Realtor POSTS services on eBay

Is there a way to reach out to a new generation of internet savvy users?   I think so.

What CAN you do that is unique? Singular in purpose to engage, inform and educate, to meet new people? Ebay Auctions http://cgi.ebay.ca/ws/eBayISAPI.dll?ViewItem&item=300875423820#ht_640wt_1186

What are you doing that will get you noticed?

Available for Opinion of Value or Market Evaluations,  Discussion of Senior Housing Issues / Planning and Options for Seniors,  Condominium Board participation, YouTube Advertising and SEO for Website Managers, Social Media Engagement or Teaching a Class



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ZERO Growth Forecast from TD

TD Bank issued their economic forecast in March 2013.   While most are lamenting the additional strains placed on First Time Buyers, TD rightly graphs the reduction in the number of First Time Purchasers by age group.  Immediately beside this is a graph of How many will be over the age of 65 during the next few decades.   After 2030 the Mature market will continue at 25% of the entire Canadian Population?

What does this imply?   ZERO net growth over the cost of inflation. 

Thank you to Romy Alegria with TD for providing the following details;

•  We project a 3.5% annual rate of return on real estate to prevail beyond 2015 – this is the long-run rate of increase for home prices in Canada. However, this pace will be moderately lower than they have been historically (5.4%). (for more information see attachment)
• It comes as no surprise that new home construction has started 2013 on a soft note, given the fact that housing starts ran at a pace that has largely been deemed as unsustainable in 2012. Indeed, there is strong evidence that building construction grew faster than demand for new homes in 2012. With the 6-month average of housing starts at 195,000 units, new home building is still well above the 180,000 units that are needed to keep up with household formation
• The amount of overbuilding in the Canadian housing market has been a concern for the last decade. It is estimated that the Canadian housing market is oversupplied by roughly 250,000 to 300,000 units. As such, we expect starts to continue to soften in the coming years as the new home market works off some of these excesses
• The Bank of Canada held the overnight rate unchanged at 1.00%, but had a more dovish tone in its communique, suggesting lower for longer interest rates.

Long Run Rate of Return for Canadian Home Prices 1 by David Pylyp

Romy Alegria is forming a new group in Toronto for Women's Prosperity.  Are you interested?  They even started a Facebook Group. 

Do you agree with the details in the News release?   The information in the Graphs?  Will you be downsizing or have you moved on from your parents home in the Toronto GTA.  Now its an estate sale.   Call me 

Storage Lockers are in Toronto Too!

We have a thriving Storage Locker Business in Toronto. Our Family will squirrel away items that could be used later, then We watch them find long lost and abandoned family heirlooms and items of value.  Our sense of curiosity peaked by the search through someone else's life.  But its happening every day...

Yet It could so quickly become our parents who put things in storage to make space in their home and all is forgotten for the sake of a few index cards and organization.




Many people have off-site storage lockers Where they SAVE items that no longer have purpose. What may have started as a short term solution for their storage needs, but has become a long term issue.

The cost of paying for a locker can ADD up to thousands per year. Unless an index of all the items was made when the locker was filled, most people don't even remember what is in the locker. 

In the end a storage locker becomes a very expensive garbage can to be cleaned out later

Lets deal with it Now 

Liz Manore   905 467 2400.

Staging and Organizing your Toronto Home and preparing to sell?

Have they finally Caused the Bubble?

The Toronto Real Estate Board released its February sales number to the glee of many in financial circles.  Sales Collapsed by 20%  SHOUT the headlines!

http://www.torontorealestateboard.com/market_news/market_watch/2013/mw1302.pdf

In the front page chart

Condo apartments
Month over month % change - 20%

This is in direct conflict with the chart immediately below that shows new listings at 11,052  down 12% from 2012.

YET Days on Market [DOM] increased to 28.... 28 days on market is a one month supply of homes for sale A Seller's Market FIRMLY continues [in the Toronto resale market] with multiple offers on detached and semi detached properties all around the GTA.   

Now, have a look at the chart above.  Detached home sales in the 416 numbered 749.  The 905 area code sold 2,025 homes in that same period.  A WHOPPING 3 times the number.  So, as the singles start families or find their BFF and want more space, they migrate from the glamour of the city core and find their own white picket fence. Is the Toronto Land Transfer Tax singularly to blame?  The average home price in Mississauga or Milton, Burlington is more appealing but now you need to go substantially further to save. Ajax and Oshawa are very appealing.

