My FOCUS is the creation of lifetime clients.
My ROLE is to provide a service to people who place a high value on hard work, integrity, high ethical standards and successful results. My ROLE is to help you to sell or to purchase a home.
My JOB is to provide objective counseling and professional, knowledgeable representation and advice. My JOB is to clearly understand your needs, wants and desires which will ultimately save you a lot of time and effort . My JOB is to educate you on the marketplace and what you can get for your dollars based on today’s market conditions. My JOB is to oversee your entire transaction and to negotiate on your behalf and in your earnest.
January is usually a good time for Realtors to take a Holiday with their families as the real estate market generally starts the year off slow. Not January 2010. The year started with a BANG!
Greater Toronto Realtors reported 4,986 transactions through the Multiple Listing Service in January 2010. This was a significant increase of 87% over the 2,670 sales in January 2009. Lets keep things in perspective though. Remember the real estate market was in a deep freeze for the first few months of 2009 due to the world wide financial meltdown in September 2008. Last month’s sales were slightly higher than the January average in the five years preceding 2009.
Condominium apartment sales accounted for 26.4% of all sales in the GTA and a whopping 47% of all sales in the 416 area, evidence that a condominium is still an affordable purchase option.
“The GTA housing market has rebounded well from the lows experienced at the beginning of 2009. Sales climbed back to healthy levels across the GTA because the cost of home ownership remained affordable,” said TREB President Tom LeBour. Consumers are getting increasingly confident and that is showing up in strong sale figures. First time home buyers are still fuelling the market as the cost of renting in many situations is now higher than the cost of servicing a mortgage at historically low interest rates.
The average home selling price in January 2010 climbed 19% to $409,058, compared to $343,632 in January 2009.
Upward price pressure is still an issue in the market because of low inventory. Bidding wars are still commonplace. Active listings in January 2010 are down by 47% compared with January 2009 while the average days a listing is on the market has decreased from 45 days to 27 days. More listings are predicted to come on the market this Spring. We are already seeing an increase in listings in some areas.
” Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons at the beginning of 2009,” said Jason Mercer , TREB’s Senior Manager of Market Analyses. The hot market is expected to cool off in the second half of 2010 due to higher interest rates, the implementation of the HST and more inventory .
” We are new immigrants to Canada and it’s been one and a half years since we arrived in Toronto. We really wanted to own our own home. We did not know anything about Real Estate in Toronto so we contacted the Toronto Real Estate Team and David took the lead from the very beginning.
After the initial buyer consultation, we were impressed by David’s approach. He made us feel confident and hopeful that we would get a house within our budget. David prepared a spreadsheet for us to help us understand what purchase price would keep us wihin our budget. He even helped us to get a mortgage. We developed a very good relationship with David and trusted him from the beginning.
After visiting 6 houses within 2 weeks, we chose the 5th one which was our dream house. It had a big back yard and the house was well kept. We loved the house right away and thanks to David we became the lucky owners on April 1, 2009.
David took us through each and every step of the whole buying process diligently and professionally, and also gave us lots of tips about moving. He even provided us with free moving boxes.
We are very thankful to David for sparing us a lot of stress by looking at too many houses which could have distracted us during the buying process. He knew what we wanted and it took less time to find our perfect home. We are very grateful to him and would highly recommend him as a buyer specialist. “
-John, Kaveetah & Melina
” I just filled out your feedback form but felt the need to elaborate more.
I found your office and David Stoddard through an mls listing. I can’t believe my luck!
After a previous horrible real estate experience a few years ago, I was not anxious to enter the market again even with the great mortgage rates and real estate prices.
Really I was “playing” with the mls listings, seeing what I could and couldn’t buy but not entirely serious.
That changed after the initial emails and calls placed with David. He put me so at ease, I didn’t feel rushed to buy the first thing he showed. He didn’t mind the numerous emails asking him to look into different properties which were quite different than each other and in very different areas.
He was able to assess my needs by looking at what I was bringing to him and what I was interested in from the listings he sent me. He even went as far as pointing out concerns that I would have missed had he not be on my side. This to me was a new experience, as I only had my past real estate broker to compare with and the difference was off the charts!
From start to end he has always made himself available to answer questions, walking me through the searching, finding, legal & closing process. Words can’t even express how impressed I am with his service! Before this I did not have a good impression of the real estate business, he changed my mind.
Anyone I meet that asks if I know a good real estate agent will definitely be sent his way.
Thank you, ”
The ABR designation is the benchmark of excellence in buyer representation. This coveted designation is awarded by the Real Estate Buyer’s Agent Council (REBAC) , an affiliate of the National Association of Realtors, to real estate practitioners who meet the specified educational and practical experience criteria. Less than 2% of all licensed real estate agents have achieved this level of expertise.
What this means to you as my Client is that you have my promise that I will be 100% committed in looking after your needs and provide you with a top level of real estate service.
A very informative Canadian overview of the residential real estate market summarizing housing activity in 2009 and forecasts for 2010:
Your GTA Newsletter for January/February 2010: