Weekly Newsletter

“The real estate market springs back” as news writer of Toronto Star, Tony Wong would say. Despiste his forecast of real estate market downturn did not last for too long, our market has not fully recovered yet. Although there are multiple offers, the buyers are still very precautious to stay under the asking price. If you are a qualified buyer, you should make use of this opportunity before the Seller’s market arrives.

Energy Audits F.Y.I.

May 25, 2009 -- Provincial legislation, Bill 150, making home energy audits mandatory for home sellers, unless waived by buyers, has been passed; however, the Bill’s requirements regarding home energy audits are NOT YET IN EFFECT and are not expected to take effect until 2010.

Featured New Listing available on Merton Street Fabulous home with large lot in prime Davisville Area. Stunning renovation and impeccable craftsmanship in this lavish 3 bedroom detached home. Attractive price at $749,000.

Update from last week Featured New Listing at Gormley Avenue. It was sold with multiple offers at 13% over the asking price.

One of my client purchased 141 Gerrard Street E last week. SIX days on the market and two offers were registered. We still purchased at ~96% of listing price.

We sold his condo townhome at 415 Jarvis Street the next day. This listing was on the market for FIVE days at ~97% of listing price.

Welcome to Toronto!! My client’s lovely family is moving from the states to this stunning Summerhill townhome at Birch Avenue this Summer.

Keep visiting my blog at http://simsonchu.blogspot.com for real estate news.