Scarlett Li's Real Estate E-Newsletter

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

Market Watch: March 22, 2010

Market Watch – March 2010 Canadian Housing Market Continues Its Healthy Upward Trend
The Canadian housing market continues its healthy upward trend across the country, with significant increase in both number of sales and sale value. This trend is expected to continue through to early Spring as we approach the upcoming changes to ... read more

How Will the New Mortgage Rules Affect the Canadian Market?
Finance Minister Jim Flaherty recently unveiled new mortgage rules aimed at stopping housing speculators and ensuring homebuyers can adequately handle their debts when interest rates inevitably rise. Mr. Flaherty stressed that Canada's real estate... read more

Tax-Deductible Moving Expenses
Have you recently moved to a new location? Do you know that you can deduct certain moving expenses on your next tax return, including transportation, packing and storage costs... read more

Condominium Occupancy Fees
Whenever you purchase a new condo, there is a period of time between when you take occupancy of your unit and when you take ownership of your unit. This is known as the ‘occupancy period’ or ‘interim occupancy’. During this period you will be request... read more

A One-Weekend Garage Makeover
Garages are the most hardworking spaces in your home. Investing a few hundred dollars in garage organization tools during one weekend will pay off in savings of both time and mone... read more

Compliments of Scarlett Li

SPECIAL MENTION
Review 2009 GTA real estate market trend in graphic - a more visual way to see what had happened in GTA's real estate market in comparison to previous years. view here

Whether you are thinking of buying or selling your home, or are just curious as to real estate values in your neighbourhood, you will want to make sure you talk to a real estate professional who is knowledgeable and familiar with the area.

I invite you to call me at (416) 705-5812 for the most up-to-date market informaiton about Markham, Unionville, Richmond Hill and Scarborough.

I am never too busy for your referral and
thank you for your trust!!


	MARKET REPORT Dear Friend, What a difference a year makes. Last February the lack of confidence created by the economic downturn in the States spilled over into Canada, as February sales slowed in Toronto to only 4,120 single family homes at an average sale price of $ 361,305. One year later, with renewed confidence in the economy and the specter of increased buying and selling costs, (the new HST tax), the volume of sales has skyrocketed to 7,291 single family homes in February (a 77% increase from 2009) and average prices increased 19 % year over year to $431,509. Definitely a great return anytime and especially compared to the stock market! I keep getting asked “is it too late to buy? Will prices drop? Should I wait to buy?” My answer is always the same. In the short term (1-3 years) prices may fluctuate. In the long term (5+ years) prices always increase. Why? Inflation, costs of construction, cost of land, increase demand (increase in population) Property will always increase, so the best time to buy is now! Today’s, buyers are (cocooning) more. They are buying bigger homes; buyers are buying condominiums close to their children’s Universities rather than letting them rent. Buyers are buying investment properties rather than investing in the stock market. Whatever the reason, as long as you are planning to hold the property for 5 years, now is the time to do it. The belief of homes increasing in value is not my guess, hope or prayer. It’s looking at history, its looking at other cities, London, New York, or Vancouver. The same price increases that have occurred there will occur here. If you have any questions, please feel free to call and chat and if you know of anyone considering buying or selling, I would appreciate your help in introducing them to me. I’m never too busy for your referrals! Have a great Spring! Click here to read the TREB report on February market Click here to read the TREB report on March Mid-Month Housing market

	If you, or someone you know, are thinking of making a move, please call me for the latest update on prices and sales activity in your area.

Scarlett Li
RE/MAX Realtron Realty Inc., Brokerage
Direct: 416.705.5812
Office: 905.470.9800
E-mail: scarlett@liscarlett.com
www.LiScarlett.com

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