Home Trends from Edward Wang & Christopher Wannamaker

Connect Realty, Brokerage

Edward Wang

Christopher Wannamaker

Direct: 416.807.1977 edward@wgrouprealestate.ca

Direct: 647.285.6964 christopher@wgrouprealestate.ca

Office: 416.588.8248 | www.wgrouprealestate.ca

THE W GROUP REAL ESTATE

Royal LePage Connect Realty

A NEW SPIN ON A TRUSTED FAVOURITE Refinishing your dining table set can be an affordable way to turn a piece of furniture you've grown tired of into something you love. If your table and chairs have seen better days and are covered with scratches or scuff marks and stains, refinishing the wooden parts and reupholstering the fabric seats can give a new life to one of the most often used furniture items in your home. This can save you the hassle and expense of purchasing a new dining table or set and give you a project to complete this winter. Even if your table is in good shape, you might still want an update to change the look of your kitchen or dining area. In that case, add foam and fabric covers to otherwise wooden chairs, or add slip covers to your current fabric chairs. If you’re a bit more creative you can paint a mural or pattern on the table top or even add decorative wood pieces to chair backs to give them even more detail. Another option is to purchase and use self-adhesive contact paper to give the table top a whole new look and feel. Whatever you choose to do, take a look online for tutorials, tips and tricks from design experts or even just DIYers that have been there; done that.

Office: 416.588.8248 | www.wgrouprealestate.ca

THE W GROUP REAL ESTATE

Royal LePage Connect Realty

UNIQUE COLOUR COMBOS FOR YOUR HOME Choosing a colour scheme for your home may come naturally or you may look to television, magazines and online for inspiration. If you're looking for some unique colour combinations, look no further than these ideas: Emerald green and pink These colours work because they are complementary colours (on opposite sides of the colour wheel) and together create a calm yet cheerful feeling for a room. Mustard and brown Residing next to each other on the colour wheel (analogous colours) these two shades can be a bit overwhelming when paired together, so use the mustard as an accent and the brown as more of a grounding, base colour. Blue and orange Another popular complementary colour scheme is blue and orange, but dress it down slightly in your decor by using shades of peach and turquoise instead of bold and bright blues and oranges.

Office: 416.588.8248 | www.wgrouprealestate.ca

THE W GROUP REAL ESTATE

Royal LePage Connect Realty

COOL GADGETS FOR THE HOME Treating yourself to a new gadget for your home that will make your life easier is a fun way to start the new year. With so many options in stores and online, you might not even be aware of all the neat things available to you. Here are some products that might meet a need you don't even know you have... yet. Towel warmer - in the depths of winter, a warm cozy towel available the moment you step out of the shower or bath is a luxury you may find you need. Wireless Remote Control Electric Outlets - control anything that you can plug into a wall socket with these handy outlets. Great for those with mobility issues or outlets in hard-to reach places. Water Absorbent Coasters/Trays - great for use in bathrooms, kitchens and anywhere else water may pool unnecessarily. They absorb condensation and moisture from drinks but also soap dispensers, toothbrushes left on the counter, etc. Smart dog collar - ever wonder where your pet gets to throughout the day and if they're getting enough exercise and sleep? Enter the smart dog collar. Akin to a smart watch, it tracks your pet's activities and reports back to you. Best of all, the GPS feature can help find your pet if they happen to wonder away.

Office: 416.588.8248 | www.wgrouprealestate.ca

THE W GROUP REAL ESTATE

Royal LePage Connect Realty

KITCHEN UPGRADES BEFORE SELLING Upgrades to your kitchen can go a long way when listing your home for sale. You don't have to go all out and renovate the entire kitchen to boost your home's saleability because a few smaller changes can make the impact you're looking for. Adding crown molding to the top of your cabinets can give your kitchen a sophisticated look many buyers are attracted to. Swapping out the hardware on the cabinet doors is another quick and relatively inexpensive way to update the look of your kitchen. Choose matching finishes if you have different sized knobs and pulls in the various cabinets and measure, measure, measure so you don't have to fill in or create new holes. Giving your cabinets new life by painting them or adding beadboard for a textured finish is another common upgrade that can be done relatively easily. If your appliances are mismatched or getting to the end of their lifespan, investing in new, high-quality appliances will appeal to many buyers as well. A general rule of thumb is spending around 5 to 10 percent of the value of your home will get you a fair return on your investment which averages around 52 to 70 percent. Let’s connect and we can talk about common trends in your area.

Office: 416.588.8248 | www.wgrouprealestate.ca

THE W GROUP REAL ESTATE

Royal LePage Connect Realty

GTA REALTORS® Release December Stats

AVG. SALE PRICE Single Family Dwelling $1,399,209

AVG. SALE PRICE Condo/Townhouse $767,688

ACTIVE LISTINGS 15,393

DAYS ON MARKET 36

GTA REALTORS® January 7, 2025 – The Greater Toronto Area (GTA) housing market experienced a transitionary year in 2024. Annual sales were up slightly compared to 2023, and new listings were up significantly year-over-year. Buyers benefited from substantial negotiating power on price, especially in the condominium apartment market. Average selling prices in 2024 dipped in comparison to 2023 as a result. “Borrowing costs were top of mind for home buyers in 2024. High interest rates presented significant affordability hurdles and kept home sales well below the norm. The housing market did benefit from substantial Bank of Canada rate cuts in the second half of the year, including two large back-to-back reductions. All else being equal, further rate cuts in 2025 and home prices remaining below their historic peaks should result in improved market conditions over the next 12 months,” said the Toronto Regional Real Estate Board (TRREB) President Elechia Barry-Sproule. Annual 2024 home sales amounted to 67,610. New listings, at 166,121, were up by a greater annual rate of 16.4 per cent. “Market conditions varied by market segment in 2024. Sales of single-family homes, including detached houses, increased last year, whereas condo apartment sales were down. Many would be first-time buyers remained on the sidelines, anticipating more interest rate relief in 2025. The lack of first-time buyers impacted the less-expensive condo segment more so than the single family segments,” said TRREB Chief Market Analyst Jason Mercer. Source: Toronto Regional Real Estate Board | Market values stated are of the average of Toronto and surrounding region. Individual home market values will vary and are affected by factors such as location, size, interior and exterior condition. Please call to get an up-to-date evaluation of your home.

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Office: 416.588.8248 | www.wgrouprealestate.ca