Fran Lee,Broker,ABR,CSR,ASA,CNS,e-PRO,MCIL

House and Home

Home Improvement

Resources

Common Selling Mistakes

Nothing Great Was Ever Achieved Without Enthusiasm - Ralph Waldo Emerson

Ontario, Canada

Real Estate Is Not My Job. Real Estate Is My Passion!

Featured Listings

Contact Me



Fran Lee, Broker
Email Fran

Phone:	(416)491-4002
Cell:	(416)917-6787
Fax:	(416)913-2159
Address:	1055 McNicoll Avenue
City:	Toronto
Province:	Ontario M1W 3W6
Country:	Canada

Weather

Your Trusted Advisor in Real Estate

My Pictures & Awards

Click thumbnails to Enlarge.

My Business Card

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. Beat other homebuyers to the hottest new homes for sale in Toronto with my New Listings Notification.

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)

- Feature Agent on "Profiles of Success" Toronto East Edition 2008

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

- Certified Sellers Representative designation awarded by the Seller Agency Council http://www.selleragencycouncil.com/index.htm

- Accredited Senior Agent designation awarded by the Society of Accredited Senior Agents http://thesenioragent.ca

- Certified Neighbourhood Specialist designation awarded by the Council of Certified Neighbourhood Specialists http://certifiedneighbourhoodspecialist.com

- e-PRO certification and designation awarded by the National Association of Realtors http://epronar.com

- 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,

RE/MAX Crossroads Realty Inc.

ABR, CSR, ASA, CNS, e-PRO, MCIL

Real Estate Market Update

Tight Market Results in Strong Price Growth in April

May 4, 2011 -- Greater Toronto REALTORS reported 9,041 existing home sales through the TorontoMLS system in April 2011. This result was down 17 per cent compared April 2010 when sales spiked to a new record of 10,898. While off last year's record result, April 2011 sales were in line with the average April sales level reported over the previous five years.

"Existing home sales have been strong from a historic perspective through the first four months of 2011. Expect the pace of sales to remain robust through the spring, as the economy expands and home buyers continue to benefit from affordable home ownership opportunities," said Toronto Real Estate Board (TREB) President Bill Johnston.

Market conditions tightened markedly over the last year. April 2011 sales accounted for 62 per cent of new listings during the month – up substantially from 53 per cent in April 2010. Tighter conditions resulted in the average April selling price growing by nine per cent annually to $477,407.

"The number of listings has been below expectations so far this year. Increased competition between home buyers has led to an accelerating annual rate of price growth," said Jason Mercer, TREB's Senior Manager of Market Analysis. "The strong price growth experienced in April should result in more listings and more balanced market conditions."

Median Price
In April, the median price was $402,000, from the $373,000 recorded during April of 2010.

- Toronto Real Estate Board

**************************************************************

多倫多人享受公寓生活

2011年5月13日--相比本國其他地市，多倫多人更鐘情於Condo生活方式。吸引人的室內設計、靠近公共交通和娛樂場所，以及健身房、游泳池和派對場所等設施對於這些人尤為重要。根據TD Canada Trust最近對打算購買或已經購買condo的人士的一份調查，多倫多人願意支付高額的共管公寓費(condo fee)。據統計，約一半的多倫多人願意每月支付400元以上的共管公寓費，而其他被調查城市的這一比率為22%。

多倫多大多數共管公寓買家計劃將在未來六年搬入(54%)，事實上，15%計劃於未來三年搬入。十人中有四人說，如果他們有更多的錢，他們會買房子，而不是condo(42%)。

在全國範圍的受訪者中，只計劃在短期內居住在condo的人以35歲以下的人最多。在這一年齡組中有近四分之一(22%)的被訪者不打算在condo裡居住時間超過三年，另外45%的人士則計劃在四至六年後搬出。

正如TD Canada Trust調查發現，年輕的受訪者更關注負擔能力，貸款償還期改為30年的政策對這個年齡組中的許多人(63%)在選擇公寓而不是其他類型的房屋的決策影響很大。貸款政策的變化並不會影響50以上的加拿大人。這些人中的四分之三說，修改的貸款規則並沒有影響他們決定考慮公寓房。

