Jason & Bernie Gavadza On Real Estate

This Month In Real Estate December 2009

 GTA REALTORS® Report November Resale Housing Market Figures

 
TORONTO, December 3, 2009 - Greater Toronto REALTORS® reported 7,446 sales in November  – slightly more than double the November 2008 result when GTA home sales had dipped markedly due to the economic downturn.  Year-to-date sales were up 14 per cent compared to the first 11 months of 2008.
 
“This year in the GTA home sales will be in line with the healthy levels experienced between 2004 and 2006,” said Toronto Real Estate Board President Tom Lebour.  
 
“Increased resale home transactions in the Toronto area and country-wide played a key role in pushing the Canadian economy out of recession in the third quarter.”
 
The average price for November transactions was up 14 per cent year-over-year to $418,460.  The average price year-to-date was up four per cent to $394,464.
 
“Very strong annual growth rates for sales and average price should be expected through the first quarter of 2010, because we will be comparing the current recovery to the housing market decline experienced last winter," according to Jason Mercer, TREB's Senior Manager of Market Analysis.  “As we move into the spring, growth rates will move to more sustainable levels.” 

And please don't hesitate to discuss any questions or concerns you have by

calling us at 647-219-7653

How Can We Help You?

www.YourFamilyRealtors.ca

Jason & Bernadette Gavadza

Homeowner's Don't Miss the Deadline!

Did you know…

The non-refundable Home Renovation Tax Credit (HRTC) is based on eligible expenses for work performed or goods acquired after January 27, 2009, and before February 1, 2010, in respect of an eligible dwelling, pursuant to an agreement entered into after January 27, 2009.

Canadian homeowners should be aware of the deadline to ensure they are able to claim the non-refundable tax credit of up to $1,350 for their home renovation or alteration. Eligible expenses for goods acquired during this period, even if they are installed after January 2010, will still qualify. If an eligible expense involves work performed by a contractor or a third party, and the work is not completed by the end of the eligible period, only the portion that is completed before February 1, 2010 will qualify even if a payment has been made.

For more details about the Home Renovation Tax Credit, click on the following link to CRA web site:

http://www.cra-arc.gc.ca/nwsrm/txtps/2009/tt091103-eng.html

And please don't hesitate to discuss any questions or concerns you have by calling us at 647-219-7653

How Can We Help You?

www.YourFamilyRealtors.ca

Jason & Bernadette Gavadza

Source: Canada Revenue Agency

How's Real Estate in Toronto? View your answers here

GTA REALTORS® Report Mid-Month Resale Housing Market Figures TORONTO, November 18, 2009 - This Month In Real Estate Keller Williams Toronto

In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales – up 84 per cent compared to the first two weeks of November 2008.

The average price for these transactions was up 10 per cent year-over- year to $415,066. Increased interest in ownership housing has been widespread throughout the GTA and across all housing types,” said Toronto Real Estate Board President Tom Lebour. “However, it is important to point out that we are now making comparisons to the fall of 2008 when we experienced a marked decline in sales and average price”

Year-to-date sales, at 78,233 are up 11 per cent compared to 2008. Average price, at $393,180, is up by three per cent. “Sales and average price in the GTA this winter will be well above levels reported throughout the fourth quarter of 2008 and the first quarter of 2009," according to Jason Mercer, TREB's Senior Manager of Market Analysis.

How can we help you?

Jason & Bernadette

www.YourFamilyRealtors.ca 

Keller Williams Referred Realty

416-445-8855

Direct at 647-219-7653

Canadian Monthly Outlook For October 2009

This Month In Real Estate October 2009

Dear Fellow Home Buyers and Home Sellers,

We thought you would want to see the latest in a series of news reports on real estate trends.  It's called "This Month in Real Estate."

There's another side to the real estate story: this market offers amazing opportunities for buying and selling real estate right now -- in your area!

We're not missing those opportunities, because we're in the market every day, working for our clients to make the most of this market.  And we can't wait to do the same for you!

 

If you have any questions about mortgage rates, going fixed or variable, watch the video or please give Jason a call at 416-445-8855 to discuss. 

How Can I Help YOU?

Jason Gavadza

Former "Pro"fessional Athlete, Current "Pro"fessional Family Realtor,

www.YourRealEstatePros.CA

Keller Williams Referred Realty Inc, Brokerage 416-445-8855

This Party Won’t Last Beware as Steep Rate Hikes Are Expected by Late 2010-2011

The attractiveness of owning a home has improved considerably over the past year and going forward it's probably not going to get much better. It’s never been cheaper to own a home across Canada since the beginning of our last housing boom which began in 2005, BUT this party just won’t last.

