Featured Condo of the Week

 

Asking just $316,000 - Welcome to this amazing and well-kept 885 square feet, 2 bedroom, 2 bathroom corner suite.

Located within walking distance to the Islington Subway Station, parks and the many restaurants and shops this great area offers.

Features include granite counters, hardwood floors in living area, floor to ceiling windows, lots of ensuite storage space, parking, locker, plus much more. Great view of the Toronto skyline. Fantastic building with great amenities.

Contact me today for more details or to schedule a viewing of this great condo suite before it's Sold.


Quick review of 2014 markets across Canada and 2015 forecast

 


GTA REALTORS® Report Monthly Resale Housing Figures

TORONTO, March 4th, 2015 - Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions.

“Even with the record low temperatures last month, we still saw an increase in the number of people purchasing homes in the GTA. This speaks to the importance households place on home ownership and the fact that buyers continue to view ownership housing as a quality long-term investment in which they can live,” said Mr. Etherington.

The overall supply of homes for sale, as measured by the count of active listings at the end of February 2015, was down by 8.7 per cent compared to the same count in February 2014. This means that market conditions became tighter, leading to more competition between buyers.

The overall average selling price for February 2015 home sales was $596,163 – up by 7.8 per cent compared to the average for February 2014. Driving this increase was the detached market segment. In the City of Toronto, the average detached selling price moved above $1 million dollars for the first time in a calendar month.

“The strong year-over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low-rise home types like singles, semis and townhouses are concerned,” said Jason Mercer, TREB’s Director of Market Analysis. Summary

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

TORONTO, March 4th, 2015 – Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 553,178 square feet of industrial, commercial/retail and office space leased through the TorontoMLS system in February 2015. This result was up by almost 38 per cent compared to February 2014. Leased industrial space, which accounted for approximately 80 per cent of all leasing activity, was the driver of the year-over-year growth.

The average industrial lease rate, for properties leased on a per square foot net basis with pricing disclosed, was $5.26 – in line with the February 2014 average of $5.29. The average lease rates for commercial/retail and office properties fluctuated to a greater degree compared to last year, but this was largely the result of a different mix of properties leased this year compared to last.

“While one month does not make a trend, it was encouraging to see an uptick in the amount of square footage leased in February compared to the same period last year. The fact that the growth was driven by the industrial sector is particularly notable, given that a good portion of the economy in southern Ontario is focused on the production of goods for export south of the border,” said Mr. Etherington.

The number of industrial, commercial/retail and office properties reported sold through the TorontoMLS system in February 2015, at 37, was down in comparison to 52 sales for the same month in 2014. Average selling prices were up substantially, but this was mainly due to a change in the size and location of properties sold.

“We are facing an uncertain economic outlook in 2015. However, the lower value of the Canadian Dollar relative to the US Dollar coupled with lower borrowing costs could be helpful to businesses operating in the GTA, particularly those that are focused on producing exports. It is possible that a growth in exports could lead to a growth in demand for real estate as producers expand production,” continued Mr. Etherington.

Source: Toronto Real Estate Board

Please feel free to contact me for a complete copy of the Market Watch Report


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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 measure

The 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.

"Expanding this Land Transfer Tax refund is an important part of our government's commitment to helping Ontarians buying their first home," Duncan said.

Effective 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.

For more information please click here: Land Transfer Tax Refund Program


 

Is your home "Fit to Sell?" Click here for video

 


If you are thinking of SELLING or BUYING Residential or Commercial Real Estate in the Greater Toronto Area (Toronto, Mississauga, Brampton, Caledon, Georgetown, Milton, Oakville 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.

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