Daniela Nincic – Edward Jones
Tel: 416-234-0055
Fax: 877-314-9378
daniela.nincic@edwardjones.com

Website – EdwardJones.com

We have a new home for our networking meetings…

Franklin Horner Community Centre
432 Horner Avenue
ON M8W 2B2

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Free parking is available in the school yard on the north-side of the building. We meet in the main floor lounge. Enter by the doors at the North-west corner of the building and proceed down the hall.

Please plan to arrive for about 7:30AM
The formal part of our meeting gets underway at at 7:45AM

Continental breakfast provided.

Hope to see you soon!

Edward Ricciardi is the mortgage magician! He works with clients of all sorts and helps to match them up with the right mortgage for their needs.

Mississauga, ON (February 8th, 2011) – Tighter inventory levels helped to make the last decade one of the healthiest periods on record for Canadian real estate, insulating markets in major centres from the peaks and valleys characteristic of past decades, according to a report released by RE/MAX.

The Toronto real estate market has shifted into a seller’s market as the spring market gets going. The ratio of sales to new listings has climbed recently, as a result of too few homes being put up for sale, relative to the buyer demand.

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The RE/MAX Housing Barometer Report measured monthly sales-to-new listings ratios in 18 major centres across the country from January 2000 to December 2010. The report found strong seller’s/balanced conditions prevailed for much of the time frame, prompting significant gains in housing values. The lone exception was when the market dipped into buyer’s territory during the latter half of 2008 and early 2009. However, fewer listings served to offset diminished demand and provided greater stability. Average price increases from 2000 to 2010 ranged from an annually compounded rate of return of 4.82 per cent in London-St. Thomas to a high of 9.56 per cent in Regina. The national average was 6.82 per cent. By far the tightest market in the nation was Winnipeg, where seller’s ruled the roost for 85 per cent of the decade, followed by Hamilton-Burlington (67 per cent), Regina (63.6 per cent), Kitchener-Waterloo (59.8 per cent) and Edmonton (57.5 per cent).

Housing markets have been remarkably hearty over the past decade and the stage is set for a better than expected 2011. Inventory has proven to be an effective form of market self-regulation, providing both an ideal climate for price escalation and a shelter in periods of softer home-buying activity. As a number of city centres are already reporting stronger than usual activity out of the gate, it’s clear supply will continue to be the wild card in 2011.

First-time buyers comprise the vast majority of purchasers, with move-up buyers in close pursuit. Demand and supply are on relatively even keel at present in most areas, but the traditionally busy spring season is expected to keep the market at a perfect equilibrium in the days and months ahead. However, there may be some exceptions to the rule. The country’s largest markets—Greater Toronto, Greater Montreal, and Greater Vancouver—are expected to head into the second quarter with fewer listings overall. Two centres—Newfoundland & Labrador and Kelowna—are still firmly entrenched in buyer’s markets.

An improved global economic picture, lower unemployment rates and rising consumer confidence levels have buoyed home buying activity since November. While sales figures are expected to be slightly off 2010’s heated pace, housing values are forecast to continue to climb in Canadian real estate markets in 2011—with most a direct result of lower listing levels.

There’s no question that price growth has been solid over the past decade, but history tells us that exceptional growth supported by sound fundamentals is healthy. Concern is only raised when the underpinnings are insufficient to justify the trajectory. By all accounts, Canada’s real estate market measures up to conventional wisdom and the faith in homeownership has not been misplaced.

Ask Ralph Evans to explain to you what this report means for your individual situation.

From:
     Ralph Evans
     Sales Representative
     RE/MAX Professionals Inc., Brokerage
     416 236-1241
     www.RealEstateHelpDesk.ca     www.Etobicoke-Homes.com

Click to visit

Ralph Evans, our residential real estate representative in the group has launched an additional website for his business.  Ralph is in tune with the latest technology inovations in real estate, to make his clients successful in their buying and selling of properties.  With this new site Etobicoke-Homes.com Ralph is focusing in on his target market of the Etobicoke real estate consumer.

