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Ways to Get OUT of Your Comfort Zone⁠

1. Do something you've always wanted to do⁠
2. Change the routine of things⁠
3. Learn a new skill set⁠
4. Face a fear⁠
5. Travel somewhere new⁠

Feeling safe, secure, and at ease is important. Challenging yourself is just as important. How are you stepping out of your comfort zone?⁠

Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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When the overnight rate is increased, it becomes more expensive to borrow money. The increased costs of borrowing money are shifted from the bank onto the consumer by increasing the Prime Rate.

Pre-Approvals are likely to decrease.

Fixed-Rate Mortgages remain the same.

Adjustable Rate Mortgages will increase according to the new Prime Rate minus your discount. (Expect information in the mail).

Static Variable Mortgages payments remain the same but a portion of interest paid to the lender will change.

Reach out with your questions anytime. I can introduce you to a mortgage broker who would be happy to go over your options with you and help you find a mortgage that you're most comfortable with.

Sam Chaim⁠ - Making A Difference For You!⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠

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Markham August 2022 stats are out!⁠ Have questions about how this may impact your home selling or buying decision?! send me a message!⁠

Read Full Market Stats Package

Sam Chaim⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠

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Online shopping can be easy and fun. But unfortunately, there are many scammers who want to steal your identity and your money. The information here provides tips on ways you can protect your personal information and your finances when shopping online.

Sam Chaim⁠ - Making A Difference For You!⁠

Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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Figure out what you're passionate about as your passion will lead you towards your purpose. Helping others is a passion that led me to real estate and I can confirm that getting up every day with a sense of purpose and belonging sure makes you feel alive. ⁠

What is your purpose? What keeps you excited every day?

Sam Chaim⁠ - Making A Difference For You!⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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At RE/MAX we set our goals for your home buying and selling needs above the clouds! If you've been thinking of buying or selling, NOW is the time.

Home Evaluation Form or Start Customized Home Search

Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
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Did you hear the news? The BoC increased the overnight lending rate by 0.75%, which is another increase for the 5th time in a row. The Prime rate is expected to increase by 0.75% to 5.45% and Variable rate mortgages will increase by 0.75%.

The Bank’s committed to price stability and will continue to do what is required to achieve a 2% inflation target. As the effects of monetary tightening work their way through the economy, the BoC will assess how much higher interest rates need to go to return inflation to its target. The current inflation rate is measured at 7.6% decreasing from 8.1% in the previous month.

The next announcement is scheduled for October 26th and there's certainly hope that October will be more positive.

Sam Chaim⁠ - Making A Difference For You!
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠

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Markham July 2022 stats are out!⁠ ⁠ Have questions about how this may impact your home selling or buying decision?! Contact me today!

Read Full Market Stats Package

Sam Chaim⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠

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Markham May 2022 stats are out!⁠ Contact me to discuss how this impacts your buying or selling decision.

Read Full Market Stats Report

Sam Chaim⁠ - Making A Difference For You!⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠
Read full post

No surprise as the Toronto Real Estate Board released the May sales numbers. 7,283 properties sold with an average sale price at $1,274,869, up 16.4% since the end of 2021.  GTA Realtors meanwhile listed 18,679 homes for sale year to date. There were 7,283 sales in May 2022 – down 38.8% compared to May 2021 and down 9% compared to April 2022. 

The number of new May listings was like last year’s level and edged up on a month-over-month basis. With sales down and new listings trending flat to slightly up, the number of active listings was up on a year-over-year basis by 26%. Without a doubt, the increase in mortgage rates is a real concern as many are waiting to see the impact on prices but market conditions remained tight enough to support an overall average selling price of $1,212,806 for May 2022, representing an annual growth rate of 9.4%.

The reality of the market has not changed. Due to a shortage of homes for sale, prices in January and February rose at an unsustainable rate of 25%+. In March, sellers with inexperienced Realtors continued to offer properties for sale at significantly higher prices than the previous sales and, not surprisingly, buyers balked as homes stopped selling almost overnight. With the mortgage rate increase taking some buyers out of the market and others waiting to see what happens, the number of homes sold dropped compared to last year. The impression and Buyers’ hope is that home prices will keep declining.

The problem is, “Hope” is not a strategy. Hope supports realistic optimism, a necessary component of success. But If the market turns back up, as we have seen before, e.g. 2018, and interests rise again, buyers will be further disadvantaged. The other factor is, no matter whether you are buying or selling, putting on hold your life needs and that of your family is costly in more ways than just monetarily.  We need only think back over the past 2+ years to recognize that.

This is also an amazing time to increase your investment portfolio. It’s said “don’t time the market”, but it is also said, “buy the dip” if the opportunity presents itself. Give me a call and let me show you the reality of the market and how you can turn it to your advantage.

Pareto’s Principal says that 20% of sales people do 80% of the sales in any field. As a full time, professional & experienced realtor and businessman have the pricing & marketing strategies and negotiating skills to make it work for you. As a top performer and being with Remax, the largest multinational real estate company marketing properties world-wide, you need me and Remax!

You can read the full May report and/or call me to talk about your personal situation, your hopes, and dreams. There is no obligation and perhaps we can plan together to turn your hopes into your reality.

Have a great June and start of summer.

Sam Chaim⁠
Re/Max Realtron⁠
416-543-7252⁠
sam@samchaim.com⁠

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