How Smoking at Home Reduces Property Values

Great article in www.TheStar.com

A recent survey of Ontario real estate agents in Ontario found that smoking in a home could lower the value of your property by up to 30 per cent.

The survey was sponsored by Pfizer Canada and besides the obvious damage by staining walls and carpets, it can leave a smell that is very hard to eliminate. I remember having a client close a deal and noticed a smell of smoke when they entered the home on closing. I asked why they didn’t notice the smell when they originally toured the home and they said fans were on with electric air fresheners plugged into the walls. That apparently masked the smell that day.

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

231 Fort York Blvd. Unit 1711 $398,800

Live In Popular Waterpark City Near the Harbourfront. Immaculate, Sun-Drenched Corner Unit With Floor To Ceiling ,Wrap-Around Windows. Over 800Sf Of Open Living Space With A Popular 2Br Split Design. Spectacular View Of The Cn Tower And the Cityscape From Your Living Room. Lake View From The Balcony. Beautiful Dark Maple Hardwood Flooring Combined With Dark Kitchen Cabinets. A Breakfast Bar Provides Ample Counter Space. Double Sink. Stainless Appliances. Outstanding Amenities. Fantastic Condition. Steps to King St. and Liberty Village.

Included are All Electric Light Fixtures, All Window Coverings,Stainless
Steel:Fridge,Stove,Dishwasher,Hoodfan,Stacked Washer and Dryer, Security
System, Parking and Locker, Visitor Parking, Concierge, 8th Floor Bbq Terrace, 13th Floor Water View Terrace, Gym, Guest Suites, Event Room. Pool and Billiards Room.

For more pictures and property information go to www.231FortYork1711.com

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

Toronto Real Estate: First-Time Homebuyers Heavily Influenced by Commute

Great article in www.TheStar.com

Commute times are becoming key for first-time homebuyers, according to a new BMO survey.

Of course, finding a home in a safe neighbourhood is still the top concern, ranking as the first priority for 62 per cent of first-time buyers surveyed, just below the 63 per cent national average among buyers overall.

But the No. 2 priority for first-time buyers — which has helped fuel the boom of downtown cores and condos in Toronto and other major cities across the country over the last decade — is being near transit, according the BMO survey.

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

Yard Sale for the Cure-DavisVille Village

Each year thousands of RE/MAX offices, agents and clients participate in the Yard Sale for the Cure.

Last year RE/MAX Hallmark raised over $7,000 at 6 of our office locations. Every dollar raised through Yard Sale for the Cure goes towards breast cancer research, health promotion, advocacy, education and awareness programs

Started in 2005 by Rachel Smith, a breast cancer survivor, who along with friends and family held the first yard sale in the Toronto Beach community. Yard Sale for the Cure, now in its fourth year as a signature fundraising event for the Canadian Breast Cancer Foundation, has raised over $1,500,000.

On behalf of  Remax Hallmark, I am organizing my own neighbourhood yard sale in Davisville Village to be held on May 25 from 9am-2pm with all proceeds going towards breast cancer research.  

The more we can sell the bigger our group donation to the Canadian Breast Cancer Foundation!

The following homes are participating:

517 Davisville Ave.

521 Davisville Ave.

523 Davisville Ave.

525 Davisville Ave.

527 Davisville Ave.

529 Davisville Ave.

531 Davisville Ave.

9 Lemay Rd.

12 Lemay Rd.

18 Lemay Rd.

19 Lemay Rd.

21 Lemay Rd.

22 Lemay Rd.

23 Lemay Rd.

26 Lemay Rd.

30 Lemay Rd.

33 Lemay Rd.

34 Lemay Rd.

10 Whitewood Rd.

The Canadian Breast Cancer Foundation is the leading community –driven organization in Canada dedicated to creating a future without breast cancer. Our investments in innovative and relevant research and education have led to progress in breast cancer prevention, diagnosis, treatment and care. Since 1986, we have been at the forefront of a nationwide movement supporting and advocating for the breast cancer community

Let’s make this an amazing event!!!

