January 2011 Volume 02 Issue 04
Royal LePage Predicts Further Home Price Appreciation Contrary To Recent Talk Of Decline > More On Page 14
“Second-Best Year on Record
For Sales” TREB Says
Peng
Hock
Tan
Broker
>> Find out on Page 18
Tan and the
eeam
Visit Us At: www.TANteam.com
CONTENTS January 2012 Volume 02 Issue 04
FEATURED CONTENT pg 08
Enter The Year Of The Dragon
pg 18
Market Watch Update - Second-Best Year on Record for Sales
pg 19
January Mid-Month Resale Market Figures
FEATURED PROPERTY LISTINGS pg 20 Violet Road -Starter home for new family, this fully renovated 3+1
bedrooms with 4 bathrooms are just what you need! Beautiful granite counter top with a breakfast bar. Fresh paint, new carpet, and a walk out from basement to a no neighbors facing backyard. For further details, call Tan today.W2263804
Violet Road V
pg 21 Frontier Ridge - Stunning Semi in Old Meadowvale Village. Hardwood
flooring on Living & dining, gourmet kitchen, granite counter top. Walk out to deck from breakfast area to beautiful landscaped on front and back yard, outdoor speakers, garden shed & sprinkler are some upgrades included. Talk to Tan today for more details. W2247086
Frontier Ridge
Hornby Road
7DQĂ•JD]LQH 1(:6 pg 04
Real Estate Bubble In 2012?
pg 10
Know Your Terms: Fixed Rate & Variable Rates
pg 12
Top 7 Reasons Why Lenders Decline An Application
pg 14 Royal LePage Predicts Further Home Price Appreciation Contrary To Recent Talk Of Decline
Peng
Hock
Tan
Broker
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elenion Development Studios
Royal LePage Meadowtowne Realty™ is a licensed franchise to Royal LePage and is Independently Owned and Operated. :KLOVW HYHU\ FDUH KDV EHHQ WDNHQ LQ SUHSDULQJ WKLV PDJD]LQH 7DQ‡JD]LQH DQG DOO YHQGRUV FRUSRUDWLRQV EXVLQHVV DQG DIILOOLDWHV JLYH QR ZDUUDQW\ IRU WKH LQIRUPDWLRQ FRQWDLQHG KHUHLQ 3RWHQWLDO SXUFKDVHUV VKDOO VDWLVI\ WKHPVHOYHV DV WR DOO PDWWHUV DQG VHHN LQGHSHQGHQW DGYLFH LI QHFHVVDU\ 7KH LQIRUPDWLRQ FRQWDLQHG KHUHLQ GRHV QRW IRUP DQ\ SDUW RI DQ\ FRQWUDFW RIIHU RU UHSUHVHQWDWLRQ $GGLWLRQDOO\ WKLV PDJD]LQH LV QRW LQWHQGHG WR VROLFLW SURSHUWLHV FXUUHQWO\ contracted and/or already listed for sale.
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Tan and his team can provide you with an unparalleled level of service and attention when it comes to an important decision such as buying and selling your home. Our passion and knowledge of the area and commitment to making a difference has helped us build a name for offering the highest level of customer service possible. Call Tan now if you are planning to buy or sell your next home.
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Tan.gazine NEWS
Real estate bub
Nah, it's startin
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Tan.gazine NEWS
bble in 2012?
ng to float back to Earth
Katherine Scarrow - Globe and Mail December 30, 2011
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What areand“FIXED� “VARIABLE� rate?
Some terms you should probably know...
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Need a Mortgage Broker?
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Tel: 416.569.3836
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Start your business off the New Years
With A Big Bang! g ad spaces for free For a limited time we are offering in our next issue!
Get Noticed! Contact Kai Min, in Designer @ 416-720-1738 or kaimin@melenion kaimin@melenion.org org for more iinformation!
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Tan.gazine NEWS
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Contrary to Recent Talk of Decline
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Got Questions?
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Tan.gazine NEWS Second-Best Year on Record for Sales In December, the median price was $451,436 from the $433,523 recorded during December of 2010. Toronto, January 5, 2012
Greater Toronto REALTORS® reported 4,718 transactions through the TorontoMLS® system in December 2011.
