Toronto Condo Assignments

I am representing the future owner of a yet-to-be-built condo at the South Beach Condo project at Etobicoke / Humber Bay. Even though the suite will not be completed until next spring, they are looking to sell now.

How can they do that, if the suite is not yet theirs? Well, it is a bit complicated. They are selling their interest in the contract to purchase the suite from the builder. In real estate speak that is called and assignment.

Here is the details about their South Beach Condo Assignment.

This site gives you more information about Toronto Condo Assignments

Let me know if you are interested in this suite at South Beach Condo, or if there is another assignment you are interested in.

-Ralph
Etobicoke Real Estate

June market

August 5, 2010 -- Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002.
Sent on the TELUS Mobility network with BlackBerry

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Done deal! Coffee shop owners jump for joy! Moving business to 1349 Queen St. West

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What is this view worth to you?

Wow! What a view right into the Toronto Rogers Centre, from the 36^th floor of 5 Mariner Terrace!  Two bedrooms plus den suite.  Contact me for details.

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Etobicoke Real Estate Remains Strong

The Etobicoke and Toronto real estate market has been going strong since the start of the year. The number of properties now on the market is up sharply from earlier in the year and we have shifted from a sellers-market into the beginning of a balanced-market. Bank of Canada is widely expected to raise the overnight rate and in turn signal a rise in borrowing rates generally. Banks have already made upward adjustments in their mortgage rates. The Greek financial crisis may cause the Bank of Canada to defer this adjustment, or keep it to a very modest increase.

Here are the official comments from the Toronto Real Estate Board:

May 5, 2010 -- Greater Toronto REALTORS® reported 10,898 sales through the Multiple Listing Service® (MLS®) in April, representing a 34 per cent increase compared to April 2009. There were also 20,683 new listings in April – a 59 per cent annual increase. Both the sales and new listings results amounted to new records for the month of April under the current Toronto Real Estate Board (TREB) boundaries.


“The GTA resale market is functioning properly. Sales were high as buyers continued to take advantage of affordable home ownership opportunities. Listings grew as home owners reacted to strong sales and price growth,” said Toronto Real Estate Board President Tom Lebour. “More balanced market conditions will result in sustainable rates of annual price growth in the second half of 2010.”


The average price for April transactions was $437,600 – up 13 per cent compared to the average of $385,641 recorded in April 2009.

“Home sales continue to be driven by many different segments of the market, with sales growth for all major home types in both the City of Toronto and surrounding 905 regions,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home sales will remain strong in the second half of 2010, but will slip from the current record pace as borrowing costs rise.”

Here are all the charts... Click the chart to get a larger version.

Taking Virtual Tour Photos with Wayne Higgins

Wayne Higgins taking my property photos to produce a great virtual tour

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Kingsway Agent Open House

I was out visiting the agent open houses for newly listed homes today, including this traditional Etobicoke Kingsway home.

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Measure Twice Move Once

Preparing for a client move with Robert Szczypek of Two Men and a Truck

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Reader's Digest names RE/MAX 'Most Trusted Residential Real Estate Brand in Canada'

See http://tinyurl.com/remaxtrusted

Mississauga, ON (May 3, 2010) -- Dedication, skill, and professionalism earned RE/MAX realtors the designation of Most Trusted Residential REALTOR in Canada by Reader’s Digest magazine. Reader’s Digest will unveil its “Most Trusted Brands” list in its May 2010 issue. The magazine commissioned independent third party Harris/Decima to conduct 1,500 online surveys among a random sample of its panel members from October 2 – 15, 2009.

“The results of the survey are proof positive that our sales associates are the best in the business,” says Michael Polzler, Executive Vice President, RE/MAX Ontario-Atlantic Canada. “We’ve built a solid reputation based on consistent results. RE/MAX associates sell one in every three homes in Canada and carry more professional designations than any other realtor in Canada. We’re specialists in all niches from residential, recreational, and commercial properties to luxury homes. Our focus has always been service excellence, which includes a serious emphasis on professional development and education. The status quo may work for some, but after almost 40 years in the business, we’re not content to rest on our laurels. “

Reader’s Digest looked at 28 different product categories -- ranging from cereal to residential real estate – and allowed consumers to select the brands that they trusted the most. RE/MAX joins leading brands such as RBC Royal Bank, TD Canada Trust, Air Canada, and Blackberry.

“Our commitment to the communities in which we live and work also runs deep,” says Polzler. “I think that’s something that has always set RE/MAX apart. We’ve been involved in charitable giving long before the terms ‘corporate philanthropy’ and ‘cause marketing’ were common. RE/MAX realtors participate in countless vital programs and causes each year that help the most vulnerable members of our society and strengthen the foundation of neighbourhoods from coast to coast. Their enthusiasm, spirit and dedication to others never fails to inspire.”

