Steven  Maislin

Steven Maislin

Broker, Certified Specialist IRES, ABR, SRS, SRES, RENE

RE/MAX Realtron Realty Inc, Brokerage *

Mobile:
416-518-7701
Office:
416-782-8882
Email Me
Steven  Maislin

Steven Maislin

Broker, Certified Specialist IRES, ABR, SRS, SRES, RENE

RE/MAX Realtron Realty Inc, Brokerage *

Mobile:
416-518-7701
Office:
416-782-8882
Email Me

Dear Friend, here's an update for the February Toronto real estate market.

Dear Friend,

I must say, I was pleasantly surprised to see that the Toronto Real Estate Board members sold 5,175 homes last month. While it is less than last year, the first quarter of 2017 was a record time, I expected sales to be less than they actually were.  A further indication of the demand for homes was the fact that with over 1,200 homes for sale, my company booked over 13,000 appointments and sold over 600 homes! Without question, some people lack confidence in the marketplace. We have sellers who believe prices will increase by May and we have buyers who believe prices will drop by May. They both can’t be right. The truth of it is that Toronto is a vibrant city that is growing and has a shortage of residential property. The proof is that rents, already at all-time highs, continue to increase. (Basement apartments in Newmarket are renting for $1400 per month!)

Toronto prices will continue to keep increasing as there is a huge immigration into the city and a lack of new accommodation. This lull that we’re experiencing now is temporary and I think you’ll find that by April/May prices will start to rise again and multiple offers while still occurring, will have even more buyers bidding on properties. Buyers will be wishing that they had committed in the first quarter of the year, and Sellers will also be unhappy as they will get more for their homes but end up paying even more for their new purchases.

There is little benefit to waiting! If you’re thinking of buying or selling or know a friend who is, I must strongly recommend that you purchase as soon as possible, while the demand is less. (We’re still getting multiple offers on will price properties!). In the first two months of 2018 properties were selling at 98% of asking price, another indication of the demand for homes.

I know it sounds self-serving and if you’re not sure whether to buy or not let me share with you the information I have so you can determine the state of the market for yourself. Give me a call and don’t forget, you do have a friend in real estate!

Have a great month
 

 

 

Your Friend in Real Estate

PS I’m never too busy for your referrals.

​Steven​

Steven Maislin, Broker
Certified Specialist 
IRES, ABR, SRS, SRES, RENE

 

Text/Cell: 416-518-7701
Office:     416-782-8882
Tel/Fax    416-410-6000
1-800-567-LIST  (5478)
  Steven@Maislin.com
   www.Maislin.com


Realtron Realty Inc., Brokerage
182 Sheppard Avenue West, Toronto, Ontario M2N1M8 Canada

 

 
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Steven Maislin,  R.E.B.B.,

Steven Maislin,  R.E.B.B., I.R.E.S.,

Broker
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Mobile:
416-518-7701
Office:
416-782-8882
2815 Bathurst Avenue, Toronto, Ontario, M6B 3A4

Buying, Selling, Leasing or Investing in real estate is sometimes a complex undertaking. Hiring me, a real estate professional will help save you time and money.
Together, we will determine your needs and wants and find or sell your property.
I promise to make your real estate experience stress-free and agreeable. I possess a wide range of real estate experience and guarantee to find or sell your property in a timely and professional manner. I will offer you leading edge services and products within your upcoming real estate transaction.


I service the Toronto area and specialize in Relocation, Industrial, Investments, Luxury Homes, New Construction, Office, Retail, Residential Acreages, Business Opportunities, Land, Multi-Family, Development Land, Lake/Beach Property, Condominiums, Farm/Land, Horse Property, Buyer Brokerage, International and Property Management.


Civic Activities:

Children's Miracle Network, Habitat for Humanity, Baycrest



Specialty: Find, Negotiate and Close.

Experience: over 35 full-time glorious years

Awards: CPSA Sales Person of the Year, Certified Specialist IRES, ABR, SRS, SRES, RENE

Area Covered: Toronto, GTA, Vaughan, Thornhill, Forest Hill

Languages Spoken: English



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