached 1,264 3,675 4,939 $852,090 $588,784 $656,170
Yr./Yr. % Change -11.8% 2.5% -1.6% 2.5% 2.2% 1.1%
Semi-Detached 415 681 1,096 $595,398 $410,739 $480,660
Yr./Yr. % Change -5.5% 1.3% -1.4% 2.4% 4.3% 2.7%
Townhouse 398 1,123 1,521 $433,710 $375,269 $390,562
Yr./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 $349,493
Yr./Yr. % Change -1.3% -7.3% -3.1% 5.6% -5.9% 3.1%
While April 2013 sales numbers
dipped two percent in comparison to
April 2012 sales, the average selling
price rose by two percent during the
same period.
“Despite the headwinds we have
experienced in the housing market
this year, April sales came in quite
strong in comparison to last year. As
we move through the spring and into
the second half of 2013, the demand
for homeownership should continue
to firm-up relative to last year,” said
Toronto Real Estate Board (TREB)
President Ann Hannah.
“It has been almost a year since
the federal government enacted
stricter mortgage lending guidelines.
It is realistic to surmise that some
households, who originally put their
decision to purchase on hold, are
once again looking to buy,” continued
Ms. Hannah.
Jason Mercer, TREB Senior Manager
of Market Analysis, added, “The
condominium apartment segment in
the City of Toronto was a key driver
of price growth in April, with both
the average selling price and the MLS®
HPI apartment index up on a year-
over-year basis. The improved condo
sales picture, with Toronto sales down
by only one percent compared to last
year, suggests that interest in condo
ownership may be improving."
Interested in a more in-depth look at
the Toronto real estate market? Please
call today!
Despite the rainy weather, April results were bright in the Toronto real
estate market with 9,811 sales, an increase in both new and active
listings, and an average selling price of $526,335.
TREB
Recine Team Report
Compliments of Melanie & Fabio RE/MAX Premier Inc., Brokerage
Each office is independently owned and operated.
Melanie Maranda Recine &
Fabio Recine
Sales Representatives
"It's your call
Call Melanie and Fabio"
RE/MAX Premier Inc., Brokerage
9100 Jane Street, Bldg. L, Suite #77
Vaughan, ON L4K 0A4
Office: 416-987-8000
Fax: 416-987-8001
Direct Melanie: 647-836-4062
Direct Fabio: 416-828-5441
mmaranda96@hotmail.com
frecine@trebnet.com
www.RecineTeam.ca
Greetings! You’re receiving this
newsletter with hopes that you find it
informative and entertaining.
If you’re thinking of making a move, or
are just curious as to real estate trends
in your area, please feel free to call at
any time. It’s always good to hear
from you!
Best wishes,
Melanie and Fabio
Volume 9, Issue 6
2. 2
Stick To It
Wall decals aren’t what they used to be: made of resilient
materials like vinyl, today’s decals are just as easy to
remove as they are to apply, so you can effortlessly change
them when you get bored and take them with you when
you move. Available in a range of sizes and prices, and a
huge variety of colors, designs, and themes, from animals
and cartoons to words and abstract designs, decals are just
as suitable for your stylish, sophisticated living room as
they are for children’s rooms.
Material Issue
With its variety of colors, patterns, and textures, fabric is
a versatile tool for dressing up walls, especially damaged
ones. It’s like commitment-free wallpaper: use liquid starch
to apply fabric to your walls just as you would wallpaper;
to remove it, just dampen and peel. Or hang fabric panels
on your wall as you would over your windows, whether in
pleats, shirred, or flat across the wall; this technique is best
used for one accent wall and makes it easy to change the
look when you tire of it.
Shelve It
Available in a huge selection of colors, materials, shapes,
and sizes, floating shelves lend movement and dimension
to walls. What’s more, they’re functional, providing added
storage and display space, which no one ever seems to
have enough of. Plus, you can always easily change what’s
on your shelves to create a fresh look. But when you get
really creative in your choice and placement of shelves
(by grouping together cube shelves of varying sizes or
color, for example) it’s the shelving itself that becomes the
decorative element.
