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RAJNISH@ROYALLEPAGE.CA

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Welcome to my July email newsletter!

Although it’s still strong, the real estate market was relatively flat compared to June 2018 both in number of sales and average price. You’ll find full market news below. If mortgage rates continue to drop as some experts predict, I think we’ll see the numbers go up in the second half of the year.

Summer is here! If you’re looking for things to do, check out  this article  with over 50 options. If an adrenaline rush is more your style, scroll down for a few out of the box activities that are within a short drive.

If you are thinking of buying or selling or just want to ask us a few questions about your options, don’t hesitate to give us a call.

SPICE UP YOUR SUMMER
5 Crazy Outdoor Activities in GTA
Just a few months ago, we were bundling up in winter jackets and sweaters. Well, it’s finally summer and that means everyone is looking forward to playing out in the sun. Instead of going to your usual beaches and parks, it’s time to step out of your comfort zone and try some of these crazy outdoor activities. And if you’re up for a road trip, these activities can make for the perfect mini-vacation.

Click here   for the article

What's Happening
in Real Estate

The Canadian mortgage market is heating up. Here’s where it’s heading for the rest of 2019
A year and a half after federal policymakers toughened up qualification rules to tame an unruly market and reduce risk to the economy, Canada’s mortgage market is showing signs of recovery.

Click here  for the article

REAL ESTATE UPDATE
RAJ - YOUR REAL ESTATE INFORMATION SOURCE 
NEWSLETTER #7, July 17th, 2019
TREB MARKET REPORT - JUNE 2019

July 4, 2019 -- The new President of the Toronto Real Estate Board, Michael Collins, announced that Greater Toronto Area REALTORS® reported 8,860 sales through TREB's MLS® System in June 2019, representing a 10.4 per cent increase compared to June 2018. Over the same time period, total new listings remained at a similar level for the month of June and active listings at month-end were down by 5.7 per cent.

The overall average selling price in June 2019 was $832,703 – up by three per cent compared to the average of $808,066 in June 2018. Price growth was driven by the higher density market segments, including semi-detached houses, townhouses and condominium apartments. The MLS® Home Price Index Composite Benchmark was up by a similar annual rate of 3.6 per cent. For the first half of 2019, the average selling price was $810,661, representing an increase of 2.4 per cent compared to the first half of 2018.


JUNE- REAL ESTATE MARKET SUMMARY
News - Hot off the press
Last but not the least.....

The Latest in Eco-Friendly Home
Building Materials

The desire for sustainable building materials has evolved from finding an energy-saving solution, to sourcing the best in non-toxic, environmentally-responsible, or plant-based materials. Here are five innovative ideas for your upcoming home renovation plans:

Solar roofing tiles
This leading-edge technology, along with established solar panel options, allow homeowners to produce their own renewable energy and fulfill their dreams of living "off-the-grid." Contact your local electrical utility to learn about options, requirements, and available incentives to sell your solar energy back to the grid.

Cross-laminated timber (CLT)
Made by gluing layers of lumber together, CLT is used as an alternative to concrete. It is gaining popularity due to its ability to cut down on building time, installation costs, and its reduced carbon emission footprint.

Graphene paint
This sustainable lime-based material is celebrated for its light-absorbing and super-conductivity qualities. Created in the UK, graphene paint can help regulate temperature, thereby reducing heating and cooling costs.

Terrazzo
Terrazzo is made up from small chips of marble, quartz, or glass mixed in concrete with resin, and can be used as a substitute for granite or stone. Once popular in the 70s, it is making a comeback and is available in a wide variety of colours and sizes.

Hempcrete
Generically known as ‘bonded cellulose insulation’, this composite is made of a hemp by-product (called shives) mixed with a lime binder. It is used as a construction and insulation material, is renewable, and performs well in humid conditions.

Put my expertise to work for you! Ask me how sustainable materials improve your home's efficiency as well as its value.
Get Your Free Home Evaluation

NO OBLIGATION! 



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647-821-7497
Not intended to solicit properties currently listed for sale or buyers under contract. 
Tried my best to provide accurate information in this newsletter , however, accuracy of information is not guaranteed. Contents of this newsletter are only for information purposes, everyone is advised to consult a relevant licensed professional before making any decisions.