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 = ________

MFR Charity Gives Back Campaign

MFR Real Estate Update – November 2016

Hot Toronto Market Continues Into The Fall Season

The Toronto Real Estate Board (TREB) reported 9,902 sales in September with a large increase of 21.5% in resale transactions. The average selling price was up to $755,755 up 20.4% year over year compared to September 2015.  All four major type of properties witnessed strong annual volume and price gains as follows: (as per the Toronto Real Estate Board)

  1. Detached homes +22.1% Volume Gain +23.6% Price Gain
  2. Semi-detached homes +10.6% Volume Gain +18.8% Price Gain
  3. Townhomes +19.7% Volume Gain +21.8% Price Gain
  4. Condos +26.7% Volume Gain +9.3% Price Gain

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 Charity Gives Back Campaign

“We are privileged and honoured to be able to support our local community through our charity gives back campaign this Fall.” Paul Chan Founder of Modern Family Realtor.

Modern Family Realtor hits a milestone $13 million in sales! To celebrate we are donating thousands of dollars on behalf of all our followers as part of our Modern Family Charity Gives Back Campaign. Click the link below and we will donate $20 on your behalf to your favourite charity! Please share with friends and family so we can donate more to these great causes!!  #MFRealtor #GivesBackCampaign

http://www.modernfamilyrealtor.ca/charity-giveaway

Our Personal Journey with the 519 Community Centre in Toronto

The 519 is a special organization in our hearts that brought our family together.  They helped us out 15 years ago when I met Ewan and they assisted me in sponsoring him to become Canadian.  Then 11 years later through the Dada’s and Papa’s class the 519 provided us with the resources for us to bring our beautiful daughter Jasmine into our lives.

New Land Transfer Tax Rebate and Update on Mortgage Rates

We have some good news and bad news for first time home buyers.  On the positive note the provincial government has increased the land transfer tax rebate to first time home buyers to $4,000.  This will be implemented on January 1, 2017 and will help significantly for your closing costs.
On the negative side with bond yields going up after Donald Trump was elected President, mortgage rates are now on the rise.  Major banks like RBC and TD have already raised interest rates on their fixed term rates. Please contact one of our mortgage advisors to lock in rates before they go up higher!

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

MFR Gives Back with $5K Leadership Scholarship

MFR Real Estate Update – October 2016

Record Sales in Toronto and the GTA

The Toronto Real Estate Board (TREB) reported record sales in August with a huge increase of 23.5% in resale transactions.  In 2015 we had 7,943 units sold with a large jump to 9,813 sold in 2016.  Note that we did have an extra 2 working days in 2016 but still this shows that the Toronto market is still sizzling hot!

The average selling price was up to $710,410 up 17.7% year over year compared to August 2015.  All four major type of properties witnessed strong annual volume and price gains as follows: (as per the Toronto Real Estate Board)

  1. Detached homes +22.1% Volume Gain +21.5% Price Gain
  2. Semi-detached homes +8.6% Volume Gain +17.6% Price Gain
  3. Townhomes +22.8% Volume Gain +17.7% Price Gain
  4. Condos +32% Volume Gain +9.8% Price Gain

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 Partners with Out on Bay Street for Student Leadership Scholarship Worth $5,000

“We are proud and privileged to invest in the next generation of student LGBTQ leaders in Canada.” Paul Chan Founder of Modern Family Realtor.  Congratulations to our winner Haim Abraham who is a Doctoral of Juridical Science Candidate at the University of Toronto Faculty of Law and a LGBTQ+ activist. In his doctoral dissertation, Haim argues that states engage in combat have moral and legal obligations to pay compensation for civilians who suffered losses during the conduct of the war.  The second winner is Elliot Fonarev who is a third year law student at U of T.  He studied philosophy and political science at Western University.  Elliot will be articling with Iler Campbell, working in progressive law with grassroots organizations.

