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Considered by many to be the Holy Grail of on and off piste skiing.

Ultimate Skiing Lodge Revelstoke

I have been fortunate in my travels. I have been able to ski, snowboard, mountain bike, and hike in some of the most gorgeous destinations the world has to offer. So, when I was offered the opportunity to go mountain biking in Revelstoke with a few friends, I jumped on the opportunity. I spent the week soaking up clean mountain air and sunshine; hiking over, under, and through glaciers; sunning by the beautiful Columbia River; wandering through the shops in the quaint and friendly town of Revelstoke; and yes, we spent a lot of time scorching down the mountain trails on our bikes.

Why blog about Spring, Summer, and Fall in the middle of a treacherous winter that seems to have frozen time itself? Because the best way to get rid of ‘winter frustration’ is to embrace winter and immerse ourselves in all of its’ glory. The capital of winter glory, Revelstoke, isn’t a one season pony; it has brilliance in all of its’ seasons. Right now, though, it has over 7 METRES of snow. Better than Whistler, and MUCH more affordable. It is the heir apparent, and there’s an opportunity to own 6.5 acres of it at the foot of Revelstoke Mountain Resort.

Interested in owning a slice of the future King of Resorts? Don’t wait till the condos have gone up and there’s no more land for sale. Six and a half acres of dividable land can offer a great pay-out, and the land is available for your use right now. A sumptuous chalet, waiting for you and your guests...and it's up for sale…

Chalet in Revelstoke for sale

Nick Thompson

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The Toronto Real Estate Board's numbers for the month of January 2014 are out, and one thing is clear: the spring market, as the Globe and Mail asserts, has already started. Average home prices are up more than 9% year-over-year, a larger percentage increase than we've seen in many months.

Obviously, this phenomenon isn't due to the joy of house-hunting in knee-deep snow. Instead, it's because of competition. Although sales numbers are down 2.2% from January 2014, new listings are down an astonishing 16.6%. Quite simply, there just isn't enough supply on the market to fulfill the demand of hungry Toronto homebuyers. Multiple offer situations are common, and it's rarely been a better time to sell.

This dramatic rise in re-sale prices isn't new, though; it's been going on since the spring market of 2013. They consistently outdid previous records going back as far as 2010, with the average re-sale price cracking $550,000. Average prices themselves are at a twenty-year high; the average price in January 1995 was between $175,000 and $225,000. The same goes for condos: sales remained strong through the end of 2013, with average prices rising 6.5% compared to 2012.

Knowing this, is it worth it to put your home on the market earlier in the spring? Yes. You'll be targeting serious buyers who really need homes and are willing to pay top dollar for them, rather than dabblers who are just enjoying open house season. Also, there's something to be said for getting in ahead of the rush -- home buyers will be bombarded with marketing in the late spring; an easy way to distinguish your home and its message is to start ahead of time. We're less than two months into the New Year, and spring is a time for new beginnings, for taking stock and assessing needs, wishes, and possible changes. Why not let your home be part of someone's resolution to have a wonderful 2014 in a beautiful new space?

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When does the Toronto Spring Market Begin?

Toronto ended 2013 with the 4th highest number of sales ever in Toronto real estate. Marginally higher numbers of transactions occurred in 2007, 2009, and 2011; from a volume point of view, the Toronto market is still very healthy. Not surprising, really, given the tremendous diversity of our economy and the attractions that Toronto has to offer. January 2014, unfortunately, has seen a lack of new listings. According to TREB’s Marketwatch, ‘the number of homes listed for sale was down quite strongly compared to last year…’. Obviously, this provides an advantage for today's competition!

We often get asked the question ‘What’s the best time to list?’ The answer to that question has many variables. In my experience, each situation is unique; however the strategy that has invariably worked is listing when there was a real gap in inventory. This might mean the difference of a week or even a weekend in some cases. How does that work? If a potential purchaser is looking to stay in a certain school district, and they’re looking for a four bedroom home within walking distance, there are likely to be few suitable homes that will be available for sale that year. Getting your home on the market when there are no listings in direct competition can be a huge advantage. We have been able to put (literally) tens of thousands of extra dollars in our clients’ pockets by carefully timing the listing so that we are filling a hole in the inventory supply.

Everyone wants to list when the flowers are out and the greenery has started to fill in. While this is a good strategy, remember that it might put your home for sale at the same time as your competition. Your unique selling features might be lost amidst the scramble of open house madness. Give us a call, we’ll be happy to provide some help and guidance!

Toronto Real Estate Listings Spring Market

Nick Thompson

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