Mark Phipps

Mark Phipps

Sales Representative
CENTURY 21 Millennium Inc., Brokerage*
  • 519217MARK6275
  • 647961MARK6275
  • 519-940-2100
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Pop Goes The Bubble

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With all of the recent speculation about the overheated housing market, I find myself in a position of giving advice on a daily basis. Many family members, colleagues, friends, past clients, and Fieldstone neighbors stop me and ask my thoughts and advice on when the bubble is going to burst. Nobody including myself knew for sure but I had warned (in my opinion) that it was coming mid-late of 2017. I also advised people that if and when it came the effect would be swift. However I did not anticipate that it would be literally overnight.

A few things triggered the correction. New mortgage rules, media projected fear, and mostly a huge spring influx of inventory. I will touch ONLY on the stats of our Fieldstone neighborhood for the purposes of this quick blog. 

The highest sale price and last property sold was on Benson Ave back on April 13th, 2017. Since that time we have seen many new listings hit the market. At our highest volume we had 11 Fieldstone listings at the same time. A few properties have had a change of heart and wanted to wait until there were less listings and hopefully more sustainable prices. As of today June 21st, 2017…we have 9 active listings with an average price of $1,122,100.00. The average days on market (DOM) is 52. Listing prices have dropped an average of $72,330.89 since the original contract dates. A few homes have stayed firm to the original list price while others have dropped as much as $220,990.00. Of the 9 current listings, 1 on Ellis St has been sold “conditional” hoping for a firm sale in the coming weeks. Let’s all keep our fingers crossed for the sellers.

One thing is for sure and that is that no two experts will agree on anything. However I believe that in the short term, prices will continue to decline slightly (maybe up to another 10%). However we should see some stabilization come this fall and then back to a minimal climb early in the New Year. 

If you are thinking of buying or selling a Fieldstone home, then please consider me when choosing your Realtor.

I live here, I work here, I love it here!

Mark Phipps
Century 21 Millennium Inc., Brokerage
Direct 519-217-MARK(6275)
www.Fieldstone.info

*Not intended to solicit properties currently listed for sale.
*Stats averages taken from the Treb Mls system 21/06/2017
 
 

Mono Hiking Challenge

Mono Hiking Challenge Logo

This year is Canada's 150th anniversary of Confederation & one of the ways that Mono will be celebrating is by hosting a Mono Hiking Challenge.

Canoe North Adventures logoThe 'challenge' is to hike one or all of the 20 designated hikes that are part of the program. For each hike completed, a participant will receive an entry into the Grand Prize draw, a 1 week stay for two people at Canoe North Adventure Lodge, in Norman Wells, Northwest Territories courtesy of Canoe North Adventures.

To become a participant, all that you need to do is register here. Then, from June 4th through October 31th, 2017, hike as many of the designated trails as you want.

Each time you complete one of the designated trails you will receive an entry into the Grand Prize draw. Hike one trail - get one entry; hike 5 trails - get 5 entries & so on. Hike all 20 and you will be entered into the draw twenty times.

During each hike you will be asked to take a selfie at a specially designated sign post on the trail and share the image on Facebook, Instagram or Twitter using the hashtag #monohikingchallenge.

CANADA DAY 150 CELEBRATIONS IN ORANGEVILLE ON JULY 01, 2017

Orangeville will celebrate Canada 150 on July 1 with family activities at the Alder Recreation Centre and fireworks over Island Lake.

Events at the Alder Recreation Centre run from 12-5 p.m., kicking off with an opening ceremony and cake cutting at noon. Free family swims, sponsored by the Rotary Club of Orangeville Highlands, will be offered from 1-2 p.m. and 3-4 p.m. There will be face painting and inflatable activities and of course, the SuperDogs.

The President’s Choice® SuperDogs will be sure to entertain with three 30-minute shows starting at 12:30, 2 and 3:30 p.m., followed by a “Pat n Chat”.

Over at Island Lake Conservation Area, the Campfire Poets will perform at the amphitheatre from 6-9 p.m. and fireworks will light up the night sky over the lake at 10 p.m. Admission to Island Lake Conservation Area (after 2 p.m.) is by donation.

Canada Day 150 Celebrations in Orangeville

First heat warning of summer issued for Dufferin County

Mother Nature has set Dufferin County to broil.

At about 5 a.m. on Monday (June 12), Environment Canada issued a heat warning for the Orangeville and Shelburne surrounding areas.

Temperatures are expected to reach the low thirties on Monday, but humidex values will make it feel more like 40 degrees Celsius. Overnight lows are expected to be near 20 degrees, which Environment Canada says will provide little relief for residents.

Residents are urged to watch for the effects of heat illness, which can include swelling, rash, cramps, fainting, heat exhaustion, heat stroke and the worsening of some health conditions.

Citizens are urged to drink plenty of water even before you feel thirsty and stay in a cool place. Seek a cool place such as a tree-shaded area, swimming pool, shower or bath, or air-conditioned spot like a public building.

Risks of extreme heat are greater for young children, pregnant women, older adults, people with chronic illnesses and people working or exercising outdoors. Never leave people or pets inside a parked vehicle.

Welcome to my Website

                     

Look at homes in the neighbourhoods I work closely with:

Orangeville

Brampton

As a CENTURY 21® Real Estate professional, I am dedicated to providing you with the highest quality service possible. My personal knowledge of the local Real Estate market is combined with the power of the CENTURY 21 brand - the most recognized name in Real Estate today.

