From the Mak Family…
Last week, we explored the Art Gallery of Ontario in Toronto!
We enjoyed a range of exhibits, from older, European sculptures and paintings to modern art and interactive installations.
Then we wandered along Dundas to get yummy noodles for lunch and dessert from a local bakery.
The thing is, my wife graduated from Fashion Design while I graduated from Engineering. So I’ll let you guess who picked this trip over go-karts or mini-golf. 🙂
Anyway, we’re always excited for new family adventures.
If you have any great suggestions, let us know!
The BEST Phone Deals Right Now
When my son, NTM, started biking 20 minutes to school, we thought it was time to get him his own phone.
It’s a tough decision nowadays, since we don’t really want him to have too much screen time, but we still want him to contact us in case of emergencies.
I recommend the plan we got at Freedom Mobile. With one of our old phones and $99 / year, he was able to get unlimited talk and text. The important part was no data! 🙂
I think the plan has changed a bit now, but there’s a new $5 per month plan which is a no-brainer if you want your kid to have a phone or just want to have a second line.
This leads me to the amazing phone deal I got with Rogers.
It was a $650 dual-sim phone and $200+ in free accessories for an extra $10 / month. I no longer need to carry around two phones and even got a free sharing SIM to convert my old phone to a GPS!
Anyway, if you want to connect to my cell-phone guy for unadvertised deals at Rogers, let me know!
The Summer is Surprisingly Slow!
In May 2024, the average homeIn July 2024, the average home sold for $1,106,617. This is down 4.78% from last month and down -1.1% from last year. There were 5,391 sales in July which is 3.28% higher than in 2023.
After the second rate-drop in July, everyone expected a lot more activity and it still hasn’t come!
It seems that Sellers aren’t as desperate as many Buyers think.
So it’s just a waiting game for everyone.
Based on the experts, September should see a cut in the US interest rate and the Bank of Canada is expected to bring the interest rate down to 4% by the end of the year.
If you’re a Buyer…
It’s time to go shopping! There are STILL LOTS of homes available!
For example, Condos in Toronto C01 & C08 (Aug 1 to 15):
2023: 195 condos sold for $800,592 in 23 days
2024: 144 condos sold for $698,544 in 36 days
Downtown condos in particular are a really great buy!
If you’re interested in Unionville, I have an opportunity for a 1 + den condo. It will likely sell for much lower than $600k, which is about $100k less than the estimated value. Estimated rent is about $2,400 / month. If you’re a buyer that can move quickly, reach out and let’s have a chat.
There are lots of opportunities for buyers right now who are ready with their finances and wish-lists!
If you’re a Seller…
Don’t sell your investment property if you don’t have to.
However, if you’re upgrading or down-sizing, it’s not a bad time. You won’t make as much selling your house, but you’ll have more selection and better pricing for your next home.
If you’re a discriminating buyer, now is your time!
Is it the right time to buy or sell?
Call me at (416) 276-4895 and let’s have a chat!
ALMOST READY TO RETIRE
Congrats to G & J who bought this stunning 2 + den near Yonge and York Mills.
After a year of searching and patiently waiting, you finally bought the perfect condo in the community where you eventually want to retire.
In the meantime, we’ll find amazing tenants to love the home until you’re ready for the next step in your life.
Wondering about your next step?
Call me at (416) 276-4895 and let’s have a chat.
RENTED WITH MULTIPLES OFFERS
Congrats to JH for trusting us again with your investment property.
In 8 days, we received multiple offers and secured amazing new tenants.
They paid $200 over asking and even prepaid for the whole year!
Need help with your investment property?
Call me at (416) 276-4895 and let’s have a chat.
MOVED OUT AND GAVE ME THE KEY
When B & J were ready to retire to another province, they just gave us the key for a month and we handled the rest.
We staged, cleaned and marketed the property. The home sold for $233,333 over asking and they didn’t even need to be in Ontario!
Thanks so much for trusting us with your home. We wish you well on the next step in your life.
Call me at (416) 276-4895 and let’s have a chat.
