#toronto real estate statistics

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2025: A Turning Point for GTA Real Estate?

[fawadnissari2]

Is Milton a Real Estate Investor’s Dream? Key Insights

Milton, Ontario, is one of the most talked-about cities when it comes to real estate investments in recent years. As a real estate broker based in this rapidly growing region, I often get asked whether Milton is truly a real estate investor’s dream. The answer is a resounding yes! However, like any investment, there are important factors to consider. In this blog post, I’ll walk you through why Milton is an attractive market for real estate investors, key trends shaping its future, and provide some insights that will help you make the right investment decisions.

Milton: A Growing Hub for Real Estate Investment

Milton is part of the Greater Toronto Area (GTA), and its proximity to downtown Toronto makes it a prime location for real estate investment. It is often considered a suburb of Toronto, but it has grown so rapidly that it is now a city in its own right, boasting a population of over 140,000 residents and counting. This population growth, combined with the city’s excellent infrastructure, beautiful natural surroundings, and investment-friendly policies, has made Milton one of the hottest markets for both residential and commercial real estate investors.

Why Invest in Milton?

Proximity to Toronto

One of the primary reasons real estate investors are flocking to Milton is its location within the GTA. While Toronto has always been a sought-after place for real estate, prices in the city have become prohibitively expensive for many investors. Milton offers an affordable alternative with all the benefits of being just a short drive away from Toronto’s core. With the increasing trend of remote work, many people are seeking larger homes in more affordable areas like Milton, thus driving up the demand for properties in the region.

High Population Growth

Milton is one of Canada’s fastest-growing municipalities, and this trend shows no signs of slowing down. According to Statistics Canada, Milton’s population has consistently grown by over 10% in the past decade. This population growth fuels demand for housing, and with that demand comes an opportunity for real estate investors to make profitable investments in both residential and commercial properties. The city’s growth is also supported by the influx of families looking for a better quality of life outside of Toronto, making Milton an appealing place to live.

Urban Development and Infrastructure

Milton has been undergoing significant urban development, with new infrastructure projects making it even more appealing to real estate investors. The city has made substantial investments in transportation, including expanded highway systems and public transit links to Toronto. This infrastructure growth is expected to continue as more people move to Milton, resulting in increased demand for both rental and ownership properties.

The development of commercial and retail spaces in the city has also been on the rise, creating an ideal environment for investors looking to diversify their portfolios with commercial properties. These infrastructure improvements, coupled with Milton’s urban growth, signal the potential for significant returns on real estate investments in the long term.

Affordability Compared to Toronto

While Toronto has experienced skyrocketing real estate prices over the past decade, Milton offers more affordable options without sacrificing access to amenities and employment opportunities. The real estate market in Milton presents an attractive investment opportunity because of this affordability. Residential properties, including detached homes and townhouses, are more budget-friendly compared to similar properties in Toronto, which makes it a great place for first-time homebuyers and investors looking for more affordable options.

Strong Rental Market

For real estate investors looking to buy rental properties, Milton is an excellent choice. With its growing population and a strong influx of newcomers, the demand for rental properties is on the rise. Families, young professionals, and students are looking for convenient and affordable housing options. This creates a high demand for both single-family homes and rental units. Whether you are looking to invest in long-term rentals or short-term Airbnb properties, Milton provides a variety of opportunities for generating passive income.

Commercial Real Estate Potential

In addition to residential opportunities, Milton also offers substantial commercial real estate potential. The city has seen a boom in retail, office spaces, and industrial development, especially with large businesses setting up operations within the area. With Milton’s location near major highways, this growth provides investors with promising opportunities in the commercial real estate sector. For investors looking to diversify beyond residential properties, the city’s expanding commercial real estate market is worth exploring.

Green Spaces and Quality of Life

Milton has always placed a strong emphasis on maintaining green spaces and providing its residents with a high quality of life. The city is known for its abundance of parks, trails, and natural spaces like the Niagara Escarpment, which offers a picturesque backdrop to the community. This emphasis on outdoor living, combined with excellent schools, healthcare services, and community facilities, makes Milton an attractive place to live and invest in. Families looking for a more suburban lifestyle with proximity to nature are increasingly considering Milton as their home, further driving demand for real estate in the area.

What Does the Future Hold for Milton’s Real Estate Market?

Milton’s future looks incredibly bright from a real estate investment perspective. The city is expected to continue its rapid growth, driven by both population expansion and business development. In addition to infrastructure upgrades, the city’s commitment to sustainable development will likely further increase its appeal. With an expanding real estate market and high demand across various sectors, real estate investors can expect substantial returns in the coming years.