December 2010. For all of 2011, the average selling price was $465,412, an increase of eight per cent in comparison to the average of $431,276 in 2010.
The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.
“Months of inventory remained below the pre-recession norm in 2011. Very tight market conditions meant substantial competition between Buyers and strong
“Low borrowing costs kept Buyers confident in their ability to comfortably cover their mortgage payments along with other major housing costs,” said TREB President Richard Silver. “If Buyers had not been constrained by a shortage of listings over the past 12 months, we would have been flirting with a new sales record in the Greater Toronto Area,” added Silver. The average selling price in December was $451,436 – up four per cent compared to
18 | penghocktan.com
upward pressure on selling prices,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,” continued Mercer.
Tan.gazine NEWS Greater Toronto REALTORS® Report Mid-Month Resale Market Figures TORONTO, January 17, 2012 – Greater Toronto REALTORS® reported 1,506 sales through the TorontoMLS® system during the first two weeks of January 2012. This result represented a six per cent increase compared to the first 14 days of January 2011. New listings were also up on a year-over-year basis, but by a lesser 3.7 per cent. “The market didn’t miss a beat after the holiday season, with robust sales growth continuing and sellers’ market conditions remaining in place. Strong competition between buyers continued to push the average selling price higher in the Greater Toronto Area relative to a year ago,” said Toronto Real Estate Board (TREB) President Richard Silver. The average selling price during the first two weeks of 2012 was $444,473 – up by more than 8.5 per cent compared to the same period in 2011. “Prices were up for most major home categories in the GTA in comparison to last year. The strongest price growth was for single-detached homes in the City of Toronto. The average price of singles in the 416 area code was up by 22 per cent year-over-year, pointing to a greater weighting of higher end detached homes changing hands compared to the same time last year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
penghocktan.com | 19
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The Water. The Views. The Life. Luxuryy Condominiums - Windsor, ON N
Portofino’s luxurious yet sleek and contemporary design is what sets it apart from all other luxury condominiums in the Detroit-Windsor Region. This 17 storey signature building defined by graceful architecture offers 123 suites with a majority offering panoramic views of Windsor’s riverfront parks, the Odette Sculpture Park, Ambassador Bridge and the Detroit skyline. Call TAN right now for more information and a no-obligation discussion to find out if this is just for you!
Albert Street
Violet Road
Retiring? Want to be a boss? A convenience store for sale: Lottery Terminal, Weston Union, Movies rental and 2 apt. unit now rental out. For more information, call Tan today! x2058693
Starter home for new family, this fully renovated 3+1 bedrooms with 4 bathrooms are just what you need! Beautiful granite counter top with a breakfast bar. Fresh paint, new carpet, and a walk out from basement to a no neighbors facing backyard. For further details, call Tan today.W2263804
Fort Erie
Mississauga
$399,883 Oakington Place
Hill Crest Avenue
Located in one of the prime sector of Streetsville, this 4 bedroom executive home has lots of upgrades! 2 bedrooms in the basement with a kitchen and full bath, Close to Credit River walking trail, Schools, Highways, Malls etc. Call Tan for further details today. W2268562
A spacious layout on this 1+1 Apartment, lots of upgrades on floors, kitchen, bathrooms etc. 24 hour concierge on site, gyms, sauna, party rooms and more! Step to Square One Shopping Mall and GO station. Call Tan today to find out more! W2265782
Mississauga
$469,900
Mississauga
$639,900
$215,900
If Are Planning On Moving, Make T 20 | penghocktan.com
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Getting your dream home can be simple as picking one!
Call Tan Now To Book
Grand Ravine Drive
A Private Viewing Today!
