Saturday, May 25, 2013

Toronto Real Estate Blog: Just Listed! Very Nice Downtown Condo. Great Value...

Toronto Real Estate Blog: Just Listed! Very Nice Downtown Condo. Great Value...:   View more photos here Good Size 730 Sq Ft Condo Unit In An Excellent Downtown Location! Great Value For The Square Footage! Located...

Just Listed! Very Nice Downtown Condo. Great Value for the sq footage.

 

Good Size 730 Sq Ft Condo Unit In An Excellent Downtown Location! Great Value For The Square Footage! Located Just Steps To Ttc,Ryerson,Metro Grocery,Eaton Centre,Hospitals And Dundas Sq. Features Incl. New Laminate Floors,New Paint Throughout,All New Appliances,Large Master Bedroom With Double Closets,A Nice Size Kitchen Overlooking Dining Area, A Large 4 Pc Bath W/Jacuzzi. Pet Friendly Building. Great Value!
Amenities Incl.24 Hr Concierge,Lovely Rooftop Patio With Hot Tub,Gazebo And Bbq Area,Exercise Room,Party Room,Rec Room,Sauna. All Appliances Incl. New Fridge,Stove,Dishwasher,Washer,Dryer.En-Suite Laundry In Unit.Visitors Parking Area.

Sunday, May 19, 2013

Just Listed! Fully Renovated Chine Drive Home!


Totally Renovated Detached Home On Desirable Chine Drive,South Of Kingston Rd. Great Setting & Area! Beautifully Finished With A Renovated Kitchen W/Quartz Counters & Island,New Stainless Steel Appliances,New Hardwood Flooring Throughout,Two Newly Renovated Bathrooms, An Upper Floor Master Bedroom With A W/I Closet, A Large Basement With Separate Entrance & Easily Converted Into Apartment!New 15Mm Laminate Floors In Basement(They Look Like Hardwood)
Rough In For Kitchen In Basement,Large Laundry Room With New Washer/Dryer,Large Storage Room Off Of Rec Room.All Mechanical Components Updated Incl. Electrical Panel,Plumbing,Furnace & A/C. Hard To Find A Home Like This. Truly A Must See!

For more pictures and info visit: http://www.ilisttorontohomes.com/14a_read.php?ltl=2459960

Monday, May 13, 2013

Just Listed! Wonderful Westney Heights Ajax Home! Great for First time buyer or investor! Check it out.


Desirable Westney Heights Two Storey Detached Home Just Steps To Schools,Ttc And All Amenities! Great Home For First Time Buyer Or Investor! Good Condition With An Updated Kitchen W/Breakfast Bar, Newer Hardwood Floors On Main Floor, A Walk Out To Nice Size Yard, Three Good Size Bedrooms, A Renovated Upper Floor Bath, A Fully Finished Basement With A Bedroom,4 Pc Bath, And A Large Rec Room. Good Bones And Great Value For A Detached Home In Prime Ajax!
Fenced Yard,Single Car Garage And Private Drive, Roof Reshingled In 2006, New Laminate Floor In Basement,Upper Floor Bath Recently Renovated. Appliances Incl. Frige,Stove,Washer,Dryer,Dishwasher,.

Sunday, May 12, 2013

Just Listed!


Nice Large Three Level Chalet Style Townhome In A Great Location Just Steps To Warden Subway,Grocery Stores,Schools(Danforth Gardens,Satec,St.Joachim Catholic), And All Amenities. Great Complex With Well Maintained Grounds And Low Maintenance Fees. Features Of This Townhome Include A Large Living Room With A Walk Out To A Fenced Yard,An Elevated Formal Dining Area,An Eat-In Kitchen,A Main Floor Ensuite Laundry Room, And Three Nice Size Upper Floor Bedrooms.
Also Features Lots Of Closet And Storage Space, A Finished Basement With 2Pc Bath & Rec/Bdrm. Exterior Features Well Kept Grounds, A Private Driveway And An Additional 1 Car Garage. Great Home For The First Time Buyer Or Emtpy Nester!