Please support us by coming to our sale .

Alternatively please make a donation on our secure Yard Sale For The Cure webpage hosted by the Canadian Breast Cancer Foundation:

http://my.e2rm.com/personalPage.aspx?registrationID=1882215

Tax receipts will be issued with a minimum $20.00 donation.

Thanks for your support.

 

Rent Control Loophole Blamed for Rising Condo Rents

Great article in www.TheStar.com

The Ontario government needs to close a loophole that has created a “two-tiered system of renters” — an increasing number of them in new downtown condos where some landlords are jacking up rents as a form of economic eviction, says the head of the Federation of Metro Tenants’ Associations.

The federation has had numerous calls from condo tenants, surprised to discover that apartment or condominium buildings occupied after November 1, 1991 are exempt from rent controls.

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Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca

I Feel Much Better Equipped to Begin My Search

” The Lunch and Learn session was incredibly helpful. David and Jerome provided a friendly and casual atmosphere, where they openly shared their knowledge of the process involved in home/condo buying. As a first time perspective buyer, I was overwhelmed with all of the information out there. David provided me with an organized view of where to begin and how to proceed. He answered my questions sincerely and
related anecdotes from his experience. Jerome explained and simplified mortgages for me honestly and articulately. I feel much better equipped to begin my search and
I’m looking forward to working with both David and Jerome. “

– Michelle C

Average Price Up in March and First Quarter

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Coaching…whether you are buying , selling or renting.

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Greater Toronto Realtors reported 7,765 sales through the MLS in March 2013. The number of transactions represented a 17.3% decrease compared to March 2012. While this year-over-year dip in March sales followed the trend that has unfolded since mid-way through 2012, it is also important to note that the Good Friday holiday was in March this year versus April in 2012. Generally speaking, there are fewer sales reported on statutory holidays and weekends.

The number of new listings reported in March was down by 9.0% compared to the same period in 2012.

In the first quarter of 2013, sales amounted to 17,678-down by 14% compared to Q1 2012.

“Home ownership remains affordable for a househo0ld earning the average income in the G.T.A. There are many willing buyers in the marketplace today. While some households have put their decision to purchase on hold as a result of stricter lending guidelines or the additional land transfer tax in the city of Toronto, other households simply haven’t been able to find the right house due to a shortgage of listings in some market segements,” said Toronto Real Estate
Board President Ann Hannah. “

The average selling price continued to grow in March up by 3.8% from the same time last year to $519,879. Note, the average selling price for 2012 as a whole was up by almost 7% to $497,298!!

“We will undoubtedly experience some volatility in price growth for some market
segments in 2013. However, months of inventory in the low-rise market segment
will remain low resulting in average price growth above 3% for the TREB market
area this year. Our current average price forecast is $515,000 for all homes
combined in 2013,”said Jason Mercer, TEEB’s Senior Manager of Market Analyses.

Sales of Toronto (416 area code) condominium apartments decreased by 18.7% from March 2012. The average price of a Toronto condo increased by 2.0% from the same time last year.

Condominium apartments accounted for 22.8% of total sales in the GTA for March 2013 while detached homes accounted for 48.5% of the total sales.

Other notable statistics include the average days on the market for March at 24 days. Active listings were 18,384 in March-up 8.7% from March 2012. The
sales-to-listings ratio for March was 42.2% which is classified as a seller’s
market. A ratio from 24%-28% is considered a balanced market.

Sellers are looking for market value for their property. I prepare a comparative market analysis (CMA) for all of my Buyer clients prior to submitting an offer to
determine the property’s market value range

Real estate is very neighbourhood specific and even very street specific
in some areas
. The numbers as reported above are GTA averages. Results in
one neighbourhood or on one street do not indicate that all other
neighbourhoods or streets are experiencing the same results. We are still
seeing multiple offers in some areas for the best homes.

Please contact me direct at 416-520-6746 or by email, David@DavidStoddard.ca