Featured Rental of the Week

Please click photo for more details

Asking $1,700 per month plus hydro - Second floor - This spacious two bedroom apartment is in fantastic condition and is ready for immediate occupancy. Brand new eat-in kitchen with sliding doors to a large balcony. Ensuite laundry for your convenience included in rent. Parking for one car in garage available for an extra $100.

Asking $1,800 per month plus hydro - Main floor - This spacious two bedroom apartment is in fantastic condition and is ready for immediate occupancy. Brand new eat-in kitchen. Ensuite laundry for your convenience included in rent. Parking for one car in garage available for an extra $100. 

Asking $1,400 per month plus hydro - Basement - This spacious two bedroom apartment is ready for immediate occupancy. Brand new eat-in kitchen. Ensuite laundry for your convenience and parking for one car in front of home included in rent. 

Call today for more details or to schedule a viewing of these wonderful apartments before they're Rented.


Quick review of 2014 markets across Canada and 2015 forecast

 


GTA REALTORS® Report Monthly Resale Housing Figures

TORONTO, January 7th, 2015 - Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 92,867 residential sales through the TorontoMLS system in 2014, including 4,446 in December. The calendar year 2014 sales result represented a 6.7 per cent increase over the 2013 sales figure of 87,049 and was just short of the record set in 2007.

"TREB's 2014 sales figures are a testament to the importance Greater Toronto Area households continue to place on home ownership. GTA households realize that home purchases have been a quality long-term investment. While home prices certainly increased substantially in 2014, the purchase of an average priced home remained affordable, in terms of the average household's ability to comfortably cover their monthly mortgage payments," said Mr. Etherington.

The average selling price continued to grow on a year-over-year basis in calendar year 2014, with an 8.4 per cent increase over calendar year 2013 to $566,726. This included a seven per cent increase in the December 2014 average selling price to $556,602. Throughout 2014, annual increases in the average selling price and the MLS® HPI Composite Benchmark were consistently reported on a monthly basis for most market segments, from detached homes through to condominium apartments.

"The strong price growth we experienced in 2014 can be explained with two words: listings shortage. The constrained supply of listings was especially evident for low-rise home types like singles, semis and town houses. The number of households looking to purchase these home types increased, while the number of homes from which they could choose decreased. This situation resulted in more competition between buyers and more aggressive offers," 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, January 7th, 2015 – Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 5,120,001 square feet of leased industrial, commercial/retail and office space during the fourth quarter of 2014.

This result was down by five per cent compared to the fourth quarter of 2013. The amount of space leased was down for the industrial and commercial/retail segments and up for the office segment.

Average lease rates for properties leased on a per square foot net basis (where pricing was disclosed) were little changed compared to Q4 2013 for industrial and office properties. The average lease rate for commercial/retail properties was up on a year-over-basis. Generally speaking, average lease rate increases or decreases result from both a change in market conditions and a change in the mix and type of properties leased from one year to the next.

“The third quarter result for Canadian Gross Domestic Product represented relatively strong economic growth and included an increase in exports, which is a positive for many businesses operating in south central Ontario. Notwithstanding the stock market turmoil experienced during the fourth quarter of 2014, it is quite possible that the lower value of the Canadian dollar could prompt further demand for Canadian exports. This could lead some GTA firms to step up their search for new space as the demand for their goods and/or services increases,” said Mr. Etherington.

Total commercial sales in the fourth quarter, at 243, were down in comparison to the same period last year, when 336 properties were reported sold. While the number of transactions were down, average selling prices on a per square foot basis (where pricing was disclosed) were up for industrial and office properties, and down only slightly for commercial/retail properties.

“Looking forward through 2015, the Greater Toronto Area continues to be a global region with a diversified economy and a high quality of life. These attributes will continue to put the Toronto area in good stead, as it relates to attracting businesses and new comers from around the world,” continued Mr. Etherington.

Source: Toronto Real Estate Board

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


Visit global.remax.com to Find Your Next Home or Property

In over 80 countries, the RE/MAX network has thousands of offices and agents, ready to help your family find the home that's right for you. Whether its your first home, second home, retirement home or investment home. On global.remax.com, search for properties in your language and in your currency.


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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