Modern Family Realtor Promo Video Contest

149-1916Free 1-week or weekend stay at the beautiful Couture condo near Yorkville! 3 winners will be announced on March 1, 2017.

With our new promo video launching this month, we are thanking our
social media followers with a free stay at the Couture as part of the
Modern Family Realtor Gives Back Campaign!!

To enter the contest, like and share the video pinned to our Facebook page (shown below).

Winners will be announced on March 1, 2017.  See below for full terms and conditions.

Modern Family Realtor Contest Terms and Conditions

NO PURCHASE IS NECESSARY TO ENTER OR WIN. A PURCHASE DOES NOT INCREASE THE CHANCES OF WINNING. THIS COMMUNICATION IS NOT INTENDED TO CAUSE OR INDUCE BREACH OF AN EXISTING AGENCY AGREEMENT.

Eligibility: This Campaign is open only to participants in Ontario. The Campaign is only open to legal residents of Ontario, and is void where prohibited by law. Employees of Modern Family Realtor, its affiliates, subsidiaries, advertising and promotion agencies, and suppliers, (collectively the “Employees”), and/or those living in the same household of Employees are not eligible to participate in the Campaign. The Campaign is subject to all applicable federal, provincial, and local laws and regulations. Void where prohibited.

Agreement to Rules: By participating, the Contestant (“You”) agree to be fully unconditionally bound by these Rules, and You represent and warrant that You meet the eligibility requirements. In addition, You agree to accept the decisions of Modern Family Realtor as final and binding as it relates to the content of this Campaign.

Campaign Period: Entries will be accepted online starting on February 23, 2017 and ending March 1, 2017. All online entries must be received by March 1, 2017. Winner will be announced on March 1, 2017 and will be communicated by Facebook messenger, email or by phone.

How to Enter:
The Campaign must be entered by a Like and Share on a social media platform such as Facebook, LinkedIn, Twitter and Instagram.
If you prefer not to utilize social media, please email modernfamilyrealtor@gmail.com to enter contest. All clients of Modern Family Realtor will be entered into the contest. The entry must fulfill all Campaign requirements, as specified, to be eligible to win a prize. Entries that are incomplete or do not adhere to the rules or specifications may be disqualified at the sole discretion of Modern Family Realtor. You must provide the information requested. You may not enter more times than indicated by using multiple email addresses, identities, or devices in an attempt to circumvent the rules. If You use fraudulent methods or otherwise
attempt to circumvent the rules, your submission may be removed from eligibility at the sole discretion ofModern Family Realtor.

Prizes: The Winner(s) of the Campaign (the “Winner”) will receive:

3 Prizes – Free 4 night (Monday to Friday) or 2 night (Friday to Sunday) stay at the Couture – 28 Ted Rogers Way 1003.  No holidays
allowed. Subject to availability. 1 week notice must be provided. Must be used before June 1, 2017.

The specifics of the prize shall be solely determined by Modern Family Realtor. Prize must be accepted in person within 30 days of notification. No cash or other prize substitution shall be permitted except at Modern Family Realtor’s discretion. The prize is nontransferable. Any and all prize-related expenses, including without limitation any and all federal, provincial, and/or local taxes, shall be the sole responsibility of Winner. No substitution of prize or transfer/assignment of prize to others or request for the cash equivalent by Winner is permitted. Acceptance of prize constitutes permission for Modern Family Realtor to use Winner’s name, likeness and entry for purposes of advertising and trade without further compensation, unless prohibited by law.

