My July 2014 Newsletter

Posted by: Stephen Bianco, Created date: July 22, 2014












































Market Update July 2014







View this email in your browser

















































 

...from Stephen Bianco
 
















Well, Summer has finally arrived and we now have the figures for June showing another outstanding month.The new TREB President Paul Etherington announced a strong increase in GTA residential sales reported through the Toronto MLS system – up 15.4%.

Sales in the second quarter of the year were up 9% compared to last year.The average selling price for all types of housing in the GTA was $568,953 up 7.4% while semi’s were up 9.7%  and condo’s were +6.8%.

The strong price growth is partly as a result of the fact that there is less than 2 months inventory in many parts of the GTA and this growth especially for houses of all types is expected to continue for the remainder of the year according to Jason Mercer, Senior Manager of Market Analysis at TREB.

Activity in Central Toronto was even better with unit sales at +18.3%. Active listings are actually level with last year overall but this year continues to be more heavily weighted towards condos.

On the detached house front, sales were particularly strong this month compared to last year in 3 areas, these were:

  • C03 (Yonge to Dufferin, Eglinton to St Clair) - 45 units compared to 27 last year.

  • C11 (Leaside) - 30 units compared to 15 last year.

  • C15 (Bayview to Victoria Pk, the 401 to Steeles) - 47 units compared to 26 last year.



While in semi-detached homes strong areas were:

  • C02 (Avenue Rd to west of Bathurst to St Clair to Bloor) - 29 units compared to 19 last year.

  • C15 (as above) - 26 units compared to just 9 last year.



Central Toronto Stats:
 
 

January:          Unit Sales                   Active Listings            Average Price $'000
                      2014    2013                 2014   2013                2014        2013

 


Detached           401     344    +16.6%              842      982                 $1,448.3     $1,353.6    +7.0%
Semis                 149     106   +40.5%              112       127                $  839.8      $  790.8      +6.2% 
Condos             1011     836   +20.9%              3402     3244                $  440.6      $  419.4     + 5.0%
 

Some other Comments:

Lawrence Park
-
Sales here are starting to slow down as the annual mass exodus to cottages or other vacation spots takes effect!

There were just 7 in June, 2 in the $1.7 -1.8m range, 2 between $2.15 & 2.2m, 1 at $2.75m and 2 more from $3.2 – 3.4m.

Condos: Condos: re-sale unit sales were excellent in all areas of the city, overall +21%.

  1. Downtown condos (below Bloor) - sales were 531 compared with 439 last year +21%.

  2. Midtown (from Bloor to the 401) – were 152 compared to 128 last year + 18.8%.

  3. Uptown (north of the 401 to Steeles, the old City of North York) were 328 compared with 269 last year +21.9%.
































Top 10 Most Common 
Buying & Selling Mistakes

(part 3 of 3)

Its worth the effort to learn about the home buying and selling process; doing so could save you time, stress and money. One way to protect yourself is to learn from the mistakes of others.

"RECO (Real Estate Council of Ontario) is responsible for protecting home buyers and sellers, and we've seen too many Ontarians fall victim to easily avoidable buying and selling hazards," says RECO's Registrar Joseph Richer. "Being mindful of this issues can help the process go a lot smoother."

With that in mind, here are the most common buying and selling pitfalls, and tips on how to avoid then

The Top 10 Most Common Buying & Selling Mistakes are:

1. Hiring the First Sales Person You Meet
2. Not Making Your Expectations Clear with Your Real Estate Professional
3. Failing to Read and Understand Forms & Contracts
4. Allowing Emotions to Overtake Common Sense
5. Assuming Everything is Included
6. Forgetting About What Is Within the Walls
7. Forgetting About What Is Outside of the Walls
8. Not Doing Your Research
9. Making Verbal Agreements
10. Underestimating Closing Costs

 


8. Not doing your Research

If you’re concerned about buying a home with a troubled past, a simple Internet search for the address can go a long way. This is also something you can ask the neighbours about.


9. Making Verbal Agreements

Verbal agreements aren’t a problem, until they’re a problem. Putting everything in writing forces both parties to be clear about their expectations and provides a record that can prevent disputes later on.


10. Underestimating Closing Costs

The price paid for a home is just one of many costs associated with the purchase. Related costs, such as land transfer taxes, title insurance and a home inspection, can really add up and take an unexpected chunk out of your budget. There are also the final touches – like a fresh coat of paint, some window coverings or a new appliance – that you may want to do to make the place feel like your home. 
 
 


While these tips will certainly help, the most important advice is to work with a registered real estate professional. “Registered brokers and salespersons provide a great deal of knowledge and expertise about the buying and selling process, along with specific knowledge about neighbourhoods and local issues,” says RECO’s Registrar Joseph Richer. “They can also provide crucial help in avoiding these hazards.”  
 
 


This completes the feature on the "Top 10 Most Common Buying and Selling Mistakes." Should you have any questions regarding these tips and/or to discuss opportunities please contact me at 416-930-8138 or at stephenbianco@rogers.com.
 



















Featured Property:


















96 Boulton Drive
 
 

























































This stunning four plus two bedroom South Hill home, sits on a 52' x 130' lot - the best lot on the street! Your privacy is ensured by the exquisite gardens which are surrounded by parkland set against the backdrop of the Nordheimer Ravine. It has impeccable
 finishes & details which include Jatoba hardwood floors, Jerusalem marble, mahogany corner cabinets, a mahogany panelled library, crown mouldings, built-In speakers, French doors from the kitchen walk-out to the terrace, a master bedroom with a 2-sided fireplace, a sitting area, bow window overlooking the ravine & coffered ceiling, plus a second floor laundry. 

Additional highlights include a lower-level recreation room with a kitchen, games room, a Nanny's room with an ensuite as well as a sixth bedroom; not to mention plenty of storage space. Overall this grand house has a great location within walking distance to Bloor St. & Forest Hill Village.



**Plus, the price has recently been reduced!!
  


Call me at 416.930.8138 - I'll book us an appointment to go and see it 

at your convenience.
 






















Our Latest Collections Magazine in Digital Format!

Click on the link below for your copy of our latest Collections Magazine...hot off the press a few days ago!

http://view.digipage.net/00000076/00011906/00089357/
















 































Stephen Bianco
Sales Representative

Harvey Kalles Real Estate Ltd.,
416.441.2888 ext. 224 or
Direct: 416.930.8138
stephenbianco@rogers.com
www.stephenbianco.com
















 















Copyright © 2014 Harvey Kalles, All rights reserved.
You are receiving this email

Our mailing address is:

Harvey Kalles

2145 Avenue Rd

Toronto, Ontario M5M 4B2


Add us to your address book



unsubscribe from this list    update subscription preferences 

Email Marketing Powered by MailChimp








 







 







 







 







 




Most popular

My August Newsletter! My July 2014 Newsletter An interesting report from Mario @ RBC Interesting Globe & Mail article forwarded by Lawrence… Interesting article from my mortgage specialist at…

Latest post

An interesting report from Mario @ RBC Interesting article from my mortgage specialist at… My August Newsletter! Interesting Globe & Mail article forwarded by Lawrence… My July 2014 Newsletter

Newsletter Signup

Your Name

Your Email