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Here's how New Era Real Estate helped a family afford their dream home – insauga.com

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Selling a home is all too often a complicated (and expensive) affair, and with so many brokerages out there, it can be hard to decide who you want to sell with.

That’s why one brokerage in particular aims to take the complexity out of the equation – and leave you with thousands more in your pocket.

New Era Real Estate has been making a name for itself as a full-service brokerage servicing much of the GTHA, including Toronto, Mississauga, Brampton, Orangeville, Hamilton, Niagara, Guelph, Georgetown, Oakville, Milton, Burlington, Durham, and York.

What sets them apart? Instead of the 2.5% commission fee most brokerages charge, New Era only charges a simple flat fee of $5,900, and you don’t pay a cent until your property is sold.

Founder John Martino says one of their most successful sales was for a family that wanted to buy a certain property, but found it was a little out of their price range.

“New Era listed and sold their house, saving them $30,000 in commission – and since the buyer was unrepresented we removed the cooperating commission, saving our homeowners an additional $36,000 and giving them the boost they needed to buy their dream home,” Martino said.

“Needless to say, they were very happy.”

Here’s a quick comparison showing how much you can save with New Era, based on the price of your home:

New Era’s full, high-quality service leaves nothing out. When you sell your home with New Era you get market analysis, professional photography of your property, a variety of selling strategies, home preparation, a robust marketing/advertising campaign, schedule showings and buyer qualification, negotiation, and much more. More information is available here.

New Era’s agents and brokers are all fully licensed, have years of experience, and are paired up with sellers based on the city/area they specialize in, ensuring they can provide the best service possible.

“We are not a private selling platform, we are a full-service start to finish brokerage, handling everything you expect from a traditional brokerage but with extra benefits,” Martino said. “Sellers are not locked into contracts, no cooperating commission if sold to an unrepresented buyer, nothing paid up front, and of course our simple flat fee of only $5,900, no matter the price of the property.”

Interested in learning more and taking the first step towards that new property you’ve been eyeing? Book your free (no obligation) listing appointment with New Era by visiting newerarealestate.ca/contact, calling 416-508-9929, or emailing info [at] newerarealestate [dot] ca.

For the latest news and updates, follow New Era on Facebook and Instagram.

New Era Real Estate – We Sell, You Save!

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Canada's million dollar real estate club grows | Watch News Videos Online – Globalnews.ca

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Move over Vancouver there’s a new member of the million dollar real estate club. A day after Vancouver reported a 73 percent jump in sales for February , Toronto numbers jumped over 50 percent with the average price of a home topping the million dollar mark. Financial analyst Michael Campbell has the details.

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Ottawa real estate market sets record in February – CTV Edmonton

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OTTAWA —
Ottawa’s real estate market remained red hot during a cold and snowy February, setting a record for properties sold during the month.

“Resale properties are virtually flying off the shelves,” Ottawa Real Estate Board president Debra Wright said in a news release.

The board reports 1,390 residential properties were sold in February, up from 1,134 in February 2020.

The sales volume for residential properties and condos in Ottawa was $885,592,105 in February, 54 per cent higher than the same month last year.

“Even though our inventory is significantly lower than 2020 – a combined 46 per cent decrease in housing stock for residential and condos – we witnessed a record number of sales in February 2021,” said Wright.

“How is that possible? Simply put, properties that come onto the market are selling very quickly.”

February’s sales included 1,028 in the residential-property class, and 362 condominium-properties.

The Ottawa Real Estate Board says the average number of days on the market for a property declined from 30 days in February 2020 to 14 days last month.

The average sale price for a residential-class property was $717,914, an increase of 27 per cent from a year ago. Condominiums sold for an average of $407,671, an increase of 17 per cent from February 2020.

“There is no denying that scarcity is leading to a more rapid price acceleration,” said Wright about the sales volume for residential and condo properties.

“This scarcity combined with buyer’s willingness to pay and compete in this market will continue to drive up the sales prices.”

