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New Homes by Gamble Rd, Richmond Hill.
2007-02-01 05:14:00
I have seen a few inquiries from visitors to this blog looking for information on the new homes in the Gamble road area of Richmond Hill . For those who are interested in this area here are a few tidbits of information. The newest larger development in the area is the Tribute Homes ' "Inspiration" development on the North side of Gamble. There is a fairly wide selection of properties available in the area ranging in prices from $469,000 to $869,000 (based on a quick search by map co-ordinates on Jan 31st at 11:24pm). Unfortunately I can not publish specific details about these homes, as they are not my current listings (privacy and advertising laws etc...). However if you want to know what is available you can request information on homes for sale in Richmond Hill, Ontario, from my website and I would be more than happy to provide you with a list of available homes as well as my help in determining if any of these homes are right for you, or if there are better homes in other are...
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York Region Real Estate Year End Stats and Forecast
2007-01-18 14:37:00
Real estate markets in York Region and the Toronto area finished 2006 with a bang. With December, 2006, home sales up be 4.5% in volume, over Dec. 2005, the year ended only 1.1% behind 2005, with a total of 83,084 homes sold through the Toronto Real Estate Board's MLS®. The Average price, in 2006, across the TREB MLS® was $351,941 up from $335,907 in 2005.In Richmond Hill and Aurora the volume of sales decreased slightly, with the exception of the N05 district (Richmond Hill North of Gamble Rd including Oak Ridges and several newer developments like Macleod's Landing, Tribute's "Inspiration, Bond Lake, The Humberlands, etc...) which saw an increase of sales volume by 17.6%. The average sale price in N05 increased by 6% to $455,973 and the median home sale price is up 5.3% to $430,500.The majority of these increases can be attributed to the vast amount of development that has occurred over the last 7 years that have changed the area from farm fields into residential neighbourhoods...
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Ontario Passes Bill To Property Owners From Fraud
2006-12-16 18:24:00
Bill 152 has just been passed, according to a notice from the Toronto Real Estate Board, to ensure that the legal owners of property will not lose their ownership through fraud.This means that you no longer need to worry, as much, about losing your home due to fraudulently registered mortgage, fraudulent home sales, or fake power of attorney documents.All I can say is that it is about time. Since November 2005 we have had to live with the possibility that someone could falsify documents, and register a mortgage on our property, and we, the owner, would be legally responsible for paying the mortgage even if it is proven that we had nothing to do with the mortgage application. Usually the people at greatest risk were those who had paid off their mortgage. So, these hard working people that had managed to pay off their mortgages could suddenly find themselves back under the grindstone to pay off a debt that only put money in someone else's pocket, even though it was the bank that ma...
More About: Fraud , Property , Ontario , Frau , Pass

Luxury 3 bedroom Bungalow on 10 acre Hobby Horse farm
2006-12-13 02:04:00
New exclusive listing near the prestigious Bond Head golf club. 10.13 acres of rolling pastures and paddocks. This luxury Bungalow has custom Canac cabinets in the Kitchen, Master ensuite, and great room with granite counters and cork floors. Perfect for anyone who is likes both the piece and quiet of the country and high quality modern design. There are too many features to list here.Get more information on this 10 acre hobby horse farm just 45 minutes to Toronto or call me for a viewing.Looking for a Free property Value analysis, MLS Listing Search visit my site for more information about York Region, Aurora and Richmond Hill Real Estate.
More About: Luxury , Hobby , Bedroom , Room , Farm

