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Private Event at United East Toronto Condo

Wednesday Mar 08th, 2017

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Call me for this Private Event at United East Toronto Condo mgnhomes@gmail.com 416-710-1088 ‪#‎LiveWhereYouCanActuallyLive‬ ‪#‎Amenities‬ ‪#‎EastUnited‬‪#‎TerraceWithAView‬ ‪#‎TorontoCo [read more]

Demographia:- Vancouver ranked as world’s 2nd most unaffordable housing market

Wednesday Mar 08th, 2017

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Why the Real Estate in Toronto is getting higher and higher? Hong Kong, Vancouver and Sydney, Australia — those are the three most un-affordable housing markets in the world according to the International Housing Affordability Survey by Demographia, (http://goo.gl/ytVcK4) So Toronto is considered the 1st affordable option after Vancouver for new comers and overseas investors. Call me if you are looking to buy or sell in GTA. [read more]

Real Estate Value VS. Canadian Foreign Exchange (2014-2015)

Wednesday Mar 08th, 2017

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The fact CAD FX dropped by -15% (1.10 to 1.27) Real Estate Market increased by +10% (578K to 635K) So the market is very attractive to the overseas investors as they are buying cheaper properties than last year in Canada. This is why the market in Ontario is Very Hot. If you are looking to invest in Toronto please don't hesitate to call me I will be happy to help you. If you think this information is useful, please like my page. Mark... [read more]

RealNet: New low-rise home inventory drops to record low in GTA

Wednesday Mar 08th, 2017

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In March, there were 5,711 new low-rise homes available for purchase in the GTA, a 33 per cent drop from the year before. And fewer properties translated into higher prices. According to RealNet Canada, the average sale price for a new ground-level home in the GTA rose 12 per cent, year-over-year, to a new record high of $738,731. “This is a perfect example of demand outpacing supply,” explained BILD president and CEO Bryan Tuckey in a news release. “New ground-related... [read more]

Purpose-built Rental Apartment Supply to Increase 75% from past 10 Years

Wednesday Mar 08th, 2017

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FOR IMMEDIATE RELEASE TORONTO CONDO RENTAL MARKET SHIFTING TO MORE BALANCE Purpose-built Rental Apartment Supply to Increase 75% from past 10 Years TORONTO – April 15, 2015: Urbanation Inc., the leading source of information and analysis on the Toronto condominium market since 1981, released its first quarter condo rental market results for 2015 today and introduced a new survey of the purpose-built rental market. The number of condo apartments rented through the MLS system during... [read more]

Bank of Canada keeps rates on hold

Wednesday Mar 08th, 2017

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Bank of Canada keeps rates on hold   The Bank of Canada announced on March 4th, 2015 it was keeping its trend-setting overnight lending rate at 0.75 per cent. Six weeks earlier, the Bank surprised markets by cutting the rate by a quarter of a percentage point as insurance against economic damage from the drop in oil prices. In its March announcement, the Bank was upbeat about recent and further expected strength from exports and investment. Only time will tell to what extent... [read more]

Toronto Real Estate Board-Market Update For Feb 2015

Wednesday Mar 08th, 2017

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Feb 2015 : Feb 2014 Sales (up)                                   11.3% Avg Prices (Up)                             7.8% Days On Market (Down)                 -7.7% Avg. Supply (Down)                       -8.7% City of Toronto Avg... [read more]

You fell in love. Bought a house. Broke up. Can you force your partner to sell?

Wednesday Mar 08th, 2017

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By: Mark Weisleder Real Estate, Published on Fri Aug 29 2014 Falling in love and buying a home together sounds great; but if things fall apart, it can be expensive. Pascale Vaudrin and her boyfriend Glenn Caron bought a house together in Clarence-Rockland, just east of Ottawa. They took title as joint tenants, meaning that if one died, the property would automatically go to the other. This January, it was their romance that died and the couple split up. Vaudrin moved out... [read more]

