GTA Home Pricing is far better than most reports imply.

 

From a pricing standpoint, the spring GTA Housing Market is better than many publications imply.  To understand why, we need to put the current market in context.  It’s a unique time in the history of housing in the Greater Toronto Area (GTA) as a result of the previous three successive years (2016, 2015 and 2014) in which we saw unprecedented annual price increases, first 10% then 20% and then a 35% jump! That three year backdrop makes it easy to misunderstand, and easy to be misled by, current announcements of real estate market statistics.  Most year-over-year reports on PRICE are indicating a 15% drop March 2018 over March 2017, along with speculation about the reasons (government intervention, mortgage qualification rules and interest rate fears).  But if you’ve owned a home for the last four years, even with this latest 15% price drop, you’ve made a spectacular and rare return on investment, and its tax free for most people.  Home equity has increased dramatically in that time. 

 

 

 

Is a 15% PRICE DROP good or bad?  Obviously if you’re planning to sell soon, a small portion of your recent equity growth has been eroded. But the price drop is also a good thing in some ways.  Market speculators are leaving the housing market since flipping a home is no longer a safe bet. Speculators represent a false element of home demand, so it’s a good thing that the market is now less driven by their activity.  Also, the price drop over the last twelve months is a long-expected correction of a previously unsustainable price surge.  The market is now returning to a balanced position, where neither the buyer nor the seller has a consistent upper hand.  Balanced markets are good for all consumers, as it reduces the likelihood of catastrophic mistakes by those who cannot afford them (like the homeowners who bought not-yet-built homes at the highest price points of the market, hoping to sell their current home later at a market-peak price, only to discover that they are now in real trouble because they overpaid for the new build and cannot afford to sell their existing home at current prices.)

 

Click the link to read economist Derek Holt’s view, written by Sarah Niedoba

http://news.buzzbuzzhome.com/2018/04/gta-housing-market-much-better-people-think-economist-says-yes.html

 

 

 

Read full post

Learn how to Maximize Your Profit Before You Sell your Home

Get your FREE copy of our ROADMAP TO SELLING YOUR HOME

 

Selling a home is a process, not an event.  As with most important things in life, being well educated in advance is critical.  These days we can learn a lot as consumers on line and through conversations with friends. That’s all good, but consider taking a few minutes to see the whole process laid out in clearly defined steps, so before you start, you know where you’re headed and how to get there with maximum profit.  

 

house for sale burlington how to sell a house

 

For example:

Pricing a Home: most people would be interested to know how to properly establish a list price for a home, and the profit pitfalls of improperly pricing it.

 

How the Money Works: Most people sell or buy a home on average every 7 years.  Often its 20 years between transactions. Learn how the money works in a real estate transaction (deposit, down payment, mortgage, commission, lawyer fees, moving costs) before you start. 

 

Negotiation: The negotiation steps are critically important, and they have the biggest impact on Seller Profit at the end of the process.

 

We can help. We’ll be happy to send you our Roadmap to Selling Your Home, and to answer your questions about the process and the market.  

 

CALL US TODAY FOR YOUR FREE COPY

Brian Maguire, The Linda Maguire Team, 905-220-7993,

or email to: brianmaguire@royallepage.ca

 

 

 #LindaMaguireRE #BurlON #BurlOak #Oakville

Read full post

Cold weather tends to slow things down, and we certainly have that in spades as of January 2018. 

The Mellenials are getting more and more press, with the main group of them, known as "Peak Milennials”, now making up a big part of the first time homebuyer market.  In the Toronto market, Peak Millenials are often targeting condo’s, due to their affordability, compared with detached homes.  Baby boomers are also more and more heading for condos as a means of downsizing the complexity and maintenance of their homes, and freeing up money for lifestyle changes (mainly travel). As a result, in the GTA especially, we’re becoming a “Condo Nation”. 
 
Of course rising interest rates (another rate hike was announced today) and the forecast for addition increase in 2018 and 2019, will make it interesting.  
The level of available homes for sale, known as “Inventory” is low but will improve as we move into spring which will make buying a bit easier. 
Another factor affecting the Burlington/Oakville market is migration from other Canadian provinces.  The GTA is where the jobs are so we’re expecting that trend to continue to put upward pressure on our home prices. 
 
Lots to take in, but when you look at the marco economics, homes in the GTA are still considered by buyers across the globe to be very affordable, believe it or not, and that view, coupled with security, multiculturalism and economic prosperity will make this area a great investment for real estate for the foreseeable future. 
 
