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July 4, 2008 -- The trend toward more balanced market conditions continued in June with 8,600 properties changing hands, Toronto Real Estate Board President Maureen O’Neill announced today. It is important to note that in this release you will also find market numbers specific to the resale housing activity in 2006 and 2007. This comparison is provided to help present a more accurate perspective of the resale housing market of 2008. At $395,866, the Greater Toronto Area average price for last month increased by four per cent compared to June 2007 when it was $381,963. The City of Toronto’s average price of $433,082 last month increased three per cent from $421,139 in June 2007. In the 905 Region, last month’s average was $370,559, an increase of four per cent, from $355,240 in June 2007. In the first two quarters of 2008, the average GTA price increased four per cent to $390,054 from $373,719 during the same time period in 2007, and up 9 per cent from the $356,977 recorded in the same period in 2006. In the City of Toronto, the average price in 2008 increased four per cent to $427,198 from $411,530 in 2007, and up 10 per cent from $389,313 during the same period in 2006. In the 905 Region the increase was five per cent to $365,536 from $347,852 a year ago, up 9 per cent from
$334,220 in 2006. “Although June 2008 sales in the Greater Toronto Area (GTA) have declined 18 per cent to 8,600 from the June 2007 total of 10,451, June 2007 was the best performance ever for that month,” said Ms. O’Neill. “This year we’re seeing a return to calmer conditions but the market remains healthy. When compared to the 8,730 transactions in June 2006, GTA sales activity in June 2008 decreased by only one per cent.” Record month June 2007 saw a 20 per cent increase over June 2006. In the City of Toronto there were 3,481 transactions last month, a decline of 18 per cent from June 2007 with 4,238 sales but down 4 per cent over the 3,641 transactions in June 2006. When you compare record month June 2007 with June 2006, a period before the Toronto Land Transfer Tax went into effect, sales increased 16 per cent. The 905 Region experienced an equivalent decline of 18 per cent, with 5,119 sales last month compared to 6,213 transactions in June 2007 but a one per cent increase over the 5089 properties sold in June 2006. When you compare record month June 2007 with June 2006, sales in the 905
Region increased by 22 per cent. In the first two quarters of 2008, GTA sales declined 14 per cent to 43,685 transactions from 50,648 during the same time a year ago and down five per cent from the 45,797 recorded in the same period in 2006. When you compare the first two quarters of 2007 with the same period in 2006, GTA sales increased by 11 per cent. In the City of Toronto, sales for the first two quarters declined 15 per cent to 17,370 from 20,574 in 2007 and down 8 per cent from 18,917 in 2006. In the 905 Region sales declined 12 per cent to 26,315 from 30,074 in 2007 and down 2 per cent from 26,880 in 2006. However, when you compare the first two quarters of 2007 with the same period in 2006, sales increased by 9 per cent in the City of Toronto and by 12 per cent in the 905 Region. “The increase in listings we have seen in recent months has resulted in a slightly longer period during which homes are on the market, from 29 days a year ago to 34 days currently,” said Ms. O’Neill. “This has given buyers and sellers a little more time to make well-considered decisions.” In certain pockets however, the pace of sales remained brisk this June. Brooklin (E19) experienced a 35 per cent increase in overall sales based on strong detached home transactions. Burlington (W25) saw a 65 per cent increase in activity, driven by detached home transactions and even more robust attached/row house sales.
In Downtown East (C08), activity was up four per cent due to attached/row house and condominium apartment sales. “We expect to see balanced market conditions continue in the coming months,” said Ms. O’Neill. “When you look at it from a long-term perspective real estate invariably provides stable returns.” Go to complete copy of TREB’s Market Watch Report.
07/04/08
Note to users: Although TREB endeavours to ensure the accuracy and timeliness of information, it is not guaranteed. TREB accepts no responsibility for any loss arising from any use or reliance on the information contained herein. All information on this site is copyright © 2008 Toronto Real Estate Board. All rights reserved.