Let me assist you in finding your dream home, in a neighbourhood that is right for you, and in the price range you want. Or if you are interested in selling a property, I also have the expertise to help you get the fastest sale possible and at the best price.

I look forward to the opportunity of working for you!

Community Involvement

I believe in giving back to the community and do this through the "Caring for Kid's" program. Every year myself and other agents from Century 21 Millennium liaison with 5 local schools to provide a magical Christmas for needy children and their families...last year we were able to help 15 families and 48 children.

Since 2004 I have been involved with the community competitive soccer program. Throughout the years I have had the pleasure of being the Trainer, Assistant Coach, and the Head Coach of the 1997 Boy's. I have watched them grow not only as soccer player's but also into well behaved, respectful young men.

My children also believe in giving back to the community. For the last two years my son Braedyn has started a collection of used soccer uniforms, including shirts, shorts, shoes, socks and equipment and given them to the "Second Kicks" foundation. These donations have helped promote healthy living, sportsmanship, and community spirit to children, youths and families around the world. So far the collections have been sent to worthy communities in Africa,  India, Canada, and Nepal  www.secondkicks.com. My daughter Karleigh started  "Pink Shirt Day" at her school this year. Pink Shirt Day helps to promote "Bully Awareness". Bullying is a major problem in our schools, workplaces, homes, and over the Internet. She helped raise awareness on these issues and gave her fellow students all the tools needed to stand up against bullies and to step in when they see it happening www.pinkshirtday.ca .

 

 

Personal Background

I started my career as a business professional with one simple rule - treat others, as I would like to be treated.

In several years of professional sales experience, I can list these achievements, which highlight my selling and leadership skills:

*Earned designation as top performer company wide for twelve consecutive quarters.
*Received top marks and several letters of commendation from new customers and existing customers for excellent customer service. 
*Assisted in the training of new-hires in the sales organization and contributed to the update of the selling skills module of the training program.

In the current tough marketing environment, I understand how essential it is to master the art of selling houses while providing sustained, exceptional customer service, which exceeds client expectations.

Whether it’s a multi million dollar estate property or a first home, I have the past experience to handle such a transaction and look forward to meeting with you to discuss what it is that I am doing differently from most other Real Estate agents in the marketplace.

 

Education

Ontario Real Estate Association

Course 1,2,3, and 3 Advanced Completed 

Real Estate as a Professional Career, Land, Structures & Real Estate Trading, The Real Estate Transaction, and The Residential Real Estate Transaction. 

Fire Protection Engineering Technology 3 Year Diploma Program

Seneca College of Applied Arts & Technology, Toronto Ontario

Extensive professional training in the areas of Fluid Mechanics, Computer Assisted Drafting, Fire Dynamics, Buildings & Structures, Sprinkler Design, Building Codes, Occupational Health & Safety, Chemistry, Hazards of Materials, Decision Analysis, and Fire Investigation.

Languages

  • English

Personal Interests

I enjoy soccer, skiing, golf, and spending my off time with my family.

Century 21 iPhone App

Calculate Land Transfer Tax and Mortgage Payments

ONTARIO GOVERNMENT LAND TRANSFER TAX COSTS

On transfers of residential real property in Ontario, Ontario Land Transfer Tax (LTT) is calculated on the purchase price (less a calculation regarding HST, if the property purchased is a newly built home). The Ontario land transfer tax is payable by the purchaser on the purchase price upon registration of a Transfer/Deed of Land in the Ontario Land Registry Office on closing based on the following upward sliding scale:

0.5% on the first $55,000 of the purchase price, plus

1.0% on the amount exceeding $ 55,000 up to and including $250,000, plus

1.5% on the amount exceeding $250,000 up to and including $400,000, plus

2.0% on the amount over $400,000.(Be aware that for non-residential properties, such as industrial or commercial real estate, there is no 2% charge since the tax rate is 1.5% for any amount of purchase price over $250,000 regardless of the total price.)

Example:
The Ontario land transfer tax on a property transferred for $200,000 is calculated as $275.00 on the first $ 55,000 (0.5% = $ 275.00), plus $1,450.00 on the next $145,000 (1.0% = $1,450.00), for a total of $1,725.00.

CALCULATE YOUR ONTARIO LAND TRANSFER TAX: (based on purchase price of a resale residential home. Please note that this calculation is based on a resale property and not on a newly constructed home which typically includes HST in the price.

The information contained on this page is for estimation purposes only and applies to the sale of Ontario Residential properties only. Your actual Ontario Land Transfer Tax should be independently calculated and verified. The real estate board nor any of its advertisers shall have any liability for the accuracy of the information contained on this page.  

Securing a mortgage is an integral step in the buying process. We can connect you to great rates and great convenience. Our partnerships with industry-leading mortgage companies give you access to the financial products that meet your needs and the expertise to negotiate the best rate for you. The following mortgage tools will help you determine how much you can afford and calculate your mortgage payment.

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Maximum Mortgage Analyzer Calculate the maximum mortgage amount you qualify for based on your income.  

Mortgage Analyzer

Calculate your mortgage payment. Create an amortization schedule. Discover what you will owe in 5 years.

 

Payment Analyzer

Calculate the monthly, semi-monthly, bi-weekly and weekly payment option on your mortgage.

 

Prepayment Analyzer

Calculate your mortgage payment. Discover how many years you will shorten your amortization and how much interest savings you will realize by making a prepayment (lump sum) on your mortgage.

 

The Mortgage Isolator

Isolate a variable in the determinants of a mortgage payment.

 

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