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MARKET WATCH - STRONG SALES GROWTH CONTINUES IN MAY

June 3, 2016 -- Toronto Real Estate Board President Mark McLean announced that there were 12.8% over the same period last year. In contrast, the number of new listings was down over the same time frame by 6.4%. 

"Whether we're talking about existing homeowners or people looking to purchase for the first time, there is no shortage of buyers in the marketplace today. So, while the record number of home sales through the first five months of 2016 is not necessarily surprising, it does sometimes mask the larger story in the GTA: the shortage of listings, which has resulted in strong upward pressure on home prices," said Mr. McLean.

The MLS® Home Price Index Composite Benchmark was up by 15% year-over year in May 2016. Similarly, the average selling price for all home types combined was up by 15.7% over the same period.

"Widespread competition between buyers of singles, semis and townhouses across the GTA has underpinned the robust annual rates of price growth experienced so far this year. With this said, however, it is also important to understand that tighter market conditions for condominium apartments have resulted in price growth well above the rate of inflation in this market segment as well," said Jason Mercer, TREB's Director of Market Analysis.

LOOKING TO SELL YOUR HOME? CONTACT ME TODAY TO HELP YOU MOVE IN THE RIGHT DIRECTION!

 


SPRING CLEANING THE ECO-FRIENDLY WAY

It’s spring time! Let’s wash away those last bits of winter with some good old-fashioned spring cleaning. We’ve got some tips for cleaning up that are better for you and better for the environment than some of the traditional cleaning products you find in the stores.

Cleaning stainless steel – Olive oil and white vinegar work well to clean stainless steel and remove the smudges and fingerprints from it. Start with the oil on a clean rag rubbed over the stainless to polish and remove the smudges. Follow up with the vinegar on a clean rag to remove any residue. Let dry.

Cleaning glass – Mirrors and windows can be sparkling clean with a 1:1 mixture of white vinegar and water. If you find that you’re ending up with streaky windows with this method, use about 1 tablespoon of rubbing alcohol in 3/4 cup water to remove all the traces of the previous glass cleaner from your windows. From then on, you should be able to use the vinegar and water mixture with no problems!

Cleaning furniture – Most of the time a slightly dampened clean cloth will do the trick when it comes to dusting your furniture but if you find that you need to occasionally polish it, here’s a mixture to try. Add a few drops of olive oil to 1/4 cup of white vinegar. Shake this up and using a clean rag, rub it onto your furniture. Use a dry rag to remove any excess and to buff the wood. (You may want to try this on an inconspicuous area of the furniture to make sure it’s safe for the finish).

All purpose cleaner – This works well for kitchen counters, appliances, inside your refrigerator, and items such as trash cans and cat litter boxes. Put 4 tablespoons of baking soda in a quart of warm water. Apply with a sponge. Follow up by wiping with a clean sponge or rag dampened with plain water.

Scouring powder – Just apply baking soda with a damp sponge. I keep some in a jar beside my kitchen sink so it’s handy!

Toilet bowl cleaner – Mix 1/4 cup baking soda with 1 cup vinegar and pour it into the toilet. Let it sit for half an hour. Scrub with a brush and rinse


5 HOME SELLING TIPS FOR A HOT SPRING MARKET

Depersonalize:  You want buyers to walk through your house and feel like it's their home, and things like a cluttered wall of family portraits are guaranteed to prevent buyers from emotionally placing themselves in your home. 

Fresh Paint:  Strong colours on the walls or wild wallpaper make it hard for buyers to imagine their furniture in your house. Consider repainting your home in neutral colours that will enhance a room's size and look more inviting.

Clean:  Next to painting your home, cleaning your home is the most cost-effective way to increase your home's appeal.

Add Touches:  You don't need to spend a fortune to make a big difference. Replace old window coverings with new draperies, add mirrors on the wall to help rooms feel more spacious and don't forget the outside of your home because curb appeal is the best way to make a great first impression.

Cost of Improvements vs. Potential Return:  Don't get so carried away with prepping your home that you forget why you're doing this - to get more money! You need to consider two things before making any improvements. Will this make my home more desirable to buyers? Will this increase the value of my home more than it costs me to do it?


OAKVILLE HOUSING MARKET FOR SPRING 2016


"Oakville’s housing market was very active to start the year, with sales increasing by 11% in the first quarter year-over-year. Single-family detached homes in the upscale town west of Toronto were in high demand, as move-up buyers look for bigger homes to accommodate growing families. The average sale price rose from $832,780 in the first quarter of 2015, to $1,001,334 in 2016. Rising prices across the GTA have resulted in more homes being sold for over $1.5 million in Oakville, the entry level price of the suburb’s luxury market. This has resulted in a 94% increase in sales in the luxury segment between January and March year-over-year. Foreign buyers are increasingly attracted to good elementary and high schools in Oakville and have played a larger role in the luxury market in the first quarter of 2016.

