For those of you who may not how this new trend of the future works, please don't hesitate to contact me and Ill show you how.
Wednesday, November 24, 2010
PropertiesInStyle goes High Tech, again
For all you "techno geeks" out there, and I mean that in the nicest way possible, the QR code for my new listing is here.
For those of you who may not how this new trend of the future works, please don't hesitate to contact me and Ill show you how.
For those of you who may not how this new trend of the future works, please don't hesitate to contact me and Ill show you how.
Tuesday, November 23, 2010
Properties InStyle has a QR Code
Are you a techie, or are you up on the latest digital barcoding?
I attended a seminar the other day and learned about a new coding (see left) called QR Coding.
This will be the next "thing" that will transform the way we advertise, scan and read articles in the future.
So I thought I'd give it a try and I transformed my website URL into the new coding.
I attended a seminar the other day and learned about a new coding (see left) called QR Coding.
This will be the next "thing" that will transform the way we advertise, scan and read articles in the future.
So I thought I'd give it a try and I transformed my website URL into the new coding.
If you have and iphone, you can download the application from the app store (its free) and start scanning the QR codes you find in the workplace!
Try this one!!
Monday, November 22, 2010
Condos lead new-home sales in GTA
STEVE LADURANTAYE
REAL ESTATE REPORTER— Globe and Mail Update
Published Monday, Nov. 22, 2010 11:15AM EST
Seventy per cent of the new homes sold in the Greater Toronto Area in the second busiest October on record were high-rise condo units, according to stats released Monday by the Building Industry & Land Development Association.
High-rise condo sales were 27 per cent higher than last October, BILD said. Of the 30,914 new homes sold this year, 56 per cent have been high-rise condos.
More related to this storyNew house prices advance
New house prices sidebar
Canadian mortgage debt tops $1-trillion for first time
Sales of single-detached, semi-detached and town homes have fallen 32 per cent compared to last October, as more people opt for suburban condos rather than a more traditional home.
“Although the City of Toronto continues to account for the bulk of all condo sales, the biggest spikes in activity were in the Regions of Peel and York,” said BILD chief executive officer Stephen Dupuis. “The high-rise housing craze has started to spread to the suburbs and it's a trend which will continue to grow.”
He attributed the slowdown in new low-rise housing to price differences, with a high-rise condo costing about $75,000 less for a similar sized property.
“The high-cost of low-rise living is a reflection of the low levels of inventory available,” he said.
A regional breakdown:
Low rise sales
Durham -43%
Halton -29%
Peel -64.2%
Toronto -2.5%
York -1.5%
GTA -32%
High rise
Durham 11%
Halton 40%
Peel 164%
Toronto 14.2%
York 138%
GTA 27.2%
Dont forget to go to Propertiesinstyle.com for all your real estate information and the latest new listings entering the market. Call Geon van der Wyst today.
REAL ESTATE REPORTER— Globe and Mail Update
Published Monday, Nov. 22, 2010 11:15AM EST
Seventy per cent of the new homes sold in the Greater Toronto Area in the second busiest October on record were high-rise condo units, according to stats released Monday by the Building Industry & Land Development Association.
High-rise condo sales were 27 per cent higher than last October, BILD said. Of the 30,914 new homes sold this year, 56 per cent have been high-rise condos.
More related to this storyNew house prices advance
New house prices sidebar
Canadian mortgage debt tops $1-trillion for first time
Sales of single-detached, semi-detached and town homes have fallen 32 per cent compared to last October, as more people opt for suburban condos rather than a more traditional home.
“Although the City of Toronto continues to account for the bulk of all condo sales, the biggest spikes in activity were in the Regions of Peel and York,” said BILD chief executive officer Stephen Dupuis. “The high-rise housing craze has started to spread to the suburbs and it's a trend which will continue to grow.”
He attributed the slowdown in new low-rise housing to price differences, with a high-rise condo costing about $75,000 less for a similar sized property.
“The high-cost of low-rise living is a reflection of the low levels of inventory available,” he said.