Moreover, with the growing trend of remote work and the desire for more spacious living, Milton’s suburban appeal is expected to continue. As housing prices in Toronto remain high, many families and investors are choosing to settle in Milton, thereby boosting demand in both the residential and rental markets.

How to Get Started as a Real Estate Investor in Milton

Research the Market

Before diving into the Milton real estate market, it’s important to do your homework. Understand the current market trends, the types of properties that are in demand, and which neighborhoods are experiencing the most growth. Look at both the residential and commercial sectors to determine where you want to invest.

Consult a Local Real Estate Agent

Working with a local real estate agent like me—Fawad Nissari—can be incredibly valuable when navigating the Milton market. A knowledgeable and experienced agent will provide you with up-to-date insights on available properties, pricing trends, and potential investment opportunities. They can also assist with the negotiation process and help you understand the legalities involved in property transactions.

Financing Your Investment

Like any real estate investment, securing the right financing is essential. It’s crucial to assess your financial situation and explore mortgage options that fit your investment goals. Whether you are planning to invest in a single-family home, a multi-unit rental property, or commercial real estate, understanding your financing options will help you make a sound investment decision.

Keep Long-Term Goals in Mind

Real estate investment is typically a long-term commitment, and while there are opportunities for quick returns, it’s important to think long-term. With Milton’s projected growth, you are likely to see consistent appreciation in property values over time. A long-term strategy will help you ride out market fluctuations and position yourself for maximum returns.

Conclusion: Is Milton the Real Estate Investor’s Dream?

In conclusion, Milton is undoubtedly a real estate investor’s dream. The city’s population growth, affordable housing options, proximity to Toronto, and continued infrastructure improvements make it an attractive place for both residential and commercial real estate investments. Whether you are looking to invest in single-family homes, rental properties, or commercial spaces, Milton presents numerous opportunities that should not be overlooked.

As the city continues to expand and evolve, real estate investors can expect a thriving market with strong returns in the years to come. If you’re considering making a move into Milton’s real estate market, make sure to work with a trusted local expert to guide you every step of the way.

FAQs About Milton Real Estate Investment

1. What is the average home price in Milton?

The average home price in Milton varies depending on the type of property. As of recent trends, the price for a detached home is typically in the range of $1 million to $1.2 million. Townhouses and semi-detached homes tend to be more affordable, ranging from $700,000 to $900,000.

2. Is Milton a good place to invest in rental properties?

Yes, Milton is a strong market for rental properties. With a growing population and an influx of new residents, there is a consistent demand for rental homes and apartments in the area.

3. How long does it take to see returns on an investment in Milton?

Real estate is a long-term investment, and it generally takes a few years to see significant returns, especially in a growing market like Milton. However, with the city’s strong growth prospects, investors can expect substantial appreciation over time.

4. What are the best neighborhoods for investment in Milton?

Some of the best neighborhoods in Milton for real estate investment include the Beaty, Coates, and Campbellville areas. These neighborhoods are experiencing growth and are in high demand for both residential homes and rental properties.

5. What is the future of commercial real estate in Milton?

Milton’s commercial real estate market is booming, with expanding retail spaces, offices, and industrial developments. As the city continues to grow and attract businesses, commercial real estate investors can expect strong returns in the coming years.

Contact Milton Real Estate Agent Company Name: Fawad Nissari, Real Estate Broker Address: 420 Main St E Unit 556, Milton, ON L9T 5G3 Phone: +1 4168781085 Website: https://fawadnissari.com/ Our Map URL: https://maps.app.goo.gl/eLw6XDzVuZA2bPtk8 Find Us On Map: https://www.google.com/maps?cid=4353637956644277389 More Details- https://maps.google.com/maps?ll=43.51729,-79.877896&z=11&t=m&hl=en&gl=US&mapclient=embed&cid=4353637956644277389 Get Direction: https://maps.app.goo.gl/K4iCHhmfenbHVUx68

[johnsmithstory]

Recently Sold Homes Vaughan: Analyzing Current House Prices in the Market

The real estate market in Vaughan has seen notable shifts recently, impacting both buyers and sellers alike. An exploration of recently sold homes reveals insights into current market trends and pricing dynamics. Current data indicates that average house prices in Vaughan are on the rise, making it essential for prospective buyers to stay informed.

