Tyler Tim Realtor

Markham has the highest number of condo buyers in the 905 regions, Oakville being the second highest.  The number of Canadian buyers is decreasing and thus, it has dropped from    199,800 in July to  192,400  in August. The vast majority of the new homes on which construction began were high-rise condos (110,800) compared to new low-rise homes (64,800) as intensification continues its march skyward in the country’s major urban  centers . Housing starts in Toronto were down slightly in August to 30,093 on an annualized basis, compared to 32,449 in July, mainly due to a slowdown in high-rise starts, said CMHC. Building starts have slowly been trending lower across the GTA as the record number of condo units sold in 2011 get built out and sales of new projects remain well below those record levels. There was strength in the suburbs such as Markham, however, which recorded 460 units started in August. Oakville was second at 331 units. That...

The Best Time to Sell As you probably know, spring is most commonly believed to be the best time to sell. It’s the most agreeable weather for showings and most people want to get settled before summer.. Consider professional staging as a way to make your home stand out if forced to sell in this high-competition season. The Worst Time to Sell Yes, the holiday season is not the ideal time to sell. People are busy or stressed out and are prioritizing family and holidays rather than home buying or selling. Mid December to mid January is the highest travel season, and thus there are fewer buyers around to view homes. There’s also the perception that you are desperate or need to sell if you are listing your home during this time. Buyers will try to be more aggressive with you as a result.  Show off Your Home’s Best Assets Sell when the features of your home have the most impact. If you have a pool with beautiful stone work or tiling, be sure to sell your home i...

There are a few factors that make it harder to buy a house. A few such factors are, getting a fair price, calculating mortgage rates and figuring out closing costs. However, a REALTOR® can guide you through the home buying process and transform this confusing experience into one of the most exciting times of your life. A REALTOR® is a professional who brings buyers and sellers together for the sale of a property. REALTORS® have access to the Multiple Listing Service® (MLS®) which is Canada's most powerful real estate marketing system. This service provides REALTORS® with a large number of lists that most likely contain within them your dream house. Selecting a REALTOR® There are a several ways to find a REALTOR®. One of the best ways is to ask your friends, relatives and  neighbors  if they can recommend a REALTOR® with whom they have worked in the past. It’s a good idea to talk to more than one REALTORS® to find out which one fulfills your list of needs and w...

Ontario builders will be allowed to construct six-storey buildings out of wood starting in 2015, the province announced Tuesday. The limit for wood-framed buildings has been four storeys. Politicians from Northern Ontario have pushed for the change for years, hoping that it’ll spur demand for northern lumber. Advocates of wood construction say that rules requiring steel or concrete skeletons for taller buildings are obsolete in an era of “engineered” wood products, now that layers of wood can be laminated together to make beams and joists whose properties are as predictable as any steel beam. “It is gratifying to see Ontario listening to the needs of Northern communities with today’s announcement,” said Liberal Natural Resources Minister Bill Mauro, who represents Thunder Bay-Atikokan. “The goal of increasing the use of wood in Ontario’s construction industry has been achieved.” Critics say cutting down trees isn’t environmentally friendly and masonry buildings last a lot ...

A few of the factors are very important in selling your house at a higher price, i.e.; location, condition of your home, and price. Location affects the value of a home, but it is the price that sells a home. Oceanfront, mountainside, or penthouse, the most desirable location in the world won't sell at the wrong price. There are buyers out there in the market that want their new dream homes in the best locations, locations that are well known, surrounded by the shopping  centers  and that have an easy access to the bus stations or that are closer to an individual’s workplace. A good location will sell at a fair price. A bad location will sell at a fair price, too. It just won't be as a high as it would be for a good location. A good condition home will always sell at a fair price; however a home that is not maintained well, might sell at a lower price. But neither location or condition will sell any house. Only one thing does that - price. Price of the homes g...

If you are thinking of selling your home a sign on your lawn is of paramount importance, although a well-thought-out marketing plan is also essential. Your REALTOR®   Marketing your home through a REALTOR® is very important as it opens a lot more doors for your home to sell fats and a higher price. The Multiple Listing Service® (MLS®) is also a vital component in the selling process. One of the first things your REALTOR® will discuss with you is a marketing strategy designed to give your home maximum exposure. Your REALTOR® might already know a number of interested parties for your property and thus, will ensure you get the right price of your property. In today's market it is essential to price your home realistically. To set the price right, your REALTOR® will prepare a Comparative Market Analysis (CMA). Through this thorough, objective evaluation process, he or she will suggest a price range for your home, which will reflect current market conditions. One of the mai...

First-time home buyers face several challenges, including the need for a down payment and the financial stability to qualify for a home loan. Before you buy a home, look for a several factors!!! Know Your Market Get an idea of a price range where you want to buy your first home. Best way to find a home is to search online and contact a REALTOR® who can help you focus on your priorities. If you can explain what appeals to you about a particular location, a REALTOR® with local knowledge can identify similar neighborhoods that may have less expensive homes yet matches your wish list. Shift Your Priorities You may need to compromise on a few things form your “wish list” in order to live in a neighborhood that is out of your budget. “Some first-time home buyers opt for a condominium because it can be less costly and require less maintenance, but it’s important to remember that a condo also has a monthly condo association fee that will be part of your housin...

Canada’s economy is expected to continue to grow, but at a slow rate. However, the job growth is expected to grow slowly, but still acceptable in 2014. The slower job growth is not expected to slow the real estate market, as per the survey experts, the real estate market the optimistic for a profitable 2014. This year's survey indicates that capital will be available. The investment market is expected to remain strong in 2014 as both domestic and non-domestic investors find the Canadian real estate market attractive. Any change in the investment market could see a change in the most active acquirers as different investors adjust their return expectations. Urbanization may continue as a dominant trend in 2014 and with it generate the opportunity for redevelopment of urban locations and the rise in mixed-use projects. A number of retailers are expected to continue top ad more and more locations across GTA and Canada, which will boost the retail market by a large margin. D...

As the boom of condominiums continues to take hold in 905 different regions, Markham has lead the way for new housing which has started in August. According to figures released by the Canada Mortgage and Housing Corporation, Oakville has recorded the second-highest number of high-rise after the city of Toronto. One of the major indicators of economic health and activity is Canadian housing. The rate of Canadian housing has dipped from 199,800 units in July to 192,400 units in August on an annualized basis.   High-rise condominiums are the majority of the new homes on which the construction has begun at approximately 110,800 units compared to new low-rise homes which are about 64,800 units. If this intensification continues to march skyward we will soon have a bigger gap between the two types of housing.

You think you are paying too much for your condominium apartment. Well think again, because this blog will enlighten you to Canada’s most expensive condominium. With an asking price of $33 million for Trump Toronto’s penthouse, it is officially the most expensive and concrete box nationwide. The “Super Penthouse” at the Trump Toronto hotel, in the city’s Financial District, spans three floors and has panoramic views of the city from 58 storeys up. With 11,755 square feet of space, it is several times the size of the average Canadian home. However, this is not enough; there is the 2,091-square-foot wrap-around terrace. There are high chances that the buyer of this condominium will be a foreign investor either from Asia, Russia or the Middle East. Although the price seems up soaring at the moment, it is actually very cheap if compared to the prices in Hong Kong or New York. The empty penthouse would make a perfect party space for the upcoming Toronto International Film Festival....