Royal LePage - Your Community Realty, Independently Owned and Operated, (905) 731-2000
Jim Reid, Broker, (905) 731-2000
"MARKET OUTLOOK - 2007"
According to most bankers and many economists, Interest Rates are expected to decline sometime during 2007. However, I believe that if there are any reductions, they will be small and short-lived.
It appears that the US economy's growing foreign debt and trade deficits will lead to further devaluation of their currency. Thus, they will be forced to raise interest rates in 2007.
Although the general inflation rate in Canada was only 1.4%, food and shelter costs rose 3.1% and 2.9% in 2006. Using inflation criteria of the 1970's and 1980's, our actual rate is likely closer to 4%. Higher inflation leads to higher interest rates.
Escalating tensions due to Iran's nuclear program, and major US fleet and military re-positioning, could hold up oil prices during 2007.
The "China Syndrome" stock market fluctuation may have forced some pragmatism upon speculators, but I see this more as a global signal that China's economy has finally become integrated with the rest of the world.
Thus, demand for business capital investments may begin to draw down the surpluses that have held down interest rates for so many years.
Overall, the emerging short-term global recession will likely cap near term property values.
In spite of external economic issues or concerns, low interest rates, flat house prices, and healthy GTA demand should produce an active real estate market in 2007.
"INTRODUCING"
Jim Reid
B.A., M.B.A., ABR, Broker
Royal LePage - Your Community Realty
Often when I talk with new clients, they are very surprised to learn that Royal LePage - Your Community Realty sells more homes in York Region than any other franchise.
"The Best Franchise"
In fact, we sell 30% more homes than our closest competitor! In 2006, we helped over 5000 local families sell and buy homes.
Royal LePage - Your Community Realty now has 7 offices and over 500 agents working together to obtain top price in less time for our many clients. We're also the top performing Royal LePage office across Canada.
I am very proud to be part of this "client-focused" organization with its' state of the art technology and professional support services.
When you are thinking about choosing your realtor, you want to be sure they have the best support group in the market. Ten years ago, I spent considerable time interviewing real estate franchises before I chose Royal LePage - Your Community Realty.
None of the others even came close to the kind of services I wanted for my clients. Many of them expected me to do everything myself, or to pay them extra fees for anything they would do for me.
Some of them were American-based and had American advertising materials and training materials quite unsuitable for the Canadian market.
Also, being quite nationalistic, I prefer to keep the income from Canadian home sales in Canada!
During the past 10 years, the wisdom of my choice of broker has been verified over and over again. Due to the right customer service philosophy, and on-going development of agent skills and expertise, RLP - YCR has established a benchmark of performance envied by our competitors.
"Jim Reid"
With two university degrees in Business Administration, (Marketing and Economics), plus over 20 years in corporate management, post-secondary teaching and business consulting, Jim brings exceptional expertise to his real estate profession.
Amongst realtors, Jim has attained the highest qualifications by studying for his Broker's license and Accredited Buyer Representation designation.
In addition, Jim maintains his contemporary edge by taking three or more courses each year. Also, Jim conducts regular seminars to train new agents.
Because he was born and raised in Toronto, his clients use his services throughout the GTA and North to Georgian Bay and Cottage country.
Jim is a high-service realtor who works personally and diligently on the real estate affairs of his clients' real estate investment(s). He thrives on the diversity of activities relating to purchasing and selling properties of all kinds.
Jim's Buyers benefit from his intimate knowledge of GTA neighborhoods, his research and negotiating expertise and his unique ability to match properties to client lifestyles.
Jim's Sellers benefit from his competitive strategies and exceptional marketing and negotiating talents.
Jim's clients also enjoy considerable financial benefits as his performance consistently exceeds market averages. For example: Jim's Buyers average 2-3% larger discounts and Jim's Sellers average 2-3% smaller discounts.
So, "Do you want to have the best franchise working for you?" "Do you want to have an agent who consistently out performs his local competitors?"
Why not start by meeting with Jim to discuss your real estate plans?
Your first step to a profitable move begins by calling Jim Reid right now!
Home Page: jimreidrealty.com
Cell: (416) 565-0030
Office: (905) 731-2000
E-Mail: rpms@sympatico.ca