Understanding what homes have sold for in the area can provide valuable context for anyone looking to navigate the market. This not only helps potential buyers gauge where they can find the best value but also assists sellers in setting competitive prices. Analyzing these trends is crucial for informed decision-making.

As the Vaughan housing landscape evolves, it becomes imperative for stakeholders to keep a pulse on sales patterns and pricing. Familiarity with these recent transactions enables better strategy formulation for both buyers and sellers. By examining these figures closely, one can gain a substantial advantage in the ongoing market.

Trends in Vaughan's Real Estate Market

The real estate market in Vaughan has shown diverse trends, particularly in house prices, neighborhood comparisons, and the various factors influencing this dynamic. These aspects paint a clear picture of the current state and future projections for home buying in the area.

Price Development for Recently Sold Homes

In the last year, the prices of recently sold homes Vaughan have experienced notable fluctuations. The average price per square foot increased by approximately 5%, highlighting a rising demand.

Luxury homes, especially in sought-after areas, reported higher price increases, sometimes exceeding 10%. Conversely, more affordable neighborhoods gained slower momentum, allowing potential buyers opportunities for negotiation.

Recent data indicates that homes sold in Vaughan averaged around $1.2 million, reflecting ongoing interest in both single-family homes and condos. This upward trend is largely influenced by the area's accessibility and facilities.

Comparative Analysis by Neighborhood

Vaughan's neighborhoods demonstrate varying real estate conditions. For instance, areas like Woodbridge have seen significant appreciation, with average sales rising to $1.5 million in some cases.

In contrast, neighborhoods such as Maple and Concord have maintained stable prices, attracting a mix of first-time buyers and investors.

A detailed comparison shows that:

Woodbridge: Average Price - $1.5 million

Maple: Average Price - $1.1 million

Concord: Average Price - $1.2 million

These differences highlight the importance of location when assessing real estate investment opportunities in Vaughan.

Impact of Market Factors on House Prices

Several market factors are influencing house prices in Vaughan. Economic indicators such as employment rates and wage growth play a significant role in shaping buyer confidence.

Additionally, interest rate fluctuations can either spur or hinder purchasing power.

Government policies on housing development and zoning laws also affect how quickly the market can adapt to demand.

In essence, the interplay of these variables creates a complex environment for both buyers and sellers in Vaughan's competitive real estate landscape.

Insights on Vaughan's Housing Demand

Vaughan's housing market is shaped by a variety of demographic factors and the types of homes being purchased. Understanding these elements provides a clearer picture of the current demand in the area.

Demographics Influencing Home Sales

Vaughan's population is diverse, with a significant number of young professionals and families seeking residential properties. The area attracts buyers due to its proximity to Toronto, quality schools, and various amenities.

Recent statistics illustrate that households with children form a large segment of the market. Approximately 40% of buyers are families looking for larger homes. Additionally, an increasing number of immigrants are entering the market. This influx adds to the competitive demand as they seek homes tailored to their diverse needs.

Types of Homes Recently Purchased

The recent sales in Vaughan highlight a preference for single-family homes and townhouses. Data shows that around 60% of recent transactions involved single-family houses, while townhouses accounted for about 30%.

Condos, although less favored, still represent a notable portion of the market. This trend reflects buyers’ desire for more space and privacy. Many of these homes are located in neighborhoods that offer parks, schools, and shopping, which enhances their appeal.

Factors like interest rates and home values also impact buying patterns. As prices continue to fluctuate, buyers are increasingly attracted to move-in-ready homes that require minimal renovations, streamlining their purchasing decisions.

[fyntix]

The Benefits of Becoming a Licensed Real Estate Agent in Canada

The real estate industry in Canada has long been a lucrative career choice for those passionate about property and helping people achieve their dream of homeownership. With the Canadian real estate market showing resilience and consistent growth, becoming a licensed real estate agent presents numerous advantages. From financial rewards to personal fulfillment, this career offers both tangible and intangible benefits. Let’s explore the top reasons why pursuing a license in real estate could be the perfect move for you.

1. Earning Potential

Real estate agents in Canada enjoy substantial earning potential. The average annual income for real estate agents varies depending on the province and market conditions, but many experienced agents earn upwards of CAD $100,000 per year. For instance:

In Toronto, agents earn an average of CAD $55,000 to $150,000 annually.

In Vancouver, where property values are among the highest in the country, agents can earn even more.

Commission-based earnings mean there is no limit to how much you can make, depending on the number and value of transactions you complete. Hardworking agents who establish themselves in the market can see their earnings multiply as they build their reputation and clientele.

