Toronto Real Estate Market Update: February 2012 Statistics

Wow... what a February.  People are asking me Jas, what's happening to the market?  Are prices going to keep going up?  

When you see the FEBRUARY MARKET statistics you can't blame them for asking.  

Sure we had an extra day this year from 2011... but that can't account for the 1000 more homes SOLD and Average price up nearly $50,000.

So we had an increase of 16 percent in sales but new listings were only up 11 percent.  President of TREB, Silver also suggests that Buyers and Sellers are very much aware of the current market conditions because listings are selling for an average 99% of asking price.  I think, because it is a tight market, with very little inventory, Buyer agents have clearly educated the Buyers if they want to be successful in making a home purchase in Toronto, now is not the time for "low ball" offers!

We need a lot more listings on the market... otherwise there will be pressure on price to continue increasing, especially since interest rates are keeping home buying, still affordable for many first-time and move up buyers.

Are you planning to SELL within the next 3 to 6 months?  

I'd love to help you SELL.  We offer in home consultation with videos on how you can prepare your home to sell for thousands more.  Plus our Open House strategy & marketing plan makes sure you get the most eyes on your property to sell faster and for more. 

Download our "Listing Presentation" to see how REMAX and Team Jagpal can help you SELL.

Thank you,

Jas Jagpal, Boker  |  jasjagpal@gmail.com  | 647.272.6629

www.TeamJagpal.com 

Posted via email from Markham Homes for Sale : Markham Condos Real Estate : Investment Pre-Construction Condos

Open Houses- Doing It Right

It's no point having an Open House if it is not done right.  You might ask what do you mean?
Ok... we've all seen the "Garage Sale" signs... advertising a Garage Sale... usually it is at the nearest corner to the house.  When only a handful of cars drive by that corner, how many visitors do you think you'll get dropping by to check out what you have for sale?
How many Garage Sale signs do you miss?  They are printed on a cardboard with black pen/marker and just too difficult to read or are to small and by the time you get near you've driven by it.
Just like a Garage Sale - Open Houses have to be done right to get the greatest number of possible buyers through the house.  How?
1.  Team Jagpal uses up to 20 high quality, Color, LARGE bright signs pointing to the direction of the house that can be read from a distance and placed miles away
2.  Team Jagpal notifies the neighbours and invites them to view the home and to let their friends and family know
3.  Team Jagpal blogs it to thousands on Facebook, Twitter, Linked In, Newsletter and social media groups
4.  Team Jagpal notifies agents that work in the particular area
5.  Team Jagpal advertises on the MLS and creates effective color pamphlets to give to visitors
So if you believe that effective open houses will sell your house then give TEAM JAGPAL a call and get your house listed and sold within 60 days or we sell it for FREE*.  We will also do a weekly open house until your house sells!
© 2011 Jas Jagpal, BROKER, BSc. York University - C: 647-272-6629  O: 905-471-0002  F: 905-471-7441
             Jess Jagpal, Sales Representative : C: 416-312-9742   E: TeamJagpal@rogers.com 

* must be priced at market value and you must be willing to keep the house clean and tidy (staged) until it sells.  We waive our portion of the commission.

TESTIMONIAL "What I like about Jas is his sharp mind and his dedication to taking care of his clients.  In fact his newsletters and blogs are very informative and I love the fact that he has a down-to-earth approach, tells it how it is and doesn't play politics! I recommend Jas to anyone who is thinking of buying or selling.  You can depend on Jas and his team to look after you.  I'm glad I did!  Thank you Jas." Sathis

 © 2011 Jas Jagpal, BROKER, BSc. York University - C: 647-272-6629  O: 905-471-0002  F: 905-471-7441
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Posted via email from Markham Real Estate Blog

Wayne's McNugget

Just a couple of things over the past few weeks:

 •  Bank of Canada decided this week to leave rates alone (as expected), July is the anticipated month to see a movement in Prime

 •  Fixed mortgage rates are holding steady right now, you can still get a 5 year fixed mortgage under 4%

•  The new mortgage rules go into effect in 2 weeks (March 18^th) 

Wayne Marks
TD Canada Trust
Mobile Mortgage Specialist
GTA & Surrounding Markets
www.WayneMarks.ca 

"Getting your mortgage IS this comfortable!"

Sign Up For Vip Savings with Jas.  BUY • SELL • INVEST • Assign • Lease in the GTA.

