SUTHERLAND REALTY

GTA REALTORS® Report Mid-Month Resale Housing Market Figures

2012-01-20T15:30:00.000-08:00

TORONTO, January 17, 2012 – Greater Toronto REALTORS® reported 1,506 sales through the TorontoMLS® system during the first two weeks of January 2012. This result represented a six per cent increase compared to the first 14 days of January 2011. New listings were also up on a year-over-year basis, but by a lesser 3.7 per cent.

“The market didn’t miss a beat after the holiday season, with robust sales growth continuing and sellers’ market conditions remaining in place. Strong competition between buyers continued to push the average selling price higher in the Greater Toronto Area relative to a year ago,” said Toronto Real Estate Board (TREB) President Richard Silver.

The average selling price during the first two weeks of 2012 was $444,473 – up by more than 8.5 per cent compared to the same period in 2011.

“Prices were up for most major home categories in the GTA in comparison to last year. The strongest price growth was for single-detached homes in the City of Toronto. The average price of singles in the 416 area code was up by 22 per cent year-over-year, pointing to a greater weighting of higher end detached homes changing hands compared to the same time last year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

CALL 416-837-9035 for a FREE MARKET ANALYSIS of your home today!

"Going The Extra Mile For My Clients!"

Garett

Garett D. Sutherland B.A. REALTOR

HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garettsutherland@hotmail.com
Real Estate Blog: http://stylishgtacondo.blogspot.com/
Investment Blog: http://sutherlandinvestments.blogspot.com

Second-Best Year on Record for Sales

2012-01-11T10:16:00.000-08:00

Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four
per cent in comparison to 2010.

“Low borrowing costs kept Buyers confident in their ability to comfortably cover their mortgage payments along with other major housing costs,” said TREB President Richard Silver. “If Buyers had not been constrained by a shortage of listings over the past 12 months, we would have been flirting with a new sales record in the Greater Toronto Area,” added Silver.

The average selling price in December was $451,436 – up four per cent compared to December 2010. For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.

“Months of inventory remained below the pre-recession norm in 2011. Very tight market conditions meant substantial competition between Buyers and strong upward pressure on selling prices,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook continued Mercer.

"Going The Extra Mile For My Clients"

Garett

Garett D. Sutherland B.A. REALTOR

HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garettsutherland@hotmail.com

STYLISH AND CHIC NEW CONDO APPARTMENT LISTING DOWNTOWN MISSISSAUGA!

2011-11-18T14:21:00.001-08:00

Please take a look at the Virtual Tour and additional photos for this home: http://rstours.ca/multimedia/mm_310burnhamthorpe2914-1111/ss_ub.html

MLS #: W2241898

Simply stunning, stylish & chic 2 bedroom, 2 bathroom plus den condo apartment on 29th floor of Tridels Grand Ovation high rise! Shows classy top to bottom! Painted in designer colours, upgraded 9' 8" ceilings 7" crown mouldings & matching large baseboard trim! Spectacular western sunset views of downtown Mississauga!

Tasteful decor & fantastic space at 897 sq. ft., smooth ceilings throughout. Granite countertops contemporary cabinetry & hardware in modern kitchen.

This home shows A+++ and stands head & shoulders above the competition! Includes upgraded black fridge, upgraded smooth-top stove, washer, dryer, built-in dishwasher, all upgraded electric light fixtures, all window coverings.

Save money by purchasing this home direct through the listing agent! Call 416-837-9035 for more details!

Call 416-837-9035 for a private showing of this spectacular home today!

"Going The Extra Mile For My Clients!"

Garett

TASTEFUL AND ELEGANT NEW LISTING! 605 SHORELINE DRIVE UNIT 10!

2011-11-15T15:27:00.001-08:00

Brand new on the market & ready to move in!!! MLS # W2239829

Please take a look at the virtual tour here: http://rstours.ca/multimedia/mm_605shoreline10-1111/ss_ub.html

Simply stunning stacked townhome located in the heart of Cooksville! Close to all amenities with schools, parks, daycare, supermarkets, rec. centre & more all within walking distance! Elegant and well laid out 2 bedroom, 1 washroom single level home has modern kitchen with stainless steel appliances & track lighting. Crown moulding in living room, dining room & hallways. Tastefully painted in designer colours. Laminate flooiring in living room and dining room. Move-in condition! Must be seen!

Purchase includes stainless steel fridge, stainless steel stove, stainless steel built-in dishwasher, stainless steel built-in microwave, all electric light fixtures and all window coverings.

This home shows fantastic and stands head and shoulders above other listings on the market in the same price range! Reduced commission offered if purchased direct through listing agent.

Please call 416-837-9035 for your personal and private tour of this beautiful property today!

"Going the extra mile for my clients!"

Garett

For additional photos please check http://www.realtor.ca/ and enter MLS# W2239829

JUST LISTED, JUST SOLD CONDITIONAL!!! 7360 ZINNIA PLACE #213!!!

2011-11-15T14:34:00.001-08:00

This beautiful listing of mine is sold conditional in 1 week with multiple offers on it!

Please take a look at the virtual tour here: http://rstours.ca/multimedia/mm_7360zinnia213-1111/ss_ub.html

Absolutely gorgeous home in spotless well kept condition. 3 bedroom, 3 washroom end unit, in a quiet family oriented complex. Freshly painted with stainless steel appliances and corrian countertops in kitchen. Updated granite countertops in master bedroom & updated light fixtures in kitchen, living & dining room. New front loading washer & dryer. Custom roman shades in kitchen. Bright & spacious living room. Must be seen as it shows amazing!

Includes stainless steel fridge, stainless steel stove, stainless steel built-in dishwasher, brand new Samsung washer, & dryer, all electric light fixtures and garage door opener & remotes. Main floor laundry.

This is a fantastic home in pristine condition. Perfect for a new family.

I have qualified buyers looking for another! Please contact 416-837-9035 and let's make a deal!

"Going The Extra Mile For My Clients!"

Garett

MORE SATISFIED CLIENTS RESULTS IN TOP 10 FINISH FOR SEPTEMBER!

2011-10-20T14:33:00.000-07:00

Another strong month of sales with another group of excellent clients has resulted in receiving a Top 10 salesman status for Garett D. Sutherland.

This Top 10 ranking is based on agents accumulating the highest gross commission sales results for firm transactions within the month of September.

In an office containing 133 sales representatives this achievement is very significant in reflecting the outstanding service, professionalism and results offered by Garett to every client in every situation.

Call 416-837-9035 to discuss how Garett can help you achieve your Real Estate goals today!

"Going The Extra Mile For My Clients!"

Garett

STRONG FINISH TO 3RD QUARTER REAL ESTATE SALES!

2011-10-06T07:08:00.000-07:00

October 5, 2011 -- Greater Toronto REALTORS® reported 7,658 transactions through the TorontoMLS® system in September – a 25 per cent increase over September 2010. Sales during the first three quarters of 2011 amounted to 70,588, representing a 2.6 per cent increase compared to the first nine months of 2010.

"We have experienced strong growth in sales so far this year, with a much more active summer compared to 2010. However, while sales have been strong, we have continued to experience a shortage of listings, resulting in more competition between home buyers," said Toronto Real Estate Board President Richard Silver.

"Over the past few months, the listing situation has started to improve, so we expect home buyers will have more homes to choose from in the months ahead." With annual growth in sales (+25 per cent) outstripping annual growth in new listings (+15 per cent) in September, market conditions became tighter and the average selling price continued to grow by close to 10 per cent on a year-over-year basis.

"Strong price growth through the first nine months of the year was mitigated to a great degree by low interest rates and rising incomes," said the Toronto Real Estate Board's Senior Manager of Market Analysis Jason Mercer. "As buyers continue to take advantage of the affordable home ownership options in the GTA, we remain on pace for the second best year for sales under the current TREB market area."

"Going the extra mile for my clients!"

Garett

Call 416-837-9035 For further information or to take advantage of this ideal market situation.

GTA REALTORS® Release Mid-Month Resale Housing Figures

2011-09-21T11:59:00.000-07:00

Toronto, September 16, 2011 – Greater Toronto REALTORS® reported 3,149 transactions during the first 14 days of September, representing an increase of more than 25 per cent in comparison to the first two weeks of September 2010. New listings over the same period, at 6,890, were up by 14 per cent compared to last year.

“Purchasing and paying for a home over the long term represents the single largest financial commitment most households will make over a lifetime. To make this commitment, households must be confident in their economic prospects,” said Toronto Real Estate Board President Richard Silver. “The fact that sales continued to grow through the first half of September suggests that GTA households remain confident that the economy will remain buoyant.”

The average selling price in the first half of September was $454,194 – an increase of 11 per cent compared to the same period in September 2010.

“Strong price growth in the GTA continues to be mitigated by a solid affordability picture. Mortgage rates will remain at or near current levels until the second half of 2012 if not into 2013,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.

“In response to strong price growth, more households chose to list their homes for sale in comparison to last August. Growth in listings is expected to continue. Increased choice will result in more sustainable rates of price growth,” continued Mercer.

It's a fantastic time to sell and with low interest rates still available, a great time to buy! Call 416-837-9035 for excellent financing options or to get a free market analysis of your home today!

"Going the extra mile for my clients!"

Garett

Direct Cell: 416-837-9035
Office Number: 905-949-0070

STUNNING CONDO IN HEART OF DOWNTOWN MISSISSAUGA!

2011-09-20T09:24:00.000-07:00

310 BURNHAMTHORPE ROAD WEST UNIT 1407

MLS# W2200883

Please Take A Look At The Virtual Tour Here: http://rstours.ca/multimedia/mm_310burnhamthorpe1407-0911/ss_ub.html

Absolutely gorgeous Tridel built condo in the heart of Mississauga. This beautiful 1 bedroom, 1 washroom plus den home is walking distance to Square-One, Go-Trains/Go-Bus, movie theatres, restaurants, nightlife, day care centres, Mississauga Central Library, high schools and elementary schools and has easy highway access. Tastefully painted in neutral colours, this home shows to perfection. Kitchen features black high-end appliances, granite counter-tops & track lighting. Must be seen.

The building features a swimming pool, sauna, gym, theatre, billiards & 24 hour concierge. Includes all window coverings, all electric light fixtures, fridge, stove, washer, dryer & B/I dishwasher.

Commission rates are reduced for buyers without real estate representatives.

For a personal and private tour of this outstanding property please call 416-837-9035.

"Going the extra mile for my clients!"

Garett D. Sutherland

FALL PROMOTION! GET MONEY FROM WORKING WITH GARETT!

2011-08-10T08:56:00.000-07:00

From August 10th to October 1st 2011 receive a cash back bonus from REALTOR commissions by purchasing your home with Garett D. Sutherland. Receive double the bonus from listing and purchasing with Garett!

CALL 416-837-9035 NOW FOR DETAILS!

Going The Extra Mile For My Clients!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email: garettsutherland@hotmail.com

July Sales and Averge Price Up Compared to 2010

2011-08-08T09:27:00.000-07:00

August 4, 2011 -- Greater Toronto REALTORS reported 7,922 transactions through the TorontoMLS® system in July 2011, representing a 23 per cent increase over July 2010. Total sales through the first seven months of this year amounted to 55,863 – down by 1.3 per cent compared to the same period in 2010. After adjusting for seasonal fluctuations, the July figure continued to point to an annual sales result close to 90,000 – in line with results from the previous six months.

"Strong home sales continued in July, with a substantial rebound over last summer's slow-down brought about by higher mortgage rates, new lending guidelines and misconceptions about the HST. The greatest rebound was seen in the condominium apartment segment in the City of Toronto," said Toronto Real Estate Board President Richard Silver. "If the current pace of sales holds up, we could see the second best year on record under the current TREB market area."

The average selling price in July was $459,122 – up by almost ten per cent compared to the July 2010 average of $418,675.

"Tight market conditions have boosted the annual rate of price growth this year. However, the listings situation is starting to improve. A better supplied market later this year and into 2012 would lead to a more sustainable rate of price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis.

"Going the extra mile for my clients!

CALL 416-837-9035 to learn about my services and benefits packages for all my clients!

ATTENTION INVESTORS AND RENOVATORS! 3537 GALLAGER DRIVE MISSISSAUGA

2011-07-26T18:00:00.000-07:00

MLS#: W2161608
Absolutely Perfect Opportunity To Buy Into A Fantastic Neighborhood! Renovator's Delight! Home Needs Lots Of Work, But Location Is Excellent. Steps Credit River, Parks, Trails, Elementary Schools, Catholic & Public. Walking Distance To French Immersion School & Close To U Of T Mississauga. Amazing Potential W. Other Reno's On The Same Street Selling For Top Dollar!

Flexible Closing Available. Includes: Fridge, Stove, Washer And Dryer In As Is Condition, All Electrical Light Fixtures, All Window Coverings & Air Conditioning Unit.

For A Private And Exclusive Showing Of This Home Please Call 416-837-9035 Direct.

Going The Extra Mile For My Clients!

Garett

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca
Real Estate Blog: http://stylishgtacondo.blogspot.com/

A Letter From Anthony D'Ambrosio Broker Of Record HomeLife/Response

2011-07-20T23:16:00.000-07:00

Dear Garett Sutherland:

Congratulations on your success making you one of the

TOP TEN AGENTS

OF

HOMELIFE/RESPONSE REALTY INC.

FOR THE MONTH OF

JUNE 2011

Success is never an accident. It is always the result of high intension, sincere efforts, intelligent direction, and skillful execution! Some people dream of success while others work hard to achieve it!

I wish you continued success and great selling for the rest of the year.

Successfully yours,

Tony D'Ambrosio
Broker Of Record

There are 132 agents in my office so this letter is quite significant. This is one of several of these letters of this type given to me, but I thought I would start to post them here on my blog.

"Going The Extra Mile For My Clients!"

Garett

Call 416-837-9035 for fantastic real estate benefits!

TorontoMLS® Sales and Average Price Up in June

2011-07-17T20:16:00.000-07:00

July 6, 2011 -- Greater Toronto REALTORS® reported 10,230 home sales through the TorontoMLS® system in June 2011 – up 21 per cent compared to June 2010. This number represented the third best June result on record behind 2007 and 2009. The number of transactions during the first six months of 2011 amounted to 48,189 – down by 4.5 per cent compared to the first half of 2010.

"The strong June result capped off an interesting first half of 2011," said Toronto Real Estate Board President Richard Silver. "The pace of sales was a bit sluggish at the beginning of the year, but rebounded in May and June. Because of the positive affordability picture, home buyers remained confident in their ability to purchase and pay for a home over the long term."

The average price for June transactions was $476,371 – a 9.5 per cent increase over June 2010. Through the first six months of the year, the average selling price was $467,169 – almost an eight per cent increase compared to the same period in 2010.

"While sales have been strong, we would be on track for a record number of transactions in 2011 if not for the decline in listings so far this year," said Jason Mercer, the Toronto Real Estate Board's Senior Manager of Market Analysis. "Tight supply meant more competition between home buyers and an accelerating annual rate of price growth in the second quarter."

"Home owners will likely react to the stronger price growth by listing their homes in greater numbers. A better supplied market would result in more moderate price increases," continued Mercer.

Median Price
In June, the median price was $405,000, from the $367,750 recorded during June of 2010.

Call 416-837-9035 to speak to me about how you can take advantage of market conditions and profit today!

JUST LISTED, JUST SOLD! 28 LATHBURY BRAMPTON!

2011-06-16T15:25:00.000-07:00

Please Check Out The Virtual Tour: http://rstours.ca/multimedia/mm_28lathbury-0511/ss_ub.html

I HAVE QUALIFIED BUYERS LOOKING FOR ANOTHER! CALL 416-837-9035 TODAY!

Absolutely Gorgeous Brand New Mattamy Built Home!Spotless And Ready To Move In Conditon!Located On A Private Quiet Street With Close Access To Mt.Pleasant Go Station.Bright,Spacious And Kept In Immaculate Condition!Gleaming Hardwood Floors In Great Room And 2nd Floor.Granite Countertops & Ceramic Tile In Kitchen And Breakfast Area.Large Windows In All Bedrooms And W/I Closet In Master. Lower Level Den Has A Walk Out.

This Home Features Top Of The Line Appliances & Upgraded Light Fixtures Through Out & Excellent Storage Space.Included: Fridge,Stove,Washer, Dryer And Built-In Dishwasher,All Window Coverings And Electric Light Fixtures.

JUST SOLD! I HAVE QUALIFIED BUYERS LOOKING FOR ANOTHER! Call 416-837-9035 today!

Greater Toronto Area Market Watch - May 2011

2011-06-08T16:19:00.000-07:00

Greater Toronto REALTORS® Report May Resale Housing Market Figures
TORONTO, June 3, 2011

Greater Toronto REALTORS® reported 10,046 sales in May 2011 – up six
per cent compared to May 2010. This result was the second best on record for May under the current Toronto Real Estate Board service area. The number of new listings in May, at 16,076, was down 15 per cent compared to last year.

“Positive economic news and low borrowing costs led to strong sales through the first five months of the year, including the increase in May,” said Toronto Real Estate Board President Bill Johnston. “At the same time, the market has become much tighter compared to last year, due to a substantial dip in new
listings.”

Homes were on the market for an average of 23 days and sold for an average price of $485,520– up nine per cent compared to $446,593 in May 2010. The strongest rate of price growth was experienced for single-detached homes sold in the City of Toronto.
“We have seen clear-cut seller’s market conditions emerge over the past two to three months,” explained Jason Mercer, TREB’s Senior Manager of Market Analysis. “The robust price appreciation that we have seen will hopefully prompt more households to list, resulting in a more balanced market later this year,” continued Mercer.

If you'd like a free market analysis of your home call me direct at 416-837-9035 today!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

FOR RENT! PRICE REDUCED TO $1,200 PER MONTH! FANTASTIC OPPORTUNITY!

2011-04-26T09:18:00.000-07:00

Absolutely spotless 2 bedroom home ready to move in immediately! 4 Piece washroom, large master & spacious 2nd bedroom for lease on upper level of well maintained home. Seperate front entrance, huge kitchen with laundry area (washer & dryer) with exclusive use. In perfect family friendly neighbourhood with close access to schools, Huron Park Community Centre, public transit, Mississauga Hospital, supermarkets, QEW & more. Must be seen! Will not last!

Tenant pays 50% of utilities. 1 Parking space included. 1 Year lease & tripple A tenants preferred. Vacant use of upstairs level in 5 level backsplit. Includes fridge, stove, washer & dryer & microwave. No pets allowed.

Call 416-837-9035 for a private and exclusive showing of this home today!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca
Each Office Is Independently Owned & Operated

PERFECT TOWNHOME FOR 1ST TIME BUYERS!!!

2011-04-23T10:41:00.000-07:00

MLS#: W2082300

Please check out the virtual tour: http://rstours.ca/multimedia/mm_4975southampton302-0411/ss_ub.html

Absolutely Fantastic Location! Perfect Starter For First Time Home Buyers! Spotless Condition Stacked Townhome Close To Schools, Parks, Public Transit, Supermarkets & Shopping Mall. Close To Access To Highway 403 & 401. Daniels Built, 3 Years New Home! Must Be Seen!

Includes: Fridge, Stove, Stacked Washer & Dryer, B/I Dishwasher, All Electric Light Fixtures, All Window Coverings.Unit Currently Has 1 Extra Pkg Space Assumable For $50Per Month.

Call 416-837-9035 for a private and exclusive showing of this beautiful home today!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

Second Best March on Record!!!