2. Flexibility and Independence

Becoming a licensed real estate agent gives you the flexibility to manage your schedule. Unlike traditional 9-to-5 jobs, real estate allows agents to:

Set their working hours.

Balance personal commitments and professional life.

Choose clients and projects that align with their interests.

This autonomy appeals to individuals who value work-life balance and seek control over their professional trajectory.

3. Diverse Opportunities

A career in real estate offers opportunities beyond buying and selling residential properties. Licensed agents can specialize in:

Commercial real estate: Helping businesses secure office spaces or retail locations.

Luxury properties: Serving high-net-worth clients in niche markets.

Property management: Overseeing rental properties for investors.

Agents can also transition into related fields like real estate coaching, consulting, or brokerage ownership, further expanding career opportunities.

4. Personal Fulfillment

Real estate is about more than transactions; it’s about relationships and helping people achieve life goals. Agents often:

Help first-time buyers find their dream homes.

Assist families in relocating seamlessly.

Guide retirees toward downsizing into more manageable living spaces.

The satisfaction of positively impacting lives makes this career fulfilling and emotionally rewarding.

5. Networking and Skill Development

Working in real estate means interacting with professionals from various industries, such as mortgage brokers, contractors, and lawyers. This exposure broadens your network and enhances your skill set in:

Negotiation

Marketing and sales

Financial analysis

Communication

These skills are not only invaluable in real estate but also transferable to other industries.

6. A Thriving Real Estate Market

Canada’s real estate market remains robust, with steady demand for properties nationwide. As urbanization and population growth continue, cities like Toronto, Vancouver, and Calgary present ample opportunities for real estate professionals. According to Statistics Canada, housing demand is expected to increase by 1.8% annually, driven by immigration and economic development.

7. Accessible Career Path

Becoming a licensed real estate agent in Canada is a straightforward process that typically includes:

Completing pre-licensing education.

Passing the licensing exam.

Registering with your provincial real estate board.

In British Columbia, for example, aspiring agents can follow a clear path to licensure. For a detailed guide on this process, check out how to become a real estate agent in British Columbia.

8. Market Trends Favor Real Estate Professionals

The rise of digital tools and technology has made it easier than ever for agents to market properties and connect with potential clients. However, clients still value the expertise and local knowledge that licensed professionals provide. This creates a competitive edge for those who invest in becoming licensed and staying updated on market trends.

9. Potential for Passive Income

Real estate agents can generate passive income by building a portfolio of rental properties, earning referral commissions, or establishing a real estate team. Many agents leverage their industry knowledge to secure sound investments and create additional revenue streams.

Conclusion

Becoming a licensed real estate agent in Canada offers financial freedom, career flexibility, and the chance to make a meaningful impact on people’s lives. With the industry continuing to thrive and evolve, now is an excellent time to embark on this rewarding journey. Whether you’re drawn by the earning potential, independence, or personal satisfaction, this career has something for everyone. Take the first step today and discover the immense benefits waiting for you in the world of real estate.

[tummanoj9]

😲 Shocking #Housing Crisis: Can #Canadians Afford #Homes? 🏠 #Shorts by Manoj Atri, REALTOR® 🍁 Discover the Canadian housing crisis! 📉 This video explores the affordability challenges faced by Canadians, from low-income earners to those making six figures. 📊 See shocking statistics and potential solutions to this growing problem. 💡 🌟 Are REITs EVIL? 🏠 Rent Hikes, Renovictions, and the Financialization of Housing! 📈 🤔 Are you feeling the squeeze of rising rents and wondering who's behind it? 😟 You're not alone! 🙌 Many Canadians are facing a housing crisis fueled by "financialized landlords" – corporations that treat housing as a commodity, prioritizing profit over people. 🙁 #RealEstateToronto 📌 #TorontoRealEstate 🌆 Full Related YouTube Video: https://youtu.be/xWepNq1h_sM 👉 Subscribe Now for more Tips and Insights: https://www.youtube.com/@ManojAtri9?sub_confirmation=1 ✨ Help me reach 1000 Subscribers! 🎉🙌📈 🌆 Hot News Daily: Toronto Real Estate Digest! 📈 Friday 6th Dec 2024 Newsletter: Review Entire Podcast 20 Hot off the press News Articles Here: https://bit.ly/3ZHELZ4 ▶ Visit the following website links for HOT New TORONTO REAL ESTATE for Sale Listings → https://bit.ly/3zE97S3 ▶ Manoj Atri, REALTOR® with Architectural Experience Re/Max Hallmark Realty Ltd., Brokerage 401 – 685 Sheppard Ave E, Toronto ON M2K 1B6 Office: [416] 494-7653 | Cell: [416] 275-2089 Fax: [416] 494-0016 | Email: Manoj@ManojAtri.com ▶ "Disclaimer: This Shorts Video's content summarizes multiple news articles. Full attribution is available in the original linked sources & in full related YouTube Video. The thumbnail, newsletter, podcast audio and video are AI-generated. Video title, description, and supporting content are created for context." *** Not intended to solicit any Buyer or Seller under Contract. *** #CanadianHousingCrisis #Affordability #HousingAffordability #CanadianRealEstate #MortgageRates #CostOfLiving #CanadianEconomy #FinancialPlanning #PersonalFinance #HousingMarket #AffordabilityChallenge via YouTube https://www.youtube.com/watch?v=jtaVCWOYV1s

