Toronto Home And Condo Moves

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Rob Mills

  • Why Sell Now?

    In the last few weeks I have been asked several times why I say "Now is the right time to sell".   

    For me this is an easy questions to answer as there are so mane great reasons to sell you property now rather than waiting till the fall or even next year.

    Here are my top reasons.

    1. we are experiencing a bounce in prices following last years sluggish real estate market

    2. there is a shortage of good real estate for buyers, get ahead of the market by listing before everyone else in Spring and you should capitalize on this.

    3. cut out the added expense of HST which is due to hit us all in July this year, you could save yourself thousands in related costs by selling now

    4. if your planning on selling a new home and purchasing a new one then timing is everything, if you list now you will still be able to miss out all of the extra costs of HST on selling AND purchasing your new dream home

    5. why wait till the market gets cold again. I have no reason to believe we will see anything other than a strong market all year, however you never know what may happen, why risk it?

    So if the prospects of lower costs, high competition for your home and plenty of buyers out there looking to move up doesn't tempt you to list today, what will?

     

       

     

     

     

     

  • Single Story For Rent/Lease in Bayview Village

    • 2 bath, 3 bdrm single story - $1,790 CAD Monthly - Live In Bayview Village

     -  Live in Bayview Village!

    Luxury honme for rent in amazing location. Check out this beautiful and well appointed home that just glitters.

    Great owner with true pride of ownership looking for a great tenant to live in this beautiful home.

    Gleaming hardwood floors, very large dining/living sopave with a fireplace for those cozy winter nights, renovated kitchen and bathroom. Master is ensuite.

    Steps to TTC, Shops, YMCA, Parks and lots more.

    Property information

  • Rent/Lease Reduced on 53 Millgate Cres in Bayview Village

    Bayview Village, Bayview/Sheppard  -  Announcing a rent/lease reduction on 53 Millgate Cres, a 2 bath, 3 bdrm single story. Now $1,790 CAD Monthly - Live In Bayview Village.

    Property information

  • Finding Success Through Social Media

    I have spent the last few weeks really taking my time to discover more about "Social Media".  I have known for some time that I was not tapping into this stream of social marketing and really getting to know more about where "Facebook" and "Twitter" in particular would come in handy to help my business and my clients. 

    I have been a member of Facebook for a long time, I was one of the first people I know to start an account and I took the time to reach out to some of my old friends (I come to Toronto via Spain, USA, Mexico, Jamaica and the UK). I found it great to get in touch with school, college and work friends that I had lost touch with years ago.  However I (like many others) never really saw the potential of reaching out to more people to increase my business and reach a larger audience. 

    Its become very clear in recent months due to the rapid increase in Social Media that this would need to change, but how to start?  I have been trying to plot my way through this on my own but realised I needed help from a higher power.  So I signed up for a seminar held by the Toronto Real Estate Board in the hope that it would provide me with the help I needed.  Well thanks to Richard Silver I now not only see the benefit but also the route to take to get me kickstarted in our Web 2.0 world. (Thanks again Richard).

     Its really important that when I represent my clients I represent them in the best way possible.  Its not enough these days to post a listing on MLS, put a sign up on the road and wait for the phone to ring (or beep, or jingle or whatever ring tone you chose).  

    I now reach a much larger and broader audience for my listings and its great to be able to tell my clients I am now working in the 21st Century! 

  • Luxury Rental Unit on 228 Queens Quay W in Queens Quay/York

    Queens Quay/York, Toronto  -  Announcing a rent/lease unit on 228 Queens Quay W, a 2 bath, 2 bdrm apartment. $2,000 CAD Monthly - Lake View + Inc Utilities.

    Property information

  • Property For Lease on 24 Wellesley St in Bay & Wellesley

    Bay & Wellesley, Toronto  -  Announcing a renalt/lease availabe on 24 Wellesley St, a 2 bath, 1 bdrm apartment "With Solarium". $1,625 CAD Monthly - Includes Heat + Hydro.

    Property information

  • 2 Story Loft on 36 Blue Jays Way in Blue Jays Way/Front

    Blue Jays Way/Front, Toronto  -  Announcing a furnished 2 story condo at 36 Blue Jays Way, a 2 bath, 1 bdrm single story. Only $399,900 - 2 Story Loft 1+1.

    Property information

  • Strong Economic Recovery Continues Says President Of Toronto Real Estate Board

     Tom Lebour from the Toronto Real Estate Board announces that the strong economic recovery continues.  Read On For Details.

    November 20, 2009 -- In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales, an 84 per cent increase compared to the same period a year ago. The average price of GTA homes sold during this timeframe also grew, by 10 per cent, to $415,066. Condominium activity throughout the GTA was even more extraordinary. Sales of this housing type increased 90 per cent to 959 transactions, with an average price of $296,664, up 15 per cent year over year.

    The City of Toronto experienced the highest increase in sales volumes while average price appreciation was consistent throughout both areas.

    The number of sales in the City of Toronto soared to an 88 per cent increase compared to the same period a year ago, reaching a total of 1,560 transactions. The average price meanwhile, climbed to $441,893, a 10 per cent increase from mid-November last year. Condominium sales in Toronto increased an incredible 97 per cent from a year ago, to 674 transactions. They sold at an average price of $317,939, up 13 per cent year-over-year.

    In the 905 Region sales activity was up 81 per cent over the first half of November 2008, totaling 2,106 transactions. The average price of a 905 Region home was $395,195, also up 10 per cent from a year ago. Condominium transactions in the 905 Region increased 75 per cent from mid-November last year, to 285 sales. They fetched an average price of $246,351, up 20 per cent year-over-year.

    Increased interest in ownership housing has been widespread throughout the GTA and across all housing types. However, it is important to point out that we are now making comparisons to the fall of 2008 when we experienced a marked decline in sales and average price.

    Year-to-date sales throughout the GTA have increased 11 per cent over last year, to a total of 78,233 transactions, putting 2009 on track to finish with some of the best years on record. The average GTA house price has also increased three per cent year-to-date, to $393,180.

    While it's reasonable for sales in the first half this month to be strong as compared to the same period a year ago, when the market experienced a marked decline, such strong price recovery is particularly significant.

    I discussed this characteristic of the market with the Toronto Real Estate Board's Senior Manager of Market Analysis Jason Mercer, who pointed to affordability as an important factor.

    "Average home prices recovered quickly in the GTA compared to other centres in countries like the United States because the average priced home remained affordable relative to average household incomes. As consumer confidence in economic recovery improved in the spring, home ownership demand and home prices recovered quickly."

    According to Mercer, the outlook for next year's spring housing market is also favourable.

    "Expect home ownership demand to remain strong in 2010. Market conditions will balance out next year as more homeowners react to the strong sales and price growth reported in the second half of 2009 and list their home. The average resale home price will grow at a sustainable rate next year."



    If you're thinking of buying or selling a home in the coming months I encourage you to talk to a REALTOR®. For more information, please visit www.TorontoRealEstateBoard.com

    Tom Lebour is President of the Toronto Real Estate Board, a professional association that represents 28,000 REALTORS® in the Greater Toronto Area.

  • Royal LePage Survey Results "Strong Current Market Conditions Are Sustainable"

    The Royal LePage Real Estate Advisor Survey of more than 1,100 Royal LePage agents and brokers across Canada showed that 61 per cent believe the housing market's current strength is sustainable.

    Affordable mortgage financing stood out as a factor driving the market as more than 64 per cent cited the low interest rate environment as the most important single factor attracting home buyers. For the Royal LePage brokers and agents who do not believe the current strength of the market is sustainable, an expectation that interest rates will rise was cited as their number one reason (36 per cent)."The Governor of the Bank of Canada made an early year commitment to Canadians that the central bank would stand by its low interest rate policy into 2010. This principled stance has been received very positively by prospective homeowners who have felt confident in making the substantial investment that home ownership represents. Together with numerous positive economic indicators seen over the course of the summer, we believe that the current health of the real estate market is sustainable," said Phil Soper, chief executive of Royal LePage Real Estate Services Ltd.

    Results

    Do you think the housing market's recent performance is sustainable?

    (1,153 responses in total)

    Yes: 707 responses (61 per cent)

    No: 320 responses (28 per cent)

    Don't know: 126 responses (11 per cent)

    What factors do buyers think have contributed to the housing market's recent performance?

    Ranked by first choice

    (1,062 responses in total)

    Low interest rates: 701 responses (66 per cent)

    Belief that the economy is strengthening: 97 responses (9 per cent)

    Release of pent-up demand: 71 responses (7 per cent)

    Not wanting to miss the rally in home prices: 62 responses

    (6 per cent)

    Perception of long-term job stability: 43 responses (4 per cent)

    Positive media coverage: 34 responses (3 per cent)

    Government incentives: 21 responses (2 per cent)

    Other: 33 responses (3 per cent)

    More information can be found at www.royallepage.ca

    www.newscanada.com

  • Easy fixes to renovate a home

    After my last article I decided I should try and offer some easy fixes to renovating a home and make a good return on your investment. So over the next few weeks I am going to post some info that I hope will help you look for the grea opportunites that may pass you by becasue you can't see the pottential.

