by Paul Beauchamp
Viewed as one of North America’s consistently hot real estate markets, Toronto has savoured sustained growth for the past 20 years. There are still quite a few hot markets around the GTA area. When times are high, when times are low, there are always great deals in the GTA market, according to Monica I, one of Toronto’s best “people-oriented” real estate agents. (What a great attitude she has).
Monica points out a great recent online article from CMHC. CMHC Canada states that “The decline in housing starts in 2009 are because of a several factors, including the current economic climate, increased competition from the existing home market, and the impact of strong house price growth from 2002. Housing starts are expected to improve throughout 2009 and over the next several years to gradually become more closely aligned to demographic demand, which is currently estimated at about 175,000 units per year, according to Canada Mortgage and Housing Corporation’s (CMHC).
Another great online article from CMHC that Monica points out to her clients was this. CMHC Canada states that year-over-year, starts are still down. In May 2009, there were 760 starts in Atlantic Canada’s urban centres, compared to 1,094 in May 2008. In Quebec, there were 3,594, down from 4,659. In Ontario, urban starts fell to 3,665, from 6,570. Housing starts are expected to increase to 150,300 in 2010, from 141,900 in 2009, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook report. “Market activity will begin to strengthen in 2010 as the Canadian economy recovers, bringing housing starts more in line with demographic fundamentals over the forecast period,” says Bob Dugan, chief economist for CMHC.
Accomplished real estate agents constantly keep their clients interests in the fore-front of their mind, as Monica constintly researches the GTA marketplace everyday online. She remarks as a heads up, presale Toronto property undertakings are also well underway, including some high-end condominium hotels and high-rise tower residencies that will metamorphose the Toronto horizon forever. And for older homes in the GTA area, Monica states to add value, update the master suite, kitchen and bathroom to get agood return on the investmentif it is time to sell. So folks, if you are ready to get into the real estate market in Toronto, then congratulations, there are great bargains out there, especially with the interest rate at a low low rate of what 2.25% prime, if not less. Toronto, for many years was one of the hottest of the red-hot real estate markets in North America, with an % appreciation in your properties value in the double digits. When the real estate market is hot, one of the things you must keep in mind is to have a home inspection completed. And remember even if a market is hot, and you want to get into the action, always remember to go with a real estate agent whose total marketing presentation and rapport makes sense to you.
As a real estate agent, Monica can simplify your real estate search process by listening to your market and home needs. Once understanding your needs, she then utilizes cutting edge research technologies, along with contacting some of her information sources to find you the right home that matches your needs. Every since her first day in real estate, Monica strives to help Toronto home buyers and sellers make better informed decisions by providing them with informative articles and up to date MLS listings, all related to the property they wish to sell or purchase. She is a wealth of neighbourhood knowledge.
Another great online article from CMHC that Monica points out to her clients was this. CMHC Canada states that year-over-year, starts are still down. In May 2009, there were 760 starts in Atlantic Canada’s urban centres, compared to 1,094 in May 2008. In Quebec, there were 3,594, down from 4,659. In Ontario, urban starts fell to 3,665, from 6,570. Housing starts are expected to increase to 150,300 in 2010, from 141,900 in 2009, according to Canada Mortgage and Housing Corporation’s (CMHC) second quarter Housing Market Outlook report. “Market activity will begin to strengthen in 2010 as the Canadian economy recovers, bringing housing starts more in line with demographic fundamentals over the forecast period,” says Bob Dugan, chief economist for CMHC. As a real estate agent, Monica can simplify your real estate search process by listening to your market and home needs. Once understanding your needs, she then utilizes cutting edge research technologies, along with contacting some of her information sources to find you the right home that matches your needs. Every since her first day in real estate, Monica strives to help Toronto home buyers and sellers make better informed decisions by providing them with informative articles and up to date MLS listings, all related to the property they wish to sell or purchase. She is a wealth of neighbourhood knowledge.
So folks, from among the many Toronto real estate agents out there in the market, please verify first that you like the agent that you select. If you can not see eye to eye, or you dont feel a “in-touch with your needs” chemistry bond with them, it may not work. That is why I highly recommend Monica as one of the best Toronto real estate agents that can work with. You truly get your money’s worth. Monica knows the marketplace, so you may be able to catch the next hot neighbourhood boom in Toronto before it happens. Call her.
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