Tag Archives: office listings

Cool Reception to Spring Market

The Toronto Real Estate Board (TREB) confirmed that both the number of home sales and the prices of sold homes plunged in March, as compared to results from one year earlier.

The average home price dropped from $915,126 in March 2017 to $784,558 this past March, while the number of sales dropped to 7,228, a 39.5 percent year-over-year decline from the March 2017 record of 11,954 residential transactions. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types.

TREB President Tim Syrianos explains, “The effects of the Fair Housing Plan, the new OSFI-mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold.”

Jason Mercer, TREB’s Director of Market Analysis, adds, “Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings.”

Is it the right time for you to buy or sell? Please call today for the latest market activity in your specific area of interest.

OPEN HOUSE CANCELLED…Home Sold

Welcome to 128 Allworth Cres in Bowmanville.  Bright, open-concept 4 Bedroom Family home with stylish curb appeal, just minutes from the 401/407 in the historic town of Bowmanville. Ideal for  commuting and enjoying small-town living.  Home Features:  Crown Moulding , 9′ Ceilings and Hardwood flooring on the Main floor.  Family room with gas fireplace that will not cramp your style. Family sized Open Concept Eat-in Kitchen with Breakfast Bar, Built-in Dishwasher, upgraded cabinets and walk-out to yard. Spacious dining/living room with Gleaming hardwood floors.  Large master bedroom with 4pc ensuite including Glass Shower and Soaker Tub plus W/I closet. Secure family neighborhood that is walking distance to newer schools, parks, shopping and public transit. Just Listed for $550,000. #cbrmr

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Selling? Low-Cost Home Improvement Fixes that Make Your Home Shine

When selling a home, even tiny fixes can have a big impact. Fortunately many fixes can be done quickly and with a small budget.

Here are 10 of the best low- (or no-) cost home improvement fixes to make your house stand above the competition:

1. Address the Heart of the Home
In real estate, the kitchen is a main selling feature and can be a make or break deal for potential home buyers. If a new kitchen just isn’t in the cards, consider replacing smaller ticket items and de-cluttering. Low- and no-cost fixes for the kitchen include:

New cabinet hardware
New faucets
Installing a new backsplash
Storing countertop appliances to create more work space
Replacing dark valances with lighter fabric or removing them altogether

2. Update Switch Plate Covers
Switch plate and outlet covers are brittle, and can crack and yellow over time, resulting in a home that, no matter how well updated, still looks dated. New outlets and covers can be replaced in a snap for generally under five dollars, making it one of the lowest cost updates available. Consider flat switches that create a modern, streamlined silhouette and stick to white for a timeless look.

3. Beautify the Bathroom
An updated bathroom comes only second to kitchens in a buyer’s list of must-haves, so showing them a clean and uncluttered bathroom will score points with any potential buyer.

New flooring can give an otherwise tired bathroom a much needed facelift and create a newer looking bathroom overall. Coordinating linens, a new shower curtain, and thoroughly cleaned grout can top off this easy home improvement investment.

4. Address Storage
Storage is always a concern for buyers. Installing low-cost closet organizers to your existing space will increase storage and organization in your home. Add storage baskets to hide clutter and you will have beautiful storage spaces that will make any buyer envious.

5. Deep Clean for a Good Return
If your home contains wall to wall carpeting, clean carpets can make a world of difference to a buyer. Cleaning carpets can easily be completed in a weekend with a rental cleaning machine, and it creates a noticeably clean, odor free environment for buyers to tour.

6. Boost Curb Appeal
Nothing boosts curb appeal like a tidy yard. Trim and edge walkways, weed gardens, and trim shrubs for maximum impact. If you have a porch, consider potted, seasonal plants to bring the look together.

7. Improve the First Impression
As buyers approach your home, first impressions matter. Ensuring your entryway is clean and inviting with something as simple as a new mailbox or updated house numbers will make buyers feel welcome. Clean windows and doors for extra impact.