Plans call for Ralph to continue to add profiles of the many specific neighbourhoods that together define Etobicoke.  Be sure to continue to watch this site grow in the coming months.

Thumbs up for Dominion Lending Centres

Edward Ricciardi, the group’s Mortgage Broker and Ralph Evans, the group’s Residential Real Estate representative give the thumbs up with Don Cherry.

The Coach’s Corner star is the new spokesperson for Dominion Lending.

Don Cherry seemed a little quieter than he normal!

Toronto Spring Market

Toronto might be in the grips of winter, but the Spring market for Toronto Real Estate is just getting started this week. The holiday season tends to be a very quiet time in real estate. By the second week of January, people are putting the holiday season behind them and making plans for the coming year. Already we are seeing a pick-up in the number of homes being listed for sale. This is the most active time for the Toronto market, with the number of homes trading hands rising each month through to June. With more buyers in the market at this time of year, home sellers tend to take advantage of this time to market their homes. Thus, we see the best and nicest homes come up for sale through the Spring time.

Toronto Home Prices

The outlook for the coming year in real estate calls for a fairly stable market, with prices rising modestly in the 3% to 5% range. Toronto enjoys a modest steady growth in real estate values. Rising world oil prices will have an impact on people living in the outer-suburbs who will feel this in their cost of commuting. Higher oil prices helps Toronto real estate prices as more people want to live closer to their place of work. Most especially downtown condos and centrally located homes.

Interest Rates and Mortgages

The Bank of Canada has backed off of further increases in the key rates they control. The indications are that we will not be seeing further rate increases until the Canadian economy strengthens. While the Bank would like to see higher rates, they are being cautious not to raise rates for fear of halting the fragile recovery now underway. Economists are calling for further rate increases towards the end of 2011. Thus the borrowing costs for mortgages remains very attractive. To counterbalance this, the Bank of Canada has tightened the rules to qualify for a mortgage, to ensure Canadians do not take on more debt than they can carry. Knowing that rates will be higher in the future, they don’t want consumers to be unable to afford their mortgage payments.

Wishing you all the best for 2011.

Article submitted by Ralph Evans – the group’s Residential Real Estate Person…
Mississauga, ON (December 7, 2010) — Although improved economic fundamentals will have a positive impact on Canadian housing markets moving forward, the forecast for residential real estate sales remains static in most major centres in 2011, according to a report released today by RE/MAX. Click for Full Report

The RE/MAX Housing Market Outlook 2011, examining trends and developments in 26 major centres across the country, found that home-buying activity in 2010 fell short of 2009 levels. Housing values, however, continued to climb, with virtually all areas reporting an upswing in average price, ranging from just under one per cent to 15 per cent this year. Lower inventory levels in many markets offset the effects of diminished demand, propping-up price in almost every instance. Kitchener-Waterloo, Quebec City, and St. John’s saw the greatest increases in average price this year, while Eastern Canadian markets including Hamilton-Burlington, Sudbury, Windsor, Moncton and Prince Edward Island were the only markets that bucked the downward trending in home sales in 2010.

By year-end, approximately 441,000 homes are expected to change hands nationally, a five per cent decline from the 465,251 sales reported in 2009. Housing values are forecast to continue to climb, up an estimated seven per cent to $340,000, compared with $320,333 one year earlier.

“In terms of resale housing activity, what many are talking about as the new normal is actually a return to the traditional real estate cycle,” says Michael Polzler, Executive Vice President, Regional Director, RE/MAX Ontario-Atlantic Canada. “The past decade was truly unprecedented—never before have we experienced a run up that was as strong or lasted as long. As we have digressed from the typical pattern, people have forgotten what the usual healthy cycle looks like, but all the hallmarks are there. Ample inventory levels, steady demand, and moderate growth, both in terms of sales and prices, will characterize the market in 2011. While the pace may appear lackluster in comparison to what we’ve grown accustomed to, it underscores the principles of real estate 101: The market is cyclical. All boats rise and fall with the tide.”