High Profile
Molding isn’t just for the space where floors and ceilings
meet walls; like shelving, it’s a great way to add dimension
to walls themselves, and is versatile given its variety of
sizes and profiles. Use it to create raised panels for a formal
look evocative of Colonial homes; to create a latticework
pattern 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 to
make floor-to-ceiling or wall-width stripes.
On a Roll
Wallpaper has competition from a new trend: tape. You
can get just as creative with wall tape, given the variety
of colors, widths, and patterns available. It’s cheaper and
easier to remove too. Your best bet is probably Japanese
masking (or “washi”) tape, which is made of rice paper, but
you can also use regular masking tape, electrical tape, and
gaffer’s tape. Make stripes, a diamond pattern, or wall art
(abstract or otherwise) on your walls. Craft and art-supply
stores carry decorative tape, but you’ll find the greatest
selection online.
Your home’s walls are its biggest canvas. While paint and wallpaper are the most common ways to decorate
them, they’re not the most creative options. Below are five ways to liven up your walls that go beyond merely
painting or wallpapering them.
Off the Wall Ideas
3. Still Searching?Time Management
Volume 9, Issue 6 3
Time wasters are a common complaint amongst
homeowners who sell their own properties. Here’s
why real estate sales representatives are a seller’s
best line of defense against tire kickers and
unqualified buyers.
A FSBO (For Sale By Owner) seller has to field every
phone call personally and even deal with would-be
buyers showing up at their door unannounced. When
you have representation, you have a buffer between
you and prospective buyers, someone to filter all those
initial inquiries that lead nowhere and bring you only
those that have potential to become a sale.
Your real estate representative pre-screens buyers to
ensure that in addition to being interested in your
home, they can actually afford to buy it. By finding out
whether buyers have their own homes to sell and have
obtained pre-approval for mortgage financing, your rep
weeds out unqualified buyers, allowing you to focus on
those buyers who are able, not merely willing.
By marketing your home through the Multiple Listing
Service®
(MLS®
), your rep exposes it to a network of
other real estate professionals who are looking for
properties to present to their clients – clients they’ve
ensured are serious, qualified buyers. This is one
more way in which having a representative means
sellers are exposed to fewer time wasters and more
promising prospects.
FSBO sellers have to host their own open houses and
showings – which tend to bring out nosy neighbors
and lookie-loos. As a seller with representation, you
don’t have to deal with time wasters at open houses or
handle buyers’ questions at showings – that’s your rep’s
job. You don’t even have to be there. In fact, it’s better
if you’re not.
An inability to see past cosmetic flaws. Gaudy
wallpaper, stained carpets, outdated fixtures, and
sloppy paintjobs are off-putting, but if you can’t
look past such superficial, easily remedied problems,
you may well end up passing over properties that
meet your needs as far as the important things such
as “bone structure,” size, layout, location, and price
are concerned.
Unrealistic expectations. Are you waiting for “the
perfect home” to come along? Are you wasting time
looking at homes that are beyond reach of your
budget? If so, it’s time to reevaluate your list of
needs, wants, and deal breakers, and, if you haven’t
already, talk to a mortgage consultant about what
you can afford and get pre-qualified for financing.
Indecisiveness. There are a few reasons you may be
suffering from analysis paralysis: fear of experiencing
buyer’s remorse, always thinking there’s a better home
just around the corner, or holding out for a better
deal. Of course you don’t want to rush into buying
a home before you’re ready, but there comes a point
when you have to pull the trigger.
You’re trying to do it all yourself. You can spend
endless hours combing through classifieds and
clicking your way across the Web, but a professional
real estate representative is the best way to narrow
your search and find the right home for you more
quickly, by presenting you with only those properties
(even ones not actively being advertised) that meet
your criteria.
Are you looking to move but your search for a new
home is taking longer than you’d like? Below are
a few factors that might be holding you back from
finding and purchasing your next home