2011-04-09T16:33:00.000-07:00

April 5, 2011 -- Greater Toronto REALTORS® reported 9,262 transactions through the TorontoMLS® system in March 2011, representing the second best March result on record. The number of transactions was 11 per cent lower than the record result reported in March 2010.

"The strong home sales reported in March and throughout the first quarter of 2011 have been based on a solid affordability picture and improving economic conditions in the GTA and country-wide," said Toronto Real Estate Board (TREB) President Bill Johnston.

The average selling price for March 2011 was up five per cent year-over-year to $456,147. The strongest average annual price growth was reported for condominium apartments and semi-detached houses, at approximately seven per cent for both home types.

"Market conditions were tighter in March compared to last year. With more competition between buyers, we have seen a strong but sustainable rate of price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland
HomeLife/Response Realty Inc.
Direct: 416-837-9035
24 Hr Pg: 905-949-0070
Email: garett.sutherland@cogeco.ca

Each Office Is Independently Owned And Operated

ABSOLUTELY GORGEOUS NEW LISTING PERFECT FOR 1ST TIME BUYERS!

2011-04-02T16:41:00.000-07:00

911 HASSELFELDT HEIGHTS MILTON

Please take the virtual tour: http://rstours.ca/multimedia/mm_911hasselfeldt-0311/ss_ub.html

Think Pride Of Ownership When You Think Of This Gorgeous Ready To Move In Home! Mattamy Built, Ashfield Model Elevation 'B'. Featuring New Laminate Flooring In Living & Dining Room, Pot Lights In Living Room,Large Kitchen W/Newer Appliances & Walkout To Balcony. Energy Star Rating. Large Master Bedroom With Size Enough For Any Furniture. Fantastic Neighborhood Close To Schools, Hwy, Shopping, Parks,Community Centres & Every Amenity Imaginable! Must Be Seen!

Purchase With Confidence As This 3 Year New Home Is In Excellent Condition! Includes Fridge, Stove, Built-In Dishwasher, All Electric Light Fixtures & All Window Coverings.
Call 416-837-9035 For your personal and private showing of this home today!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland
HomeLife/Response Realty Inc. Brokerage
Direct: 416-837-9035
24 HR Page: 905-949-0070
Email: garett.sutherland@cogeco.ca

Each Office Is Independently Owned And Operated

Housing Report Mid March 2011

2011-03-17T15:03:00.000-07:00

GTA REALTORS® Report Monthly Resale Housing Market Figures
TORONTO, March 16, 2011 -- Greater Toronto REALTORS® reported 4,138 sales during
the first two weeks of March 2011 – a five per cent decrease compared to the first
two weeks of March 2010. The number of new listings also dipped – down by 15
per cent compared to the same period last year.

"A positive economic outlook for the Greater Toronto Area, including steady
growth in jobs and incomes, has kept households confident in their ability to
purchase and pay for a home over the long term," said Toronto Real Estate Board
(TREB) President Bill Johnston.
The average price for transactions during the first 14 days of March was $460,196,
representing a 4.6 per cent increase compared to the first two weeks of March
2010.

"Market conditions are tighter compared to this time last year, resulting in more
competition between buyers and sustained upward pressure on the average
selling price. The annual rate of price growth is expected to range between three
and five per cent in 2011," said Jason Mercer, TREB's Senior Manager of Market
Analysis.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

NEW MILTON LISTING! 581 GERVAIS TERRACE!

2011-03-11T11:03:00.000-08:00

Please view the virtual tour: http://rstours.ca/multimedia/mm_581gervaise-0311/ss_ub.html

Absolutely Gorgeous Freehold Mattamy Built Townhome Located On Quiet, Low Traffic Cul-De-Sac Road! Perfect For New Family W.Parks, Bike Paths, Schools,Hwy Access, Go Train & Playground For Children. This Less Than 1 Year New Home Is In Spotless Condition & Features Dark Walnut Coloured Hardwood Floors In The Lr/Dr & Matching Oak Staircase! Large Kitchen With Glass Tile Backsplash, Stainless Steel Appliances, Undermount Lighting & Walkout To Deck!

This End Unit Home Also Features A Large Breakfast Island In The Kitchen, Quartzite Countertops, Upgraded Light Fixtures Thru-Out,Upgraded Towel Racks, & Extensive Closet Space. Plenty Of Natural Light. No Neighbours In Front Or Behind!

Call 416-837-9035 to set up your private showing of this beautiful home today!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland
HomeLife/Response Realty Inc. Brokerage*
Direct: 416-837-9035
24 hr pg: 905-949-0070
Email: garett.sutherland@cogeco.ca
Each Office Is Independently Owned And Operated

BEAUTIFUL NIGHTCLUB DOWNTOWN TORONTO! 471 RICHMOND STREET!

2011-03-11T10:54:00.000-08:00

Established Night Club With Intimate Atmosphere, Located In Entertainment District And 2 Blocks North Of King West. Easy To Manage With Low Overhead, Turnkey Operation, Only Open 2 Nights Per Week And Generating $100K Net Income! Net Rent Only $3,420 Per Month.

For further information or to set up a showing of this listing please call 416-837-9035.

Think Garett First For All Your Real Estate Needs!

Garett D. Sutherland
HomeLife/Response Realty Inc. Brokerage8
Direct: 416-837-9035
24 hr pg: 905-949-0070
Email: garett.sutherland@cogeco.ca
Each Office Is Independently Owned And Operated

2803 HOLLINGTON CRESCENT JUST LISTED, JUST SOLD!

2011-02-24T16:30:00.000-08:00

This home sold in 4 days and was sold firm in 9! For similar results, call 416-837-9035 and start packing today!

Think Pride Of Ownership When You Think Of This Fully Renovated & Spotless Semi-Detached Home! Featuring A Brand New Kitchen With Large Pantry & Excellent Counter Space, Fully Updated Washrooms, Updated Tile Flooring, Re-Finished Hardwood Floor Throughout, New Light Fixtures & Ceiling Fans Throughout - This Home Aims To Please. Also Featuring A New Front Door, Large Bay Window In The Den, Neutral Paint Colour Throughout & Closet Organizer In The Master!

This Home Shows To Absolute Perfection! Purchase W/Confidence As This Home Has A New Roof(2010),Newer Furnace(Interior Re-Done W/E 11Yrs Ago),Alarm System & Is Located On A Quiet Low Traffic Street Close To Qew,Schools,Shopping & Amenities!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland
HomeLife/Response Realty Inc. Brokerage
Direct: 416-837-9035
Office: 905-949-0070
Email: garett.sutherland@cogeco.ca

Each Office Is Independently Owned And Operated

GTA REALTORS® Report Mid-Month October 2010 Resale Housing Market Figures

2010-10-19T04:42:00.000-07:00

TORONTO, October 18, 2010 -- Greater Toronto REALTORS® reported 3,012
sales through the Multiple Listing Service® (MLS®) during the first two
weeks of October 2010.

This represented a 17 per cent decrease compared to the 3,631 sales
recorded during the same period in 2009. Year-to-date sales amounted to
71,988, representing a three per cent increase compared to 2009.
“The GTA resale market is balancing out from the record level of sales
experienced in the second half of 2009 and first few months of 2010. This is
why sales figures have been lower than 2009 levels in recent months. With
this said, it should be noted that the annual rate of decline slowed somewhat
through the first two weeks of October,” said Toronto Real Estate Board
President Bill Johnston.

The average price for October mid-month transactions was $444,644 – up
seven per cent compared to the average of $414,479 recorded during the
first 14 days of October 2009.

“We are seeing enough buyers relative to sellers to promote continued price
growth year-over-year. People are buying because home ownership remains
affordable in the GTA. A household earning the average income can
comfortably afford a mortgage on the average priced resale home,” said
Jason Mercer, TREB’s Senior Manager of Market Analysis.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

Each Office Is Independently Owned & Operated

Affordable Luxury! New Listing 3963 Zenith Court Mississauga.

2010-10-17T21:59:00.000-07:00

MLS # W1976061

Check out the virtual tour: http://rstours.ca/multimedia/mm_3963zenith-1010/ss_ub.html

Think Pride Of Ownership When You Think Of This Fully Renovated & Spotless Townhome! Upgraded With Porcellin Tile On Main Floor, Hardwood Throughout The 2nd Floor Including The Staircase, Pot Lights On All Three Levels, Custom Blinds, Large Closets, Flat Ceilings In Basement & Master Bedroom, 4Pc Master Ensuite Features Frameless Glass Shower Raindrop Shower Head & Soaker Tub. Kitchen Has Upgraded Shaker Cabinetry, Granite Counter-Tops & Large Breakfast Area!

This Home Shows To Absolute Perfection! Neutral Paint & Stylish Decor Thru-Out. Backyard Prof.Landscaped. Incl: Fridge,Stove,Washer/Dryer & Dishwasher.Private,Quiet Cul-De-Sac Location Close To All Amenities,Schools & Public Transit.

Asking only $389,900

Call 416-837-9035 for more information or to set up a private showing of this beatiful home today!

Presented with pride by Garett D. Sutherland

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

Each Office Is Independently Owned & Operated

ONE OLD MILL! NEW TRIDEL CONDO DEVELOPMENT IN BLOOR WEST VILLAGE!

2010-10-07T09:29:00.000-07:00

Old Mill is one of Toronto's last real villages, a quiet and refined neighborhood steeped in old-world charm with its quaint Tudor homes, centuries-old trees and picturesque proximity to the lush Humber Valley. Yet Tridel's One Old Mill is set within many of Toronto's New world luxuries, just steps from the subway and conveniently connected with the fashionable boutique shops, cafes and open markets of the Kingsway and Bloor West Village. Discover this intimate and elegant hideaway, right here, in the heart of Old Mill.

Floor plans and price list are available from Garett D. Sutherland on request. Call 416-837-9035 for more info today!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland
HomeLife/Response Realty Inc. Brokerage*
Office: 905-949-0070
Direct: 416-837-9035
Email: garett.sutherland@cogeco.ca

Each Office Is Independently Owned & Operated

Upgrades Galore! New Listing 4044 Farrier Court Mississauga.

