Real Estate Curve

Everything To Know About Real Estate


Mississauga and Toronto Real Estate Market Statistics

Here are the latest stats for the Mississauga and Toronto Real Estate Market

Compared to 2008 Sales are up by 22%

Compared to 2008 Inventory is down by 40%

What does this mean, is that people are buying virtually everything if it is priced right and if the condition of the property is decent.

For hot properties this mean…yes a “Bidding war”, nothing to be thrilled of if you are a buyer. On the other hand for sellers this is an ideal type of a market.
List it and sell it fast.

Posted under News

Angry Buyers…

With all the bad inventory in the Gta’s market, buyers are getting mad on their agents. Is this right? I don’t think so, but apperntly if your agent can’t find you a home it is the agents fault. People have to think before they accuse other people, they have to ask themselves as a buyer,”am I too picky” ? Are the houses over priced or if there is no good inventory available. Before blaming your agent ask yourself all those questions. Real estate agents are there to help you purchase the biggest investment of your life, they want to be referred again and again (well some just want to make a quick buck) but most of them will work for your best interest. So before you start screaming at your agent, sit down with him or her and talk about the market and why it is what it is.

Posted under Buyer, News

2 Weeks Pass, Gta’s Inventory Is Still…

Well another 2 weeks have passed and the Gta’s inventory is horrible, what I mean to say is that there isn’t many home that are priced at market value that are kept up. On the other hand there is tons of homes that are out of shape and outdated and people still are asking alot of $$$$$ for them. People need to wake up and start renovating or dropping the price. I know alot of people are shopping around but with this inventory is it really hard to find a good solid home.

Posted under News

Gta’s housing inventory is low of good homes and buyers are looking and…

In the greater Toronto area, the demand for housing is high. The inventory is low, well at least with good houses, let me explain. If there are 10 houses for sale in a specific area 3 house are good houses, meaning they are priced at market value and are valued what the vendors are asking for. The other 7 are either over priced or just in too of a bad shape to sell it for the asking price and the vendors don’t realize it. It is a shock to first time buyers but good homes sell for close to asking price with in 1-5 days on the market, so do youself a favour and get yourself an agent and don’t miss out, before the good ones are gone. If a house goes on the market go out and see it the same day, if you like it put an reasonable offer the same day and don’t insult the vendor with a low ball offer.


Posted under Buyer, First Time Buyers, Seller

Moving Into A New Home

Unpacking tips when you move into your new home.

Paint if you have to before unpacking anything, as you don’t want to dirty up your personal things with paint.

Start with the big stuff, couch, furniture, TV, tables, etc.

Next hang some pictures, this will divide the space up with the furniture.

Now its time for the kitchen, which is the place where you will spend most of the time. Take time to place every little detail(knives, spoons, spices, pots) in its right spot so they will be accessible quick.

Time for your Rooms, hang the clothes get the beds ready.

Finally get the towels, tooth brushes and toothpaste out along with the soap.

The rest will follow, filling up the book shelves with books and cleaning out the garage from all the box clutter.

Enjoy Unpacking…

Posted under Moving

Moving? Packing A Lamp?

Easy do it yourself packing tip video for packing lamps when you have to move to your new home.

Posted under Moving

Moving? Packing Books?

Easy do it yourself packing tip video for packing books when you have to move to your new home.

Posted under Moving

Energy Audit, What is it?

Energy costs are rising now and will in the future, this great video will go through a bunch of pointer where to check and how to check your home (to get best results contact a professional) Here are some key point which they use to measure in the audit. They measure the whole house inside and outside, starting measurements form outside, they check where the windows are pointed, look into the attic, info red camera to check insulation inside walls, kitchen appliances, old fridges over 10 years old change them with energy star rated, compact florescent bulbs, water efficiencies (energy shower head save 20 gallons a day) . Check out this great informational video.

Posted under News, Seller

Statistics Of Changing Your Home

The statistics show that an average family will change their home every 3-5 years. Now in most cases this is true, but there are exceptions. For example, you get married buy your first condo, live there 2 years have 1 or 2 kids, the condo gets smaller you have to get a bigger living space(most likely a house) After the next 3-5 years the kids get bigger, you need more room, one for each child or even a older parent to help them out, so what now, you sell and buy bigger. Once you get older (kids move out)you don’t need that big house and you down size. Now this case doesn’t apply to all people there is tons families that live in a house for over 10, 20 or even 30 years, but the statistics show 3-5 years an average a family changes their home.
People change for many reasons they slowly move up to that Dream Home, over many moves/years. Buying your dream homes won’t happen on your first home purchase, well unless you got the cash or win the lottery. Just though this could be useful to know.

Posted under Buyer, First Time Buyers, Moving, News, Seller

Open House Anyone? Are you ready to buy?

What is everyone’s though on open houses?
Do the people that come to the open houses are they the nosy neighbors?
Are the people going to open houses serious about buying?
If you ask me, if I want to buy a house I go to an agent, what are the chances going to an open house and it beign the one you will buy? Come on realistically slim.
From what I noticed either people are sent by their lazy agents to open houses, because they don’t feel like showing homes which have open houses schedules, or its people that are in the “maybe” stage of thinking to buy a house. Now don’t get me wrong there is cases that people walked into a home fell in love with it, put an offer and purchased that home, but it doesn’t happen that often.
What are your though?