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Heart Lake / Fletchers Meadow, Brampton - The 2 story at 26 Mitchell Ave. has been sold. Property information
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Heart Lake / Fletchers Meadow, Brampton - The 2 story at 12 Sprucedale Crt. has been sold. Property information
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Heart Lake / Fletchers Meadow, Brampton - The 2 story at 7 Reynier Dr. has been sold. Property information
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Heart Lake / Fletchers Meadow, Brampton - The 2 story at 64 Sutter Ave. has been sold. Property information
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Gorgeous Executive Home
• 2,400 sq. ft., 3 bath, 4 bdrm 2 story "All Brick Exterior" -  MLS® $479,000 CAD - BEST VALUE IN STONEGATE! Stonegate, Brampton - Gorgeous Executive Home!
Located in one of Brampton's premier areas, this stunning home exudes "curb appeal" and is in spotless move in condition!
Have your own private park, with lush lawns and gardens, mature shrubs and trees, wrought iron fencing. Retire to your patio oasis, surrounded by tall hedges and trees.
An elegant curved walkway of interlocking brick leads you to the double front door entry, and a spacious foyer. The foyer is highlighted by a semi-circular staircase with oak railing, and a double closet. Off the foyer is a convenient powder room, a handy main floor laundry (double door closet) and side entry door to enclosed pathway and garage entry.
The large elegant living and dining rooms are perfect for formal entertaining, filled with light from the bay window in the living room, and a large picture window in the dining room overlooking the landscaped gardens.
The eat in kitchen features an peninsula style work area with light oak cabinets, updated counter top, stainless double sink and faucet, and over the range microwave oven, plus a built in dishwasher. The greenhouse style breakfast area overlooks the rear gardens and patio through a bay window.
The cosy family room features a walkout to the rear patio, a wood burning fireplace, and new Berber carpeting.
Upstairs, the spacious master bedroom of about 300 sqf.ft., features a relaxing sitting area, a walk in closet, and large 4 piece Ensuite bathroom, complete with separate shower stall (freshly renovated April '08 and painted) and a deep oval soaker tub.
There are 3 more large bedrooms, (one with double closet) plus a double size linen closet. Tastefully decorated in neutral tones throughout, you'll find this home is very easy to live with, in immaculate condition, and extremely well maintained. Nothing to do but move in an enjoy!
A special find for those that want a mid sized family home in a prestigious neighbourhood, and a very rare oversized lot.
Act NOW! Property information
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Gorgeous Executive Home! • 2,400 sq. ft., 3 bath, 4 bdrm 2 story - $479,000 CAD - Spotless Move In Conditon Stonegate, Brampton - Gorgeous Executive Home!
Located in one of Brampton's premier areas, this stunning home exudes "curb appeal" and is in spotless move in condition!
Have your own private park, with lush lawns and gardens, mature shrubs and trees, wrought iron fencing. Retire to your patio oasis, surrounded by tall hedges and trees.
An elegant curved walkway of interlocking brick leads you to the double front door entry, and a spacious foyer. The foyer is highlighted by a semi-circular staircase with oak railing, and a double closet. Off the foyer is a convenient powder room, a handy main floor laundry (double door closet) and side entry door to enclosed pathway and garage entry.
The large elegant living and dining rooms are perfect for formal entertaining, filled with light from the bay window in the living room, and a large picture window in the dining room overlooking the landscaped gardens.
The eat in kitchen features an peninsula style work area with light oak cabinets, updated counter top, stainless double sink and faucet, a new fridge, stove, and over the range microwave oven, plus a built in dishwasher. The greenhouse style breakfast area overlooks the rear gardens and patio through a bay window.
The cosy family room features a walkout to the rear patio, a wood burning fireplace, and new Berber carpeting.
Upstairs, the spacious master bedroom features a relaxing sitting area, a walk in closet, and large 4 piece Ensuite bathroom, complete with separate shower stall (freshly renovated and painted) and a deep oval soaker tub.
There are 3 more large bedrooms, (one with double closet) plus a double size linen closet. Tastefully decorated in neutral tones throughout, you'll find this home is extremely easy to live with, in immaculate condition, and extremely well maintained. Nothing to do but move in an enjoy!
A special find for those that want a mid sized family home in a prestigious neighbourhood, and a very rare oversized lot. You've seen all the ads that say "Immaculate", "spotless" etc. etc.. and some of them a just plain B.S.! I assure you..THIS HOME IS JUST WHAT I SAY IT IS. NO MORE. NO LESS.
