Friday, November 15, 2019 / by Zifan Gao
As the cold weather approaches, the market has started to slow down. The recently released TREB October Market Watch Report shows that the year-over-year growth was lower for October than for September. However, compared to October last year, this past month still saw another double-digit increase in the number of sales.
READ: Your Cottage Might Yield Better ROI than Your Home and Here is Why
From determining your buying or selling strategies, adjusting timelines, to setting up realistic expectations, and predicting investment outcomes, we’ve got you covered. We’ve summarized this month’s report into a bite-sized digest so that you can be better educated in Real Estate and the current market trends.
Home Sales increased by 14% year-over-year
For the 7th consecutive month, we’ve seen a double-digit increase in the number of sales. However, for the 3rd consecutive month, we’ve also seen a double-digit decrease in active listings. ...
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real estate tips, market updates, gta real estate, neighbourhood guide, toronto real estate, real estate market insight, real estate market trends, meetup, real estate event
Thursday, November 14, 2019 / by Zifan Gao
(Blog Article)
Neighbourhood Guide - Leslieville, Toronto
East End’s Hippest Neighbourhood
Referred to by the NY Times as the next Williamsburg, this hip urban neighbourhood is home to young, upper-middle-income singles and families. Initially home to various factories, the neighbourhood underwent rapid gentrification in the last 20 years and is now famously known as a brunch hot-spot.
From brickyards and nurseries
Leslieville began as a small village in the mid 19th century when George Leslie (after whom the community is named) moved to the area and opened the Toronto Nurseries, which became the largest horticulture business in the country. Most of Leslieville's residents were gardeners or employed at one of the brick-making factories in the area. Leslie's home at Queen and Leslie no longer exists but the general store that the family owned near Queen and Jones still remains.
Walker’s Paradise
With its quaint tree-lined streets, Leslieville is ...
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gta real estate, neighbourhood guide, toronto real estate
Wednesday, November 13, 2019 / by Zifan Gao
Do you consider your potential new neighbours when purchasing a property? Homebuyers tend to forget that when you buy a new property, you are also buying into a relationship with your neighbours that could be decades and decades-long. You want to factor that relationship into your purchasing decision and at least do some rudimentary research on any ongoing disputes between the current property owners and others. You also want to make sure that you don't end up being the 'nasty neighbour' yourself by making significant changes to your property without community approval.
Here’s Boiron Group's 2019 field guide to common neighbour nastiness:
1. 'Tree' Jerk Reactions:
According to professional mediator Jeanette Bicknell of Bicknell Mediation, more than half of the neighbour conflicts that she sees are tree-related. The desire to protect trees from being cut down or trimmed "makes people crazy" and sparks outrage in generally congenial neighbours.
2. A history of being ...
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real estate tips, market updates, toronto real estate, gta real estate, real estate market insight, real estate market trends, bnn bloomberg
Wednesday, November 13, 2019 / by Zifan Gao
Investing in a rental property often means doing a great deal of research and one very important aspect of the process is understanding how property is going to generate cash flow from rental operations. You can perform a simple cash flow calculation to illustrate the potential of rental Real Estate as an investment.
Here’s how it works: using a residential fourplex as an example, let’s assume that all four units are expected to be rented. Let’s also assume that the buyer did their research and the property was a decent deal - not exactly a steal but they also didn’t overpay.
Let’s start with the basic property and deal information:
Purchase price: $325,000
20% down payment: $65,000
Financed balance: $260,000.
Mortgage: 25 years at a 5-year fixed rate of 3.34 percent
Combined principal and interest payments: $1,276/month
Taxes and insurance (at the time of the purchase): $3600 a year
Total payment (mortgage ...
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real estate tips, market updates, gta real estate, real estate market insight, meetup
Friday, October 25, 2019 / by Zifan Gao
It's time to pack up the pumpkins and bring out the winter coats — November's here!
With the weather getting colder, moving houses might be the last thing on your mind but hear me out! There are clear advantages to purchasing a home when fewer people are looking. Turn to page 2 to find out why you might want to take advantage of the Real Estate low(er) season.
Know someone who is wanting to sell or buy a house? Then don't miss out on the chance to help both them and SickKids! A portion of the commission of every referral is donated to SickKids to help kids like Evelyn. You can read her inspiring story on page 3.
Don't let the chilly weather keep you home! Join us on November 25 at Black Lab Brewing — the food is on us! Grab a beer, make great connections or reconnect with old ones. Head to our Facebook page to RSVP.
Regards,
Claude Boiron
Broker
5 Reasons to Buy a House in the Winter
Have you ever wondered what is the best season to buy ...
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newsletter, gta real estate, toronto real estate, sickkids
