GTA VIP Homes | Cyrus Zandian

08/17/2024

https://cyrus-zandian.wearehallmark.com/market-report-v?municode=

Real Estate Market Report, information and statistics updated monthly based on Tronto Real Estate Board data

07/12/2024

July 2024.

Dear Homeowner/(s),

In June, 6,213 homes were sold. Despite a slowdown in activity, there are still active buyers in the market. Homes that were priced at market value in June sold for an average of 100% of the asking price within 20 days. The average home price for the first six months of 2024 was $1,130,744, showing a 0.4% increase since the beginning of the year, which suggests that prices are not declining as anticipated.

Let me be clear: those are average prices! Several segments of the market are not holding up as well, and thus, exciting investment opportunities exist in the marketplace today. Condominiums in 416 are down .9% year over year and down 2.6% in the 905 area. There are also a lot of condos for sale, a 6-month supply, vs other home types with only a 3-month supply. Put a different way, only 1 out of 6 condos are selling vs 1 out of 3 other types of homes are selling. This represents a great opportunity for first-time buyers, those looking to downsize and especially for those who are looking to purchase investment properties. If you have a child who will be moving out to live downtown while they go to university, now might be a good time to explore your options.

If you are looking to buy, it's important to note that there is a good supply of homes available and great opportunities exist in the market. Don’t hesitate to act because interest rates are expected to drop, and the market will become active again!

"If you know anyone who is thinking of buying or selling, I would appreciate it if you could refer them to me. I will take extra good care of them! If you have any questions, please feel free to call, and let's chat. After all, you have a friend in real estate!"

Wishing you a great July 2024.
Your Friend in Real Estate.

Cyrus Zandian
SRS, RENE, ABR®, Sales Representative
RE/MAX Hallmark Realty Ltd., Brokerage
☎️ Office: 416-494-7653
📱 Direct: 647-678-3101
E-mail: [email protected]
http://www.CyrusZandian.com
cyrus-zandian.wearehallmark.com

06/14/2024

06/06/2024

June 2024

Dear Friend,

The Bank of Canada has reduced borrowing rates by 0.25%, signalling a positive move. Experts anticipate a continued decline in interest rates over the next 2 years. Many potential home buyers have postponed their purchasing decisions in anticipation of reduced mortgage rates. As borrowing costs decrease over the next 24 months, it's expected that more buyers, including first-time buyers, will enter the market. This influx of buyers could also free up much-needed rental units, which have experienced significant rental increases due to a shortage of supply.

However, it's important not to assume that the real estate market is stagnant. In May 2024, 7,013 homes were sold through the MLS system at an average price of $1,165,691. The average sale price for the Toronto Real Estate Board, as of the end of May 2024, stands at $1,124,377. The average sale price in May 2023 was $1,126,331, indicating minimal change in prices. The inventory of homes for sale in May 2024 was 21,760, an 83% increase compared to May 2023.

This substantial inventory has been a critical factor in maintaining stability in home prices. In May 2024, the average home sold between 96% to 107% of the asking price within 19 days of being advertised at the correct price. The demand for home ownership remains strong.

As borrowing costs decrease and demand increases, we may see renewed upward pressure on home prices due to heightened competition among buyers. How can you benefit from this information?

- If you can qualify with the current rates, consider entering the market before prices begin to rise.
- The large inventory presents an opportunity to choose from a variety of homes.
- There are good buying opportunities in the residential and investment property sectors.
- Take advantage of the downward trend in borrowing rates.
- Keep in mind that the realtor plays a significant role in the difference between the sale and asking prices.

As an experienced and knowledgeable expert, I can guide you through this process and serve as your friend in real estate. Feel free to reach out if you have any questions. I would love to chat with you!

Wishing you a great June!
Your Friend in Real Estate.

Cyrus Zandian
SRS, RENE, ABR®, Sales Representative
RE/MAX Hallmark Realty Ltd., Brokerage
☎️ Office: 416-494-7653
📱 Direct: 647-678-3101
E-mail: [email protected]
http://www.CyrusZandian.com
cyrus-zandian.wearehallmark.com

05/11/2024

Your Property Listing DIDN’T SELL!
Your Property Listing TERMINATED …. OR …. EXPIRED?
Need HELP for your Listing From SALE …. To SOLD?

Don’t be disappointed because your property didn’t sell despite multiple attempts.
Now, you need not to worry as Cyrus Zandian SRS, RENE, ABR® is a specialist in selling properties that have been struggling to SELL.
With Vast Real Estate Knowledge, Selling and Buying Real Estate Experiences and a Proven Real Estate Marketing Strategy, Cyrus can attract the Right Buyers to get YOUR PROPERTY SOLD in a hassle-free manner and ensure your successful result Listing YOUR Property Sales FAST and for TOP DOLLAR.
Don't let a setback hold your Goal from achieving your property listing FOR SALE …. To …. SOLD
Contact Cyrus Zandian today at 647-678-3101 to get your property back on the market TO SELL FAST AND FOR TOP DOLLAR.

