Linda Gutoskie, Sales Representative

Linda Gutoskie, Sales Representative With both new home and resale experience, I can help you find a home that you will love. Let's get together to chat about what your requirements are.

04/30/2019

First Quarter for 2019:
“The stress test continues to impact home buyer’s ability to qualify for a mortgage. TREB (Toronto Real Estate Board) is still arguing that the stress test provisions and mortgage guidelines generally, including allowable amortization periods for insured mortgages, should be reviewed.” Garry Bhaura, TREB President.
“Market conditions have remained tight enough to support a moderate pace of price growth,” Jason Mercer, TREB’s chief market analyst. “Despite sales being markedly lower than the record levels of 2016 and early 2017, the supply of listings has also receded,” which is providing support for prices, he said.

Total Residential Transactions (GTA) - March 2018— 7,188.
March 2019—7,187 a 0% increase.
Monthly Transactions - February, 2019 — 6,203.
March, 2019 — 6,311 a 1.7% increase over Feb/19.
Year over Year average price increase from March 2018 to March 2019 is 0.5%.
Year over Year from March 2018 to March 2019 total new listings was
minus 5.1%.
GTA Rental market:
* average 1 bedroom rent was up by 7.4 % to $2143.
* average two bedroom rent was up by 6% to $2811.

SO MODERN, SO UPSCALE, NEW CONDOS & TOWNHOMES: Location - 9th Line and Main, Stouffville.* stunning lobby to we...
03/26/2019

SO MODERN, SO UPSCALE, NEW CONDOS & TOWNHOMES:


Location - 9th Line and Main, Stouffville.

* stunning lobby to welcome your guests,
with 24 hour concierge.
* 2 or 3 bedroom suites, from 1245 to 2200 sq. ft.
* priced from $839,990 and up. (subject to change)
* tentative occupancy date is 2021.
* pet friendly rules and regulations apply.

* Amazing Amenities: - large multi-purpose party room, landscaped outdoor terrace with seating, multifunctional fitness center, virtual golf simulator, steam room, entertainment theater, library lounge, media lounge, children's play room, boardroom work space, guest suites, pet wash stations.

** Special Incentive promotions are available for a limited time only.**

• CALL ME (416-450-2001), for a private viewing of this site. We can discuss your needs. I can show you floor plans, site plans, talk about the deposit structure, help you get financing, and refer you to lawyers, if required. I can also help you with the sale of your current home, if applicable.

03/26/2019

Renovation Permits:
If you are choosing to renovate your home, a building permit will be required. This ensures that the home is up to code with any safety regulations, such as health and structural requirements. It is also required to ensure that the renos are within any municipal regulations, including zoning and heritage property determinations.

03/26/2019

OVERVIEW FOR 2018:
The Toronto Real Estate Board reported a 16.1% decline in sales compared to 2017. The overall average selling price for 2018 transactions was down 4.3% year over year for all home types combined across the Toronto Real Estate Board market area.
Home prices were up slightly in the City of Toronto, but down in the surrounding GTA regions. The condo market performed very well, and the average sales price was up 7.8% year over year.
"Higher borrowing costs coupled with the new mortgage stress test certainly prompted some households to temporarily move to the sidelines to reassess their housing options. With this said, it is important to note that market conditions were improved in the second half of the year, both from a sales and pricing standpoint," said Garry Bhaura, TREB President.

“Price growth was strongest for less-expensive home types, as many home buyers sought more affordable home ownership options," said Jason Mercer, TREB's Director of Market Analysis.”
Hopefully 2019 will bring a balanced market.

01/01/2019

HAPPY NEW YEAR TO ALL!
MAY 2019 BRING YOU ALL THE HAPPINESS, LOVE AND PROSPERITY YOU DESERVE! 🥰🥰🥰
LINDA

11/08/2018

The Toronto Real Estate Board is reporting a six per cent increase in home sales last month compared to the same month a year earlier, with strong demand for condos and low-rise units.
The emerging seller's market for homes was strongest in the city of Toronto, driven by a 10.9 per cent increase in the home price index for condos, which compares an equivalent unit from year to year.