Odds: The odds of winning depend on the number of eligible entries received. Winner Selection and Notification: Winner will be selected by a random drawing under the supervision of Modern Family Realtor. Winner will be notified by email, FB messenger or phone within twenty-four (24) hours following selection of Winner. Modern Family Realtor shall have no liability for Winner’s failure to receive notices due to spam, junk e-mail or other security settings or for Winner’s provision of incorrect or otherwise non-functioning contact information. If Winner cannot be contacted, is ineligible, fails to claim the prize within 30 days from the time award notification was sent, or fails to timely return a completed and executed declaration and release as required, the prize may be forfeited and shall be saved for next contest hosted by Modern Family Realtor. Receipt by Winner of the prize offered in this Campaign is conditioned upon compliance with any and all federal, provincial, and local laws and regulations. ANY VIOLATION OF THESE OFFICIAL RULES BY WINNER (AT MODERN FAMILY REALTOR’S SOLE DISCRETION) WILL RESULT IN WINNER’S DISQUALIFICATION AS WINNER OF THE CAMPAIGN, AND ALL PRIVILEGES AS WINNER WILL BE IMMEDIATELY TERMINATED.

Rights Granted by You: By entering this content (e.g., photo, video, text, etc.), You understand and agree that Modern Family Realtor, anyone acting on behalf ofModern Family Realtor, andModern Family Realtor’s licensees, successors, and assigns, shall have the right, where permitted by law, to print, publish, broadcast, distribute, and use in any media now known or hereafter developed, in perpetuity and throughout the World, without limitation, your entry, name, portrait, picture, voice, likeness, image, statements about the Campaign, and biographical information for news, publicity, information, trade, advertising, public relations, and promotional purposes. without any further compensation, notice, review, or consent. By entering this content, You represent and warrant that your entry is an original work of authorship, and does not violate any third party’s proprietary or intellectual property rights. You shall indemnify, defend, and hold harmless Modern Family Realtor from and against any suit, proceeding, claims, liability, loss, damage, costs or expense, which Modern Family Realtor may incur, suffer, or be required to pay arising out of such infringement or suspected infringement of any third party’s right.

Terms & Conditions: Modern Family Realtor reserves the right, in its sole discretion, to cancel, terminate, modify or suspend the Campaign should virus, bug, non-authorized human intervention, fraud, or other cause beyond Modern Family Realtor’s control corrupt or affect the administration, security, fairness, or proper conduct of the Campaign. In such case,Modern Family Realtor may select the Winner from all eligible entries received prior to and/or after (if appropriate) the action taken by Modern Family Realtor. Modern Family Realtor reserves the right, in its sole discretion, to disqualify any individual who tampers or attempts to tamper with the entry process or the operation of the Campaign or website or violates these Terms & Conditions.

Limitation of Liability: By entering, You agree to release and hold harmless Modern Family Realtor and its subsidiaries, affiliates, advertising and promotion agencies, partners, representatives, agents, successors, assigns, employees, officers, and directors from any liability, illness, injury, death, loss, litigation, claim, or damage that may occur, directly or indirectly, whether caused by negligence or not, from: (i) such entrant’s participation in the Campaign and/or his/her acceptance, possession, use, or misuse of any prize or any portion thereof; (ii) technical failures of any kind, including but
not limited to the malfunction of any computer, cable, network, hardware, or software, or other mechanical equipment; (iii) the unavailability or inaccessibility of any transmissions, telephone, or Internet service; (iv) unauthorized human intervention in any part of the entry process or the Promotion; (v) electronic or human error in the administration of the Promotion or the processing of entries. Disputes: THIS Campaign IS GOVERNED BY THE LAWS OF CANADA AND ONTARIO, WITHOUT RESPECT TO CONFLICT OF LAW DOCTRINES. As a condition of participating in this Campaign, participant agrees that any and all disputes that cannot be resolved between the parties, and causes of action arising out of or connected with this Campaign, shall be resolved individually, without resort to any form of class action, exclusively before a court located in Ontario having jurisdiction. Further, in any such dispute, under no circumstances shall participant be permitted to obtain awards for, and hereby waives all rights to, punitive, incidental, or consequential damages, including reasonable attorney’s fees, other than participant’s actual out-of-pocket expenses (i.e. costs associated with entering this Campaign). Participant further waives all rights to have damages multiplied or increased.

Privacy Policy: Information submitted with an entry is subject to the Privacy Policy stated on the Modern Family Realtor’s website.

