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20th
Jul

Our July (2017) Newsletter

Posted by LARRY PERSAUD ot 10:22 AM

 

Toronto Real Estate News from Larry Persaud (Real Estate News)July 2017   

 

Hope you are enjoying your summer days... Well the market has shifted from a super seller's market to a more balance market in terms of the inventory and houses are no longer selling in hours with 10+ offers.

If you're thinking about buying a condo, there are various personal and financial factors you'll want to consider.  This month’s article examines some of the con-dos and con-don'ts.

There are also a few tips on how to keep your Facebook profile safe from hackers as well as a deliciously simple BBQ dessert that your guests will love!

Thanks so much for checking out this month's newsletter.  Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

We are planning on hosting a First-Time Buyer Information Session (FTBIS) in mid September (few weeks from now). We have 20 seats available, who do you know that would like to attend?  Send a text with #FTBIS to 
647 828-7653.  Feel free to share this newsletter with your family and friends.  Follow us on Facebook: LarryPersaud & Twitter: @HomesListed

Our Services Will MOVE You! 
Larry
 In this issue...

The Toronto Real Estate Market Report
Mark Your Calendar for the Krinos Taste of the Danforth!
Condo Conundrum -- Freedom vs. Freedom
Friends, Foes and Facebook Woes
Delicious Grilled Skewered Fruit Recipe

THE TORONTO REAL ESTATE MARKET REPORT 

The Toronto Real Estate Market Report

Toronto sees a more moderate price growth in June.

Greater Toronto Area REALTORS® reported 7,974 sales through TREB's MLS® System in June 2017 – down by 37.3 per cent in comparison to June 2016.

The number of new residential listings entered into TREB's MLS® System, at 19,614, was up by 15.9 per cent compared to June 2016.

While this annual rate of growth was sizeable, it represented a more moderate annual rate of growth compared to May 2017, when new listings were up by 48.9 per cent year-over-year.

"We are in a period of flux that often follows major government policy announcements pointed at the housing market.  On one hand, consumer survey results tell us many households are very interested in purchasing a home in the near future, but some of these would-be buyers seem to be temporarily on the sidelines waiting to see the real impact of the Ontario Fair Housing Plan," said Mr. Syrianos.

"On the other hand, we have existing home owners who are listing their home because they feel price growth may have peaked.  The end result has been a better supplied market and a moderating annual pace of price growth."

Annual growth rates for MLS® HPI benchmark prices have moderated over the past two months, but remain strong.  The MLS® HPI composite benchmark price was up by 25.3 per cent on a year-over-year basis in June.  June's average selling price for all home types combined for the TREB market area was $793,915, representing a 6.3 per cent increase compared to the same month in 2016.  A better supplied market has certainly been a key factor influencing the moderation in price growth.

"Recent Ipsos survey results suggest that home buying activity in the GTA will remain strong moving forward.  The year-over-year dip in home sales we have experienced over the last two months seem to be the result of would-be buyers putting their decision to purchase temporarily on hold while they monitor the impact of the Fair Housing Plan.  On the supply side of the market, it certainly looks as though buyers will benefit from more choice in the second half of 2017 compared to the same period in 2016,"said Jason Mercer, TREB's Director of Market Analysis and Service Channels.  Want to know where the market is heading call Larry Persaud @ 647 828-7653
 MARK YOUR CALENDAR FOR THE KRINOS TASTE OF THE DANFORTH! 

Mark Your Calendar for the Krinos Taste of the Danforth!

Come out and enjoy a huge celebration of Greek food and culture!

It’s time again for Canada’s largest annual street festival that hosts over 1.5 million attendees each year in Greektown!

Come out along the Danforth between Friday, August 11th and Sunday, August 13th and listen to Greek music while enjoying authentic souvlaki, stuffed grape leaves, grilled lamb, moussaka and much more!

In addition to the delicious cuisine, there will be a variety of fun activities for visitors of all ages including traditional Greek dance shows and you can even enter for a chance to win a trip to Greece!

