Featured Home of the Week

 

Asking just $569,000

This wonderful two bedroom home was renovated in 2007 and features a nice open concept main floor, a fully finished basement with a large recreation room, and two more bedrooms.

Amazing 180 X 65 foot lot. Home is ideal to live-in and build your dream home in the future.

This home is very conveniently located in the Upper Middle Road East and 6th Line area of Oakville, near to schools, including French Immersion, parks, Glen Abby Golf Club, and much more.

Click here to view more details and photos

 


GTA REALTORS® Report Monthly Resale Housing Figures

TORONTO, June 3rd, 2015 – Toronto Real Estate Board President Paul Etherington announced 11,706 sales reported by Greater Toronto REALTORS® in May 2015. This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014. For the TREB market area as a whole, sales were up for all major housing types. However, in the City of Toronto, where the supply of low-rise listings has been constrained, sales were down for detached homes.

“During my tenure as TREB President over the past year, it is clear to me that ownership housing remains top of mind as a quality long-term investment for GTA households. This is why, despite a shortage of listings in some market segments, we experienced a record number of sales reported through TREB’s MLS® System for the month of May,” said Mr. Etherington.

Record May transactions, coupled with a dip in the number of homes available for sale, resulted in strong price growth. The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent year over year in May. The MLS® HPI uses benchmark homes to estimate price growth. This allows for an “apples to apples” comparison of price growth that is not affected by changes in the mix of sales activity. The average selling price for all home types combined in May 2015 was up by 11 per cent annually to $649,599. The higher annual rate of average price growth compared to the MLS® HPI Composite Benchmark points to the fact that the proportion of high-end home sales continued to be greater compared to 2014.

“Tight market conditions, especially for singles, semis and town homes in the GTA, have resulted in strong price growth regardless of the price metric being considered. With no relief so far on the listings front, expect similar rates of price growth as we move through the remainder of 2015. At this point, a number of months where listings growth outstrips sales growth would be required to satisfy pent-up demand,” 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, June 3rd, 2015Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 377,052 square feet of space leased on a per square foot net basis with pricing disclosed in May 2015. This result was down from 629,864 total square feet leased in May 2014. The industrial market segment accounted for 80 per cent of total square footage leased.

While the amount of space leased was down on a year-over-year basis in May, average per square foot net lease rates were up for the industrial and commercial/retail segments. The average office lease rate was down compared to 2014.

“Commercial leasing activity is often volatile on a month-to-month basis, with one large deal, or the absence thereof, making all the difference to the aggregate results. However, the fact that the average industrial lease rate was up in May compared to last year suggests that the demand for space in this important market segment remains strong,” said Mr. Etherington.

The total number of combined industrial, commercial/retail and office properties sold in May 2015 amounted to 52 – down from 61 transactions reported during the same month in 2014. The average industrial sale price on a per square foot basis was down slightly year-over-year. The average selling prices for commercial/retail and office properties were down by a greater amount, but this was largely due to a change in the mix of properties sold this year compared to last.


“Both the sale and leasing markets for commercial properties are dependent on firms’ outlook for the economy. While the positive impact of the lower Canadian dollar is promising for businesses in the Greater Toronto Area, uncertainty in the broader Canadian economic picture will likely feed through into some periodic volatility in results," continued Mr. Etherington.
 

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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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


 

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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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