Jason & Bernie Gavadza On Real Estate

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

Super Bowl Day!

Mr. Football,

Jason, I would like to thank you again for giving of your time to come and speak to the students at St. Boniface Catholic School back on March 10th. Your story was very inspiring for the students and they really took to heart what it means to not give up. You were very generous to hand out autographs to all of the students and to allow us to take some photos. I have attached some of the photos from that day.

Thanks again,

Peter Stachiw

Principal

St. Boniface Catholic School

21 Markanna Drive

Scarborough, ON

M1M 2H9

P: 416-393-5277

 

Top 10 Ways To Reduce Your Garbage

Toronto residents might now know how Oscar The Grouch feels each and every day! "G is for Garbage, that is good enough for me. G is for Garbage, that is good enough for me. Garbage, Garbage, Garbage is for me!!!!"  Although Oscar's way of life becomes more prevalent each and every day in our city of Toronto, these helpful hints may suppress negative thoughts (and smells too!) for all those people whose Garbage isn't for them!

1. Don't buy it. The surest way to reduce your output is by cutting the input. For ideas and moral support, you could join The Compact, an international online community that has vowed to buy nothing new (excluding food, booze and health essentials) for a whole year.

2. Build a backyard or worm composter. They can take most of the smelly things that normally go into your green bin, including all vegetable and fruit scraps, tea bags, coffee grounds and eggshells.

3. Ask to use your neighbour's composter. Remember, you are really doing him a favour, as every kilogram of apple cores and onion peels translates into 500 grams of garden manna in six months.

4. Bring your empty yogurt containers to a bulk store to stock up on flour, sugar, dried fruit and spices.

5. Leave the packaging at the store. That's what German shoppers did in the 1990s, prompting the government to force manufacturers to start paying the full tab for recovery of packaging waste.

6. Try cloth diapers for a month. If you get hooked, you could save up to 8,000 diapers from eventually ending up in landfill (and, for now, your porch) for each of your children. You can buy a gently used set on Craigslist or sign up for a diaper service that will pick up the soiled diapers and drop off pristine replacements every week.

7. Head to the farmers' market with your cloth bag. That way you'll avoid the polystyrene foam and other packaging so often encasing food in the supermarket.

8. Donate your paper towel rolls, as well as your used – and cleaned – yogurt containers to a nearby kids' camp for their art program.

9. Cut back on meat. You'll not only avoid stockpiling the smelliest part of your mounting garbage, but you'll also make a big dent in your carbon footprint. Meat production puts out about one-fifth of the world's greenhouse gases.

10. Put off your "spring cleaning" until the fall.

Source: Toronto Star

Top 10 Best 905 City Streets To Live On

What are your thoughts on these 905 streets?  Can you share your thoughts (and pics too!) if you live or have driven down any of these streets.......

1. King St., Port Hope

with 19th-century brick houses and wooden cottages, this quiet tree-lined street pretty much sums up small-town life at its best. All in all, it's a pretty street in a pretty town.

2. North Shore Blvd., Burlington

Close to Lake Ontario and ever-changing, this is one of those long and winding roads that for a lucky few leads to their door.

3. Martin St., Milton

This is one of Milton's main drags, but at the bottom end, just before it comes to a mill pond, there's a stretch of heritage houses from the 1800s, mainly brick with big porches and beautiful gardens and trees.

4. Lake Ave., Acton

I know this is 519 territory but it's so nice I had to include it. This dead-end street that runs along the edge of Fairy Lake, it is an out-of-the-way kind of place that feels like a street where real people live. Best of all, there's a variety of housing styles ranging across the 19th and 20th centuries.

5. Cherryhill Rd., Oakville

This short and leafy street, five minutes from Bronte Harbour, takes us back to a time when the suburban dream didn't mean endless hectares of tract housing. It's amazing the small one- and two-storey bungalows have survived the invasion of the monster home.

6. Main St., Unionville

Though more retail than residential, here's a street that retains much of a character formed at a time when proximity was a necessity and good building materials the only option.

7. Mineola Rd., Mississauga

Low-density and old enough to boast a forest of mature trees, this is the kind of place where early 20th-century builders went crazy with mock-Tudor and Arts and Crafts houses.

8. Prideaux St., Niagara-on-the-Lake

Almost any street in this lovely though heavily gentrified town would do, but this one, with its elegant Georgian houses and magnificent gardens, is one of the best.

9. Caledon Mountain Dr., Belfountain

Okay, so technically it may not be a mountain, but the views over the Credit Valley are spectacular. Houses can be hard to see from the road, but that's another reason this would be such a nice place to live.

10. Main St., Jordan

This is the main drag of Jordan, which despite its short length boasts several historic 19th-century houses and an old winery converted into shops. Quiet, comfortable and lived in, it feels like home.

