Number of new listings on TREB flattening

TREB statistics show a definite flattening of the number of new MLS listings over the last number of quarters at just under 14,000 listings. This shows the current lowering of  of volume is a natural result of this  flattening of the new listings. Overall this has left. Decrease in effective homes for sale while the number of actual sales has stayed strong.  Pair the above observation with the continuing higher average sales price and you can see demand is strong. There is a very simple correlation between supply and demand. When supply goes down and price goes up, simple economics supply and demand theory states we have a strong market.  So do not expect a large drop in prices due to the pent up demand that is still evident in our Toronto and Area market.

See The Entire Report

Find a Home the Legacy Way

Finding a home could never be easier when you visit the web portal of RE/MAX Legacy Realty Inc. Find a home, Find a RE/MAX Realtor, find out how to buy and sell real estate the RE/MAX Legacy way. Check out some of great listings at this site which includes over 70% of all of the MLS listings available in the Greater Toronto Area. You may even find many international properties of interest from our International Real Estate Specialists IRES. So come visit the online home of Mississauga's fastest growing Real estate brokerage, RE/MAX Legacy Realty Inc.

Terranet National Bank Home Index

 The mission of the Teranet – National Bank House Price Index™ is an independent representation of the rate of change of Canadian single-family home prices. The measurements are based on the property records of public land registries, where sale price is available. The monthly indices cover eleven Canadian metropolitan areas: Victoria, Vancouver, Calgary, Edmonton, Winnipeg, Hamilton, Toronto, Ottawa, Montréal, Québec and Halifax. The metropolitan areas are combined to form a national composite index. 

In addition to their informational role, the Teranet – National Bank House Price Index™ was developed to be a trustworthy benchmark for financial professionals. Teranet and National Bank of Canada offer licenses covering all index-linked products.

See the most recent index

Teranet Home Price Index shows momentum shift downwards for December 2011

Teranet Home Price Index shows momentum shift downwards for December 2011

Canadian home prices in November were down 0.2% from the previous month, according to the Teranet-National Bank National Composite House Price Index™. The retreat came after two months in which prices had been flat from the month before, and is the first in the index since a brief correction during the three months ending November 2010. Prices were down in eight of the 11 metropolitan markets surveyed, one more than in October. Calgary and Victoria stood out with declines of 1.6% and 0.9% respectively. The deflation was much smaller in the other six markets: 0.3% in Hamilton, 0.2% in Vancouver, Toronto, Ottawa and Quebec City, 0.1% in Winnipeg. Prices were up from the previous month in Edmonton (0.1%), Montreal (0.4%) and Halifax (0.5%). The simultaneous monthly declines in Toronto, Hamilton and Winnipeg are noteworthy in that these three markets are considered tight.

http://bl162w.blu162.mail.live.com/default.aspx#!/mail/InboxLight.aspx?n=1045245022!n=1719999147&fid=1&fav=1&mid=91044259-4796-11e1-ac81-002264c248a4&fv=1

RE/MAX Professionals Welcomes Frank Fallico to the Kingsway Branch

 RE/MAX Professionals Welcomes Frank Fallico to the Kingsway Branch

Franks first business experience came when Home Depot first came to Canada. He was part of the team that put the first store up in the country. Home Depot on their launch into Canada was really something historic at that time. Here he learned the power of organization, sales training, supplier relationships, inventory management, and merchandising along with customer service.

Entrepreneurial in spirit Frank’s first career choice was based in the music industry.

In 1995 a childhood friend and him partnered up and created a music label. They enjoyed success; In 1999 he was nominated for a Juno, and shortly later produced on a Gold Selling Record in Canada. The first of its kind in our genre of music.

In 2001 Frank moved into the fitness industry and used the resources he had acquired to become an owner and partner in a chain of retail stores called the Fitness Source. He grew the business from 2 stores to 10. He also developed an online and commercial business.

As owners in a small company they were responsible for all of the operations and they wore many hats. Franks duties were namely, sales training, recruiting of staff, development of managers, supplier relationships, product selection along with product training. Later he was part of the marketing and development team of the brand.