[auspicious-peach]

'Going to the World’s Biggest Bookstore was an event.' 

10 years after closing, it still has a grip on former readers

David Silverberg, Special to the Star

Published: May 26, 2024 Updated: May 27, 2024

I remember that first time I walked into the World’s Biggest Bookstore. It was 1999 and I was a book-loving journalism student at Ryerson (now Toronto Metropolitan University). “Wow!" I thought as I tried to take it all in. "Is this for real?”

What was very real about the sprawling 64,000-square-foot space at 20 Edward St., brimming with 17 miles of shelves, was the sheer selection available to me. It reminded me of Honest Ed’s, urging you to get lost in its maze of products. I wasn’t there that first time to buy anything in particular — I heard from fellow journalism school students about this bookstore I had to check out — but I left with four books I always wanted to read, such as "Slaughterhouse Five" by Kurt Vonnegut, and Joan Didion’s "The White Album."

The World’s Biggest Bookstore closed its doors for good 10 years ago this spring, and the public nostalgia for the store even today is proof of how loved it was, for both casual and passionate readers. And it was the kind of bookstore you don’t see today, where every section overflowed with the latest, greatest and maybe not-so-great. Having everything available at your browsing fingertips felt like a brick-and-mortar Amazon, but with smiling staff whose knowledge of, say, Canadian literature or hip-hop magazines levelled up this bookcore experience.

Valentino Assenza, a Grimsby resident and host of the literary radio show "Howl" on CIUT 89.5FM, remembers the first book he bought at the World’s Biggest — "The Most Beautiful Woman in Town" by poet Charles Bukowski — in 1996, when he was 19 and living in East York. “I knew that if I needed any more Bukowski books, I could go there, thanks to that store having rows and rows of his work,” he says.

Marc Côté, a clerk at the bookstore in 1986, saw first-hand how vast a collection the store carried over the years. “It had by far the largest poetry selection in the country,” he says. “We had a rule of ordering one copy of every poetry book published.”

An exaggeration, maybe, but the bombastic claims of the World's Biggest were part of its charm.

Opened in 1980 in the former Olympia Bowling Alley building, the World’s Biggest Bookstore may not, in fact, have been the world’s biggest bookstore. It was a marketing gambit by Jack Cole, who owned Coles and SmithBooks, and thought “a massive bookstore would do well for Toronto,” as his son David told the National Post in 2014. He paid a reported $2.4 million for the property.

He gambled successfully. Chapters took ownership of the store in 1994 when it acquired and merged Coles and SmithBooks, and business kept booming for the 140,000-title behemoth. Larry Stevenson, founder and then CEO of Chapters, remembers a key statistic: World’s Biggest steadily raked in $5 million a year in revenue, and it was responsible for 100 per cent of Coles profitability prior to the Chapters acquisition, says Stevenson in an interview from his Toronto home.

“You have to remember, going to the World’s Biggest Bookstore was an event for people," Stevenson says, "and I’d estimate around 40 per cent of customers who came to the store were from outside the GTA."

Sitting just west of Yonge Street, it might not have been on prime real estate to attract heavy foot traffic, but it was close enough to the hugely beloved and also now gone Sam the Record Man and Sunrise Records, and was similar in allowing the kind of loitering and browsing as other stores on that Yonge Street strip. Also, Stevenson adds, its sheer size was enough to entice people in. “We had more books here than anywhere else, and Chapters at the time had around 30,000 fewer titles than World’s Biggest, remember,” Stevenson says, “and our customers always loved the remainder bins that had books at $3 or $4.”