A regional breakdown:
Low rise sales
Durham -43%
Halton -29%
Peel -64.2%
Toronto -2.5%
York -1.5%
GTA -32%
High rise
Durham 11%
Halton 40%
Peel 164%
Toronto 14.2%
York 138%
GTA 27.2%
Dont forget to go to Propertiesinstyle.com for all your real estate information and the latest new listings entering the market. Call Geon van der Wyst today.
Sunday, November 21, 2010
View Geon Van Der Wyst's profileFollow Me On Twitter!!!
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Click the icon and sign up to follow me on my daily schedule and routine and learn first hand when the hottest listings enter the market.
New listing
For Rent; at Yonge and Bloor
$1675/mnth including parking and locker and hydro
One bedroom, One bathroom with large kitchen. Sunny south view with Juliette balcony.
Great amenities include, guest suites, exercise room, 24hr concierge, ample visitors parking.
Directly across from Sherbourne Subway. Building overlooks Rosedale Valley Ravine.
Occupancy; Immediately.
Go to www.propertiesinstyle.com to see more information and photos
$1675/mnth including parking and locker and hydro
One bedroom, One bathroom with large kitchen. Sunny south view with Juliette balcony.
Great amenities include, guest suites, exercise room, 24hr concierge, ample visitors parking.
Directly across from Sherbourne Subway. Building overlooks Rosedale Valley Ravine.
Occupancy; Immediately.
Go to www.propertiesinstyle.com to see more information and photos
Tuesday, November 16, 2010
Housing Set To Find Even Keel in Spring
By STEVE LADURANTAYE From Tuesday's Globe and Mail
Low rates, inventories should bring equilibrium to market; October prices flat from year ago, but sales make third monthly gai
Record low interest rates and a lack of houses on the market have rekindled demand for Canadian real estate, helping to pull the industry out of its sales slump and setting the stage for the most balanced spring market in years.
The Canadian Real Estate Association said Monday that although prices were flat in October and sales slid more than 20 per cent compared with a year earlier, the market posted its third straight month of increased sales.
In a sign of stabilization after two years of wild fluctuations, CREA said October sales were halfway between the lows of December, 2008, and the record high of December, 2009.
Economists said October's data likely means the market bottomed out in July; while prices won't rocket to previous highs any time soon, it's unlikely they have much farther to fall.
"It seems to me the Canadian housing market has been either feast or famine," said BMO Nesbitt Burns economist Douglas Porter. "But now buyers are facing low rates on one hand, and daily volleys about how bad the market is on the other. That should keep things from getting overly hot, and gives me reason to believe we could have a balanced market in the year ahead."
After slowing in the recession of 2008, sales activity reached a fevered peak in December, 2009, as buyers rushed back into the market.
Average resale prices peaked at an all-time high $346,881 last May, causing concern that cheap money was driving prices to unsustainable levels. The average resale price in October was $337,842, CREA said.
The market came to an abrupt halt last July, with major regions such as Vancouver and Calgary posting sales drops of nearly 45 per cent and prices pulling back from May's high. Several factors were cited for the decline: The federal government introduced rules that made it more difficult to qualify for a mortgage, and Ontario and Quebec introduced harmonized sales taxes that made the services associated with buying a home more expensive.
Would-be buyers also faced a barrage of warnings from organizations such as the Bank of Canada, the OECD and International Monetary Fund, all of which have cautioned that as interest rates rise, many Canadians might not be able to make their mortgage payments.
But mortgage rates have actually dropped in the past three months and now sit at all-time lows. A survey by the Canadian Association of Mortgage Professionals released last week showed that Canadians are confident they could shoulder higher mortgage payments without too much difficulty, with 84 per cent saying a $300 monthly increase was no problem.
"There are many reasons to now be optimistic," said TD Bank senior economist Pascal Gauthier, who called for prices to fall 10 per cent from peak to trough but now expects to issue a more upbeat forecast later this week. "I think there are now limits to both the upside and the downside - things may have firmed up quicker than we expected."