Home Sales statistics in Richmond Hill, Ontario
2006-12-10 13:37:00
Another month has passed and November, 2006, continued to show strong sales volume, if a bit lower than last year.Across the Toronto Real Estate Board's MLS® system there were 6,281 homes sold in November 2006. Which is lower than 2005's 6,646 home but very close to 2004's 6,301 homes sold, for the month of November. There is also a larger number of homes on the market. In the November Statistics , in the Toronto Real Estate Board's Market Watch publication, there were 22,981 active listings.The average sale price across the region was $355,727 with a median sale price of $298,000.For Richmond hill, or the 3 districts that encompass Richmond Hill (N03, N04 and N05) there was 268 homes sold in November 2006, down from the 311 homes in Nov 2005, and 1168 active listings. 150 of those homes sold were freehold detached homes, 45 were apartment condominiums and 41 were freehold townhouses.For Richmond Hill, in November 2006, the statistical breakdown is as follows:District ...Number o...
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Richmond Hill Home sales for October 2006
2006-11-13 14:35:00
Sorry for any delay in posting the Richmond Hill home salesstatistics. I am preparing for my own move and adding packing, planning and any required arrangements on top of my clients needs has led to my blog being put on the back burner.So Richmond Hill had another great month in October 2006. The Real Estate markets are still moving strong with the south end of Richmond Hill actually increasing in sales volume over September. The number of available homes for sale in Richmond Hill, Ontario, decrease slightly since September 2006 as is typical of the late fall markets. Home sales in Richmond Hill are predominantly Detached homes with Condo Apartments in the south end of Richmond Hill (N03 district which includes a small portion of Markham and Vaughan) providing a strong second housing option.The average home sale price in the South end of Richmond Hill, for October 2006, was $404,637 with a median price of $351,600. This is up from an average of $389,187 in October 2005 even though t...
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Toronto Real Estate statistics for October 2006
2006-11-06 13:33:00
The Toronto Real Estate Board has posted the October real estate market statistics for homes traded on the Toronto MLS® system. The volume of sales was up from September but only 95.85% of the levels in October 2005. With a total of 8,876 homes sold and an average sale price of $356,423 which is up 4.08% from last year at this time. Currently the number of homes listed on the Toronto MLS® system are up in all districts. Although, in the Central Districts the increase is only by 32 homes, bringing the number to 3,532 available homes. The Central Toronto districts have also gone against the grain on the volume of sales with an increase in home sales totalling 1,317 for October. All of the other districts have seen slight decreases in sales volume along with slight increases in home listings.I will post more specific statistics for Richmond Hill, Aurora and Newmarket over the next few days.Looking for a Free property Value analysis, MLS Listing Search visit my site for more inf...
More About: Real Estate , Statistics , State

Updated real estate statistics for York Region coming soon
2006-11-04 02:39:00
Octobers real estate statistics were published today. The sales volume was still strong, however it is lower than last year. This is consistent with the slowing of the real estate markets. I will be posting a more detailed evaluation in the next few days so please check back for the updated numbers for home sales in Richmond Hill, Aurora, Newmarket, York Region and the real estate markets covered by the Toronto Real Estate Board.Looking for a Free property Value analysis, MLS Listing Search visit my site for more information about York Region, Aurora and Richmond Hill Real Estate .
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Newmarket Home Sales Statistics
2006-10-25 14:43:00
There seems to be a fair demand for Sale to active listing statistics in Newmarket , Ontario. In September the sales volume in Newmarket did decrease relative to August however the level of competition is still very balanced.88 of the 300 active Newmarket listings sold in September 2006 with the majority of the homes being detached houses.Along with the strong sales volume there were some increases in price over last year, but not as much as some might have hoped for. The average detached home sold for only $5,438 coming up to $387,077. The median home price for detached homes in Newmarket for September was $364,500 which would indicate that there were a few homes that sold significantly higher than the average price range.Semi detached home's, in Newmarket, average sale price was $265,107 which is up from last year's $247,667. The median home price for the semi detached homes was $271,500 which indicates that there were several homes sold well below the average price. This ref...
More About: Sales , Home , Statistics , Mark

Richmond Hill Ontario Home Sales Breakdown
2006-10-16 23:51:00
Here is some new statistics on the Richmond Hill, Ontario , and Oak Ridges real estate markets.Richmond Hill's three districts have shown that they are moderating but there is still a question about where the home sales are, in terms of the different types of housing. The following charts, based on the information provided by the Toronto Real Estate Board in the Market Watch publication, shows that the majority of available homes and homes sold across Richmond hill are detached homes.In the N03 District almost 40% of the sold homes were detached home, in Central Richmond Hill (N04) that number goes up to more than 60% and detached homes in Oak Ridges and the N05 district accounted for 68% of the sold homes.Some other interesting numbers in the Richmond hill real estate markets are the average sale prices. In the South end of Richmond Hill the average sale price in September 2006 was $421,964 with a median sale price of $338,000. In the N04 District the Average was $402,950 with a me...
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Richmond Hill Real Estate Statistics for Sept 2006
2006-10-15 14:42:00
Richmond Hill, Ontario, covers 3 districts in the Toronto MLS® system. These are N03, N04 and N05. The boundaries of Richmond Hill are Highway 7 in the South, Bloomington Road in the North, Highway 404 to the East and Bathurst Street to the West. The N03 district is everything South of Major Mackenzie Dr., N04 is between Major Mackenzie Dr and Gamble Road and N05 is from Gamble Road to Bloomington Rd. Richmond Hill's N05 district includes Oak Ridges.The number of homes for sale in Richmond Hill has increased in the past few months and at the same time the number of sales has decrease slightly. This is in line with the expectations of a balancing market. It is expected that housing prices will level off and sales volume will moderate. There seems to be a large portion of home sellers that are still looking for a 5%, plus, price increase over last year. This is a bit of a concern as the average sale price has only increased around 3% since last year and in some types of homes it may...
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Toronto Real Estate Statistics
2006-10-07 15:47:00
Market Statistics Toronto - September 2006 .Another month has past and sales are still going well. The average sale price is up by 3.2% over last September with 6,622 homes sold in through the Toronto Real Estate Boards MLS® system. Home sales seem to be on their way to nearly matching last 2005?s final home sales number of 84,145. However, this is mostly due to large sales numbers early in the year. September saw a reduction in home sales volume be around 10%, still the third best September according to the Toronto Real Estate Board.There were 15,326 new listings in September bringing the inventory levels to 26,363 homes listed on the Toronto MLS®. This number is up 2,332 homes over August 2006. Which means that about 6,372 homes either expired, terminated or were suspended. It is also possible that many of those fifteen thousand new home listings may have been re-listed to zero their Day On Market (DOM) statistic, which is a big reason that I do not trust the official average DOM, ...

