Toronto Real Estate News from Ivy Marie Lim August 2018   

 
Moving can be extremely stressful if you don't plan out the details ahead of time. This month's article offers a pre-move checklist that will help you prepare for the big day!

There's also some advice on how to create a fire escape plan for your home as well as a few tips on how to help get the kids back into the school sleep routine.

Thanks so much for checking out this month's newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general -- it'd be great to hear from you!

Ivy

In this issue...
Toronto Real Estate Market Update 
Toronto area home sales sizzle so far this summer!

Toronto Real Estate Board President Garry Bhaura announced strong growth in the number of home sales and the average selling price reported by Greater Toronto Area REALTORS® in July 2018.

"Home sales result in substantial spin-off benefits to the economy, so the positive results over the last two months are encouraging. However, no one will argue that housing supply remains an issue," said Mr. Bhaura.

“The new provincial government and candidates for the upcoming municipal elections need to concentrate on policies focused on enhancing the supply of housing and reducing the upfront tax burden represented by land transfer taxes, province-wide and additionally in the City of Toronto.”

Residential sales reported through TREB's MLS® System for July 2018 amounted to 6,961 – up 18.6 per cent compared to July 2017. Over the same period, the average selling price was up by 4.8 per cent to $782,129, including a moderate increase for detached home types. New listings in July 2018 were down by 1.8 per cent year-over-year.

Preliminary seasonal adjustment pointed to strong month-over-month increases of 6.6 per cent and 3.1 per cent respectively for sales and average price. Seasonally adjusted sales were at the highest level for 2018 and the seasonally adjusted average price reached the highest level since May 2017.

The MLS® Home Price Index (HPI) Composite Benchmark for July 2018 was down slightly compared to July 2017. However, the annual growth rate looks to be trending toward positive territory in the near future.

"We have certainly experienced an increase in demand for ownership housing so far this summer. It appears that some people who initially moved to the sidelines due to the psychological impact of the Fair Housing Plan and changes to mortgage lending guidelines have re-entered the market. Home buyers in the GTA recognize that ownership housing is a quality long-term investment," said Jason Mercer, TREB's Director of Market Analysis.

The Toronto International Busker Festival 
Toronto’s wildly successful street performers festival is back!

Mark your calendar for the Toronto International Busker Festival! It’s five full days of fun and excitement with over 150 family-friendly shows!

Performers from around the world will amaze people of all ages. The non-stop, action-packed entertainment includes comedians, contortionists, musicians, magicians, fire jugglers and much more!

There’s also a Family Fun Zone for the little ones with activities that include face painting, balloon twisting and a variety of giant-sized games so bring the entire family.

The 4 days and nights of fun takes place over the Labour Day weekend between Friday, August 31st and Monday, September 3rd at Woodbine Park down by the beach.
 
Festival admission is by donation to Epilepsy Toronto. They’re the ones who are responsible for organizing and running the Toronto International Busker Festival which is their largest fundraiser of the year. Hope to see you there!

Cut the Stress with a Moving Checklist 
The key to keeping calm during a move is to plan in advance.

Moving to a new home is an exciting life change but it can also be very stressful if you're not properly prepared.

It's important to create a detailed checklist a few months ahead of time in order to ensure things go smoothly. Here are some points to help get you started:

Two Months Before

  • Itemize all of the major items you'll be moving.
  • Get estimates and book the movers or a rental truck.
  • Have a garage sale or donate items to charity to get rid of excess clutter.
  • Start sucking up to friends and family for help!

 One Month Before

  • Switch your insurance, medical and school records to your new location.
  • Arrange to disconnect and reconnect utilities and phone/internet services.
  • Notify any other important parties of your new address.
  • Start stockpiling various sizes of boxes.

 Two Weeks Before

  • Start packing up room by room.
  • Plan meals so food in your fridge and freezer gets used up.
  • Arrange for someone to look after your pets on moving day.
  • Return library materials and other rental items.

The Final Week

  • Water your plants a few days before you move.
  • Put together a small bag of clothes and toiletries for the first few days.
  • Gather valuable items such as legal documents and family photos so you can transport them yourself.
  • Pack a box with essentials such as cleaning supplies, chargers, light bulbs, soap, garbage bags, etc. for the first week in your new home.

Day of the Move

  • Make sure you have your new keys.
  • Double check the movers have your new address and cell phone number.
  • Have lots of refreshments on hand for your busy helpers!

 Moving can cause a wide range of emotions from sadness to extreme excitement. Although moving can be stressful at times, a little bit of planning will provide you with some very valuable peace of mind. With the help of this checklist, you can now breathe a sigh of relief and enjoy this exciting new phase of your life!

Planning a Family Fire Escape Plan 
It’s important to be prepared in the event of a fire.

Planning for a house fire isn't something most people want to think about but if such an event occurred, you’d need to act fast. Having a fire escape plan is critical so here are a few points to consider:

  1. Floor It - Draw up a floor plan of your home that shows at least two ways out of each room.

  2. Keep it Clear - Ensure there aren’t any obstacles in front of windows, doors and escape routes.



  3. Practice Makes Perfect - Crawl through escape routes with your family during annual practice drills.

  4. Window of Opportunity - Family members need to know how to open all windows and remove screens.

  5. Climb on Down - Make sure escape ladders are accessible and not buried in the back of closets.

  6. Rendezvous - Designate a special meeting place for all family members once you've evacuated.

  7. Get Out & Stay Out! - Remind children never to re-enter a burning home under any circumstances.

If you live in a condo or apartment building, ensure you know the evacuation plan and do a few practice drills. Knowing what to expect and how to act is key in any emergency situation so practice your escape plan at least twice a year.

Back to School Sleep Tips 
Ditching the lazy days of summer doesn’t have to be a drag.

As summer winds down, we need to start getting the kids back into the school time routine, starting with bedtime. Here are a few tips to help them adjust:

  1. Screens Out - Don’t let your kids play video games before bedtime as screens can affect their sleep.

  2. Get Moving - Exercise improves sleep considerably so try and sneak in extra activities throughout the day but avoid it two hours before bed.


  3. Gradually Adjust Bedtime - Don’t wait until the night before school. Instead, gradually take it back 10 - 15 minutes early until you reach the desired time and get up at the same time each morning.

Being sleep deprived will affect both your kids and your own ability to focus and learn. It’s therefore important to adopt good sleep habits to help increase your energy levels during the day which will in turn help you sleep better at night.



PS Are you sick of scouring the paper and MLS sites looking for homes? Tired of playing telephone tag with agents only to hear the home's already sold? Sit back, relax and let me do the work for you! Just visit my website and check off the features you're looking for. Whenever a home matching your criteria hits the market, it'll be automatically flagged and emailed to you so you'll never have to worry about missing your dream home.


Not meant to solicit clients already under contract.