For more info visit:
http://www.ilisttorontohomes.com/4a_read.php?ltl=2420989

Canadian home sales rise in March

Ottawa, ON, April 15, 2013 – According to statistics released today by The Canadian Real Estate Association (CREA), national home sales edged upward on a month-over-month basis in March 2013 but stayed well below levels recorded one year ago.
Highlights:
  • National home sales rose 2.4% from February to March.
  • Actual (not seasonally adjusted) activity came in 15.3% below levels in March 2012.
  • The number of newly listed homes was up 3.2% from February to March.
  • The Canadian housing market remains firmly in balanced territory.
  • The national average sale price rose 2.5% on a year-over-year basis in March.
  • The MLS® HPI rose 2.2% in March, its smallest gain in more than two years.
The number of home sales processed through the MLS® Systems of real estate Boards and Associations and other co-operative listing systems in Canada rose 2.4 per cent on a month-over-month basis in March 2013.
Home sales improved in more than half of all local markets from February to March, led by gains in Greater Vancouver, Fraser Valley, Calgary, Greater Toronto, Montreal, Saskatoon, Hamilton-Burlington, and Kitchener-Waterloo.
“National sales have been holding fairly stable since last summer,” said CREA President Laura Leyser. “We’ll be watching closely as the spring market picks up to see whether the March sales increase marks the beginning of an improving trend. In the meantime, it’s important to remember that local market conditions often can and do differ from what’s reported at the national level, so buyers and sellers really should speak to their REALTOR® to understand how the housing market is shaping up where they live or might like to.”
Sales in March were constrained by the Easter holiday and an extra full weekend at the end of the month, the latter of which is known as a “trading day effect,” and both of which generally result in sales being held back. Seasonal adjustment strips out normal seasonal fluctuations and trading day effects that otherwise affect the data. It puts data on an equal footing so that data for any two months can be meaningfully compared to each other and to underlying economic fundamentals.
“Easter and trading day factors combined effectively to cut March sales short,” said Gregory Klump, CREA’s Chief Economist. “Activity in the months ahead will reveal whether the monthly improvement in seasonally adjusted March sales reflects technical seasonal adjustment factors or a fundamental improvement in demand.”
“That said, the factors that crimped March sales this year were not in play for the same month last year, resulting in speculation that the gap between sales activity this March and March of last year would be bigger than it was in February. That the gap in fact improved marginally speaks to the resilience of housing demand in Canada,” Klump said.
Actual (not seasonally adjusted) activity came in 15.3 per cent below levels reported in March 2012, compared to a year-over-year decline in February sales of 15.9 per cent. Although transactions remained down from year ago levels in more than 90 per cent of all local markets, the gap diminished in a number of large urban markets including Greater Vancouver, Calgary, Regina, Saskatoon, Montreal, and Quebec City. As was the case in February, Edmonton was the only large urban market in which monthly sales surpassed year-ago levels.
“Analysis will likely continue to focus on how sales remain down from last year, but this shouldn’t come as a surprise given that mortgage regulations and lending guidelines at that time were yet to be tightened,” said Klump. “Since those factors came into force, national home sales have held fairly steady, notwithstanding the rise in seasonally adjusted March sales.”
The number of newly listed homes rose 3.2 per cent month-over-month in March. New listings were up in about two thirds of all local markets, led by Greater Toronto, Montreal, London and St. Thomas, and Calgary.
With sales and new listings having climbed in tandem, the national sales-to-new listings ratio was little changed at 49.9 per cent in March compared to 50.3 per cent in February. This measure has held fairly steady around this level for the past eight months. Based on a sales-to-new listings ratio of between 40 to 60 per cent, slightly over 60 per cent of all local markets were in balanced market territory in March.
The number of months of inventory is another important measure of balance between housing supply and demand. It represents the number of months it would take to completely liquidate current inventories at the current rate of sales activity, and it too was little changed in March.
chart of interest01 (E)Nationally, there were 6.5 months of inventory at the end of March 2013. This was down from 6.7 months reported at the end of February, resulting from the increase in sales combined with a third consecutive decline in the overall supply of homes for sale. “The number of months of inventory remains elevated but stable in the wake of recent changes to mortgage rules and lending guidelines,” said Klump.
The actual (not seasonally adjusted) national average price for homes sold in March 2013 was $378,532, representing an increase of 2.5 per cent from the same month last year.
Fewer sales compared to year-ago levels in Greater Vancouver and Greater Toronto continue exerting a gravitational pull on the national average sale price, but price gains in Calgary and Edmonton are increasingly putting upward pressure on the national average.
As evidence of this, excluding Greater Vancouver and Greater Toronto from the national average price calculation yields a year-over-year increase of 4.3 per cent, while only excluding Calgary and Edmonton yields a year-over-year increase of just 1.9 per cent.
The MLS® Home Price Index (MLS® HPI) is not affected by changes in the mix of sales the way that average price is. For that reason, it provides the best gauge of Canadian home price trends.
Chart of Interest 3 (EN)The Aggregate Composite MLS® HPI rose 2.2 per cent on a year-over-year basis in March. This marks the eleventh time in as many months that the year-over-year gain shrank and the slowest rate of increase in more than two years.
Year-over-year price gains decelerated for all Benchmark property types tracked by the index. Price growth remained strongest for one-storey single family homes (+3.4 per cent), followed by two-storey single family homes (+2.5 per cent), townhouse/row units (+2.1 per cent), and apartment units (+0.4 per cent).
Year-over-year price growth in the aggregate MLS® HPI for all Benchmark property types combined also slowed in all markets tracked by the index.
The MLS® HPI again rose fastest in Calgary (+7.7 per cent), followed by Regina (+4.2 per cent), Greater Toronto (+2.9 per cent), Greater Montreal (+2.0 per cent), and the Fraser Valley (+0.1 per cent). In Greater Vancouver, the MLS® HPI slipped further into negative territory, posting a 3.9 per cent year-over-year decline in March.
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PLEASE NOTE: The information contained in this news release combines both major market and national MLS® sales information from the previous month.
CREA cautions that average price information can be useful in establishing trends over time, but does not indicate actual prices in centres comprised of widely divergent neighborhoods or account for price differential between geographic areas. Statistical information contained in this report includes all housing types.
MLS® is a co-operative marketing system used only by Canada’s real estate Boards to ensure maximum exposure of properties listed for sale.
The Canadian Real Estate Association (CREA) is one of Canada’s largest single-industry trade associations, representing more than 106,000 REALTORS® working through more than 90 real estate Boards and Associations.
 

