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Archive for the 'Your Next Move … Up-Sizing / Down-Sizing' Category

James Metcalfe`s Toronto Real Estate Market Update August 2013

Total unit volume through the Toronto MLS® system in July was 8,544 – which represented a whopping 16% increase versus July 2012.This was the best July sales result since 2009 and was the third best July result on record. The strong sales performance can be attributed to the re-emergence of first-time buyers into the market. The average price of a GTA resale home in July was $513,246 – a healthy 8% increase versus the July 2012 average price of $475,523.

“Legally Speaking“ Reviews the SPIS (Seller Property Information Statements) as it pertains to risks.

“Personal Finances“  Reviews Mortgage Interest Tax Deductibility.

My take for August is we are in a Balanced … yet leaning to a Sellers Market in Toronto Centre.

…and a teaser from the ever popular “Pearls of Wisdom“ …  “Golf is a game in which you yell ‘fore’, shoot six, and write down five.”

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Summer….in www.OurHomeToronto.com

Summer has arrived in the city of Toronto! Make sure to take in some of the wonderful sites and sounds of the great neighbourhoods that that city has to offer. These are just a few highlights….get out and explore!
Come again and visit The Riverdale Farm 201 Winchester Street; Let your children play in the wading pool, let your dogs run free with the pack and meet lots of other dog folks, visit the Organic Farmers Market every Tuesday from 3:00 to 7:00 pm, take a snooze under a shady tree, see and smell the wonder of a Farm in the center of the City.
Cabbagetown is one of our rare Toronto neighbourhoods where you can walk to the high street and know the green grocer or butcher or the publican’s first name. Where merchants leave a water bowel and biscuits out for your four legged friends. Enjoy the Patio hospitality of F’Amelia or The House On Parliament’ new roof top oasis.
Cabbagetown Riverdale Park Childrens Wading Pool JRM 09,05,09
Cabbagetown … The Largest Grouping of Victorian Homes in North America!

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James Metcalfe’s June Real Estate Update

June has come and gone but the month’s real estate update proves that May was a great month for the resale value of  homes in the GTA. In May we saw a 5% increase in the price of a resale home versus May 2012. In fact, price growth occurred in all major market segments! And all this growth seems on track to meet the Toronto Real Estate Boards price growth forecast of 3.5% as a whole.

In this month’s update we feature 10 home improvement projects that add value to your home including:

  • Painting
  • Kitchen remodeling
  • Finishing unfinished space
  • Home office remodeling

Also, in our “Legally Speaking” segment we discuss the finer points of walking away from a house deal. This can be complicated so make sure to read carefully. We cover important points such as a buyer’s remorse period and who gets the deposit when buyers change their mind.

Featured this month are some of the highlights from the CAAMP (Canadian Association of Accredited Mortgage Professionals) survey as well as the ever popular “Pearls of Wisdom”

Metcalfe june from James Metcalfe

 

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SOLD: Luxurious Green Home In The Skyy… South, West, North & Lake Views

Suite 2301-1048 Broadview is a fabulous Home in the Skyy; 1911 sq ft SW corner suite – 2 split plan bedrooms, 3 baths, den, very large living-dining rooms with 85 ft of curved glass & gorgeous exotic “Kayu Kuku” hardwood floors; 9 ft loft-like ceilings, numerous kitchen upgrades with island, granite & designer cupboards, spacious master suite with motorized blinds,… this suite includes 2 panorama view balconies an owned prime parking space and locker. Only 3 suites like this one!  Visit www.OurHomeToronto.com for numerous great home and condo listings for sale or call me direct at 416-931-4161.

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James Metcalfe’s May Real Estate Update

May has been a busy month with some crazy weather. The housing market saw a slight decline in April and a slight rise in the average cost of housing. April saw a slight 2% decline in sales which may be a result of stricter mortgage lending guidelines. The average price of a resale home in the GTA in April was $526,335 which represented a 2% increase versus April 2012. This could mean that price growth in the back half of 2013 may be stronger than originally thought.

This month’s newsletter also features a brand new research tool that is now available to hone buyers. Available to every municipality in Canada, these new home history reports include information on local school rankings, local demographics and insurance claim records for the neighbourhood, among other things. They are published and sold by Teranet which covers land registration and title search services for the province of Ontario.

In this month’s Trendy Corner find out how to design a kitchen. Some of the major questions that you should be asking include: What are your general preferences? Do you need more than one sink? Do you prefer gas, electric or a combination? Do you need a pantry for extra storage? A kitchen can be an expensive and time consuming design process. This month’s kitchen checklist will help make those decisions a little bit easier.

As always our ever popular “Pearls of Wisdom” returns. Here is a preview: “If love is the answer, could you please rephrase the question.”- Lily Tomlin

James Metcalfe’s May Real Estate Update from James Metcalfe

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LEASED www.802-195StPatrick.com Exquisite

LEASEDwww.802-195StPatrick.com University and Dundas, 1485 sq ft, 2 Bed, 2 Bath, 1 Parking … One Park Lane … Large 2 Bedrooms with 2 Full Washrooms, 1 Parking, Fireplace, Ensuite Laundry, Pool, Gym, Concierge, Squash Courts, Visitors Parking, in Prime Location for University, Hospitals, Downtown, Queens Park. Walk to Transit, Shopping, Restaurants and Parks.

One Park Lane Jag Colour

Please Call Me at 416-931-4161 For Assistance with Buying or Selling

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