Scarlett Li's Real Estate E-Newsletter

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

Market Watch: June 27, 2010

Market Watch – June 2010 Canada's Hot Resale Housing Market Starting to Cool
Home sales activity in Canada came up short of the record for the month of April and new listings continued to climb, according to statistics released by The Canadian Real Estate Association... read more

Is an Open House Worth the Effort?
Open houses require a lot of preparation and are inconvenient to the home occupants and the selling agent. Many agents now refuse to hold open houses, considering them a waste of time and a security threat. And many sellers prefer to open their doors... read more

Buying an Old House! A Money Pit or Gold Mine?
It's like a love affair; some older homes make your heart skip a beat! It is hard not to fall in love with an older home’s historic unique architecture, gabled roofs, hardwood floors, crown moldings, and antique light fixtures—older homes definitely... read more

Transform Your Kitchen with Updated Lighting
Nowadays, the kitchen is becoming the hub of the house. It is not just a place where meals are prepared—most families enjoy gathering in the kitchen. Some people like to entertain their close friends in the kitchen. As well, kids are also opting to... read more

Government Programs - HST New Housing Rebate
You may be eligible to claim a rebate for a part of the HST you pay on the purchase price or cost of building your home if... read more

Compliments of Scarlett Li

SPECIAL MENTION
Review 2010 GTA real estate market trend in graphic - a more visual way to see what had happened in GTA's housing 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, The real estate market continued to be extremely active in May with the sale of 9,470 homes, resulting in the third best May in the history of the Toronto Real Estate Board. The average price of a home rose to $434,155, up 9.7% since the start of 2010, more proof as to the great investment that real estate really is. The first five months of 2010 have been extremely busy, brought on by the specter of rising interest rates and the new HST (Harmonized Sales Tax). While the rest of 2010 will continue to be active, I do not believe sales will maintain their current torrid pace. With April’s 10,898 sales being the “peak “of 2010’s market, the number of sales will slow down as we head first into the Summer months and then into the end of the year. The number of homes available for sale increases with the Summer market as well and now stands at 25,414. While there are fewer buyers and more homes for sale, prices will not decrease. Buyers will have more choices to pick from, but well priced homes will sell and for top dollar. Those sellers who will be represented by professional agents who know how to price, market and negotiate on their behalf will do better, the others will not. Last year, 2009, out of the 30,000 agents on the Toronto Real Estate Board, over 7,000 did not sell 1 home all year! There is a difference in agents and companies. My company, RE/MAX, spends about $9,000,000 per year in media advertising in the Toronto area alone. That attracts more buyers to me and with more buyers I can sell your home faster and for more money! June and July will see approximately 8,500 homes sold, 1 out of 3 homes for sale. Two out of three homes will not sell! It is a great time to get into the real estate market. Call me and let me show you the benefits of upgrading your home today. Click here to read the TREB report on May market Click here to read the TREB's Mid-month June 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
Each office independently owned and operated
Direct: 416.705.5812
Office: 905.470.9800
E-mail: scarlett@liscarlett.com
www.LiScarlett.com

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