Real Estate News

September 27, 2012 - Updated: September 27, 2012

 

 

 

Direct 647-408-5226   Office 905-896-3333

www.Michaelkellyhomes.com

GTA Market Update Report -

Sales up 25%!  Its a Hot Fall

   Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010.

 

GTA House Prices Up Again

 

The Toronto Average House Price rose from $425,757 to $465,369 from September 2010 to the same period in 2011. Predictions are the prices will continue to climb over the next 2 years.

 

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Attention Investors - Bidding Wars on Toronto Rentals

 

The market for rental condos is becoming almost as hot as Toronto's resale housing market with bidding wars breaking out among tenants trying to snag prime units. 

 

The increasing competition for rental condos, especially with new hardwood and graite clad units is driving prices up.
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Rental Bidding Wars Are Most Common in 2 Bedroom Suites as most new condos built today are one bedroom or studio suites

 

In fact, the condo rental market has become so fiercely competitive the last year in particular that would be tenants are being urged to not even look at prime downtown units without bringing along a printout of their credit rating, proof of their annual salary and a willingness to pay more rent if need be. 

 

Getting a good condos can be just as intense as buying a house these days. 

 

If you are an investor looking to rent out your property, give us a call.   Our office has a Full Service Rental Department that can handle all your needs.

 


Tips to Increase Home Appeal

      What sells a home? Is it the price, location, or condition? The truth is that it takes a combination of all of these factors to make a sale in today's market. Unlike boom era transactions, the seller is now in the passenger seat. Buyers today have a great advantage. A glut of homes in many markets means that supply far outweighs demand. Buyers are able to be choosy and to negotiate sweet deals.
      When your home is on the market you want to be noticed and for the right reasons. It's a competitive advantage that could mean the difference between making the sale or not. Let's look at five top ways to increase your home's appeal when it's on the market.
      1. Stage for Photos: We are a visual society. Webcasts, virtual tours, and the Internet have made staging for photos and showings an integral part of any marketing plan. Pictures amplify problems. It's a moment frozen in time, available for a viewers deepest

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Wire Your Home to Sell

      Home buyers are ga-ga over gadgets.
      A survey by the Consumer Electronics Association (CEA) says home security systems, home theater-wired systems, home automation management systems and energy management systems are hot selling points.
      "There is a strong relationship between home technologies and the real estate market. While the market needs to recover before home technologies play a more important role in home sales, the industry can help prepare real estate agents to be comfortable in discussing these types of systems with their clients," said CEA's Rhonda Daniel.
      CEA said the vast majority of real estate agents have encountered homes with installed technologies.
      In the past 24 months, nine in 10 real estate agents have been involved in buying, selling or showing a plugged-in home equipped with technology ranging from more established systems such as monitored security (93 percent) and CONTINUED >>>


Grants are available for upgrades on heating, air conditioning, tankless hot water systems, insulation, toilet upgrades and more. Visit: http://ecoaction.gc.ca/homes to view the grant table of opportunities




Fall Fixes for the Home

      Fall is a welcome reprieve from the oppressive heat of Summer. It also offers homeowners all across the country a chance to ready their homes for cold weather, hard rains, and all that cold seasons have to offer.
      As the seasons change, once again it's time to perform some home maintenance. Here are 10 yearly tasks that will help keep your household in working order when the temperatures drop.
      1. Clean Gutters: Do so frequently. Clogged gutters can result in standing water and roof damage. Plus, if you clean them frequently, you're less likely to have to deal with decomposing leaves.
      2. Mow and trim: It seems counter intuitive, but Fall is a wonderful time to

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Is "Headline News" The Best You Can Do For Yourself?

 

Painting on a Foundation for Seasonal Home Decor Changes


 

Michael Kelly
Sales Representative
Sutton Group Realty Systems
Direct: 647-408-5226
Office: 905-896-3333
Fax: 905-848-5327
www.michaelkellyhomes.com

 

 

 

 

 

 

 


Tagged with: mortgage mortgage rates realtor michael kelly gta housing prices rentals investors mississauga missiisauga condo toronto toronto condo new homes for sale sale
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Michael Kelly Sales Representative

Sutton Group Realty Systems Brokerage

Independently owned and operated

1528 Dundas Street West, Mississauga ON, L5C 1E4

Office: 905-896-3333

Fax: 905-848-5327

Mobile: 647-408-5226

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