Fran Lee, Broker
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Your Trusted Advisor in Real Estate

Your Trusted Advisor in Real Estate



Ontario, Canada


 

Nothing Great Is Ever Achieved Without Enthusiasm !


 
 

 


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Welcome to my web site, your source of Toronto real estate


 

Dear Friends,

In today's competitive real estate market, timing is everything.  Many good homes are sold before they are ever advertised. 

If you own real estate that you're thinking of selling, I would be happy to provide you with a FREE Home Evaluation.

Whether you are buying or selling a home, hire someone like me, who wants to earn your business. I invite you to contact me as I'd be happy to assist you with this important transaction.

In addition, if you have any general questions about buying or selling real estate in Ontario, please contact me as I'm more than willing to help.

I don't have a PhD degree in rocket science, but I am constantly upgrading my knowledge and expertise in real estate related disciplines and languages to serve you better:

- Licensed under the "Sales Representative" category by the Real Estate Council of Ontario http://www.reco.on.ca in 1999, and licensed under the "Broker" category since 2001 

- Recipient of RE/MAX www.remax.ca Hall of Fame Award in 2010

- Recipient of RE/MAX www.remax.ca 100% Club Awards (2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2015, 2016).

- Feature Agent on "Profiles of Success" Toronto East Edition 2008. http://www.dropbox.com/s/404af7xg185zm7s/My%20Cover%20Story.pdf?dl=0

- Joined RE/MAX Crossroads Realty Inc. in December 2008, switched to Realty Associates Inc., an affiliate of RE/MAX Crossroads Realty Inc. in October 2017.

- Accredited Buyer Representative designation awarded by the Real Estate Buyer's Agent Council of the National Association of Realtors http://rebac.net/

- M ember of the Chartered Institute of Linguists designation with Diploma in Translation from English into Chinese awarded by the Chartered Institute of Linguists http://iol.org.uk

Please browse my website for listings, reports and important local real estate information.

Sincerely,

 

Fran Lee

Broker,

Realty Associates Inc.

ABR, MCIL

Cell.   416-917-6787

Office 416-293-1100

Email  franleemail@gmail.com 


Market Update


GTA REALTORS RELEASE MAY STATS TORONTO, ONTARIO

June 3, 2021 – Residential transactions reported through TRREB’s MLS System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak.

Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May. Greater Toronto Area REALTORS reported 11,951 sales in May 2021 – more than double the result from May 2020, the second full month of the pandemic.

May 2021 sales were below the May 2016 record of 12,789 but remained well above the average May sales of 10,336 for the 2010 through 2019 period. Often, May is the strongest sales month in any given year; however, 2021 results bucked this trend, with May sales below the 15,646 deals reported in March.

“There has been strong demand for ownership housing in all parts of the GTA for both ground-oriented home types and condominium apartments. This was fueled by confidence in economic recovery and low borrowing costs. However, in the absence of a normal pace of population growth, we saw a pullback in sales over the past two months relative to the March peak,” said TRREB President Lisa Patel.

The MLS Home Price Index Composite Benchmark was up by close to 19 per cent year-over-year in May 2021. The average selling price across all home types was up by 28.4 per cent year-over-year, reaching a record $1,108,453.

On a seasonally adjusted basis, the average price increased by 1.1 per cent between April and May 2021. “While sales have trended off the March 2021 peak, so too have new listings.

This means that people actively looking to purchase a home continue to face a lot of competition from other buyers, which results in very strong upward pressure on selling prices.

This competition is becoming more widespread with tighter market conditions in the condominium apartment segment as well,” said TRREB Chief Market Analyst Jason Mercer.

- Toronto Regional Real Estate Board


Real Estate Information


Federal Government Launches New Home Retrofit Grant Program

May 28, 2021

The federal government has launched a new program that offers homeowners grants to retrofit their homes and make them more energy efficient. The Canada Greener Home Grants program, funded to the tune of $2.6 billion, will offer homeowners grants of up to $5,000 that can be put toward energy-saving projects such as:

  • Improved insulation;
  • Air sealing, thermostats;
  • Energy efficient heating and cooling equipment;
  • Solar panels; and
  • Energy-efficient windows and doors.

The program will also include grants of up to $600 that can be used for EnerGuide home energy audits. The Canada Greener Home Grants program is expected to award 700,000 grants over seven years.

There are certain eligibility criteria that must be met in order for the homeowner to take advantage of the grants, including but not limited to:

  • Provide proof of ownership;
  • Program applies to a homeowner’s primary residence only;
  • Eligible property types include ground-related homes and small multi-unit residential buildings up to 3 storeys);
  • Applies to homes built six months ago or older;
  • Complete a pre- and post-retrofit EnerGuide evaluation;
  • Complete at least one retrofit that is both eligible and recommended by the energy advisor in order to be reimbursed.

Applications are now available on the Natural Resources Canada website. An application starts with an energy evaluation by a certified adviser. That adviser visits an applicant's home and determines which energy-saving measures would qualify for reimbursement. If the homeowner chooses to proceed, a licensed contractor would then be hired to conduct the retrofits. After an inspection of the completed work, the homeowner would be reimbursed.

To support the anticipated need for energy advisors, the government recently announced that it is providing up to $10 million to recruit, train and mentor 2,000 new energy auditors.

In this year's federal budget, the government proposed creating a separate fund of $4.4 billion over seven years through which the Canada Mortgage and Housing Corporation (CMHC) could offer homeowners interest-free loans of up to $40,000 in exchange for authorized energy-efficient retrofit projects. These loans could be available as soon as this summer, and it is believed that more than 200,000 households would take part in that program.

The Canada Greener Homes Grant program, the hiring of 2,000 new energy advisers, and the yet-to-be-launched $40,000 retrofit loan program through CMHC are all part of a bigger greener homes initiatives that is expected to be announced soon.

  Toronto Regional Real Estate Board


Mortgage Rates Update


June 21, 2021 

 

TERM          POSTED BEST 
1 Year  2.79% 1.84%
2 Years 2.94% 1.54%
3 Years 3.49% 1.54%
4 Years 3.74% 1.84%
5 Years 4.59% 2.09%
7 Years 5.35% 2.84%
10 Years 5.60% 3.24%
Variable 2.45% 1.45%
Prime Rate   2.45%  
Benchmark    

*Rates are provided by Dominion Lending Centres and are subject to change without notice. 

 


Mortgage Calculators


 

Complete the fields below (e.g., Cost of Home, Down Payment, Monthly Income) and click Calculate Now. To view the different results of your calculation, click on the various tabs. To mail yourself a copy of your results, click the Receive this Detailed Analysis link.

The mortgage calculator below will help you determine loan amounts, mortgage qualification, or whether you should be renting or buying.

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