Vol. 24, Issue 6, November 2016
Well… the US election happened…wow what a year with Brexit and now this. Was praying to make history with Hillary, of course. And amazed at the incredible animosity. Not pretty and clearly a divided country featuring some really horrific campaigning, it is nice that it is over, and hopefully some rebuilding of communities and philosophies will prevail. What did I get out of it? Feeling SO blessed to be Canadian and to live in our wonderful diverse city.
On a more uplifting note, did you see on our website or Facebook that we had a fun and SUNNY day for our big Pumpkin give away this year, for the first time in ages?!? It was blustery, yet much better than the rain we’ve had in recent years. It was especially successful with tons of you wonderful clients and friends dropping by for a visit and a pumpkin and helping us raise lots of $money$ for The Daily Bread Food Bank! Hope to see an even bigger turnout next year! It was such a hoot too that we opened our costume options up for vote, so Ghostbusters it was… despite me and Claire really rooting for M&M’s - ha!
It has been a busy Fall market - with many of our clients finding their dream home, moving up or downsizing and continuing with the buying/selling of investment properties. With the sky high rents, there are good options to be had for buying homes/condos with part or all as rental suites. It can be a bit of a bonus when the tenant moves out, so the rents can be increased to match the real estate market increases.
In general, as of about the third week of September it was not quite as “hot” as it has been earlier in the year. (Of course, there are always exceptions to that - especially if a lack of inventory in that particular type of property). It is a little too early to tell if that has been a result of the tremendous spike previously, the exceptionally strong summer market (which meant a lot of the Fall business was done), or if all the new mortgage rules are having an impact. The US election uncertainty and now results may also be creating some of the ups and downs. Our team is well versed in the impact of the mortgage changes and have details to share if you know someone (especially first time buyers) looking to get into the market. Give us a shout, we can help!
Be sure to check out our website for a great property not on the MLS - We have a fabulous new build assignment sale, in a luxury freehold townhouse complex that was SOLD OUT. We may be able to let you know of potential other listings coming etc.
guiding you home,
- Sincere congratulations to the Honourable Justice Jasmine Akbarali who has recently been appointed as a judge of the Superior Court of Justice in Toronto! We are so proud for you!
- Sylvia Apostolidis is excited to announce the launch of her company, The Jasmar Group! Sylvia has worked to build diverse and inclusive companies, particularly around advancing women in business, for well over a decade. She launched The Jasmar Group in response to companies frustrated with the slow rate of change. She asked, “Why aren’t companies making substantial progress and what can we do about it?” She believes the answer lies in science. The Jasmar Group are full-service diversity and inclusion consultants who take a new approach. The goal is to help companies benefit from diverse perspectives, create innovative products and services and move towards a better world. Please visit her website at www.thejasmargroup.com to find out more!
Ever dreamed of being on the Price of Right? And winning the coveted car?! It can really happen! It was incredibly exciting to watch our friend & client Ayumi Iizuka win her very own car on The Price is Right on October 20th!
Sending lots of love and congratulations to Shaylyn Adair & Troy Wagg for the healthy and exciting birth of their first child Kienan Wagg on November 9th, 2016 in Lethbridge Alberta. Jen Palacios, Mary & Julie are all such proud “great” aunties!
October Home Sales Up Year-Over-Year
November 3, 2016 - Toronto Real Estate Board President Larry Cerqua announced that GTA REALTORS® reported a record 9,768 sales through TREB's MLS® System in October 2016 – up by 11.5% compared to October 2015.
For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment. Detached home sales were up by 10% year-over-year, driven predominantly by transactions in the regions surrounding Toronto.
"The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017," said Mr. Cerqua.
The MLS® Home Price Index Composite Benchmark was up by 19.7% on a year-over-year basis in October 2016. Similarly, the average selling price for all home types combined was $762,975 – up 21.1% over the same time period. Double-digit increases were experienced for all major home types for the TREB Market Area as a whole.
"New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller's market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments,"
said Jason Mercer, TREB's Director of Market Analysis.
Feel Like Giving Back? Movember Foundation
Join the movement! Help stop men from dying too young. The Movember Foundation is the only charity tackling men’s health on a global scale, year round, addressing some of the biggest health issues faced by men: prostate cancer, testicular cancer, and mental health and suicide prevention.
In 13 years they have funded more than 1,200 men’s health projects around the world. By 2030 their goal is to reduce the number of men dying prematurely by 25%.
To Donate go to: www.Movember.com
Many of our clients have had their personal experiences with The JKT caught on video instead of the regular written word – they're even posted on YouTube! We so appreciate your kind testimonials. Our YouTube channel is growing exponentially and JUST HIT over 303,084 views!
The JKT Inukshuk Club Members
This year our team has decided to honour those people who have so generously referred us to their friends and family. We have nicknamed it the “JKT Inukshuk Club”. Below is another sampling of some of the members. Thank you for your continued trust, support and loyalty!
The Julie Kinnear Team's GEMs (Genuine Evidence of Merit)
Thank you to the Julie Kinnear team. The quick sale may seem that it was an easy sale to those that don't understand what goes on behind the scenes, but I know that the credit goes to the extensive network and efforts of the Julie Kinnear team. Well done!
What they got! More of our happy buyers!
A continuing column of the Julie Kinnear Team's sales...
Our purpose is for you to be so outrageously happy with the service we provide that you gladly refer us to your friends and family before you’ve even bought or sold with us.
Courtesy of Carrie Davidson
Dominion Lending Centres Service First Mortgages #12089
The JKT – A few of our Favourite things: