Archive for October, 2009

Bungalows: The Great Condo Alternative!

Bungalows: The Great Condo Alternative! Photo

     This week I helped a young couple purchase their first home, a detached bungalow in the Briar Hill – Belgravia area.  Without going into the specific financial details of their purchase, I’ll say that they got the home for below the $325,000 price point (this includes purchase price + approx $5000.00 in reno’s that they’ll do prior to move-in).  We’re talking a fully detached house with a living room, separate dining room, large master bedroom, and a 2nd bedroom on the main level… plus a family room, 2nd bathroom and 3rd bedroom on the lower level… plus front pad parking and a great backyard.  All for under $325,000!

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The Art (And Benefit) Of Home Staging

The Art (And Benefit) Of Home Staging Photo

     Take a quick glance at the real estate section of your local newspaper,  the archives of your favourite real estate blog (ahem…),  or HGTV’s prime time line-up on any given night, and you’ll see that home staging is one of the most acclaimed tools a seller can use to help sell their home quickly and for top dollar.  And the reason that so many in the real estate industry sing its praises is simple – it works! 

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Toronto Real Estate Market Report: October 2009 Mid-Month Statistics

Toronto Real Estate Market Report: October 2009 Mid-Month Statistics Photo

     In the first two weeks of October, Greater Toronto REALTORS® reported 3,631 sales – up 34 per cent compared to the first two weeks of October 2008. The average price for these transactions was up 17 per cent year-over-year to $414,479.

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“Holding-Back” On Offers

"Holding-Off" On Offers Photo

Save for those two frosty seasons of uncertainty, stagnation, and price reductions that we experienced last fall and winter, “multiple offers” have been and are now a very common occurrence in the Toronto real estate market.

In a seller’s market, which is what we’ve been in for the last four months, demand outweighs supply and there are more buyers that there are properties for sale.

As a result any attractive, well priced property is going to receive quite a bit of attention.

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Toronto Real Estate Market Report: September 2009 Statistics

Toronto Real Estate Market Report: September 2009 Statistics Photo

     In September 2009, Greater Toronto REALTORS® reported 8,196 sales, up 28 per cent from September 2008. The average price for September transactions was $406,877 – up by 10 per cent compared to the same month last year.

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Haggling Over Your First Mortgage

Haggling Over Your First Mortgage Photo

     I work with a number of first-time buyers, so when I saw this article a few days ago I thought it would be a good idea to post it to my blog.  Following is the article by Paul Brent as it appeared in the Sept 30th edition of the Globe and Mail: You’ve been to the open houses, explored various neighbourhoods and perhaps even checked out local schools before settling on the home of your dreams. Now it’s time to negotiate your first mortgage, a process which done right, could save you tens of thousands of dollars. 

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