Do you know that despite Financial Pundits are predicting worse, Real estate market is holding steady and First Time buyers keeping market upbeat. The real estate market is clearly on its way back. The market has turned and that better times are on the way.
Let me give you some important information that making waves in Real Estate Industries.
Bank of Canada holds interest rates steady
The Bank indicated that economic and inflation outlooks are better than what they predicted before. The Bank acknowledged significant improvements in financial conditions and commodity prices, and modest recoveries for consumer and business. However, it expressed concern that these positive economic factors could be fully offset if “unprecedentedly rapid rise in the Canadian dollar proves persistent.”
The Bank of Canada has also helped to juice the market. By holding interest rates lower to stimulate economic growth, the central bank has cleared the way for mortgage rates that remain at historically cheap levels even after recent increases.
The Bank also reiterated its pledge to hold interest rates at current levels until the end of the second quarter of 2010, conditional on its inflation outlook.Resale housing market continues to recover in April. Figures released by real estate boards around the country are showing a positive upward trend in sales driven by improved affordability and less uncertainty about the future.
In the midst of recession, the average national price of Canadian real estate hit a record level in May, and sales activity increased for the fourth consecutive month
“REALTORS® know that several factors have led to this market situation,” says Regina, President of The Canadian Real Estate Association.
1. Price adjustments in some markets have helped affordability.
2. Lenders do have money for people and properties that qualify, although some are being more stringent.
3. Consumer confidence, which has risen in the housing market through the Spring.
4. Sellers have realized that realistic pricing is key, and that is very much driven by local factors. “Homes are only worth what a buyer is willing to pay.”
Home sales forecast revised
Ontario had a record-breaking number of resale homes sold in May. Greater Toronto Realtors reported 9,589 sales in May which is almost 2% up from May 2008 – the first annual increase since December 2007.
“The resale housing market in the GTA has remained resilient in the face of challenging times globally, Many home buyers have taken advantage of extremely low mortgage rates.” according to Toronto Real Estate Board President Maureen O’Neill.
“Monthly resale housing activity improved as the first quarter progressed, entering the second quarter on a rising trend and closing in on levels last seen before it fell sharply late last year,” said CREA Chief Economist Gregory Klump. “It will take time for housing inventories to be drawn down enough to put new home construction on a stronger footing, but the balance between resale housing supply and demand is improving in a number of major markets. The national average price has begun to rebound from the recent low reached in January, and is forecast to begin rising modestly above year-ago levels in the fourth quarter of 2009.”
Economic impact of home sales
The resale housing industry in Canada generated more than 202,000 jobs and an average of $22.3 billion annually in various economic spinoffs in the period from 2006 and 2008, according to a study prepared for The Canadian Real Estate Association by Altus Clayton.
“Purchases and sales of homes trigger additional expenditures that have broad economic impacts,” said CREA Chief Economist Gregory Klump. “Job creation is also a major factor of the sale of a home.
The 2008 national MLS® report from The Canadian Real Estate Association says there were 462,734 residential properties sold through the Multiple Listing Service® last year.
Harmonization of GST and sales tax.
The provincial government has announced that it intends to combine the eight percent Provincial Sales Tax with the five percent federal Goods and Services Tax, creating a 13 percent Harmonized Sales Tax (HST).
• The HST is NOT YET IN EFFECT. The provincial government has indicated that it intends to bring the HST into effect beginning on July 1, 2010.
• HST will not apply on the purchase price of re-sale homes.
• HST would apply to services such as moving cost, legal fees, home inspection fees, and REALTOR® commissions.
Call or email me for info on HST(Harmonized Sales Tax) and other Real estate information
Thursday, June 25, 2009
Thursday, May 7, 2009
My Children
Like any other parents , I am obsessesive about my children. When they were young ,I used to think they are so cute ,innocent and angle....their learning process used to be a great attraction for me. Their talking, crying used to be like a music to my ear....
Now they are young adult ..and you know what ...they have added few more qualities while they were growing , they have become considerate , beautiful , intelligent ... wow..!! I luv their new avtar. I can say the same thing that their talking, fighting ,argument with me is still like a music to my ear....
When I am spending time with them , I feel that thoes time are the precious time for me.
Soon my children will be adult and thoes precious time will be fewer...but I will have no regrets in my life as I have seen them growing, educating now as every parents I will see them successful.
I know , I am one of thoes obessessive parents ....what's the heck...i luv it..
