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Searching for your dream home is supposed to be fun but it's an emotional journey that can quickly become overwhelming, unless you’re prepared. Our feature article offers some great advice that’ll help make your house hunting adventure much more enjoyable.
There are also some simple tips on how to wash your dishwasher (because they need a clean too!) as well as a few of the latest tech trends from the Las Vegas Electronics Show.
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 Greater Toronto Area REALTORS® reported a record number of home sales through TREB's MLS® System in February 2016.
There were 7,621 transactions reported this past February – up 21.1 per cent compared to February 2015.
The number of new listings entered into TREB's MLS® System was also up on a year-over-year basis but by a lesser 8.2 per cent. The fact that the annual rate of sales growth outstripped the annual rate of new listings growth shows a tightening of market conditions compared to last year.
"Even after accounting for the leap year day, sales were above the previous record for February set back in 2010. Sales were up strongly from the 15th day of the month onward as well, despite the new federal mortgage lending guidelines coming into effect that require at least a 10 per cent down payment on the portion of purchase prices between $500,000 and $1,000,000," said Mr. McLean.
Seller's market conditions continued throughout the GTA in February. Strong competition between buyers resulted in a healthy growth in selling prices. The MLS® Home Price Index (HPI) Composite Benchmark was up by 11.3 per cent year-overyear. The average selling price was up by 14.9 per cent annually to $685,278.
"Recent polling conducted for TREB by Ipsos suggested that GTA households will remain upbeat about purchasing a home in 2016. Early sales results for January and February certainly support this view. With strong sales up against a constrained supply of listings, home prices continued to trend strongly upward," said Jason Mercer, TREB's Director of Market Analysis.
Eat. Drink. Learn. Shop. All at the Food + Drink Market!
This April 8 - 10th come out and enjoy three delicious days of food and drink! The Toronto Food + Drink Market is held at the Enercare Centre, Exhibition Place (formerly known as the Direct Energy Centre).
The food festival showcases a wide array of products by more than a hundred vendors. There's also a Farmer's Market, Master Classes with top chefs leading cooking demonstrations and of course the ever popular Food Truck Alley!
Come out and let your taste buds guide you along as you sip, savour and sample your way through the market where it's all about eating, drinking shopping and learning. Hope to see you there!
House hunting’s exciting but if you’re not prepared, it can be stressful.
It’s easy to get frustrated and overwhelmed when you’re looking for a home which is why it’s important to properly prepare in advance. Here are a few points to consider before you start your search:
Finance Forward - Get pre-qualified so you know exactly how much you can afford as well as how much you’ll need for expenses such as legal fees and taxes.
Know Your Needs - Make a list of the features your new home must have and features you would like to have. Think about how long you plan on living in the home and whether or not it has to be in move-in condition.
Location, Location, Location - Determine whether the location of your home is more important than the home itself. Investigate different areas to determine what amenities are available as well as the location of schools.
The Bold & the Beautiful - Don’t be put off by the orange shag carpet or floral wallpaper as they’re relatively easy fixes. On the other hand, don’t get distracted by an incredibly well staged home. The key is to visualize the home with your items in it.
Old vs. New - Older homes have character and enjoy prime locations but they're less efficient and require more maintenance. Newer homes on the other hand are designed with functionality in mind but they’re often in unestablished areas with ongoing construction.
Preparing yourself for house hunting will make the experience much more enjoyable so do your best to get everything in order. In the meantime, start getting yourself acquainted with the market so that when the perfect home comes along, you’ll be ready to act with confidence!
Leftover food and soap scum can really gunk up your dishwasher.
Cleaning the dishwasher isn’t something we tend to think of but debris builds up over time which reduces its performance. Here are a few tips that’ll help keep your dishwasher in tip-top shape:
Get rid of Gunk - Clean the filter to get rid of caked on food and other debris to help with drainage and general cleaning.
Clean Up - Pour a cup of white vinegar into your dishwasher to wash away grease, grime and calcium deposits.
Freshen Up - Sprinkle a cup baking soda along the bottom of your dishwasher before running it on a short, hot cycle.
Accessories - Don’t forget about the racks and cutlery baskets as they can also accumulate grease and food pieces.
Your dishwasher needs to be properly maintained in order to perform at its best. If you follow these tips, your dishwasher will run more efficiently which will extend its lifespan plus your dishes will be extra clean and sparkly!
There are lots of ground breaking ideas that are shaping our world!
The annual CES show in Las Vegas is one of the largest consumer technology shows in the world. Here are a few of the coolest tech products to keep an eye out for this year:
Sky High - Drones are playing a huge role in search and rescue efforts as they minimize response times and reduce the risk of injuries for rescuers.
Really Real - Virtual reality has a wide range of uses from video games and business applications to even reshaping healthcare by treating stroke victims.
iHelp - Social robots are changing the way we live and the newest ones can even read our facial expressions. It’s said that one in ten households will have a home robot by 2020!
These are just a few of the coolest technologies to hit the market this year. Hi-tech fitness gadgets, smart connected homes and self-driving cars are also big themes that will continue to grow in popularity.
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.