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Monthly Archives: October, 2013

Beautiful detached home on Neville Park Blvd – SOLD!!

October 25th, 2013 Posted by Beaches, SOLD!! No Comment yet

Nestled within the urban forest that characterizes the Beach, Neville Park Blvd is a quiet cul-de-sac near the very end of Queen St East. Number 151 is a gorgeous, three bedroom detached home that has been extensively renovated over the last year.

The two storey rear addition was re-built from the footings up (including a comprehensive drainage system to mitigate the high local water table), the kitchen was completely re-designed, the electrical panel and wiring were upgraded, and new hardwood was installed throughout the house.

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Plenty of other improvements have been made in 2013, including:

  • All new appliances
  • New roof
  • New furnace
  • Freshly painted throughout
  • New windows in the kitchen and master bedroom
  • New tile flooring in the front hall, kitchen and powder room; new carpeting on stairs
  • 200 amp service, new electrical panel
  • Pot lights in kitchen, living room and master bedroom; electric light fixtures and ceiling fans
  • Re-built wood burning fireplace and chimney
  • Professional landscaping

Prior to that, the two upstairs bathrooms were renovated, new exterior stucco was applied, a new front door was installed, and more. This home is truly in ‘move-in’ condition.

The Beach is famous not only for its unmatched natural environment, but also its walkability as a neighbourhood of local people and businesses. Everything you need is close by – shops, services, restaurants, athletic amenities and schools (Balmy Beach CS, Glen Ames Sr PS and Malvern CI; Catholic elementary St Denis and St John). Getting downtown is a simple matter of hopping on the 501 Streetcar (or the 143 Downtown/Beach Express bus). Altogether, this is a unique part of Toronto that offers a truly unique lifestyle. 

** UPDATE – This great house sold in just seven days! 🙂

RE/MAX Hallmark expands again!

October 7th, 2013 Posted by In the media No Comment yet

This news is hot off the presses this morning:

Aurora, ON (October 7, 2013) – The leadership team at RE/MAX Hallmark Realty Ltd. has been hand-picked by RE/MAX York Group Realty to take the company to the next level.  RE/MAX Hallmark Realty Ltd. will acquire the company, one of the oldest RE/MAX franchises in Ontario, effective October 7.

The acquisition of RE/MAX York Group, home to more than 50 dedicated real estate professionals, brings the total number of sales associates under the Hallmark banner to well over 600.  Moving forward, the former RE/MAX York Group franchise will operate as RE/MAX Hallmark York Group Realty.   RE/MAX Hallmark now has 10 offices throughout the Greater Toronto Area, as well as the Muskoka Region.

“RE/MAX Hallmark is thrilled at the opportunity to drive a whole new chapter of success,” says Debra Bain, Broker/Owner, RE/MAX Hallmark Realty Ltd.  “In fact, the timing could not have been more opportune, given the renewed strength of the residential real estate market.  Considering the tremendous growth trajectory of the 905 area code, we’re definitely excited by the future.”

Just over 11,500 homes changed hands in the first eight months of the year in York Region, comprised of East Gwillimbury, Georgina, King, Markham, Newmarket, Richmond Hill, Vaughan, and Whitchurch-Stouffville.  Average price hovers at about $615,000 in the area, up about four per cent over year-ago levels.  Days on market are typically 26, but quality listings will move much quicker.  Balanced market conditions exist in much of the region.

Veteran Broker-Owner and Realtor Bill Jenkins and his wife, Brenda, will remain at RE/MAX Hallmark York Group Realty, choosing to concentrate on serving new and existing clientele in a sales capacity. Renowned trainer and industry veteran, Barbara Brindle, will join RE/MAX Hallmark York Group’s leadership team.

“We’re constantly evolving at RE/MAX Hallmark,” says Co-Broker/Owner, Ken McLachlan.  “We drive our business forward through careful strategic direction, investment and advancement on several levels.  Ultimately, our goal is to provide unparalleled excellence and results to the lifeblood of our franchise—our Realtors and their valued clientele.  That commitment has made us a premier force in our marketplace for many years.  Bringing the right people on board to support that is imperative, and on that front, we’re glad to welcome Barbara Brindle to the Hallmark team.”

RE/MAX Hallmark will implement plans to foster and support the ongoing progression of its Realtors operating under the Hallmark banner, with specific goals for the RE/MAX Hallmark York Group location in Aurora.  It will bolster its team’s competitive advantage through professional development and spearhead improvements in framework, processes and infrastructure, including the integration of enhanced technology.  As a result, clients will benefit from an optimized buying and selling process, further elevating efficiency, service and results.

“These two franchises—RE/MAX York Group and RE/MAX Hallmark—have demonstrated an unprecedented commitment to their stakeholders,” says Gurinder Sandhu, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada.  “Over the years, both have climbed to the pinnacle of success and contributed to building the RE/MAX brand.  Each company is renowned for its trailblazing leadership and team of award-winning Realtors who generate industry-leading results.  Sharing a similar vision and exceptional level of dedication made York Group and Hallmark an ideal fit.  I’m certain the Aurora location will continue to thrive under its new banner—RE/MAX Hallmark York Group Realty.”

The RE/MAX Hallmark team specializes in residential, recreational and commercial real estate.  RE/MAX Hallmark is firmly entrenched in the communities it serves.  It is the leading contributor to Children’s Miracle Network in Canada through the RE/MAX Miracle Home Program and grassroots fundraising initiatives with over a $1 million raised by the franchise and its associates since 1992.  RE/MAX Hallmark is also a leader in in-house training and is a member of RE/MAX International’s Chairman’s Leadership Advisory Board—an association of 75 of the leading RE/MAX broker-owners worldwide.  In 2009, strategic expansion secured RE/MAX Hallmark a RE/MAX International Award recognizing the company as the largest multi-office franchise in the country.

September 2013 Market Review

October 3rd, 2013 Posted by Market Review No Comment yet

Today TREB released the sales statistics for SeptemberAs I noted recently, sales activity has been up significantly this year, and September continued that trend: sales volume was up 30% over September, 2012. At the same time, the number of both new and active (total) listings were down. That led inevitably to higher prices, which climbed 6.5% year-over-year. 

Interestingly, while the number of active listings in September (20,194) was higher than August (18,788), the number of sales was lower (7,411 sales in September after 7,569 in August). So, the seasonal increase in listings has begun, but not to the satisfaction of buyers. As I’ve said for years now, buyers make the best decisions for their circumstances (budget, location, etc.), and won’t over-pay for a property that doesn’t offer them the value they are looking for. Buyers are still ‘picky’ – and rightly so. The message to sellers? Properly prepare your property for sale (declutter, clean, complete minor repairs, paint, etc.), and price to market! Don’t just assume that because it’s a ‘hot’ market you’ll get your price.

As has been widely discussed, an important factor driving the real estate market is super low interest rates. We’ve known for some time that rates would stay low through 2014, and perhaps beyond. According to this article, one major Canadian bank expects low rates all the way to 2016. That’s good for home owners, investors, renovators, etc.

Overall, the key point is that there is still lots of pent up demand this year- just as there has been since the recession ended – and low interest rates to help keep prices affordable. October will be another strong month for sales and price appreciation. In fact, we could see the ‘fall market’ steam on through November – especially if the weather holds up. All in all, whether you want to buy or sell (or both), this fall is going to be a great time to do that. Call me now and let’s get started!