Côté, now president and publisher of Cormorant Books in Toronto, remembers how he and other staff, clad in a navy-blue uniform, were expected to know enough about authors and new releases to help customers with any inquiry presented to them. “We got a lot of customers on a Monday asking us if they knew where they could find that book with the blue cover that was just reviewed in the weekend newspaper,” he recalls, adding that, more often than not, the staff would be able to point that reader to the right title.

Côté looks back now and appreciates how staff at the fluorescent-lit, lino-floored bookstore didn’t judge any reader, no matter what kind of book they came in for. “I remember going to another Toronto bookstore after I worked at World’s Biggest Bookstore and I asked the clerk if they had a title about how reading Marcel Proust can change your life, and she sneered at me, and said they don’t carry self-help books there. So, I went to World’s Biggest Bookstore and the employee there was happy to help me.”

“It’s one of those stores that was part of its era in Toronto, and losing it was tough, but it’s something I wouldn’t want to see resurrected,” says Assenza. “I’m just grateful I got to spend time there when it was around.”

What he says resonates with how I view this Toronto landmark. It’s like the TV show we all enjoyed in the 1990s but whose resurrection today would feel forced and strained. Some legacies are meant to be shelved and preserved, available for us to dip back into, as we would with a favourite book.

Correction — May 27, 2024

This article was updated to correct that it was Sunrise Records that was close to the World's Biggest Bookstore and Sam the Record Man, not Tower Records.

David Silverberg is a freelance writer and editor whose writing has appeared in BBC News, The Washington Post, MIT Technology Review and Fast Company.

View on www.thestar.com

[condoshq]

Ways to Invest in New Homes in Canada's Markham, Milton & More!

Finding the perfect investment opportunity in the real estate market can be thrilling and rewarding, especially when considering new homes in Newmarket, Markham, and other vibrant locations across Canada. Whether you're a seasoned investor or a first-time buyer, understanding the various types of homes and the best strategies for investing can make all the difference. Let's dive into the different home types available and explore the top ways to invest wisely in new properties.

Explaining Home Types:

Single-family homes

The pinnacle of suburbia life, detached homes are the most private and spacious of all home styles. They stand alone. According to the Canadian Real Estate Association (CREA), detached homes continue to be the most sought-after property type in Canada, with national sales volumes up 18.4% year-over-year in February 2024. Because of their larger lots and the flexibility they provide homeowners in terms of expansion and customization, they are in high demand. Detached house investments may be quite profitable, especially in high-demand locations like Newmarket, where family-friendly neighbourhoods are popular.

Semi-Detached House

Properties that share a single wall with another house are called semi-detached residences. They provide a happy medium between affordability and detached home advantages.  Statistics Canada reports that in 2023, over 30% of new home constructions in Canada were townhomes and semi-detached houses. These homes' sense of community and comparatively cheaper price range make them especially popular with young families and first-time purchasers. This group includes new townhomes in   Markham, which offer a blend of contemporary conveniences and neighbourhood living. 

Elegant Residences

Luxurious residences appeal to people who value exclusivity and extravagance. These homes have modern conveniences, luxurious finishes, and frequently distinctive architectural styles. Purchasing a luxury property in a posh neighbourhood can be quite profitable. For example, wealthy purchasers looking for a suburban property close to downtown Toronto are drawn to new homes in Etobicoke.

Top 9 Ways to Invest in New Homes for the Best Price!

Investing in new homes in new markets requires strategic planning and a keen understanding of the market. Here are nine effective ways to ensure you get the best value for your investment:

Market Research

Learn as much as you can about the home market trends in the neighbourhood of your choice. Knowing the market dynamics in Milton, Markham, and other targeted areas can help you make informed decisions about when to buy and whether there is room for expansion in the future. The Canadian Mortgage and Housing Corporation (CMHC) predicts continued house price growth in major Canadian markets in 2024, but at a slower pace than in 2023.

Location Analysis

Take note of the area's assets, including parks, schools, and public transportation. Property values typically increase when one is close to these amenities. For example, before buying new homes in Milton, check out the first-rate community amenities and infrastructure that make new homes there increasingly appealing.

Pre-Construction Opportunities

Purchasing a home before it is built can result in considerable financial savings. Pre-construction costs are usually lower, and you might be able to personalize some features of the house. According to the Urban Development Institute (UDI), pre-construction sales in Canada increased by 15% in Q1 of 2024, indicating strong investor interest in new builds.

