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REAL ESTATE BLOG

Discover a world of knowledge! From buying and selling advice and local market news to home renovation tips and community events - it's all here! Feel free to leave a comment or question on any blog and you will surely receive a resaponse.

May Real Estate Market Report

Sunday Jun 6th, 2021

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The May Real Estate Market Report is released today. Despite of the COVID-19 pandemic as people are getting vaccinated, and the number of cases going down, the GTA real estate market has been booming! The number of listing in the GTA has went up like 103.7% since 2020 as there are a lot of listings on the market. The number of home that got sold has went up like 160.1% compare to 2020. The average sale price is still booming like 28.4%, but the market is started to cool down that it... [read more]

Happy Victoria Day

Tuesday May 25th, 2021

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#SuperstarsRealty Team wish you a happy Victoria Day! Vinson Li - Real Estate Agent/Mortgage Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Mortgage vinsonli@mmfgp.com Real Estate website: www.vinsonlihomes.com Mortgage Website: www.mortgageweb.ca/mortgagebyvinsonli #torontorealestate #realestatetoronto #markhamrealestate #scarboroughrealestate #aurorarealestate #newmarketrealestate #richmondhillrealestate #homesearch #justlistedtoronto #地產明星... [read more]

Happy Mother Day

Sunday May 9th, 2021

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Every mother deserves the best! SuperstarsRealty wishes all the mothers in the world a Happy Mother’s day   Vinson Li - Real Estate Agent/Mortgage Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Mortgage vinsonli@mmfgp.com Real Estate website: www.vinsonlihomes.com Mortgage Website: www.mortgageweb.ca/mortgagebyvinsonli   #HappyMothersday #Mothersday #Mother #SuperstarsRealty #Mothersdayweekend #Motherslove #superstarsteam... [read more]

April Real Estate Market Report

Thursday May 6th, 2021

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Another crazy month for April 2021 real estate market. It is very crazy, but I seen the market is starting to cool down a bit and here is the update.   1. The there is a lot of new listing compare to 2020 which is 237% increase. This means that we may transition into a buyer market since more inventory on the market. There is also the mortgage stress test that will be in effect around June 1, but detail is still finalizing for the time being.   2. The number of... [read more]

March Real Estate Market Report

Tuesday Apr 6th, 2021

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March Real Estate Market Report is out! The month of March is still a hot market! The average sale price for March is close to $1.1 million. Even though the market is really hot, the market is cooling down a bit from March 15 to 31. There are a lot of new listings on the market in the GTA area which is 57.3% increase compare to 2020. This means there are more listings on the market now for the GTA. The number of home sold is 15,652 compare to 2020 as it is 97.0% increase. The market... [read more]

Happy Easter

Friday Apr 2nd, 2021

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#SuperstarsRealty wishes you all a Happy #EasterDay and Happy Long Weekend! Vinson Li - Real Estate Agent/Mortgage Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Mortgage vinsonli@mmfgp.com Real Estate website: www.vinsonlihomes.com Mortgage Website: www.mortgageweb.ca/mortgagebyvinsonli #easter #happyEaster #happyeasterday #goodfriday #easterweekend #eastermonday #superstarsteam #torontorealestate #realestatetoronto #RealEstateBrokerage... [read more]

February Real Estate Market

Wednesday Mar 3rd, 2021

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The real estate market report for month February 2021 is here!   This is a busy time during the month of February. Even though the economy is slowly opening up and the vaccination is being prepare, the real estate market is really hot now! We are in the seller market, meaning low housing inventory and high demand for buyers that create a multiple offer situation that turn into a bidding war.   In the GTA, there are 15,137 new listings in the GTA that is a 42.6%... [read more]

Balance Market

Friday Feb 26th, 2021

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What is a balanced market? Balance market is when everything is remaining stable, the same amount of inventory and demand. What makes it a balanced market? 1. Selling the property within the reasonable time 2. Seller accepting a reasonable offer 3. Pricing of a home is stable.   [read more]

Buyer Markets

Friday Feb 26th, 2021

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What is a buyer market? A buyer market is when there is more housing on the market, but fewer buyers. What are the factors of a buyer market? 1. Buyer has more options and leverage to negotiate 2. Housing surplus can slow rising prices and even lead to price reductions 3. Has more houses on market than buyers [read more]

Seller Market

Monday Feb 22nd, 2021

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In the GTA, we are at a seller market. You may ask what is a seller market? The seller market is when there is a low supply of housing inventory but more demand for the buyers. What turns into a seller market? 1. Not enough housing inventory on the market 2. Low mortgage interest rate 3. Multiple offer situation (It may have like maybe 10 offers or even 65 offers on a property) My philosophy is to provide top-quality services to my clients. Whether it is selling your home, finding a... [read more]

