2022 CLIENT APPRECIATION GIVEAWAY WINNER

 

CONGRATULATIONS to the 2022 Client Appreciation Giveaway winner!! 

I will be contacting you within the next couple of days to go through the details!

For all my amazing clients that unfortunately did not win, I am sorry...I wish you could all win!

Thank you for your continued support. It is because of you that I am able to give back, and I am extremely grateful!

2022 FINAL CANDIDATE LIST FOR GRAND PRIZE!!

HERE ARE THE 2022 FINAL CANDIDATES ELIGIBLE TO WIN THE GRAND PRIZE!!

THE NUMBER LOCATED NEXT TO YOUR NAME INDICATES THE AMOUNT OF ENTRIES YOU HAVE, WHICH IS BASED ON HOW MANY TRANSACTIONS WE COMPLETED TOGETHER THIS YEAR.

WINNER WILL BE CHOSEN BY MONDAY JANUARY 8TH, 2023

BEST OF LUCK TO ALL!!

Stella and Jahmar (1)

Cristina and Gianpaul (2)

Anna A (1)

John and Dianne (2)

Jiyan and Marta (1)

Pina and Dino (1)

Gianfranco and Elizabeth (1)

Laila and David (1)

Francesco P (1)

Lina G (2)

Marcello and Roberta (1)

Massimo and Frank (1)

Giovanna S (1)

Domenico, Iolanda, Kareem (1)

Michael and Nicole (1)

Lauren N (1)

Nick and Carol (1)

Federico C (1)

Grace S (1)

Michael and Rose (1)

Chantelle D (1)

John and Kristina (1)

CONGRATULATIONS to the 2021 winner!! 

I will be contacting you within the next couple of days to go through the details!


For all my amazing clients that unfortunately did not win, I am sorry...I wish you could all win!

Thank you for your continual support. It is because of you that I am able to give back, and I am extremely grateful!

Hope to see you all again in this year's draw! 

LOOKING FOR HOUSES

WELCOME TO MY BLOG!

I am currently working with buyers that are looking for specific properties. If you are someone with the kind of property mentioned below, and are looking to sell, please reach out to me.

BUNGALOW

- 3 bedroom anywhere in Woodbridge, or Kleinburg.

- I currently have 3 buyers for this kind of home.

2 STOREY

- Renovated or unrenovated 4 bedroom, detached, with double car garage, in East Woodbridge

- I currently have 1 buyer for this kind of home.

2 STOREY

- Fully renovated 4 bedroom, detached home, with double car garage, in East Woodbridge.

- Fully renovated or updated 4 bedroom home with double car garage in Vellore Village, Woodbridge (Preferably, the northeast and northwest/southwest quadrants of Weston Rd and Major Mackenzie)

- I currently working with 1 Buyer for these kinds of homes!

2 STOREY

- Renovated or unrenovated (preferred), detached home with RAVINE LOT in Kleinburg. Specifically, the northwest side of Major Mackenzie and Islington.

If you are a homeowner that fits the above criteria, and are thinking of selling, give me a call, and if your home is suitable, than we may be able to strike up a deal without going on the MLS. 

No promises though...I can only promise that I'll make the introduction.

Congratulation's to this year's winner (WATCH VIDEO) ???

I will be contacting you within the next couple of days to go through the details.

For all my clients in this draw that did not win, I apologize...I wish you could all win. I thank you for the continual support!

It's because of you that I am able to give back, and I am extremely grateful!

I hope to see you all again this year!!

Client Appreciation Vacation Entries for 2018

Carmen S (1)
Federico and Anita (1)
Jennifer and Nathan (1)
Michael and Nicole (1)
Fab and Maysam (1)
Johnpaul D (1)
Scott and MaryJane (1)
Gianluca C (1)

Congratulation's to this year's winner, Paul and Orianna!

I will be contacting you within the next couple of days to go through the details.

For all my clients in this draw that did not win, I apologize...I wish you could all win. I thank you for the continual support!

It's because of you that I am able to give back, and I am extremely grateful!

I hope to see you all again this year!!

WINNER OF THE CLIENT APPRECIATION VACATION 2016!!

CONGRATULATIONS to this year's winner! 

I will be contacting you within the next couple of days to go through the details.

For all my clients in this draw that did not win, I sincerely apologize...you know I love you all! 

Thank you for your continual support!

It is because of you that I can do what I do, and I am extremely grateful!!

Hope to see you all again this year!!

$4,000 Land Transfer Tax Rebate!

Are you a first time buyer, or will be in the near future??

Watch this video as it may be important for you. The land transfer tax rebate has doubled for first time buyers. I explain what this means in the video above.

