Ada Wong

02/25/2022

Attention to all family home buyers!

Don't miss out the chance of getting this one of a kind custom built family home located in Richmond Hill (Bayview and 16th).

+ Grand 18' Foyer and Skylight.

+ Bright kitchen with large breakfast area.

+ Herringbone hardwood floor.

+ Huge Primary room with His/Hers closets, mini office, makeup room with sink, and ensuits bath with whirlpool bath & Skylight.

+ Large finished basement with fireplace, Sauna, wet bar, bedroom with 4pc ensuite, and reaction room.

Walk to two primary schools, park with splash pad, trail, arena, tennis & basketball courts.

Close to shops, restaurants, highways, transits, Go trains.

Check out the virtual tour.

Contact me for details.

02/20/2022

Happy to extend my work to help more people getting a home.

It's not easy for many people to find a home, especially when you are in transition to sell or buy a property. You need a temporary home as a tenant before closing.

If you are home investor and looking to lease your property and manage it at the same time, you need someone trusting to handle all the stressful work for you.

Contact EasyQuik for the solution. Easy and quick.

Happy Friday!

02/16/2022

We entered in mid-February already. To me, there’s no word to describe the current housing market.⁣
⁣
Among the agents, we know what’s happening at times like this. We feel it. We talk about it all the time, and we hear stories from colleagues at other brokerages. We’re making losing offer after losing offer with many of our buyer clients, watching them get more and more discouraged. We’re seeing some listings sell in mere hours as we scramble to find properties to show our clients.⁣
⁣
Average price increased on a month-over-month basis by a ridiculous 7.3% from $1,157,849 in December to $1,242,793 in January. This is the largest December-toJanuary increase in all the time that TRREB has tracked real estate stats. If that doesn’t impress you, then how about this: the average home price is up by 28.6% year-overyear!⁣
⁣
So, we are one month into 2022, and prices are already up 7.3% in a month. And that’s just in the GTA! In Durham Region, for example, the average home price went from $1,033,932 in December to $1,175,010 in January. That’s a 13.6% increase in a month!⁣
⁣
What do you think when you hear that?⁣
⁣
I would call it a Catching up with “market price” of other large cities in the world.⁣
⁣
Active listings also increased month-over-month. Last month saw 4,140 active listings by month’s end, up by 28.0% from the paltry 3,232 active listings recorded in December. However, those 4,140 active listings in January are the lowest number of active listings in any January, ever. Year-over-year, active listings are down a comical 44.0% from the 7,396 recorded in January of 2021.⁣
⁣
My last word, Inventory Shortage!
⁣
Have fun catching up with the rest of February!

02/14/2022

Wishing everyone a wonderful day with lots of love ❤️

To love and be loved is a blessing 💖

02/12/2022

Welcome to a sunny Saturday with lots of sunshine.

It's been more than two years for us to be in the pandemic. For those who have been working from home since then, have you thought of renovating your working area?

Which style would you pick if you are going to renovate your home office?

02/10/2022

Do you think Toronto is cheaper is live or Vancouver?⁣⁣
⁣⁣
Toronto is now the most expensive market for real estate, beating out Vancouver for the top stop for the first time in decades.⁣⁣
⁣⁣
The Royal Bank of Canada (RBC) published an analysis earlier, showed Toronto’s composite MLS home price index benchmark of $1.260 million was edging out Vancouver’s benchmark price of $1.255 in January.⁣⁣
⁣⁣
“It’s a stunning development though not entirely surprising considering how hot the Torontoarea market has become, especially since the fall,” RBC Senior Economist Robert Hogue wrote in his report.⁣⁣
⁣⁣
Hogue said that Toronto’s real estate market did not slow down even amid the spike in COVID19 cases this winter, pandemic restrictions and the major January snowstorm.⁣⁣
⁣⁣
He adds that the price surge comes down partly to competition between buyers.⁣⁣
⁣⁣
“Buyers are especially fond of single-family homes (prices are up an astounding 36 per cent y/y, with gains exceeding 40 per cent in Durham and Peel regions) but also increasingly interested in condos (prices up 26 per cent y/y).”⁣⁣
⁣⁣
“Intense bidding wars have pushed prices to new heights both in level ($1.260 million for the composite MLS HPI benchmark) and rate of increase (33.3 per cent). In fact, the Toronto area has now become the priciest market in Canada,” he said.⁣⁣
⁣⁣
We hope that the market will cool off later this year due to higher interest rates. However, with the shortage of inventory, higher interest rates might not be able to cool down the market too much.⁣⁣
⁣⁣
We will expect tight demand-supply conditions will maintain considerable upward price pressure on all housing types in the near term.

02/08/2022

It's a good Tuesday to be outside.

No more road blockages but lots of police cars in the area around Queen's Park and the hospitals.

Have a great sunny and warm Tuesday.

02/07/2022

If you want to live a happy life, you should not keep yourself subjected to any particular person or thing.⁣
⁣
Last week, I was helping a client but she ended up in a hospital being sick. Then, I felt the emptiness and the sad emotion made my mind gone for a moment. I even lost my enthusiasm in other fun things. ⁣
⁣
Too often, we expect too much from people around us and it is not un-usual that we go on expecting from people that may end up betraying us and we end up losing everything and feel heartbroken. ⁣
⁣
It is essential to learn that in order to lead a happy life, we need to stop expecting from people. The best decision that we can ever take is to expect not from any particular person or thing but to expect from our own selves. ⁣
⁣
We should always engage ourselves to achieve a goal and thus, set up a target to reach up to that level of success. ⁣
⁣
This way, we can engage our minds towards some fruitful things instead of wasting our time upon useless things and people that would make no sense at the end of the day.⁣
⁣
When you set up a target for yourself, you get the provision to set it as your expected target, and thus, you have the purpose of living your life. As a result, you get the privilege to keep working to attend your goal. ⁣
⁣
This way, you will be able to keep yourself busy in things that make sense and something that will ultimately do good to your future. ⁣
⁣
Always keep yourself motivated and if you actually want to be happy in the true sense, you will have to work for yourself.

02/05/2022

Saturday night at a park for a short walk.

Have a great weekend.

02/03/2022

Before interest rate increases, why not checking out what is available in the market. It's never too late to buy.

02/03/2022

Proudly presenting adawongrealtor.com. via

Let's make real estate a breeze!