Lloyd & Devi Sewrattan
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Dear Lloyd, Devi and Natasha, I’m writing this to express our appreciation of the way you handled the sale of our house in Scarborough. My wife and I highly admired your professional expertise and sound ethical approach. Not only were you strongly supportive during our family’s rather emotional decision-making but you also efficiently used your marketing resources to sell our property in just five days – and for far over the asking price. One very positive aspect that I want to highlight is that you promptly responded, either by phone or e-mail or in person, to all our questions and concerns whenever they arose. It was reassuring to know at all times that the Seller is in competent and trust-worthy hands. Finally, thank you very much indeed for conducting this transaction so smoothly. My family will have no hesitation in recommending your services to everyone we know. - M. Aslam

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Dear Lloyd & Devi, My wife and myself would like to congratulate both of you on the excellent job done in selling our home in Toronto. Right from our first meeting we could see the professionalism and caring attitude in your approach to helping us. The marketing evaluation of our home was very well researched and presented beyond our expectations. I can honestly say that you used every resource possible to sell our home including post cards, a professionally videotaped virtual tour, newspaper advertising and a great open house. Your vast effort really paid off as our home was sold within 3 days. Obviously our results were incredible and certainly this could vary from one homeowner to the next. We would confidently recommend both of you to anyone looking to sell their home. It was nice dealing with people that really care and are sincere about what they do. We know that you put through your best efforts and did everything possible to sell our home. Again, congratulations for a job well done!! Best Regards - R. Zazulak

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Hello everyone, We are sorry that we were not able to send this note out a couple days ago but our computer was on the fritz. We would like to thank everyone for your time and expertise on our home evaluation. We were impressed with several of you but as you know, there can be only one. After much deliberation, we have chosen to go with Lloyd and Devi Sewrattan – REMAX REALTRON REALTY. Thank you again for taking the time to meet us. The information you have shared has made it easier to price our home. Fortunately for us, we sold our home last night after 2 days of showing for above asking. Thank again - K. and L. Ramkumar

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Dear Lloyd and Devi, We want to thank you for the job well done in listing our home. You had worked so fast because until now, I can’t even believe that our home was already sold within 4 days only. I could say, “With prayers and the right agents; job will be done so easily.” You showed us your knowledge and experience in doing your work that’s why I told to myself, I did not make a wrong decision to choose you. As a first time home seller, I could say that I’ve learned a lot from you and can share my experience with my friends. I cannot end this letter without letting you know that you are the good examples to our younger agents with no experiences with this kind of job. I can recommend you to all of my friends and people I know without any hesitation. Thank you and keep up the good work. - J. and A. Fajardo

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Monthly Real Estate Update
It was a rollercoaster ride of activity, the highs and lows brought about by government’s decisions to try to slow down home prices increases utilising negative policy changes.

Record sales in the first quarter of the year were followed by a decline in demand in the spring and summer, as home buyers adopted a wait and see attitude towards purchasing as the Ontario Fair Housing Plan (FHP) was announced. Research later showed that while foreign home buying was not a major driver of sales and prices in the GTA, the FHP, which included a foreign buyer tax, had a marked psychological impact on the marketplace. Government policy continued to influence consumer behavior as changes to federal mortgage lending guidelines were announced late summer, and buyers jumped into the market to buy before the guidelines took effect in January.

2017 ended with over 92,000 homes sold and average prices rising to $822,681, up 12.7% over 2016. The condominium market saw the highest increase in prices, followed by semi-detached homes as affordability continued to be the major factor influencing buyer decisions.

All of the current market conditions have been brought about by demand, as population growth outstripped the growth of supply. If the government would shorten the length of time it took to bring new land and new homes to the market (currently years), (a positive policy, as opposed to negative policies of increased taxation and limitation) prices would stabilise.

We believe that the first 3 month of 2018 will be less active than usual due to a number of factors. The first one is that the negative press of the comparison to last year, (best in history) vs this year, will put the average person into a waiting mode to see what happens to prices. The second factor is that many buyers who would have bought in the first quarter, bought in the fall, before the new mortgage changes took effect. And lastly, it’s COLD and less buyers will be out. That means the first 3 months will be a great time to buy, before everyone jumps back into the market April and May.

It might sound self-serving of us to say this, but consider that none of the factors that created this market have changed. Demand, economy, immigration, low interest rates, have not changed. Prices in Toronto will only drop long term if the population shrinks, and we do not see that happening.

Some people wait and see what happens, others make things happen. If you are looking to buy or invest, we believe now is the time!

Give us a call, let’s talk. We want to give you the best advice possible and make sure that you’re well looked after! After all, you do have two friends in real estate!

By the way, we are never too busy for your referrals J.

Lloyd and Devi Sewrattan