Like a lot of major cities in North America, Toronto is growing. And even though city officials are staunchly anti-sprawl, that doesn’t mean new construction will come to a halt this year. There are a number of recent events that will influence how developments will look this year, so see what’s going on before strategizing your own game plan.
The recent demand for new luxury housing primarily stems from Canadians, but about 15% of luxury buyers are bidding from outside countries. This trend is likely to continue, though the market may see more foreign interest with the introduction of the stress test for this year. Home prices are currently down about 10% from May of 2017, with some speculating that this downturn will reduce the need for new construction. However, with the potential Amazon grab
, it’s not a moment too soon to start planning for a potential upswing.
What Toronto Buyers Want
Toronto homeowners have some trends that are worth noting when it comes to new developments, even if they aren’t very glamorous
. Canadians are looking for townhouses or condos that offer a view, or for single-family homes that offer privacy. While fences can always be installed, homeowners are looking for real estate that comes with a built-in barrier. Buyers favor roomy closets, convenient upstairs laundry rooms, and formal dining rooms. Fireplaces are still somewhat in-demand but don’t quite have the same allure as they once did. And as always, people want enough room to store their two cars, three snowmobiles, and six pairs of skis. Interested parties can expect to see new construction rise to meet these demands in 2018.
The Rise of Pre-Construction Condos
Between regulations and increased financial demands from home buyers, there isn’t a lot of new construction going on at the current moment. However, some experts believe that 2018 will be the year of the pre-construction condo. While 2017 may have ended with a bit of a whimper, no one can deny that 2018 started with a huge bang. Developers are going to want to use any means necessary to continue riding that wave of momentum. Pre-construction condo buyers won’t have to endure the dreaded stress test, where they’ll be asked to prove their income can stand up to interest hikes. The supply and demand curves seem to point rather strongly toward more pre-construction condos for the start of this year.
The Port Lands Development
The government is putting $1.25 billion to give the Port Lands a major makeover
in the hopes of creating a future housing area that will open up countless new markets. Once finished, housing in the Port Lands will offer a perfect view of the Toronto skyline while being kept safe from potential flooding with its ingenious engineering. Off of Cherry Street and close to Cherry Beach, the 20 acre park will be built between two and three metres of where it currently stands. By filling in the channels of water, the park will protect homeowners in the area from moisture damage or outright flooding. While the park won’t be finished until 2020, the time to invest may be in early 2018.
The developments in Toronto hold a lot of promise for anyone interested in the market, though it may take more than a cursory glance to see both the tangible and potential benefits. Keeping on top of the trends is the best way to capitalize both now and in the future!Read More
The beginning of the year seems like the right time to brush up on the trends of Toronto real estate. It’s much far easier to buy, sell, or invest when you know the context of the market. There have been enough recent policy changes to make for some drastic swings in prices, and everyone is watching interest rates in preparation for the suspected hike. But it’s definitely not all bad news and predictions. See what’s on the horizon for buyers and sellers if you have big plans for 2018.
The Big Fix
If anyone has had even a passing interest in Toronto real estate, they would know that the Ontario Fair Housing Act caused quite the stir in the market.
While the beginning of the year saw Toronto real estate at unprecedented prices, the bubble inevitably burst when this Act was announced in April. Since then, the market’s been struggling to correct itself to find a better balance. While the untrained eye may believe the value of real estate has crumbled (compared to this time last year), experts expect the market is just in the midst of a fix.
Toronto’s population continues to grow, which will (almost) always correlate with higher property prices.
The luxury market doing well, if only because of the relative scarcity of high-end property. Toronto is famously anti-sprawl, so there are fewer and fewer areas for the wealthy to turn to. Unlike many other parts of Canada, the demand for high-end property is coming from locals and not outside parties. Recent statistics show that 85 percent of buyers in the wealthier neighborhoods were Canadians.
Slow and Steady
The Ontario Fair Housing Act wasn’t the only recent disruptor in the market. There were also new rules placed on homeowners with low-ratio mortgages that started at the beginning of the year.
Previously those who put down 20 percent or more on their home weren’t expected to submit to a stress test to be approved for a loan. But that’s all changed for 2018 as politicians attempt to stave off inflation and foreclosures alike. With interest rates expected to climb this year, buyers will have to prove they can handle the additional rate hike. This is expected to have a bigger impact in the major cities like Toronto.
Prices and Demand
The market is expected to hold at average prices of around $725,000 for at least the next few months.
