By: Gavin Chen

July 2019

Tags: 2019 NEWSLETTER, ROYAL LEPAGE TERREQUITY BESPOKE REALTY, GAVIN CHEN, THE GAVIN CHEN TEAM, TORONTO REAL ESTATE, OAKVILLE REAL ESTATE, MISSISSAUGA REAL ESTATE

July Report

Summer is finally here and that’s great news for those of us who enjoy spending time in the great outdoors!  Whether you prefer sports or leisure activities - or ambitious do-it-yourself projects - here’s hoping the days unfold just the way you wish.

The real estate is unfolding as expected.  Still a seller's market and very active.  June 2019 had 8,860 sales which is a 10.4% increase in sales from June 2018.  Average sale price is up 3% from June 2018, which remember is for the whole GTA.  Central Toronto experienced higher appreciation levels.  Rental increase allowance for 2020 is posted at 2.2% which is an increase from 1.8% this year.  Multi-units continue to offer amazing investment opportunity and way for 1st time buyers to subsidize their purchase.

If you are looking for an RRSP eligible investments offering 20% or more returns, please let me know.  (Please note, for Accredited Investors only).

Some of the best summer days are spent getting together with family and friends for fun, food, refreshments and relaxing conversation.  If your discussions turn to real estate, I sincerely hope you will refer me to your friends and family for general inquiries or any specific questions they may have.  I appreciate it when you let others know that I’m available to assist them as I would assist you.

Have a wonderful summer!

Foodie Tip: Lahore Tikka House at 1365 Gerrard St. E. - Loud and casual dining resto in the Indian Bazaar.  Huge servings of biryani with massive chicken chunks, great kebabs and great naan.  They also have panipuri, which is a great street food snack.  Little crispy crepe bowls filled with spiced water, chickpeas, chutney, tamarind.  Pop it in your mouth and witness the taste explosion.