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Consumer Best Interests

SOLD IN ONLY 2 DAYS – OVER, OVER ASKING … 666 Euclid, Outstanding 3 Plex Investment

May 7, 2014 by James Metcalfe Leave a Comment

666 Euclid is Perfect for Discerning Tenants & or Owner Occupied Investment Home in Prime Annex. Four Suites, Numerous Upgrades Throughout, Three Tandem Car Parking, Great Revenue to Value CAP Rate, Expertly Maintained, Steps to Bloor Shops, Restaurants, Transit and Parks.
See “Tools” Section “Documents” for Floor Plans, Revenue Expense Summary, Features List by Suite.
Call me for a viewing or for more information … Buying or Selling James Metcalfe 416-931-4161

Filed Under: Consumer Best Interests, Fabulous Homes, Investment Opportunities, Your Next Move ... Up-Sizing / Down-Sizing Tagged With: Annex Homes, Four Plex, Investment Properties, James Metcalfe, Our Home Toronto, Three Plex, Toronto Investment Homes

James Metcalfe’s Toronto Real Estate Update October 2013

October 28, 2013 by James Metcalfe Leave a Comment

VOLUME, PRICES SURGE IN SEPTEMBEROCTOBER

2013Greater Toronto REALTORS® reported 7,411 residential sales through the Toronto MLS system in September – a whopping 30% increase versus September 2012 sales of 5,687 units. Double digit volume increases occurred across all four key market segments: single-detached (+34%), semi-detached (+20%), townhomes (+31%) and condo apartments (+29%). This is the third consecutive month of double digit volume growth and demonstrates that the pent-up demand which had built up over a one year period following the July 2012 introduction of stricter mortgage lending criteria is now being satisfied in earnest. The bottom line is that home ownership remains highly affordable given the current mix of prices, interest rates, incomes and lending criteria guidelines. The average price of a GTA resale home in September was $533,797 – a healthy 6% increase versus the September 2012 average price of $501,326. Price growth varied by market segment: single-detached (+8%), semi-detached (+2%), townhomes (+10%) and condo apartments (-2%).   

James Metcalfe's Toronto Real Estate Update Oct 2013 from James Metcalfe

Call me anytime for more detailed market analysis and specifically your free home Opinion of Value …

Best Regards;

Jim Metcalfe  416-931-4161

 

Filed Under: Consumer Best Interests, F.A.Q., Investment Opportunities, Market Stats & Trends, Our Home Toronto Real Estate Newsletter Tagged With: James Metcalfe, OurHomeToronto, Toronto Homes and Condos, Toronto Real Estate

James Metcalfe’s June Real Estate Update

June 20, 2013 by James Metcalfe Leave a Comment

June has come and gone but the month’s real estate update proves that May was a great month for the resale value of  homes in the GTA. In May we saw a 5% increase in the price of a resale home versus May 2012. In fact, price growth occurred in all major market segments! And all this growth seems on track to meet the Toronto Real Estate Boards price growth forecast of 3.5% as a whole.

In this month’s update we feature 10 home improvement projects that add value to your home including:

  • Painting
  • Kitchen remodeling
  • Finishing unfinished space
  • Home office remodeling

Also, in our “Legally Speaking” segment we discuss the finer points of walking away from a house deal. This can be complicated so make sure to read carefully. We cover important points such as a buyer’s remorse period and who gets the deposit when buyers change their mind.

Featured this month are some of the highlights from the CAAMP (Canadian Association of Accredited Mortgage Professionals) survey as well as the ever popular “Pearls of Wisdom”

Metcalfe june from James Metcalfe

 

Filed Under: Consumer Best Interests, Legal, Maintenance & Security, Market Stats & Trends, Our Home Toronto Real Estate Newsletter, Toronto ... Bylaws & Outlaws, Your Next Move ... Up-Sizing / Down-Sizing Tagged With: home improvements, James Metcalfe Real Estate, legally speaking, Pearls of Wisdom, real estate stats, Toronto Real Estate, Toronto Real Estate Trends

James Metcalfe’s May Real Estate Update

May 28, 2013 by James Metcalfe Leave a Comment

May has been a busy month with some crazy weather. The housing market saw a slight decline in April and a slight rise in the average cost of housing. April saw a slight 2% decline in sales which may be a result of stricter mortgage lending guidelines. The average price of a resale home in the GTA in April was $526,335 which represented a 2% increase versus April 2012. This could mean that price growth in the back half of 2013 may be stronger than originally thought.

This month’s newsletter also features a brand new research tool that is now available to hone buyers. Available to every municipality in Canada, these new home history reports include information on local school rankings, local demographics and insurance claim records for the neighbourhood, among other things. They are published and sold by Teranet which covers land registration and title search services for the province of Ontario.

In this month’s Trendy Corner find out how to design a kitchen. Some of the major questions that you should be asking include: What are your general preferences? Do you need more than one sink? Do you prefer gas, electric or a combination? Do you need a pantry for extra storage? A kitchen can be an expensive and time consuming design process. This month’s kitchen checklist will help make those decisions a little bit easier.

As always our ever popular “Pearls of Wisdom” returns. Here is a preview: “If love is the answer, could you please rephrase the question.”- Lily Tomlin

 

James Metcalfe’s May Real Estate Update from James Metcalfe

Filed Under: Consumer Best Interests, F.A.Q., Fabulous Homes, Maintenance & Security, Market Stats & Trends, Our Home Toronto Real Estate Newsletter, Toronto Condos, Your Next Move ... Up-Sizing / Down-Sizing Tagged With: design, downtown Toronto, James Metclafe Real Estate, kitchens, Market Trends, reports and tools

James Metcalfe’s April Real Estate Update

April 29, 2013 by James Metcalfe Leave a Comment

Spring has finally arrived (sort of) and with it some growth in the average price of a resale home in the GTA. In March, we saw the price of homes increase by 4% versus March 2012 which means the average price of a home increased from $500, 875 to $519, 879. We also saw price growth across all market segments including single- detached homes, semi-detached homes, townhomes and condo apartments. Although we saw price growth there was a 17% decrease in sales versus March 2o12.

This month in our update we look at a case of a couple with two dogs and the importance of examining the building’s certificate of status prior to placing an offer on a unit. Make sure to ask your real estate agent about the certificate of status prior to placing a bid on a resale condo. They should know of any restrictions when it comes to pets and so should you!

We also take a look at some of your electrical questions including examining the electrical capacity of your home and what to do if some of your electrical out lets are not grounded. What are the risks and consequences?

Lastly, and as always we have the popular Pearls of Wisdom. Here is a preview: “Here’s something to think about: how come you never see a headline like ‘Psychic Wins Lottery'” – Jay Leno.

James Metcalfe’s April Real Estate Update from James Metcalfe

Filed Under: Consumer Best Interests, Legal, Market Stats & Trends, Our Home Toronto Real Estate Newsletter, Toronto ... Bylaws & Outlaws, Toronto Condos, Your Next Move ... Up-Sizing / Down-Sizing Tagged With: certificate of status, downtown Toronto, electrical questions, James Metcalfe, James Metcalfe Real Estate, Pearls of Wisdom, Real Estate Update, Toronto Condos, Toronto Homes, Toronto Real Estate, Toronto Real Estate Trends

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James Metcalfe & Robin Tully
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JOHNSTON & DANIEL Division
Royal LePage R.E.S. Ltd.,Brokerage
477 Mount Pleasant Road
Toronto, ON, M4S 2L9

Direct: 416-931-4161
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