REAL ESTATE BLOG

The Market Report for May is here. The overall market right now is there is more inventory on the market, but the price is steady. We are currently in the buyer market. This is a perfect time for buyers to look for a home. Condo resale is very steady as the average price for a Toronto condo unit is close to 800,000 and 720,000 for the average price for Markham. The condo lease market is very active as currently, the landlord has the advantage compared to tenants as students are looking for... [read more]

A filling can be either sweet or savory, as long as families stitch together at this very day! Superstars Realty wishes you all happiness and good health! Happy Dragon Boat Festival! Vinson Li - Real Estate Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Real Estate website: www.vinsonlihomes.com #HappyDragonBoatFestival #DragonBoatFestival #DragonBoatFest #SuperstarsRealty #superstarsteam #torontorealestate #realestatetoronto #RealEstateBrokerage #torontorealestateagent... [read more]

#vinsonlihomes & #Superstarsrealty wishes a very Happy Victoria Day to you. May you enjoy this day with your loved ones in the sweet memory of the magnificent queen. Vinson Li - Real Estate Agent 647-922-9032  Real Estate 📧 vinsonlirealty@gmail.com  Real Estate website: www.vinsonlihomes.com  #SuperstarsRealty #soldbysuperstars... [read more]

Mother is the heartbeat in the home; and without her, there seems to be no heartthrob. #vinsonlihomes and #Superstarsrealty hope you guys have a lovely Mother's Day! Vinson Li - Real Estate Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Real Estate website: www.vinsonlihomes.com #SuperstarsRealty #soldbysuperstars #torontotoprealestateagent #Motherdays2022 #torontobestrealestateagent #Mothersdaystoronto #torontorealestate #realestatetoronto #ListingAgent... [read more]

The great gift of Easter is hope. Once you choose hope, anything is possible! Share your light with others! The #SuperstarsTeam and I wish you all have a Happy Easter! Goodness to you all! Vinson Li - Real Estate Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Real Estate website: www.vinsonlihomes.com #HappyEaster #Easter2022 #EasterToronto #RealEstateTerms #SuperstarsTeam #SuperstarsRealty #Super #torontotoprealestateagent #torontobestrealestateagent... [read more]

As the economy is recovering from COVID-19, the real estate market report for March is released. The average price for the 416 area for a home is almost close to 2 million, and the average price for the 905 area is 1.63 million. The condo resale average price for 416 is $831,000 and the average price for the 905 condo resale is $760,000. Throughout the first 2 months, the market is booming because of the low-interest rate and the lack of inventory that make a seller market. Fast forward to... [read more]

The February Market report is out. The Toronto real estate market is booming. The average price of a condo in downtown Toronto is $822,090. This is equivalent to 1 bedroom in the Bay St Corrdior. A lot of condominium in the North York and Markham are becoming a new downtown price. Condo lease are starting to increase as students are starting to look for a unit to avoid the summer market. I am always there for you in this difficult market for purchase or even condo lease. Call me today... [read more]

I wish you all a Happy Family Day! Vinson Li - Real Estate Agent 647-922-9032  Real Estate 📧 vinsonlirealty@gmail.com  Real Estate website: www.vinsonlihomes.com  #SuperstarsRealty #superstarsopenhouse #torontoopenhouse #openhousetoronto #superstarsteam #torontorealestate #realestatetoronto #markhamrealestate #scarboroughrealestate #aurorarealestate #newmarketrealestate #richmondhillrealestate #superstarsign #homesearch #justlistedtoronto #地產明星 #明星地產... [read more]

Love is a great master. It teaches us to be what we never were. May this day of love unfold true love for you and your dear ones. #SuperstarsRealty wishes you an amazing valentine's day! Vinson Li - Real Estate Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Real Estate website: www.vinsonlihomes.com #valentinesday2022 #HappyValentineDay #superstarsteam #torontorealestate #realestatetoronto #RealEstateBrokerage #torontorealestateagent #torontorealtor #realtorlife... [read more]

The Toronto real estate market is booming. The average price of a condo in downtown Toronto is $760,643, which is equivalent to 500 square feet of 1 bedroom, with an average price of $1520/sq ft. Imagine some of the pre-construction projects for that price range including Frederick Condo, Concord Sky, Saison, Central, King Landing, Sugar Wharf, Festival and many more. These pre-construction condos will be the future price in 4-5 years down the road as these condos are being built. More and more... [read more]