In 2008 his retail business was purchased by the Forzani Group (Sport Chek, Sport Mart, National Sports,etc) and he stayed on as Regional manager for the transition.

Over the last 10 years he has been involved in various levels of real estate both personally and from investment purposes and felt drawn to the industry.

His good friend who started the music label with Frank was named David Oey. David moved on into real estate at the same time he moved into the fitness industry. They remained good friends all along, he helped mentor and encouraged Frank to pursue a more active role in real estate.

David always spoke very highly of the people he was working with, The Pettigrew and Estlick Team from Re/max Professionals. Frank owes many thanks to David Oey and more recently Darryl Mitchell for making an easy decision to chart his future with Re/max Professionals. Please welcome Frank at fallicofrank@gmai.com

RE/MAX Professionals Welcomes Jody Thompson to the Kingsway Branch

RE/MAX Professionals Welcomes Jody Thompson to the Kingsway Branch 

Jody is a top producing professional sales representative with over 25 years of experience in the technology and home building industry. His reputation has been built on consistently delivering a differentiated service level for his clients. His passion for people and expertise in internet marketing lead him to a new career in real estate. Jody grew up in Port Credit and currently resides with his wife and family in South Etobicoke. He looks forward to working with you to make buying or selling your home a success.

Cell Phone Numbers Go Public This Month

REMEMBER: Cell Phone Numbers Go Public this month.
REMINDER..... all cell phone numbers are being released to telemarketing companies and you will start to receive sales calls.
.... YOU WILL BE CHARGED FOR THESE CALLS!!
To prevent this, go to the following web-site for Canadian Telephone Numbers:
www.lnnte-dncl.gc.ca <http://www.lnnte-dncl.gc.ca/>
It is the National DO NOT CALL list It will only take a minute of your time. It blocks your number for five (5) years.
HELP OTHERS BY PASSING THIS ON. It takes about 20 seconds.
If you do not have a cell phone, send this email to your friends and family who have a cell and may not know about this recent event.

Bank of Canada maintains overnight rate target at 1 per cent

Ottawa -
The Bank of Canada today announced that it is maintaining its target for the overnight rate at 1 per cent. The Bank Rate is correspondingly 1 1/4 per cent and the deposit rate is 3/4 per cent.
Uncertainty around the global economic outlook has increased in the weeks since the Bank released its October Monetary Policy Report (MPR). Conditions in global financial markets have deteriorated as the sovereign debt crisis in Europe has deepened. Additional measures will be required to contain the European crisis. The recession in Europe is now expected to be more pronounced than the Bank had anticipated in October, as a result of increased deleveraging and tighter financial conditions, as well as necessary fiscal austerity and structural reforms.
Recent economic data suggest that growth in the United States has been slightly more robust than anticipated, largely as a result of continued vigour in consumer spending and business investment. Nonetheless, household deleveraging, fiscal consolidation and negative spillover effects from the European crisis are all expected to weigh on U.S. growth. Growth in China and other emerging-market economies continues to be strong, although there are signs that it is moderating to a more sustainable pace in response to weaker external demand and the lagged effects of past policy tightening.

For More Information Select Link Below:

http://www.bankofcanada.ca/2011/12/press-releases/fad-press-release-2011-12-06/

CANADIAN HOME PRICES FLAT IN SEPTEMBER - MONTHLY REPORT ATTACHED

Canadian home prices in September were flat from the previous month, according to the Teranet-National Bank National Composite House Price Index™. The plateau followed nine consecutive monthly increases. Prices were also flat in two of the 11 metropolitan markets surveyed, Ottawa-Gatineau (ending a run of seven straight monthly gains) and Vancouver (ending a run of 11 straight gains - the longest among the 11 markets).

TO READ MORE SELECT LINK BELOW:
http://www.housepriceindex.ca/admin.aspx?mode=voirHTML&nonews=186&qui=3791&langue=EN

Smartphone pictures pose privacy risks

PLEASE PASS THIS INFO TO ANYONE YOU KNOW WHO TAKES PICTURES WITH THEIR CELL OR SMART PHONE AND POSTS THEM ON LINE.