Posted under Buyer, First Time Buyers, Seller

More On Harmonized Tax – Ontario

As a lot of people from Ontario know most likely on July 1,2010 Ontario will get slapped with the one 13% tax which will go on virtually everything, even food under $4. The only products which will receive a cut are women products and child products (diapers, car seats, etc).

This tax won’t affect homes under the $400,000 mark but the homes between $400,000 – $500,000 mark will get taxed but will receive some kickback from the government. So what will happen to the homes valued more the $500,000 they will pay full tax, which isn’t fair at all. Why should someone be taxed more if their home is valued more, because they earn more? or they had more money when buying a bigger house at the first place? this isn’t fair. Complain to your government, lets prevent this!!!

Posted under News

Spring is here, real estate boom is up

Since spring has hit us with nice weather, people are out there and shopping for homes. Although it is mostly first time buyers, it is still a good market as we speak. Hot areas are still hot even with this recession (which a lot say it is curving back up to a flat level) people are still buying and even producing multiple offers in hot areas. What is one to do? Shop around, if you can afford a hot area then fight for the house, if you are a first time buyer take advantage of the market go to a cooler area and negotiate the deal with your real estate agent, because you never know some people MUST sell. Now with that said, be reasonable if your agent says the house is worth 10-20K less don’t throw in an offer 60K less, that is unreasonable, yes the agent is there to make the sale but he/she will educate you as the buyer to what the home is really worth, get a good agent and listen to them. You may read and watch the market daily, but you agent has all the tools and experience with what the value you pay should be, accordingly. Be good and shop smart.

Posted under Moving

Ontario Harmonized Sales Tax Breif Overview

Here is a brief summary from OREA regarding the Ontario Harmonization Sales Tax…
The Provincial government will, starting July 10, 2010, convert the Provincial Sales Tax (PST) to a value-added tax structure and combine it with the federal Goods and Services Tax (GST) to create a single federally administered harmonized sales tax. The single sales tax would have a combined tax rate of 13 per cent. The provincial portion is eight per cent and the federal portion is five per cent. To provide targeted relief, point-of-sale rebates would be introduced for the provincial portion of the tax for the following items: books, children’s clothing and footwear, children’s car seats an car booster seats, diapers and feminine hygiene products. Currently, the PST applies to building supplies used in construction of new homes. The single sales tax would remove this embedded tax. To ensure that, on average, new homes under $400,000 would not be subject to an additional tax burden, the government is proposing a new housing rebate. Homebuyers will be able to claim a rebate of part of the provincial portion of the tax for new homes priced up to $500,000. The rebate for new primary residences under $400,000 would be 75 per cent of the provincial portion of the tax (or six per cent of the purchase price) with the rebate amount reduced for homes priced between $400,000 and $500,000. Resale homes would not be subject to the single sales tax. However, this Budget makes no exemption for services associated with resale home transactions. Under the proposed sales tax harmonization, legal fees, real estate commissions and home inspection fees will be subject to the harmonized sales tax at a rate of 13 per cent.

Posted under News

First Time Buyers Take Charge Of The Real Estate Curve

As an agent in the GTA I have noticed that even with the real estate curve down we are getting more and more activity each and every day. Well not exactly as 2007 but we are getting more first time buyers interest in the market and the prices. From what I see the houses which are in a demand area are not drastically affected by this market slow down. If a house is listed in a hot area it will sell and it will sell fast. Homes which are run down and over priced are feeling the affect of the buyers market, specifically first time buyers. What people don’t realize which have homes and want to upgrade to a bigger one is that if they lose 10% on their current home they will get that 10% off a more expensive home which they are planning on buying, with this 10% off the more expensive home they will infact save even more. People just need to sit down and do some basic math. 10% off a $300,000 home is $30,000 and 10% off a $500,000 home is $50,000, with this your clearly save $20,000 for buying in a recession year, think about it.
Right now there is about 10:1 Ratio of homes to buyers, when the curve will go up with will be 1:10 ration of homes to buyers even with the prices down, you will then still compete for that low priced home and most likely over pay for it by 10-20% because the market will become hot again. Look what started happening in between 2000-2007, crazy market, up up up with the prices.

Posted under First Time Buyers

RRSP Home Buyers Plan Changed, Does The Real Estate Curve Have Something To Do With It?

As Posted in the Realtor Edge, March 2009

RRSP Home Buyers Plan changed
The changes to the RRSP Home Buyers Plan introduced in the new budget are not only good for potential home buyers, they are also seen as a victory for OREA and CREA. “It’s gratifying to see that our lobbying efforts at the national level for enhancements to this program have paid off.

The 2009 budget increases the withdrawal limit for the RRSP Home Buyers Plan to $25,000 from $20,000 providing first-time home buyers with additional access to savings to purchase or build a home.

The eligibility and repayment rules remain pretty much the same. The money withdrawn from the RRSP must be repaid over a period of no more than 15 years to retain its tax deferred status. The repayment period starts the second year following the year the first withdrawals were made. If a participant pays less than the scheduled annual payments, the amount that they don’t repay must be reported as income on their tax return for that year.

For example, in October 2009 a first time buyer withdraws $24,000 from his or her RRSP to finance the purchase of a home. Their first annual repayment of $1,600 ($24,000 divided by 15 years) is due by December 31, 2011.

Posted under News