Oakville
4 bedrooms detached in a beautiful River Oaks Community, featuring upgraded kitchen, hardwood floorings, landscaped garden etc. Close to great schools, shopping and all major highways. Want more information? Call Tan today! W2224359
Duke of York Mississauga
$749,000
Lakeshore Blvd West
Bright and open concept one bedroom plus a den condo located in the heart of Mississauga! Not only the great view, this house offers the convenience to all amenities, just perfect for single or newlywed professional. For more information, call Tan today! W2207210
$248,883
Toronto
Duke of York Blvd
FOR LEASE
A fabulous 1 bedroom decorated suite with open concept living/dining room layout. Private open balcony, there is 1 underground parking spot and first class amenities in the complex. Only steps to park, walking trails and Lake Ontario. Call Tan for further details today. W2264508
Mississauga
$294,900
Spacious and bright, this 2 bedroom unit has tons of windows, great layout and enjoys the unobstructed view overlooking the Celebration Square. Numerous amenities in the luxury building, for further details, call Tan now! W2241100
$1,650
Webb Drive Mississauga
Mississauga
$259,883
Ideally located in Credit Woodlands Neighborhood, 3 bedrooms Semi-Detached are 138 feet deep with fully fenced yard, a separate entrance with car park up to 4 cars. Close to all amenities, want to know more? Call Tan now!
Frontier Ridge Mississauga
Stunning Semi in Old Meadowvale Village. Hardwood flooring on Living & dining, gourmet kitchen, granite counter top. Walk out to deck from breakfast area to beautiful landscaped on front and back yard, outdoor speakers, garden shed & sprinkler are some upgrades included. Talk to Tan today for more details. W2247086
$399,883
Hornby Road Halton Hills
$419,000
The Right Move & List With TAN!
RP Â&#x2021;
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Ashcroft Cres.
A one bedroom, one bath, new building located in the heart of Mississauga. 9 feet ceiling, granite counter top with stainless steel appliances. Call Tan now for further more details - W2265966
Great location only minutes to Hwy 401, this bungalow located on a quiet country road in the Hamlet of Hornby. Open concept and eating area, fabulous master bedroom with fireplace and sitting area, guest room have it own ensuite. Fully finished basement with a wet bar and a cozy fireplace. Beautifully landscaped on front yard and entrance walk way. Over size double car garage that fits 3 cars. Call today for more details. W2214084
$698,000 penghocktan.com | 21
Tan.gazine NEWS
DIY - Recipe For Janauary 2012 Check out food.chatelaine.com for more cool recipes
January 02, 2012
Sesame Sc
with p
P Preparation time: 25 minutes Makes 24 Cookies M
In Ingredients 33/4 cup brown rice 1 tbsp apple cider vinegar 2 tsp dark sesame oil 1 chopped roasted red pepper 11/3 cup chopped pistachios 2 tsp sesame seeds 112 large sea scallops salt and pepper for seasoning sa 1 tbsp vegetable oil 2 cups packed romaine lettuce or ra toasted sesame seeds to N Nutrients per Serving 3341 calories 223 g protein 335 g carbohydrates 113 g fat 4 g fibre 4422 mg sodium 22 | penghocktan.com Roberto Caruso
Tan.gazine NEWS
callops
pistachio brown rice
adicchio
Time To Hit The Stove! 1. Cook 3/4 cup brown rice according to package directions, omitting salt. Whisk 1 tbsp apple cider vinegar with 2 tsp honey, 2 tsp soy and 1 1/2 tsp dark sesame oil in a large bowl. When rice is cooked, let cool slightly, about 5 min. Stir rice along with 1 chopped roasted red pepper into vinegar mixture until combined. Stir in 1/3 cup chopped pistachios. 2. Toast 2 tsp sesame seeds in a large nonstick frying pan over medium-low. Transfer to a bowl. Pat 12 large sea scallops dry with paper towels, then lightly season with salt and pepper. Heat same non-stick frying pan over medium-high. Add 1 tbsp vegetable oil, then scallops. Cook until dark golden, about 2 min per side.
Shopping Tip From Yours Truly: Fresh scallops should be pale beige to creamy pink, with a clean, fresh smell and a moist sheen. Refrigerate scallops immediately after purchase. They are best cooked or consumed within one day. If using frozen scallops, let them thaw overnight in the refrigerator. How To Sear Scallops: To get scallops looking and tasting golden and restaurant-worthy, start by patting them very dry with paper towels. Make sure the frying pan is nice and hot, then add the oil. Carefully add scallops. Cook without touching or turning them, 2 min, then flip and cook another 2 min.
3. Arrange 2 cups packed baby romaine or radicchio on 4 plates. Top with pilaf and scallops, then sprinkle with toasted sesame seeds. penghocktan.com | 23
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