Featured Investment of the Week
Click photo for additional information
- Fantastic opportunity to buy a prime corner property in Bloorcourt
Village. Ideal for restaurant, bar, café, or other commercial uses.
Patio potential on side of building. This building is located in a
well established commercial corridor just steps to Dufferin subway
Contact me today for more details or to book a private viewing
before this great opportunity passes you by.
GTA REALTORS® Report Monthly Resale
TORONTO, February 5th, 2014
– Home ownership in the Greater
Toronto Area remains affordable and there are many people looking to
purchase a home. In January, the number of homes listed for sale was
down quite strongly compared to last year, which means that it was
difficult for some buyers to find a home.
Greater Toronto Area REALTORS® reported 4,135
sales through the TorontoMLS system in January 2014. This result was
down by 2.2 per cent in comparison to January 2013. New listings
entered into the system were down over the same period by 16.6 per
cent to 8,822.
"Looking forward, it is possible that strong
price growth, and therefore an increase in home equity, will act as
a trigger for more households to list their homes for sale. This is
especially the case for households whose life styles are changing,
including those with an expanding family looking for a larger home
or empty nesters looking to downsize," said Dianne Usher, President,
Toronto Real Estate Board.
The average selling price for January 2014 sales
was $526,528 – up by more than nine per cent compared to $482,080 in
"The pace of price growth will remain strong in
2014. Similar to last year, competition between buyers for singles,
semis and town homes in the City of Toronto and surrounding regions
will continue to exert upward pressure on selling prices. At the
same time, mortgage rates will remain near historic lows, so despite
strong price growth, home ownership will remain affordable for the
average household in the GTA," said Jason Mercer, TREB’s Senior
Manager of Market Analysis.
Source: Toronto Real Estate Board
Please feel free to contact me for a
complete copy of the Market Watch Report
GTA Commercial REALTORS® Report
Commercial Market Figures
February 5th, 2014
Real Estate Board Commercial Network Members reported
427,926 square feet of leased industrial, commercial/retail
and office space on a per square foot net basis through the
TorontoMLS system in January 2014 (for properties where
pricing was disclosed). This result was virtually unchanged
compared to 428,513 square feet of space leased in January
The amount of industrial
space leased was up by almost 11 per cent on a year-over-year basis
to 356,440 and accounted for 83 per cent of total leased space. The
average industrial lease rate was similar to last year, with an
average $5.21 per square foot net in January 2014 compared to $5.31
per square foot net a year earlier. Average lease rates were down
for the commercial/retail and office segments of the market. These
declines were largely due to a year-over-year change in the mix of
office and commercial properties sold.
"The industrial segment of
the market is important in the context of the southern Ontario
economy, including the manufacturing sector. If we continue to see
an increase in leased industrial space this year, this could
indicate that industrial firms are anticipating an increase in
demand for their products and therefore are looking to take on more
space to help accommodate increased production," said Commercial
Committee Chair Cynthia Lai.
There were 42 combined
industrial, commercial/retail and office sales in January 2014, for
which pricing was disclosed. This result was in line with 43
transactions in January 2013. The year-over-year change in average
selling prices was mixed on a per square foot basis. The average
selling price for industrial properties was much higher this past
January compared to 2013, because this year’s transactions involved
smaller properties compared to last year.. Smaller properties tend
to sell for more on a per square foot net basis.
was basically unchanged compared to January 2013 and office pricing
was down by about nine per cent year-over-year.
"The consensus view is that
the Canadian economy is expected to grow at a faster pace in 2014
compared to 2013. The increased rate of growth should be driven by
an improvement in exports, due to a strengthening US economy and
weaker Canadian dollar vis-à-vis the US. This should bode well for
the commercial real estate market, and in particular the industrial
sector," added Ms. Lai.
It's a Great Time to Buy!!!
This is truly a great time to buy,
after all, interest rates are at an all time low. You are either going
to be paying your Landlord's mortgage or you will be paying your own
mortgage. Call me today for a no obligation meeting.
Great News for First Time Home Buyers
December 13, 2007
ONTARIO EXPANDS LAND TRANSFER TAX REFUND PROGRAM
First-time buyers of resale homes to benefit from new tax
Provincial government is giving
all first-time homebuyers a break on land transfer tax by
proposing to expand the Land Transfer Tax Refund Program to
include purchases of resale homes, Finance Minister Dwight
Duncan announced today.
this Land Transfer Tax refund is an important part of our
government's commitment to helping Ontarians buying their
first home," Duncan said.
midnight tonight, first-time buyers of resale homes, as well
as newly constructed homes, would be eligible for a refund
from the provincial government of up to $2,000 of the Land
Transfer Tax paid.
information please click here:
Land Transfer Tax Refund Program
are thinking of SELLING
or BUYING Residential or Commercial Real Estate in
the Greater Toronto Area (Toronto, Mississauga,
Brampton, Caledon, Georgetown, Milton,
and surrounding areas), I would be
please to work with you.
Please feel free to browse through my site and if you have
any further questions regarding the Selling or Buying
process or if you would like more information on my
services, please give me a call or simply send me an email.
Proud sponsor of the "Children's Miracle
Network" and the "Sold on a Cure"
for Breast Cancer Research Program