Prices may either dip slightly or remain steady for the first half of the year before rising again after everyone adjusts to the new rules. In addition, investors maintain their interest in new construction real estate with condos expected to take center stage. This may make it more difficult for first-time home buyers to get their foot in the door. Much of the construction won’t even be available until the early 2020s, which really just leaves the market open for investors.
No matter what construction plans Canadians have for this year, it’s always a good idea to stay updated on the news. While predictions and speculation often goes nowhere, there is real evidence to suggest that Toronto doesn’t have a failing market (despite where it started.) The population and continued demand will almost certainly offset the new rules and regulations for buyers.Read More
You’ve decided to start up your own business. You leave your day job, and get your company registered. You gather your funds and start up the company.
However, you would probably need to look at gaining investors and investments. And this can only happen if you’re good with your speaking skills.
If you are a student, you need to invest in personality development. How do you do it?
Public speaking skills can help you get more customers and do more with your time.
The Top Ways to Learn Personality Development
Here is how you can use public speaking skills to your advantage, and how it can help you climb the next ladder of success.
1. Personal Behavior
Your face and body language also renders positive or negative effect on your speaking. They can be used to make a speech more appealing and presentable to the audience.
Have a natural look and use your smile as often as you can. Address the crowd directly and use your facial expressions to match your thoughts and speech.
2. Body Language
Your body language can be very effective in reaching out to the audience. Great speakers do not stand behind podiums and speak without moving – they like to move around to interact more with their audience.
Take command of the stage and move around addressing different sections of the crowd. Use your hands to state a point and make gestures to indicate shapes, directions, and graph movements. When done correctly, it is a better way to engage the crowd in comparison to slides.
3. Voice and Tone
Take control of your voice and the tone. Use voice modulations to stress points and deliver questions and take pauses between words to highlight their importance.
You will be able to do a lot more with the right confidence level. You need to speak right and often, it all boils down to experience. You need to have the right body language and voice.
And you need to brush up your knowledge so that you know what you’re speaking about – you will have different questions out at you, and need to be able to answer them. You can do it all easily with the right speaking skills.
It’s not just public speaking that can help.
4. Invest in body language
Students need to understand about their body language
. You will be able to then understand how to make the right body language. This is because the moves that you make and what you do – even if you are not saying anything – can make a world of difference.
With the right body langauge, it can just help you do a lot more.
5. State your opinion
The one thing that tells you are really confident about yourself is that you need to have your own opinion. It’s what you need to do to make yourself heard – just be confident while you are doing it!Read More
Looking for personality development? You need to invest in personality development. So, what are the things that you need to focus on for personality development? Here is a look.
1. Invest in the Art of Speaking
Public speaking is the most effective method to reach out to people with newer ideas. Also the way to feel more confident about yourself.
Your speaking skills make you more confident, helps you feel at ease with yourself and bag those extra opportunities. Whether it be talking to new clients or customers, the right speaking skills will help you do everything more easily.
So, how do you create your own niche status with speaking skills? Here is a look at few of the things that can help.
2. Prepare Yourself
Be ready to express yourself. Have what you want to say on your mind from before. Take your time – you can even prepare a write-up and go through it several times before the day of speaking.
3. Do not try to memorize the whole thing.
Instead, make a broad outline and create bullet points
of your speaking content. You can also use the slides to remember the primary points.
Be flexible and use the cues from the audience to change and modify the content. The primary focus is towards delivering information or value to the listeners.
4. Research Your Audience
Any marketing company knows how important it is to research into the preferences and habits of its targeted customers for a successful campaign.
The same philosophy applies to effective speaking. Your whole effort is dedicated towards the people listening to you. It does not make sense if they do not like your presentation or are unable to grasp it.
– If you’re looking to talk to prospective clients, know what they’re offering and how you can help them.
– If you’re talking to customers, understand their problems first to come up with an effective solution.
– When speaking at an event, reach at the venue a bit early and chat up with some of your audience. It will give you an idea of what they are expecting.
– You can also gauge the audience’s understanding and change your speaking to match their needs.
– Put in a few laughs or jokes that can make the presentation more pleasant.
5. Engage the Audience
Most often, music bands performing on stage involve the audience by making them sing or move their hands. Similar techniques can be integrated with your speaking to make it more interactive and engaging.
Rather than presenting boring facts, ask few yes and no questions to the audience or ask them to gesture with hands. The audience is always looking to get involved and you have to provide the opportunity at the right moment.
Make eye contacts with individual members of the audience and hold it till you finish your thought or statement. It makes the listeners feel that you are delivering to each of them leveraging their satisfaction levels.Read More