LOOKING TO PURCHASE A HOME IN OAKVILLE, CONTACT ME TODAY FOR EXCLUSIVE AND MLS LISTINGS!


BRAMPTON HOUSING MARKET FOR SPRING 2016

"Brampton has historically been more affordable than other areas of Peel Region, but is starting to catch up as demand increases. Average price and
sales activity increased year-over-year in the first quarter at a rate that outpaced the GTA average: Brampton’s average residential sale price rose 16
per cent and unit sales rose 26 per cent. Multiple offer scenarios have become more frequent, particularly in the lower end of the market and
average days on market has dropped to 15".  There are many beautiful pockets within the Brampton area, contact me today to help you move in the right direction to the right home!

 


MILTON BOOMFEST - FUN FOR THE WHOLE FAMILY THIS VICTORIA LONG WEEKEND

Milton Boomfest 2016

LOOKING FOR FUN THAT THE WHOLE FAMILY CAN ENJOY?  WHY NOT VISIT "MILTON BOOMFEST" FOR A LONG WEEKEND OF FAMILY FUN, FOOD, AND 2 NIGHTS OF FIREWORKS!

FROM THE MAGICAL MIDWAY, LIVE MUSIC, A PETTING ZOO AND MUCH MORE, YOU CAN BE SURE TO FIND SOMETHING THAT THE WHOLE FAMILY CAN ENJOY!

Saturday, May 21st - Monday May 23rd, located at the Milton Fairgrounds 136 Robert Street Milton Ontario

 


REAL ESTATE - GREATER TORONTO AREA AVERAGE RESIDENTIAL SALE PRICE UP BY 14%

GREATER TORONTO AREA AVERAGE RESIDENTIAL SALE PRICE BY 14% AVERAGE RESIDENTIAL SALE PRICE $675,492 

High demand and low inventory for single-family homes continued to be the dominant theme in Toronto’s housing market in the first quarter of the
year. As city planning shifts toward density and away from urban sprawl, the supply of ground-oriented homes is increasingly limited. Current owners are reluctant to sell as they are hesitant to become buyers themselves in a competitive market, and with rising home values, many are holding on for further price appreciation. Move-up buyers, moving either from a condo to a detached home or from a smaller house to a larger one, are the most
active market segment. The most in-demand property types are detached homes priced up to $1.5 million in the 416 area code, and up to $1 million in the 905 area code.

Contact me today to help you move in the right direction! 

 


MISSISSAUGA REAL ESTATE NEW LISTING

JUST LISTED
An Executive Freehold Townhouse Built By Cachet Estate Homes With Over 2135 Sq ft Of Living Space Located In Desirable Churchill Meadows.This Spacious 3 Bedroom Home Features A Large Open Concept Layout With A Finished Basement! Some Upgrades Include, Gleaming Hardwood Floors On The Main Level, Wood Staircase W/Rod Iron Pickets, Built-In Ceiling Speakers,S/S Appliances And A Sunken Family Room With A Fireplace. Asking Price $679,000. Contact Me Today For Your Private Viewing!


REAL ESTATE INVESTMENT

ALAA YOUSIF LAUNCHES "THE FOUNTAIN HOMES" PROJECT

We are proud to announce the launch of "The Fountain Homes" in St. Catharine’s, Ontario. The announcement came May 2nd with the Mayor of St. Catharine’s in attendance and assisting with the ribbon cutting ceremony. Mayor Walter Sendzik announced that I Gate Investment is bringing a "great change to the city". With media, engineers, and investors present, Alaa Yousif, top Re/Max Specialists Broker, launched the construction phase of 16 customized luxury town-homes that you will call your next home!

These customized town-homes situated in a quaint complex, are close to amenities, highway, a golf course and much more! With the company's long history and affiliation with I-Gate Investment, we continue to ensure that quality meets the high demands of the public. Working closely with the architects and interior designers, ensures that the quality of workmanship has innovative designs and products that are modern and convenient so you feel right at home. Home is where everyone longs to be, make The Fountain Homes your first choice!

We continue to provide consumers with vital expertise that influences the entire scope of projects. This project is one of many that we will be launching in 2016, offering a wide range of services and opportunities for clients and investors.