RE/MAX Hallmark Realty Ltd., Brokerage | Direct: 416.508.9513 | Office 416.699.9292

NEWS

New listing: 49 Scadding Ave in Whitby, now offered at $839,900!

Gorgeous Four Bedroom Home in Port Whitby

This beautiful home is on the market for the first time. Built in 2003 and first occupied in 2004, it has been in the same family ever since! It features a welcoming porch, a large, open-concept main floor with a family room, an eat-in kitchen and a walk-out to the custom back deck. Gorgeous greenery fills the back garden, and bright flowers line the house and yards – it’s a sight to behold!

The four bedrooms are all quite generous in size. The master includes a beautiful Ensuite with soaker tub and a separate shower, and a large walk-in closet. Two of the other bedrooms share an Ensuite bathoom, *plus* there’s another full bathroom on the second floor – so nobody will every have to wait! The fourth bedroom is by no means small – it’s full sized.

At the front of the second floor is access to an upstairs porch, which overlooks the pretty reservoir across the street. It’s the perfect place to sit and relax with a book!

The two-car garage offers direct access to the home through the main-floor laundry room. The basement is currently un-finished, but is almost completely open-concept. Bring your plans and make it your own!

The area is full of fantastic features. Portage Park is just around the corner (right beside Whitby Shores Public School); Iroquois Beach is just a 10 minute walk away; and the Waterfront Trail, the Port Whitby Boat Launch and the Whitby Yacht Club are all just a short stroll away. Nearby amenities include grocery stores, pubs, restaurants, and the Iroquois Park Sports Centre. The #308 bus goes right past the house, so you’ll be well connected to transit! And, of course, the 401 is just minutes away.

Basically, this home and neighbourhood have it all! Call me today for more info, and/or to book a private showing. (No public open houses due to COVID-19.)

Real Estate During COVID-19: Update #2

The COVID-19 pandemic has many folks on edge and worried about the economy – and the real estate market, in particular. Here are a few things to consider:

We expect the economy to bounce back
If we can believe what they are saying, China is already starting to recover as COVID-19 gets more controlled. The Chinese government has started it’s own ‘stimulus’ plan, so if they can get some momentum going, that will help the world economy get onto the road to recovery. Add to that the huge stimulus package in the US – plus Canada’s, too – and we’ll see some serious money pumped into the economy, which should generate a strong recovery.

The housing market seems stable

The real estate market is still competitive, and multiple offer scenarios are still happening (although that may peter out as time goes on…). The Toronto Regional Estate Board (TREB) recently reported 8,012 home sales through TRREB’s MLS® System in March, 2020 – up 12.3% compared to 7,132 sales reported in March, 2019. That increase was based mostly on just the first two weeks of the month, meaning that if it wasn’t for COVID-19, this March would have been a really fantastic month for Toronto real estate. (Check out my blog for a more detailed breakdown of the March stats soon.)

With all the stimulus, financial supports, mortgage deferral options, etc., it’s unlikely that Canadians will start dumping houses, which would push prices down (as happened in the U.S. during the Global Financial Crisis). Plus, new home construction has declined a bit in recent years. Some believe that builders have been under-producing new housing stock. With the federal government tightening mortgage regulations at the same time, we can be reasonably confident that today’s homeowners (and buyers) are solid enough to get by. So, there’s not really much risk of either over-supply of housing stock *nor* of homeowners defaulting on mortgages, either of which could push market prices down. Because market fundamentals are generally strong, housing is a safe long-term investment, and should be able to weather this storm.

Furthermore, if this ‘quasi-quarantine’ is short, real estate will probably pick up speed quickly. Mortgage rates are at historic lows, meaning now is a good time to lock in a low-rate mortgage. Plus, we’ll have lots of that pent up demand in the real estate market. The bottom line is that, if you were planning to be active in the market this year, you should either be doing something now, or preparing to move fast when life starts to get back to normal.

‘Spring market’ delayed
Whenever things start to get somewhat back to normal, I expect the market to surge (i.e. sales to spike) to ‘catch up’ – if not by summer, then early fall. There will definitely be lots of pent-up demand, and that will likely lead to a hotter market at some point later this year.

Again, if you want to buy or sell this year, be ready – and for you home sellers, now is probably a good time to tackle a few projects around the house (or condo)!

Now is a great time to reach out
We’ve all heard it a million times by now, but it’s true: we can all help each other get through this! Support your friends and neighbours in ways that are responsible, safe and sanitary – while maintaining social distancing! 😉 Keep in touch with friends and family any way you can. Most of us are already doing it, but try to think of somebody you *haven’t* heard from recently, and reach out to say hi – it might make somebody’s day!

Real Estate During COVID-19

Interesting times, eh? Many businesses have been shut down in the last week or so, but many are still up and running – including real estate… for now! TRREB continues to see new listings every day, and plenty of sales. I’ll admit that I’m a bit surprised, but it’s happening. These are strange times, but if you need to sell, and/or if you’ve spotted something that you want to buy, we can probably get it done.