Now they are young adult ..and you know what ...they have added few more qualities while they were growing , they have become considerate , beautiful , intelligent ... wow..!! I luv their new avtar. I can say the same thing that their talking, fighting ,argument with me is still like a music to my ear....
When I am spending time with them , I feel that thoes time are the precious time for me.
Soon my children will be adult and thoes precious time will be fewer...but I will have no regrets in my life as I have seen them growing, educating now as every parents I will see them successful.
I know , I am one of thoes obessessive parents ....what's the heck...i luv it..
SEASONS OF REAL ESTATE
Toronto Real Estate Board president Maureen O’Neill reflexion “Seasons of Real Estate “
Spring : Many families are motivated to sell during the spring so that their move coincides with the end of the school year. Others are simply motivated by every spring’s promise of a fresh start. Properties also show well at this time of the year, as homeowners are able to extend their fix-ups to the outdoors. Sales volumes typically peak during the spring months. Activity in recent years has ranged from approximately 6,600 to 11,000 transactions per month between March and May. This time of the year often demands quick decision-making
Summer : Summer activity in the Toronto real estate market has been comparable to spring sales volumes in recent years. Between June and August approximately 6,300 to 10,000 homes changed hands each month.
Autumn : This autumn, there are 30% more properties available for sale on the Toronto MLS system than there were a year ago. This further demonstrates that in the GTA, homeowners have begun to view, and we can say that, the Toronto real estate market as a year-round business. For buyers, increased listing inventory means more choice and more time for decision-making. Sales have ranged in recent years from approximately 6,200 to 7,900 transactions per month between September and November.
Winter : Lucky season for Buyers : While activity in the Toronto real estate market typically moderates during the winter months, that doesn’t necessarily mean it is an inopportune time to sell.
Just for the record As the winter months approach, activity moderates. Between December and February activity in recent years has ranged from approximately 4,100 to 6,700 transactions per month. This can be good news for buyers who have the opportunity to achieve an attractive purchase price from motivated sellers. For sellers though, there is also a bright spot. Fruitless showings are not the norm, as potential buyers who are looking at this time of the year tend to be serious about purchasing a property.
Regardless of the time of year that you decide to sell, consulting a Toronto real estate agent is key to a successful transaction. In addition to offering advice to help your home look its best, your Realtor will help you determine an appropriate listing price to achieve a brisk and profitable transaction.
Spring : Many families are motivated to sell during the spring so that their move coincides with the end of the school year. Others are simply motivated by every spring’s promise of a fresh start. Properties also show well at this time of the year, as homeowners are able to extend their fix-ups to the outdoors. Sales volumes typically peak during the spring months. Activity in recent years has ranged from approximately 6,600 to 11,000 transactions per month between March and May. This time of the year often demands quick decision-making
Summer : Summer activity in the Toronto real estate market has been comparable to spring sales volumes in recent years. Between June and August approximately 6,300 to 10,000 homes changed hands each month.
Autumn : This autumn, there are 30% more properties available for sale on the Toronto MLS system than there were a year ago. This further demonstrates that in the GTA, homeowners have begun to view, and we can say that, the Toronto real estate market as a year-round business. For buyers, increased listing inventory means more choice and more time for decision-making. Sales have ranged in recent years from approximately 6,200 to 7,900 transactions per month between September and November.
Winter : Lucky season for Buyers : While activity in the Toronto real estate market typically moderates during the winter months, that doesn’t necessarily mean it is an inopportune time to sell.
Just for the record As the winter months approach, activity moderates. Between December and February activity in recent years has ranged from approximately 4,100 to 6,700 transactions per month. This can be good news for buyers who have the opportunity to achieve an attractive purchase price from motivated sellers. For sellers though, there is also a bright spot. Fruitless showings are not the norm, as potential buyers who are looking at this time of the year tend to be serious about purchasing a property.
Regardless of the time of year that you decide to sell, consulting a Toronto real estate agent is key to a successful transaction. In addition to offering advice to help your home look its best, your Realtor will help you determine an appropriate listing price to achieve a brisk and profitable transaction.
WHY SELL WITH ME..?
As I said in last month's letter, the business of real estate demands that one differentiate oneself from the competition. That is, and has been, my primary goal since I decided to enter this profession. Here are a few more ways in which I serve you more effectively than anyone else.