2010-10-06T09:18:00.000-07:00

MLS #: W1966580

Check out the virtual tour:http://rstours.ca/multimedia/mm_4044farrier-0910/vt_ub.html

Simply gorgeous 3 bedroom, 2 washroom home in Mississauga in sought after Sawmill Valley neighbourhood! Attached row townhome with 1 car garage & fully finished basement. This home shows to perfection & features a modern kitchen with eat-in Breakfast Area, beautiful ceramic floors & backsplash & preferred Kitchen Aid appliances. The living/dining room is spacious & has custom hardwood flooring with a walk-out to the backyard. Tastefully decorated & must be seen!

The upgraded washrooms are show stoppers! Fully renovated with vessel sinks, premium faucets & natural stone floor & wall tile. Large bedrooms with hardwood floors & great closet space. Includes all appliances, electric light fixtures & window coverings. Cul-de-sac road with low traffic perfect for families with small children!

This neighborhood has everything you could ask for as there is close proximity to highway 403, schools, parks, recreation centres, churches, historic walking paths, supermarkets and shopping.

Take advantage of this excellent opportunity to own in the perfect neighborhood!

Call 416-837-9035 to book a private showing of this beautiful home today!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

GTA REALTORS® Report September 2010 Resale Housing Market Figures

2010-10-06T09:14:00.000-07:00

TORONTO, October 5, 2010 -- Greater Toronto REALTORS® reported 6,310 sales
through the Multiple Listing Service® (MLS®) in September 2010.
This represented a 23 per cent decrease compared to the 8,196 sales recorded
during the same period in 2009. Through the first nine months of the year, sales
amounted to 69,069 – up four per cent compared to the first three quarters of
2009.

“The level of sales in the second half of 2010 has been lower, representing a
balancing out period following record levels of sales in the latter half of 2009 and
first few months of 2010. We remain on track for one of the best years in history
for existing home transactions in the GTA,” said Toronto Real Estate Board
President Bill Johnston.

The average price for September transactions was $427,329– up five per cent
compared to the average of $406,877 reported in September 2009. The average
selling price through the first nine months of the year was $429,657.
“Resale homes in the GTA remain affordable,” said Jason Mercer, TREB’s Senior
Manager of Market Analysis.

“It is important to consider the positive impact of declining mortgage rates over
the past two decades. Simply considering home prices relative to incomes does
not allow for an accurate analysis of affordability,” continued Mercer. “The share
of average household income going toward a mortgage payment on the average
priced home in the GTA remains within accepted lending guidelines. This is why
the average home selling price has continued to grow.”

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

Gorgeous New Listing! 3655 Partition Road Mississauga.

2010-09-30T06:52:00.000-07:00

Check out the Virtual Tour:

http://rstours.ca/multimedia/mm_3655partition-0910/ss_ub.html

Move in ready semi-detached home in family friendly neighbourhood! Located on quiet cul-de-sac road with no neighbours behind the home. Features 3 bedrooms, 3 washrooms, finished basement bright clean & very well maintained. Eat-in kitchen, fully fenced yard, meticulously maintained. Fantastic location close to schools, parks, public transportation, Go Train, highways 401 & 407, shopping, supermarkets & all amenities. Spacious layout & perfect for new or growing family.

Includes: Fridge, stove, washer, dryer, dishwasher, all electric light fixtures, central air conditioner, central vacuum & attachments.

MLS Number W1965523

Call 416-837-9035 for more details or to set up a private showing of this home today!

Presented with pride by Garett D. Sutherland

NEW LISTING!!! 64 ELDERWOOD PLACE BRAMPTON!

2010-09-22T10:50:00.000-07:00

Simply stunning! Perfect for 1st time home buyers and located on a quiet child friendly cul-de-sac road. 5 level backsplit featuring 3 bedrooms, 3 washrooms, 2 kitchens, a fully finished basement, fireplace & central vacuum. This home is in spotless condition! Also features newer high efficency furnace, eco-friendly water heater, water filter, walk-in from garage, main floor laundry, backyard deck & shed and crown mouldings. This home must be seen!

Located close to hwy 410, parks, schools, public transportation, Etobicoke Creek, The Go & downtown brampton all while being on a low traffic, child friendly road. Purchase includes: newer fridge, stove & washer/dryer(2009), security cam & alarm.

Call 416-837-9035 to set up a private showing of this gorgeous home today!!!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

Each Office Is Independently Owned & Operated

GTA REALTORS® Report Mid-Month September Resale Housing Figures

2010-09-19T19:12:00.000-07:00

TORONTO, September 16, 2010 ‐ Greater Toronto REALTORS® reported 2,623 sales
through the Multiple Listing Service® (MLS®) during the first two weeks of September
2010. This represented a 22 per cent decrease compared to the 3,361 sales recorded
during the same period in 2009. Year-to-date sales amounted to 65,455, representing a
six per cent increase compared to 2009.

“Sales remain below the record pace we experienced in the second half of 2009. The
prospect of higher interest rates and new mortgage lending guidelines resulted in higher than normal sales in the first few months of the year. To balance this out, the pace of sales has slowed in the second half,” said Toronto Real Estate Board President Bill Johnston.

“It is important to note that year-to-date sales remain above the number reported
through the same period last year,” added Johnston.

The average price for September mid-month transactions was $412,367 – up five per
cent compared to the average of $393,818 recorded during the first 14 days of
September 2009. “Under current lending standards, the average selling price is affordable for a household earning the average income in the GTA. The annual price growth we have been experiencing has been justified by this positive affordability picture,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

NEW LISTING! 3515 KARIYA DRIVE MISSISSAUGA UNIT 2501!

2010-09-13T21:08:00.000-07:00

Absolutely gorgeous apartment in fantastic building! Simply spotless 1 bedroom, 1 washroom home in the heart of downtown Mississauga. Situated in the upscale 'Eve' condo this home features 9' ceilings, is less than a year and a half new, has hardwood floors in the living room, dining room & master bedroom. The living/dining room features a walk-out to a spacious balcony with panoramic views of downtown Mississauga. There is also walk-in closet in the master. Must Be Seen!
Ceramic floors & backsplash in the kitchen along with stainless steel appliances & granite countertops. Includes fridge,stove, stacked washer & dryer, all electric light fixtures & window coverings. Low maintenance fees! Indoor pool,sauna, grand celebration room, guest suites & more.

Call 416-837-9035 for a private showing of this beautiful home today!

ASKING ONLY $239,000

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

JUST LISTED. JUST SOLD! 3343 BRETT ROAD MISSISSAUGA!

2010-09-06T17:58:00.000-07:00

This gorgeous home was on the market for only 4 days when my marketing and sales skills brought an offer in making it sold conditional in record time! I can do the same for you. Call 416-837-9035 to find out how.

Check out the description and pictures below!

Meticulously Maintained Fully Detached Home In Prime Erin Mills Location. Close Access To Highways 403, 407 & Qew. Updated Family Size Eat-In Kitchen With Ceramic Floors. Hardwood Floors In Living Room And Dining Room Areas. Full Wall Closet In Master Bedroom. Direct Access To House From The Garage. Automatic Garage Door Opener With Remote. Spacious Fully Fenced Private Backyard. New Roof (2007). New High-Efficiency Furnace(2006).

Central Vac, Central Air Conditioning, Washer, Dryer, Alarm System, Gdo & Remote Plus All Window Coverings, All Electric Light Fixtures, Ceiling Fan In Master Bedroom, Wooden Shelving In Basement, All Included. 3 Brand New Kitchen Appliances Will Be Installed Before Closing.

ASKING ONLY $369,000

Stocks Fall As Home Sales Sink

2010-08-24T10:26:00.000-07:00

By Melinda Peer, TheStreet

U.S. stocks were falling after existing-home sales fell more than expected, stoking fears about the economy.

The National Association of Realtors said the expiration of homebuyer tax credits caused existing-home sales to fall 27% to 3.83 million in July from a revised 5.26 million in June. Economists had expected sales to fall to 4.75 million, according to Briefing.com. Sales of single-family homes fell to the lowest level in 15 years.

"Consumers rationally jumped into the market before the deadline for the home buyer tax credit expired," said Lawrence Yun, a chief economist of the National Association of Realtors. "Since May, after the deadline, contract signings have been notably lower and a pause period for home sales is likely to last through September."

The median existing-home price rose 0.7% to $182,600. Distressed homes accounted for 32% of sales in July, compared with 31% a year ago.

Think Garett First In All Your Real Estate Needs!

GORGEOUS NEW LISTING 8 LINKDALE BRAMPTON

2010-08-18T22:00:00.000-07:00

Absolutely gorgeous home in spotless condition! Perfect home for a growing family or investor in fantastic family oriented neighbourhood! Features bamboo hardwood floors in the living & dining rooms. 3 generous bedrooms, fully finished basement with its own separate side entrance(perfect for investors)3 washrooms & is bright,clean & spacious throughout! Extra large frontage with a 60 foot wide lot landscaped to perfection with award winning perennial gardens.

Finished basement has seperate side entrance, its own kitchen & 3 piece washroom. This home is professionally upgraded with bamboo flooring, new ceramics, berber carpeting, newer windows & roof! Includes all window coverings & all appliances.

Please check out the virtual tour for additional photos at:

http://rstours.ca/multimedia/mm_8linkdale-0810/vt.html

Call 416-837-9035 for a private showing of this beautiful home today!

Garett

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

August 17th 2010 GTA REALTORS® Report Mid-Month Resale Housing Figures

2010-08-17T08:33:00.000-07:00

TORONTO, August 17, 2010 ‐ Greater Toronto REALTORS® reported 2,732 sales
through the Multiple Listing Service® (MLS®) during the first two weeks of
August 2010.

This represented a 29 per cent decrease compared to the 3,832 sales
recorded during the same period in 2009. New listings, at 4,770 were down
eight per cent compared to the first two weeks of August 2009.

