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Toronto, ON

Toronto Housing Market Astounds Everyone

12-04-09
David Pylyp
David Pylyp: Real Estate Agent in Etobicoke, ON
December 3, 2009 -- Greater Toronto REALTORS® reported 7,446 sales in November – slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn. Year-to-date sales were up 14 per cent compared to the first 11 months of 2008.
“This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006,” said Toronto Real Estate Board President Tom Lebour. “Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter.”
The average price for November transactions was up 14 per cent year-over-year to $418,460. The average price year-to-date was up four per cent to $394,464.
“Very strong annual growth rates for sales and average price should be expected through the first quarter of 2010, because we will be comparing the current recovery to the housing market decline experienced last winter,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis. “As we move into the spring, growth rates will move to more sustainable levels.”
We expected November would be near 8,000 sales. November 2009 ended up being the highest November in history for number of sales reported to TREB with 7,435 sales.
The Sellers Market continues with inventory levels are continuing to fall. (Fewer Homes for Sale) As of November 30th there were only 13,344 homes for sale. To put things into perspective, compared to 2007 which was a “hot” market, we had slightly more sales this November but currently there are 27% fewer homes for sale vs. November 2007 (18,309). Lets forget last years gutt renching price ride. Those who jumped while others held their breath made 20%.


Look again at the graph above. Seasonally adjusted hmes for sale really drop off in December. The next few weeks are when many sellers traditionally put off plans to list their homes until after the holidays. There is still a strong pent-up supply of HOT buyers right now and in many cases, they are competing over a supply of homes that is dropping everyday. Right now is probably the best time possible for anyone to list their home.

Habitat for Humanity Toronto's Gingerbread Houses

12-02-09
Emer S
Emer S: Business Broker in Toronto, ON

Gingerbread House Build!


This weekend (December 5th and 6th) Habitat for Humanity Toronto is hosting a gingerbread house build to help give Toronto families a Hand Up, not a Hand Out.

You can purchase a kit on the Toronto Habitat for Humanity website. These kits can either be picked up for you to enjoy at home, or you can book a time to decorate at the Delta Chelsea Hotel. If you don't have time to decoate one yourself, why not look into their eBay auction of Celebrity Gingerbread Homes.

Habitat for Humanity is a cause we at casaGURU strongly support. Through casaGURU Cares, with every free registration to casaGURU.com, we make a donation to the closest Habitat for Humanity affiliate. Plus, I'll be out doing my part by decorating some gingerbread this weekend :)

"Home Seller's Guide: Energy Efficient Upgrades that Pay" (Free Download)

12-02-09
Emer S
Emer S: Business Broker in Toronto, ON

Download this PDF e-book from casaGURU.com. It's the "Home Seller's Guide: Energy Efficient Upgrades that Pay" as seen on Canada AM. Get expert tips on energy efficiency, how to save on energy audits plus rebates on energy efficient upgrades.

As featured on Canada AM, download your free copy of the "Home Seller's Guide: Energy Efficient Upgrades that Pay".

It is filled with tips from energy, renovation and real estate gurus you can find on casaGURU.com plus lots of money saving rebates for Winter Home Maintenance and Energy Efficient Upgrades.

Click to Download (PDF)

free-pdf-download-energy-efficien-upgrades-that-pay-casaguru

Naughty words in Ads and Banned Advertisers

12-02-09
David Pylyp
David Pylyp: Real Estate Agent in Etobicoke, ON

This caught my eye recently about a Realtor's plight in being banned from a number of local publications and boards for his "creative and descriptive" use of the English language.

Jules Bending of the Real Ralph Bending, an estate agent in Glastonbury, has been banned from advertising in a local paper and taken down from property websites Rightmove and Primelocation.comfor an unconventional approach to marketing properties. Here are some examples of his style:

• "Lease available for what can only be described as a prime piece of retail crumpet."

• "Three bedroom former school house with everything except the randy old teacher and fag butts down the loo."

• "Cheap but not particularly cheerful ground floor apartment."

• "Characterful as a vegetarian's fart, this Victorian beauty hums to the rhythm of a well soaked mung bean."

It may not be to everyone's taste and there's a touch of innuendo, but how offensive is it? It's not obscene, racist or classist; it doesn't attack people with disabilities. And none of it contravenes the Property Misdescriptions Act - claiming a tenant could "stare out of the window at Morrisons superstore in sheer delight" is a matter of fact. Well, maybe not the delight part.

Rightmove says Bending's listings on its site were removed after "public complaints", although it's a bit confused over the nature and number of them, as well as what sort of appeal Bending was offered against the decision. Of course, these "members of the public" could be rival estate agents. Whoever they are, should they have the right to ban slightly colourful language in a world where bland is the norm?


Whether they are offensive or not is not for me to decide. They have their own council and standards. The point that strikes me is that a REALTOR's purpose is to fill your housing need. This does include getting your property noticed. Has this realtor been effective? Absolutely. Impact advertising does get noticed on Google. You can search for yourselves or click here.

Its not the common place event that gets you noticed; Remember Talk is cheap.
If you would like some help getting noticed Give me a call.

The Options When Purchasing Furniture: Hardwood or Softwood

Canadian Real Estate Insights: Real Estate Media in Toronto, ON

In cooperation with Lastdetail.ca, professional Home Staging Toronto company, we prepared another article about wooden furniture. This time we are going to desribe differences between hardwood and softwood furniture.

When it comes to wooden furniture, all of you are aware there are different types. But if you believe the hardness is the feature which distinguishes them, you are inaccurate. I believe most of you will suspect its slightly more complicated than that.

The names hardwood/softwood probably come from logging camps, where it used to be given to wood types dependent on their resistance to sawing. Balsa wood, although very soft, is categorized as a hardwood, this is an oddity rather than the rule.¨

The real variation is based on the reproduction of the trees. Angiosperm seeds, which are seeds with a shell or marrow cover create hardwood trees, whilst gymnosperm seeds, which have no covering, create softwood trees. Trees that are evergreen, they preserve their needles/leaves all through the year, are softwood, they also grow much faster than their hardwood counterparts. More than 80% of the world's timber generation comes from softwood trees, even though there many more variations of hardwood trees grown. Mahogany, walnut and ash are the typical trees thought of with hardwoods, while cedar, redwood and yew are the trees usally associated with softwoods.

Differences in the trees can be viewed in their microscopic structures. Softwood lacks the pores which enable water carriage in hardwoods. The dissimilarities between grade in both hardwoods and softwoods counts on this. Hardwood furniture is usually acknowledged to be of higher grade than softwood furniture. Its surface is more scratch repellent and since the furniture is weighty, it is solid and therefore lasts longer. Furniture made of hardwood is also more visually attractive due to its elaborate cell structure, which formulates various patterns on the surface and which are not as visible on softwood furniture.

Softwood does have benefits even with some of the negatives. Caring for the environment is important; as softwood trees grow faster forest reproduction is quicker. The majority of casual furniture is made of softwood due to this and the fact that the wood is more straightforward to prepare, which means the cost is kept down.

Softwood furniture requires greater care compared to hardwood due to the higher possibility of receiving scratches and structural damage during every day use. On the other hand, with some looking after, hardwood furniture can last for centuries. Did you think, that the seats in your church may have been there for hundreds of years - your great, great grandfather may have sat in the same spot as you.

Humidity is a wood's enemy, causing severe damage. altering humidity can led to swelling, shrinkage and damage in porous hardwood. This lead us to write an article, which will be published soon, about the correct care of wooden furniture, so it lasts as long as possible and still looks good.