New Federal Mortgage Rules Impacting First Time Buyers

My clients are asking if these new rules will affect them as a potential home buyer?  The answer is MAYBE it could have some impact on some buyers especially first time buyers and insured buyers.  What will be the impact? These federal rules could limit or cut into the purchasing power of how much you could afford in the housing market.  For example, before the rules you may have been pre-approved by your local bank for a $500,000 mortgage. Now with the new rules you can only get a $400,000 mortgage due to the stress test they implemented.  With the rising cost of real estate in Toronto and the GTA this could make it more difficult for some people to afford the condo or house they really wanted.  You may now have to settle for something smaller or wait on the sidelines until you can save for a larger downpayment.  Please contact me today to get a better understanding of your own personal situation and if these rules will impact you.

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

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

Brexit Vote Could Heat Up Canadian Real Estate Market

(Article via http://www.theglobeandmail.com/real-estate/vancouver/brexit-vote-could-heat-up-canadian-real-estate-market/article30745801/)

803735609_7327665447160937715Realtors in Toronto and Vancouver are pitching Canadian cities as relatively safe property havens now that London, for years one of the world’s leading targets of foreign capital, suddenly looks a lot riskier. Blame it on Brexit.

“Brexit’s good for us, not for them,” said Anita Springate-Renaud, owner of Engel & Volkers’ brokerage in Toronto, who expects to field calls from clients seeking to redirect their investments. “We are a safe bet.”

If Ms. Springate-Renaud is right, there may be heightened demand from moneyed clients for homes and condos as well as office towers in two of Canada’s hottest real estate markets, which already have seen prices soar from an influx of foreign money. There’s a record $443-billion (U.S.) in global capital allocated to commercial property that wealthy investors haven’t deployed, according to figures from Cushman & Wakefield Inc.

Within hours of the stunning Brexit outcome, Brian Kriter, an executive managing director of valuation and advisory at Cushman & Wakefield, was on a 6:30 a.m. call from his home in Toronto to discuss the potential ramifications of the referendum with colleagues in London and New York.

In the days since, Mr. Kriter has met with one Asian commercial real estate lender who decided to freeze plans for a multimillion-dollar financing deal in London and is considering channelling that money to North America instead. Cushman & Wakefield is organizing a client day in July, potentially in New York, to discuss the early implications of Brexit’s fallout.

“You have this phenomenal amount of capital that’s looking to be placed in commercial real estate, and it’s very fluid,” Mr. Kriter said. “Foreign investors view Canada as an island of certainty.”

In the past decade, central London saw the biggest increase in residential property prices of any major city as the favoured destination for global capital seeking a stable sanctuary. Nearly three out of every four newly built homes in 2013 were bought by foreign buyers, half of them from Asia, according to Knight Frank LLP. Similarly on the commercial side, 70 per cent of central London purchases were by foreigners in 2015.

Britain’s decision to leave the European Union may not necessarily change that overnight. The pound’s record plunge could attract buyers seeking a bargain, said Brad Henderson, chief executive officer of Sotheby’s International Realty in Canada. The vote may ironically bring more predictability to Britain, but export uncertainty to the rest of Europe, Mr. Kriter said.

But with China among Asia’s most vulnerable economies to Brexit risk, there could be an even greater appetite from mainland buyers for North American assets, such as Anbang Insurance Group Co., which has snapped up multimillion-dollar assets in New York, Toronto and Vancouver.

A record $18.3-billion flowed out of China globally in 2014 and nearly half of that went to just three markets: London, Manhattan and Sydney, according to a March report from Colliers International Group Inc., the Toronto-based real estate firm. That flow has since diversified to other markets with Canada increasingly a beneficiary.

In the six months to February, foreign investment into Canadian commercial real estate surged to $1.4-billion, more than double a year earlier, the brokerage said in a separate March report. Of that, 42 per cent came from China, compared with just 5 per cent in the previous period.

Royal LePage is advising clients that Brexit is likely to cause the Bank of Canada to hold interest rates lower for longer, which will stoke demand in the residential market, said Adil Dinani, a Vancouver agent for the unit of Brookfield Real Estate Services Inc.