The average sale price of a home for October 2018 in the GTA was up 3.5 per cent on a year-over-year basis to $807,340.
The average sale price for a condo was $603,153 in Toronto, compared to $461,013 in the 905. That's a 4.1 per cent change year over year in the average price.
A detached house in Toronto came with an average price tag of $1.3 million, compared to $914,000 in the 905, reflecting a more modest increase of one per cent.
Supply of homes is tightening, with sales up and new listings down, according to TREB President Garry Bhaura. There were 14,431 new listings in the GTA in October 2018 — down 2.7 per cent compared to October 2017.
The market cooled in the spring when the federal government introduced new stress tests for homeowners and borrowing costs rose. Further interest rate hikes are expected in the coming year. But Baura remains optimistic about real estate sales, though he doesn't expect a return of the 2016 boom in housing prices.
"Many households in the Greater Toronto Area remain upbeat on home ownership as a quality long-term investment. A strong regional economy and steady population growth will continue to support the demand for housing ownership as we move into 2019," Bhaura said.

08/30/2018

July 17, 2018 -- Toronto Real Estate Board President Garry Bhaura announced that the average selling price for condominium apartments sold through TREB's MLS® System in the second quarter of 2018 was up by 5.4 per cent year-over-year to $561,338.
The highest average selling price was in the City of Toronto, at $603,480 – up 6.5 per cent compared to Q2 2017.

TITLE INSURANCE:Title insurance protects you with issues or problems that arise against the title of your home.Any probl...
06/26/2018

TITLE INSURANCE:

Title insurance protects you with issues or problems that arise against the title of your home.

Any problems with title must typically be cleared up before closing for the new buyer of a property.

Title insurance policies can be issued in favor of a purchaser on new homes, resale homes, condos or vacation properties. The lender, or both the purchaser and lender can be covered.

Some of the risks that are frequently covered under a title insurance policy are: survey irregularities; forced removal of existing structures; claims due to fraud, forgery or duress; unregistered easements and rights of-way; lack of pedestrian or vehicular access to the property; work orders; zoning and set back non-compliance or deficiencies; etc.

For a risk to be covered, usually it has to have existed as of the date of the policy. As with any type of insurance policy, certain types of risks might not be covered, for example, native land claims and environmental hazards are usually excluded. Be sure to have your lawyer explain what risks are covered or excluded.

When the title insurance is covering the lender, the policy remains in effect as long as the mortgage remains on title. A lender covered under a policy is insured in the event they experience an actual loss or damage with respect to a risk covered under the policy. Lenders are usually covered up to the principal amount of the mortgage.

The premium for title insurance is paid once, typically at the time of purchase. Usually the purchaser of the property pays for the title insurance, though there can be situations where the seller pays for it.

Title insurance can help ensure that a closing is not delayed due to defects in title. If an issue relating to title arises with respect to a problem covered under the policy, the title insurance covers the legal fees and expenses associated with defending the insured's title and pays in the event of loss.

CANADA DAY CELEBRATION IN MARKHAM - JULY 1ST/18Come out for a full day of fun and activities:* citizenship ceremony* se...
06/22/2018

CANADA DAY CELEBRATION IN MARKHAM - JULY 1ST/18

Come out for a full day of fun and activities:
* citizenship ceremony
* senior's luncheon
* people's parade
* fireworks at sunset
* Milne Dam Conservation Park Celebrations
markham.ca/canadaday

CREATE CURB APPEAL BEFORE SELLING YOUR HOME: * look at the homes below to see what a great job they did with plants and ...
06/20/2018

CREATE CURB APPEAL BEFORE SELLING YOUR HOME:
* look at the homes below to see what a great job they did with plants and flowers.
* keep the lawn and shrugs trimmed.
* no weeds allowed:))
* plant flowers in pots for color.
* repair anything that needs repairing like cracked windows, fallen fences, loose screens, broken light bulbs, etc.
* unclutter the yard and garage.
* clear all pathways of debris.
* clean out the eaves.
* paint the doors, garage, trim and shutters in
one color only.
* a decorative wreath and welcome floor mat can add appeal.
* power wash siding.
* spot lights on your flowers can add interest.
* don't forget the back yard!
* first impressions are important and worth the effort.

Address

4560 Highway 7 East, Suite 800
Markham, ON
L3R1M5

Telephone

+14164502001

Website

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