GTA REALTORS® RELEASE MID-MONTH RESALE HOUSING FIGURES

Wednesday Mar 08th, 2017

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TORONTO, ONTARIO--(Marketwired - Feb. 18, 2015) - Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported a 14.9 per cent increase in the number of sales entered into the TorontoMLS system during the first two weeks of February 2015 compared to the same period in 2014. There was a total of 3,120 home sales during the first 14 days of February 2015. The number of new listings entered into the TorontoMLS system was also up on a... [read more]

5 things to remember when doing a renovation

Wednesday Mar 08th, 2017

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In the attached article, I was asked to quote about a situation when a general contractor went bankrupt in the middle of a home renovation, and the homeowner was then liable to pay the sub-trades who were not paid, even though they had already paid a substantial amount of money to the general contractor. Here are 5 things to remember before you hire anyone to renovate your home: 1.    Check references   Ask any contractor how long they have been in business and... [read more]

CANARY PARK CONDOS - New, Green Walkable Community

Wednesday Mar 08th, 2017

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Canary Park Condos is the latest phase of Canary District - a visionary and award-winning 35-acre community in Toronto’s fast growing downtown east and it is part of the West Don Lands Precinct Plan of the Toronto Waterfront Renewal project.  The 2 towers of Canary Park Condos will be just a short distance from the Don River, a new 18-acre Corktown Commons park and the starting point of the over 1800 km province-wide trail system that extends across Southern Ontario. Canary Parks is... [read more]

Condo Market Update by Urbanation Inc.

Wednesday Mar 08th, 2017

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Condo Market Update - TORONTO – January 12, 2015:  Urbanation Inc., the leading source of information and analysis on the Toronto condominium market since 1981, released its fourth quarter and annual rental market results for 2014 today……..The number of condo apartments rented through the MLS system during 2014 in the Greater Toronto Area managed to top 2013’s breakout year by growing 15% to 22,765 units.    For the year as a whole, condo... [read more]

Rent-to-own works, but beware the pitfalls

Wednesday Mar 08th, 2017

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Renting to own a house can be a very effective way for a buyer without enough of a down payment to buy a home. But do your homework.   The concept of rent-to-own can be a very effective way for a home buyer who does not have enough of a down payment, or the right credit score, to buy a home. It allows you to make the purchase over time at a set price. But you have to be careful. Without due diligence, problems can occur for everyone involved. In a typical... [read more]

5 things to remember about chattels and fixtures

Wednesday Mar 08th, 2017

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The buyer notices that the oven is not working when they do their final home visit, 2 days before closing. Can  the buyer refuse to close or hold back money to repair the oven? These are just some of the questions that I  receive from anxious buyers during the course of a home purchase.  Here are 5 key lessons to remember: 1. The buyer cannot refuse to close a real estate deal if an appliance is not working, or if there are minor  damages on the property, unless the... [read more]

7 ways to avoid home buying horrors

Wednesday Mar 08th, 2017

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Now that the Halloween season is upon us, it is a good time to remind buyers how they can avoid mistakes when buying a home that will lead to nightmares later. Here are 7 ways to prepare so that you don't have a horror story to share 1.    Make sure your lender has done their appraisal of your home Just because you are pre-approved for financing, it does not mean you will get your money on closing. There are always more lender conditions to satisfy, whether it is income... [read more]

Urbanation Q3 Condo Market Results

Wednesday Mar 08th, 2017

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STRONG SALES BRING DOWN SUPPLY IN TORONTO NEW CONDO MARKET TORONTO – October 30, 2014:  Urbanation Inc., the leading source of information and analysis on the Toronto condominium market since 1981, released its Q3-2014 market results today. A total of 4,753 new condominium apartments were sold across the Greater Toronto Area during Q3-2014, representing the third best summer for the market behind 2011 and 2007 and a 53% year-over-year increase from a 10-year low in... [read more]

VIP Pre-construction Condo - New Aquavista Waterfront Condos From Tridel

Wednesday Mar 08th, 2017

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In June of 2013, Toronto condominium developer Tridel Corp. and real estate developer Hines International officially revealed plans for the first residences to be built at the new Bayside community on Toronto’s waterfront. Aqualina at Bayside, a condominium community designed by architectural firm Arquitectonica, will rise on the waterfront location bounded by Sherbourne Common, a new Waterfront Promenade, a new road called Merchants’ Wharf, and Queen’s Quay Boulevard. The... [read more]