I want everyone of you to watch this and then be sure to share with all your family and friends. Its REALLY important info, about what your posting things on your cell phones can do TO YOU!!! So much technology out there these days so beware............. PLEASE TAKE THE TIME TO WATCH THIS VIDEO, AND TAKE THE RECOMMENDED PRECAUTIONS. To watch video click on the following link:

http://www.youtube.com/watch?v=N2vARzvWxwY

In real estate there is no "right answer" on how to be successful. BUT, we have found that some agents are "more right" than others.

In real estate there is no "right answer" on how to be successful. BUT, we have found that some agents are "more right" than others.


ActiveRain conducted a survey(1) of 1,758 real estate professionals to find out what separates the top real estate professionals (those earning over $100,000 a year, we'll call them 'Rich Real Estate Agents') from the struggling real estate professionals (those earning under $35,000 a year, we'll call them 'Poor Real Estate Agents'). 379, or 22% of respondents were Rich Real Estate Agents, while 363 or 21% of respondents were Poor Real Estate Agents

To discover what was learned click here:
http://activerain.com/blogsview/2594884/rich-real-estate-agent-poor-real-estate-agent

RE/MAX and You on November 2nd, 2011

I know, I know, I know! You are just tired of hearing of how many opportunities RE/MAX has for you to attend and learn. Sometimes the amount of information out there is just overwhelming. The overwhelming number of emails, the calls from Vendors selling the biggest and best new thingy that will set you and your business apart, etc. etc. etc..

I want to challenge you to attend RE/MAX and You on November 22^nd, 2011

I use RE/MAX and You as a day to reflect on what is coming and what is important for me. Where else can you get a trusted source of information on what is new and what is smart. Trust that is what it is all about. Not some competitor just wanting you to move to them. Not a salesperson just wanting you to buy their wares or services. A trusted source of knowledge to build your business foundation on.

The knowledge to impart to you a strong business direction, the Brand strength to implement the strategy for success and the confidence to win the day.

If you have not yet registered for RE/MAX and You, do so today. Take the day to reflect, engage, network and prepare for 2012.

I look forward to seeing you at RE/MAX and You!

https://www.cvent.com/events/re-max-you/registration-073731d66741417aab1f2c7e5a7f5a7b.aspx

Darryl Mitchell

RE/MAX Professionals Incorporated Brokerage

RE/MAX Professionals Welcomes Nick Goomber

 

Nick Goomber comes to Remax Professionals from an engineering background. Having attended the University of Toronto for Mechanical Engineering gave him an in-depth understanding of Project Management, structural design and intensive research and marketing methods. At a young age he involved himself with his family’s businesses and taking on the role of General Manager after graduation dealt with construction, leasing, marketing and advertising, new product development and budgeting. Nick is involved in sports and charities, and was given the honour to be part of the prestigious 2010Vancouver Winter Olympic Games where he was chosen to  run the Olympic Torch for part of the journey across Canada. 

Nick can be reach at 647-865-6455 or ngoomber@trebnet.com

Make remembrance more than something you feel. Make it something you do.

"We live in a wonderful Country, full of opportunities and freedoms we should never take for granted. We owe to those who have served, and are serving today to learn, understand, and appreciate the task they have undertaken. Through their courage, and sacrifice they have given us an opportunity to to be free. THANK YOU."
Christine & Darryl Mitchell

Each year, from November 5 to 11, Canadians join together to celebrate Veterans’ Week - this year is no different.
During this week, hundreds of commemorative ceremonies and events will take place across the country to recognize the achievements of our Veterans and honour those who made the ultimate sacrifice.
This Veterans’ Week, take the remembrance challenge. There are many ways to show that you remember and honour our Veterans:

• Pin a poppy above your heart.
• Attend the local Remembrance Day ceremony.
• Talk to a friend or relative who has just returned home from Afghanistan or who served in other areas of conflict.
• Listen to Veterans talk about their experiences.
• Create a mashup and share it on the YouTube Channel
• Visit the Veterans Affairs Canada Facebook fan page, write on our wall and share how you remember.
• Follow Veterans Affairs Canada on Twitter and tweet about how you remember
• Change your Facebook profile picture to a poppy.
• Blog, tweet or update your Facebook status about the importance of remembrance.

