Gorgeous house with an amazing floorplan! Located in Brampton by Edenbrook / Sandalwood. Cathedral ceilings and a Hollywood kitchen that comes with stainless steel appliances. 3 bedrooms and 2.5 washrooms. Call me at (905)277-0771 to view this beautiful property.
Mid-Month January GTA Housing Resales at 888
TORONTO, January 19, 2009
Greater Toronto REALTORS® reported 888 sales during the first half of January compared to 1,776 in the first 15 days of 2008. “According to Statistics Canada the economic situation throughout Canada changed noticeably over the past year with job losses in the fourth quarter of 2008. Toronto is not immune to this, the GTA housing market has been impacted,” according to TREB President Maureen O’Neill.
The average GTA price mid-way through January is $332,495 from $367,574 during the same period in 2008. The median GTA price was $301,000 compared to 316,000 last year. “While sales have declined, listings have remained high. GTA home buyers have benefitted from more choice,” explained Ms. O’Neill. “Historically, increased choice in the marketplace has equated to a moderation in price growth.”
In January 2009, stronger declines in sales and prices were experienced in the City of Toronto. “Sales for January a year ago may have been elevated by the flurry of transactions completed before the city’s land transfer tax went into effect,” added Ms. O’Neill. “The costs of home ownership in the 416 has increased due to the added land transfer tax many home buyers now face in the City of Toronto. Some households considering the purchase of a home in the City have either put their decision on hold or looked elsewhere in the GTA.”
Source: Toronto Real Estate Board
If you’ve come this far, then this means only one thing: congratulations, you’ve successfully sold your Brampton home! But, don’t forget to tie up these loose ends:
Final Walk-Through Inspection. More than just a formality, the final inspection takes place shortly before the scheduled date and time for closing (often the day before or the day of closing). The buyer and his agent visit the home to verify that all is in working order, that all agreed repairs have been made, that all of your belongings have been removed, and that no additional damage was done to the home in the time between contract signing and settlement. To avoid any last minute upsets, you will want to plan your move out with enough time left over to return to the home, collect any forgotten items, ensure the home is reasonably clean and free of debris, and in good condition. If something is damaged in the move, you will want to ensure that it is fixed before the final walk through as well. Remember, from a buyer’s perspective, buying a home is a great achievement, but it is also fraught with tension, nerves, and anxiety. A clean home with no nasty surprises will help alleviate a buyer’s concerns and will help to ensure a smooth settlement. Plus, its just a nice thing to do. As your agent, I will be a resource for you to help line up movers, cleaners, junk haulers, and repairmen, as needed, to help you deliver your home to its new owner in the required condition (or even better).
Cancel Home Services and Utilities. You will be responsible for canceling all utility and service accounts in your name as of the date of closing. Of course, you will be responsible to pay the final bills for these utilities and services through the date of closing. Often the buyer won’t be able to set up his account until your has been closed, so be sure to add that to your to-do list before closing.
Be Prepared. Even if you do everything right and the buyer does everything right, sometimes problems do arise. It ain’t over ’til its over, as they say. So, be prepared and remain calm. As your agent, I am here to assist you should an unforeseen glitch pop up, even at this last stage. Something at the house breaks down, the buyers’ loan doesn’t pull through on time – no need to worry. I’ve encountered these problems before so I can help you handle these problems efficiently and keep everything moving forward.
Closing. This is it – you sign the deed transferring ownership, the buyer pays the purchase price, you hand over the keys and garage openers and everyone walks away (hopefully) very happy. The closing is the culmination of the weeks or months of preparation and work involved in selling your home. Congratulations!
More more questions on the Brampton real estate market drop me an email.
This house is located in Brampton by Edenbrook / Sandalwood. 3 bedrooms with 3 washrooms. The house is vacant and ready for immediate possession. Asking only $305,000 (negotiable), similar houses few months ago were selling for $10,000 to $15,000 more! Located right in front of the park, very family friendly neighbourhood. To view this great property give me a call.
I have been putting up monthly statistics for the Brampton and Georgetown real estate markets. You can find them on the right hand menu. Here are the yearly numbers (includes all sales conducted through the Toronto Real Estate Board).
Year – # of sales
2008 = 74,552
2007 = 93,193
2006 = 83,084
2005 = 84,145
2004 = 83,501
2003 = 78,898
2002 = 74,759
2001 = 67,612
2000 = 58,343
1999 = 58,957
1998 = 55,344
Brampton real estate stats
6,863 houses sold in 2008 in Brampton.
Average days on the market was 33.
They sold for 97.5% of asking price.
Hope this information was useful. If there is an area of Brampton or Georgetown (particular streets etc..) that you wish to stay updated on then let me know. I will set you up on my MLS system so you receive regular updates.
