Real Estate Toronto Canada

Thanks to your help, we’ve almost doubled the number of clients we’ve helped in 2009 vs 2008.  Of course it helps that we didn’t build a cottage this year - that took, no kidding, almost six months of my time in 2008.

I applaud those buyers who, despite the doom and gloom of the first 4-5 months of 2009, saw the potential and made the plunge to buy a home.

In the March time frame it was looking pretty grim… I remember appraising a client’s home at the time for about $380,000 - $400,000.  They found the home of their dreams in early October and we ended up selling their existing home for $489,000 - almost a $100,000 increase.

I did a recent appraisal for a lady who owns a condo down at CityPlace.  She originally bought it in 2003 for her home and paid $215,000 but started renting it three years ago as an investment property.  I appraised it for $330,000 - $350,000 - an increase of $120,000 + or $20,000 per year.  It certainly beats renting!

Of course, during those 6 years, she paid down a significant amount on her mortgage too further increasing her equity position.

Real estate in Toronto has continually proven itself to be an excellent long-term investment.  Maybe 2010 will be the year for you.

Here’s our 2009 Year End video message to all of you.  Please enjoy and have a safe and profitable 2010.