Happy year of the tiger! May the year of tiger brings you prosperity and good health. May God bless you and your family. Vinson Li - Real Estate Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Real Estate website: www.vinsonlihomes.com #happychinesenewyear #Happyyearofthetiger #春節快樂 #2022春節快樂 #SuperstarsRealty #happylunarnewyear #superstarsteam #torontorealestate #realestatetoronto #RealEstateBrokerage #torontorealestateagent #torontorealtor #realtorlife... [read more]

October Housing Market is out. Throughout the pandemic, businesses and the economy is getting much better and everyone is getting their vaccines. The condo market is very strong and is making a comeback. The rental market is cooling down a bit, but the rental market is still booming. The number of inventory in term of housing cannot keep up with the demand. This is always take into the fact if the market is a buyer market, seller market or a balance market. Contact me today at... [read more]

On this Thanksgiving, Superstars Team wants to share our genuine appreciation for all of our clients. We wouldn’t be where we are today without you! We wish you a wonderful Thanksgiving!   Vinson Li - Real Estate Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Real Estate website: www.vinsonlihomes.com   #Thanksgiving #HappyThanksgiving #感恩節 #感恩節快樂 #SuperstarsRealty #superstarsteam #torontorealestate #realestatetoronto... [read more]

The September Real Estate Market is now out. As the weather get cooler and the day get shorter, the housing market is still very hot! What I am seeing is there is barely any inventory on the market, which means we are still in the seller market. Average sale price in the GTA is almost close to $1.2 million compare to last year ! I seen property that got sold over asking within 1 to 5 days. Finding a right agent is very important to help you to find your dream home or maximize the value of... [read more]

May your life be as perfect as the full moon on the night of mid-autumn festival ! Vinson Li - Real Estate Agent 647-922-9032 Real Estate vinsonlirealty@gmail.com Real Estate website: www.vinsonlihomes.com #happymidautumnfestival #midautumnfestival #midautumnfest#moonfest #happymoonfestival #moonfestival #中秋節#中秋節快樂 #SuperstarsRealty #superstarsteam #torontorealestate #realestatetoronto #RealEstateBrokerage #torontorealestateagent #torontorealtor... [read more]

The August real estate market is officially out As the government is keeping an eye of the number of Covid-19 cases and people are getting their vaccine, the housing market is very strong! The number of new listing right now is 10,609 compare to last year of 18,599. This is a sign that there is a slight shift of the supply as there is a lot of demand for homes and drop significantly. The number of home that got sold is 8596 compare to 10738 that is like a 19.9% drop. The average price... [read more]

It is this time of the month! The Real Estate Market Report is out for the month of July! As the restrictions are easing as we are in the step 3 of the reopening plans and people are getting vaccinated, the real estate market is cooling down a bit, but the price is still increasing slightly. The number of new listings on the market right now is 12,551 compare to last year to 18,119 as this has drop very drastically like 20%. This means the seller is holding back whether to sell... [read more]

Happy Civic Day Everyone! Remember to stay safe and practice your social distancing! 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   #SuperstarsTeam #torontorealestate #realestatetoronto #listingagent #torontorealestateagent #torontorealtor #torontobestrealtor #realtorlife... [read more]

Canada! A beautiful country of wonderful people! We have come a long way and we have a long way to go! SuperstarsRealty wishes you a Happy Canada 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 #happycanadaday #canadaday #加拿大國慶#加拿大國慶日#SuperstarsRealty... [read more]

It is the time to enjoy the company of your family, friends and relatives and enjoy the feasts made with love! SuperstarsRealty wishes you all happiness and good health! Happy Dragon Boat Festival. 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 #HappyDragonBoatFestival #DragonBoatFestival... [read more]

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]

#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]

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]

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 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]

#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]

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]

#SuperstarsRealty wish you all a happy #LanternFestival! [read more]

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]

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]

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]

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]

#SuperstarsTeam wish you all a #HappyValentine!   [read more]

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]

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]

  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]

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]

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]

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]

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]

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]

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]

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]