Monday, October 31, 2011

Be Careful On The Streets Tonight, Kids Will Be Out Trick or Treating

Remax_pumpkin

News reports mention that today's rush hour drive home will begin at 3pm and will be one of the busiest drive home of the year. Please remember to drive slow on the streets tonight as some costumes will be dark and may not be visible to drivers. Also, keep an eye out for any improper behaviour while walking/driving your kids around. Let's make this a safe and happy night for all children. Parents, please remember to go through your children's bags and remove any treats that may have been tampered with or may contain ingredients your child may be allergic to. Have a great night everyone!

Team Khan

Asif Khan, ABR
Member of Re/Max Hall of Fame
Re/Max All-Stars Realty Inc., Brokerage
905-888-6222

Posted via email from Markham Real Estate Today with Asif Khan

Thursday, October 27, 2011

Is Zoopraisal Just A Fancy Word For "Wild Guess"?

As word of Zoocasa's new property value guessing game made it's way around the internet, messages began to flow in from clients and colleagues.  Is Zoopraisal a game changer or just simply a game?  Can the values be relied upon?  Is Brookfield not owned my Royal Lepage?  Is this an invasion of my privacy?  Will my ex now be able to find out the value of my home? Why are the numbers off by so much?   All valid concerns, yet nothing to worry about.  l'll share a few of my thoughts here:
 
Appraising a property's value can be as automated as diagnosing medical conditions through a computer program.  Imagine going online, selecting your body type, sex, height and weight from four or five drop down boxes and then selecting symptoms from a field of three or four predetermined choices like cough, fever, rash, and loss of appetite, then have the computer generate a diagnosis.  As the hourglass spins, you wait with great anticipation as your diagnosis is being determined.  All of the sudden a box pops up and you now know you have pneumonia.  How comfortable would you feel that the diagnosis is correct?  Now let's replace your health with your most important monetary asset - your home.  How confident would you feel about your home's value when determining the same by selecting from a few drop down boxes and choosing from a few predetermined fields?  
CTV's headline read "New service bypasses agents, offers free home appraisals".  There couldn't have been a more misleading statement to lead off the report on Zoocasa's new Home Appraisal system.  In fact, the word "appraisal" should not even be mentioned in the same sentence/paragraph as this system.  It is nothing more than a "wild guess".  It is ironic that the "Zoo"  feels they can replace the human element when it comes to something as subjective as property values.  Zoocasa's business model is to have Realtors and Mortgage Brokers advertise on their site to fund it's initiatives.  Yet, obviously Zoocasa is creating a perception that they are a service which "bypasses agents" as this is the second time Zoocasa has been painted in this light. Is this not a classic case of biting the hand that feeds you?  Zoocasa will argue that this is not the case and they are a "Realtor Friendly" site.  However when the media is led to believe that Zoocasa is being built to "bypass agents" one would have a valid argument. 
 
Today, Canadian Appraisers expressed their concern with the inability of Zoopraisal to provide true values to the consumer.  With unique characteristics that can be found from home to home, it is unlikely that a computer generated value would be accurate.  There are many factors to consider when pricing a property for sale or evaluating a price for purchase.  Each home will have a wide variety of upgrades, updates and specific enhancements that increase or decrease it's value from the average homes in the area.    Outside of upgrades and enhancements, one needs to consider market conditions, competition, supply and demand.  To rely on a computer generated value that is based on neighbourhood sales data - which may or may not be accurate - is misleading to the public. 
 
The "Zoo Keepers" are working to persuade realtors to believe this new tool will benefit consumers and real estate professionals in determining true values for homes.  On the contrary.  Zoopraisal will confuse the general public even more by providing unattainable figures, thereby undermining the value of a Realtor and their ability to accurately determine the proper value of homes.   To give you an example, I recently listed a home for $429,000.  The home sold for very close to asking price and set a new record in it's immediate area for price.  The value of this home on Zoopraisal is stated to be $685,000.  When searching my own home, which is valued at about $750,000, Zoopraisal gives me a value of approximately $594,000. Being a Real Estate Professional, I know Zoopraisal's values are off base, however if I were a consumer and trusted the figures to be reliable, I would put myself in a compromising situation when pricing my property.  Zoocasa's failure to manage expectations from their launch of a fictitious value determination tool will cause a lot of problems as we move forward.  If used for entertainment and taken with a grain of salt, it is a great way to spend a rainy afternoon.  If relied upon for accuracy, which unsuspecting consumers will do, how will that affect not only the Real Estate industry, but also the banking industry when it comes to refinancing?
 
