Recent Blog Posts by Jagdeep Singh

How is the Market?

With the 1st Quarter of 2012 already behind us, I have been asked the 'evergreen' question; How's the Market? We all know that it depends on what you are planning on doing, and that is why a personal consultation with a REALTOR is irreplaceable. However, let us look at the general market indicators. In January we looked at the market (http://bit.ly/It_is_not_Doom_and_Gloom) so this should provide a ...

Save on Interest Payments

If you ever watch HGTV Canada, you’ve most likely seen shows like “Til Debt Do Us Part” or Slice channel’s “Princess” – shows that bring in a professional to help people come to their senses and manage their debt. Everywhere you turn these days, you’ll hear people talking about debt. The economic crisis in the United States and Europe has shone a light ...

Toronto's Entertainment District and Real Estate

Empower yourself with knowledge! Here's a brief overview of our wonderful city of Toronto's Entertainment District has to offer in real estate. If you are a first time home buyer, investor, or simply looking to move up or scale down in Toronto housing, size up these opportunities in Entertainment District. The way Toronto is growing, in terms of employment, job growth, new residents and opportunities ...

It Is Not All Doom and Gloom: Real Estate Market Remains Robust

Since this release about the Condo market in Vancouver and Toronto came out today from a banking conference, I had a few clients approach me about it. I am a REALTOR® in the Greater Toronto Area and felt compelled to write this blog about the situation, at least as it pertains to Toronto. While I am no financial analyst, I do however understand the real estate market. Anyone who can read between ...

Falling Glass Panels in Toronto Condos

There have been several instances of falling glass panels and failed window seals in condominium apartments in the Greater Toronto Area. While the construction industry and government initiatives deal with these issues and try to prevent any further occurrences, I believe planning by condominium boards is also important for the future of these glass clad towers and to protect the investment of the ...

Emotions can hinder sale of matrimonial home after a marriage breakdown

There are many  different situations in real estate sales, but one that can be particularly tricky is the sale of a matrimonial home following a marriage breakdown. Selling a matrimonial home after the break down of the relationship is full of emotion – lots of anger and mistrust.   “I have had dealt with these situations”, says Jagdeep Singh, a Toronto real estate ...

'For Sale By Owner' Founder Needs a Real Estate Broker to Sell His Apartment

Colby Sambrotto is a founder of the website ForSaleByOwner.com, which lets people sell their own real estate. Colby Sambrotto had an apartment of his own to sell - a two bedroom in Chelsea. Can you guess what happened next?   He spent six months trying to sell his condominium himself through his online listings and classified ads, before turning over the listing of the 2,000 square feet apartment ...

FLY Condos Construction Update

To my Valued Clients: Here are the construction photos of FLY condos. These were taken today (15 August 2011) at 2:20pm

The Housing Situation and Needs of Recent Immigrants

Access to adequate, suitable and affordable housing is an essential step in immigrant integration. Settlers first seek a place to live and then look for language and job training, education for their children, and employment. Housing is an important indicator of quality of life, affecting health, social interaction, community participation, economic activities, and general well-being. Throughout ...

The Recognition That It Is

It is said that people who volunteer can't help but feel positive about life. Volunteering imbibes in others the spirit of generosity - of giving back to others; even strangers, all the good things we have received in life. It's paying it forward as volunteers would often tell people who ask why is volunteering important to them? Volunteering is a positive chain that goes around making the world a ...

GTA Condo Market Outlook

Before you start reading this blog, please note that the market data charts that the blog refers to are not included here. To view the full blog with the market data charts, please view the blog here We don't need analysis to realize that the condo inventory is going up in Greater Toronto Area (GTA). But is the demand increasing? What is the forecast? Inflation is still in check and as such mortgage ...

Buying a New Condo: CAUTION

My clients have inquired about Uptown Markham, a low and high rise condominium project in Markham by Times Group. While previous performance is not reflective of future, Times Group also had a project in downtown Toronto (C8 TREB district) called the 500 Condos and Lofts If one was to take that project as any indication, I am not sure how the Uptown Markham (http://www.uptownmarkham.com) will deliver. ...