Bank of Canada signals rates to remain on hold even longer

 
The Bank of Canada kept its key policy rate at 1 per cent on April 17th 2013. It has been unchanged at this level for more than two and a half years.
In its April policy rate announcement, the Bank lowered its forecast for Canadian economic growth to 1.5 per cent this year. Its previous forecast published in January predicted growth of 2 per cent in 2013.
The Bank’s new forecast is in line with the recently downgraded outlook issued by the International Monetary Fund and is slightly more pessimistic than the consensus forecast by private sector economic forecasts.
The Bank still expects growth to pick up later this year, but pushed the improvement further out into the second half of 2013. For 2014, the Bank is forecasting growth of 2.8 per cent, up slightly from the previous forecast of 2.7 per cent, with similar growth of 2.7 per cent in 2015.
The Bank also lowered its forecast for inflation, and extended how long it expects it to remain below the inflation target of 2 per cent (i.e. mid-2015). This represents a considerable shifting of the goalposts; only three months earlier, the Bank projected that this would happen sometime in the second half of 2014.
Much of the rest of the Bank’s April policy rate announcement reiterated its views communicated in its previous statement in March. Notably, the Bank is more comfortable about trends for household debt and the housing sector, describing developments in the latter as “constructive”.
The bottom remains that interest rates this year are going nowhere fast. What’s new is that they’re not likely to be going to be going anywhere fast throughout all of 2014 either, particularly given that inflation expectations remain extremely well anchored.
The Bank does not want to be seen as changing its tune too dramatically, or fuelling expectations that it might even be forced to cut rates. For that reason, the Bank indicated that its next move will likely be to raise interest rates, albeit not for some time. That said, that’s now so far into the future that the Bank is really saying is “we’re not going to raise interest rates.”
As of April 17th, 2013, the advertised five-year lending rate stood at 5.14 per cent, down 0.1 percentage points from the previous Bank rate announcement on March 6th. The five-year rate had previously remained at 5.24 per cent since the beginning of June 2012.