Protecting Your Home Against Termites

Great article in Carson Dunlop’s March newsletter ( www.carsondunlop.com )

Spring’s arrival brings a smile to most, but warmer weather can also bring homeowner concerns in the form of unwanted guests. With the start of the spring housing market, we reached out to our Specialty Services partner, Orkin Canada, to help educate clients about termites and why it is necessary to be aware of these damaging insects.

One of the major things termites require to thrive is warm temperatures. As the temperature rises, it is important to recognize the conditions conducive to termite infestation and how you can protect your property. Dan Dawson, National Marketing Manager at Orkin Canada explains the magnitude of the threat posed by termites: “Subterranean termites typically cause the most structural damage and are most prevalent in the southern coastal areas, the dry climate of the Okanagan areas of British Columbia, southern Ontario, southern Quebec, and the Maritime provinces.”

Carson Dunlop (CD): What are the most common neighborhoods for termites in the Greater Toronto Area?

Orkin: “Termites can be found throughout the GTA. Though each species of termite thrives in different climates and eats different types of food, all termites require four things to survive:

1.     Food

2.     Moisture

3.     Shelter

4.     Optimal Temperatures

Please click HERE for the full article.

Please contact me direct at or by email, David@DavidStoddard.ca

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4 Factors to Consider Before Your Next Home Search

For many homebuyers, the hardest part of the buying process is finding the right home to purchase. Since a home is the largest purchase most of us will make, it is easy to become wrapped up in finding the perfect place that meets all of our wants and needs. We overwhelm ourselves by focusing on checking off the boxes that will result in our ideal home. That’s a lot of pressure!

This month, I’m sending information intended to take the stress out of finding the right home. Before you begin your search, there are four things to consider—price range, features, location and lifestyle. These four factors will help you focus your search on homes that meet your needs, allowing you to make the best decision for your family and for your wallet.

When you’re looking for a home, you need an experienced professional in your corner to help navigate the process and get you the best deal. If you’re ready to buy, give me a call! I’d love to help you achieve your dream of home ownership.

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.

GTA Real Estate Market Report February, 2016

Record February Sales

Greater Toronto Realtors reported 7,621 residential sales through the Toronto MLS system in February 2016. The number of transactions in February represented a 21.1% increase compared to 6,294 transactions reported in February 2015. Condo apartments in the GTA had the highest sales increase year-over-year.

The number of new listings reported in February was up by 8.2% compared to the same period in 2015. Active listings were 10,902 in February-down 14.8% from February 2015.

“Even after accounting for the leap year day, sales were above the previous record for February set back in 2010. Sales were up strongly from the 15th day of the month onward as well, despite the new federal mortgage lending guidelines coming into effect that require at least 10% down payment on the portion of purchase prices between $500,000 and $999,999” said Mark McLean, TREB’s President.

The average price in February  was up by 14.9% from the same time last year to $685,278. Detached homes and semi-detached homes in the GTA  led the way in terms of price increases at 16.1% compared to the same time last year.

“Recent polling conducted for TREB by Ipsos suggested that GTA households will remain upbeat about purchasing a home in 2016. Early sales results for January and February certainly support this view. With strong sales up against a constrained supply of listings, home prices continued to trend strongly upward,” said Jason Mercer, TREB’s Director of Market Analysis.

Sales of Toronto (416 area code) condominium apartments increased by 25.6% in February, 2016. The average selling price of a Toronto condo increased by 17.8% in February 2016 from the same time last year to $435,579.

Condominium apartments accounted for 26.8% of total sales in the GTA for February 2016 while detached homes accounted for 47.6% of the total sales.

Other notable statistics include the average days on the market for February at 21 days, down 8.7%. The sales-to-listings ratio for February 2016 was 69.9% 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, building specific  and even very street specific in some areas. The numbers as reported above are GTA averages. Results in one neighbourhood , on one street or in one building do not indicate that all other neighbourhoods, streets or buildings are experiencing the same results. We are still seeing multiple offers in some areas for the best homes and condos.

Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page.

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.