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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. 

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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!

 

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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

 

 

 

 

 

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Market Report_August 2017

August 2017

Dear Friend

Another good month for the Toronto real estate board, as TREB members sold 5,921 homes in July. The average sales price now stands at $857 823, up 17% over year-end 2016 of $729,827. There are 18,751 active listings on the market and with an anticipated sale of 5,500 homes in August, There are 4 listings, (homes listed for sale) for the average buyer to choose from. These are averages, with some areas having only two listings available per sale, others having 6 homes for sale. A balanced market is described as 4-6 listings available per sale,  a seller's market is described as less than 4 listings per sale and a buyer's market is described as 6 + listings per sale.

Are you wondering why I said another good month, when the statistics talk about the market being down 40% year-over-year? That's the problem with some statistics, they don't give you a true picture. If Michael Jordan scored 60 points in a game (which he did 5 times in his career) and then the next game only scored 30 points, the headlines would read Michael Jordan’s scoring down 50%. Not really reflective of what happened or the quality of the game that he had, but it's a statistic! Another silly and misleading statistic is when the commentators say such and such baseball team hasn't beaten the other team in the last 30 years in the playoffs. The teams change pretty much every couple of years, what is it significance of bringing in a 10 or 20 year win-loss with one team against another? It makes no sense to me.

With 2016 being the most active year ever in the history TREB, and March where average prices increased by 30%, we have to take the comparison statistics with a grain of salt, as they do not reflect the reality of the current real estate market.

The economy, interest rates, high immigration, high demand, lack of inventory, remain unchanged. The government housing policies, while making some buyers delay their decision, will have no long-term impact on the Toronto real estate prices as we've seen in Vancouver. In fact, on average, in July homes sold at 98% of asking price with an average time on the market of 21 days. Good properties marketed well, are still selling quickly!

The wait-and-see attitude of some buyers and the normal slower summer market has created an opportunity for those who missed the market earlier this year to buy.

If you're thinking of purchasing or know of someone who is considering buying or selling, give me a call, I'll be happy to help.  After all, you have a knowledgeable and experienced friend in real estate!

Give me a call, let’s talk, after all, you do have a friend in real estate!

Have a GREAT August!