“Throughout the better part of the last year, the number of monthly sales
was well above the expected long-term trend. Accordingly, it makes sense
that the number of transactions has dipped over the past few months in
comparison to last year’s record results,” said Toronto Real Estate Board
President Bill Johnston.

The average price for August mid-month transactions was $412,934 – up
eight per cent compared to the average of $383,796 recorded during the
first 14 days of August 2009.

“We have seen a sufficient number of buyers relative to sellers over the
summer months to support continued year-over-year price growth in the
GTA,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

TREB Commercial REALTORS® Report Monthly Commercial Figures

2010-08-09T10:33:00.000-07:00

Toronto, August 5, 2010 — In July, TREB Commercial Members reported 724,590 square feet of leased space – a 132 per cent increase from the 312,771 square feet of leased space recorded in July of 2009.

“Riding the wave of renewed economic growth and the recovering labour market, the volume of IC&I leased space continues to run well above last year’s levels,” Commercial Council Chair Larry Purchase noted.”

By category, TREB Commercial Members leased 644,830 square feet of industrial space, up 176 per cent over last July’s total of 233,342 square feet. In addition, they leased 47,406 square feet of commercial space, up 20 per cent over July 2009’s 39,575figure. Finally, 32,354 square feet of office space was leased- down 19 per cent from the 39,854 square feet recorded during the same month last year.

Average lease rates were mixed in July. Industrial lease rates for all size categories rose four per cent to $5.53 per square foot net (sfn) from the $5.33/sfn recorded in July of 2009.

Commercial space leased for an average of $19.75/sfn – up 24 per cent from the $15.91/sfn figure recorded for the same month last year. Finally, office space leased for a rate of 10.28/sfn – down 14 per cent from last July’s $11.98/sfn figure.

Sales Market Highlights

TREB Members recorded 45 sales of IC&I properties in July, including 24 industrial buildings of all size categories which sold for an average of $61.35 per square foot, and 21 commercial properties which sold for an average of $21.15 per square foot. Non MLS sources gave an average selling price of $64.15 per square foot for industrial buildings.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

GTA REALTORS® Report Monthly Resale Housing Figures

2010-08-05T10:16:00.000-07:00

TORONTO, August 5, 2010 ‐ Greater Toronto REALTORS® reported 6,564 sales in July – a 34 per cent dip from the record 9,967 sales reported in July 2009. New listings, at 10,825, dropped to the lowest level for the month of July since 2002.

“The level of July sales remained below the expected long-term trend. The market has become more balanced following record monthly sales through most of the winter and early spring,” said Toronto Real Estate Board (TREB) President Bill Johnston.

Total sales through the first seven months of 2010 were up by 12 per cent compared to the same period in 2009.

Notwithstanding the fact that price trends vary at the neighbourhood level in GTA, the average price for July transactions was $420,482, representing a six per cent increase over July 2009. Over the first seven months of 2010, the average selling price was up 12 per cent annually to $432,253.

“Market conditions promoting annual growth in the average selling price have remained in place. While July sales were down compared to last year, the number of new listings in the marketplace also fell. This means there was enough competition between buyers to exert upward pressure on price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

New Home Sales In For First Half Of 2010

2010-07-29T09:51:00.000-07:00

The first half of the year is now complete and sales numbers for the period January to June show an jump of 69% in total new home sales over the same period last year and a 22% increase over 2008. It’s been a stellar first half for High Rise sales with a total 10,030 units sold making it the second highest year-to-date total for High Rise since 2000. Low Rise sales came in at 9,571 units, which was better than the 2009 total of 7,451 and 8,370 in 2008.

New construction sites are often a reflection of a healthy economy from a period that has recently past. For more information on new construction projects anywhere in the Greater Toronto Area please contact 416-837-9035 direct and ask for Garett.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

Great New Listing!!! Gorgeous Condo Heart Of Mississauga!

2010-07-19T09:29:00.001-07:00

Just listed, 388 Prince Of Wales Unit 3307! Absolutely Gorgeous 33rd Floor Unit In Daniels Built High Rise!! Stunning Corner Apt W.Panoramic Views Of Lake Ontario To The South & Downtown Toronto Waterfront To The East. Simply Breathtaking! Freshly Painted In Contemporary Colours. Features 2Bedrooms,2 Washrooms,Large Walk-In Closet In the Master Bedroom. Ensuite Washroom & Walkout To 2nd Balcony In Master. Tasteful Decor With Plenty Of Natural Light. This Home Is In Perfectly Clean Condition! Kitchen Features Ample Space & Stainless Steel Appliances.

Located In The Heart Of The Mississauga With Close Access To Hwy 403, Square One Shopping Centre. Movie Theatres, Fine Dining, Entertainment, Pubs & Nightlife. Near Parks, Schools, Daycare, Library & Public Transportation.

Check out the virtual tour: http://rstours.ca/multimedia/mm_388princeofwales3307-0710/vt_ub.html

Call 416-837-9035 for more information or a private showing today!

GTA REALTORS® Report Mid-Month Resale Housing Figures

2010-07-19T09:21:00.000-07:00

TORONTO,JULY 19,2010" Greater Toronto REALTORS® reported 2,790 sales through
the Multiple Listing Service® (MLS®) during the first two weeks of July 2010. This
represented a 37 per cent decrease compared to the 4,437 sales recorded during
the same period in 2009. New listings decreased by eight per cent annually to
5,184.

“Last summer existing home sales spiked well above the expected long-term trend.
Sales were also unseasonably high during the first four months of this year,” said
Toronto Real Estate Board President Bill Johnston. “Transactions will be down yearover-year in the second half of 2010 as the level of sales balances out.”

“With year-to-date sales up by more than 18 per cent compared to last year, we
continue to look forward to one of the best years on record under the current TREB
trading area,” continued Johnston.

The average price for July mid-month transactions was $427,931 – up eight per
cent compared to the average of $394,750 recorded during the first 14 days of July
2009.

“The average home selling price in the GTA will continue to grow on an annual basis
in the second half,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
“Even with the pace of transactions slowing, there will be enough sales relative to
listings to support sustainable rates of price growth.

With sales slowing down and interest rates still at reasonable levels, all indicators point to a fantastic buyers market. If you are looking to make a purchase this year now is a great time to start! Call 416-837-9035 and let me help you begin the process today!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

Each office is independently owned and operated

Market More Balanced in June

2010-07-14T07:53:00.000-07:00

Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®)in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009. “We experienced a record number
of existing home sales during the first half of 2010, but these sales were weighted more towards the beginning of the year,” said Toronto Real Estate Board President Bill Johnston. “The pace of home sales has moderated from record levels over the past
two months with the prospect of higher mortgage rates.”

The average price for June transactions was $435,034 – up eight per cent compared to the average of $403,972 recorded for June 2009. “With more homes to choose from in the second quarter, many home buyers have been making less-aggressive offers. This has resulted in less upward pressure on the average selling price,”
said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The annual rate of average price growth in the second half of 2010 will be in the single digits.”

The shift from a sellers market to a buyers market has taken place. As intrest rates creep up slightly housing sales slow at the same rate.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

GTA REALTORS® Report Mid-Month Resale Housing Figures

2010-06-17T12:46:00.000-07:00

TORONTO, JUNE 16, 2010 ‐ Greater Toronto REALTORS® reported 4,139 sales through
the Multiple Listing Service® (MLS®) during the first two weeks of June 2010.
This represented a 20 per cent decrease compared to the 5,185 sales recorded during
the same period in 2009. New listings increased by 21 per cent annually to 7,985.

“The pace of existing home sales in the GTA has slowed to more normal levels
following a record-setting start to 2010,” said Toronto Real Estate Board President Tom Lebour.

“Due to higher mortgage carrying costs, sales in the second half of 2010 will not be as high as what was experienced during the last six months of 2009.”
The average price for June mid-month transactions was $437,039 – up seven per cent
compared to the average of $407,716 recorded during the first 14 days of June 2009.

“The seller’s market conditions experienced during the first few months of the year have given way to more balanced conditions. Home buyers are experiencing more choice,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “With more choice in the market place, price growth is starting to slow.”

A slowing market leads to better selection of homes for buyers to choose from and better leverage in negotiation for buyers as well. Call 416-837-9035 today to take advantage of these market conditons as a buyer!

Garett

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@cogeco.ca

GTA REALTORS® REPORTING MARCH MID-MONTH HOUSING STATISTICS

2010-03-24T06:22:00.000-07:00

TORONTO, MARCH 17, 2010 - Greater Toronto REALTORS® reported 4,353 sales through
the Multiple Listing Service® (MLS®) during the first two weeks of March.
This represented a 70 per cent increase compared to the 2,562 sales recorded during the
same period in 2009 when resale transactions had dipped markedly due to the recession.
The mid-month sales total was also 16 per cent higher than the previous March midmonth
high reached in 2006.

“The spring-like weather in the first half of March brought the first green sprouts of the
recurring spring market. Every year, monthly sales climb steadily through May,” said
Toronto Real Estate Board President Tom Lebour. "People are buying homes because
they are confident in the current economic recovery and mortgage payments on the
average priced home remain affordable."

The average price for March mid-month transactions was $440,153 – a 20 per cent
increase over 2009. New listings within the Toronto Real Estate Board boundaries were
up 34 per cent to 8,540.

"Look for double-digit annual price increases to cease later in 2010, as new listings
rebound from the low levels experienced in 2009," said Jason Mercer, TREB's Senior
Manager of Market Analysis. "Increased listings will give buyers more choice, resulting in
less upward pressure on home prices.”

IN THIS HOT MARKET IT IS TIME TO LIST! CALL ME TO TAKE ADVANTAGE TODAY! 416-837-9035 DIRECT CELL!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: http://www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com

THE 2010 HOME BUYERS SEMINAR

2010-03-07T22:05:00.000-08:00

Stylishcondo.com presents the 2010 Home Buyers Seminar! Have a question about the current real estate market to sell/ buy a new home, we've got answers! Want to know the process of getting started in buying a resale home or pre-construction we'll give you the keys!