8. Add a Coat of Paint
Freshening up your living space with neutral colors will invite buyers to imagine their belongings in your home and will cover up any nicks, scratches, or dents your wall incurred over years of daily living.

9. Update Lighting
While not the lowest cost solution on our list, you will find that a new light fixture or two really breathes new life into key living spaces. If your budget is tight, look to kitchen, dining, and living rooms for the most bang for your buck.

10. Add Some Decor Pizzazz
Finally, a fresh look can be completed with nothing more than some colorful fabric. Inexpensive pillows and throws in a coordinating palette through your home will create a unified look that will have buyers hooked. #cbrmr

59 Aspen Park Way. Whitby

SEE IT AND FALL IN LOVE!

$475,000

Open house March 24  & 25. 2 pm – 4 pm

Upgraded home from top to bottom. Nothing to do, but move on in. Stylish kitchen with gas stove, hardwood floors, backsplash, and breakfast bar. Bright and Spacious Open concept living and Dining room, each with Gleaming Hardwood Floors, designer paint colors and Pot lights. Master Suite has walk-in closet and Updated Ensuite. Large and bright finished basement that walks-out to your private yard that perfect for entertaining. Located Conveniently for commuting. $475,000.

 

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433 Ritson Rd. N. Oshawa

Exceptionally Good Value!

$375,000

Open House March 24th & 25th  2 pm-4 pm,

Plant your roots here. Live your dream in this 2 bedroom detached home with formal dining room, living room walk-out to patio, custom designed kitchen with SS appliances, granite counter, under cabinet lighting, pot lights and subway tiles. Added features include a terrific finished basement with wet bar & R/I for future bath, pot lights, utility/laundry room, plus modern main floor bathroom with glass shower doors, and all this within minutes of shopping. Spoil yourself. $375,000.

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Chill Continues Throughout Market

The Toronto Real Estate Board (TREB) announced a drop in sales of almost 35 percent in February, as the average selling price fell more than 12 percent to $767,818.

Although there were more than 7 percent more new listings entered into TREB’s MLS® System in February 2018 over the same month in 2017, TREB President Tim Syrianos reported just 5,175 residential transactions in February 2018, compared to the record 7,955 sales reported in February 2017.

“When TREB released its Outlook for 2018, the forecast anticipated a slow start to the year compared to the historically high sales count reported in the winter and early spring of 2017. Prospective home buyers are still coming to terms with the psychological impact of the Fair Housing Plan, and some have also had to re-evaluate their plans due to the new OFSI-mandated mortgage stress test guidelines and generally higher borrowing costs,” said Mr.Syrianos.

Price-wise, the apartment and townhouse market segments has annual benchmark price increases of 18.8 percent and 7.5 percent respectively, helping to support the TREB market area as a whole. In fact, Jason Mercer, TREB’s Director of Market Analysis, adds he expects stronger price growth to continue in the comparatively more affordable townhouse and condominium apartment segments.

Are you thinking of making a move this year? Please call today for the latest local market update and for assistance in navigating today’s ever-changing real estate market. #cbrmr

Say “Bye” Before “Buy”

Moving homes is not only emotionally taxing, but the physical task of hauling all your belongings from one place to another is just downright exhuasting. Have a look at the following decluttering directions, whether you’re thinking of making a move soon, or simply want to get a jump of your spring-cleaning.

Recognize that going through your belongings and sorting them into “keep” versus “sell/donate/toss” piles always takes longer than you think it will. If you’re planning to sell items, whether via a garage sale or online, you’ll also need to give yourself time to not only set the items aside and price them properly, but (if selling online) coordinate pickups and deliveries too. Even if you’re planning to donate much of your extra furniture and belongings, some charities require a week or two notice to schedule pickups.

Besides items that won’t fit into your new place or that you simply won’t need in your new home, what else probably isn’t worth making the effort to move?

Consider your major appliances — your washer, dryer, fridge, stove and dishwasher. How old are they? Appliances are big, heavy and awkward to move, and may not be worth the cost to move if they’ve already given you a number of years of service. New appliances that can be delivered directly to your new home by the retailer make for an easier move and, with most of today’s models built to more energy efficient standards, you can probably justify the immediate upfront cost of new appliances with a future of lower long-term operating costs.