Any additional trickle of demand into Vancouver and Toronto could prove a headache for Canadian policy makers seeking to damp record high home prices. In recent weeks, the International Monetary Fund, Organization of Economic Co-operation and Development and Bank of Canada have all flagged the increasing risk of a potential correction.

“It’s something we’re going to have to talk about because there are concerns about overheating,” Royal LePage’s Mr. Dinani said. “We’ll likely see more capital inflows into these cities, so what is that going to look like? Are there going to be policy tools put in place to protect the market from further increases?”

In Vancouver, the price of a detached home rose 37 per cent in the past year to $1.5-million (Canadian). In Toronto, the average price of a detached property rose 19 per cent.

“We’re in early days – it’s hard to sift through how the variables are going to play out,” Sotheby’s Mr. Henderson said. “But capital will look for more attractive, stable markets. And Canada is still very much a bargain.”

Condo Market Joins in Toronto’s Real Estate Boom

The Globe and Mail

The bidding melees that have flummoxed Toronto house hunters for years are erupting with increasing frequency in the condo market.

A one-bedroom-plus-den near Trinity Bellwoods Park on Queen Street West recently landed on the market with an asking price of $499,000. Robin Pope, of Pope Real Estate Ltd., took a pair of buyers to see the unit and told them it was under-priced, based on recent sales in the building. He estimated a more realistic selling price was around the $565,000 to $570,000 level.

The unit drew 13 offers and sold for $585,000.

“There really isn’t very much inventory,” he says, when it comes to desirable units in good locations. There are huge numbers of condos in Toronto but buyers who want to live in them for a few years are choosy about the location and the size. Two-bedroom units are particularly hot.

The Queen West condo is in a sought-after neighbourhood and that’s likely why it attracted so much attention, he says, pointing out that there are only three other buildings nearby. Other areas in the core are much more saturated.

Mr. Pope specializes in Corktown, and in that popular neighbourhood, he says, contests are not limited to units for sale. Renters are also offering to outbid their rivals.

According to tallies recently reported by the market-research firm Urbanation, sales of new condo units surged 32 per cent in the first quarter of 2016 in the Greater Toronto Area compared with the same period last year. The 2016 tally came close to the first-quarter record set in 2012. Unsold inventory in new developments, meanwhile, shrank by 16 per cent in the first three months of the year compared with the same period last year.

Urbanation says the selling price for new units edged up 3 per cent to $582 a square foot in the first quarter compared with the same quarter in 2015. In the resale market, meanwhile, condo unit prices jumped 8 per cent to $467 in the three months to March 30th compared with the same period last year.

Shaun Hildebrand, Urbanation’s senior vice-president, says much of the swelling demand for condos comes from buyers priced out of the single-family home market.

He explains that new condo prices have been held back by a shift in development from the GTA core toward more new projects in the 905 area code.

Sales of new condos in the 905 more than doubled in the first quarter from the same period in 2015, he says.

Mr. Pope says buyers looking for a single-family house are battle-hardened because competition has been the norm for so long. To help his clients buy a small house on a 50-foot lot near Danforth and Greenwood Avenues, he had to not only keep increasing the couple’s offer but also try to outmaneuvre a rival agent.

The house, with an asking price of $749,000, was located on a dead-end street with a dog-friendly park nearby. His clients, who have two young children and a dog, loved the location.

Offers were set for a week or so later at 7 p.m. and Mr. Pope advised the clients to launch a bid of $911,000 as their opening salvo. He estimates there were seven or more competing parties in the fray.

“There were a lot of cars parked on the street.”

The listing agent went through the offers with the sellers and then told Mr. Pope and two other agents that they were the top three. Could they improve their offers?

Mr. Pope went back and told his clients they would have to pay more if they had their hearts set on that house. They decided on $955,000.

Mr. Pope submitted the offer and there was some more waiting around. Then the listing agent called him and told him “your offer is about to expire”. He had made it irrevocable until 10 p.m.