With the number of houses listed for sale sharply lower than in July, prices are expected to stay firm as buyers compete the few homes available. The months of inventory - the amount of time it would take to sell everything that is for sale, at the current rate of sales - sat at 6.2 months in October, down a full month compared with the July figure.
That doesn't mean prices are likely to catch fire again in the spring, when activity traditionally accelerates, but it should help keep prices from dropping as buyers and sellers hit the market in equal numbers.
"Affordability drives sales and record low mortgage rates are driving affordability," said Phil Soper, the chief executive officer of Brookfield Real Estate Services. "I think next year should look a lot like the recent market - with relatively flat prices and fewer overall transactions."
Go to www.propertiesibstyle.com for new hot properties entering the market and call Geon van der Wyst today for your private showing.
Low rates, inventories should bring equilibrium to market; October prices flat from year ago, but sales make third monthly gai
Record low interest rates and a lack of houses on the market have rekindled demand for Canadian real estate, helping to pull the industry out of its sales slump and setting the stage for the most balanced spring market in years.
The Canadian Real Estate Association said Monday that although prices were flat in October and sales slid more than 20 per cent compared with a year earlier, the market posted its third straight month of increased sales.
In a sign of stabilization after two years of wild fluctuations, CREA said October sales were halfway between the lows of December, 2008, and the record high of December, 2009.
Economists said October's data likely means the market bottomed out in July; while prices won't rocket to previous highs any time soon, it's unlikely they have much farther to fall.
"It seems to me the Canadian housing market has been either feast or famine," said BMO Nesbitt Burns economist Douglas Porter. "But now buyers are facing low rates on one hand, and daily volleys about how bad the market is on the other. That should keep things from getting overly hot, and gives me reason to believe we could have a balanced market in the year ahead."
After slowing in the recession of 2008, sales activity reached a fevered peak in December, 2009, as buyers rushed back into the market.
Average resale prices peaked at an all-time high $346,881 last May, causing concern that cheap money was driving prices to unsustainable levels. The average resale price in October was $337,842, CREA said.
The market came to an abrupt halt last July, with major regions such as Vancouver and Calgary posting sales drops of nearly 45 per cent and prices pulling back from May's high. Several factors were cited for the decline: The federal government introduced rules that made it more difficult to qualify for a mortgage, and Ontario and Quebec introduced harmonized sales taxes that made the services associated with buying a home more expensive.
Would-be buyers also faced a barrage of warnings from organizations such as the Bank of Canada, the OECD and International Monetary Fund, all of which have cautioned that as interest rates rise, many Canadians might not be able to make their mortgage payments.
But mortgage rates have actually dropped in the past three months and now sit at all-time lows. A survey by the Canadian Association of Mortgage Professionals released last week showed that Canadians are confident they could shoulder higher mortgage payments without too much difficulty, with 84 per cent saying a $300 monthly increase was no problem.
"There are many reasons to now be optimistic," said TD Bank senior economist Pascal Gauthier, who called for prices to fall 10 per cent from peak to trough but now expects to issue a more upbeat forecast later this week. "I think there are now limits to both the upside and the downside - things may have firmed up quicker than we expected."
With the number of houses listed for sale sharply lower than in July, prices are expected to stay firm as buyers compete the few homes available. The months of inventory - the amount of time it would take to sell everything that is for sale, at the current rate of sales - sat at 6.2 months in October, down a full month compared with the July figure.
That doesn't mean prices are likely to catch fire again in the spring, when activity traditionally accelerates, but it should help keep prices from dropping as buyers and sellers hit the market in equal numbers.
"Affordability drives sales and record low mortgage rates are driving affordability," said Phil Soper, the chief executive officer of Brookfield Real Estate Services. "I think next year should look a lot like the recent market - with relatively flat prices and fewer overall transactions."
Go to www.propertiesibstyle.com for new hot properties entering the market and call Geon van der Wyst today for your private showing.
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