Enjoy the read and if you (or someone you know) are looking for a Realtor who cares MORE about your concerns and your Real Estate goals than about their own volume of transactions and awards, please let me know the best way for me to connect.

(Note: if you enjoy this newsletter and think someone in your life would benefit from it, please consider forwarding it to them and asking them to  sign up here to receive it themselves.) 
 
ORANGE IS THE NEW BLOG!
 

1. 
TORONTO MARKET STATS FOR APRIL 2020 
#COVID EFFECT



APRIL SHOWERS BRING....... MAYDAY? M'AIDAY?

I am not going to try to "spin" these numbers OR to try to forecast where the market is taking us.  I can only give you the data.  I do believe that the housing market is "on pause" right now.  And I know that we have an economic problem.  But I DON'T KNOW how these 2 markets are going to perform for us in the long term.  And neither does anyone else.

Let me help you focus on these numbers so that you can determine where we are right now and how they might affect your Real Estate decisions going forward.

Yes. Sales tanked compared to April 2019 by 67%
Yes, New Listings were down by  64% vs l/y
Yes, Total inventory was 41% MIA  vs same period l/y
BUT LOOK AT PRICES! basically flat (up .1%)  in the GTA
And, average days on market were the same as last April...19, which is shockingly fast, all things considered.

When I drill down to the city, we still have only 1.6 months of inventory and sales took place in 18 days and sold for 98% of the asking price. 
This is STILL A SELLERS' market.  Between 4 to 6 months of inventory is a balanced market (no leverage for buyers or sellers) and above 6 months, it is a buyer's market. 
The CONDO market has been hit by the banning of Airbnb and so in many buildings investors are unleashing their units into the rental market.  In addition, many buildings did not allow showings in April, which affected sales significantly and so prices are going down due to supply going up faster than demand. 

So what is all the excitement about?
It's about the uncertainty.

Detached home prices fell by almost 8% (but that is a reflection of the luxury homes sitting on the sidelines in April) resulting in most sales generated were for homes in the $1.5 to $2.5 Ml range...NOT that your home is now worth 8% less.
Semi detached homes sold on average for 101% of the ask....as if they had no respect for the virus.

Bottom line, the fundamentals of supply and demand are still aligned. On the face of it, so far, we do not have a Real Estate problem, but we DO have an economic problem....which will, in turn, affect Real Estate, materially and psychologically.







Look at the above graphics.  Historically, the financial "flight to safety" in times of crisis, is to rush to invest in standard measures of value, like gold and DIRT.  Land is not a renewable resource.  It is finite.  They don't make it any more.  People need homes. 
You can see from the above that at the base of the graphs of "hierarchy of needs" that SHELTER has been a fundamental need throughout our existence.  
You will also see from the GDP chart, the #one industry contributing to our society's financial wellbeing is Real Estate. Cities, provinces, countries depend (to the tune of about 20% or more of GDP) on land, housing and real estate related industries to support and grow their local economies.

The months of May and June will be key indicators of how resilient our housing market will be, and I will be here to give you the facts and to help you with any concerns or questions you might have about your future Real Estate decisions. 

Stay safe.  Stay well.  Stay informed.


2. Jill's COMEDY CORNER



 
My delivery method of groceries has changed during these times.  Oh and I'm buying in BULK.  #orangecrush.


I have an unfair advantage in this business.  I CARE more.



What my clients are saying: 

" Jill, s ome women think being tough means being a bitch. You, however are the iron fist in the velvet glove.  You're tough, but people don't even notice because they're so busy admiring your gloves"



3.  MY TRIBE.  MY CLIENTS.  MY PASSION.

As most of you know, I am an ACCREDITED  Seniors Real Estate Specialist (SRES).

Why did I pursue this extra study? Because I TOO AM A SENIOR and am now even MORE qualified to help any "seasoned" clients with perhaps, one of their most profound Real Estate decisions to date....that last move! 

I have had to MAKE THAT MOVE. 

I UNDERSTAND what worries/concerns are ahead of you. 

I CARE about the right outcome, knowing "ONE SIZE DOES NOT FIT ALL". 

I KNOW how you feel, but better than that, 

I KNOW HOW TO HELP you move forward with your lives in order to make the most of your occupations, recreations and DREAMS for your well deserved future. 

Finally, I AM DEDICATED to showing you that "not all seniors are created equal"...there's a lot more gas in our tanks and a lot more fun in our futures! 

I will now be posting a monthly article that I think will educate, amuse and delight "my tribe"....as well as everyone else who knows and loves a member of "my tribe".  You young 'uns can learn a thing or two as well.  You're right behind us after all!

 
                                        
  


  

4.  Jill's MONTHLY "SENIOR MOMENT" 




As you all know, this subject is on everyone's mind!  But I want to address the most vulnerable of the group that seems to be hardest hit by this novel virus: 
SENIORS.

As you may know, at least 70% of Covid deaths in Canada have occurred in Seniors long term care facilities.  Not just in Canada, but in many developed countries.  This is an INTERNATIONAL OUTRAGE.  
The underbelly of many countries' health care systems has been exposed and there cannot be a return to "business as usual", where, looking after our national treasures, yes, SENIORS who have paved the way for future generations, who have paid their taxes and contributed to every aspect of our economy, are being cast aside as old, no-longer-needed OR valued people who have exceeded their "best before" dates.
If any of you know of someone in your world who is thinking about a move but is hesitant, in panic mode or on overload with the "overwhelm", please don't hesitate to connect with me.  I have a box of superpowers for them.

I CARE.  I'M ONE OF YOU.  I'LL FIGHT FOR YOU.  I'LL WIN!


               5.  JILL'S "BOUQUET "OF THE MONTH



My "ANTI BODIES" TO COVID.

My weekly bouquets of spring tulips keep my spirits up. Amidst all of our global woes regarding health, death, loss of income and jobs, do yourself a favour.  Make one for yourself.   "Heal thyself".  It works.
Your environment must support your passions and pursuits.
#minedoes



6.  And finally, Jill's "ORANGE CRUSH"  of the Month.







At this time especially, I would like to shine a light on the company below, who, in one of our darkest times, when we are "sheltering" at home, are still making "heroic moves".  Many women and children are sheltering in very dangerous homes.  They need our help in bringing them to safety.  Now more than ever, when forced and prolonged proximity to abusers is ever more dire.  Please go to sheltermovers.com and help these most vulnerable families get to safety.





Note to self: Don't just move your clients to their dream home, Jill.
 Move an abused family to a safe home.
#sheltermovers.com

 


PS:  if you enjoy this newsletter and think someone in your life would benefit from it, please consider forwarding it to them and asking them to  sign up here  to receive it themselves.)

My best always,
                     
"Your Toronto 
HOME Advantage!"


Jill Lubinski  CNE, MCNE, SRES
Sales Representative
Chestnut Park Real Estate Ltd
Tel:  416.925.9191  Cell: 416.473.6996
jill@jilllubinski.com
www.jilllubinski.com
   
    
               Vice Chairm an's, President's
                    & Director's Awards for
              Outstanding Sales Performance
                             2009-2019