Scarlett Li's Real Estate E-Newsletter

Right At Home Real Estate Agent Scarlett Li - A Realtor Who Knows Life With Style

Market Watch: August 30, 2010

Market Watch – August 2010 Summer Cool Down Continues
The Canadian resale housing market continues to ease up. July sales dropped drastically when compared with the same month last year. This slow-down is not surprising in the face of tighter mortgage regulations and rising interest rates..... read more

First-Time Home Buyers Tax Credit (HBTC)
The First-Time Home Buyers Tax Credit (HBTC) is one of the measures provided by the federal government in 2009 to encourage investment in Canadian housing... read more

How Credit Score Affects Your Mortgage Rate
When you apply for a new loan, the loan officer will check your credit history first. Your credit score in most cases influences the amount you can borrow and also your interest rate. Understanding your credit score in a better way enhances your.... read more

Interior Design Tips: Home Theatre Decorating Ideas
A home theatre has quickly become a must-have for practically every family. From the simple family room setup to a much more elaborate theatre-seating wonder, today’s home theatres aren’t just for the wealthy anymore..... read more

Green Living - How to Avoid and Repel Mosquitoes Naturally
Nothing ruins a lovely summer evening faster than being attacked by hungry mosquitoes. With the arrival of the West Nile Virus, mosquitoes have become a dangerous insect for the first time in many years..... 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, Now is The Time! I hate to say it, but if you are thinking of buying, it's a great time to do it. The first seven months of 2010 have been an extremely busy time. The total number of sales was up 12% over the same period last year and the average selling price was up 12% as well to $432,253. You might think that after such a hot market, you should wait and see what happens, a natural reaction.! What created the frenzied market of 2010? There were several factors. An increase in mortgage rates, the anticipated HST tax increase, a low inventory of homes and a continuing strong economy all resulted in one of the hottest markets Toronto has ever seen. With the Spring Market over, we have entered into a very hot and dry Summer. Many real estate agents as well as Buyers and Sellers have decided to rest and enjoy the weather, to get back to house hunting in the Fall. That means that in the Fall, the same conditions that created multiple offers and bidding wars, (low supply of available homes for sale and many buyers) will repeat themselves. In the peak of the market, 1 out of 2 houses were selling. Today it's 1 out of 4! That means that as a buyer you can find the right house, take some time to think about it and I have the time to put my negotiating skills to work for you to make sure you get the house you want at the price and terms you need. If you are even considering buying later in the year or have a friend or relative thinking about it, let’s get together and let me show you why NOW, is the time! Enjoy August, and remember, I am never too busy for your referrals. Click here to read the TREB report on July market Click here to read the TREB's August 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
Sales Representative
Right At Home Realty Inc., Brokerage
Direct: 416.705.5812
Office: 905.695.7888
E-mail: scarlett@liscarlett.com
www.LiScarlett.com

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