Charitable giving is woven into the fabric of the RE/MAX organization. The company and its sales force has demonstrated a strong desire to give back, exceptionally active in both corporate and local charities. Close to $40 million has been raised in support of Children’s Miracle Network since 1992 – which funds research and development, outreach programs and upgrades to equipment and facilities at children’s hospitals and foundations across the country. The Canadian Breast Cancer Foundation is also a cause close to the hearts of RE/MAX associates—one that RE/MAX continues to support through its popular Sold on a Cure Program and the annual Yard Sale for the Cure.

Regards,

Ralph Evans,  Sales Representative

RE/MAX Professionals Inc, Brokerage

website  www.RealEstateHelpDesk.ca

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March 2010 Toronto Sales Continue Soaring

Here is the monthly real estate statistical update for March 2010...

The average price of homes in the GTA was up by just 0.7% from the month before, which is some 20% up from the lows of a year ago. But the real story this past month has been the increase in properties being listed for sale. We have been in a strong sellers market since late 2009. Now, the strong real estate market has caused more people to put their homes up for sale. As this trend continues, we will see the market transition from a seller's market to a more balanced market.

However, a further surge from home buyers is anticipated as the mortgage rates are rising slightly from their incredibly low low rates. Even with a rise of 1% to 2% rates remain very affordable from the long term perspective.

So here is what The Toronto Real Estate Board has to say...

April 6, 2010 -- Greater Toronto REALTORS® reported 10,430 sales through the Multiple Listing Service® (MLS®) in March, pushing total first quarter 2010 sales to 22,418 – the best result on record under the current Toronto Real Estate Board (TREB) boundaries. The average price for March transactions was $434,696. The average price for the first quarter was $427,948.

“The strong rebound in the existing home market was one of the initial drivers of economic recovery,” said TREB President Tom Lebour. “While we don’t expect to see the same rates growth moving forward, GTA households will remain confident in ownership housing as a quality long-term investment, especially as economic recovery expands across all industries.”

The annual rate of growth for new listings continued to accelerate in March. The number of new listings grew by 42 per cent compared to March of 2008.

“The average home price in the GTA will continue to grow this year, but the pace will slow as we move through the spring,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “As growth in new listings starts to outstrip growth in sales, buyers will experience more choice, resulting in more sustainable single digit rates of average price growth.”

Median Price
In March, the median price was $370,000, from the $317,500 recorded during March of 2009.

These charts provide a complete view of the real estate market. If you'd like a more detailed explaination of these charts or just to get a pdf version, let me know. Click on the chart to get an expanded view of it.








Contact me for all your real estate needs...
Ralph Evans, Sales Representative
RE/MAX Professionals Inc., Brokerage
Phone 416 236-1241
Humbertown Plaza - 270 The Kingsway, Suite 200, Toronto ON

Etobicoke Real Estate

Toronto Home Prices Soaring!

Toronto's real estate market was very active in February, with the average price of homes rising 5.5% from the month before and by over 19% from where prices were a year ago.

There were some 7,291 sales in the month making it the busiest February's on record!

So what does all this mean? We are certainly in a seller's market, with homes often selling within a week a prices that even the real estate agents can't believe. There are far more buyers than sellers right now. Low interest rates and strong consumer confidence have people in the mood to be buying property in Toronto. So, now is is a great time to be selling a Toronto property, a bit more challenging to be buying a home and getting good value for it. With a longer-term view of real estate, it is always a good time to be buying real estate. This is true across the range of homes, from Downtown condo's to mid-priced homes and even into the luxury market.

Expectations are that more people will be putting their homes up for sale in the coming weeks and months. This will increase the supply of homes for sale and

If you are in the market to buy or sell a property, let me know - I'm here to help you be successful!

Ralph Evans
www.RealEstateHelpDesk.ca

2009 Real Estate Statistics Summary

The real estate year of 2009 began amidst the economic downturn. Hardly any homes were selling and those that were had to be priced at a steep discount. Mostly there were no buyers in the market. By May 2009 consumer confidence returned to the Toronto housing market and a strong housing recovery got underway. The rally continued until it faded away into the year-end holiday time when real estate typically is slower.

Whole year average price for Toronto rose 4.2% from $379,347 to $395,460

Comparing December 2008 to December 2009 the market is up by 14% to $411,931

But the December 2009 average is down by 1.6% from November 2009.

Got all that? The reporting of market statistics is a bit crazy in real estate! I have summarized the whole thing into a couple of charts to help explain it visually:

Here is the monthly chart for the last few years:


And here is the yearly chart back to 1972:



Contact me for all your real estate needs...
Ralph Evans, Sales Representative
RE/MAX Professionals Inc., Brokerage
Phone 416 236-1241
Humbertown Plaza - 270 The Kingsway, Suite 200, Toronto ON

Etobicoke Real Estate