Toxic |Mould In Homes by Brian Harley Home Inspector 416-896-3643

Wednesday Mar 08th, 2017

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There have been 270 species of mould identified in Canada. Health Canada recommends that all mould, regardless of species be cleaned and that the underlying problems which enabled the growth of the mould should be dealt with immediately, to prevent potential health issues. Mould needs moisture and organic material to start and thrive. Leaky pipes, roofs, or windows can provide the moisture it takes to start a colony. Improper ventilation in attics, kitchens, bathrooms and laundry rooms may... [read more]

Condo Culture

Wednesday Mar 08th, 2017

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he proliferation of today’s renovation and design ideas has resulted in our homes increasingly becoming a reflection of our distinct tastes and lifestyles. Entire condominium developments are in fact, created to cater to specific cultures and aesthetics. Style and ease of living are so important to busy Torontonians that a TD Canada Trust poll conducted in April 2010 found that we are mainly drawn to condo living because it involves less upkeep. Further, we’re willing to pay... [read more]

Condo Ownership -- What to Expect

Wednesday Mar 08th, 2017

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If you are considering the purchase of a condominium in the Greater Toronto Area you are one of many residents who recognize the numerous benefits of this type of property ownership. Offering affordability, proximity to desirable areas and limited maintenance, it’s no wonder that condominiums now represent one in every three resale home transactions in the GTA. Before proceeding with your purchase though, it’s wise to gain an understanding of how condominium living differs from... [read more]

NEW CONDO BUYING

Wednesday Mar 08th, 2017

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  Like all markets, real estate experiences fluctuations in activity. One constant in the Greater Toronto Area though, is the growing number of condominium transactions. Combining affordability with carefree living and the latest amenities, condominiums are attracting more buyers than ever before. In June 2010 for example, condominiums comprised nearly 33 per cent of all sales. By contrast, at the same time a year ago they comprised nearly 29 per cent of transactions. While... [read more]

How have tightened Canadian mortgage regulations affected sales?

Wednesday Mar 08th, 2017

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Chris Jokel   29/05/2013 - Economic Insights http://www.creacafe.ca/how-have-tightened-canadian-mortgage-regulations-affected-sales/   To prevent a housing market bubble from forming while interest rates have stayed low, the Harper Government tightened mortgage regulations four times in each of the past four years (Table 1). This invites the question: what effect have they had?   Table 1   The short answer is: it depends. For... [read more]

How a House Sale Repair Clause Led To A Law Suit

Wednesday Mar 08th, 2017

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By: Mark Weisleder Real Estate, Published on Sun Jun 09 2013Real estate law: Be careful about how you word repair clause in home sale contract, or you might end up in court.Most home sale deals are conditional on the buyer being satisfied with an inspection. If the inspector finds problems that are big enough, the buyer usually wants them corrected in order to go through with the deal. As the following case shows, if you are not careful about how you word the repair clause,... [read more]

12-MONTH HOME PRICE INFLATION UNCHANGED IN MAY AT 2.0%

Wednesday Mar 08th, 2017

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In May, for a second consecutive month, the Teranet-National Bank National Composite House Price Index™ was up 2.0% from a year earlier, the smallest 12-month increase since November 2009. By way of comparison, the Case-Shiller home price index of 20 U.S. metropolitan markets was up 10.9% from a year earlier in March (the latest available reading). In Canada, the price gain over the 12 months ending in May exceeded the cross-country average in seven of the 11 markets surveyed for the... [read more]

REMAX CROSSROADS

Wednesday Mar 08th, 2017

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Just to share with all my clients that I am very exited to let you know that I Joined REMAX. This is mainly to provide you with a higher level of service regarding all your real estate needs in GTA. Mark Nakhla    B.Sc. Salesperson   Cell: 416.710.1088 Off: 905.305.0505 Fax: 905.305.0506 mnakhla@trebnet.com Re/Max Crossroads Realty Inc. Brokerage.  Serving ALL Your Real Estate needs for Over 20 Years [read more]

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