With each subsequent bid, the offer price changed but the other details did not. The agent asked for more time so that she could read through the offers still on the table with the sellers.

Mr. Pope thought it was odd that they hadn’t done so in the three previous hours but he told his clients this was a new opportunity. The bids must be close, he figured, or the sellers wouldn’t be wasting time poring over the details.

“This is a gift,” he said. “Pay $10,000 more.”

When Mr. Pope handed over a revised offer with an extension of the time the offer was irrevocable, he also increased the bid.

As he returned to the car, a competing agent waiting nearby asked if he had changed his offer. He told her he had changed the irrevocable without mentioning the change in price. After all, they were in competition and he was under no obligation to tip his hand, he explains.

He got back in the car with the clients and told them they were going to drive away.

“I wanted her to think that we had gone home and we were giving up. There was no need for her to hang around any longer.”

He pulled around the corner, parked the car, and he and the clients ducked down as they waited for the other agent to pass, he recalls with a laugh.

Mr. Pope’s clients got the house for $965,000. And all it took was a little subterfuge – in addition to the highest offer.

Removing all the conditions from a bid, launching a bully offer and attaching a heartfelt note are timeworn tactics now. Buyers are using any means to gain an edge.

Mr. Pope says the clients are ecstatic. Like so many house hunters at this time of year, they were exhausted by the race. The mom was a more seasoned real estate buyer but it was a first-time purchase for the dad.

“He was so happy to get the house. He was so happy not to be part of that zoo any more.”

MFR Real Estate Update – May 2016

unnamedBe a part of Modern Family Real Estate – the team that treats clients like family!

Take Advantage of this Hot Spring Market by Listing Today 

In April, housing prices increased 16.2% year over year according to the Toronto Real Estate Board. There are a number of factors impacting this hot Toronto real estate market that could sustain this momentum even further in 2016.  This includes but not limited to low inventory of listings especially for semi-detached and detached homes, ultra low interest rates, foreign investment, low Canadian dollar and high demand from buyers. If you are looking to sell now is typically the best time of the year due the high volume of buyers in the marketplace creating multiple bidding wars.  For example, we listed a property and it sold in one day 111% of listing price. Are you looking to upgrade or downsize your home?  Book a free consult to see how much your home is worth today!

Modern Family Team and Office
We are currently interviewing for the Marketing Manager and Summer intern position at our new office at 1999A Yonge Street.  There is still time to apply if you know anyone who may be interested. Please email me directly for more information.

Tips on Listing your Home
Listing your home is never an easy task.  At Modern Family Realtor we assist you with each step and guide you throughout this lengthy process.  This starts with setting up a listing plan and strategy, getting your HD pictures and videos ready, home staging/inspection and so much more.  Start early by setting up a free consultation.

How Sellers can Prepare?

1.  Start Spring Cleaning and Stage your Home

  • Decluttering is probably the hardest and longest chore to complete when preparing to list your home but very critical.  After that we can assist you with staging your home to make it more attractive to the widest audience.  We then will get professionals to come in to take HD pictures and a virtual tour for your MLS listing and brochure.

2.  Setup a Plan

  • Next we will prepare a strategy on the best time to sell, marketing and pricing. Timing is key and typically the Spring market is the best time for sellers due to the high volume of buyers.  We also have a detailed listing presentation to walk you through this complicated process.

3.   Multiple Offers

  • As your real estate sales representative it is our goal to get you the highest price for your home. Sometimes this includes trying to setup a multiple offer situation. We then will present you with a few different offers in hoping to get into a bidding war and more money in your pocket!

If you are thinking about listing contact me as soon as possible to setup a customized plan.  It is always better to be prepared even if you aren’t thinking about listing for a few months or even a year.

Modern Family Realtor Charities

  • After each sale Modern Family Realtor will donate to a local dog rescue or LGBT charity.  If you have any charities you would like to add to our list please let us know!

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