Will you get Pinned for Valentine's

 

It’s incredible that it is already February and Valentine’s Day is just a week away!  Order wisely!  Plan ahead! Do something Special! Now when they say PIN me   Its your code for the Blackberry.  Yes I joined,  I can friend you too! 

The Phenomena that is the real estate market in Toronto continues unabated.  No matter the media, no matter the headlines, the declining inventory forces Buyers to compete for those listings in the neighbourhoods they desire.   Read details here Sales Down, Inventory Down Prices holding firm with multiple offer situations in the select neighbourhoods. Condos now account for 35 % of all sales.  Click Here for Market Watch.

 

Bank Changes by Flaherty to the amortization reduced to 30 years and the ability to refinance homes limited to 80% on your home equity line of credit [HELOC] really doesn’t make much difference to existing home owners.  It will limit those entering the market.  New Canadians can buy with 5% down, Full Time job and Landed Immigrant status. (PR CARD)  So what changed?  No More Bank insured lines of credit.

 

No one enters a relationship planning to leave, but if you are planning departure make sure you make yourself aware of the rules; There are mutual debts and assets and your borrowing and liabilities will go with you.  The asset you thought you own, may require spousal consent for a sale.  Marcy Berg sets out the Rules Click here for additional details.

 

Fun Places?   The Phone Booth Art Gallery in the Junction,   3148 Dundas St W., nr High Park.  They have a display of local artists and pottery. If you are seeking something different…..  GO and Stare in their window!   Click Here!

 

I am taking some time, to improve my licensing, and obtain an Accredited Seniors Specialist Designation.  This will enable me to hone my knowledge and skills with senior issues and estates in a better fashion. I am sure there will be details following shortly.

 

Increase in values this year?   My guess 4%    1.5% bank rate plus inflation of 2.4%.     Careful what you borrow to buy.

 

If you find value here; please forward it to a few friends or business partners, as always I need your assistance to connect and engage with new prospects.  If you think of someone buying or selling in the near future, please tell me how best to connect them.

 

 

 

regards,

David Pylyp
Sales Representative
RE/MAX Realty Specialists Inc. Brokerage
HomesWest Toronto
Humber Bay Shore 
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905 272 3434 office
647 218 2414 direct


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