In my opinion, this upstart version of the USA's Zillow may be positioning themselves to rival the MLS system however is it going to be a contender or just a pretender like others that have come and gone?  They are riding on the coat tails of the circus that has been created by the Competition Bureau's attack on the Real Estate industry to gain popularity, while endearing themselves to Realtors by providing banner ads for a fee.  I love Zoocasa's demographic information, and feel they do provide some value during the home buying process.  I am disappointed with their venture into the "guesstimate" home valuation technique, and feel this will make a mockery of the property valuation process.  As one of the first advertisers on Zoocasa, I'm disappointed in the direction they seem
headed.  Signs at the Metro Zoo read "Do Not Feed The Animals".   The time may be here to apply the same advice at another "zoo" and protect my hands from being bitten. 
 
 
 

Asif Khan, ABR
Member of Re/Max Hall of Fame
Re/Max All-Stars Realty Inc., Brokerage
905-888-6222

Posted via email from Markham Real Estate Today with Asif Khan

Tuesday, October 25, 2011

Bank of Canada interest rate announcement - BOC to hold line on rates

Boc

OTTAWA - The Bank of Canada is expected to hold the line on interest rates when the announcement is made at 9 a.m. Tuesday.

Most economists and markets agree that Governor Mark Carney will leave the rate at one per cent until the end of the year and likely well into 2012 or longer.

And, any thought Carney might have had of cutting the rate likely went out the window last week when Statistics Canada reported inflation rose to 3.2 per cent in September, above the bank's one-to-three per cent acceptable range.

A few weeks ago, the bank was expected to dramatically downgrade its official growth projections of 2.8 and 2.6 per cent for this year and next.

But with economic data coming in better-than-expected in recent weeks, including September's surprising 61,000 jobs gain, the bank may not be as glum about prospects going forward.

The Canadian Press and 680News staff Oct 25, 2011


Asif Khan, ABR
Member of Re/Max Hall of Fame
Re/Max All-Stars Realty Inc., Brokerage
905-888-6222

Posted via email from Markham Real Estate Today with Asif Khan

Tuesday, October 18, 2011

Here We Grow Again! Movember is coming, join TeamMoBros or please support us for a worthy cause.

Men's Health

Changing the face of men's health begins with starting a simple conversation
Let’s face it - men are known to be a little more indifferent towards their health, especially when compared to the efforts of women, who proactively and publicly address their health issues in a way you don’t typically see with men. As a result the levels of awareness, understanding, funding and support of male health issues, like prostate cancer, lag significantly behind causes such as breast cancer.

The reasons for the poor state of men’s health in the Canada and around the world are numerous and complex and this is primarily due to a lack of awareness of the health issues men face. This can largely be attributed to the reluctance of men to openly discuss the subject, the old ‘it’ll be alright’ attitude. Men are less likely to schedule doctors’ appointments when they feel ill or to go for an annual physical, thereby denying them the chance of early detection and effective treatment of common diseases.

Studies show that many men don’t get regular health checks for the following reasons:

Fear it will lead to a hospital visit
Embarrassed to discuss their health issues
Find it too hard to see a doctor because they just can’t fit it into their schedule
Just can’t be bothered making an appointment
Statistics show that, on average, men die at a younger age than women – the average life expectancy for men is five years less than women (presently 77 compared to 82). That said, despite trailing behind the women’s health movement, things are beginning to look brighter, but much more progress needs to be made to close the gap between the state of men and women’s health. Established taboos and barriers relating to men’s health are gradually being broken down.

Movember aims to change the face of men’s health and reverse this way of thinking by putting a twist on this serious issue. Using the moustache as a catalyst, we want to bring about change and give men the opportunity and confidence to talk about their health more openly.