Are you an investor looking to flip a home, be a landlord or make money of pre-construction houses or condos? Recieve excellent tips and advice at this seminar!

If you've got questions about mortgages, mortgage penalties, federal mortgage changes, H.S.T. and it's effects current rates and rate changes find out here!

Need to get out of debt? You can find out how at this seminar and talk to a credit/mortgage/debt advisor in person. Have no credit and are looking at how to build it so you can buy this year? This is the place you need to be!

This is a 1 hour seminar and is FREE! Invite your friends as refreshments will be served along with valuable information.

See you all there!

Garett

Garett D. Sutherland B.A. REALTOR
Website:http://www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com
Real Estate Blog: http://stylishgtacondo.blogspot.com/

H.S.T. TRANSITION RULES

2010-02-19T11:54:00.000-08:00

HST Transition Rules

October 21, 2009 -- The provincial government has provided rules/guidance on how it will transition to the implementation of the proposed Harmonized Sales Tax.

Background

The provincial government has passed legislation to combine the eight percent Provincial Sales Tax with the five percent federal Goods and Services Tax, creating a 13 percent Harmonized Sales Tax (HST).

The HST is NOT YET IN EFFECT. The HST will come into effect beginning on July 1, 2010; however, note transition rules below.
HST will not apply on the purchase price of re-sale homes.
HST would apply to services such as moving cost, legal fees, home inspection fees, and REALTOR® commissions.
HST will apply to the purchase price of newly constructed homes. However, the Province is proposing a rebate so that new homes across all price ranges would receive a 75 per cent rebate of the provincial portion of the single sales tax on the first $400,000. For new homes under $400,000, this would mean, on average, no additional tax amount compared to the current system.

Transitional Rules for New Housing

Generally, sales of new homes under written agreements of purchase and sale entered into on or before June 18, 2009 would not be subject to the provincial portion of the single sales tax, even if both ownership and possession are transferred on or after July 1, 2010.
The tax would also not apply to sales of new homes under written agreements of purchase and sale entered into after June 18, 2009 where ownership or possession is transferred before July 1, 2010.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com

GTA REALTORS® REPORT MID-FEBRUARY RESALE HOUSING MARKET FIGURES

2010-02-18T21:13:00.000-08:00

TORONTO, February 18, 2010 -- Greater Toronto REALTORS reported 3,555 sales through
the Multiple Listing Service during the first two weeks of February.

This represented a 74 per cent increase compared to the 2,044 sales recorded during the same period in 2009 when resale transactions had dipped due to the recession. The
February mid-month sales total was also 7.7 per cent above the previous high set in 2006.

"Home ownership demand remains strong in the GTA, as households remain confident
that economic recovery is at hand and that ownership housing will continue to be a
quality long-term investment," said Toronto Real Estate Board President Tom Lebour.

The average price for February mid-month transactions was $429,997 - an 18 per cent
increase over 2009. New Listings within the Toronto Real Estate Board boundaries were
up 15 per cent to 6,212.

"Double-digit price increases will persist through the first quarter of the year," said Jason Mercer, TREB's Senior Manager of Market Analysis. "However, as new listings continue to increase creating a better supplied market, we will see the annual rate of price growth moderate into the single digits."

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com

FOLLOW ME ON TWITTER: http://twitter.com/gdsutherland
JOIN MY REAL ESTATE GROUP ON FACEBOOK: http://www.facebook.com/#!/group.php?gid=191407515028&ref=ts

NEW STANDARDS TO FEDERAL BACKED MORTGAGES

2010-02-17T11:25:00.000-08:00

February 16th 2010 -

Today, the Government announced three changes to the standards governing government-backed mortgages.

Qualifying at a Five-Year Rate
Current interest rates are at record low levels, which has improved the affordability of housing for Canadians. It is important that Canadians borrow prudently and are able to manage their debt loads when interest rates rise.

Lender and mortgage insurers look at two key ratios when assessing the ability of a borrower to make payments on a mortgage loan:

•Gross Debt Service (GDS) ratio—the ratio of the carrying costs of the home, including the mortgage payment, taxes and heating costs, to the borrower's income.
•Total Debt Service (TDS) ratio—the ratio of the carrying costs of the home and all other debt payments to the borrower's total income.
Currently, the interest rate used to determine the mortgage payment for these calculations is either the rate fixed for the term of the mortgage or, in the case of a variable-rate mortgage and mortgages with terms of less than three years, the greater of the contract rate and the prevailing three-year fixed rate.

The adjustments to the mortgage framework will require mortgage insurers to ensure that borrowers qualify for their mortgage amount using the greater of the contract rate or the interest rate for a five-year fixed rate mortgage when calculating the GDS and TDS ratios.

This measure is intended to protect Canadians by providing them with additional flexibility to support mortgage payments at higher interest rates in the future.

Limit the Maximum Refinancing Amount to 90 per cent of the Loan-to-Value Ratio
Borrowers seeking financial flexibility can currently refinance their mortgage and increase the amount they are borrowing on the security of their home up to a limit of 95 per cent of the value of the property. This type of refinancing lowers the borrower's equity in their home. The adjustments today will lower the maximum amount of the mortgage loan in a refinancing of a government-backed high ratio mortgage loan to 90 per cent of the value of the property, consistent with the principle that home ownership is a tool for savings.

Discouraging Speculation by Requiring a Minimum Down Payment of 20 per cent for non-owner-occupied properties
This measure will require a minimum down payment of 20 per cent for government-backed mortgage insurance on non-owner-occupied properties purchased for speculation. Currently, borrowers may purchase a residential property with a 5 per cent down payment. Today's change will require a 20 per cent down payment for small (i.e., 1- to 4-unit) non-owner-occupied residential rental properties. Borrowers purchasing owner-occupied residential properties which also include some rental units (e.g., borrowers purchasing a duplex to live in one unit and rent out the other) will still be able to access government-backed mortgage insurance with a 5 per cent down payment.

Moving to the New Framework
These adjustments to the mortgage insurance guarantee framework are intended to come into force on April 19, 2010. Exceptions would be allowed after April 19 where they are needed to satisfy a binding purchase and sale, financing, or refinancing agreement entered into before April 19, 2010.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage
Office: 905-949-0070
Direct: 416-837-9035

Each Office Is Independently Owned And Operated

Canadian Housing Starts, July 2009 Results

2009-08-13T22:27:00.000-07:00

August 11, 2009,

Source: Canada Mortgage and Housing Corporation (CMHC)

Summary: Canadian housing starts declined in July, in comparison to both June (on a seasonally-adjusted basis) and July 2008. Similarly, builders in the Toronto CMA started construction on fewer homes in July. In the Toronto area, the decline in starts was driven by the high-rise segment of the market.

Analysis: While housing starts remained on the downward trend, both Canada-wide and in the GTA, CMHC suggested that residential construction activity will increase in the second half of this year. There are indicators that support this view. The resale market in the GTA and many other centres across the country has tightened up, with sales rising relative to listings. Generally, when this happens, traffic increases at new home sales centres. According to figures provided by RealNet Canada Inc., which TREB members have access to, new home sales activity has picked up in recent months, including a year-over-year increase in June. If this trend continues, it makes sense that new home construction will pick up moving forward.

GTA REALTORS REPORT RECORD SALES IN JULY!

2009-08-09T15:51:00.000-07:00

TORONTO, August 6, 2009 - In July 2009, Greater Toronto REALTORS® reported a record9,967 sales, up 28 per cent from July 2008. The average price for July transactions was$395,414 – up by six per cent compared to the same month last year.

"Households confident in their positioning within the current economic environment have takenadvantage of housing affordability in the GTA," said TREB President Tom Lebour. "The realestate sector has been one of the sectors making a positive contribution to economic growth inthe GTA, not to mention Ontario and Canada more broadly.

"Year-to-date sales, at 50,632 are down 1.2 per cent compared to the first seven months of 2008.Average price, at $385,808 is down by less than one-half of one per cent.

"The steep drop-off in sales experienced at the beginning of the year has all but dissipated,"explained Jason Mercer, TREB's Senior Manager of Market Analysis. "With five months left togo in the year, it is probable that total existing home sales in 2009 will be at or above last year’slevel."

It may be starting to sound like a skipping record with the Toronto Real Estate Board updates but the real estate market in the Greater Toronto Area is really that healthy!

Contact me and let me help you make your buying or selling dreams a reality!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR

Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com
Real Estate Blog: http://stylishgtacondo.blogspot.com/

GTA REALTORS® REPORT SALES UP FOR THE FIRST TWO WEEKS OF JULY!

2009-07-26T22:29:00.000-07:00

TORONTO, July 20, 2009 - In the first two weeks of July, Greater Toronto REALTORS®reported 4,437 sales up 27 per cent compared to the first two weeks of July 2008. The averageprice for these transactions was up four per cent year-over-year to $394,750.

"The resurgence in home ownership demand experienced in the spring has continued into thesummer. Home buyers continued to take advantage affordable market conditions in the first halfof July," said TREB President Tom Lebour. "If the mid-month results carry forward, we may seethe best July on record.

"Year-to-date sales, at 45,213 are down four per cent compared to 2008. Average price, at$384,645 is down one per cent.

"The GTA housing market has held up very well this year given the current economic climate,especially relative to past economic slow-downs," explained Jason Mercer, TREB's SeniorManager of Market Analysis.

"The cost of borrowing has been key. With inflation in check, the Bank of Canada has been ableto aggressively lower interest rates – an option that wasn’t available in the early 1990s or early1980s.

Take advantage of a fantastic market while you can! Call me at 416-837-9035 direct and to find out how!

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com
Real Estate Blog: http://stylishgtacondo.blogspot.com/

GTA Resale Housing Market Posts Best June on Record!