See what Royal Lepage CEO Phil Soper and others are saying: 
 
#LindaMaguireRE #LindaMaguire #BurlON #BurlOak #Oakville #HamiltonON
Read full post

December Homes Sales Surged In Advance of New Mortgage Rules

This is the result we saw in December, as some sellers rushed to get ahead of the feared drop in prices.  We haven’t seen dropping prices, even into January, as inventory (the number of hones on the market) continues to be very low, which causes buyers to have little in the way of home selection options. Inventory is typically low at this time of year, as owner prefer to wait till their yards are viewable in the spring.  In addition, buyers tend to lay low in December and January, and then start to come out of hibernation toward the end of February.  Stay tuned - we should see more inventory then.   

 

real estate sales burlington december linda maguire dominion lending

 

Rad the full report HERE

 

#LindaMaguireRE #BurlON #BulrOak #Oakville #HamiltonON 

Read full post

Totally renovated top to bottom in Downtown Burlington on large private lot! Impressive 3 + 1 bedroom

$1,149,000

House for Sale Burlington ON 729 George St

3.5 baths open concept family home with top of the line finishes including hardwood floors throughout, custom eat-in kitchen with centre island, quartz counter, stainless steel appliances, slate fireplace surround, built-ins, potlights, upgraded lighting, custom blinds, crown moulding, iron spindle staircase & more. Separate dining room and living room/offic e/playroom and laundry on main level. Beautifully appointed bathrooms, ensuite with heated floors and glass shower. Fully finished basement featuring large windows, cozy bedroom, 3 piece bathroom and large recreation room perfect area for kids and friends. Sliding doors from kitchen/Family room to large deck overlooking spacious backyard with plenty of room for pool, entertainment and play areas. Renovated in 2013/2014 entire new interior plus windows, s iding, roof, soffit, fascia, deck, garage door, porch and more. Pristine, shows 10+++ !

$1,199,000

#LindaMaguireRE

Listing details here:

Read full post

Welcome to this very unique home offering your own private getaway right in the city. Just under one acre, this spectacular property offers tranquility and peace. With private stream and 20 ft X 47 ft inground pool there is ample room to enjoy and relax.

2335 Somerset Dr. $1,699,999

The home offers 1790 square feet on the main level, 4 bedrooms, 2 baths and 2 decks overlooking the property. The basement is fully finished with 9 ft ceilings, two walkouts, two wood burning fireplaces, and wet bar, perfect for entertaining. The attached garage with breezeway has it's own heat and A/C. Plenty of storage room and parking for 4 cars. Some recent upgrades include, windows, furnace, A/C, broadloom. This property is really exceptional and must be seen to be fully appreciated, close to all major amenities and highways makes this house the perfect cottage without the commute.


Read more here

 

#LindaMaguireRE #BurlON #BurlingtonON #HouseForSaleBurlingtonON

 


Read full post

Large bungalow on huge premium mature 100' X 120' lot, nestled on a quiet street in the heart of Aldershot (Birdland).Sunroom patio doors lead to very private, treed back yard. 1527 sq. ft. on main floor with similar sized unfinished, high ceiling basement. Bright home with very large windows throughout.

336 CARDINAL Avenue BURLINGTON $1,089,000

Well cared for by original owner - all original condition inside, including oak hardwood floors under living and bedroom carpet. Three bedroom's, 1.5 bath with attached garage, easy access to highways and Go Train and a short walk to the beauty of the Burlington Golf and Country Club. Close to schools and all amenities, this is an amazing place to live and raise a family. Parking for 6 cars.

See full listing here

http://lindamaguire.ca/mylistings.html/details-66440618


#LindaMaguireRE #BurlON #Burlington #HouseForSale

Read full post

Stunning contemporary house in downtown Burlington, 4 +1 bedrooms, 4.5 baths including main floor master suite and inlaw master bedroom/ensuite. Very high quality construction and finishes. Finished basement, detached double car garage. Short walk to downtown and all emenities. Move in - early August 2017. Call la for details.Brian Maguire 905-220-7993.All renderings, colours, landscaping and layout subject to change. Measurements are inexact and to be verified by buyer/buyer agent. Portions of the foundation are original

#LindaMaguireRE

 $1,649,000

Read full post

Beautiful prime waterfront property located on a large 2.2 acres lot with gorgeous views of Lake Ontario. 5 bedroom, 3.5 baths including a main floor master with ensuite, living room with fireplace, updated gourmet kitchen with wal k-out to patio. Recreation room includes fireplace, theatre room and use of pool table. Close walk to Paletta Park and downtown Burlington. Rent + utilities, References and credit check, First & Last months rent deposit.

#LindaMaguireRE

 

 

 

http://lindamaguire.ca/mylistings.html/details-66001303

Read full post
The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association.