Feel free to reach out to me with any questions/concerns that you may have.

NEW MORTGAGE RULES!!! HOW WILL THEY AFFECT US??

In this video I briefly explain some of the mortgage changes that have been designed by the Canadian government in order to cool down the over heated housing market. 

I focus mainly on the new way that Buyers will be qualified for a mortgage, and I offer my opinion on how these changes will affect the market.

Comment below...I'd love to hear your thoughts on this.

THIS VIDEO MAY MAKE YOUR DAY, AND WITH IT, YOU CAN MAKE SOMEONE ELSE'S DAY!

THERE IS A $750 TAX CREDIT FROM THE GOVERNMENT THAT MOST PEOPLE DON'T KNOW ABOUT. 

I EXPLAIN IT IN THIS VIDEO.

I HOPE THIS RELATES TO YOU!

IF YOU KNOW SOMEONE THAT PURCHASED A HOUSE, AND YOU THINK CAN ALSO CLAIM THIS $750 CREDIT, FORWARD THEM THIS VIDEO!

YOU WILL MAKE THEIR DAY!!

10% Downpayment?? Affects on the Market?? Lets Clarify This!!

Click on the link below for an overview of the changes:

http://www.fin.gc.ca/afc/faq/hdpmeh-mfperpc-eng.asp



My Opinion:

This change in downpayment structure does not have enough of an impact to negatively affect the real estate market.

I explain my rationale in my video...have a view!

Power of Sales are a Great Deal!! Says Who??

 

Power of Sales:

 

Many people are under the impression that properties being sold under Power of Sale are great deals.

 

Here is why they are not (in today's market):

 

- The property must be sold for it's fair market value. The initial proceeds will cover any property taxes that may be in arrears, the mortgage on the property, and any other expenses that may have been incurred by the owner. Note, any remaining proceeds WILL BE GIVEN TO THE PARTY THAT DEFAULTED.

 

- The mortgagee will not warrant or represent anything that is being sold. The property must be bought on an "as is, where is" basis, meaning that however the condition is of the property on closing, is how the buyer will assume it. If there is something wrong (e.g. appliances do not work), the buyer has no recourse.

 

- The right of redemption, in the law of real property, is the right of a debtor whose real property has been sold under Power of Sale, to reclaim that property if they are able to come up with the money to repay the amount of the debt.

 

Have your lawyer read your contract over and make sure that this "redemption period" ends at some point (e.g. 2 weeks before closing), and does not run until the closing date. If the redemption period is until the closing date, this means that the mortgagor (person under default) has the right to pay off the debts, redeem themselves, and take back the house.

 

Mortgages are HUGE. But are they Really that BIG??

One of the biggest things that people ask me almost on a daily basis is: "how are people affording such large mortgages...they must be living above their means".

To this I respond: "Not neccesarily", and I explain...click on video to see what I tell them.

July Market Watch - Interest Rates too low! But can't be increased as simply as we think!

Strong Growth in June Sales
TORONTO, July 7, 2014 –

Stepping into his role as President of the Toronto Real Estate Board, Paul Etherington announced a strong increase in residential sales reported through the TorontoMLS system in June. Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also up compared to the same period in 2013, but by a lesser annual rate. This means that competition between buyers increased in June.

“Home buyers in the Greater Toronto Area are confident in their ability to purchase and affordably pay for a home. Generally speaking, buyers feel that ownership housing will be a good investment over the long term. This is why we continued to see increases in home sales in June for all major home types across the GTA. Given the degree of pent-up demand in the market today, I would expect to see sales growth continue through the summer,” said Mr. Etherington.

The average selling price for June transactions was $568,953, representing an increase of 7.4 per cent compared to June 2013. The strongest price increase for the GTA as a whole was for semi-detached houses, with the average price up by 9.7 per cent year-over-year. The pace of price growth for condominium apartments was also strong at 6.8 per cent.

“With less than two months of inventory in many parts of the GTA, it makes sense that we continued to experience very strong price growth in June. This is especially the case for low-rise home types like singles, semis and townhouses.

Strong price growth for these home types will continue through the remainder of 2014. Despite higher inventory levels, the condominium apartment market segment has benefitted from enough buyer interest to result in above-inflation price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Housing Market Indicators
	June '13	June '14	% change
Sales	8,821	10,180	15.4
New Listings	15,458	16,735	8.3
Active Listings	22,205	20,686	-6.8
Days on the Market	24	22	-8.3
PRICE	$529,614	$568,953	7.4

 

 

 

My Opinion

These numbers illustrate clearly that Demand is still stronger than Supply in the housing market, and that home prices continue to increase because of this. Demand will always be higher as long as borrowing costs (interest rates) stay low. Economists are anticipating an increase in interest rates to be implemented sometime in 2015. They’ve been saying this since 2011…we’ll see what happens.