Act NOW! Property information
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• 1,700 sq. ft., 2 bath, 4 bdrm single story - MLS® $294,900 CAD - Spotless Move In Conditon Heart Lake / Fletchers Meadow, Brampton - Awesome Super Size 4 Bedroom, Quiet Court, Fabulous Hear Lake Family Area!
Top Quality Throughout. A Short Walk To Parks, Schools, Loafers Lake, Heartlake Town Centre!
The spacious foyer features a handy custom renovated 2 piece powder room, and internal garage access, and opens into a Large Very Elegant Living/Dining room The living room is highlighted by a corner fireplace and a French Door Walkout To a lange interlocking brick Patio & Landscaped Gardens!
The modern renovated Kitchen features many custom touches, plus a second walkout to a side patio!
Upstairs you will find 4 Very Roomy Bedrooms, all with double closets. A sensational 4 piece Custom Renovated bathroom is found here also!
Downstairs is a Large Open Rec Room, great For Family Times, Plus storage, and laundry area
You won't be disappointed...ACT NOW!
Extras: 5 appliances,cac,int.gar.access,custom transom lite frt.door,quality laminate/broadloom,venitian plaster details,upgraded trim/doors,furnace,cac,roofing,thermal windows,electric panel,all upgraded.High end lite fixtures,custom drapes/blinds
Remarks for Brokerages: Not you average semi! Your clients will love the location and the home!No Detail Over Looked. Absolute Move In Conditition. For Those Who Appreciate The Best. Attach Scheduel B With Offer, See feature sheet for more details. Certified deposit pls.
Property information
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Boomers also living with the boomerang effect
TORONTO, March 18 /CNW/ - There truly is no place like home for Canada's
Baby Boomers. In fact, 60 per cent of Boomers would prefer to stay in their
current community when they retire, according to RBC's 15th annual
homeownership study.
"Even though this generation of zoomers will tell you they have plans to
travel abroad and pursue a more active lifestyle, many still want to keep
their current home in retirement," said Catherine Adams, vice-president, Home
Equity Financing, RBC Royal Bank. "Having a home base that is familiar and
comfortable and where they know their neighbours and their community is
important to them."
To make it possible to stay right where they are, just over half of the
Boomers (53 per cent) surveyed intend to do some remodelling, while 19 per
cent plan on undertaking some major renovations. As well, 24 per cent are
looking to purchase a second property, or vacation house.
Said Ms. Adams, "Interestingly, we also found that Boomers are not
attracted to "seniors-only" communities, as over three-quarters find it
appealing to retire in an area where there is a mix of younger and older
residents - perhaps because most of Canada's Boomers don't see themselves as
old."
Boomers on the move
Of the forty per cent of Boomers who do not plan to stay put in
retirement, the type of communities they would prefer to move to fall into
four distinct categories:
<<
- "Camp 60 Plus": 29 per cent have an affinity to retire in a close to
nature community centred on outdoor activities.
- "Let me entertain you": 22 per cent would prefer a setting that
focuses on social interactions, activities, and interests.
- "Survival of the fittest": 16 per cent would rather live in a
community which promotes a lifestyle focused on health, fitness,
nutrition and emotional well-being.
- "Reduce, reuse, retire": 15 per cent prefer a community supporting
environmentally-responsible behaviour and lifestyle.
>>
The survey also showed that Boomers want it all. When asked to rate the
appeal of certain features relating to a possible retirement home, Boomers
were attracted to a home within walking distance of necessary services (89 per
cent), close to nature (89 per cent), well-suited for entertaining family and
friends (88 per cent), one which features everything on one floor (87 per
cent), and one which is close to water (84 per cent).
When it comes to changes in residence that Boomers are likely to make in
retirement, 40 per cent say they plan to move to a region where housing is
more affordably priced. Not surprisingly, after withstanding long, cold and
snowy Canadian winters, many boomers, once retired, would prefer a warmer
climate (35 per cent), but only a few are likely to move to a different
country (11 per cent). Men (16 per cent) are more likely than women (12 per
cent) to want to move to a different country in their retirement.
The sandwich generation
Boomers are not taking their adult children into consideration when
thinking about their home in retirement. Sixty-one per cent are not attracted
to a home that has separate quarters for adult children living at home.