Ontario Real Estate Fraud Legislation Proposed
2006-09-12 05:58:00
The Ontario Provincial Government has announced that it plans to introduce a new law to protect home owners from real estate fraud. For the last year, real estate fraud has been a hot topic as currently home owners can have their title fraudulently stolen and have money borrowed by the fraudulent owner. If this happens the mortgage is still seen as a valid mortgage and the real home owner can be held responsible for the fraudulent mortgage. Title insurance will protect against real estate fraud for the most part but there are some that speculate that, if the laws were not changed, the insurance companies might be able to claim that since the mortgage was legal then it is not something that should be covered by insurance.The new law would ensure that home owners that fall victim to real estate fraud would get their homes back free of any fraudulent debts, liens or encumbrances. ?It is expected that the new legislation will be introduced this fall.? According to the Toronto Real E...
More About: Estate , Fraud , Real Estate , State

Real Estate stats for the GTA in August 2006
2006-09-08 15:16:00
September has come, kids are back to school and the August Real Estate Statistics are in. August, 2006, has some mixed messages for us, as there was an increase in the average sale price of 4.6% over August in 2005 and a decrease in sales volume by almost 7%. The total number of homes sold through the Toronto Real Estate Board?s MLS system was 6,796 down from 7,498 in August 2005. This still represents a large number of homes sold but does show that home prices cannot continue to increase significantly without the potential for creating a bubble market. The Average home sale price across the GTA was $338,192 up from $323,255 in August 2005. My personal opinion on this number is that, even thought the average sale price increased by 4.6% when looking at the specific types of houses, the home values have increased only slightly. I feel that the main reason for the increase is that buyers are still pushing to get a larger home. There have been more price reductions prior to selling...
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Becoming a Real Estate Agent in Ontario, Canada
2006-08-30 07:40:00
So you want to know how to become a Realtor® in Ontario, right? I have more people coming to this blog with that search term than, just about, any other question. Most of you are not concerned about the fact that in the last 7 years 50% of new agents dropped out before their first 2 years, or that the markets are slowing down and commissions are much more competitive or that there are over 24,000 agents on the Toronto Real Estate Board all competing for the same clients. This means that, there is an average of 7 commission checks, for residential homes sold, per agent if the business was spread out evenly. Most of you will not mind that it is quite likely that 20% of the agents do 80% of the deals, leaving the other 80% with 1.75 deals (residential sales only) a year each, if spread evenly across that 80%.It is important to know that getting your real estate license is the easy part of being a Realtor®. The licensing courses are focused on your legal liabilities, an understanding of...
More About: Agent , A Real Estate , Real Estate , Real Estate Agent

Home Selling Mistake to Avoid
2006-08-27 02:04:00
Home staging is a very in concept right now.  Whether it is done by a professional or by the home owner does not matter so much as what the results are.  We often think of home staging as making your home look perfect, but there is another aspect that many people make major mistakes with.  The look of your home is important but smell is critical. We have all heard about baking cookies or heating a little water with some cinnamon in it to add that sense of home.  However, this is not always a good idea.  The reason that cookies and cinnamon were considered good smells comes from a 1950?s American concept of life.  If you an Nth generation Canadian or American you probably have fond memories of your mother cooking apple pie or cookies for a special event or dinner, and for you the smell of homemade cookies and cinnamon may bring back great memories.  However, for the growing population of, non western European desce...
More About: Selling , Home , Mist , Sell , Avoid