Movember's primary campaign objective is to raise awareness of men's health issues, specifically cancers affecting men. We want everyone to know that most cancers are highly curable if caught in the early stages - including prostate and testicular cancer. Movember aims to increase early detection, diagnosis and effective treatment, as this will ultimately reduce the number of deaths from cancer. It’s time men face the startling health facts.

The Stats

There are 177,800 new cases of cancer and 75,000 cancer deaths expected in Canada in 2011.
The average life expectancy for men is five years less than women (presently 78 years old compared to 83).
In 2011 there will be more cases of prostate cancer diagnosed than breast cancer.
After prostate cancer lung is the most common cancer in Canada.
5% more men will develop cancer during their lifetimes in Canada than women.
Incident rates of cancer are highest in the Maritime provinces and Quebec.
After cancer the leading cause of death in men is heart disease.
Approximately 93,000 Canadian men will be diagnosed with cancer, and an estimated 39,900 men will die of cancer.
On average, 11 Canadian men will die of prostate cancer every day.
Testicular Cancer is the most common cancer in young men in Canada between the ages of 15-29.
Among Canadians of all ages 4 out of every 5 suicides are male.

It’s not all bad news! Maintaining a good diet, smart lifestyle choices and getting regular medical check-ups and screening tests can dramatically influence your health, Regardless of age, stay on top of your game by doing the following:

HAVE AN ANNUAL PHYSICAL.
Find a doctor and make a yearly appointment each Movember for a general health check. Getting annual check-ups, preventative screening tests, and immunizations are among the most important things you can do to stay healthy.

DON’T SMOKE!
If you do smoke, stop! Compared to non-smokers, men who smoke are about 23 times more likely to develop lung cancer. Smoking causes about 90% of lung cancer death in men.

BE PHYSICALLY ACTIVE.

If you are not already doing some form of exercise, start small and work up to a minimum of 30 minutes of moderate physical activity most days of the week.

EAT A HEART HEALTHY DIET.
Fill up with fruits, vegetables, whole grains; include lean meats, poultry, fish, beans, eggs, and nuts; and eat foods low in saturated fats, trans-fats, cholesterol, salt (sodium), and added sugars.

STAY AT A HEALTHY WEIGHT.
Balance calories from foods and beverages with calories you burn off by physical activities.

MANAGE YOUR STRESS.
Chill out! Stress, particularly long-term stress, can be the factor in the onset or worsening of ill health. Managing your stress is essential to your health & well being and should be practiced daily.

DRINK ALCOHOL IN MODERATION.
Alcohol can be part of a healthy balanced diet, but only if it’s in moderation, which means no more than two drinks a day. A standard drink is one 12-ounce bottle of beer or wine cooler, one 5-ounce glass of wine, or 1.5 ounces of 80-proof distilled spirits.

KNOW YOUR FAMILY HEALTH HISTORY.

Start a discussion with your relatives about the health issues they’ve had in the past. Make sure you learn about relatives that are deceased too.

For a second straight year, I am growing a mustache to raise awareness for Prostate Cancer.  Canada has been the number one country when it comes to raising money to support Movember.  Let's keep it going and help fight off this killer disease.  Visit our site at www.teamkhan.net and click on Movember to make a donation, or visit http://mobro.co/TeamMoBros - any support will be greatly appreciated.
Thank you!

Asif

Asif Khan, ABR

Re/Max All-Stars Realty Inc.

Re/Max Hall of Fame

 

Google me: Asif Khan ReMax

Posted via email from Markham Real Estate Today with Asif Khan

Tuesday, October 4, 2011

CASH REWARD! Please Help Find Yuki!!

Dog2500

It has been a couple of weeks, and Yuki is still missing. She was taken from her front yard on September 22nd at approximately 8:15 a.m. If you have seen her, or know of someone that has taken her in and is caring for her, please call us at 905-888-6222. The owner is very upset and determined to find her. Team Khan is offering a $500 cash reward for her safe return - no questions asked. Thank you!

Asif


Asif Khan, ABR
www.asifkhan.ca
Re/Max All-Stars Realty Inc.
Re/Max Hall of Fame

Posted via email from Markham Real Estate Today with Asif Khan

Resilient York Region Real Estate Market Defying Odds

As we wrap up week one of York Region heading into Phase 2 of the COVID-19 Return To Normal Procedures, we're starting to see the effect...