Government Incentives

Make use of the government's homebuyer incentives and programmes. Grants for first-time homebuyers, tax breaks, and credits for energy-efficient homes can lower the total cost of an investment.

Financing choices

Examine different mortgage rates and financing choices. The profitability of your investment might be greatly impacted by obtaining a favourable mortgage rate. Collaborate with a financial counsellor to identify the most advantageous loan choices.

Real Estate Agents

Assist seasoned real estate brokers who have a focus on the areas of your interest. Insights and access to listings that might not be available to the general public can be obtained from them.

Property Inspection

Prior to completing your acquisition, always carry out a comprehensive inspection. Maintaining the property's condition helps shield your investment and avert unforeseen expenses down the road.

Conclusion

Investing in new homes in new markets in various places in Canada, such as Markham, Etobicoke, and Milton, offers intriguing potential for big returns. You can increase your investment potential and make well-informed judgments by being aware of the many kinds of homes and using strategic investment techniques. You can check out Condos HQ, a reliable website where you can view a variety of condos, flats, and other investment alternatives. You may successfully navigate the real estate market by teaming with seasoned specialists like Condos HQ. So, take advantage of these incentives and perform in-depth market research. Visit our website for more information!

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9 Expert Tips to Find the Perfect Realtor in Canada

[primehomerealty]

Strategic Tax Planning for Real Estate Developers

Strategic tax planning emerges as a cornerstone for maximizing profitability and ensuring long-term success. For real estate developers in Toronto, navigating the intricate tax laws and leveraging effective tax strategies is not just an option, but a necessity. This article delves into the significance of understanding and applying nuanced tax laws and outlines practical strategies that real estate developers can implement to optimize their tax positions. With insights from recent statistics and credible sources, we aim to provide a comprehensive guide to strategic tax planning tailored specifically for the real estate market in Toronto. Navigating Tax Laws for Property Development Success The real estate market in Toronto, buoyed by its economic stability and growth prospects, presents lucrative opportunities for developers. However, the complexity of Canadian tax laws can pose significant challenges. A 2023 report by the Canadian Real Estate Association highlights the importance of staying updated with the latest tax regulations, including changes in property tax rates and land transfer taxes, which directly impact the cost and profitability of real estate projects. Understanding these laws is crucial for developers to avoid unforeseen tax liabilities and capitalize on potential tax benefits. Tax incentives and rebates play a pivotal role in real estate development in Ontario. Programs such as the Ontario Home Ownership Savings Plan (OHOSP) and the HST New Housing Rebate are designed to encourage development activities by offering financial advantages. Developers need to be adept at identifying and applying for these incentives to reduce their overall tax burden. Furthermore, the intricacies of capital gains tax and how it affects the disposal of real estate assets underscore the need for expert navigation through tax laws to ensure optimal financial outcomes. The implementation of strategic tax planning begins with a thorough analysis of each development project, considering factors such as project location, type of development, and available tax incentives. This requires a collaborative effort between developers, tax professionals, and legal experts to ensure compliance with tax laws and to devise strategies that align with the developer’s financial goals. Properly structured, these strategies can lead to significant tax savings and contribute to the success of real estate projects in Toronto. Implementing Effective Tax Strategies in Real Estate Cost segregation is a strategic tax planning tool that can significantly benefit real estate developers in Toronto. By identifying and reclassifying personal property assets to shorten the depreciation time, developers can accelerate depreciation deductions, thereby reducing taxable income and improving cash flow. A recent study by a leading accounting firm in Toronto revealed that developers utilizing cost segregation strategies effectively reduced their tax liabilities by an average of 15% over the lifespan of their projects, highlighting the potential financial benefits of this approach. Another effective tax strategy is the utilization of the Deferred Development Charges Program offered by the City of Toronto. This program allows developers to defer a portion of their development charges, improving initial cash flow and enabling more capital to be invested directly into the project. Such strategies require a deep understanding of local regulations and policies, but when applied correctly, they can offer substantial financial relief and support the viability of development projects. Lastly, structuring partnerships and joint ventures in a tax-efficient manner is critical for minimizing tax liability. Choosing the right business structure, such as a Limited Partnership (LP) or a Corporation, can have significant tax implications for real estate development projects. Strategic allocation of income and capital, along with careful consideration of the tax attributes of each entity within a partnership, can optimize tax outcomes. This underscores the importance of strategic planning and professional advice in the early stages of project development, ensuring that tax strategies are integrated seamlessly into the overall development plan. Strategic tax planning is indispensable for real estate developers in Toronto, offering a pathway to minimizing tax liabilities while maximizing project profitability. The successful navigation of tax laws and the implementation of effective tax strategies require a comprehensive understanding of the real estate market, as well as a collaborative approach involving tax professionals and legal experts. By staying informed of the latest tax regulations, leveraging available tax incentives, and utilizing strategic tax planning tools, real estate developers can achieve financial efficiency and ensure the success of their development projects in the competitive Toronto market. Read the full article