However, 53 per cent are interested in a home with separate living quarters
designed to meet the needs of aging parents or relatives.
The boomerang effect
Yet, some Boomers are living with both generations. While only five per
cent of Boomers report having their parents or in-laws living with them, 15
per cent say they have adult kids aged 21 or older living at home - of that
percentage, 41 per cent have returned home to live, and a whopping 59 have
never left home. One in three (30 per cent) say the primary reason their adult
children are living with them is to save money, 11 per cent say it's because
of no job or job loss, seven per cent to save for a down payment and six
percent are living with their parents due to marriage or relationship
breakdown.
Boomers with mortgages
Eighty-three per cent of Boomers think it's important to pay off their
mortgages before they retire, however, 61 per cent still have a mortgage. Of
those Boomers surveyed, 22 per cent believe their home will be their primary
source of income when they retire.
"As expected, many Boomers who have yet to retire are still carrying a
mortgage, but unlike their parents, this generation may continue to tap into
their home equity, when retired, for the things that matter most to them,"
added Adams. "In early retirement, the 'middle-agers' may want to help their
boomerang kids get established, upgrade their home, or buy a vacation
property. In the 'senior' phase of retirement, they may use those funds as
income to cover any rising costs and taxes required to stay put in their
current home."
Boomers just want to have fun
Eighty-eight per cent of Boomers feel a home that is well suited for
entertaining family and friends is appealing. Over three quarters (78 per
cent) would like to have a maintenance service for their home, while 59 per
cent find a condominium community attractive, with security, landscaping, and
shared amenities - such as a pool, gym or golf course are taken care of.
Willing to downsize but not downgrade
More than half (59 per cent) of Boomers are interested in a new
construction retirement home, with the latest cutting edge designs and
features. Almost half (47 per cent) indicate that they will likely be moving
to a smaller home when they retire; only 10 per cent are interested in a
larger home. One in three (35 per cent) want a "Boomer bungalow", or
everything they need on one floor.
<<
Regional Differences
- Atlantic Canadians (30 per cent) are most likely to do major
remodelling to their home when they retire, and (88 per cent) most
likely to want property close to water.
- Albertans (55 per cent) are most likely to move to a different
climate altogether and most likely (92 per cent) to want a home that
is close to nature. Albertans also show a heightened tendency to move
to be closer to friends and family (54 per cent) or into a
condominium (40 per cent).
- Canadians living in Quebec (20 per cent) are most likely to want to
move to a bigger home and most likely to want a home with separate
quarters for adult children (53 per cent), in a high-rise building
with services (61 per cent), and an antique home able to be restored
and updated (42 per cent).
>>
These are some of the findings of an RBC poll conducted by Ipsos Reid
between January 17 and 21 2008. The Boomer portion of the online survey is
based on a randomly selected representative sample of 1238 adult Canadians
born between 1946 - 1965. With a representative sample of this size, the
results are considered accurate to within +/-2.8 percentage points, 19 times
out of 20, of what they would have been had the entire adult Canadian
population been polled. Courtesty of Nick Tavernese, Mortgage Manager, RBC Mortgages. Call 416-573-2641
Transmitted by CNW Group on : March 18, 2008 05:00
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Gorgeous Executive Home
• 3,850 sq. ft., 5 bath, 4 bdrm 2 story "Approx. 5600 sq.ft. of living space" - MLS® $614,900 CAD - Excellent Value! Vales of Castlemore South, Brampton - Stunning Executive Home - Prestigious Vales of Castlemore.
WELCOME to this superb Mattamy built executive home, featuring approx. 3850 sq.ft. Plus a fully finished walkout lower level 2 bedroom In-law apartment! (About 5500 sq.ft. of living space in all.)
Situated on a premium 60 x 105 lot, this home backs onto a pond and greenbelt for amazing peace and privacy seldom found today. The fenced rear yard features a salt water pool, hot tub and cabana, surrounded by interlocking brick patio.
The breathtaking grand foyer features 20 ft high ceilings, ceramic tile floors (down the hall through the kitchen), and a cosy main floor den with hardwood floors, a 2 piece washroom and a semi circular oak staircase. Off the foyer is a formal living room and formal dining room with seating space for at least 12 people, both with hardwood floors.