Greater stability is expected to characterize the markets in 2011, with Canadian housing sales predicted to mirror 2010 levels at 441,000 next year, while average price is forecast to escalate three per cent to $350,000 by year-end 2011.

“Looking forward, we see steady improvement in provincial and local economies—which will bode well for housing markets across the board,” says Elton Ash, Regional Executive Vice President, RE/MAX of Western Canada. “The relentless drive in the market reminiscent of years past will be gone and instead, we can expect to see more normal, balanced market conditions, with buyers maintaining a slight edge.”

Markets in British Columbia are forecast to lead the country in terms of percentage increases in sales activity next year, with Greater Vancouver expected to climb 10 per cent, followed by Victoria at eight per cent and Kelowna at six per cent. After a prolonged period of economic hardship, Windsor is once again on track for growth, with residential home sales predicted to climb five per cent.

Almost all markets are reporting an anticipated increase in housing values next year, with St. John’s in Newfoundland-Labrador in front with an estimated eight per cent hike in average price in 2011. The value of homes in Greater Vancouver, Kelowna, Regina, Saskatoon, London-St. Thomas, Ottawa, Sudbury and Greater Montreal is also predicted to climb five per cent.

“Low interest rates and improving consumer confidence levels should stimulate home-buying activity at all price points next year,” says Sylvain Dansereau, Executive Vice President, RE/MAX Quebec. “Overall gains will be more muted—a welcome reprieve for purchasers. 2011 will be a year that will see more widespread recovery across a broader array of economic sectors, setting the stage for a better 2012.”

In the meantime, a number of factors will continue to support sustained sales and price growth in the months and years ahead:

• Land scarcity, intensification, urban renewal, infill and renovation will continue to drive up values—regardless of supply and demand—in major metropolitan areas. The Canadian housing stock is ever-evolving, particularly in the central core of each city. With average price pushing closer to or well past the $300,000 mark in the vast majority of major centres, and affordability of single-family homes diminishing, the demand for attainable product will rise in tandem, bolstering the growing condominium segment in the years ahead.

• The upper-end of the market continues to be a strong indication of the overall health of Canada’s housing sector. Typically the first segment to soften in a downturn, luxury homes posted record sales activity in 2010, and demand is expected to remain solid in 2011. Strong sales in the high-end will continue to prop up average prices.

• Immigration will remain a serious force stimulating demand, particularly given the penchant for homeownership among today’s new Canadians. While the formation of new households used to take an average of five years, a growing number of newcomers arrive skilled, financially secure, and ready to make their home-buying moves. It is estimated that Canada will average 250,000 new immigrants annually.

• In the year ahead, federal, provincial and local stimulus in the form of continued infrastructure spending and capital projects will be a considerable boon to economic stability and employment, providing consumers the confidence to move forward with real estate purchases.

• Volatility in the money markets will continue to drive buyers to the tangibility of homeownership, both as a reliable long-term investment and a form of shelter, particularly given low vacancy rates and a lack of new rental construction in a number of major centres.

For more information, visit: www.realestatehelpdesk.ca

Digital Print Banner 8 feet x 20 feet

Brad Dance – Signs of Success, our signmaker has just completed this awsome banner for Smirnoff Vodka.  Smirnoff is running a multi-city marketing campaign to build brand equity through edgy outdoor concert and party events.

Brad created this 8-foot x 20-foot banner for Smirnoff that was then attached to the side of a shipping container.  The people were strapped into harnesses for safety and danced on top of the container while being hoisted high-up above the stage.

For Signs and Banners in Toronto and Etobicoke, contact Brad Dance at 647 – 834-7446  makemesigns@rogers.com

Here are a couple of recent installations from Brad Dance of Signs of Success. 

Brad had this sign digitally printed on vinyl, to be affixed to the glass of a store window.

Sign made for new cell phone provider Public Mobile.  Outdoor Lightbox sign for retail store.

Contact Brad Dance at 647 834-7446