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Toronto Real Estate News from The Johnson Team
Negotiating skills are useful for just about any situation but there are certain scenarios that may require a professional. This month’s main article discusses the importance of strong negotiating skills.
There are also some strategies to help your kids settle into a new school as well as a few apps to help you manage your stress levels.
Thanks so much for checking out this month's newsletter. Please get in touch if you 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 Larry Cerqua announced that Greater Toronto Area REALTORS® reported a record 9,813 sales through TREB's MLS® System in August 2016.
While this sales result was 23.5 per cent above the number of transactions reported for August 2015, it is important to note that the majority of sales are reported on working days and there were two additional working days in August 2016 compared to 2015. When the year-over-year discrepancy in working days is accounted for, the annual percentage change in sales is closer to 13 per cent.
"The conditions underlying strong demand for ownership housing remained in place, including a relatively strong regional economy, growth in average earnings and low borrowing costs. Unfortunately, we did not see any relief on the listings front, with the number of new listings down compared to last year. This situation continued to underpin very strong home price growth, irrespective of home type or area," said Mr. Cerqua.
The MLS® Home Price Index (HPI) Composite Benchmark for August 2016 was up by 17.2 per cent on a year-over-year basis. Similarly, the average selling price for all home types combined was up by 17.7 per cent on an annual basis to $710,410. Both the MLS® HPI benchmarks and average prices for low-rise home types were up by double digits percentage-wise.
"Population in the GTA continues to grow. The resulting growth in households coupled with favourable economic conditions and low borrowing costs means that we remain on track for another record year for home sales. Against this backdrop, TREB will also be releasing new third-party research, and consumer and REALTOR® survey results throughout the fall and winter, with discussions focusing on foreign buying activity and issues affecting the supply of ownership housing," said Jason Mercer, TREB's Director of Market Analysis.
NUIT BLANCHE: AN ALL-NIGHT ART AFFAIR!
Don’t miss this amazing city-wide contemporary art event!
The magic of Nuit Blanche returns to Toronto on Saturday, October 1st when hundreds of artists will transform the city with contemporary art projects that take place from nightfall to the crack of dawn!
The 11th edition of Nuit Blanche will feature more than 80 art projects from Toronto's art community and 4 curated exhibitions produced by the City of Toronto.
This year’s main Nuit Blanche exhibitions include: Militant Nostalgia; And the Transformation Reveals; Facing the Sky; and Oblivion.
It's easy to access the all-night art show by foot, bike, transit or car. There will be extended TTC service on part of the subway line and partial road closures will make access easy for pedestrians. Experience the exhibitions, explore different neighbourhoods and take in the all-night art party!
THE IMPORTANCE OF STRONG NEGOTIATING SKILLS
Strong negotiation skills aren’t just for business transactions.
You often don’t realize you’re using them but whether you're renting a car, asking for a raise or trying to get your kids to clean up their room, strong negotiating skills are essential.
Negotiating is a life skill that can be easily learned and eventually perfected. Your success is partly based on how well you're prepared so it’s important to do your homework.
Also, never make assumptions but instead ask questions and listen to the other party’s perspective in order to gain their trust and to gather valuable information that may come in handy later.
There are certain scenarios where it’s best to use a third party negotiator. The home buying/selling process can be very complex. In order to successfully negotiate, you need to understand local market conditions but you also need to be able to identify specific psychological aspects in order to work around certain fears and motivations and turn them into advantages.
Even if you consider yourself the world’s greatest negotiator, emotions can often tear things apart. If you negotiate with someone directly in such an emotionally charged situation as selling a home, chances are that negative personal feelings will get in the way. It's hard to recover once that happens and oftentimes, the home of your dreams will be lost due to ego, pride or principle.
Emotions run very high when it comes to buying or selling a home which is why it's important to have a real estate agent represent you as a third party negotiator. Professionals are able to see things through to the end by remaining calm and not letting their emotions get in the way. If you're thinking about making a move, please get in touch so that we can discuss your options.
HELPING YOUR KIDS ADJUST TO A NEW SCHOOL
Starting fresh at a new school can sometimes be a challenge.
Switching to a new school can cause children considerable stress and anxiety. If your child has just started at a new school, the following tips will help them settle in:
Be Positive - Discuss your children's fears while encouraging a confident approach to making new friends
Fear Not - Chances are you'll be a little nervous too. Be careful not to transfer your anxieties over to them.
Join Up - Encourage your children to join school clubs/teams and participate in after-school activities in order to meet new friends and have fun.
Join In - Parent teacher groups are a great way for you to connect with the school community. Attending field trips is another great way to get involved!
Moving to a new school can be a difficult transition so try to emphasize the positive when discussing the challenges and opportunities your children face. By encouraging them to share their feelings with you, it'll be much easier for them to adjust to their new surroundings.
A FEW APPS TO HELP YOU KEEP YOUR COOL
So many emotional and physical illnesses are related to stress.
Instead of being the source of your stress, your smartphone can actually help you relax with some great apps designed to relieve stress and anxiety.
Meditation is a huge stress reliever and apps such as Headspace are great at helping to guide you through the process.
Being grateful also reduces stress and increases happiness. There are various apps like Grateful Journal to help you record your moments each day.
Finally, exercise is a great stress reliever but it can be hard to find the time. Apps such as the 7 Minute Workout contain bodyweight resistant exercises including squats and push-ups to pump up your endorphins and help you feel great!
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.