Increasing interest rates is easier to say than to do, because many things will be affected…I talk more about this in my video (above). Have a watch!

Crazy Market Ongoing...Why Use a Realtor!

Tight Market Conditions Prompt Strong Price Growth
TORONTO, May 6, 2014 –

Toronto Real Estate Board President Dianne Usher announced that during April – the first full month of spring – Greater Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013.

“April marked the beginning of the spring market, during which time we generally see the highest monthly sales totals in a given year. Despite the persistent shortage of listings, a substantial number of GTA residents were able to come to terms on a home that met their needs. However, sales levels would have been higher, but for the lack of supply,” said Ms. Usher.

“A number of factors underlie the constrained supply of listings. Studies and polling suggest that the additional upfront land transfer tax in the City of Toronto has prompted some households to stay put and renovate rather than list their home and move. In the broader GTA context, above-trend home sales in the years leading up to the recession have meant that many households who purchased during this period simply aren’t ready to move again,” continued Ms. Usher.

The average selling price for April 2014 sales was $577,898 – up by 10.1 per cent compared to the April 2013 average of $524,868. The MLS® Home Price Index (HPI) Composite Benchmark was up by seven per cent year-over-year. The MLS® HPI strips away price fluctuations resulting from a change in the mix of home types sold from one period to the next.

“Price growth for the GTA as a whole was driven by the single-detached, semi-detached and townhouse market segments in the City of Toronto. So far this year, there has been no relief on the listings front for these home types in many neighbourhoods in Toronto and surrounding regions. Until we see a marked and sustained increase in listings, we should expect to see the annual rate of price growth above the long-term norm,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.

Housing Market Indicators
	April '13	April '14	% change
Sales	9,535	9,706	1.8%
New Listings	18,160	17,315	-4.5%
Active Listings	20,866	19,118	-8.4
Days on the Market	23	20	-13%
PRICE	$524,868	$577,898	10.1%

 

 

 

 
My Opinion

The housing market is a perfect illustration of the law of supply and demand. These numbers show that there are still more Buyers (demand) than Sellers (supply) out there, and therefore, home prices continue to increase. Demand will always be higher as long as borrowing costs (interest rates) stay low. Economists are anticipating an increase in interest rates to be implemented sometime in 2015. They’ve been saying this since 2011…we’ll see what happens.

Bidding Wars May Lead to Mortgage Problems

Explanation of how Buyers must be careful when bidding on a house. If they offer SIGNIFICANTLY more than what their mortgage provider appraises the house at, they may not get the mortgage they seek.

Call me, email me, comment here if you'd like more information on this.

March Market Watch - Sales and Prices Up!

Toronto MLS Sales Up in February
TORONTO, March 5, 2014 –

Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year.

“Despite the continuation of inclement weather in February, we did see a moderate uptick in sales activity last month. The sales increase was largely driven by resale condominium apartments. New listings of resale condominium apartments were up on a year-over-year basis, giving buyers ample choice. This is in contrast to the listings situation for singles, semis and townhomes, where supply continued to be constrained. Some would-be buyers had difficulty finding a home that met their needs,” said Ms. Usher.

“If we see renewed growth in listings for low-rise home types, the pace of sales growth will accelerate as we move through the year,” Ms. Usher continued.

The average selling price for February 2014 sales was up by 8.6 per cent to $553,193, compared to the average of $509,396 reported for February 2013. The MLS® Home Price Index (HPI) Composite Benchmark was up by 7.3 per cent year-over-year.

“While the strong price growth experienced over the last year should prompt an improvement in the supply of listings, sellers’ market conditions will continue to prevail this year. Home prices, on average, will trend upwards at a pace well-above the rate of inflation. The impact of strong price growth on affordability will be mitigated by low borrowing costs,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Housing Market Indicators
	Feb '13	Feb '14	% change
Sales	5,613	5,731	2.1%
New Listings	11,005	10,897	-1.0%
Active Listings	15,969	14,019	-12.2%
Days on the Market	28	26	-7.1%
PRICE	$509,316	$553,193	8.6%

My Opinion

These numbers illustrate that even with these poor weather conditions, there are still more Buyers than Sellers out there. As the weather gets better, there will be more properties listed and even more Buyers will spring up to take advantage of these ultra-low mortgage rates, especially now that CMCH has implemented new policies (http://www.cbc.ca/news/business/cmhc-hikes-mortgage-insurance-premiums-1.2555076).

In the coming months, sales, listings, and prices will increase.