Scarlett Li's Real Estate E-Newsletter

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GTA RE/MAX Agent Scarlett Li - A Realtor Who Knows Life With Style


	Market Watch: September 6, 2008 Solid condominium performance bolstered by affordability in the first half of 2008, says RE/MAX Condo sales increase in 30 per cent of GTA districts, while 87 per cent post gains in average price over 2007 Mississauga, ON (September 3, 2008) –Showing remarkable resilience in a complex real estate environment, sales of condominium apartments, town homes, and lofts moved ahead of 2007 levels in 30 per cent of districts examined in the GTA this year, according to RE/MAX Ontario- Atlantic Canada. Condominiums proved to be as solid an investment as single-detached homes in 2008, with property values of both rising virtually across the board in the first half of the year. The average price of a condominium appreciated in close to 87 per cent (52/60) of Toronto Real Estate Board districts examined by RE/MAX -- with 20 per cent (12/60) reporting double-digit increases from January to June 2008, compared to one year ago. Affordability has played a key role in market performance over the past six months Price-sensitive purchasers clearly broadened their search perimeters, looking to Toronto’s bedroom communities for more affordable detached housing, while condominiums have provided monetary relief, especially in the central core. Demand for condo apartments, towns, and lofts is expected to be solid for the remainder of the year as a result. Click here to read the whole article


	Renovation Tips A New Kitchen If you are looking for the best bang for your renovation dollar, kitchens and bathrooms are still considered to be the projects with the highest potential to add or maintain value in a home. According to the Appraisal Institute of Canada, if you are remodelling your kitchen as a face-lift prior to selling it, it’s recommended that you spend no more than 10-15% of the cost of your house. If you are going to remain in your house for more than five years, you can spend 25% or more – and in most cases you will recoup the cost of the renovation when you sell. Read The Whole Article

Scarlett Li
RE/MAX Realtron Realty Inc., Brokerage
Direct: 416.705.5812
Office: 416.289.3333
E-mail: scarlett@liscarlett.com
www.LiScarlett.com

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