Housing Market Snapshot for Jan 2021

Thursday Feb 18th, 2021

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The number speak for themselves. The housing for sale has rise over 35.2% compare to Jan 2020. The real estate market will be a hot market around the spring and summer time. Thinking of buying your dream home or if this is the right time to sell your home? Contact me today at 647-922-9032 and I am most than happy to discuss with you.   Vinson Li - Real Estate Agent/Mortgage Agent 647-922-9032 vinsonlirealty@gmail.com   [read more]

Happy Chinese New Years

Friday Feb 12th, 2021

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The Superstars Team wishes everyone Happy Chinese New Year! Remember that your health is really important so enjoy your Chinese New Years with your family, and many great thing will happen.     [read more]

January Housing Market

Monday Feb 8th, 2021

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The Real Estate Market Report for January 2021 has just been released!    Throughout the COVID-19 stay-at-home order and lockdown, the GTA housing market has continued to boom! With low mortgage interest rates, people are taking advantage of buying homes right now. Although the government has shut down many businesses, real estate is still considered an essential service.  We are open for your business.   Ready to find your dream home? Looking to sell your... [read more]

Consider A Pre-Construction Condominium

Monday Feb 1st, 2021

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  There are both pros and cons about buying a pre-construction Condominium.  Advantages The buyer . . . 1. has ample time to save for the required down payment and closing costs. 2. can rent out the property upon occupancy, which can generate income prior to closing. 3. is protected under the New Home Warranty that covers both minor and major defects. 4.  can choose fixtures, tiles and floor plan.  Disadvantages  The buyer must be... [read more]

Credit Score

Monday Jan 25th, 2021

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What is a credit score? When is the last time you check your credit score? A credit score is a 3-dights number that is used to help lenders to determine how likely they will be to repaid on time if they grant you a loan for a house. The higher the score, the more likely you are qualify for a loan at the most favourable term.    A credit history outline how often you paid your credits and other debts on time. Improving your credit score does takes time, but the sooner you address... [read more]

To buy or lease?

Saturday Jan 23rd, 2021

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You may wonder if you should buy or lease a home.  The answer depends on what you will be using it for. Here are the pros and cons of buying or leasing.    When you are buying a home, you need to ask these questions:   How much debt are you carrying? Do you have a reserve fund to cover the expense of buying a home?  Do you have the down payment for a home? (Ideally you want to put down at least 20% to avoid CHMC mortgage default... [read more]

Main Purpose Of Home Insurance Clause

Thursday Jan 7th, 2021

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Home Inspection clauses focus mainly on checking the exterior and interior of the home to identify any future problems may occur in the home. You should consider requesting a home inspection report as a condition of your offer to purchase. In any agreement of purchase and sale (APS), you will find the following standard clause: "Buyer acknowledges having had the opportunity to inspect the Property and understands that upon acceptance of this offer there shall be a binding agreement of... [read more]

Is it a good time to buy a home during the pandemic?

Friday Jan 1st, 2021

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Throughout the covid-19 pandemic a lot of homes have come onto the market, and many people are asking, "Is now a good time to purchase a home?"  The answer is that choosing to buy or sell a home really depends on the real estate market. For example, from March to May of 2020, a lot of people were facing economic difficulties because of the covid-19 restrictions. Many Toronto homeowners that feared being unable to cover their mortgage and pay their taxes listed their homes for... [read more]

Top 5 Renovations When Selling

Monday Mar 18th, 2019

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Top 5 Home Renovations When Selling

When it comes time to sell your home, you will likely be put in a situation where home updates, repairs, and upgrades are recommended in order to boost the value of your home for maximum returns! Now, before tearing down a wall or making expensive repairs, it's important to understand that not all home renovations are equal. Below you will find a list of the top 5 home renovations that have significant impact on your selling potential: 1. Improve energy efficiency  This... [read more]

How to Choose the Right Mortgage

Monday Mar 18th, 2019

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How to Choose the Right Mortgage

Once you offer to purchase a house is approved, you need to get a mortgage. This process can be intimidating and confusing, so I have outlined four easy steps for you to follow!    Step 1: Mortgage Application    Before an application, you need to first asses your financial resources. Figure out how much money you have and how much you need to borrow. A mortgage associate will then take an application by phone, in person, or online. ... [read more]

5 steps to selling your home

Monday Mar 18th, 2019

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5 steps to selling your home

Your satisfaction and happiness is something that is very important to me. I understand how hectic it is to sell a house and it can be difficult if it’s not handled properly. To help you through the entire process, I’ve put together five simple steps: Step 1: Decide to Sell When you sell, you want to get as much value as you can for your home. So you might want to consider the timing of the sale because it definitely has an effect on the value. You don’t want to sell... [read more]

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