The following is a list of my Marketing Tools that will sale your home faster than any other listing in the market:
1. Home Warranty – This most effective and powerful programme that protects buyer from post –closing situation in the event of appliances, electrical, plumbing or other mal- function, which do not covered under the normal Home Insurance. This programme will give buyers confidence that if they encounter costly repairs or replacement they are PROTECTED. For Seller , it will be a PEACE OF MIND after the transaction closed.
2. Brick Preferred Pricing – With this valuable Discount certificate Buyer will receive contractor price on : Furniture, Appliances, and accessories upon closing of the sale
Most people spend thousand of dollars in furnishing a new home, this programme will save them possible thousand of dollars.
3. Homelife $10000 in Gas or $10000 in Cash Sweep stack
4. Gold Reward Point
5. Open Houses
6. Flyers
7. Targeted Advertising
With interest rates lower than they've been in 25 years, many of people are thinking of buying. With this in mind, you may wonder what your current home is worth. Let me help you by sending you a free computer printout of what is for sale and what has sold in your neighbourhood. No obligation.
Please set up an appointment so we can go over the Comparable Market Analysis that I have prepared from the research I did about your home so you will have a very good understanding about market condition and what price range you should be thinking about listing your home at.
I hope you know that I truly have your best interests at heart and simply want to do all I can to achieve the best possible sale for you!
The following is a list of my Marketing Tools that will sale your home faster than any other listing in the market:
1. Home Warranty – This most effective and powerful programme that protects buyer from post –closing situation in the event of appliances, electrical, plumbing or other mal- function, which do not covered under the normal Home Insurance. This programme will give buyers confidence that if they encounter costly repairs or replacement they are PROTECTED. For Seller , it will be a PEACE OF MIND after the transaction closed.
2. Brick Preferred Pricing – With this valuable Discount certificate Buyer will receive contractor price on : Furniture, Appliances, and accessories upon closing of the sale
Most people spend thousand of dollars in furnishing a new home, this programme will save them possible thousand of dollars.
3. Homelife $10000 in Gas or $10000 in Cash Sweep stack
4. Gold Reward Point
5. Open Houses
6. Flyers
7. Targeted Advertising
With interest rates lower than they've been in 25 years, many of people are thinking of buying. With this in mind, you may wonder what your current home is worth. Let me help you by sending you a free computer printout of what is for sale and what has sold in your neighbourhood. No obligation.
Please set up an appointment so we can go over the Comparable Market Analysis that I have prepared from the research I did about your home so you will have a very good understanding about market condition and what price range you should be thinking about listing your home at.
I hope you know that I truly have your best interests at heart and simply want to do all I can to achieve the best possible sale for you!
WHY BUY WITH ME..?
I want to show that Buying a new home is an exciting venture. I hope that you will consider me a valuable asset to find you the perfect home in the right neighbour-hood.
My Higher Standard Service Plan for the Buying process !
Let me show you step- by-step process, and how I will make it a painless and worry free experience.
Step 1: Qualifying – This is the 1st most important step. Pre –qualifying you for Mortgage Financing will let us know the affordability and price range of the properties we should be looking at and further , define your needs requirement.
Step 2: Buyer Agency Agreement – This is a agreement between you and my company that you are hiring me to represent you. . You will be my client and I will be working at your best interest. I will be totally committed to your house searching needs.
Step 3: Showing of Properties – After understanding all criteria that you looking into a home and according to your life style I will start showing you the houses. Sometime We have to see many properties before you decide on one, sometime, you might like more than one properties and from that we will shortlist one which is the best. Sometimes it happens that you might like the 1st house you see.
Step 4: Deciding On a Home and Its Purchase Price - Once we find the home you like. I will do my research on the history of the house such age of house, selling history, requirement of home inspection, preparing Competitive Market Analysis to understand the market value of this property.
Once we analyse everything pertaining to this property we will have detailed information to base starting price.
Step 5: Preparing An Agreement and Negotiation – After deciding on the Purchase price, completion date and deposit, I will prepare an agreement to present I will play a major role in negotiating the Best possible Price and Terms most beneficial to your needs. Your interests are my interest!
There are 4 options with the Agreement, That Seller can………
· accept it “as is”
· reject it “as is”
· make changes and counter the agreement
· may accept another agreement
Step 6: Acceptance of agreement – Once both parties agrees on price, terms and conditions of the agreement, we have an accepted agreement. My main concern during this period will to ensure a worry –free sale for you by personally looking after, to setting up appointment for inspection, assisting with the mortgage details, arranging for waiver(s) to be signed and delivered, fax copy of agreement of purchase and sales to your lawyer, delivered deposit cheque to Listing brokerage.
