Hello:
I would like to take this opportunity to thank you for all you did to make 2010 a great year. Your care, prayers, trust, and loyalty are greatly appreciated, and help us become better every year. In the final week of 2010, we often reflect upon the year that was. 2010 was a special year, and like any other year it had its highs and lows. We lost a few great people from our families, friends and the world we live in. The loss of these individuals are always sad moments, however we are fortunate to have had them in our lives and the memories created during our time with them will live forever.
We celebrated victories of the year and have new memories from those, memories that will remain with us for the rest of our lives.
Trying times we faced during 2010 helped to make us stronger and are the stepping stones with which we will make 2011 our best year yet. Thus, we are thankful for these moments as well. 2010 will go down as one of Canada's most memorable. The Vancouver Olympics stole the show, highlighted by Canada tying for the most Gold Medals won and most of all for showing the world that Hockey is our game as our Men and Women made us proud.
The unforgettable G-20 in Toronto stole the spotlight in the summer as out of control hoodlums went on a rampage through our beloved city. Real bullets would have solved the problem quickly, however police chose a politically correct manner - which was challenged by the demonstrators anyway. A black mark over the year, but a learning experience just the same.
Arguably, the third biggest story of 2010 was our HOT Real Estate Market. Touted in late 2009 as the engine that would drive our nation to economic recovery, our Real Estate Market did not disappoint. The world looked on as Canada led the way out of the recession, and our dollar continued its assault on the American greenback. The first quarter saw homes selling quick and for great values as inventory was at an all time low and historically low interest rates fuelled sales activity as renters and new immigrants jumped into home ownership. To say the year opened with a bang would be an understatement, it was more like an explosion! As the second quarter arrived, inventory levels started to rise as more sellers jumped in and thus normal market conditions prevailed. We saw a balance of supply and demand and pricing started to settle. The media saw this as a "bubble about to burst". Whether it was creative journalism or just a lack of understanding on the media's part, the reports scared people. This, coupled with the competition bureau's attack on the real estate industry would become key factors for a slower third quarter. However, year-to-date comparables showed that Real Estate was still strong. As we headed into the third quarter there were a couple of other factors that played roles for a quieter three months: 1. sellers that would have sold in the spring market accelerated their plans to jump into a hot winter market, and 2. buyers wanting to buy in the first and second quarters due to misconceptions about the HST being introduced in July. Along with the media's and Competition Bureau's continued attacks on the market, inventory levels started to drop. Sellers decided to hold off until the dust cleared and buyers held off as they waited for the "imminent" price drops being discussed in the media. At this time, we had our buyers scooping up deals from panicking sellers and told our sellers to wait a few weeks as a sellers' market was around the corner. Sure enough, we called it right! The fourth quarter arrived and, being faced with less than two months of inventory, prices started to climb as buyers jumped off the fence one by one. A settlement was made with the Competition Bureau and exposed the whole "investigation" as much-a-do about nothing! Multiple offers returned, as always happens in a market low on inventory. Much to the media's disappointment, prices did not fall during the course of the year. As we await December totals to finalize our statistics, a very normal 7% increase in value will be the approximate result. Unit sales were down approximately 5% off a banner year in 2009, therefore we declare the 2010 Real Estate Market one of the strongest in recorded history.
As we head into 2011, we are predicting a modest increase in value of approximately 4-5% with sales remaining steady at 2010 levels. The first quarter will continue to be strong as we have less than 6 weeks of inventory on the market. Buyers are out there looking to take advantage of low interest rates. As the second and third quarters arrive, normal conditions will once again prevail. Interest rates will not increase significantly, therefore it will be a great year to buy and move up to your next home. With our dollar at par with the American dollar, we have initiated a program to help you find and purchase property in the USA to help build your portfolios and have established affiliations with colleagues across the world to assist you in buying and selling properties everywhere. Our slogan for 2011 is "No Limits, No Excuses, No Fear!". We are prepared to do what it takes to get you to realize your dreams. We will make it happen. Wishing you health, happiness and much success in 2011, and assuring you of our commitment to helping you attain your Real Estate goals and dreams. Happy New Year, and Thank You so much once again. Best regards, Asif
I would like to take this opportunity to thank you for all you did to make 2010 a great year. Your care, prayers, trust, and loyalty are greatly appreciated, and help us become better every year. In the final week of 2010, we often reflect upon the year that was. 2010 was a special year, and like any other year it had its highs and lows. We lost a few great people from our families, friends and the world we live in. The loss of these individuals are always sad moments, however we are fortunate to have had them in our lives and the memories created during our time with them will live forever.
