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to the Phoenix Condominium and this spacious 2 bedroom, 2 bathroom unit.
The building offers great amenities.
Amazing downtown location - just steps to public transportation, Square
One Shopping Centre, City Hall, Living Arts Centre, YMCA, public
library, schools, plus much more.
Contact me today for more details or to book a private viewing before
this great condo unit is
GTA REALTORS® Report Monthly Resale
TORONTO, March 5th, 2014
– Toronto Real Estate Board
President Dianne Usher announced that February 2014 home sales
reported by Greater Toronto Area REALTORS® were up by 2.1 per cent
compared to the same period last year. Total February sales amounted
to 5,731 compared to 5,613 last year.
"Despite the continuation of inclement weather in
February, we did see a moderate uptick in sales activity last month.
The sales increase was largely driven by resale condominium
apartments. New listings of resale condominium apartments were up on
a year-over-year basis, giving buyers ample choice. This is in
contrast to the listings situation for singles, semis and town
homes, where supply continued to be constrained. Some would-be
buyers had difficulty finding a home that met their needs," said Ms.
"If we see renewed growth in listings for
low-rise home types, the pace of sales growth will accelerate as we
move through the year," Ms. Usher continued.
The average selling price for February 2014 sales
was up by 8.6 per cent to $553,193, compared to the average of
$509,396 reported for February 2013. The MLS® Home Price Index (HPI)
Composite Benchmark was up by 7.3 per cent year-over-year.
"While the strong price growth experienced over
the last year should prompt an improvement in the supply of
listings, sellers’ market conditions will continue to prevail this
year. Home prices, on average, will trend upwards at a pace
well-above the rate of inflation. The impact of strong price growth
on affordability will be mitigated by low borrowing costs," 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
March 5th, 2014
– Toronto Real Estate Board Commercial
Network Members reported 368,513 square feet of leased space
through the TorontoMLS system in February 2014, for
properties leased on a per square foot net basis where
pricing was disclosed. This result was down by 17 per cent
in comparison to February 2013. The industrial market
segment, which accounted for more than three quarters of the
square footage leased, was the driver of the year-over-year
"There were fewer lease
agreements signed for larger industrial spaces this past February in
comparison to the same period last year. It is important to note,
however, that leasing activity can be volatile on a month-to-month
basis. With that being said, the overall average lease rate for
industrial properties was up slightly in comparison to last year,"
said Commercial Committee Chair Cynthia Lai.
The average industrial
lease rate in February 2014 was $5.26 per square foot net – up by
1.2 per cent compared to $5.20 in February 2013. Average lease rates
were also up for the commercial/retail and office segments of the
market. While market forces accounted for some of the
commercial/retail and office increases, a change in the mix of
properties leased, in terms of size and geography, also impacted the
annual rates of growth.
The number of combined
industrial, commercial/retail and office property sales in February
2014 remained in line with the number of transactions reported
during the same time period in 2013. There was a total of 48 sales
reported this year, for which pricing was disclosed, compared to 51
sales in 2013.
The year-over-year change
in average selling prices on a per square foot basis was mixed. The
industrial selling price in February was up substantially in
comparison to the same period last year, whereas the average prices
for commercial/retail and office properties were down.
"The share and geographic
location of industrial sales over fifty thousand square feet was
different this past February compared to 2013. This accounted for
the large year-over-year change in the average industrial selling
price. Average industrial selling prices for smaller size categories
were similar on a year-over-year basis," continued 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