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Have a wonderful March! 

March 2020 

Dear Friend, 

A huge month of sales for the GTA area as realtors reported the sale of 7,256 homes, up 45.6% over the 4,982 homes sold in February 2019, with the average price increasing 16.7% to $910,290. While this seems to be good news for homeowners, the reality is its not, unless one has no intentions of purchasing another property, but simply cashing out. For those first time who purchased in the last little while, congratulations! You are in the market, and will keep pace with prices increasing when you are ready for your second home! If you are looking, or considering buying, March represents a unique opportunity which I would advise you to consider. The economy is very strong. Immigration into Toronto continues at an unabated pace. Interest rates are at an all-time low. All of the experts are predicting prices will increase 10% over last year. 

BUT….. 

No one predicted the Corona virus! While I do not believe it represents a huge threat to us in North America, it is a psychological factor to some people who want to make sure the world does not fall apart before they buy. The media, with their sensational reporting, is your friend if you are considering buying. Did you know: “The CDC estimates that as many as 56,000 people die from the flu or flu-like illness each year. SOURCES: National Institute of Allergy and Infectious Diseases: “Common Cold.” Foreign buyers are also postponing purchasing trips because of the concern of the virus. This means that there are fewer buyers in March than there would normally be! Fewer buyers, less competition, an opportunity to buy at a better price! If you are at all considering a purchase, do it now! Whether it’s a condominium, or a home outside of your ideal neighbourhood, do it now! Its only going to get more expensive as time goes on. If you are considering a purchase or know of a friend who is, give me a call. Let me put my expertise and experience to work to help you achieve your goals! 

Remember, Fortune favours the bold! 

Have a wonderful March! 

Your Friend in Real Estate 

Gemma & Gary Barclay Sales Representatives 

PS…. I am never too busy for your referrals! 

February Newsletter

Dear Friend,

It’s a strong, active real estate market, and the Toronto Real Estate Board’s prediction of a 10% increase in both number and sales seems to be holding up as TREB members reported 4,581 home sales in January 2020 – up by 15.4 % compared to January 2019. The average selling price in January was up by 12.3 %, driven by the detached and condominium apartment segments in the City of Toronto.

The average price for the whole Toronto Real Estate Board now stands at $839,363.

While the price increases may seem daunting to some, it’s a matter of area. Affordable homes are still available, it’s a question of flexibility of location. Durham Region areas such as, Ajax, Brock, Oshawa and Simcoe County areas like Essa and Innisfil are just a few of the examples where great homes are available in the $500-$600,000 price range. Areas such as Barrie, offer great ownership opportunities as well.

The key factor which we have seen over the last 15 years, is to get into the market as soon as you can.  This gives you an edge over rising house prices, so that when your circumstances change, you can get closer to the areas you would like to be in. Perhaps it’s not ideal, but it is a great strategy that will help you get a great house now, enjoying the benefits of home ownership, and help you get closer to the area you want in the future.

The market continues to be strong. Higher demand, lack of available rental units, low inventory of properties available for sale make it a great time to invest in real estate.

If you are looking to upgrade your home or buy an investment property or are helping your kids with their first purchase, give me a call and let me put my expertise to work for you.

As always, I’ll be happy to answer any of your questions.

In appreciation of your support, please find enclosed two complimentary tickets to the National Home Show on March 13th – March 22nd, 2020 at the Enercare Centre, Exhibition Place, Toronto.

Hope you enjoy the Home Show as much as I enjoyed serving your real estate needs in the past and I hope this will continue in the future.

The greatest compliment my clients can give me is the referral of their family, friends & associates.

Thank you for your trust.

Gemma & Gary Barclay