We celebrated victories of the year and have new memories from those, memories that will remain with us for the rest of our lives.
Trying times we faced during 2010 helped to make us stronger and are the stepping stones with which we will make 2011 our best year yet. Thus, we are thankful for these moments as well. 2010 will go down as one of Canada's most memorable. The Vancouver Olympics stole the show, highlighted by Canada tying for the most Gold Medals won and most of all for showing the world that Hockey is our game as our Men and Women made us proud.
The unforgettable G-20 in Toronto stole the spotlight in the summer as out of control hoodlums went on a rampage through our beloved city. Real bullets would have solved the problem quickly, however police chose a politically correct manner - which was challenged by the demonstrators anyway. A black mark over the year, but a learning experience just the same.
Arguably, the third biggest story of 2010 was our HOT Real Estate Market. Touted in late 2009 as the engine that would drive our nation to economic recovery, our Real Estate Market did not disappoint. The world looked on as Canada led the way out of the recession, and our dollar continued its assault on the American greenback. The first quarter saw homes selling quick and for great values as inventory was at an all time low and historically low interest rates fuelled sales activity as renters and new immigrants jumped into home ownership. To say the year opened with a bang would be an understatement, it was more like an explosion! As the second quarter arrived, inventory levels started to rise as more sellers jumped in and thus normal market conditions prevailed. We saw a balance of supply and demand and pricing started to settle. The media saw this as a "bubble about to burst". Whether it was creative journalism or just a lack of understanding on the media's part, the reports scared people. This, coupled with the competition bureau's attack on the real estate industry would become key factors for a slower third quarter. However, year-to-date comparables showed that Real Estate was still strong. As we headed into the third quarter there were a couple of other factors that played roles for a quieter three months: 1. sellers that would have sold in the spring market accelerated their plans to jump into a hot winter market, and 2. buyers wanting to buy in the first and second quarters due to misconceptions about the HST being introduced in July. Along with the media's and Competition Bureau's continued attacks on the market, inventory levels started to drop. Sellers decided to hold off until the dust cleared and buyers held off as they waited for the "imminent" price drops being discussed in the media. At this time, we had our buyers scooping up deals from panicking sellers and told our sellers to wait a few weeks as a sellers' market was around the corner. Sure enough, we called it right! The fourth quarter arrived and, being faced with less than two months of inventory, prices started to climb as buyers jumped off the fence one by one. A settlement was made with the Competition Bureau and exposed the whole "investigation" as much-a-do about nothing! Multiple offers returned, as always happens in a market low on inventory. Much to the media's disappointment, prices did not fall during the course of the year. As we await December totals to finalize our statistics, a very normal 7% increase in value will be the approximate result. Unit sales were down approximately 5% off a banner year in 2009, therefore we declare the 2010 Real Estate Market one of the strongest in recorded history.
As we head into 2011, we are predicting a modest increase in value of approximately 4-5% with sales remaining steady at 2010 levels. The first quarter will continue to be strong as we have less than 6 weeks of inventory on the market. Buyers are out there looking to take advantage of low interest rates. As the second and third quarters arrive, normal conditions will once again prevail. Interest rates will not increase significantly, therefore it will be a great year to buy and move up to your next home. With our dollar at par with the American dollar, we have initiated a program to help you find and purchase property in the USA to help build your portfolios and have established affiliations with colleagues across the world to assist you in buying and selling properties everywhere. Our slogan for 2011 is "No Limits, No Excuses, No Fear!". We are prepared to do what it takes to get you to realize your dreams. We will make it happen. Wishing you health, happiness and much success in 2011, and assuring you of our commitment to helping you attain your Real Estate goals and dreams. Happy New Year, and Thank You so much once again. Best regards, Asif