有點令人震驚是，該民調顯示超過四分之一(29%)打算在多倫多購買一套公寓的人甚至不知道貸款規則的變化。在全國範圍內，這一數字在35歲年齡組中甚至更高(39%)。

儘管比其他受訪城市的人願意付出較高的公寓費，多倫多人仍然認為最重要的指標是低收費(95%)，僅次於精美的室內設計(97%)。多倫多人也尋找保安良好的公寓樓(94%)、節能的建築(92%)以及陽臺(91%)和停車(90%)等功能。

在所有接受調查的城市中，多倫多的受訪者最關注是否靠近公共交通(91%)、距離娛樂設施近(87%)，並有像健身房、游泳池或派對廳等設施(83%)。

在全國來看，50歲以上的人被共管公寓所吸引的原因為他們計劃以大換小。當50歲以上的人搬到公寓後，31%的人不打算再次搬遷。由於他們打算留下來，他們盡可能打造一個更舒適的公寓房，53%的人計劃花費超過$10,000來升級他們的公寓，相比之下，35歲以下的人中的比率只有15%。

- 信報地產周刊

Mortgage Rates Update

May 12, 2011

TERM	POSTED	BEST
6 Month	4.45%	4.35%
1 Year	3.7%	2.75%
2 Year	4.05%	3.35%
3 Year	4.55%	3.4%
4 Year	5.19%	3.63%
5 Year	5.69%	3.86%
7 Year	6.49%	4.79%
10 Year	6.85%	4.99%
Variable		2.2%
Prime Rate		3.00%
Cost per $1000 based on 5 year fixed term rate		$5.18

*Rates are provided by Mortgage Alliance 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.

Required

Required Must be a number between 1 and 50
Term In Years:
Required Must be a number between 1 and 100
Interest Rate:	%
Required
Cost of Home:	$
Required Cannot be more than Cost of Home
Down Payment:	$
Required
Annual Insurance:	$
Estimate Insurance to 0.43%of Cost
Required
Annual Property Tax:	$
Estimate Tax to 1.2%of Cost
Monthly Income:	$ Required
Monthly Debt:	$ Required

Optional

Gross Debt Service Ratio (GDS):
Total Debt Service Ratio (TDS):
Condos Fees:	$

Results

Receive this Detailed Analysis

Mortgage
Qualification
Affordability
Rent vs Buy

Your Monthly Payments

Loan Amount:
Loan Insurance ( %):
Total Loan(Mortgage) Amount:

Principal & Interest:
Homeowners Insurance:
Property Taxes:
Condo Fees:
Monthly Loan Insurance (%):
Total Monthly Payment:

Income Needed to Qualify for the Mortgage

Total Monthly Loan Payment:
Total Monthly Debt Payment:
Monthly Loan Insurance (%):
Qualifying Income of % GDS Ratio:
Qualifying Income of % TDS Ratio:

What You Can Afford
We are using the % ratio.
Cost of House:
Down Payment:
Loan Value:
Monthly Principal & Interest:
Monthly Insurance:
Monthly Property Tax:
Monthly Condo Fees:

Note: Cost of House = [(Monthly income x Debt Ratio) – monthly tax – monthly insurance – condo fee] / (monthly interest rate/ function of interest rate)

Monthly Rent:	$ RequiredMust be a positive number	No. of Years you plan on keeping the home:	RequiredInvalid
Annual Rental Increases:	% RequiredInvalid	Yearly Appreciation on the Home:	% RequiredInvalid
Monthly Renter Insurance:	$ RequiredInvalid	Annual Home Maintenance:	% RequiredInvalid
Savings or Investment Rate:	% RequiredInvalid

Online Articles & Reports

To enhance your buying and selling experience, it’s my job as a knowledgeable real estate professional to provide you with as much valuable information as possible. Whether it be through newsletters, checklists or news articles, I am here to make your buying or selling process stress-free and rewarding. Please access my free articles and reports today!

		*My Profile
		My April 2010 eNewsletter
		Common Selling Mistakes
		HST Transition Rules
		RE/MAX Housing Market Outlook 2010
		Sheppard Avenue East Light Rail Transit


Why is my contact information showing?
* First Name:	First name is required. Please do not use <, >, or HTML.
* Last Name:	Last name is required. Please do not use <, >, or HTML.
* Email:	Email is required. Invalid Format
Phone:	Phone is required. Invalid Format

Comments:	Maximum 2000 characters for comments. Please do not use <, >, or HTML.
	* * Maximum of 2000 characters


Receive additional information via email. Unsubscribe at any time.