Cyrus Zandian
SRS, RENE, ABR®, Sales Representative
RE/MAX Hallmark Realty Ltd., Brokerage
☎️ Office: 416-494-7653,
📱 Direct: 647-678-3101
[email protected]
http://www.CyrusZandian.com
cyrus-zandian.wearehallmark.com

05/11/2024

Wishing a very Happy Mother's Day to all the Amazing MOMs out there!
“MOTHER”! is the most Powerful Designation on this Planet!
Because of you, we know what it means to Love Unconditionally and make a House a Home.
Love, Sacrifice, and Unwavering support have shaped every corner of our Lives.
We know who really makes it a home, whether you're in a Mansion or a Cozy Apartment.
Who knows how to turn a House into a Home without a Renovation Loan or a For-Sale Sign?
The true foundation of HOME isn’t Concrete; it’s our mother's womb, which carried us for 9 Months!
Their efforts in making our Home a place of warmth and comfort.
Multitasking, pro–cooking, Cleaning, and Still managing not to Lose her mind.
We celebrate YOU - for all the Sacrifices, Love, and Joy you bring into our Lives.
Our life planners, dream supporters, and love providers.
Thank you for being the guiding light and the foundation of our lives.
Superheroes wear Capes, but MOTHER rocked a Maternity DRESS.
Who needs Google when you have a MOM who knows Everything?
Here's to Celebrating the Irreplaceable Mother who made me who I am today!
Her endless support laid the Foundations of my Dreams and Aspirations.
Thanks to her, I learned that the best homes are built on Love, Patience, and Perseverance.
Where would we be without our foundation?
Not just the bricks and beams but the love and dreams.

03/20/2024

To All My Friends, Celebrating Nowruz!

Happy Nowruz 2024

Wishing you a wonderful Nowruz with your loved ones and Family

May this Nowruz bring You,
Prosperity, Love, Joy, Health, Success, Wealth and Happiness

May the flowers fill your heart with beauty
May your life always twinkle like the stars
May you always taste success throughout the year

Har Ruz etan Nowruz, Nowruz etan Pyrouz
هر روز تن نوروز، نوروز تن پیروز

Best Nowruz wishes from.
Maya, Meher, Mandana and Cyrus Zandian

03/10/2024

March 2024.

Dear Homeowner/(s),

“Spring is here! In February, the real estate market was busy as buyers took advantage of the good weather to purchase homes. Realtors sold a total of 5,607 homes, which is a significant increase of 17.9% compared to February 2023. The average price of these homes increased slightly by just over 1%, reaching $1,108,720. Although more listings became available, there are still only 9,643 listings, which means there are only 2 homes available for sale per buyer.

Buyers in March are experiencing less choice and stiffer competition when buying, which always results in higher prices.

Please keep in mind that the following numbers are just averages. The Greater Toronto Area (GTA) is a vast and diverse market, with various types of neighbourhoods, housing styles, and price ranges. Despite the current market saturation, there are still significant opportunities available, and we all realize that property prices will continue to rise in the coming years. The GTA is growing at an incredible pace, thanks to the booming economy and continuous immigration from other parts of Canada and beyond. It's worth noting that Gen Z, the generation born in 1995, now represents 20% of the population, and they're already starting to move out independently, putting additional pressure on the rental market. As a result, rental rates have sharply increased, and prices are expected to rise further due to the shortage of supply.

Owning your own property is a smart investment that provides long-term security. With the growing demand for properties, it's important to take charge of your future and secure your own plot of land. Remember, owning property is a way to ensure a stable financial future.

Let's discuss the opportunities available to you and your family and determine if they can help secure a better future. Please give me a call. Have a great March!

Your Friend in Real Estate.

Cyrus Zandian
SRS, RENE, ABR®, Sales Representative
RE/MAX Hallmark Realty Ltd., Brokerage
☎️ Office: 416-494-7653
📱 Direct: 647-678-3101
E-mail: [email protected]
http://www.CyrusZandian.com
cyrus-zandian.wearehallmark.com

P.S. If you know someone considering buying or selling, please let me know. I will take extra good care of them!

02/26/2024

Hello there!

I wanted to share some exciting news about the LAST FREEHOLD REAR TOWNHOUSE - PHASE 2 - MATTAMY HOMES - SPRINGWATER IN MARKHAM that's currently available at the builder's price.

If you're interested in learning more about this property and would like to receive Brochures, Price lists, Site plans, Floor plans, and Information on other lots, including Detached homes with Double-car garages, please don't hesitate to Contact or Text Cyrus Zandian on 647-678-3101.

Please note that availability is limited, and properties are being sold on a first-come, first-served basis. So, if you're interested in securing your dream home.

I recommend reaching out promptly to Cyrus Zandian at 647-678-3101 and scheduling your visit to the presentation center.
Thank you for considering this opportunity and let me know if you have any questions or concerns.

Cyrus Zandian
SRS, RENE, ABR®, Sales Representative
RE/MAX Hallmark Realty Ltd., Brokerage
☎️ Office: 416-494-7653
📱 Direct: 647-678-3101
E-mail: [email protected]
http://www.CyrusZandian.com
cyrus-zandian.wearehallmark.com