2009-07-14T19:15:00.000-07:00

TORONTO, July 6, 2009 - In June 2009, Greater Toronto REALTORS® reported a record
10,955 sales, up 27 per cent from June 2008. The seasonally adjusted annual rate of sales in
June was 100,700.1

"The record result in June is testament to the fundamentally sound housing market in the GTA," said the Toronto Real Estate Board’s newly appointed President Tom Lebour. "An increasing number of households have been confident in purchasing a home in the region’s affordable and diverse resale housing market."

The average price for June transactions was $403,972 – up by two per cent compared to the
same month last year.

"The re-emergence of seller’s market conditions has exerted upward pressure on home prices,"
explained Jason Mercer, TREB's Senior Manager of Market Analysis. "Look for sales to remain
high relative to listings in the second half of the year. This will keep home prices growing."

THERE'S MORE TO A MORTGAGE THAN JUST A LOW RATE

2009-06-19T20:07:00.000-07:00

Make sure all the features meet your needs

While some mortgage rates have been increasing in recent weeks, overall, interest rates are the lowest we’ve seen in a generation. Homeowners and first-time buyers getting a mortgage in the months ahead will likely enjoy a rate that will keep their borrowing costs low for the next few years. Indeed, borrowers who have renewed or refinanced a mortgage in the past year now pay interest rates that are nearly one point lower than their previous rate, according to an April report by the Canadian Association ofAccredited Mortgage Professionals (CAAMP).

But while securing an attractive interest rate may be the top priority for most borrowers, some low-rate mortgages available today offer limited flexibility. For example, “no frills”mortgages offer favourable rates, but may limit your ability to pay off your mortgage sooner. In addition, “quick close” financing deals offer attractive rate discounts, but many require a closing date within 30 days. This may not provide enough flexibility for sellers or buyers.

When it comes to choosing a mortgage, getting a good rate is just the tip of the iceberg. To ensure smooth sailing, you have to be aware of all the other features that may lie below the surface.The features of a mortgage should fit a homebuyer’s personal goals, both now and down the road. Borrowers need to understand what they’re signing up for – a mortgage is the largest debt most consumers will ever take on.

Below are five tips prospective mortgage holders may consider when choosing a mortgage:

1. Consider an assumable mortgage

A few years from now when you decide to sell your home, your low-rate mortgage could provide an extra selling point. If your mortgage is assumable, meaning it can be transferred to another borrower, it allows the purchaser to take on your mortgage’s terms and payments as part of the sale. This can be an attractive incentive, particularly in a higher rate environment.

2. Review refinancing penalties

Given the low rates available today, many home owners are weighing the benefits of refinancing. When choosing a mortgage, keep in mind that penalties are often the equivalent of three months’ mortgage payments, or based on an interest rate differential,which is the difference between your current rate and the new rate. If you consider refinancing, a mortgage broker can help you decide whether the long-term savings outweigh the up-front penalties.

3. Evaluate pre-payment options

Many borrowers are taking advantage of low interest rates by accelerating payments on their mortgages. For example, many lenders allow you to double up payments periodically, or make lump-sum payments of up to 20 per cent of the principal once a year. When negotiating your mortgage, make sure you understand the size and frequency of payments your lender allows.

4. Review skip-a-payment options

Some lenders offer an option to skip a payment without penalty, which may come in handy in today’s economy.

5. Consider portability

Many mortgages have a portability feature that allows you to transfer your existing mortgage over to a new property, but not all portability terms are the same. Some lenders allow as long as 120 days to transfer the mortgage, but others only allow for a few days or a week. Choosing the right mortgage involves considering where you are now, and where you may be three to five years from now. Working with a mortgage professional can help you make sense of the many options available to you.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: http://www.stylishcondo.com/
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com
Real Estate Blog: http://stylishgtacondo.blogspot.com/

Reprinted with permission from Jacque Turnbull Mortgage Broker- M08002877
Direct Line:416.436.5325

WHAT THE SUDDENLY HOT REAL ESTATE MARKET MEANS TO YOU.

2009-06-18T23:46:00.000-07:00

With real estate markets picking up in action all over the country due to low interest rates and a lower priced inventory of homes things are changing rapidly. Government incentives also add fuel to the flame as first time home buyers and real estate speculators take advantage of current conditions.

What kind of changes can we expect to see in the markets of the near future then?

First off, expect home prices to rise in step with the increased buyer pool. While we've all known that the market has been recently skewed towards a buyers advantage, well priced homes that show well have been able to sell in a relatively decent amount of time. With the market being hot at this present time, good looking homes priced well go amazingly quick, encouraging other sellers to put their homes up for sale and at a higher price with the knowledge that there are a lot of buyers out there and not as much inventory.

To make a long story short, the type of home that a buyer thought was affordable 2 months ago will not be so affordable 1 or two months from now.

Secondly, interest rates will be on the rise. While the government sets the overnight rates which the banks individually follow in line with, the banks still have the right to work within the operating band at their own discretion. Without getting into complex lending jargon, the banks want to make money off a hot market too and will be adjusting the interest rates accordingly.

This leads us to repeat the statement the home that a buyer thought was affordable 2 months ago will not be so affordable 1 or 2 months from now (because if increased prices and higher interest rates).

If you are a buyer still waiting for the bottom of the real estate market before you buy guess what: You've missed it!

Now is still a great time to buy as neither of the aforementioned events have reached full momentum yet. If you are looking to get into the market as a buyer or are curious to see how much your home is worth contact me direct at 416-837-9035 to receive expert advice or to get a free comparative market analysis and pricing for your home.

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: http://www.stylishcondo.com/
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com

Each Office Is Independently Owned And Operated

GTA Resale Housing Sales Up 19 Per Cent in the First Half of June!

2009-06-17T21:28:00.001-07:00

The average price for MLS® sales was $407,716, up by two per cent compared to last year.
"Heightened interest in ownership housing this spring has solidified resale home prices,"
according to Jason Mercer, TREB's Senior Manager of Market Analysis. “The number of home
buyers has been high relative to the number of listings, pushing the average price above last
year's level.”

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR

Website: http://www.stylishcondo.com/

HomeLife/Response Realty Inc. Brokerage*

Direct Phone: 416-837-9035

Office Phone: 905-949-0070

Email Address: garett.sutherland@rogers.com

Real Estate Blog: http://stylishgtacondo.blogspot.com/

Each Office Is Independently Owned And Operated

GTA Resale Housing Sales Up 19 Per Cent in the First Half of June!

2009-06-17T21:28:00.000-07:00

TORONTO, June 17, 2009 - Greater Toronto REALTORS® reported 5,185 transactions in the
first half of June – an increase of 19 per cent compared to the same period last year.
"Households in the GTA have become more confident in purchasing a home over the past three
months," said TREB President Maureen O’Neill. "Affordability, due in part to very low borrowing costs, has played a key role."

The average price for MLS® sales was $407,716, up by two per cent compared to last year.
"Heightened interest in ownership housing this spring has solidified resale home prices,"
according to Jason Mercer, TREB's Senior Manager of Market Analysis. “The number of home
buyers has been high relative to the number of listings, pushing the average price above last
year's level.”

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com
Real Estate Blog: http://stylishgtacondo.blogspot.com/

Each Office Is Independently Owned And Operated

DANIELS BROKER PREVIEW EVENT THURSDAY JUNE 18TH FROM 1PM TO 3PM

2009-06-16T09:18:00.000-07:00

Broker preview event this Thursday June 18th 2009.

AGENTS ONLY OPEN HOUSE

Available only on the next 5 homes sold you can buy with only 5% down plus recieve a $15,000 cash back! Buy through www.stylishcondo.com and recieve an additional 10% cashback from recieved commissions!

Only 1 Townhome available from $380,900

Detached homes on 40', 45' and 46' lots from the low $600,000's

Immediate move in's available

Contact:

Garett D. Sutherland B.A. REALTOR
Website: www.stylishcondo.com
HomeLife/Response Realty Inc. Brokerage*
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com

For more details...

MULTIPLE OFFERS: HOW TO WIN IN ONE OF REAL ESTATES TOUGHEST POSITIONS

2009-06-11T08:49:00.000-07:00

With the general buying public taking advantage of very low interest rates, relatively decent housing prices and favorable market conditions, many buyers and their agents have recently come across multiple offer situations once again.

What buyers need to remember in situations such as these is that they are not the only people who are interested in purchasing the home for sale so while the rules are the same, the way the game is played is different.

How can a buyer win in their bid to purchase a home against another interested buyer:

1. Offer to purchase the home at full asking price, or as close to it as you feel comfortable or are pre-qualified for. In some cases, offers must be made above asking price.

2. Have as few conditions in your offer as possible.

3. Have a strong deposit.

4. Have a quick closing date.

5. Have an experienced real estate professional help you in every step of the process.

Most buyers in purchasing a property would like to negotiate the asking price of a home in order to get a fair market value for their purchase. While negotiations do occur during multiple offers, the best winning strategy is just to give the seller what they are asking for price-wise so that element of you offer is satisfied. Trying an offer at a lower price than asking allows for others to offer more than your bid and possibly beat out your offer on a very important element.

In many cases, a REALTOR representing a seller will under-price a home 5, 10 or 15% less than market value to generate interest in the property and elicit a multiple offer situation. The seller as a result will want to consider offers 5, 10 or 15% higher than the lowered asking price. As a buyer, your REALTOR should help you in making an educated decision as to what the true value of the home based on neighborhood sales and put your offer together accordingly. Heed your REALTORS advice! You're not overpaying for a home, your just playing a game with different parameters.

Having less conditions in your offer definitely strengthens your offer. A seller takes their home off the market when an offer is negotiated and a lot of conditions allow a prospective buyer to change their mind and back out of a deal. Generally, the conditions we are talking about are condition of financing and home inspection.

The condition of financing allows you to find financing for the purchased home under terms, conditions, favorable interest rates and overall monthly affordability. Consult your mortgage specialist in advance of putting in an offer without this condition and don't do it if you haven't consulted with them.

