The Deutschmann Team
RE/MAX TWIN CITY REALTY INC.
Phone: (519) 841-6511
Email: info@elitere.ca
Website: www.elitere.ca
 
 

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The final sales numbers are in from last month, and it is no surprise that they revealed an abnormal number of home sales for the month of January.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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There were 351 residential homes sold through the MLS® System of the Kitchener-Waterloo Association of REALTORS® in January, an increase of 24.9 % compared to January 2020, and an increase of 1.4 % compared to the previous month. The previous 10-year average number of residential sales for January is 286.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Total residential sales in January included 201 detached (up 31.3 % from January 2020), & 71 condo units (up 97 %). Sales also included 21 semi-detached homes (unchanged) and 56 freehold townhouses (down 17.6 %).⠀⠀⠀⠀⠀⠀⠀⠀⠀
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In January, the average sale price of all residential properties sold in 2021 increased by 23.9 % to $695,582 compared to the same month last year. Meanwhile, the average price of a detached home hit a new milestone by exceeding $800,000 for the first time, coming in at $853,945 an increase of 27.3 %. During this same period, the average sale price for an apartment-style condo was $383,196 for a decrease of 1.4 %. Townhomes and semis sold for an average of $566,345 (up 29 %) & $626,512 (up 29.3 %) respectively.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The average number of days to sell in January was 16 days, compared to 22 days in January 2020 and a previous 5-year average of 30 days.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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There has been strong consumer demand for single detached homes, and buyers are willing to pay a premium for this property type. Home supply cannot keep up with consumer demand. It has also been observed that there is a significant influx of purchasers coming from the GTA. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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In today’s highly competitive market, it is CRITICAL that you use an experienced Realtor. If you have any real estate questions or are looking to buy or sell in the current market, please contact us any time. We would love to help! 

 

EXCLUSIVE OPPORTUNITIES:

We have been presented with the opportunity to sell a select few units at two very desirable condo developments in Kitchener-Waterloo; Charlie West in Downtown Kitchener, by Momentum Developments, and Blackstone Modern Condominiums in North Waterloo, by Urban Legend Developments. For more details, floorplans, and pricing visit: https://elitere.ca/exclusive-listings/

 

ONTARIO'S RESIDENTIAL CONDOMINIUM BUYERS GUIDE:

The Province and the Condominium Authority of Ontario (CAO) announced the launch of a new Residential Condominium Buyers’ Guide to help buyers navigate the condo purchasing process.⠀⠀⠀⠀⠀⠀⠀⠀⠀
As of January 1, 2021, developers across the province are required to provide purchasers of new or pre-construction residential condos with a copy of the guide at the time of purchase and sale.  The guide includes information on a variety of aspects of condo ownership, including:⠀⠀⠀⠀⠀⠀⠀⠀⠀
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✔️ The condo purchasing process⠀⠀⠀⠀⠀⠀⠀⠀⠀
✔️ Information surrounding purchases of pre-construction units⠀⠀⠀⠀⠀⠀⠀⠀⠀
✔️ Condo living and governance⠀⠀⠀⠀⠀⠀⠀⠀⠀
✔️ Resources for resolving issues related to condo living⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Under the Condo Act, purchase agreements for new or pre-construction condos purchased from developers are not binding on purchasers until developers provide purchasers with a copy of the current disclosure statement. As of January 1, 2021, this requirement has been amended to also require developers to provide a copy of the guide.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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The guide provides useful information for consumers buying a new or pre-construction condo, as navigating rules that are specific to condos can be tough. Shared ownership and governance of condominiums adds a degree of complexity to purchasing and owning pre-construction and resale condominium properties. The guide helps purchasers to make sense of it all.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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If you would like more details, or a copy of the guide, please contact us!

 

FEATURED LISTINGS:

Click here to see all of our fantastic listings and their virtual tours.

https://elitere.ca/team-listings/


 

Balancing the Emotional and Practical Sides of Buying a Home

 
 
Imagine this scenario...

You’re shopping for a new home. You drive to visit a recent listing. As you walk through the front door, you’re impressed. Every room looks fantastic. You see yourself relaxing on the spacious patio, cooking in the modern kitchen, and enjoying evenings with the family in the cozy living room.

Your emotions are on overdrive. This is your dream home!

Should you make an offer? Probably. In fact, you should make that decision quickly in case there are other interested buyers.

However, your decision shouldn’t be guided purely by emotion. You want to make sure you take practical matters into consideration too.

For example, you’ll want to consider:

  • Is the property within your price range?
  • Does it have everything you need?
  • Do you like the neighbourhood?
  • How old is the property? Are there items, such as the furnace, that may need to be replaced soon?
  • Will it need any major repairs or upgrades?
  • What are the average monthly costs of carrying the home? (Property taxes, utilities, etc.)

Once you’ve considered the purchase of the home from a practical standpoint, you’ll have a lot more confidence in your decision when you make an offer.

Need help? Call today!

 

Create More Space in your Kitchen

 
 
Need more storage space in your kitchen for your growing collection of cookware, tableware, and supplies? You don’t have to do a renovation or even add a new table or cupboard. Here are a few simple ideas:

Pantry dividers. These enable you to store baking sheets, cutting boards and platters in an upright position, effectively doubling the storage capacity of that area.

Removable wine rack. This is simply an X made with wood and then slid into a cabinet space. You can make one yourself or find one that’s the right size at a kitchenware or home improvement store near you.

Hanging baskets. These are ideal for storing cooking utensils, fruit, vegetables, pasta and other items.

Hanging rod. This is similar to a towel rack, except you use S-shaped hooks – which you can find at any home improvement store – to hang pots, pans and other items. Restaurant kitchens often use these.

High shelving. A shelf installed high up the wall – near the ceiling – that wraps around the kitchen and dining area, can easily double your storage space.

There are many other products on the market that can help you make the most of your kitchen space. Look for options at your local home improvement or kitchenware stores.

 

Avoiding Moisture Problems in the Home

 
 
There are many hidden sources of moisture in your home that can lead to serious problems, such as mould.
 
To keep moisture levels in check, consider these tips:
  • Bathrooms are an obvious source of moisture build-up. Contractor and TV personality Mike Holmes recommends keeping the fan going for at least half an hour after a shower.
  • Check regularly for water infiltration around window and door sills, as well as other intakes into the home, such as dryer vents and cable wiring.
  • Determine the humidity level in your home. According to the Environmental Protection Agency, it should be 30-60%. (Keep in mind that humidity may vary greatly from room to room.)
  • Regularly inspect caulking around sinks, tubs and showers. Even a tiny break can cause water to leak gradually into the wall or floor, causing damage you may not notice for months.
  • Clean up wet spills as soon as possible. Be particularly careful with hardwood floors, as water can seep through and become trapped.
  • Repair leaking faucets and pipes immediately. Even a small drip can add significant moisture inside a vanity or kitchen cupboard.

Being mindful of moisture today can help you avoid potentially high repair bills later on.

 

 

Notable, Quotable, Quotes!

“Throw your heart over the fence and the rest will follow.”
Norman Vincent Peale

“You can have everything you want…if you help enough other people get what they want!”
Zig Ziglar

“Life is not measured by the number of breaths we take, but by the moments that take our breath away.”
Maya Angelou

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