Welcome to my website! Here you'll find everything you need to help you with your real estate needs. Whether you are a first time home buyer, looking to sell, or an experienced investor, I can provide you with complete real estate solutions. TONY XU is committed to providing you with the best possible service offered in the industry.
Buying or selling real estate is one of the biggest decisions you will ever make. It is very important that you seek the trust and guidance of a trained professional to walk you through the entire process.
My website allows you to search detailed listing information, and offers a wide range of other useful information. Browse around for yourself so you can learn more about me and discover why I'm the best at what I do.
RE/MAX Realtron 运亨地产专业金牌经纪，Broker，社区专家！多伦多地产局排名第一的地产公司，专业团队，为您制定详细的卖房/买房的详细方案！北约克中心黄金地段公车站广告和由Canada Post 派送的Flyer 宣传广告帮您卖到最高价！
卖房，买房，租房，请找TONY XU !!
在加拿大生活学习了十几年， 积累了丰富的社会经验， 并拿到加拿大省立大学的工商管理学士的学位。 Tony 做事专业， 严谨、认真，永远是根据客人的要求并结合我的经验去做事， 把客人的利益放在首位， 谈判技巧娴熟， 帮客人拿到最好的DEAL。 根据客人不同的背景、需求， 设定合理的方案。 为您提供专业诚信的服务, 是我对您永远的承诺。
Market Update_July 2020
Working throughout June, one could feel that the market was extremely active with multiple offers and activity at a high rate. But we were all quite surprised when the final numbers came in from the Toronto Real Estate Board showing that June’s sales (8,701) were only down 1.4% from June of 2020 (8,826). We knew that there has been a huge pent-up demand for homes and that demand exploded in June! I believe that that will continue in July and August.
Prices were up 11.9 % on average over June 2019, with the year to date average price rising to $891,167, up 8.7% over 2019 year end average price $819,286. All segments of the market were very active with multi-million home dollar homes starting to move again with 365 homes selling over $2,000,000, including 323 detached homes as well as 16 condo apartments!
The big news of the market is really twofold. One is that there is a small inventory of homes for sale (29% less than it was a year ago). The second factor is that interest rates have dropped to 2% for a five year term. This has brought new buyers into the market place because they can now qualify for mortgages and really brings down the cost of borrowing for those investing in rental properties. For example at 2% interest rate on a $700,000 mortgage represents $14,000 of Interest or roughly $1,166 per month. At 3% interest it represents $1,750 of Interest monthly, ($584 per month more). That really answers the question of, “Should I wait for prices to come down before I buy?)” The answer is you should buy before interest rates go up because that probably has a greater effect on your monthly payments then does price. Investors have realised that that $584 per month would go a long way to turning a break-even rental property to a profit-making rental property!
If you have questions on the above, give me a call. I'll be happy to help show you why the mortgage interest rate is just as important if not more important than price.
While Covid cases are on the decline, let's not lower our guard! I am still selling homes in a secure and safe manner protecting myself and my customers. If you have any questions or have a friend who is thinking of buying or selling please remember me I'll be happy to be of service!
Have a great July and stay safe!