Featured Rental of the Week

 

Asking $1,350 per month plus hydro - This spacious two bedroom basement apartment is in great condition and is ready for immediate occupancy. Brand new eat-in kitchen, new floors, front and back entrance to apartment, and plenty of storage. Ensuite laundry for your convenience included in the rent. One parking spot in front of home also included in rent.

Call today for more details or to schedule a viewing of this apartment before it's Rented.


Quick review of 2014 markets across Canada and 2015 forecast

 


GTA REALTORS® Report Monthly Resale Housing Figures

TORONTO, February 4th, 2015 - Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year. This result represented a 6.1 per cent increase over January 2014. During the same period, new listings were up by 9.5 per cent.

"The January results represented good news on multiple fronts. First, strong sales growth suggests home buyers continue to see housing as a quality long-term investment, despite the recent period of economic uncertainty. Second, the fact that new listings grew at a faster pace than sales suggests that it has become easier for some people to find a home that meets their needs," said Mr. Etherington.

The average selling price for January 2015 home sales was up by 4.9 per cent year-over-year to $552,575. The MLS® Home Price Index (HPI) Composite benchmark was up by 7.5 percent compared to January 2014.

"Home price growth is forecast to continue in 2015. Lower borrowing costs will largely mitigate price growth this year, which means affordability will remain in check. The strongest rates of price growth will be experienced for low-rise home types, including singles, semis and town houses. However, robust end-user demand for condo apartments will result in above-inflation price growth in the high-rise segment as well," said Jason Mercer, TREB's Director 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

TORONTO, February 4th, 2015 – Toronto Real Estate Board President Paul Etherington announced that, in January 2015, TREB Commercial Network Members reported 347,046 leased square feet of industrial, commercial/retail and office space within the TREB market area for which pricing was disclosed on a per square foot net basis. This result was down by 19.7 per cent compared to 431,941 square feet of combined space leased in January 2014. Over three-quarters of leased space was accounted for by the industrial market segment.

The average lease rate for industrial space was virtually unchanged compared to a year ago. Both the commercial/retail and office lease rates were up substantially on a year-over-year basis, but most of this increase was the result of a compositional shift in the size of properties leased this year compared to last. Last year, a greater share of larger properties were leased. Larger properties tend to lease for less on a per square foot net basis.

“The next 12 months will be an interesting period of time for commercial real estate in the Greater Toronto Area. On the one hand, we have the potential for the drop in oil prices to impact the Canadian economy as a whole. On the other hand, we have the potential positive impacts of the lower Canadian dollar on exports from southern Ontario. As we move toward the spring, we should have a better indication of the net effects on commercial real estate markets in the GTA,” said Mr. Etherington.

The number of industrial, commercial/retail and office sales in January 2015, at 49, was almost unchanged compared to January 2014 when 50 sales were reported. The year-over-year change in average sale prices reported on a per square foot basis were mixed. The average sale price for industrial properties was down compared to January 2014, but this was largely due to some very large properties changing hands this year. Larger properties generally sell for less on a per square foot basis. Commercial/retail and office selling prices were both up compared to last year.

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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