This is what Oxygen looks like

Coming soon to George & Shuter, a breath of fresh design. Breathe in a collision of art and space. Where a collection of Maisonettes & Flats surround a sweeping private courtyard. Where high design, imported Italian finishes and 2-storey "homes in the sky" are yours in a boutique, 14-storey sculpture. Discover a new concept in city living, steps from both historic and renewed pockets of Toronto. ...

My Connections

                                    

Think Fixer Uppers are a Steal?

An online survey of 1,001 Canadians who have purchased a home within the past two years, or intend to buy a home in the next two years, shows that gender plays a role in the selection of new homes vs. 'fixer-uppers'.   More men than women surveyed in the 2011 TD Canada Trust Home Buyers Report preferred fixer-uppers because they are more affordable (14 percent vs. 8 percent) and allow for ...

Average Canadian Family Debt Up

The average Canadian family is dealing with $100,000 in debt and owes far more than it earns, according to a new report released by the Vanier Institute of the Family suggests the debt-to-income ratio is a record 150 per cent. So a Canadian family owes $1,500 for every after tax $1,000 it earns. As per Katherine Scott, director of programs for the Vanier Institute of the Family "As governments ...

A page dedicated to Partners in my Profession

I thank all of you for coming out and making this day and year a special one. I look forward to strengthening our relationships.

Changes to Mortgages Announced by Government of Canada

Mortgage insurance (which is sometimes called mortgage default insurance) is a credit risk management tool that protects lenders from losses on mortgage loans. If a borrower defaults on a mortgage, and the proceeds from the foreclosure of the property are insufficient to cover the resulting loss, the lender submits a claim to the mortgage insurer to recover its losses. The law requires federally ...

Ontario long-term housing strategy does not address homeownership

After months of consultations, the Government of Ontario released its Long-Term Affordable Housing Strategy in December 2010. Ontario’s Long Term Affordable Housing Strategy is designed to improve access to affordable housing. Unfortunately, the strategy does not include a homeownership component, something that OREA strongly recommended during consultations. Instead, the strategy reforms the ...

What happened with me in 2010?

2010 marked a lot of things for me and a lot of them were my firsts. In 2010, I surpassed my previous year's performance as a REALTOR, threw a halloween party for complete strangers (not strangers anymore), took possession of an investment property, lost a friend, enrolled under two professional trainers and met a celebrated Canadian Olympic Gold medal winner athlete Clara Hughes. Clara won ...

Public Service Announcement

I had to share this with everyone I could. If by sharing, I can make a difference even once, then it is infinitely worth a lot. Thank you. (The audio starts a few seconds later in to the video)

Beyond The Sea is Beyond Anything known to Toronto Real Estate

I was there on the weekend. Despite the weather, freezing rain and snow, it was one of the most beautiful site I have seen so far. Beyond the Sea project by Empire Communities is located so close to Humber Bay Park, that if it wasn't for the Lake Shore Boulevard running between the two, the park would seem like it is part of the project. The beautiful vistas of the park and the open views ...

Halloween Party at The 500 Condos and Lofts

Welcome!  Please scroll down and click on each thumbnail to view the videos. For more videos, please visit Real Estate Channel on YouTube. Thanks for visiting.         For more videos, please visit Real Estate Channel on YouTube.

Lease Cheque Fraud in Toronto

A Toronto Real Estate Board Member with a condo lease listing has reported that he received a fraudulent cheque in relation to the property. An individual claiming to be a doctor at the Hospital for Sick Children called the REALTOR recently, indicating that he had seen the listing on www.REALTOR.ca After asking a number of questions about the listing, the individual indicated that another doctor ...

How is the Real Estate Market?

This is one question that we as REALTORS® get asked the most. Although just like the question, the answer has different implications for different people. My advice to both the person asking the question and the person answering the question is to try and understand in relevance your personal situation and goals. Are you selling, buying or just planning on leasing? The answer has to be specific ...