The condition of home inspection allows you to have a professional home inspector to go through the home with a fine tooth comb so to speak and tell you what may be wrong with the property. Usually, in order for this condition to be satisfied, the home must not have any major structural deficiencies. You're not looking for minor wear and tear here, just the major stuff. If you are waiving this condition, it is a good idea to do the inspection in advance of putting in the offer if possible. Consult with your REALTOR when pursuing this option.

A strong deposit helps your offer in that it is a show of good faith and that not only can you afford the home, but you will stand by your bid to buy it with the deposit that you are submitting with the deal. If you violate any terms of the deal or just decide to walk away as a buyer, the seller has a legal right to keep the deposit cheque (under certain conditions). Strong deposits strengthen a deal in a major way.

A quick closing date is an excellent feature to have with any offer as a seller can consider the fact that long closing dates mean more mortgage payments which ultimately effect the bottom line money in his or her pocket. Close quickly or within the sellers favoured closing date if possible.

Having an experienced REALTOR to help you in your bid to purchase a home in a multiple offer situation is invaluable to you as a buyer. A REALTOR's knowledge of the area, type of property, and experience in multiple offer situations can be the difference in helping you attain the home of your dreams in the face of stiff competition. Contact me with the information provided below and let me help you in every element of your real estate transaction.

Thanks and happy house hunting!

Garett

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Website: http://www.stylishcondo.com
Direct Phone: 416-837-9035
Office Phone: 905-949-0070
Email Address: garett.sutherland@rogers.com

Each Office Is Independently Owned And Operated

GTA May Resale Housing Sales Higher Than Last Year

2009-06-08T21:42:00.000-07:00

TORONTO, June 3, 2009 - In May 2009, Greater Toronto REALTORS® reported 9,589 sales,
up almost two per cent from May 2008 – the first annual increase since December 2007. The
seasonally adjusted annual rate of sales in May was 81,3001.

“The resale housing market in the GTA has remained resilient in the face of challenging times
globally,” according to TREB President Maureen O’Neill. “Many home buyers have taken
advantage of extremely low mortgage rates.”

The average price for May transactions was $395,609 – down less than one per cent compared
to the same month last year.

“The average resale home price has moved in line with last year’s level because of tighter
market conditions experienced this Spring,” stated Jason Mercer, TREB’s Senior Manager of
Market Analysis. “Home sales have increased strongly relative to new listings, bolstering home
prices.”

Sales Average Price Sales Average Price

City of Toronto ("416") 3,777 $432,478 3,711 $434,271

Rest of GTA ("905") 5,812 $371,649 5,700 $374,629

GTA 9,589 $395,609 9,411 $398,148

SUMMARY OF MAY SALES AND AVERAGE PRICE ‐ 2009/2008

Month Of May
2009 2008
Sales Average Price Sales Average Price
City of Toronto ("416") 3,777 $432,478 3,711 $434,271
Rest of GTA ("905") 5,812 $371,649 5,700 $374,629
GTA 9,589 $395,609 9,411 $398,148

Source: Toronto Real Estate Board

Think Garett First In All Your Real Estate Needs!

Garett D. Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Website: www.stylishcondo.com
Office Phone: 905-949-0070
Direct Phone: 416-837-9035
Email Address: garett.sutherland@rogers.com

Each Office Is Independently Owned And Operated

Making Money In Real Estate Part 2: Major Condo Project Investment

2009-06-08T00:00:00.000-07:00

Real estate interests are generally divided into two groups: users, and investors. The majority of those interested in real estate are users who are generally concerned with the utility of a property. Users will consider; is this home big enough to accommodate my needs, can I afford to live here, what are the local amenities of the area and so on. The investors interest is narrowed down to one issue - how much money can I make off of my investment in this property?

While a user can still look at their investment in their personal property from a money making standpoint, there is far more money to be earned from the calculated analysis of large scale projects that will produce a major return at a later date. Investors must receive info on important factors such as:

1. Location of the project
2. Amenities of the area
3. Current market conditions
4. Projected future market conditions
5. The reputation of the Builder
6. The payment schedule
7. Projected move in date
8. The buy in price
9. Floor plans of the unit(s)
10. Price of the unit
11. Possible assignment of unit(s)

REALTORS in the know with active knowledge of particularly hot condo projects are invaluable resources for investors in need of pertinent information. A REALTOR can help a first time investor, or multiple investor with inside info on up-coming projects of interest and wise council concerning investment.

So what is important to an investor in order to get involved in such a lucrative business venture? An investor needs to consult a REALTOR regarding up-coming hot condo projects in the downtown core of their local region. Timing is everything so the REALTOR has to inform the investor of when the broker preview day is, what the unit prices are, and provide floor plans, all in advance of the broker preview day so an informed decision can be made.

The investor should if possible, invest on the broker preview day. Preview prices are available exclusively to REALTORS and are much cheaper than the prices of the same units when they are made available to the public. Investment on the broker preview day assures the greatest possible appreciation on your investment and is therefore the smartest thing to do.

Investment in solid projects is one of the best ways to make moneyin real estate for many reasons.The major reason for this is thatall calculations and forecasts can be made in advance and risk canbe reduced through wise council. Investors may choose to keep and live in the property for a while and sell it later, lease the property and be a landlord for a short period before selling, or assign the property (sell it for a profit) to another party interested in it before it is constructed.

In the Greater Toronto Area, investors are definitely more privileged than in any of the other major North American markets as investment prices in major projects is comparatively low. If you are currently considering investment in one of these such projects the GTA and would like more info on major condo projects where you can make money, please feel free to contact me direct and I'll be more than happy to assist you in your ventures in real estate investment.

Let me help you make some money!

Think Garett First in Real Estate!

Garett D.Sutherland B.A. REALTOR
HomeLife/Response Realty Inc. Brokerage*
Office Phone: 905-949-0070
Direct Phone: 416-837-9035
Email Address: garett.sutherland@rogers.com

Each Office Is Independently Owned And Operated

Making Money In Real Estate Part 1: BECOMING A LANDLORD!

2009-06-06T14:51:00.000-07:00

There are lots of ways to make money in Real Estate, and becoming a landlord is one that many investors choose. If done properly, it can be a very simple and stress free way to add extra income on an annual basis.

HOW TO PICK THE RIGHT PROPERTY

In selecting a property, remember the number one rule in Real Estate: location, location, location! Be sure your investment is close to all amenities including public transportation (frequent bus service, subway lines, street cars etc...). Near proximity to grocery stores, shopping plazas, highways and built-up areas are conveniences that are invaluable to tenants and will get your property rented or leased quickly.Property features are also very important when selecting an investment. If you will be living in the property you rent, and renting out the basement for instance, make sure the home has a seperate side entrance. Even if you won't be living in the home, a seperate side entrance means you will be able to rent out the upper level and the lower level seperately and have a greater level of privacy for your tenants upon entering or exiting the building.Aside from the above features, adequate parking should exist on the property as well.

HOW TO GET THE RIGHT TENANTS

List your property on MLS for lease. You will pay the listing and co-operating REALTORS only one months rent divided by both of them (one half months rent going to the listing agent and one half months rent going to the co-operating agent). This will save you tons of headaches and I'll explain why.When co-operating agents who have buyers see your listing on the MLS system, they'll book appointments through the listing brokerages office and bring their buyers to take a look at your property. The listing agent will have affixed a lockbox to the property for easy access to the home. All REALTORS should be registered with the Real Estate Council of Ontario, and have insurance so theft or damages to the property would be covered when the home is shown. You don't have to worry about running back and forth to show your home, the agents will handle it.When a buyer is interested enough, an offer is usually submitted by fax. The listing agent will then present the offer to you and go over the details of the offer as well as the credentials of the potential tenant. The offer will include a rental application which shows previous employment history and contact numbers that your agent will check up on personally. A full credit report from equifax or trans-union showing credit history and beacon scores will also be included. A current job letter stating present income from an employer, a recent pay stub, and a letter of reference are the other elements included with the offer for your consideration and insure that you get a good tenant to lease your investment.Upon acceptance of an offer the buyer has 24 to 48 hours to submit first and last months rent to you in the form of a certified bank draft and 10 post dated cheques as well.

LETS TALK MONEY

If you bought a home right now that was listed for $300,000 and you bought it at $290,000 with $10,000 put in as downpayment and a 40 year amortization on a fixed rate mortgage, your monthly payment should be approximately $1,500 per month. On a variable rate mortgage it would be closer to $1,300 per month. You should examine how much you can rent the finished basement for based on rooms, square footage and what the rest of the local market is renting for when pricing your rental. An entire home for rent will make you more money, so consider your upper floors earning you a minimum of $1,000 plus per month depending on the above factors, and the basement increasing the income with a few more hundred to get you an even greater profit.At the end of your tenure as a landlord, in a few years, you can renovate your property accordingly and sell it to make even more profit on your investment. This of course depends on the market conditions at the time, but it is nice to know you have an investment that will pay you in more ways than one.

SUMMARY

Becoming a landlord can be a simple process if you take the proper steps to protect yourself and your investment. First, pick the right property with the best amenities to suit all your potential tenants needs. Make sure your investment has all the right features to it that will make it easy to rent and convenient for your tenants. Favorable features include seperate entrances and seperate facilities. Second, make sure you list your property on MLS and work with a REALTOR to ensure you get the best people to lease your home. Third, make sure you invest the proper amount when buying a property where you will see a good annual return through leasing it and a good return when you decide to sell it. Remember, you make your money in Real Estate when you buy a home, you realize your money when you sell.If you have any questions regarding any of the above information don't hesitate to call me and ask. I can be reached at 905-949-0070, and would be more than happy to answer any inquiries you have. Also, I often have investment properties for sale, so be sure to check my profile and my listed homes in the marketplace and feel free to ask me about them whenever you see one of interest to you. I am available to show them to you at your convenience.

Thanks, and let's make some money together!

Garett