Furniture is also a major moving concern, so before you base the size of your moving truck on every last stick of it, have a good look around to contemplate what’s really worth brining with you. Many households still have their “starter” furniture floating around. While your older furniture may have some sentimental value, you may want to weigh in objectively about its remaining life, and in fact if it might even be worse for wear at the end of your move. The same goes for well-used furniture that blends with your current surroundings, but may look shabby or out of place in your new environment.

Take everything out of your closet, set aside the clothes and footwear you use the most, then purge or donate the items that either don’t fit anymore or that you simply don’t wear. The same goes for children’s toys that they’ve outgrown or don’t play with anymore. It’s not an easy task — it’s difficult getting rid of “pretty good” stuff — but by donating it you should feel good that somebody, somewhere, is going to liberate those items from a dark closet to enjoy and appreciate!

The benefits of downsizing your belongings are many, from simply having less to move — and therefore less to have to pay movers to move — to getting extra cash in your pocket to buy new things for your new place, to an emotional lightening of the pressures of moving! #cbrmr

Household Tip: Cleaning with Condiments

KETCHUP: Rub ketchup on your copper pots to make them gleam again; it’s acidity helps dissolve tarnish and stubborn spots.

MUSTARD: Mustard powder can actually be used as a deodorizer in containers that have acquired a smell from its previous contents, or pans that have cooked strong-smelling meals such as curry. To get the smell out, mix mustard powder and hot water together in the container, let it sit for half an hour, then wash out as usual.

MAYONNAISE: Use mayonnaise to rub unsightly water marks out of wooden furniture, and to remove sticky adhesives and glue from glass. Bring the shine back to large-leafed houseplants by wiping leaves with a mild soap and water mixture first, then using a paper towel to rub a dab of mayo into the tops of leaves.

VINEGAR: Vinegar has a huge cleaning capacity, from windows to floors, to getting stains off shower doors and disinfecting your cutting boards. Consider mixing vinegar with lemon juice to cut the pungent smell. $cbrmr

Chilly Start to the New Year

Toronto’s real estate market received a cool reception in January, with an overall drop in sales and prices compared to the same month last year. The popularity of condos in the city, however, took some of the sting out of the overall price decline.

The Toronto Real Estate Board (TREB) reported a 4.1 percent year-over-year decrease in the average price for a Toronto home, to $736,783, as the number of sales fell 22 percent from last year’s record-setting pace. The average price of a detached home dropped 9.1 percent compared to January 2017, while the average price of condos — despite a drop in the number of sales — increased by 14.6 percent.

“It is not surprising that home prices in some market segments were flat to down in January compared to last year. At this time last year, we were in the midst of a housing price spike driven by exceptionally low inventory in the marketplace. It is likely that market conditions will support a return to positive price growth for many home types in the second half of 2018. The condominium apartment segment will be the driver of this price growth,” suggested Jason Mercer, TREB’s Director of Market Analysis.

The market will continue to evolve as buyers adjust to the new, tougher mortgage guidelines, and as we fully enter the busiest time of the real estate season. Please call today for the latest local market updates! #cbrmr

A Perfect Place to call HOME

35 Point Hope Place, Whitby

$550,000

Open House February 17 and 18,  2-4 pm

Give your lifestyle a boost! Care free and convenient living, in Gorgeous Whitby Shores. This 3 bedroom, 4 bath townhouse, will meet your highest expectations: Open Concept, Hardwood Floors thru-out, a cozy fireplace in Family Room, finished basement with extra bedroom and bath. Home features California Shutters thru-out, new Shingles and garage doors in 2017 plus a roomy 2-car garage and great outdoor space with, your own deck and Balcony. Great finishing touches include Crown Moulding and freshly painted in neutral tones throughout. Convenient location that close to Whitby Go Train station, transit, walking trails/parks, marina, shopping and fantastic restaurants.

 

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