Join my FACEBOOK FAN PAGE - "REAL ESTATE NUGGETS".

RE/MAX Dynasty Realty Inc.  O: 905-471-0002 Cell: 647-272-6629
E: jasjagpal@rogers.com W: www.JasJagpal.com  W: www.TheTorontoCondoRealEstate.com
© 2011 Jas Jagpal, Sales Representative, BSc. York University

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Posted via email from Markham Boxgrove Real Estate Blog

The Toronto Real Estate MARKET Update- Mid-February 2011

I'm starting a New Condo Blog: www.TheCondoReport.ca

From the Desk of Jas Jagpal - Sales Representative - RE/MAX - Feb 19, 2011

It's a very exciting time for me.  On a personal note: I'm getting my Broker's license and my wife her real estate license and she will be joining my team to help you buy, sell and invest in real estate.  Like myself, she has been in the service industry for over 20 years and currently assists clients with Investments products, RRSPs, RESPs, Life Insurance, etc.  I'm also writing a Blog for my children entitled:  NuggetsForMyChildren.com  -  I've been told it's a difficult read so I'm going to try to keep it simpler.  I can't write all day long... so let's get back to real estate...

 

How's the Real Estate Market?  We're getting Mixed Results.  There are fewer number of homes being sold... but the good news is the average price has increased by 5% in Feb 2011 from Feb 2010.

 

How's the Selling Market?  If I was thinking of selling.  Now would be the best time to do so.  There are FEW Listings on the Market.  Less competition usually means higher prices and a faster sale.

 

How's the Buyer's Market?  With new mortgage rules coming in April (30 year amortization from 35) and banks increasing mortgage rates... those 1st time Buyers who are sitting on the fence should try to buy now.  More importantly get yourself MORTGAGE APPROVED and have the bank HOLD the rate! Need a referral?  I can help.

 

How's the Investment Market? Investing is strong.  People are looking to broaden their investment portfolios and realize that Real Estate is a very profitable Long Term investment strategy.  Let me show you how to be a landlord and make money.

 

What New / existing VIP Condo Projects are available?  There are many.. a few are - Tridel's Aristo ; Westlake2 (South Etobicoke) ; Treviso (Duffering & Lawrence) ; Concord - Bayview & 401 ; EQ3 and Altitude 2 - Scarborough Town Centre; Tridel Ventus 2 - Kennedy & 401.  Signup for VIP updates.

Are you looking to Buy a Condo to live in?

If so and you have some equity the new way to do it is Buying an Assignment.  You buy below Market price.  Get Brand New luxury and save money.

Are you thinking of selling?

Have Jas and his team sell your home.  Get Jas's FREE Market Evaluation and a 45 minute no-nonsense consultation.  You get honest answers to your questions.  By the end you'll know what the market price is for your house/condo and what marketing strategies will help you sell.

First Time Buyer?

Make an appointment with Jas at his office and he will step-by-step walk you through and understand the Buying process.  We will never abandon you during the process and be with you even after you move into your new house/condo.  I've been told this 1 hour investment, is worth a million dollars!

Have any Real Estate related question? 

Ask Jas and he might Blog the answer on his Blog.

If you ever have any real estate, mortgage and financing questions than email me.  My real estate and mortgage team will be happy to answer your questions.

Check out: The Toronto Condo Real Estate website for great info on Buying, Selling, Assigning, Leasing and Investing in condos in Toronto, Scarborough, North York and the GTA.  

Jas Jagpal, RE/MAX - "Outstanding Agents, Outstanding Results"!

Cell: 647-272-6629  Off: 905-471-0002 

Personal Website: www.JasJagpal.com

Jas Jagpal, BSc. York University - Toronto RE/MAX Sales Representative
Cell: 647-272-6629  O: 950-471-0002   F: 905-471-7441

Sign Up For Vip Savings with Jas.  BUY • SELL • INVEST • Assign • Lease in the GTA.

Markham Boxgrove Homes, Morningside Heights Homes, Scarborough Town Centre Condos, Toronto Real Estate Houses: www.JasJagpal.com
Blog Posted on: www.1stoprealestate.ca : www.TheCondoReport.ca : www.LinkToMorningside.com : www.MarkhamBoxgrove.com
Do you own a Condo at Scarborough Town Centre and looking to sell? 
Consider getting Jas's Flat FEE MLS Listing and SAVE Money.
© Jas Jagpal, 2011

 

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Posted via email from Markham Boxgrove Real Estate Blog