Toronto Real Estate News from Paul Chan and Ewan French June 2019   
  Real Estate News

Paul Chan

315 Castlefield Avenue
Toronto, Ontario

Hi Paul,

Record sales for Modern Family Realtor clients last month with two listings going $166,700 and $141,500 over asking! #HappySellers

Join the Modern Family Realtor team on Thursday June 13 at the Firkin on Yonge at 5:30pm for our Pride Kick Off Event!

The ability to successfully negotiate can be a real game changer! This month’s article discusses some simple negotiating tips that will help you successfully navigate your way through virtually any situation.

Thanks so much for checking out this month’s newsletter. Please get in touch if you have any questions or comments regarding the articles, or real estate in general. It’d be great to hear from you!

Paul Chan and Ewan French

In this issue...
May was a very successful month for Modern Family Realtor seller clients with record sales below!

Don’t wait and miss out on this hot Spring market.  Get your free Comparative Market Analysis report and listing consult today to see how much you can get in today’s market.

1. May 14, 2019
275 Broadview Ave 187
9 offers
24% over asking
$141,500 over asking

2. May 28, 2019
132 Fitzgibbon Ave
32 offers
24% over asking
$166,700 over asking

The Modern Family Realtor team works hard to ensure you get top dollar for your property using the following proven techniques.
1.  High end marketing, photography, virtual tour, brochures etc..
2.  Strategic pricing, staging and decluttering.
3.  Top rated real estate team of 5 plus the #1 brokerage in Toronto to get maximum exposure for your listing.
4.  Tough negotiator always working in your best interest to get you the highest price possible!

Join the Modern Family Realtor team as we celebrate pride month and the LGBTQ community.
Date – Thursday June 13 5:30pm – 8:30pm
Location – Firkin on Yonge – 207 Yonge Street (2nd floor)

All attendees will receive 2 drink tickets plus appetizers with the chance to win a free trip to The Westin Trillium House, Blue Mountain!
Come socialize, mingle and network with us and our closest friends, client and family.
Please RSVP by June 13 to secure your spot!

Home sales up from last year but still below 10 year average.

Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.

While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.

The year-over-year uptick in sales experienced so far in the second quarter of 2019 reflects spring polling results from Ipsos (undertaken on behalf of TREB) suggesting that the share of likely home buyers in the Greater Toronto Area has edged upwards since the fall.

“After a sluggish start to 2019, the second quarter appears to be reflecting a positive shift in consumer sentiment toward ownership housing. Households continue to see ownership housing in the GTA as a quality long-term investment as population growth from immigration remains strong and the regional economy continues to create jobs across diversity of sectors,” said Mr. Bhaura.

The number of new listings entered into TREB’s MLS® System in May 2019 was up only slightly compared to May 2018, increasing by 0.8 per cent to 19,386. Year-over-year growth in new listings was far outstripped by year-over-year growth in sales.

Come out and enjoy the biggest street fiesta in Canada!

Get swept up in the fun and flavours of Canada’s biggest Latin-themed cultural celebration!

Enjoy vibrant music, dance performances, an amazing festival parade and some of the tastiest Latin food around!

You won’t be able to stop dancing the day away at the Salsa on St. Clair Street Festival but help is at hand if you’re a novice as salsa and bachata lessons will be offered all day at no charge.

The action will be taking place on St. Clair Ave. West between Christie Street and Winona Drive on Saturday, July 6th and Sunday, July 7th starting at noon. Come out and enjoy the very best in Latin food, music and entertainment. Let the fiesta begin!

The ability to successfully negotiate can be a real game changer!

Real estate agents use their negotiation skills to help both parties move towards a common goal. They are, however, an important skill that everyone can take advantage of.

The principles are the same whether you’re negotiating a raise with your boss or a curfew with your teenager. Here are a few techniques to consider:

  1. Silence is Golden – Don’t say anything after making an offer. This gives the other party a chance to think but more importantly, it forces them to break the uncomfortable silence.

  2. Cash or Charge? – If your child hates doing their homework, simply ask “Would you like to do your homework before or after dinner?” Instead of excuses, they’ll just pick an option.

  3. Plan B, C and D – It’s important not to paint yourself into a corner so always leave yourself options so that you’ll be able to pivot in another direction if things don’t initially go your way.

  4. Feel, Felt, Found – This technique recognizes the other party’s objection and then offers a solution. “I know how you feel. I felt the same way when I had to go to bed early but the next day, I found I had way more energy!”

Life can sometimes be a challenge but honest communication and the ability to negotiate can turn virtually any circumstance into a win-win situation!

Negotiating is a huge part of an agent’s skill set, so when it comes to buying or selling a home, be sure to have an expert on your side to help you overcome the various challenges that may arise.

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