Sponsor: The Sponsor of the Campaign isModern Family Realtor, 315 Castlefield Ave, Toronto, ON, Canada, M5N 1L4.

Facebook, Twitter, Instagram and LinkedIn: If you use Facebook, Twitter, Instagram and LinkedIn to communicate or administer a contest or sweepstakes, include the following: The Campaign hosted by Modern Family Realtor is in no way sponsored, endorsed, administered by, or associated with Facebook, Twitter, Instagram and LinkedIn.


___ By checking here, You, the Contestant, have affirmatively
reviewed, accepted, and agreed to all of the Official Rules.

Skill Testing Question – Winners must complete to claim prize.

315 + 99 – 9 = ________

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What Toronto’s Tallest Penthouse Condo Looks Like

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Posted by Derek Flack

The soaring Aura condo tower at Yonge and Gerrard – Canada’s tallest – is a place of extremes. While the mall at the base of the building is already half abandoned, the penthouse units at the top of the building, sitting some 80 storeys high, are the very definition of prestige and luxury.

There are three penthouse units at the top of Aura, and though none of them will compete for the most expensive in the city – that distinction goes to the Four Seasons in Yorkville – the largest of the condos (#7910) runs at over $3 million for roughly 3,000 square feet of space.

Photos by Matt Forsythe.

Toronto Real Estate Heading for Another Hot Year

803735609_7327665447160937715(Article via Trevor Dunn for CBC News “http://www.cbc.ca/beta/news/canada/toronto/toronto-real-estate-prices-1.3959671”)

The Toronto Real Estate Board (TREB) forecasts that Toronto real estate will get a lot more expensive in 2017, with the average price of a home hitting $825,000.

TREB is predicting another year of double digit growth in Toronto real estate prices, with the average selling price rising between 10% and 16%.

More than 100,000 home sales are forecast with the third straight year.

To read more, click here.
 

Looking to Buy or Sell a Home in 2017?

Book a free consult with Modern Family Realtor and receive a free $25 Tim’s card. Looking to buy a home in 2017? Read below to see what industry experts are predicting for Toronto.

(Article via Tess Kalinowski, thestar.com)
zu-emj22x0o-nadine-shaabanaInterest rates

The inching up of interest rates and more stringent mortgage rules are among the factors that could play a role in tempering sales in the hot Toronto region market, says Jason Mercer, director of market analysis for the Toronto Real Estate Board (TREB).

Those influences could be enough for some households to put a home purchase on hold. But Mercer says most consumers will look for other choices in order to pursue their home ownership dreams.

“If you were thinking of buying a single detached home in Toronto, maybe now you’re looking at purchasing in one of the surrounding regions or you’re going to change both your home type and the geography you’re looking for,” he said.

The Trump effect

Bond yields have already risen, leading to those marginally higher mortgage rates.

But whether the inauguration of Donald Trump will ripple into the housing market is all part and parcel of the global economy, said Mercer.

“Obviously any factor that could affect the economy from a positive or negative perspective has to be taken into account,” he said.

Tim Hudak, CEO of the Ontario Real Estate Association (OREA), which represents 40 real estate boards across the province, is optimistic.

“There certainly seems to be a view that the American economy will grow faster now,” he said.

But that puts pressure on U.S. interest rates, which will force a decision around our own interest rates or letting our currency drop.

“Particularly in the GTA, real estate is a great investment. As the expression goes, we’re not making any more of it,” said Hudak.

To read more about supply and demand, condos, competition for homes, and first time buyers, click here for the full article.

MFR December Newsletter – $2,500 to 50+ local Charities!

unnamedModern Family Realtor is proud and privileged to announce that we donated $2,500 to over 50 local charities!  We would like to thank all of the charities, volunteers and clients who participated in this year’s Modern Family Realtor Charity Gives Back Campaign!

If you’re planning on selling your home, it’s important to be aware of some common mistakes that sellers often fall victim to.  This month’s feature article discusses what not to do when selling your home.