The "dream" kitchen is very spacious, featuring an abundance of full height cupboards in medium colour maple, granite counter tops, built in stainless steel dishwasher, cook top, wall oven, range hood, plus a breakfast bar. The generous breakfast area could seat 6 easily, and is highlighted by a walkout to a raised deck, with an awesome view of the backyard pool and pond beyond.
Adjacent to the kitchen is a very generous family room featuring hardwood floors and bay window, decorative columns and a gas fireplace.
Upstairs you will find 4 very spacious bedrooms, with each bedroom having access to an Ensuite or semi-Ensuite bath!! The master suite is very private, with a large 4 piece Ensuite (separate shower and Jacuzzi tub) plus a walk in closet, overlooking the pond at the rear.
Downstairs is fully finished with a stunning 2 bedroom In-law suite, featuring a walkout separate entrance/exit patio door to the rear pool deck. The suite consists of 2 generous bedrooms, a large living room, huge kitchen with built in appliances, a 3 piece bath (shower) and private laundry room. NO B.S. Just a great home. No More, No Less.
A superb home for the discriminating buyer. Property information
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MISSISSAUGA, ON, Feb. 21 /CNW/ - Pent-up demand, population growth, tight
inventory levels, and the longest economic expansion since World War II
collectively fueled one of the best decades on record for residential real
estate in Canada, according to a report released today by RE/MAX.
RE/MAX Decade in Review 1997 - 2007 found that major housing centres
across the country experienced strong consecutive growth between 1997 and
2007. Average price spiraled upward while unit sales climbed in tandem as more
and more Canadians bought into homeownership. Nationally, average price almost
doubled in the 10-year period, rising from $154,606 in 1997 to $307,265 in
2007, for a 7.1 per cent annually compounded rate of return. Home sales across
the country increased just over 57 per cent from 331,092 units in 1997 to more
than half a million sales last year. Edmonton led the country in terms of
percentage increase in average price. The city saw a 203 per cent upswing in
housing values - or an 11.7 per cent increase annually - with average price
rising from $111,587 a decade ago to $338,636 in 2007. Prince Edward Island
experienced the highest percentage increase in unit sales, with the number of
homes sold up 119 per cent in the 10-year period. To view the full RE/MAX Best Decade Report, click here:
http://files.newswire.ca/348/REMAX_Decade_Review.pdf
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Superb Heart Lake Family Home
• 2,000 sq. ft., 3 bath, 4 bdrm 2 story "all brick exterior" - MLS® $339,000 CAD - Excellent Value!! Heart Lake / Fletchers Meadow, Brampton - Showings Start Feb 4/08
Beautifully Kept And Upgraded Family Home In Popular Heart Lake Area!
A Short Walk To Schools,Rec Centre, Transit! Large Foyer, 2Pc Bath, Ceramics, Cosy Fam Rm, W/B Fireplace.
Generous Eat In Kitchen, Plenty Of Cupboard/Counter Space. W/O To 16X10'Deck,Private Fenced Yard.
Elegant Lr/Dr,vLaminate Floors.vSpacious M/Bvensuite 4 Pc.vW/I Closet.
Bright Spacious Fin Rec Room Great For Relaxing Family Time. Laundry room plus cantina.
Home Is In Excellent Move In Condition.
Include Fridge,Stove,Washer,Dryer,B/I D.W.,Blinds,Drapes,Lights.
No Disappointments,Move In Condition!
Seller Prefers May/June Closing Property information
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Bovaird / Kennedy, Brampton - The 2 story at 163 RICHVALE DR. S. has been sold. Property information
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The City of Brampton Ontario, one of the fastest growing cities in the Greater Toronto Area, recently received international attention, when the World Health Organization designated Brampton as a "INTERNATIONAL SAFE COMMUNITY." Brampton is the first city in th GTA to receive this honour, and only 1 of 10 cities in North America. This was achieved through over 150 community safety programs, working together across the city, to make Brampton one of the safest cities in the world! An offical signing of this declaration took place on September 22nd, 2007, during the celebration of BRAMPTON DAY in historic Gage Park, witnessed by hundreds of Brampton residents who enjoyed saftey- themed and fun filled activities for the whole family. 
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