The most confusing is the BOM announcing 2.99% fixed for 5 year financing when typically the interest rates increase in spring to coincide with the RRSP and Tax Deadlines combined with mortgage demand for spring borrowings.  Simply Put, There are annual interest rate fluctuations to match Home Buyer demand.

This creates conflicting media messages that make Buyers Hesitate. Additional mortgage qualification tweeking has removed some buyers from the POTENTIAL PURCHASER pool, yet has effectively changed nothing. CMHC may not insure purchases in excess of a 25 year Amortization [AM] or Purchases in excess of ONE MILLION.  OK, but Genworth and MICC will gladly accept your insurance premium, funding with a first line financial institution and provide 30 year AM's.

I am more concerned about the announcement of continuing layoffs in a variety of business sectors combined with aged attrition in the workforce [retirees].  Part Time and Contract positions do not have the income and ability to qualify for mortgages.

If We are having a this conversation, this is good.

What do you want to do?



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Selling Yourself FSBO

For Sale By Owner Toronto



It might be tempting to save some money by trying to sell your house on your own, but consider this; Almost 1/3 rd of all sales come from agents to agent sales, who work the neighbourhood or past Client referrals, people we have worked with before.

This means that my database of past and existing purchasers is your best opportunity to getting your house sold for more money in less time.

Want to know more?

Talk to your local Toronto real estate professional

David Pylyp
416 233 9000
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1926 Lake Shore Blvd West, Toronto

Four Points Sheraton

1926 Lake Shore is the Lake front Hotel location at Windermere and Lake Shore Blvd., W.  The Hotel closed its doors October 15th.

Carttera's Urban Intensification Fund 2 acquires development site at 1926 Lake Shore Boulevard West, Toronto.

November 2012 Carttera's Urban Intensification Fund 2 recently acquired a 1.1 acre site located at 1926 Lake Shore Boulevard West in Toronto. This site fronts onto Sunnyside Park and has spectacular views of Lake Ontario, High Park and downtown Toronto. Carttera plans to redevelop the site as a residential condominium. 

http://www.carttera.com/whatsnew.cfm Carttera - What's New www.carttera.com 

1926 LAKE SHORE BLVD W OPA / Rezoning 13 125924 WET 13 OZ Ward 13 - Etob. York Feb 27, 2013 --- --- --- --- Proposed amendments to the Zoning By-Law to permit the development of 2 residential towers with heights of 42 and 48 stories connected by a 4 storey podium. A residential gross floor area of 78,625 sq m is proposed. The building will contain a total of 847 units, 613 parking spaces below grade, and 248 above grade.

Stand by for further updates...


How do you find an agent?

Lets start by making a plan for where you want to be. Call me at 647 218 2414

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Land Transfer Tax makes RED HOT impact on Toronto Real Estate

The sales are up? The sales are down? Prices are falling? Who says? Are there more listings?

Lets look at the details;

There were 2,081 sales of detached homes in the Toronto GTA that encompasses the Toronto real Estate Board.   In case you missed the details, 3 times as many home buyers selected a home in the 905 rather than the 416.  This same ratio continues in all categories except condos. If there was ever a more glaring example of inequity it is the ADDITIONAL Land Transfer Tax. Previous conversations; CD HOWE reports on Land Transfer Tax Impact 

Lets examine the AVERAGE DOLLARS

I am not a statistician but average means AVERAGE. The average house sale in Toronto was up 2.7% for a sale price of $ 765,000 on 502 units.  [ Before everyone gets on a TITHER on t How can people afford a house program just check out this link...   http://www.canequity.com/ontario/toronto-mortgages.htm  Average is actually $270K ]   Sales in the 905 were TRIPLE for the same period and their prices increased 6.8%

So when people say: Is the market up or down?

We can say condo prices in Toronto are down almost 5% over last year but prices have adjusted only by One Percent. Detached homes are up 4.8%  SO really there was no change at all. The number of listings has been slow to feed the demand of Toronto Home Shoppers and we will continue to see Bidding Wars.  

Ready to get started?  Teaching your child to ride their bicycle inside the underground parking garage or in the hallway is not the same as being on the street in front of your own home.

Give me a call. I'll help you pick the street.