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Greater Victoria real estate sales, prices surge amid 'mobs' of buyers, low inventory – Times Colonist

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“Mobs” of buyers are viewing homes for sale across the region, putting in offers well above asking prices and waiving inspections as the real estate market continues surging during the pandemic and traditional slower winter months.

Home sales of all types hit a record 863 during February, smashing the previous mark of 780 in 1992, and sailing past the 772 sales in 2016.

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And prices are climbing.

The average price of a ­single-family home in the capital region breezed past the $1-million mark in June as the inventory of available homes for sale withered.

February’s single-family home average price hit $1.16 million — up from $888,000 during the same month a year ago. Last month’s average was beefed up by the sale of 30 properties that sold for more than $2 million — with 12 of those selling for asking prices and above, said Dustin Miller of 8X Real Estate in Victoria.

He said an equestrian farm in Central Saanich listed for $6 million went $155,000 over asking and there were three ­condominium sales for more than $2 million each, including the penthouse at Hudson Place One, the tallest building in Victoria.

The Victoria Real Estate Board said the benchmark value — or median price without the high and low end of sales — for a single-family home in the region’s core municipalities during February increased year-over-year by 9% to $948,200, a 1.7% increase from the previous month.

The benchmark value for a condominium in the core remained close to last year’s value at $525,400.

Real estate board president David Langlois said the market is caught between constrained inventory and high demand.

“The good news is that we have seen some stabilization in listings and condo pricing between January and ­February, but we continue to see huge pressure on single family homes,” said Langlois. “New listings are snapped up as soon as they are listed.”

That’s resulted in pressure on single family homes, where there is significant competition for desirable homes. “And in our marketplace most homes are desirable … and people are ­competing for properties and pushing prices up.”

There were 1,318 active listings for sale on the board’s Multiple Listing Service at the end of February — 38% fewer than the same period a year ago.

Miller said there are fewer than 400 single-family homes available across the entire system right now. “In a typical year we will see the most amount of inventory go online in April and May, but if the current trend continues, we will see only around half of the number of new listings compared to what was normally seen in the past.”

Kevin Sing of DFH Realty listed a modest, three-bedroom no-step rancher in East Saanich on Thursday for $759,000 and has shown it to nearly 50 prospective buyers over four days. He’s scheduled appointments from dawn until dusk and has received several offers, some unconditional, and several well over the asking price.

Sing said although the federal government’s mortgage stress test has put many younger buyers out of the single-family-home market, empty nesters, older couples who are downsizing or families with students at nearby Camosun College and the University of Victoria are lining up for the East Saanich home.

The demand for real estate seems insatiable, said Sing, and it isn’t just Greater Victoria.

“It’s worldwide,” he said. “I get on regular Zoom calls and everyone is experiencing the same thing, from Manhattan to the Grand Caymans. Unless you’re in a war zone, the demand for housing right now is just ridiculous.

“It’s hard to explain … it seem we have collectively decided [during COVID] that nesting is what we want to do.”

Langlois said the theme for 2021 is going to be inventory — “where does it come from and how much new supply can be approved — so that this situation does not persist.”

“We’ve seen the government attempt to influence the housing market in hopes of dampening the demand for home ownership,” he said. “The foreign buyer tax has changed nothing … our market continues to zoom forward with almost no foreign buyers. The government adjusted mortgage qualification rules, those are absorbed by the market and buyers adjust.”

Langlois said concerns about housing prices and availability should be addressed by supporting new developments in municipalities. “Be vocal with your local council or neighbourhood association,” he said. “These stakeholders hold the power in these negotiations and help to make space in your community. Gentle density and the building of new homes are the only pathway to moderate housing prices in our area.”

Miller said buyers and sellers should expect a competitive trend, including “mob-like numbers of people” showing up to see new listings.

He noted “bully offers” being submitted within hours of a property being listed and the waiving of all buyer protection contingencies such as home inspections.

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