Real estate Sales Statistics for July 2006 in the GTA
2006-08-06 19:09:05
Resale home statistics for July 2006 have been published for the Toronto Real Estate Board.  At first glance the markets are doing very well, with 7082 sales in July with and average sale price of $342,034.  This represents a slight dip in sales relative to last year in July and an increase in average sale price of $16,000 from July 2005.There are some interesting points of interest in the breakdowns or the sale though, especially in the North districts.  There are a number of districts where the ratio of the sales to active listings has dropped significantly.  Oak Ridges had 251 listed detached homes and only 35 detached sales.  This represents a 13.9% ratio of sales to listings or a 7 .2 month supply of detached home in the N05 district.  There are several areas that are experiencing sub 20% sales to listing ratios.  So what does this mean to the average consumer?  It is said that if the Sale s to Listi...
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Official Real Estate Home Sales Statistics for the Toronto M
2006-08-06 19:09:05
The official sales numbers are in for the Toronto MLS system in the month of June 2006.  There were officially 8,730 homes and condos sold through the Toronto MLS system in June 2006.  This brings the year to date sales numbers up to 46,575 homes sold through the Toronto MLS system.  The difference between the preliminary numbers and the official numbers could be due to some rentals being listed as ?for sale? in stead of ?for lease?, or duplicate listings and or commercial or business listings that are listed as having a bedroom.The Toronto Real Estate Board has also just changed to systems that they use for tracking these statistics which may cause some ?minor discrepancies?.  The average sale price of homes in June 2006 was $358,035 up from June 2005 which was $345,065As a side note as of April 2006 there are now just short of 24,000 members of the Toronto Real Estate Board which is around 3000 more agents that in April 2005.
More About: Sales , Home

Real Estate Investors needed for Lease to Own Program.
2006-08-06 19:09:05
I am currently looking for Real Estate Investor s that are interested in investing in a lease to own program. I have several clients for this program and my previous investment company has just moved to Alberta. If you are interested in investing in real estate and would like to know more about this program, call me. Lease to own or Rent-to-own investments provide a higher level of security over traditional Rental property investments. The investment program I am building is beneficial to all parties involved as I would not feel comfortable promoting it if it did not have benefits for all parties and be based on a fair and reasonable system. So, if you are looking at real estate for an investment medium over a 2-3 year term (terms may vary depending on the Investor?s and Tenant/Buyer?s needs). Call me at 416-278-2335 to learn more about Lease-to-Own investments and how you can benefit. My disclaimer - Andrew Hodge is neither a lawyer nor an investment advisor and you are advis...
More About: Real Estate , Vest , Prog

Backing out of a real estate deal?
2006-08-06 19:09:05
Searched term- ?back out real estate purchase Ontario?.  This is the latest search term that brought someone to my blog.  I have never covered backing out of a purchase before, so I might as well give you a brief overview.  In general you do not want to go through this unless there are extreme circumstances where you feel the seller has misrepresented the home or that the home has been damaged since you purchased the home and the seller is not willing to fix the damage.When I say backing out of a purchase I am talking about after all of the conditions to your purchase agreement have been removed and you decide not to go through with the purchase.  After this point you do not have any legal right to cancel the agreement without consent from all parties in writing.  The exceptions would be if the house burnt down (or was significantly damaged and left unfixed by the closing date) and is therefore not the product that you agreed to purc...
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Illegal Real Estate Referral Commissions in Ontario, Canada.
2006-08-06 19:09:05
Another You Asked For It!  Search Term ?Ontario Canada illegal real estate referral commissions?It has been common practice in the past For Realtors to offer referral fees to anyone who is responsible for sending a client to them that ends up buying or selling a property.  This is know a bird dog fee and in Ontario is completely illegal except when the person referring the client is also a Realtor registered in Ontario.  In the past it was only the Realtor giving out the referral commission that had any repercussions if they were caught. This is no longer the case. With the Passing of the ?Real Estate Business Broker Act 2002? (REBBA 2002) as a Federal law, in Canada, and enforcement starting back on April 1st 2006, anyone involved in illegal real estate referral commissions can be prosecuted under REBBA 2002.  This means that if you refer a friend to your real estate agent and they pay you a commission because your friend completes a transact...
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Demand for Real Estate Agents in Ontario
2006-08-06 19:09:05
?How is demand for real estate salesperson in Ontario? is the latest search term for my ?You asked for it? column.  I am assuming that the person who typed in this term is considering becoming a Real Estate Agent in Ontario.  I have also had a few people search similar terms for the GTA which I can answer more reliably than for other areas.  It is quite possible and probably more than likely that what has happened in the Greater Toronto Area has also happened in other areas around Ontario.  The Housing markets in the GTA have been very hot for the last 6 plus years.  This has meant that many people have entered into the Real Estate profession thinking that it is easy and that all you have to do is list a home and it will sell.  This has caused the number of active agents on the Toronto Real Estate Board to swell to almost 24,000 agents back in April 2006 and it is probably over 24,000 by now.  A large number of th...
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