     Here is an article I found on kitchens and hoe to make an easy fix.  I hope it helps.

    If your current kitchen décor inspires visions of disco balls and bell bottom pants maybe it's time for a much needed update. But do you need a complete kitchen makeover, or just a facelift?

    The answer depends on your budget. The bad news is that a total renovation project can be very costly. The good news is that you can replace your countertops and feel as though you have a brand new kitchen.

    That's because your countertop is the most visible source of colour in the kitchen. If your cabinets are white or wood, then what immediately catches your eye is the surface you use the most - your countertop.

    Kitchen countertops are the most important work surface and key element in the design and luxury of your home. Today's latest designs in countertops can take a moderate looking kitchen and turn it to a kitchen out of a décor magazine or interior design show.

    If you look at what's available you will be amazed at the selection not only of colours but textures and finishes as well. The primary goal is to find a durable, stain-resistant and easy to clean surface that will also bring style, elegance and beauty to your kitchen.

    The two most popular countertop materials which meet this current demand for both practicality and elegance are the new solid and quartz surfaces.

    "We offer the two hottest products in the market today but taste has a lot to do with your choice," said Mark Hanna, President of Montreal-based Leeza Distribution Inc., one of North America's leading distributors of Samsung's Staron Solid Surfaces and HanStone Fine Quartz Surfaces. "If you have an affinity for stone which provides visual impact and dominance in a kitchen, than HanStone is for you. Whereas if you don't want all the attention to be on your countertop and true functionality is your goal, than Staron would be the ideal choice."

    Both surface materials meet the highest standards for hygiene and cleanliness in the industry (certified NSF 51) thanks to their nonporous properties. Also of great importance, both are accredited with Greenguard environmental certification for low emitting products.

    Samsung Staron is recognized as one of the top lines of acrylic solid surfaces in the market today because of its unlimited flexibility in design. "Unlike stone, which is a hard flat surface with design limitations, solid surfaces allow any design style and application you can imagine to blend with your kitchen design." added Hanna.

    With countertops it's still all about colour and with Staron's over 70 colour choices you can find the perfect colour to complement your kitchen decor.

    Meanwhile, Quartz countertops, such as the industry's top rated HanStone surfaces, offer a sophisticated elegance and timeless beauty in virtually any surfacing application. As the fastest growing category of premium countertops, quartz surfaces are stronger than granite and because they're nonporous, they require no sealing, are highly resistant to scratches, stains, and bacteria growth and come in a wide range of dramatic colours and patterns. More information on solid and quartz surfaces is available at leezadistribution.com.

    - News Canada

     

     

  • Suprising feedback

    I was at a very busy open house over the weekend and was really suprised by some of the feedback that I was getting whilst I was there.  Of course I realise that not everyone is going to like every house they walk into, the old phrase "horses for courses" springs to mind.  Having said that its eye opening to me that some people overlook the opportunities that are presented to them to make easy money in the real estate business. 

    This house was listed below what most houses were selling in that area (a very popular location) and had not been revovated for some years.  However it was on a larger corner lot with LOTS of potential, which anyone with a keen eye could see.  

     One couple in particular were really suprising to me.  After exchange pleasantries and asking a few basic questions to see what they were looking for they told me they were looking for a "fixer upper" a house they could renovate and increase the value of easily. 

    This seemed to be the perfect house for them.  Its exactly what this house needed and should have been of great interest to them.

     Instead I was very suprised to hear the lady start to make remarks that she thought the house was "a dump", that it "smelt" and that it should be "torn down" (which it certainly didn't). 

    I thought that maybe she was overlooking some of the reall potential this house would offer the new buyer so I started to talk to them again to get a little more feedback.  She again told me they were looking for a "fixer upper" and that they had been looking for many months.  I gave her my professional opinion on the home and that if thats what they were looking for this home would probably offer them a great return on their investment. 

     It was very clear from her reaction that she thought I was a madman and that I didn't know what I was talking about.

    The reason I bring this up is that most people walked in and immeadietly saw the great potential the home offered and that for a modest budget the home would increase in vaule greatly.  Anyone who put some time in to the kitchen, bathrooms, painted and removed the old carpet and buffed the real hardwood floor underneath would probably increase the value by a minumum of $75,000, probably less than a third of their investment. 