Step 7: Closing – Congratulation ! Welcome to your Dream home.
Step 8: Post-Closing (*Most Important for me*) – Unlike other Salesperson, I do not leave you high and dry after the sale. I aim to build a long lasting relationship with all my clients by ensuring an open door policy where you can contact me at any time with questions and concerns.
So my friend lets start working on this project, together we will make your Dream home become a reality!
My Higher Standard Service Plan for the Buying process !
Let me show you step- by-step process, and how I will make it a painless and worry free experience.
Step 1: Qualifying – This is the 1st most important step. Pre –qualifying you for Mortgage Financing will let us know the affordability and price range of the properties we should be looking at and further , define your needs requirement.
Step 2: Buyer Agency Agreement – This is a agreement between you and my company that you are hiring me to represent you. . You will be my client and I will be working at your best interest. I will be totally committed to your house searching needs.
Step 3: Showing of Properties – After understanding all criteria that you looking into a home and according to your life style I will start showing you the houses. Sometime We have to see many properties before you decide on one, sometime, you might like more than one properties and from that we will shortlist one which is the best. Sometimes it happens that you might like the 1st house you see.
Step 4: Deciding On a Home and Its Purchase Price - Once we find the home you like. I will do my research on the history of the house such age of house, selling history, requirement of home inspection, preparing Competitive Market Analysis to understand the market value of this property.
Once we analyse everything pertaining to this property we will have detailed information to base starting price.
Step 5: Preparing An Agreement and Negotiation – After deciding on the Purchase price, completion date and deposit, I will prepare an agreement to present I will play a major role in negotiating the Best possible Price and Terms most beneficial to your needs. Your interests are my interest!
There are 4 options with the Agreement, That Seller can………
· accept it “as is”
· reject it “as is”
· make changes and counter the agreement
· may accept another agreement
Step 6: Acceptance of agreement – Once both parties agrees on price, terms and conditions of the agreement, we have an accepted agreement. My main concern during this period will to ensure a worry –free sale for you by personally looking after, to setting up appointment for inspection, assisting with the mortgage details, arranging for waiver(s) to be signed and delivered, fax copy of agreement of purchase and sales to your lawyer, delivered deposit cheque to Listing brokerage.
Step 7: Closing – Congratulation ! Welcome to your Dream home.
Step 8: Post-Closing (*Most Important for me*) – Unlike other Salesperson, I do not leave you high and dry after the sale. I aim to build a long lasting relationship with all my clients by ensuring an open door policy where you can contact me at any time with questions and concerns.
So my friend lets start working on this project, together we will make your Dream home become a reality!
Young Generation
I didnt get a chance to enjoy my childhood or my young age, bcoz of so many reason such as strict parents, early marrige. So I dont know how to be young or careless. All I know how to be resposible and hard working.I dont even know how to relax. I have worked, one can say hard work all my life.
Today when I see young generation relax, enjoying their life ..I just love them. They are so full of life,they have not a care in the life ..young has to be like this.
I love to deal with young people, I like their ideas towords life, their easy way to find solution.
Today when I see young generation relax, enjoying their life ..I just love them. They are so full of life,they have not a care in the life ..young has to be like this.
I love to deal with young people, I like their ideas towords life, their easy way to find solution.
Saturday, January 17, 2009
Earth
Life brings so many miseries, confusion and ofcourse small amount of happiness. Sometimes one wonder how one can survive at this ups and down. Human tries hard to get that sunshine we called it Happiness. spend all their life for betterment , work hard to improve earth, struggle hard to survive in this universe, just wondering if we are successful at it.
Yes we are successful for sure. How . If we compare from Ice age to this 21st centuries modern era..amazing discoveries has made life much more comfortable, I think we are more nearer to God then any time before, otherwise how it is possible for human to make this earth amazingly beautiful that if there is a life on any other planet, they must be envy by earth( is it boasting ..may be )
Yes we are successful for sure. How . If we compare from Ice age to this 21st centuries modern era..amazing discoveries has made life much more comfortable, I think we are more nearer to God then any time before, otherwise how it is possible for human to make this earth amazingly beautiful that if there is a life on any other planet, they must be envy by earth( is it boasting ..may be )
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