Subbu Iyer

Winning Awards has been an Annual Occasion for me but 2020 was definitely Challenging and memorable one ! Thanks again to all my Clients for their continued Trust and Support !

Happy Landlord and Tenant !!

Another Happy Seller ! Thanks for the Trust.

Another Happy Repeat Seller !! Thanks for the Trust !

Coming soon on MLS !

Now on MLS ! Call me at 647-280-1808 for more details.

Brand new One Bedroom Condo for Rent. New Immigrants , Students also will be considered. Pm me for details @ 647-280-1808.

Available for Lease

Home purchasing tips❇️

🟢1. Pay for a home inspection
A home inspection is a thorough assessment of the structure and mechanical systems. Professional inspectors look for potential problems, so you can make an informed decision about buying the property. Here are some things to keep in mind:

Standard inspections don’t test for things like radon, mold or pests. Understand what's included in the inspection and what other inspections you might need.

Traditionally the buyer attends the inspection. By following the inspector around you can get a better understanding of the home and ask questions on the spot. If you can't attend the inspection, review the inspector's report carefully and ask about anything that's unclear.

🟢2. Negotiate with the seller
You may be able to save money by asking the seller to pay for repairs in advance or lower the price to cover the cost of repairs you’ll have to make later. You may also ask the seller to pay some of the closing costs. But keep in mind that lenders may limit the portion of closing costs the seller can pay.

Your negotiating power will depend on the local market. It's tougher to drive a hard bargain when there are more buyers than homes for sale. Work with your real estate agent to understand the local market and strategize accordingly.

🟢3. Buy adequate home insurance
Your lender will require you to buy homeowners insurance before closing the deal. Home insurance covers the cost to repair or replace your home and belongings if they're damaged by an incident covered in the policy. It also provides liability insurance if you're held responsible for an injury or accident. Buy enough home insurance to cover the cost of rebuilding the home if it's destroyed.

🔺Reference: https://cutt.ly/Xl3sh4u

The trend of robust activity in the Greater Toronto Area (GTA) housing market continued in February, with multiple-buyers competing for the available listings. As demand heated up, double-digit price growth continued, with the average price for GTA homes officially eclipsing the $1 million mark for the first time in history.

Last month, the Toronto Regional Real Estate Board forecast that the average selling price for a GTA home would rise about 10% this year to pass $1 million dollars, though they didn’t forecast it would happen quite so quickly.

The average price of a home in the region — including all types of houses and condos — rose 14.9% year-over-year to $1.05 million last month, according to TRREB.

According to the Toronto Regional Real Estate Board (TRREB), there were 10,970 sales recorded in February — a 52.5% increase compared to 7,193 sales reported during the same month in 2020.

The board said buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs, which helped push the average selling price of a detached house in the 905 to $1.3 million — 27.8% above February 2020. Here in Toronto, detached houses sold for $1.7 million on average — a 13.2% annualized increase.

While market conditions were tight throughout the GTA region last month, the detached, semi-detached, and townhouse market segments in suburban areas were the drivers of average price growth, with annual rates of increase above 20% in all three cases.

Condo activity also heated up last month, with transactions up 64.3% year-over-year, after 3,116 sales were recorded. The 416-area accounted for 2,167 sales (up 63.2%), while the 905-area saw 949 condos change hands, a 66.8% year-over-year increase.

Condo prices also continued to climb in the 905 areas — up 5.4% year-over-year to an average of $563,587, while prices for apartments continued to fall in Toronto, declining 6.4% compared to last February to an average price of $676,837.

Reference: https://cutt.ly/5l3fX7C