My Agent Mike

Hi! I'm Mike Rapkoski.

Sales Representative, Keller Williams Referred Urban Realty Inc., Brokerage

I have spent the past 18 years assisting clients build their wealth through making wise choices with their real estate buying and selling. I am passionate, dedicated and committed to providing world class service to my real estate clients.

04 March 2011 ~ 0 Comments

Average Selling Price Up in February

Uncategorized

Greater Toronto REALTORS® reported 6,266 transactions through the TorontoMLS® system in February 2011. This result was 14 per cent lower than the record sales reported in February 2010.

While not representing a record, February 2011 sales were 50 per cent higher than the number reported in February 2009 during the recession and slightly higher than the average February sales over the previous ten years.
[Read More…]

08 February 2011 ~ 0 Comments

‘Wild card’ props up Canadian housing markets over past decade

Uncategorized

Inventory remains key to stability in 2011

Tighter inventory levels helped to make the last decade one of the healthiest periods on record for Canadian real estate, insulating markets in major centres from the peaks and valleys characteristic of past decades, according to a report released by RE/MAX.

[Read More…]

07 February 2011 ~ 0 Comments

Good Start to 2011

Uncategorized

Greater Toronto REALTORS® reported 4,337 transactions through the TorontoMLS® system in January 2011. This result was 13 per cent lower than the record result reported in January 2010. 

“While off the record pace experienced a year ago, the GTA resale market has started the year on a solid footing. Home buyers in Toronto and surrounding areas continue to benefit from a diversity of housing types for sale at many different price points,” said TREB President Bill Johnston.

The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010.

“The average selling price is expected to grow at a moderate pace in 2011. Growth rates in the three to five per cent range will be sustainable from an affordability perspective,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Median Price

In January, the median price was $360,000, from the $350,000 recorded during January of 2010.

07 February 2011 ~ 0 Comments

25 Tips for Smart Condo Buying

Uncategorized

As real estate prices soar, many Canadians are rediscovering the joys of urban living and buying condos. Before you take a leap, check out these 25 tips for smart buying.

Condo sales are at an all-time high. In cities like Toronto, people are rediscovering the joys of living downtown again, along with the low-maintenance, easy lifestyle that goes with having your very own castle in the clouds. And with housing real estate prices at truly stratospheric levels across the country, a condo is an affordable way into the market, especially for young people.

[Read More…]

07 February 2011 ~ 0 Comments

New Mortgage Rates

Uncategorized

Canadian Finance Minister Jim Flaherty announced new mortgage rules to help combat increasing household debt and further stabilize Canada’s housing market.

As expected, Canadian Finance Minister Jim Flaherty announced new mortgage rules. The rules are intended to add further stability to the Canadian housing market as well as help individual families control their household debt which has been described as “soaring.”

Flaherty said, “Canada’s well-regulated housing sector has been an important strength that allowed us to avoid the mistakes of other countries and help protect us from the worst of the global recession. The prudent measures announced would build on that advantage by encouraging hard-working Canadian families to save by investing in their homes and futures.”

The New Canadian Mortgage Rules

Maximum amortization periods for mortgages will be set at 30 years, reduced from the former period allowed of 35 years. The purpose of this reduction is to allow mortgagors to pay off their debt more quickly and thereby reducing the total amount of interest they will pay on their loan. But as their mortgages will be amortized over a shorter time period, monthly payments will increase.

[Read More…]

23 January 2011 ~ 0 Comments

Urban Versus Suburban. Where To Raise Kids?

Uncategorized

Often I am brought into this conversation with my clients about selling their starter urban home, condo or loft for a larger “family” home in the suburbs.

Although I am mainly an urban Realtor doing the majority of my selling and buying on my clients behalf  in much of Toronto proper,  for clients looking to relocate outside the city I have bought and sold homes in the suburban neighbourhoods of Markham, Stouffville, Mississauga, Richmond Hill and Newmarket.

I was born downtown and raised in Toronto’s east end and have witnessed first hand the many benefits of being a kid raised in the city. Walking access to everything is often talked about as one of the best advantages to such a lifestyle but for me personally it’s the feeling of community I have felt and can attest to both as a kid and now as a Realtor working in these neighbourhoods.

Tamsin McMahon of the National Post newspaper wrote an article recently titled Baby & Hood: Studies suggest urban areas are less risky for children. I have attached the article for your reading and would love to hear your comments.

[Read More…]

12 January 2011 ~ 0 Comments

Third Best Year for Existing Home Sales

Uncategorized

Greater Toronto REALTORS® reported 4,395 existing home sales for the month of December, bringing the 2010 total to 86,170 – down by one per cent compared to 2009. “Market conditions were anything but uniform in 2010. We went from supercharged sales activity during the first four months of the year, to a marked drop-off in transactions in the summer and then in the fall saw sales climb back to levels that are sustainable over the longer term,” said TREB President Bill Johnston.

[Read More…]

12 January 2011 ~ 0 Comments

How To Choose and Install a Heat Pump

Uncategorized

Are you always annoyed with the aspect of maintaining the right temperature in your home because the air conditioning system and heater in your house constantly provides you with high electric bills?  If the answer is a resounding yes, then you may want to consider the heat pump.  If chosen and installed right, these devices can actually shave off at least 30 percent of your energy consumption which will translate to awesome savings with regards to your electric bill.  Interested?  Well, you may be quite crazy if you aren’t.  That said here are some tips on how to choose the heat pump for your home as well as how to install it the right way.

[Read More…]

12 January 2011 ~ 0 Comments

How To Reduce Stress Through Exercise

Uncategorized

Exercise has so many health benefits that it’s one of the best things you could ever do for your own well-being. And it’s no surprise that, coupled with the physical benefits that exercise offers, it also has emotional and psychological benefits as well. Did you know that exercise has been found to be effective at reducing stress? Read on for some basic guidelines for reducing stress through exercise.

[Read More…]

12 January 2011 ~ 0 Comments

January and it feels like spring

This morning as I was driving to our local real estate board for my companies monthly office meeting I couldn’t help thinking how on January 5th it was roughly zero degrees out and the sun was shinning strong!

The nice weather (well nice by Toronto winter standards at least) is welcome to me in more ways than one. You see when the weather outside isn’t frightful (please forgive me) and instead is delightful it makes for an active real estate market.

Sellers are encouraged that buyers will be out searching for a home and not stuck inside due to a snowstorm. And buyers are motivated to beat the “spring buying rush” that typically have seen multiple offers (bids) over the past seven spring markets.

During the fall I try and poll my clients to see who will be considering selling in the next year. The reason I do this is that like our current weather conditions this can lead to a great opportunity to sell and buy. And since many sellers are repeat buyers it pays to be ready.

As a seller if you are going to buy first before you sell it’s comforting to know that your house is prepped and ready to go when need be. I have three seller/buyer clients who as of Monday are ready to accelerate their buying plans. I’m certain when the spring market plays out they will find themselves happy with their decision to do so and I’m also certain financially they will have benefited positively as well.