For more on this article please follow this link:

http://www.veterans.gc.ca/eng/remembrance/veterans-week

Housing evolution driving average price appreciation

For immediate release

Housing evolution driving average price appreciation

in Canada’s major centres, says RE/MAX

Record investment dollars poured into Canadian housing stock over past decade

Mississauga, ON (November 7, 2011) -- Billions spent in new construction, renovation, and infill over

the past decade have contributed to a serious upswing in the calibre of Canada’s housing stock,

propping up residential average price in the country’s major centres, according to a report released

today by RE/MAX.
 
For More on This Article please see link.
http://www.remax-oa.com/MediaNewsroom/Lists/PressReleases/Attachments/69/REMAX_HE_2011_REL.pdf

Fixed or Variable - It's NO Contest

Variable-rate mortgages are so over.
Go fixed rate if you’re arranging or renewing a mortgage, and think hard about the four-year term. If you take in all the recent developments in the mortgage market, this is the most logical strategy.
Variable-rate mortgages are being sold at the prime rate in many cases right now, which is 3 per cent. The traditional discount off prime? Snuffed out by the banks. They’ve decided they aren’t making enough money from discounted variable-rate mortgages, so goodbye discount for the most part. If you shop around, maybe you’ll get 0.2 of a point off prime.
For more on this article from Globe & Mail writer Rob Carrick go to:

http://www.theglobeandmail.com/globe-investor/personal-finance/variable-or-fixed-its-no-contest/article2220424/

2011 - Canadian Online Banking scorCard Review

For the second straight year RBC Royal Bank has ranked 1st in Surviscor’s Online Banking scorCard, a comprehensive, objective annual assessment of online features and functionality at major Canadian banking institutions. TD Canada Trust, a previous two-time winner, again placed second. Last year’s third place finisher, CIBC, has been bumped by BMO Bank of Montreal which jumped from eighth place. This year also marks the first time the big five banks have taken the top five spots. Surviscor introduced Ally into the review and once again, customer e-mail responsiveness initiated outside of the secure website is poor as measured by Surviscor's ongoing Customer Email Responsiveness (CER) program. Not one online banking firm attained Surviscor's Platinum status of under 4 hours average response time.”

http://www.surviscor.com/ScorView/Reviews/OnlineBanking/2011/

GTA REALTORS(R) Release New Quarterly Condo Market Report

GTA REALTORS(R) Release New Quarterly Condo Market Report
TORONTO, ONTARIO -- (Marketwire) -- 10/24/11 -- Greater Toronto REALTORS® reported 5,770 condominium apartment transactions through the TorontoMLS® system in the third quarter of 2011, representing a 24 per cent increase over the same period in 2010. The average selling price increased by almost nine per cent to $333,352.

http://www.euroinvestor.co.uk/news/story.aspx?id=11822932

Teranet and National Bank expand the coverage of the Canadian house price index

Montreal, October 19, 2011 – National Bank and Teranet are pleased to announce the expansion of the Teranet – National Bank House Price Index™ to five additional metropolitan areas. House price indices will now also be available for Edmonton, Hamilton, Québec, Victoria and Winnipeg as early as October 26, 2011.

Combined with the current Canadian metropolitan areas covered by the index, Calgary, Halifax, Montreal, Ottawa (now Ottawa-Gatineau), Toronto, and Vancouver, the aggregate value of occupied dwellings in the metropolitan area covered by the indices now represents 64% of the Canadian aggregate value¹ .

More:
http://www.housepriceindex.ca/admin.aspx?mode=voirHTML&nonews=168&qui=3791&langue=EN

Give homeowners a permanent rebate

This is a great article to pass on:
Given the state of the economy, a permanent rebate on home renos would go a long way to stimulate the economy and help maintain home values.

By Romana-King-Blog

http://www.moneysense.ca/2011/10/11/give-homeowners-a-permanent-rebate/