Source: Christopher Hume Toronto Star Article

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

Top 10 Best Toronto City Streets To Live On

I thought that this would be an interesting topic to dive right into.  Best streets in Toronto!  This article taken from the Toronto Star begs the question, "What is YOUR favourite street in Toronto?"

As you ponder your answer and before you post your comment below, take a look at a few streets that made the Top 10 list!

1. Yonge St. anywhere south of Eglinton Ave.

How great would it be to live above a store, restaurant or bar on Toronto's main street? Imagine walking out your front door and going to your favourite eatery. And of course the subway would never be far away.

2. Palmerston Blvd.

The houses are impressive, but more than that there are those wonderful street lights. They make Palmerston one of our most memorable streets.

3. Any street in Cabbagetown, east of Parliament St.

Narrow tree-lined roads, with beautiful 19th-century houses – not too big – make this one of the city's most desirable neighbourhoods.

4. Fallingbrook Cres.

Situated at the top of the Scarborough Bluffs, the houses here aren't wildly interesting but enjoy extraordinary views across Lake Ontario.

5. King St. E. between Church and Parliament Sts.

Bit by bit, the architecture in this historic area of town is disappearing beneath a layer of new construction. But there's just enough left that even today the past is alive if not entirely well.

6. Ellis Park Rd.

Shady and winding, this is a street on the west side of High Park that feels more a part of a small town than a big city. Obviously built long before the planning department got its hands on things, it oozes character.

7. Montcrest Blvd.

Running west from Broadview Ave. at the north end, this short dead-end street boasts what's arguably the best view of the downtown.

8. Tranby Ave.

The houses are small, close together and thoroughly urban. Extending from Avenue Rd. to Bedford Rd., it's close to practically everything but quiet, almost serene.

9. Sheffley Cres.

Dating from Etobicoke's post-war heyday – maybe a little later – this is family lifestyle territory. Leafy and lively, it's the sort of place where kids really do play hockey in the streets.

10. Queens Quay

It's not up to much now, but in the decades ahead, once the four-lane artery has been reduced to two and trees have been planted, this could be the city's grand waterfront street.

View the streets MAPPED!

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

Source: Christopher Hume Toronto Star Article

Best June EVER for TREB

Canadian existing homes sales soared in June, up 17.9 per cent year over year to 54,416 units, according to a report released by the Canadian Real Estate Association.

The Toronto Real Estate Board reports that this was the best June on record, with 10,955 single-family homes sold last month, and the average price hitting $403,972 - up 2 per cent from the same month last year.  Even though there were 30% less homes available for sale compared to June 2008!

Where buyers had a stranglehold of the Toronto market for about the past 6 months (Oct-March 09), since then, a buyers market has drastically turned into a striving sellers market that has brought the dreaded multiple offer scenario back to Toronto's neighbourhoods.

These solid numbers beat consensus estimates by analysts and took some market watchers by surprise.

And its not just in Toronto where we are seeing progressive growth in sales and price appreciation month over month, but in many cities across Canada.

Toronto continues to see an alarming imbalance of inventory, a shortage of homes available for sale.  We are currently in a very unbalanced seller's market.  What constitutes a seller's market is the sales-to-inventory ratio.

The sales-to-inventory ratio measures the balance between supply and demand.  During a balanced market we would expect to see roughly 2 sales for every 10 homes available on the market or a sales-to-inventory ratio of 20%.  Toronto’s sales-to-inventory ratio jumped to 59% in June 2009 moving us even further into Seller’s market territory.

A 59% sales-to-inventory ratio may not mean that much to the average home buyer, but it really is an alarming number.  Consider this, June 2009’s sales-to-inventory figure is the highest we’ve seen in the past twenty years.  This means that the imbalance between supply and demand – favouring sellers -  was greater in June 2009 than any other month in the past twenty years, including Toronto’s real estate bubble in the late 1980’s.

But what about the fall market? Last year, the market "plummetted" to put it nicely in October due to a lack of consumer confidence the upcoming recessionary times and heavy negative press from the doomsayers around the nation and the world. At the time, we said the underlying fundamental structure of our Toronto real estate foundation were fine but people did not believe. Well the same thing is true today - maybe a little more unemployment but people believe that we will soon be starting to emerge from the recession. Although that its true we need to have another month or two to officially say we have "recovered", there are some benefits that will continue to propel us forward as we describe in our June post, "This Month In Real Estate."  First there are lower mortgage interest rates and secondly the talk of governments providing dollar stimulus packages to their economies has yet hit the ground running.  There should be confidence in saying that the fall market will be much better than last year and It will also be a little slower than July and August of this year. A crystal ball approach that deserves to be looked at carefully in the coming months.

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

Source : TREB, CREA