APRIL NEWSLETTER
 

THIS MONTH

The Spring market is here and as we watch the ice melt on the lake , I can't stress enough that now is the time to make that waterfront property move you've been thinking about.  

Buy your dream cottage before the Summer
Sell in a high demand market for top dollar
Invest for the upcoming rental high season

We are starting to experience a shift in the real estate market and whether you are buying in the city, country or waterfront, there are deals to be made.  I've recently helped clients buy properties well below listing price and market value.  When selling this Spring, it is of utmost importance to incorporate a strategic marketing plan to get as many buyers through as possible to achieve top value for your property.  While interest rates rise and more properties flood the market, choosing the right marketing strategize can materialize into hundreds of thousands of dollars.  From Toronto to Muskoka we are here to help you navigate through the process.

As always, if you need guidance on how to strategize your real estate portfolio for financial success please reach out to me at anytime...

Steve Haid
 
PHOTO OF THE MONTH
Photographer Argen Elezi captures some beautiful shots of Toronto, Muskoka and places around the world.  Check out his Instagram feed for more incredible pictures like this sunset shot of Toronto from the island @argenel
(Click picture for link to artist's Instagram)
 
MARKET REPORT

While March posted very strong results, there are signs that a more balanced market is on the way.  We definitely saw a high point for average sale prices in February and experienced a decline month over month into March which is very rare for the Spring market.  The average selling price was up 18.5% year over year ending March with actual sales down over 30% from a year ago due to very limited inventory.  Competition remains strong between home buyers in the GTA and Cottage Country however we did experience a more balanced market compared to a year earlier.  The pace of price growth should moderate throughout the year adding some buying opportunities for end users and investors alike.

The Bank of Canada's interest recent interest rate increases has a direct correlation with average price changes in real estate.  When the cost of home ownership increases, we tend to see a drag on home prices.  This can be seen from any interest rate hike period over the past 20 years.  A period of rapidly declining rates is followed by a surge in home prices and conversely when rates are increasing, home prices are flat or negative.  This means that average price growth should moderate, flatten out or become negative.  My feeling is that average sale prices will continue to decline over the next few months and moderate throughout the year.  

The cottage waterfront market is currently in full Spring market mode which means we are seeing inventory and activity pick up.  The median price for waterfront properties increased 32.6% year over year ending March.  High demand properties are experiencing multiple bidding but I have personally viewed many properties not sell on their offer dates.  This is providing an opportunity for our buyers to purchase lakefront cottages at better pricing which has proven well over the past month with very happy buyers. 

Please reach out to me at any time if you are interested in discussing your real estate portfolio and how to strategically optimize your assets.

Steve Haid

 
CLICK HERE MARKET REPORT TORONTO
 
CLICK HERE MARKET REPORT MUSKOKA
 
FEATURED LISTINGS
Carling Station Rd, Parry Sound
 
Imagine owning 100 acres of your own private land! Ideal glamping camp, hunting camp and/or investment rental property. This nature lovers paradise is adjacent to crown land with mixed forest, flowing river, stream, wetlands and endless trails. Surreal privacy including 3 cabins built in 2019 with loft style features for friends, family or renters. Brand new scenic Treehouse built in 2021. Including solar panels, propane heat and much more off the grid style features. Beavers, ducks, deer, moose & much more will be seen on the property. Only 2 hours from the GTA to see this gem!

(Click picture for link to virtual tour)

Listed at $449,000
 
100 Acres
3 Bunkies
1 Treehouse
36 Hazelton Ave Unit 5B, Toronto

Situated In One Of The Yorkville's Most Exclusive Residential Properties, Suited 5B Features Bespoke Design And Decoration By Bcmr Group Ltd. , Custom Layout Furnishings And Numerous One-Of-A-Kind Details That Will Take Your Breath Away. Steps Away From Toronto's Finest Shops, Restaurants And Nightlife. Don't Miss Your Opportunity To Live In One Of The Best Suites To Ever Hit The Toronto Real Estate Market.

(Click picture for link to virtual tour)

Listed at $12,500,000

2 Bedroom
3 Bathrooms
3750+ Square Feet
435 Richmond St W Unit 502, Toronto

Fashion District One Bedroom Beauty. Impressively Efficient Layout Featuring A 17 Foot Wide Living Space... It's Where You Spend TheMost Amount Of Time Awake, So It Matters! 538 sq. ft. + Balcony; 9ft Ceilings. Bedroom Wall To Wall Closet. Chic Mid-Rise Building Ladened With Style;Only 5 Years Old. 99 Walk Score! Same Builder As The Four Seasons and Shangri-La. Vacant, Freshly Painted & Ready To Go! 

(Click picture for link to virtual tour)

Listed at $669,900
 
1 Bedroom
1 Bathroom
 
PRE-CONSTRUCTION
Horseshoe Resort

Escape the city and enjoy slope-side activities and the four-season beauty of our Ontario landscape at Horseshoe Residences. Own the weekend.

Condominiums coming soon.  Contact Steve Haid for exclusive first access!

Horseshoe Resort is a family friendly Ontario ski and golf resort offering four seasons of fun, conveniently located just over an hour north of Toronto and 20 minutes from Barrie. With 29 Alpine ski and snowboard runs, 30kms of groomed double track set Nordic trails, terrain park, snow tubing, snowshoeing, fat biking, golfing, man-made lake, wakeboard cable park, indoor and outdoor pools, Treetop Trekking, Yamaha Adventures, hiking and biking trails, two restaurants, Vetta Nordic Spa and more, there’s something for everyone!

(Click picture for link to Horseshoe Resort website)
Muskoka Bay Resort

Detached homes, Villas and Condominium units!  Exclusive first access to these exciting new developments in the heart of Muskoka.  Contact Steve Haid for real first access before the public...

Life is Better In Muskoka

Beautiful design with uncompromising quality, Muskoka Bay Resort’s homes, villas, and condominiums aren’t just a place to live. They’re a journey to the best of life’s offerings. Contemporary with a northern twist, these homes feature soaring views, plentiful amenities, and the latest luxury appliances. All real estate purchases come with a golf membership, access to the clifftop clubhouse, and a number of ways to experience the natural beauty of Muskoka Bay Resort.

Starting from the $400K's for Condo's, $800K's for Villa's and $1.3M+ for Estate Homes

(Click picture for link to Muskoka Bay Resort website)
 
REAL ESTATE NEWS
Will The Latest Interest Rate Hike Cool Off Canada's Housing Market?  Experts Aren't So Sure:
https://www.cbc.ca/news/canada/toronto/bank-of-canada-housing-market-interest-rate-hike-1.6420232

Rising Interest Rates Already Cooling Real Estate Market:
https://torontosun.com/opinion/columnists/lackie-rising-interest-rates-already-cooling-real-estate-market
 
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WWW.STEVEHAID.COM