If you’re interested in selling your house use my complimentary Brampton home evaluation or start here if you’re ready to buy a Brampton house. Contact Brampton Real Estate Agent Vic Singh and you can expect a reply within 15 minutes!
Remodeling in Toronto is an exciting and rewarding experience. There are a lot of beautiful homes and apartments ready and waiting to accept a makeover!
The hardest choice is where to begin and then how to fit all the project components together to ensure you are completely happy with the outcome – within your desired time frames and within budget.
Remodeling may come easy to you and you may complete your project quickly and on budget. Or you may be like the rest of us and have a great plan, but no idea about how to begin to initiate the process – have you ever thought about hiring one of the highly qualified Renovation Coach in Toronto?
The thought of hiring someone to do something you think you should be able to do yourself is sometimes a little difficult, but how can a Renovation coach in Toronto help you?
Well to begin with, the job of a Renovation Coach is to act as a ‘middle man’, they find the best contractors available to do the particular job you need completed. General contractors are responsible for finding you the best most qualified contractor available that will help you to complete your dream remodeling project.
So you have decided to use some of your budget to access the services of a Renovation Coach to help you to complete your dream project, you need to get the best results for your money – but how?
The first thing you will need to remember is that you have to be ready to be completely open and honest with your communication. You will be relying on this person to achieve maximum results for you and you need to develop trust early in the relationship.
There are a number of things that you can do to establish a trusting relationship. You may begin to research the availability of good Renovation Consultants in Toronto with friends and family or perhaps at work. If people can recommend someone the next obvious step is to view their work, either in person or by looking at photographs, and then discuss in detail the overall professionalism of the Renovation Coach to get a better understanding of their work ethic. If you don’t know anyone who has accessed the services of a Renovation Coach in Toronto, then do your own research, look for someone who specializes in the projects you require, set up a meeting with them and view their work.
The next thing you should do (if you haven’t already) is confirm your plans. What do you want to achieve for your space, how much money do you have to spend and what time frames do you have in mind. Without these basic decisions, your project will either not begin or will end up costing you a lot of money and time!
Ensure you have details about the size of the space you want to change, information about your building and any building permits or local regulations that you need to abide by. Do the research! Make it easy for your contractor and put together a book of ideas full of your favourite materials, fabrics, colors and fittings! Take photographs of existing spaces that friends and family live in, visit art galleries to get a better idea of colors and textures, and really research thoroughly what you want.
A good Renovation Coach will help you to access sub contractors and products quickly and easily, and will be worth the money so that you can spend more time worrying about other things in your life. In saying this, however, verbally stress the importance of your budget and time frames – you don’t want to spend more money than you need to.
Renovation Coaches have so much knowledge and access to the latest products, materials and technologies, try not to get too carried away with what they offer. Be really clear and upfront with all items that will potentially cost you money, no matter how attractive they appear. Hiring the services of a Renovation Coach has the potential to make your life stress free for the duration of the intended remodeling project.
If you embark on your project with a positive attitude, have a clear understanding of what you want and need, stick to your budget and time frames and maintain an open level of communication with your contractor you will be happy with the end result.
Thanks to The Reno Coach for this. www.the-reno-coach.com
For questions on the Brampton real estate market drop me an email.
| #1. Choose the type of home that meets your lifestyle |
| Do you like being close to downtown, or would you prefer living outside the city? Do you like or dislike the prospect of maintaining a lawn and garden? Where would you like your children to attend school? These are lifestyle decisions that play a large role in the new home buying process. |
| #2. Determine what you can afford |
| Once you’ve chosen the location and the type of new home that fits your needs, meet with a financial representative to determine a mortgage amount that you can comfortably afford. This will ensure that you spend your time wisely on homes within your price range. You should also consider getting a pre-approved mortgage, which will allow you to shop with added confidence. |
| #3. Research your builder |
| Talk to homeowners in the neighbourhood(s) you’re interested in. Find out if they were satisfied with the level of after-sales service that they received from their builder. |
| #4. Talk with a real estate lawyer |
| Before you sign your Agreement of Purchase and Sale (APS), which is the contract for the construction of your home or condominium, there are a number of steps to take. One of the most important is to have your APS reviewed by a qualified real estate lawyer. There are additional steps and issues for you to consider, and we have created a list of them for you to review when you’re making the deal. |
If you are in the rental market chances are you will be flipping through the Brampton Guardian or checking on Craigslist. Another option is to check the MLS. While agents focus most of their energy on selling houses there are still quite a few rentals available at anytime in Brampton.
Last year, there were over 500 houses / condos rented out just in Brampton through the MLS. Rental prices for basements started around $600 and went up all the way up to $4,000 for full detached houses. It doesn’t cost you anything to use the services of an agent for this purpose. Might want to consider keeping this option open. All the best in your search.
For general questions on the Brampton real estate or Georgetown real estate market drop me an email.