There’s also some advice on how to spot online scams that are so popular during the holiday season as well as a few tips on how to avoid the flu.

Thanks so much for checking out this month’s newsletter.  Please get in touch if you ever have any questions or comments.  In the meantime, here’s wishing you all the best during the holiday season!

Paul Chan


A special acknowledgement to Save Me Rescue who generated the most votes.  Here are the top 5 charities that you voted for.

1. Save Me Rescue
2. Speaking of Dogs
3. TLC Animal Aid
4. Lotsadogs Rescue
5. Make a Wish


 

The Toronto Real Estate Market Report

Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 8,547 home sales through TREB’s MLS® System in November 2016.  This result represented a 16.5 per cent increase compared to November 2015.

For the TREB market area as a whole, sales were up on a year-over-year basis for all major home types.  The strongest annual rates of sales growth were experienced for the townhouse and condominium apartment segments.

“Home buying activity remained strong across all market segments in November.  However, many would-be home buyers continued to be frustrated by the lack of listings, as annual sales growth once again outstripped growth in new listings.  Seller’s market conditions translated into robust rates of price growth,” said Mr. Cerqua.

The MLS® Home Price Index (HPI) Composite Benchmark was up by 20.3 per cent compared to November 2015.  The average selling price at $776,684 was up by 22.7 per cent on a year-over-year basis.

“Recent policy initiatives seeking to address strong home price growth have focused on demand.  Going forward, more emphasis needs to be placed on solutions to alleviate the lack of inventory for all home types, especially in the low-rise market segments,” said Jason Mercer, TREB’s Director of Market Analysis.


Skate by the Lake this New Years Eve! 

The Harbourfront Centre’s family-friendly New Year’s Eve Skating Party is a great place to ring in 2017!

New Year’s Eve on the Natrel Rink will be a musical cornucopia of skate friendly tunes served by DJ P-Plus including R&B, old school hip hop, soul, top 40 and much more!

Details are still being announced but Nathan Philip’s Square is another fun place to head to as there will be skating and then later on live entertainment on the main stage.  The entertainment will likely then be followed by a dazzling fireworks display.

Whatever you decide to do this New Year’s Eve, here’s wishing you a very happy and healthy 2017!


Sellers Behaving Badly

There are various emotional side effects to selling your home.

Mistakes mean your home will sit on the market longer and eventually sell for less.  Try and get it right the first time by avoiding the following:

  1. Overpricing – Home sellers are often tempted to price their home way above market value but this tactic usually backfires.  The longer a home sits on the market, the more of a stigma it’ll develop.
  2. Restricted Access – It’s easy for buyers to skip your home if it’s not easily accessible.  The goal is to show your home to as many people as possible so using a lockbox is key, pardon the pun 🙂
  3. Hanging Around – Owners should always leave before a showing so buyers can browse without distractions.  If a buyer can make themselves feel at home, they’ll be better able to envision themselves living there.
  4. Poor Staging – You may love the statement your pink bathroom makes but odds are others won’t so consider a more neutral shade.  Also, make sure to get rid of excess clutter and take care of any outstanding repairs to portray pride of ownership.
  5. Going It Alone – Selling your home can be an overwhelming experience.  A real estate agent’s job is not only to expose your home to the masses but also to act as a 3rd party negotiator to help you get the highest price in the shortest amount of time.

Your home is most likely your biggest asset so when you decide to sell, it’s important that you do it right. Viewing the sale of your home as a business transaction and putting aside any emotional ties you may have is a great start to ensuring you sell your home quickly, easily and for top dollar!


Shopping Scams are Coming To Town

Make sure to be on high alert for online scams this holiday season.

