BURDI Real Estate
10473 Islington Ave. LOJ 1C0 Vaughan, ON, Canada

No one has a crystal ball - Stop obsessing over the housing market, attempting to guesstimate when the market will "correct" and lend itself to an "ideal time" to make a home or investment purchase. The best time to buy is when you are financially stable enough to do so - period. If and when a market correction comes, there will without question be a boom in its footsteps. The reality remains - major urban centres and suburbs in Canada are suffering a housing shortage. ... Even if 30,000 new homes were added to inventory tomorrow, it would not keep pace with the ever growing demand and volume of qualified Canadians and new immigrants moving to our province every year - looking for home ownership. Remember - in the long term, real estate is a proven "time tested and true" investment - always recognizing significant appreciation in value over the long run. If you have enough saved up and the ideal property is on the market, it is best to act quick. That ideal property will surely sell as quickly as it was listed!

You've finally saved up enough to put a down payment on your dream home and you've been preapproved for a mortgage. There is of course, more associated with the home buying process and related costs in purchasing a home. Plan for the legal costs on closing, and land transfer tax (Double if you're looking in Toronto) if you already own property. Another closing cost to factor is a home inspection - which is essential to evaluate the condition of the home -as it will identif...y the structural and operational integrity of the home and itemize necessary repairs and restoration. If you're purchasing a home for the first time or purchasing a pre-construction condo/house, consider the costs for as a utility deposit and HST paid on new construction respectively. It’s wise option to set aside 3% of your home's purchase price to cover all necessary closing costs. Let me assist you to Buy With Confidence & Sell With Success See more

Check out the December 2020 GTA market update! Despite increased COVID-19 restrictions in the GTA, 95,000 homes sold in 2020 - representing the third best year on record! The average selling price for all home types reached a new record at nearly $930,000, up 13.5% compared to 2019.... Following pandemic related restrictions on transactions in early spring, home sales quickly rebounded and soared upward during the summer and fall months. We realized a strong recovery in the later half of 2020, assisted by low mortgage rates and the enhanced use of technology for virtual showings and open houses. Overall, the real estate market continued to drastically improve during the summer and fall seasons, with month after month of record breaking sales and selling prices. Compared to December 2019, overall home sales increased 64.5% year-over-year. The single-family home segment recognized a large growth in listings and sales. The condo segment experienced the second best third quarter on record in terms of sales and average selling price, with condo selling prices were up 8.3% year over year.

Although this year’s Christmas festivities are much more lowkey, as we celebrate with a much smaller gathering of loved ones in comparison to Christmas’ from years past, the spirit of this holiday hope, faith, joy, love & belief remains stronger than ever and very much alive in our hearts and our souls. This year’s unprecedented circumstances present a fantastic opportunity for us to spend an intimate Christmas with our closest loved ones, and an opportunity to reminisce and share stories over the great memories of Christmas past. I wish you and your loved ones all of the happiness, joy and love of the Christmas season. Merry Christmas!

Congratulations - You've been pre-approved for a mortgage and your dream of home ownership will soon become a reality! Your first instinct might be to go and celebrate, or start buying new appliances and furniture for the new home. However, hold off on making large purchases and large spends for just a few months - until the deal has fully closed. Lenders want to ensure they've made the right decision and can entrust you with a mortgage - so it is wise to not make any large purchases until the mortgage closes, as it could effect your credit score and your debt to income ratio. Although not very common, a lender can cancel their loan at any point up until the deal closes!

As the Toronto Condo market has taken a hit in 2020 and will likely continue into 2021 due to the Covid-19 Pandemic. The Entry-level and luxury housing markets have been defined this year by the need for more space and due to more people working from home. The housing market has seen a persistent supply shortage and prices expecting to rise by as much as 6%.

Before purchasing a property, it is wise to get a lot survey done, so you know exactly what you are buying and where the property lines are. This will save you from possible aggravation and a dispute with a neighbor if work needs to be done along the property line (such as fencing, extending your home etc.). A lot survey is also useful in determining your property taxes and whether you are paying accordingly.

With the restrictions on small businesses implemented due to covid, a lot of small businesses could use your help. This year instead of shopping at Amazon, Walmart or any other large retailer giant, get into the holiday spirit and support your neighbors and and friends. Shop local. Join the Shop Vaughan Facebook group to buy or sell you local products and services https://bit.ly/3p0nxkj

"Be steady and well-ordered in your life so that you can be fierce and original in your work." -Gustave Flaubert

Financial Tips for a New Year that’s Merry and Bright! https://bit.ly/2XllFXu

Vancouver Housing Sales Surge by 29% in October Despite Economic Slowdown https://bit.ly/2Iux3wi

Thinking of selling your home? Find out what it's worth using our home evaluation tool. We look at the cost of comparable homes in your area to find an accurate rate click the ink here (https://bit.ly/2K9vzsx) Let me assist you to Buy With Confidence & Sell With Success

Would you trust an amateur doctor with your health? Why should your home be any different. When it comes to buying or selling your home leave it to the professionals . Buy With Confidence - Sell With Success

High Demand for Housing in GTA Will Continue Beyond COVID-19: TRREB https://bit.ly/2UjcWnm

The Ultimate Maintenance Checklist to Keepburdi Your Home in Top Shape Year-Round https://bit.ly/2Jhw6BX

Check out the October market update! Economic recovery in some sectors coupled with low borrowing costs has kept home purchases top-of-mind for many GTA residents. With this being said, this hasn’t even accounted for all of the pent-up demand that resulted from the spring downturn. Record or near-record breaking home sales are expected for the remainder of 2020. Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row : a 25.1% i...ncrease compared to transactions in October 2019. Sales and new listings reached record levels for the month of October. Conversely, the condominium apartment market segment experienced more than double the new listings compared to October 2019, whereas condo sales were only up by 2.2% over the same period. Competition between buyers of single-family homes, and particularly detached houses, remains strong and continues to support double-digit annual rates of price growth in many GTA neighborhoods. Condo buyers are benefiting from much more choice compared to last year. Pre-COVID polling had already pointed to an increase in condo investor sell off in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cashflows for many investors. The MLS HPI Composite Benchmark was up by 10.8 per cent on a year-over-year basis in October 2020. The average selling price for all home types combined was $968,318: a 13.7% increase compared to Oct. 2019. See more

As the seasons begin to change its important to remember a few things and prepare accordingly before winter hits

GTA Housing Market: Pickering Real Estate Snapshot https://bit.ly/32xp1tm