Featured Home of the Week 


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Asking just $649.000. This charming three-bedroom family home has been lovingly maintained and is move-in ready. Features include a spacious family size kitchen, a separate entrance to the basement, a beautiful backyard that's perfect for summer entertaining, and a large single car garage.

This wonderful home is very conveniently located within walking distance to Corso Italia and all its shops & restaurants, wonderful Earlscourt Park with its swimming pool, skating rink and recreation centre. Close to the St. Clair streetcar and only one bus to the subway. A true gem in the city.

Pass by the open house this weekend, or call me today to schedule a private viewing of this wonderful home before it's too late.

GTA REALTORS® Report Monthly Resale Housing Figures

TORONTO, April 5th, 2017 - Toronto  Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 12,077 residential sales through TREB’s MLS® System in March 2017. This result represented a 17.7 per cent increase compared to the 10,260 sales reported in March 2016. For the TREB market area as a whole, annual sales growth was strongest for condominium apartments and detached houses.

The number of new listings also increased on a year-over-year basis, at 17,051 – a 15.2 per cent increase compared to March 2016. The strongest growth in new listings was experienced in the detached market segment. While new listings were up strongly compared to last year, the rate new listings growth was still lower than the rate of sales growth. As a result, GTA market conditions continued to tighten.

“It has been encouraging to see that policymakers have not implemented any knee-jerk policies regarding the GTA housing market. Different levels of government are holding consultations with market stakeholders and TREB has participated and will continue to participate in these discussions. Policy makers must remember that it is the interplay between the demand for and supply of listings that influences price growth,” said Mr. Cerqua.

Strong competition between buyers continued to cause high levels of price growth in all major market segments. The MLS® Home Price Index (HPI) Composite Benchmark Price was up by 28.6 per cent year-over-year. For the TREB market area as a whole, the average selling price was up by 33.2 per cent, with similar annual rates of growth in the low-rise and condominium apartment segments.

“Annual rates of price growth continued to accelerate in March as growth in sales outstripped growth in listings. A substantial period of months in which listings growth is greater than sales growth will be required to bring the GTA housing market back into balance. As policy makers seek to achieve this balance, it is important that an evidence-based approach is followed,” 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, April 5th, 2017 - Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported 5,538,743 square feet of combined industrial, commercial/retail and office space leased through TREB’s MLS® System in the first quarter of 2017. This result was down on a year-over-year basis compared to 6,421,452 combined square feet of leased space reported in the first quarter of 2016.

The majority of space leased was accounted for by the industrial segment of the market, within which agreements were reached for almost 3.9 million square feet, or 70 per cent of total space leased. Leased office space, at almost 942,000 square feet, followed by commercial/retail, at approximately 717,000 square feet, accounted for the balance of leasing activity.

The average industrial lease rate, for properties leased on a per square foot net basis with pricing disclosed was $6.39 – up from $5.20 in the first quarter of 2016. In Q1 2017, no large spaces (i.e. greater than 50,000 square feet) were reported leased through TREB’s MLS® System. Larger spaces generally lease for less per square foot, all else being equal. Therefore, the absence of large industrial leases in Q1 2017 accounts for much of the higher average lease rate.

“The first quarter of the year is generally a slower period for leasing activity and as such the mix of properties is not as diverse. As a result, it is possible to see some volatility in lease rates due to the changing composition of transactions from one year to the next. Looking forward, the outlook for the GTA economy is quite positive, which should see demand for commercial real estate remain strong in 2017,” said Mr. Cerqua.

The combined number of industrial, commercial/retail and office sales amounted to 234 in Q1 2017 – down from 326 in Q1 2016. The average selling price for transactions where pricing was disclosed was up for all three major market segments. Much of these price increases, however, was due to changes in the type, size and geography of transactions on a year-over-year basis.

Source: Toronto Real Estate Board

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

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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.

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