Public Open House

235 Melita Avenue (Christie & Davenport), Toronto

Saturday July 25th & Sunday July 26th from 2:00 to 4:00 pm

Asking just $779,000

Welcome to this spacious, 3 storey, 4 bedroom home with 2 kitchens, and 2 bathrooms.

Features include 9 foot ceilings on main floor, parking for 2 cars, some exposed brick on 3rd floor, and lots of original charm & character.

This home has tremendous potential and is ideally located on an amazing tree-lined, dead end street. Walking distance to Hillcrest Public School, short ride or walk to subway, Hillcrest Park and all the great amenities this amazing Wychwood community has to offer.

Click here to view more details and photos

 


GTA REALTORS® Report Monthly Resale Housing Figures

TORONTO, July 7th, 2015 – Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 11,992 sales through TREB’s MLS® System in June 2015. This result represented a new record for the month of June and an 18.4 per cent increase over the June 2014 result of 10,132.

“As I begin my term as TREB President, I think it is important to point out that our region continues to grow in response to our diverse economic, ethnic and cultural bases. The GTA consistently receives international accolades as one of the best places in the world to live and do business. As the number of households grow, many of them will take advantage of the diversity of affordable home ownership opportunities that exist in Toronto and the surrounding areas,” said Mr. McLean.

Selling prices were up markedly on a year-over-year basis in June, for all major home types. The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent in comparison to June 2014. The average selling price was up by 12.3 per cent over the same period to $639,184.

High-end homes have accounted for a greater share of overall transactions this year compared to last year. This is the key reason why the average selling price has increased at a greater annual rate than the MLS® HPI Composite Benchmark.

“It is encouraging to see that new listings have edged upward so far this year, as homeowners have reacted to strong home price growth and have looked to take advantage of increased equity in their homes. However, the annual rate of sales growth continues to far outstrip listings growth, which means that there remains a lot of willing buyers in the marketplace who haven’t found a home that meets their needs. As long as this situation persists, expect home prices to trend strongly upward,” 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, July 7th, 2015Toronto Real Estate Board President Mark McLean announced that TREB Commercial Network Members reported 5,896,493 square feet of leased industrial, commercial/retail and office space during the second quarter of 2015. This result was little changed from Q2 2014 when a total of 5,806,376 square feet of space was leased. The industrial segment accounted for almost three quarters of total space leased.

The average second quarter industrial lease rate for properties leased on a per square foot net basis with pricing disclosed was $5.42, representing a 6.5 per cent year-overyear increase compared to the second quarter of 2014. The average commercial/retail lease rate was up over the same period by 1.6 per cent to $19.27. The average office lease rate was down by 8.6 per cent to $12.27.

“The fact that second quarter industrial leasing activity remained quite strong on a yearover-year basis, and was coupled with a respectable annual increase in the average lease rate, suggests that many firms in the GTA have taken on new space with the expectation that their businesses will expand moving forward,” said Mr. McLean.

Total sales in the second quarter were down by 22.1 per cent year-over-year to 250 from 321 transactions reported in Q2 2014. The number of deals reported were down on a relatively uniform basis across major property classes. Average selling prices on a per square foot basis, where pricing was disclosed, were marginally lower for the industrial and commercial/retail property segments. The average selling price was up considerably for office properties, but this was largely due to a different mix of properties sold this year compared to last, specifically in the City of Toronto.

“The latest results for Canadian gross domestic product suggest that the dip in the oil and gas sector continued to be a drag on the overall economy in the second quarter. Looking ahead, the GTA economy stands to benefit from the decline in value of the Canadian dollar, especially in export-oriented sectors. However, the timing for these benefits to materialize may be longer than originally expected, which may be prompting some would-be property investors to remain on the sidelines,” continued Mr. McLean.

Source: Toronto Real Estate Board

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


Quick review of 2014 markets across Canada and 2015 forecast

 


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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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