TREB Report July 2018
Real Estate Academy designation ASA
Frances Zuccarini, President/Broker of Record of For Sale Real Estate Information Inc., Brokerage, have received the Real Estate Academy designation ASA, which stands for Accredited Senior Agent. For mature buyers and sellers, there are special needs inclusive of needing knowledge of taxation and estate regulations. “I am patient, I work with the individuals and the family to always…
Samsung Smart Home
You’ve heard of smart phones, but what about smart homes? With the goal of simplifying the lives of overworked professionals, Samsung came up with the Smart Home. They have conceptualized and created an integrated system where your electronics and appliances talk to each other. This means that you can easily program or prompt, via voice…
December’s Resale Housing Market Recap
By: Tim Syrianos, TREB President The December Housing Market figures have been released by TREB. The figures show that there were 92,394 sales through TREB’s MLS® System in 2017, which is down 18.3 per cent compared to the record set in 2016. Record sales in Q1 were followed by a decline in Q2 and Q3…
Catch a Jitterbug at the Flaming Star Festival
If you’re looking for something to do this Friday evening, Elvis Presley fans won’t want to miss the Flaming Star Festival at the Crowne Plaza Toronto Airport Hotel this Friday, October 13th. The festival is a 3-day long competition consisting of 30 Elvis tribute artists competing to be one of three crowning champions. Paying tribute to…
Message from Frances Zuccarini
Should the Fair Housing Plan do more to address supply? Ontario’s Fair Housing Plan includes targeted measures to quell impacts from foreign buyers, but some real estate critics argue that more efforts should have been made to address supply and demand issues. “It’s hard to believe a small percentage of buyers are responsible for the…
HOW MAJOR RENOVATIONS CAN AFFECT YOUR HOME INSURANCE POLICY
Conducting renovations on your home could change the value of your property. You’ll want to make sure the upgrades you make are still covered in case of damage and that you obtain the necessary permits and policies to ensure coverage during the construction period. If you’re planning a major home remodelling project, here are a…
BALANCED MARKET RETURNING TO GTA
A total of 6,357 resale transactions were recorded in the GTA in August, down by 34.8% versus the 9,748 units sold in August 2016. This brought year-to-date (January thru August) sales to 67,357 units, down by 15.5% versus the record-setting pace of last year. That said, this year’s year-to-date volume is higher than any other…
CHOOSING BETWEEN A FIXED RATE AND VARIABLE RATE MORTGAGE
The recent interest rate hike by the Bank of Canada could have new homeowners questioning the advantages of fixed rate mortgages versus variable rate mortgages. Each has its pros and cons, depending on your financial goals and tolerance for risk. Here’s the difference between a fixed rate and variable rate mortgage and how to…
Message from Frances Zuccarini…
Despite cooling, housing market still favours sellers While the new Ontario Fair Housing Plan, which includes a foreign homebuyer’s tax and universal rent control, has contributed to a slowing down of the province’s red-hot housing market, most real estate observers predict that the cooling won’t last for long. Despite the surge in listings in recent…