The wrinkle stems from the debate as to whether the central banks can maintain their promise and pledge to leave its key policy rate at .25% or the lowest level, until June 2010 in the effort to stimulate our economy. Once the central banks decide to start increasing the rate, certain economists believe that major rate hikes, instead of small steady rate hikes, will be the norm.

2010 is just around the corner and many people think that its not wise or possible for the housing market to maintain its growth levels of which we have seen in the past 5 months.

Central banks want to avoid keeping the rate too low for too long. Remember, the goal was to help stimulate the economy. When the economy improves, as it is now, to avoid a housing bubble, a mix of .50%, .75% or 1% rate hikes are what we are likely to see when the time comes.

Most banks lowered their rates this past week from 4.4% to 4.1% and some institutions we are working with to sub 3.99 levels. We must brace for aggressive rate hikes in late 2010 early 2011. It may be time to take advantage of the combination of excellent interest rates and best affordability options for owning real estate in the GTA. This is great news for buyers!

In my young career and coupled with my mentors 25 years experience in the industry, we have never seen such a shortage of Inventory in the GTA. If you have Sellers, Friends, Parents or Family Members you care about who are thinking about putting their home on the market, call them today and tell them that there has never been a better time to get that extra money that will help them move to a better home and to call us get their home sold.

There should be confidence in saying that the fall market will be much better than last year and preparing your home for the fall market now, will help sell your home easier and faster when the fall market does arrive.

Give us a call for a Room-by-Room review.

How Can We Help YOU?

Jason & Bernadette Gavadza

Former "Pro"fessional Athlete, Current "Pro"fessional Family Realtor,

www.YourRealEstatePros.CA

Keller Williams Referred Realty Inc, Brokerage 416-445-8855

GTA REALTORS® Report August Resale Market Figures

TORONTO, September 2, 2009 - In August 2009, Greater Toronto REALTORS® reported
8,035 sales, up 27% per cent from August 2008. The average price for August transactions was $387,921 – up by six per cent compared to the same month last year.

"The increase in demand for existing homes has been widespread across different housing
types and price ranges," said TREB President Tom Lebour. "This suggests many categories of
home buyers have chosen to make a long-term investment in housing, from first-time buyers to move-up buyers or buyers who are seeking a lifestyle change."

Year-to-date sales, at 58,421 were up two per cent compared to the first eight months of 2008. Average price, at $385,978 was up by less than one-half of one per cent.

"We have heard more positive economic news lately. The improved housing market has played a key role,” explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Home sales have helped other sectors of the economy through home buyers’ spending on things like financial and legal services, moving, renovations and home furnishings."

How Can WE HELP YOU?

Tackling YOUR Real Estate Needs

Jason & Bernie Gavadza
Keller Williams Referred Realty Inc,
647-219-7653

This Month In Real Estate

Dear Fellow Home Buyers and Home Sellers,

We thought you would want to see the latest in a series of news reports on real estate trends.  It's called "This Month in Real Estate."

There's another side to the real estate story: this market offers amazing opportunities for buying and selling real estate right now -- in your area!

We're not missing those opportunities, because we're in the market every day, working for our clients to make the most of this market.  And we can't wait to do the same for you!

 

If you have any questions about mortgage rates, going fixed or variable, watch the video or please give Jason a call at 416-445-8855 to discuss. 

How Can I Help YOU?

Jason Gavadza

Former "Pro"fessional Athlete, Current "Pro"fessional Family Realtor,

www.YourRealEstatePros.CA

Keller Williams Referred Realty Inc, Brokerage 416-445-8855

Keller Williams Toronto August 2009 News

THE REALTY POST August 2009 Jason and Bernadette Gavadza Salespersons

This Month In Real Estate July 2009

Dear Fellow Home Buyers and Home Sellers,

We thought you would want to see the latest in a series of news reports on real estate trends.  It's called "This Month in Real Estate."

There's another side to the real estate story: this market offers amazing opportunities for buying and selling real estate right now -- in your area!

We're not missing those opportunities, because we're in the market every day, working for our clients to make the most of this market.  And we can't wait to do the same for you!

 

If you have any questions about mortgage rates, going fixed or variable, watch the video or please give Jason a call at 416-445-8855 to discuss. 

How Can I Help YOU?

Jason Gavadza

Former "Pro"fessional Athlete, Current "Pro"fessional Family Realtor,

www.YourRealEstatePros.CA

Keller Williams Referred Realty Inc, Brokerage 416-445-8855