GTA Real Estate Market Watch 07/21

By: The Jean-Jacques Real Estate Group

GTA Real Estate Market Watch 07/21

Tags: Average Home Price, Home Sales, GTA Real Estate, GTA Real Estate Market

JULY 2021 – June home sales were up compared to last year, but remained below the March 2021 peak and were lower than the number of transactions reported for May 2021, consistent with the regular seasonal trend. The average selling price in June increased by double digits compared to last year as well, but the annual rate of increase moderated compared to the previous three months. Greater ...Read More

The Latest Options in Outdoor Lighting

By: The Jean-Jacques Real Estate Group

The Latest Options in Outdoor Lighting

Tags: Home Improvement, Outdoor Space, Good Lighting, Outdoor Lighting

Outdoor lighting has come a long way from the days of patio lanterns and strings of lightbulbs. These days, there’s an exhaustive array of options available to illuminate your outdoor space and make it more appealing and comfortable, particularly in the evenings. Here are just a few ideas: Solar garden lights. These lights are on stakes that can be easily inserted throughout the garden. Po...Read More

Should You Reclaim the “Lost” Bedroom?

By: The Jean-Jacques Real Estate Group

Should You Reclaim the “Lost” Bedroom?

Tags: Extra Bedroom, Home Buying, Home Staging, Bedroom Renovation

Do you have an extra bedroom that you’ve converted into a home office, arts and crafts room or other non-slumbering use? If so, you may be wondering if you should convert it back into a traditional bedroom before you list. According to home staging experts, that may be a good idea. Although buyers will know the space was designed as a bedroom, there will be a psychological response to seei...Read More

Terminology Tip: GDS & TDS ratios vs Mortgage Stress Test

By: The Jean-Jacques Real Estate Group

Terminology Tip: GDS & TDS ratios vs Mortgage Stress Test

Tags: Gross Debt Service (GDS) ratio, Total Debt Service (TDS) ratio, Mortgage Stress Test

The Gross Debt Service (GDS) ratio and Total Debt Service (TDS) ratio are the two basic measurements that Mortgage Lenders use to determine if a borrower can afford to carry mortgage payments on a house. The GDS ratio compares the borrower's gross income to the expenses of carrying mortgage payments (principal and interest), including costs such as heat, prop...Read More

GTA Real Estate Market Watch 06/21

By: The Jean-Jacques Real Estate Group

GTA Real Estate Market Watch 06/21

Tags: Average Home Price, Home Sales, GTA Real Estate, GTA Real Estate Market

JUNE 2021 – Residential transactions reported through TRREB’s MLS System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.   Greater Toronto Area REALTORS reported 11,...Read More

Does the Property Meet the “Lifestyle Test”

By: The Jean-Jacques Real Estate Group

Does the Property Meet the “Lifestyle Test”

Tags: Lifestyle Test, Ideal Property, New Home, Friendly Neighborhood

Lifestyle is a very important criterion when you’re shopping for a new home. After all, a home and its surrounding neighbourhood are the places where much of your lifestyle is going to be experienced.   So when you consider a new home, think about the kind of lifestyle to which the property needs to lend itself. Ask yourself: How much entertaining do we do? How important is it to ha...Read More

Know Your Smoke Detectors

By: The Jean-Jacques Real Estate Group

Know Your Smoke Detectors

Tags: Photoelectric Detector, Ionization type Detector, Home Safety, Home Improvement

For most people, smoke detectors are simply taken for granted. But, when it’s time to replace your smoke detectors, be sure to understand the differences between the two main types. Ionization types use a battery to create a small current that charges the ion particles inside the detector. If that current is disrupted by smoke, an alarm is triggered. Though they are designed to detect all t...Read More

Terminology Tip:

By: The Jean-Jacques Real Estate Group

Terminology Tip: "Bully Offer"

Tags: Pre-emptive Offer, Negotiating Strategy, Bidding Wars, Consumer Protection Legislation

When a Seller's Realtor lists a property for sale on the public market using the Multiple Listing Service (also known as the MLS), they typically employ one of three property pricing strategies: 1) List the property above market value, leaving some room for negotiation. 2) List the property at market value with the goal of accepting nothing less t...Read More

GTA Real Estate Market Watch 05/21

By: The Jean-Jacques Real Estate Group

GTA Real Estate Market Watch 05/21

Tags: Average Home Price, Home Sales, GTA Real Estate, GTA Real Estate Market

MAY 2021 – Home sales in the Greater Toronto Area (GTA) set a new record for April and amounted to more than quadruple that from April 2020 – the first full month of the pandemic. Bucking the regular seasonal trend, April 2021 sales actually declined month-over-month. A similar trend was noted for the number of new listings reported.   GTA REALTORS reported 13,663 sales through TR...Read More

A Connected Home Helps Us Make Smart Choices

By: The Jean-Jacques Real Estate Group

A Connected Home Helps Us Make Smart Choices

Tags: Whole-home Systems. Home Improvement, Household Utilities, Home Automation

It’s been long predicted, but the time has finally come when whole-home systems can provide a network to allow the electronic features and fixtures of your home to talk to one another. Often a family’s first such network involves controlling and sharing subscription services for movies, TV, and music among personal devices. Home hubs are the next logical step beyond streaming services...Read More