Toronto Real Estate

ONE SIZE DOES NOT FIT EVERYONE

2012-02-15T12:40:00.000-05:00

Greater Toronto Realtors reported 4,718 transactions through the TorontoMLS® system in December 2011. The December result capped off the second-best year on record under the current Toronto Real Estate Board (TREB) boundaries. Total sales for 2011 amounted to 89,347 – up four per cent in comparison to 2010.TREB’s baseline forecast for 2012 is for an average price of $485,000, representing a more moderate four per cent annual rate of price growth. This baseline view is subject to a heightened degree of risk given the uncertain global economic outlook,” continued Mercer.my question is what is average canadian family income $60,000 or $70,0000 and they may be qualified to borrow 3 to 4 times, that comes to under $300,000. I don't think we can find many properties in toronto for that price. so end users are pushed out of the market.Look at this Canadian prices are over valued by 54% globallynext let us look at rental market, vacancy rate in toronto is less than 2% is very good for the investors to buy a unit and rent it out. let the rent pay the mortgage since the mortgage is so low 3-4%. why should we put our money in bank ..you get nothing in return and stock market...you know how it takes you for ride (if you enjoy it ..is ok) what happens if the rates go up. there is lot of ifs and buts. As of today may be couple of years it is not going to change much looking at U.S. and global situation. so take the ride, when it comes down to the point we can streach the mortgage to fit our income and investment strategy. In investment not that you put your money and forget it. you always revisit and make changes. when did we see new rental building constructed last in toronto, what about constant new immigrants coming to toronto..they do need a place to stay.In four years,that’s now used as a parking lot and police impound near the shores of Lake Ontario will be home to Ten York, a 75-story glass building that would be the country’s third-tallest condo tower.Toronto has more skyscrapers and high-rises under construction than any North American city ...very interesting. Why I call this market one size does not fit everyone, one more thing we should look at major cities in north america, since cities and business compete globally? let us keep this for some other time.

CMHC — Home Buying Step by Step

2012-02-02T09:41:00.000-05:00

CMHC — Home Buying Step by Step

city of waterloo

2012-01-26T16:31:00.000-05:00

Forget what you know about typical student housing. this condo comes to the market with something new, a condominium suite that you own, dressed in today’s trends and finishes.this is with 3 & 5 bedrooms specialy built for students like... the University of Waterloo, Wilfrid Laurier University, Conestoga College Institute of Technology and Advanced Learning. Waterloo Region is one of Canada’s fastest growing communities, expected to reach 729,000 people by 2031. The growth rate of the Region is nearly twice the Canadian average.Ranked a Top 5 small "North American Cities of the Future," by FDI, the Waterloo Region has been ranked as the fourth best place to do business in Canada. although RIM is making lot of news in todays market, rental units for the university students is potentialy looking good.only few units available, for vip pass and special price ...call me firstalso builder will rent the unit for the first year...rent is gauranteed.

2012-01-14T12:42:00.004-05:00

TALK OF TEN YORKA phenomenal new residence is rising above it all at the gateway to the city. TEN YORK, Tridel's proposed condominium tower at the corner of York and Harbour is scheduled to launch in the Spring of 2012. Don't miss your opportunity to own in the most iconic new building this city has ever seen.The city of toronto is ready for panam games by 2015. they have a master plan for the lakeshore,in which they will have buildings for sports, events, parks. looks like the whole neighborhoodwill transform in to beautiful village itself....with walk to city.

ARE YOU FIT TO SELL

2011-01-22T16:22:00.000-05:00

top 5 reasons to hire when you buy your home

2011-01-22T16:15:00.002-05:00