    My tip of the week, don't bring judgement, bring an open mind and soloutions.

    Oh by the way after receiving multiple offers we sold the house that day, over asking. 

  • How To Hold A Succesful Open House

    Well thanks everyone for making that the weekend go fast, especially at the open house on Sat.  It was so successful we managed to sell the house before the end of the first day, we got an offer over asking whilst we were there!

     These are a few good tips for anyone out there who is thinking of selling right now:-

    1.  Hold an Agent Open House before a public one, this will give agents a chance to check the suitability of the house before their clients do so they can get all the info they need and can promote the property before their clients even see it.

    2.  Be prepared, make sure the open house is well advertised locally using all the available resources.  I am particularly fond of Craigs List, a lot of people are now using this as a major resource for information.  Your realtor should take care of all of this, but make sure that they do.

    3. Make sure the property is looking its best and is well lit. You have got to put the extra work in if you want to get that extra special price.

    4. Light a candle or have some nice smelling air fresheners around the house.  You don't want any unwanted pet or food odors putting off any potential buyer.

    5. Leave your Realtor to do his job!  Stay close so you can accept any offers that might be presented but make sure you give the professional you have hired to do the job they are good at. 

    Good Luck!

    Rob

  • Open House - 3 Bed Home in Mississauga

    Come and check out my open house this weekend.

     This is a great opportunity to own a home on a well established treed lot in the very heart of Mississauga.

     I will be at 1235 Claredale Rd in the Atwater/Cawthra area at the following times. 

    Sat 31.10 - 3-5pm

    Sun 1.11. - 2-4pm

    This one won't last so come and catch it while you can!

  • The HST or Hated Sales Tax- Stand up for your rights!

     I just wanted to take the time for everyone to start Finally sitting up and taking notice about the new ontario HST (or as I call it the Hated Sales Tax!). 

     It seems to me that the vast majority of people are not sitting up and taking notice about what is being propsed here and are letting the cat out of the bag before they can tie it up.  We, as a Province, have to take the time to educate us on what is and will become the Larget Tax Hke In The History Of Ontario.

    Do we really want to sit back and wait until every single one of us being hit by an 8% tax increase on almost everything we buy?

    We have to take action NOW! To stop this tax ruining our already fragile economy.

     Now please let me explain that I am not against any tax increase, if you want your services to run well and to have more of what makes life good in the wonderful Province then each one of us must be willing to pay for our share. 

     My Issue is that this is a MASSIVE TAX HIKE and we can and should oppose such a massive increase on the cost of goods and services we all pay for daily.  

    I propose that we postpone this decission until we have a more robust ecnonomy that can withstand another massive hit, or cap the total HST at no more than 10%.  This will still be a major hike in cost and drain on all of us but will still save each of us thousands a year in increased taxes.

    Here is a small list of services currently only taxed at 5% going up to 13%.

    Natural Gas bill
    Internet bill
    Water bill
    Gas at the pumps- That is like 7 cents per L.
    Hair cut
    Massage therapy

    Condo Maintenance Fees !

    Commissions to Sell Your Home

    Legal Fees

    Home Inspections

    Anything that requires labour around your house:  plumber, electrician, painting, grass cutting ext.

    Electricity bill- This is a good one.

    Look at your electricity bill there is a charge on it for debt retirement charge. That is a charge for the huge debt the OPC ran up.

    Only in Ontario would we pay tax on a debt, and only in Ontario would we increase this tax.

    This is just a small list as there is so much more.

    Stand up Ontario and tell him we cannot afford any more Mcguinty politics. No new taxes.

    This is not the time to stay passive - Mcginty was voted in on the promise to "help families"!!! This couldn't do more to hurt families in these economic times. Put in the call Ontario - this tax will be pushed through before you know it!!!

    Dalton McGuinty, Premier
    Legislative Building
    Queen's Park
    Toronto ON M7A 1A1

    Phone Number
    (416) 325-1941

     

     

  • 2 Story For Sale in King West Village

    • 2 bath, 1 bdrm 2 story - $348,800 - With Parking and Locker

     -  Live in Trendy King W Village with easy access to Everything. This large 1 bedroom plus Den also includes a locker and parking.

    With its open grad staircase and gleaming stainless steel appliances this is a unit not ot be missed.

    This is your chance to move on up to the DNA.

    Property information

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