Bring your friends and family out to Krinos Taste of the Danforth and enjoy this fantastic street party where there will be an endless amount of fun for everyone.  OPA!

Condo Conundrum -- Freedom vs. Freedom

Consider the pros and cons carefully before purchasing a condo.

Condos appeal to everyone from young urbanites who want to be in the heart of the action to seniors who just want to relax and enjoy their golden years playing tennis and relaxing by the pool.

Families are also starting to gravitate towards condos as they’re an affordable way to escape the suburbs and move to a vibrant downtown atmosphere where various amenities are only steps away.

Aside from being affordable, condos are low maintenance as you don't have to spend your weekends cutting the grass and cleaning the gutters.  They also offer enhanced security features which are perfect for those who like to travel.

Convenience however comes at a price in the form of condo fees which can be costly depending on the amenities offered by the complex.  That said, condos are often very affordable compared to single family homes, especially for those who are downsizing.

When you buy a condo, you don't own the land beneath you but instead share a common interest with others in the complex.  This means you'll be subject to rules and regulations that can dictate anything from the type of planters you’re allowed to display to the kinds of blinds you can hang.

Joint ownership also means you'll be in close contact with your fellow condo owners.  Some people love the sense of community offered by condos but for those who value their privacy, it can be a difficult adjustment.  Pets are another key consideration as Fido may not be welcome in some buildings.

If your real estate vision includes extensive renovations, condo living may not be for you as your options could be limited.  If however you'd rather spend your time chilling by the pool instead of painting shutters, the low maintenance factor may be just what you're after.  It's really a choice of freedom vs. freedom.

If you are thinking about Buying, Selling or Renting a condo give Larry and The HomesListed Team a call first.

Friends, Foes and Facebook Woes

A few simple precautions can secure your page against hackers.

Imagine if someone hacked into your Facebook account, changed your password and started posting inappropriate content.  You'd be forced to sit and watch your reputation go down the drain.  Here are a few ways to avoid a hack:
 

  1. ix38wq%Pc - Make sure you have a strong password with a mix of numbers, letters and symbols.
     
  2. Play Hard to Get - Visit the Privacy section under Settings to limit who's able to view your profile details.
     
  3. Catch a Hacker Early - Select Settings and then Security and Logins and turn on get alerts about unrecognized logins.
     
  4. Extra Security - Visit Two-Factor Authentication in the Security and Logins section to choose an extra layer of security.
     
  5. Best Friends - Designate a few friends under Your Trusted Contacts that can help you get back into your account if you get locked out.


Facebook has various security features but they usually have to be manually activated.  Once done though, it’ll be much harder for a hacker to gain access to your account and much easier for you to regain control in the event it does happen.

Delicious Grilled Skewered Fruit Recipe

Mix things up on the grill with a healthy, tantalizing dessert!

The heat of the grill turns fruit into juicy, sweet goodness that’s a great finale to any meal.  Here’s what you’ll need to make this simple yet healthy, delicious dessert:
 

  • skewers
  • 1/4 cup honey
  • 1/4 teaspoon ground cinnamon
  • melted chocolate
  • an assortment of fruit (pineapple, peaches, mangos, etc)


Lightly oil the grill and preheat the BBQ to medium.  Cut up the fruit and thread onto skewers.  Grill for a couple of minutes per side.  Finally, pick your preference of the honey/cinnamon mixture or melted chocolate and drizzle over top just before serving.  Enjoy!


  PSBuyers and Sellers are on different sides of the same coin and they both have one thing in common, and that's MONEY.
 

Multiple offers are out and the inventory is on the rise, but for how long? Is now a good time to buy or sell?

Properties are taking a bit longer to sell. How can we Guarantee you that your property will get Top Dollar within a few days and not a few weeks?

We (Larry and The HomesListed Team) have 2 proven systems that can provide results to the above questions.

As a buyer or a seller, if you would like to put our experience and negotiating skills to work for you, just give us a call and let's talk, there is no obligation on your part.  We can be reached at (647) 828-SOLD 7653.


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