Linking Boomers in Toronto

Toronto This Week Week of February 28th – March 5th

Welcome to the weekly newsletter from www.linkingboomers.com with links to the web site. This free site helps people 50+ connect to Events, Volunteering, Classifieds and People. Highlighted Events This Week Tues Feb 28 - Masking Magic ($25) Wed Feb 29 - Ron James (Comedian: $56) Thurs Mar 1 - Leonardo da Vinci’s Workshop: Inventor, Artist, Dreamer ($17-$25) Fri Mar 2 - Women's Day Party/Exhibit Opening (Free) Fri Mar 2 - Toronto International Bicycle Show ($8-$13) Sat Mar 3 - Toronto Golf & Travel Show ($8-$15) Sat Mar 3 - Gospel Fest On Film: Toronto’s 1st Christian Film Festival Sun Mar 4 – Sweet Taste of Spring Maple Syrup Festival ($6-$11) Sun Mar 4 - Scarborough Model Railroaders Train Show ($2-$5) Mon Mar 5 – Raptors vs. Magic View all Events at the web site www.linkingboomers.com February 29th is Anti-Bullying Day in Canada Bullying can be prevented. The Canadian Red Cross is working to break the cycle of interpersonal violence through Red Cross RespectED training for teachers, youth and children. Education is the key to prevention. Click here for more information. New Volunteer Opportunities Friendly Visitor, St. Paul's L'Amoreaux Centre (Part Time) Canadian Cancer Society - Daffodil Days Volunteers Needed! Canadian Cancer Society Group Communication Facilitators (Aphasia Program), March of Dimes Canada (Part Time) View all Volunteer Opportunities at the web site www.linkingboomers.com Meet People in Toronto! If you want to connect with others 50+ in Toronto for friendship, dating, travelling, or to do activities with - create a free profile in the People section today! Classifieds Hoping to sell or rent? Looking for something? Post a free ad or search all ads. Our Monthly Sponsors Canadian Red Cross - Plan Your Legacy Gift Today Forward to a Friend! We appreciate you letting others know about this free community web site for anyone 50+. Simply forward this email. Thank you!

RE/MAX agents connect on Pinterest

I invite those outside of Toronto/ Mississauga to reach out and create or join their own Pinterest Group for referrals.

Looking for RE/MAX agents that would like to join a referral working group on Pinterest
http://pinterest.com/davidpylyp/re-max-referral-board/

David Pylyp Toronto and Mississsauga 647 218 2414

Our Vacancy Rate is 1%

With all the talk about Toronto Condo Bubbles, Housing Bubbles and all the informed conversations online about HOW the Real Estate and condo market in TO will collapse this year; I offer this simple answer.

Toronto has a vacancy factor of less than 1% Yes 1%

This article from Forbes magazine posts in very graphic fashion the vacancy factors in major US cities that have exceeded 14% and actually have broken the figures down separately for homes for sale. This is further impacted by the homes repossessed under foreclosure but not yet released for sale by the bank.

http://www.forbes.com/2009/02/12/cities-ten-top-lifestyle-real-estate_0212_cities_slide_2.html

It was during my conversation with Tamara Dorris, a Sacramento Real Estate personality, a guest appearance on her BLOG TALK radio show that some misconceptions came to light.

Blog Talk Radio Interview with Tamara Dorris

Power of Sale properties in Toronto are actually far and few between; any new construction crane that you see is prepaid by 15% on each unit and a sales rate of 75 to 80% before they even start digging the foundation. Investors, business and First time buyers are buying because they can rent with a (1% vacancy factor) market rent averaging $1,500 for a one bed $2,000 for a two bedroom.

Toronto is in a Sellers market with a 32 day supply of homes. There is a lack of homes available for sale in the under 750 thousand range where most heeled couples are purchasing their first or second home. Toronto sold 90K homes in one year at an annual increase of about 5% in value.

This increase in value has continued unabated since 1995.

Could it stop Tomorrow - Sure.... Do I think it will... No. Why?

Toronto's average price increases have been 2 - 3% over the rate of inflation.

Toronto has and is becoming a Service Information Technology based business Center. Universities in Toronto are rated world class. Markham is the new home for many companies. Mississauga's growth and success has been the attracting Fortune 500 companies. Kitchener Waterloo is undergoing a revival in the inner city with the addition of Google and RIM Blackberry.

Come join us in Toronto!

You'll like it here!

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