It’s convenient to shop online from the comfort of your home during this busy time of year but the hectic holiday season is also a popular time for cybercriminals.  Here are a few scams to be aware of:

  1. Delivery Details – Be wary of emails claiming “you have a parcel delivery but your address needs to be verified” as it’s likely a scam.
  2. The Hot Ticket – Desperate shoppers eager to score hot holiday gifts are easy prey for cybercrooks who set up legitimate looking websites that show the popular item in stock.
  3. Fake Shopping Apps – Fake retail and product apps designed to steal your personal or financial details are increasingly common and hard to recognize as they closely resemble popular brands.
  4. Holiday eCards – Don’t open eCards if you’re not sure who they’re from.  Instead of a warm holiday greeting, it could be a cyber scammer whose gift comes in the form of a virus or spyware.

Unfortunately, there are many people out there who aren’t thinking about holiday cheer and goodwill to all.  Keep yourself safe by updating your antivirus software, visit only trusted, secure sites and never open messages from people you don’t know.


Forgotten Flu Spots

Your home could be a breeding ground for the flu.

It’s no fun having the flu, especially during the holidays, so it’s important to clean shared spaces and frequently touched surfaces.  Here are a few spots to focus on:

  • smartphones & tablets
  • computer keyboard & mouse
  • light switches and remote controls
  • door knobs and handles on appliances and cupboards
  • car steering wheel, seat belts and shifter

Washing your hands with soap and water is the best way to fight germs but regularly sanitizing common germ infested hot spots is also key.  Remember to keep the hand sanitizer on hand (pardon the pun 🙂) and hopefully you’ll be able to avoid the flu this year!

 

Modern Family Realtor Goes Canada-Wide

MFR Real Estate Update – September 2016

Home Prices Continue to Surge on Weak Inventory

Toronto continues to grow even though the rest of Canada is experiencing some new challenges. The biggest change is the lack of inventory in the Toronto market.  We are 31.9% fewer listings when compared to a year ago which is pushing prices higher.  Vancouver is experiencing difficulties with the new 15% foreign tax which resulted in a large drop in volume of sales recently.  The Brexit vote looks like it will actually positively impact Toronto as foreign buyers in the U.K, Russia, China and India look for a safe place to invest in real estate in Canada with now Toronto being the most popular choice.  The Canadian economy on a whole is still under achieving which may also push interest rates lower or keep them stable for the long term which will help boost the residential market.   The average selling price was up to $709,825 up 16.6% year over year compared to July 2016.  All four major type of properties witnessed strong annual price gains as follows: (as per the Toronto Real Estate Board)

  1. Detached homes +21.1%
  2. Semi-detached homes +17.1%
  3. Townhomes +13.9%
  4. Condos +9.2%

If you are thinking of buying, selling or investing please contact me for a free consultation and receive a $25 Tim’s Card courtesy of Modern Family Realtor.

Modern Family Realtor Goes Canada Wide in “In Magazine”

Modern Family Realtor is growing and we want to make an impact not only in Toronto but across our great nation. The tremendous support we have got from Canadians is incredible.  This concept would not work in any other country in the world.  Canadians are multicultural, diverse and accepting people and are clientele reflect that.  We support the LGBTQ community but are allies are the ones who keep us growing so fast! Check out our new advertisement in the September/October issue of In Magazine in new stands across Canada.

Modern Family Realtor Gives Back Campaign Update

We are excited to announce the 3 winners of the Modern Family Realtor Contest.  First place Patricia Monteiro, second place Shane Das and third place Elsie Yeung taking home over $1,500 in prizes.  Thank you to the over 75 entrants and for sharing the love for Modern Family Realtor!  As announced in our Facebook Live video we will be continuing the Give Back Campaign with our Charity Donation and Leadership Scholarship initiatives coming up in the next few months. Stay tuned for more details!

As your real estate sales representative and former accountant I can assist you with any of your financial and real estate questions including creating a budget, RRSP Home Buyer’s Plan, Listing presentation, CMA, Buyer/Listing presentation and Income Taxes. Please contact me at 416-705-2444 to book a free consultation or visit our website for more information and listings at www.modernfamilyrealtor.ca.

From Your Modern Family Realtor Team – Paul, Ewan and Jasmine

Real Estate Board Predicts ‘Policy Ceiling’ Will Curb Toronto Homes Prices

The Globe and Mail