Since much of real estate is conducted in person – client consultations, home valuations, showings, open houses, home inspections, etc. – it would seem like real estate would be a prime candidate for a shut-down – and it may yet happen. However, at least so far, business has continued with some interesting modifications. Here are a few:

  • No public open houses. This makes sense, and really doesn’t require any further explanation. 😉
  • No over-lapping showings. Sometimes, we allow more than one agent to take their buyer(s) through a home at the same time. This practice has been paused for now in an effort to limit physical contact amongst strangers.
  • Video showings – I’m not sure how common this will be, but it’s possible for an agent to, for example, walk through a listing with FaceTime or Skype going, and show a potential buyer more details than would be apparent via a standard virtual tour. (I have actually done this before, for an out-of-town buyer.)
  • Encouraging people viewing a property to follow hand washing and sanitizing guidelines established by health officials.
  • Using disinfecting wipes to clean commonly-shared surfaces like door handles.
  • Reminding clients viewing a property to avoid touching surfaces or items in the home.
  • Refraining from greeting others with handshakes or hugs (#socialdistancing!).
  • Encouraging sellers to thoroughly clean and disinfect the house after viewings.
  • Requesting that clients notify their Realtor if they become ill within two weeks of an open house or showing. If an attendee does become sick or is diagnosed with COVID-19, we’ll want to communicate this with the homeowner and other attendees if possible.
  • Being extra diligent about tracking who attends the property, including the date, time and their contact information. In the event of an infection, we want to be able to provide the information to local public health authorities so they may investigate further.
  • Having buyers provide deposits via e-transfer, instead of a physical bank draft (which saves a trip to the bank, followed by a visit to the listing Brokerage, and further handling of the paper by staff, etc.).

Most of the above are obvious, and just require a reminder from time to time – but, we do need to be extra mindful of taking precautions.

The bottom line is that, for now, real estate business is still being conducted, and I’m here for you if you need anything!

SIMON MILBERRY

About

Buying and selling a home can be tough, especially in today’s challenging market.  But, it can also be fun – an exhilarating adventure. I understand both the joys and heartaches of finding (and getting) that perfect home. As a homeowner with a young family, I’ve been there and done that. I also have the professional know-how that years of working in the Toronto real estate market has developed.

Over the years (since 2001), I have represented clients in the purchase and sale of condos, starter homes, move-up houses, luxury homes and small businesses. (Although Commercial real estate is not my core business, I am usually working with one or two Commercial clients.) My knowledge and experience make the difference for my clients.

My clients are my focus, but a Realtor can’t get much done if he doesn’t develop strong professional and personal relationships within the industry. In today’s market, characterized as it is by very tight supply, I find that one of the most important aspects of my business is networking with other Realtors. I am constantly digging for opportunities for my clients. This results in off-MLS transactions that serve the needs of both the buyer and seller.

As a father of 3 boys and 1 little girl, I take a family-friendly approach to my business dealings. That means flexible appointments and easy scheduling; feel free to bring the kids! I endeavor to make the whole process as smooth and stress-free as possible.

Ultimately, the objective is to enhance your life by finding you a new home that suits your needs of today and into the future; and selling your existing asset for the most money and with the best terms possible. Together, we’ll develop and execute the right strategy for you and your specific needs.

Much of my business comes to me by referral, so I’m not limited to any geographical area.  My focus is on meeting the needs of my clients, wherever they may be. Call me today, and let’s get to work on your real estate goals.

Community

RE/MAX Hallmark is a big believer in giving back to the communities we serve, and I am happy to participate in three of our most important programs.

Every time I do a transaction – buy, sell or lease – I make a direct donation to theChildren’s Miracle Network. RE/MAX agents are leading donors to the CMN, having raised $52 million dollars in Canada alone since 1992. When you do your real estate business with me, we contribute to that growing total.

We do the same for the Canadian Breast Cancer Foundation. Again, RE/MAX is a major sponsor of the CBCF, and makes it easy for us to contribute directly to the important work they do. A portion of every commission I make goes directly to the CBCF.

I also make a monthly donation to the breakfast program operated by the Toronto Foundation for Student Success. We all know how important a good brekky is – and how many kids wouldn’t get one if it weren’t for programs like the TFSS. With four kids of my own, this one is close to my heart.

You need an experienced, full-time professional Realtor – that’s key to a successful real estate transaction. However, I want you to know that, not only am I going to take care ofyou, but together we’ll help take care of others!

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FOR BUYERS

Financing

Homes come in every size, style and price range. Knowing what you can afford at the beginning of your search saves you time and disappointment later on… Read More

The Offer

You’ve found that perfect house! What do you do now? Your Sales Representative will prepare an Agreement of Purchase and Sale, including any custom clauses you may require. Most Buyers will make an offer provided certain conditions are met… Read More

Pre-Approval

It is important to be qualified or pre-approved for financing before you start looking for a home. This lets you and your agent know what you can afford as well as providing a written confirmation or certificate for a fixed interest rate good for a specific period of time… Read More

Home Inspection

This condition provides an opportunity to have the property inspected by a qualified person who will look for any major defects in the building prior to your entering into a firm agreement. Many Buyers choose to have a termite inspection done as well… Read More

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FOR SELLERS

Experience

One of the most important decisions you will make when selling it is who will assist you. You should put the sale in the hands of an experienced agent who will produce results for you and provide a premier customer experience… Read More

Advice

RE/MAX agents are trusted advisors who are committed to you and possess the knowledge and experience to help you navigate today’s complex real estate market… Read More

Marketing

RE/MAX is the most recognized name in real estate in Canada. From the RE/MAX for sale sign to remax.ca, brokerage websites and personal agent websites, the RE/MAX brand attracts attention to your home. When homebuyers see that sign on your lawn, they understand that you’re working with a market leader… Read More

Results

Purchase offers on your home may be complicated and might contain special clauses. Price is not the only consideration. Your RE/MAX agent will help you understand and evaluate offers and work hard to get you the best terms possible… Read More

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CONTACT

Simon Milberry, Sales Representative at RE/MAX Hallmark Realty Ltd., Brokerage

Address

2237 QUEEN STREET EAST
TORONTO, Ontario M4E1G1

Phone

Business: 416.699.9292
Fax: 416.699.8576
Mobile: 416.508.9513

 

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Information is deemed to be reliable but not guaranteed. Not intended to solicit sellers or buyers currently under contract with a Brokerage.