Public Open House

Sunday September 25th from 2:00 to 4:00 pm

61 Innes Avenue, Toronto (Caledonia between St Clair & Rogers)

 

Asking just $469,000

Welcome to this affordable two bedroom bungalow.

Features include generous size living and dining room, full basement with a large recreation room and a separate entrance, cantina, large back yard, plus much more.

This home has been enjoyed by the same family since 1964.

Very conveniently located just steps to public transportation, schools, and close to all the shops and restaurants along Rogers road as well as St Clair.

Contact me today for more details, or to schedule your appointment before it's SOLD.

Click here for more details

 


GTA REALTORS® Report Monthly Resale Housing Figures

TORONTO, August 4th, 2016 - Toronto Real Estate Board President Larry Cerqua announced that TREB REALTOR® Members reported 9,989 home sales through TREB’s MLS® System in July 2016. At just shy of 10,000 transactions, this was the best result on record for the month of July.

While sales were up on a year-over-year basis, the number of new listings was down over the same period, representing the continuation of a troubling trend in the GTA.

“GTA REALTORS® have been working very hard on behalf of their buyer clients to help them find a home meeting their needs. Unfortunately, listings for single-detached and semi-detached houses and town houses continue to be in short supply. The result has been an increase in pent-up demand and annual rates of price increases well above the rate of inflation. Housing policy is now top of mind for all levels of government. Policy makers need to be focusing on solutions to the sustained lack of low-rise inventory throughout the GTA,” said Mr. Cerqua.

The MLS® Home Price Index (HPI) Composite Benchmark was up by 16.7 per cent in July 2016 compared to the same month a year earlier. Similarly, the average selling price for all home types combined was up by 16.6 per cent year-over-year to $709,825.

“Relatively strong labour market conditions, above-inflation average income growth, and record low borrowing costs have kept many households confident about purchasing a home. As long as very strong buying intentions are up against an extreme shortage of listings, expect home price growth to greatly outpace the rate of inflation,” 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, August 4th, 2016 Toronto Real Estate Board President Larry Cerqua announced that TREB Commercial Network Members reported a combined 876,196 square feet of leased industrial, commercial/retail and office space in July 2016. These properties were leased on a per square foot net basis with pricing disclosed. This result represented a large increase compared to the same month last year. The industrial market segment, which accounted for 84 per cent of space leased, was the driver of strong year-over-year growth.

The average industrial lease rate was $5.88 per square foot net – up by 13 per cent year-over-year compared to the average of $5.20 in July 2015. In contrast, the commercial/retail and office lease rates were down compared to last year.

“The Greater Toronto Area regional economy continues to outperform many other metropolitan areas across Canada. As such, it was encouraging to see healthy commercial leasing numbers for July. However, it is important to point out that growth in the Canadian economy more broadly remains below the long-term norm and commercial leasing and sales results could fluctuate as GTA businesses adjust to current economic conditions,” said Mr. Cerqua.

The number of combined industrial, commercial/retail and office sales in July 2016, for transactions with pricing disclosed, were down compared to July 2015. The year-over-year change in average selling prices per square foot were mixed, with the average industrial selling price down substantially and the average commercial/retail and office prices up substantially.

It is important to note, that commercial property leasing and sales activity can be quite volatile on a month-to-month basis. As such, the types of transactions, in terms of property type and location, can vary. This can have a compositional impact on average lease rates and/or selling prices.

Source: Toronto Real Estate Board

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


New down payment rules in effect as of February 15th, 2016

Canada's Finance Minister Bill Morneau has announced the new down payment requirements which will come into effect on February 15th, 2016.

The minimum down payment for new insured mortgages will increase from 5% to 10% for the portion of the house or condo price above $500,000. Currently if you are buying a home for $650,000, the minimum down payment required is $32,500, effective February 15th, you would need an additional $7,500 for a total down payment of $40,000. 

This measure will see home buyers going into a home with a little bit more equity.


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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