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The Not so Classified G20 Toronto Real Estate Report

Courtesy of paul Indrigo, Sales representative

O N L Y S O U R C E Y O U W I L L E V E R N E E D F O R T O R O N T O R E A L E S T A T E I N F O C o u r t e s y o f : U n i q u e T o r o n t o . c o m & L o f t S e l l e r s . c a T H E

july E-NEWS 2010.

The results are in. Did the Toronto real estate market lose its marbles thanks to the G20 conference? NO. If you believe everything you read about real estate (remember...there is a BIG difference between advice and opinions), you’d think that we really did have a 23% drop in sales in one month. If you believe that, I also saw Elvis and Bruce Lee at Blue Mountain last week sparring :) The problem lies in accuracy. Chances are most of you read the first line from this recent TREB posting...not the ones following it. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009. For even more accuracy I closely watched the area immediately affected by the riots etc (C01-condos/lofts) and looked at April to June stats. As you can see, the drop in average price from May to June was approx 3% (hardly newsworthy). Seeing as the increase from April to May was approx 3%, guess what….all is good in the world. If you need specific info on certain areas and how they were affected, my consulting services are available. As always, if you are a ViP, this is part of your loyalty program and no charge.

JULY 2010 e-news

In this issue: The Not so Classified G20 Toronto Real estate report

1

Mortgage Updates are all a-twitter

2

Market Update

3

Current Promotions./Air Miles Offers/Hot Spaces

4

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Paul Indrigo, Sales Representative

Century 21 Regal Realty, Inc. Brokerage. Independently owned & operated. 1291 Queen St West Toronto, ON Tel: 416-849-5360 Mobile: 416-823-2705 Fax: 416-981-7884 E-mail: paul.indrigo@century21.ca

How do you find a great mortgage specialist? These days, its those who tweet...

I have to admit it. I never saw myself as one who would benefit from Twitter or Facebook in early 2009. That just tells you how loyal I am to my systems...perhaps too loyal. After some much needed 1on1 from instructors and amazing clients like (http:// www.twitter.com/alanlepo), it has redefined my business approach. Along with this, it has changed the way I communicate with business partners. For most, arranging a mortgage is a painful reality. Luckily, a few pros are making it easier than ever to get the right information when you need it. Normally, a call to a bank on a Sunday is like calling an empty telephone. All of the pros mentioned here have been stellar in their response time and have been extremely proactive in their business planning. Lets start with Marcy Berg (http://www.twitter.com/MarcyBerg) and (http:// www.twitter.com/Mortgagesforwomen). This lady is a human dynamo. Very approachable, humble yet focused like a laser. She just helped some of my best friends and clients with a complicated move and got huge kudos. Her end of fiscal year party just happened to take place at the Bon Jovi show this week. Talk about a rocking way to work! Another pro I’ve just met is Nawar Naji (http://www.twitter.com/NawarNaji). This fellow young father and I have a lot of the same ideas when it comes to growing our business. He is one of the few mortgage experts I know that has taken as many courses as I have on business planning. Great minds I guess :)

http://www.facebook.com/pages/Toronto-ON/Pauls-guideto-Toronto-Real-Estate/181262255779

http://www.twitter.com/loftsellers

Yet another recent connection is Chad Lewis Smith (http://www.twitter.com/ ChadLewiSmith). Chad’s tweets range from mortgage to working out and even one about his recent appearance on Entertainment Tonight Canada. Chad’s well rounded approach really keeps his tweets worth reading. Last but not least is Russ Skinner (http://www.twitter.com/gtamortgagectr). Aside from some great mortgage specific tweets, Russ has become a master of something so simple you’d think everyone would do it...retweeting many of new listings and tweets. By doing so, he is on my radar of top mortgage pros and has been visited several times by clients doing research. Keep in mind that being social media saavy is NOT the be all, end all. As a real estate consultant to some of the most exclusive property owners in Toronto, my comments always include “its not about the person with the best website, most twitter contacts OR most

http://ca.linkedin.com/in/century21canada

DISCLAIMER: Paul Indrigo, Sales Representative & Century 21 Regal Realty Inc, Brokerage recommend you speak with at least 3 professional and experienced contacts before making an informed decision. None of the business featured on Unique Small Biz are asked to pay or http://foursquare.com/user/loftsellers

compensate Century 21 Regal in any way.


JUNE 2010 MARKET UPDATE GTA REALTORS® Report Monthly Resale Housing Figures

July 6, 2010 -- Greater Toronto REALTORS® reported 8,442 sales through the Multiple Listing Service® (MLS®) in June. This represented a 23 per cent decrease compared to the record 10,955 sales reported in June 2009. Sales for the second quarter of 2010 amounted to 28,810 – up one per cent annually. Year-to-date sales through June were up 23 per cent to 50,455 compared to the first six months of 2009. Click here for complete Market Watch.

PS There are a total of 3 MUST HAVE charts that my ViPs have access to that you need to have if buying or selling. Knowing the market players is KEY to knowing the market.

Not intended for those under any agency relationship. Independently Owned and Operated. ® TM, trademarks of Century 21 Real Estate LLC, used under license.™ Trademarks of AIR MILES International Trading B.V. Used under license by LoyaltyOne, Inc. and Century 21 Canada Limited Partnership. Earn 2 AIR MILES reward miles for every $1000 of property value bought or sold through a participating CENTURY 21 office to a maximum of 1500 reward miles per transaction. When selling a property, your home must be listed with a CENTURY 21 office to be eligible to earn reward miles. Only buyers represented by a CENTURY 21 office will be eligible to earn reward miles. To inquire about earning reward miles on your next real estate transaction or the status of the earned reward miles on a previous transaction, contact your CENTURY 21 office directly. A CENTURY 21 office has no obligation to issue reward miles more than 12 months after the closing date of your transaction. Visit Century21.ca for the office nearest you.


CURRENT PROMOTIONS (click for current links)

FREE Lawn signs to help Easter Seals + You get 500 Air Miles credits. Email me today to order yours and help me reach my goal of giving out 50,000 Air Miles and sending 5 Easter Seals kids to camp. BMO OFFER FOR EXTRA AIR MILES (Good til August 2010) Can you imagine earning over 3000 Air Miles simply by moving smartly? Approx 2000 from me (based on $400k) + BMO deal . You get 175 Air Miles just for getting a pre-approval done!! http://ow.ly/1AjLM

SOME MORE HOT NEW LISTINGS TO CONSIDER... Have you joined my new and improved “Paul’s Guide to Toronto Real Estate” page on Facebook yet? Please drop by for a visit and be sure to visit here regularly. As of June 2010, all my newest listings will be FIRST TO FACEBOOK meaning that as soon as they are posted on MLS, you could be seeing it within minutes. Get started here... Condo at Malibu Harbourfront priced at $207,000. Even better than the price is how much it costs to upkeep this great bachelor unit. With 5% down, it carries for less than $1000 a month. You cant even rent for that cheap. Plenty of space for a Murphy bed or existing sofa bed. New floors, great amenities and much more. Go to www.600FleetSt.com for full info. NEW CONSTRUCTION Nowhere is a professional consultant needed more these days than in buying new construction. Assignment costs/ procedures, the right builder cap rates, understanding your rights….its a big job. Its far too costly to visit a sales site or register online with a builder. Access to 100% of all developments over 15 units + builder incentives + more. RENTALS Being a VIP Renter with me is the ultimate way to avoid the hassles of renting and simply enjoy the search. Background checks on landlords also, not just the other way around. Visit me at www.UniqueToronto.com for my full inventory of spaces.


Toronto Real Estate News. July 2010 Edition