All Posts in Tag: Weekly Communication

This week the weather has been all over the place but the real-estate market is consistent. Below is a link to a great video that will provide an overall outlook to the Canadian Housing market this year. Another robust year is expected! In some markets a slight cooling is forecasted but super tight free hold inventory and low interest rates will make the GTA market quite active with pricing still slightly increasing.

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.

Good morning everyone to the first day of March. 3 weeks to official start of spring but already about 1month overdue for me! What’s the BUZZ? Mortgage Rates going up? / Mortgage rates going down? Forecasts: You should always read past the headlines! It’s been over 10 years that many people have been expecting/forecasting a…

Since being back from vacation (2 weeks Sunday) I have been personally involved in 3 bidding wars. 2 for buyer clients, and one for my selling client. I have been also monitoring specific properties of interest for buyer clients and noting that selling prices have been setting new records (by quite a bit) for certain home types and neighbourhoods. There does not seem to be any slowing down on upward pressure on sale prices as quality inventory is virtually non-existent!

RBC is now cutting its two-, three-, four- and five-year fixed mortgage rates each by 10 basis points. In an emailed statement, the bank said that some mortgage lenders have recently been pricing at lower rates, prompting it to move.

From the news: “In the opening days of 2014, John Quarrie and Lindsey Robins decided to spend a bit of time looking for their first house. They looked at one house on a Friday evening and 24 hours later were the victors in a bidding war on a different property.”

2014 has started with an icy chill and the weather has made it difficult for both home buyers and sellers to get around. None the less this year is expected to be robust and surpass 2013 sales figures both in volume and in pricing.

I am a little “Old School” in that I believe in the power of a referral and/or personal references. Despite many marketing efforts, almost all of my business is derived by referrals. Treat people right! When possible I like to extend a referral back. Below are friends, family and clients that have recently started ventures in the last few months. No doubt they will be successful. Hope you can spread the word.

During this time of year lower inventory rates occur as sellers hold off for the holidays. Decent homes are far and few between resulting in this kind of bidding action for any home that comes to market. So if you are serious about selling it is not a bad idea to list when there are few other homes to compete against.