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The Equity in your home is like any other investment - it needs to be monitored. Homeowners should have their Equity evaluated once a year.
Now might be the perfect time...
An unexpected repair bill is the last thing you want when you move into your dream home. This month’s feature article highlights the importance of getting a home inspection so you can move in with confidence.
There are also some ideas on how to affordably update your bathroom as well as an introduction to Slack which is a powerful instant messaging tool that’s taking the online world by storm!
Thanks so much for checking out this month's newsletter. Please get in touch if you ever have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!
Toronto Real Estate Board President Mark McLean announced record TREB MLS® home sales for the first quarter of 2016 following a strong result for March transactions.
There were 10,326 sales in March and 22,575 sales in the first quarter. The year-over-year growth rate for sales was 15.8 per cent for Q1 2016 and 16.2 per cent for March 2016.
For the TREB market area as a whole, double-digit year-over-year rates of sales growth were experienced for all major home types during the first quarter.
The positive annual growth in sales was not mirrored on the listings front. The number of new listings entered into TREB's MLS® System during March and the first quarter were down compared to the same periods in 2015.
"At the beginning of 2016, TREB's outlook for the year pointed to a strong possibility of a second consecutive record year for home sales. This outlook was based, in part, on upbeat consumer survey results pointing to robust home buying intentions. It is clear that these upbeat intentions have translated into record first quarter results," said Mr. McLean.
The MLS® Home Price Index Composite Benchmark for March 2016 was up by 11.6 per cent compared to March 2015. The average selling price for all home types combined was up 12.1 per cent year-over-year in March and 13.6 per cent in the first quarter.
"Demand was clearly not an issue in the first three months of 2016, regardless of the housing market segment being considered. The supply of listings, however, continued to aggravate many would-be home buyers. We could have experienced even stronger sales growth were it not for the constrained supply of listings, especially in the low-rise market segments. The resulting strong competition between buyers has underpinned the double-digit rates of price growth experienced so far this year," said Jason Mercer, TREB's Director of Market Analysis.
SCOTIABANK CONTACT PHOTOGRAPHY FESTIVAL
Contact is the world’s largest annual photography event!
The annual Scotiabank Contact Photography Festival kicks off on May 1st and runs until the 31st of May.
Contact showcases a diverse range of photo-based works by both Canadian and International artists and this year, there will be over 1,500 artists in 200 exhibitions across the GTA.
Founded as a not-for-profit organization in 1997 and now a charitable organization, Contact is devoted to celebrating and fostering the art and profession of photography through a diverse range of programs.
This year marks the festival’s 20th anniversary and to help celebrate, there’s an expanded program focusing on 20 primary exhibitions at museums and galleries and 20 public installations at different sites across Toronto.
AVOID HEADACHES AND HEARTACHE WITH A HOME INSPECTION
Buying a home can be emotional, especially if it's love at first sight!
Imagine that you’ve finally found your dream home and you’re feeling on top of the world!
Now think how you’d feel once you’re all moved in only to discover it’s nothing but a money pit. Hidden surprises are the last thing you want to deal with.
It’s easy to overlook potential problems when you find a home you love as you tend to focus all your attention on the positive features.
Your mind’s made up and you just want to put in an offer as quickly as possible so you don’t lose it to another buyer. However, taking the time to have the home professionally inspected will help you see the full picture.
Home inspections help identify both existing and future problems. There's no such thing as a perfect house so don't be alarmed when minor issues arise. Look at it more as a valuable learning experience as most inspectors will discuss the home’s systems and offer advice on how they should be maintained.
Home inspections aren’t just for buyers. Sellers often have inspections completed before they put their property on the market so they're not caught off guard and forced into a vulnerable position. Knowing your product is key when it comes to sales so it's important to be fully aware of any existing problems beforehand so they can be dealt with accordingly.
Not everyone chooses to have a home inspection but if you want to avoid buying a home riddled with problems, it’s a worthwhile investment. Choose a certified home inspector who comes highly recommended and ensure the cost includes a written report. The knowledge and peace of mind you'll gain is well worth the expense.
BATHROOM MAKEOVERS THAT WON�T BREAK THE BANK
Updating your bathroom doesn't have to be a pricey project.
There are various ways to refresh a tired looking bathroom on a budget. Here are a few simple and inexpensive bathroom makeover ideas that’ll add value to your home without breaking the bank:
De-Clutter - Your bathroom will look cleaner and larger if you remove clutter. Throw out anything that’s expired and place items you rarely use in drawers.
Simple Spa - Create a room you can unwind in by rolling up plush towels in wicker baskets and adding some aromatic candles to create a natural, spa like atmosphere.
Upcycling - Add some creative charm with reclaimed wood and revamped furniture. An old wooden ladder for example makes a great towel holder.
Tropical Paradise - Breathe some life into your bathroom by adding a few plants. It'll create an oasis like feel and they'll love the humidity. Consider a hanging basket if space is tight.
Accessorize - It's easy to make an impact with small details so add some pizzazz by updating the shower curtain, drawer handles and towel racks.
It’s easy to update your bathroom without committing to a full on renovation and hopefully the ideas above will help inspire you. Don’t forget about the power of paint coupled with a beautiful, unique piece of art as this is another powerful yet simple way to freshen up a blah bathroom!
THE NEW WAY FOR TEAMS TO COMMUNICATE
The rapid growth of this hot new messaging app is insane!
Slack is a hugely successful messaging app that was built to help workplace teams share files and communicate with one another.
Slack is also a great communication tool for families. It’s like having your own private social network! You can use it to update grocery lists, co-ordinate calendars, schedule appointments and to privately share photos and videos.
Whether it be for business or pleasure, this hot new app is definitely worth checking out if you’re looking for a productive way to communicate and share information with a specific group of people. Let me know what you think!
Are you sick of scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold? Sit back, relax and let us do the work for you! Just visit The Johnson Team website and check off the features you're looking for. Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home.