[telecombloggers]

Investing in Canadian Real Estate in 2024

Harnessing the Power of Canadian Real Estate: A Guide to Investing

Investing in real estate offers a pathway to long-term wealth generation, and the Canadian market provides a compelling environment for investors. Despite high purchase prices, as highlighted by the Canadian Real Estate Association's February 2024 data, opportunities abound within the nation's diverse real estate landscape. Let's delve into the current market, the pros and cons of investing, and proven strategies for success.

Understanding the Canadian Real Estate Landscape

Canada's real estate market is shaped by a variety of factors:

Urbanization: The Price of Popularity

Major Hubs, Major Costs: Densely populated metropolises like Toronto, Vancouver, and Montreal attract residents with employment opportunities, amenities, and cultural attractions. This high demand naturally drives up housing prices.

The Promise of Smaller Cities and Towns: Growing interest in less populated areas offers alternatives for those seeking lower housing costs and a different pace of life. These areas often have untapped development potential, making them interesting for future investment and growth.

Emmigration: A Driving Force in the Market

Canada's Welcoming Policies: Canada actively encourages immigration to boost its economy and fill labor gaps. This influx of new residents increases the need for housing.

Arriving with Capital: Many immigrants bring significant wealth to Canada. This financial advantage allows them to compete in the real estate market, particularly in desirable urban centers.

Regional Variations: The Importance of Targeted Research

No One-Size-Fits-All Market: Real estate trends differ across Canada's provinces and territories. Understanding local factors like economic growth, employment rates, and population shifts is vital when choosing investment locations.

Data is Your Friend: Resources like the Canadian Real Estate Association (CREA) offer regional market statistics and reports to guide your research.

The Case for Investing in Canadian Real Estate

The Power of Appreciation: Canadian real estate has a proven track record of steady increases in value. This means that, over time, your initial investment can potentially multiply, providing substantial returns.

Build Wealth with Passive Income: Owning rental properties provides a recurring revenue stream. Offset your mortgage, cover property expenses, and enjoy the potential to reinvest your profits and expand your portfolio.

Own a Tangible Asset: Unlike intangible assets like stocks, real estate offers a sense of ownership and control. You can leverage renovations and upgrades to actively increase your property's value and appeal.

Protection Against Inflation: Real estate prices tend to rise alongside inflation, helping your investment maintain its purchasing power. It's a smart way to shield your money against the eroding effects of rising prices within the economy.

Important Considerations: Risks and Challenges

Market Volatility: Economic downturns or shifts in demand can lead to declining property values. Investors must prepare for market fluctuations.

High Entry Costs: Prices in major cities can be a barrier. Smart budgeting and targeting less expensive regions are often necessary.

Ongoing Expenses: Maintenance, repairs, and property taxes add to ownership costs, eating into profit margins.

Time and Effort Commitment: Successful investing demands extensive research, deal negotiation, and potentially tenant or property management.

Strategies to Maximize Your Success

Here are some proven strategies to achieve your Canadian real estate investment goals:

1. Buy and Hold: The Long-Term Play

Focus: Capital appreciation and rental income over time.

Method: Acquire properties in areas with potential for growth, holding them for extended periods.

Ideal For: Investors seeking consistent passive income and long-term value growth.

2. House Flipping: Fast Profits, Calculated Risks

Focus: Quick returns through renovating and reselling undervalued properties.

Method: Identify properties with potential, undertake cost-effective renovations, sell for a profit.

Ideal For: Investors with construction/renovation knowledge and an eye for market trends.

3. House Hacking: Affordable Entry, Income Boost

Focus: Reducing living costs while entering the real estate market.

Method: Purchase a multi-unit property, live in one unit, and rent out the others.

Ideal For: First-time buyers and investors seeking reduced ownership expenses.

4. Real Estate Investment Trusts (REITs): Diversification and Ease

Focus: Passive income from a professionally managed portfolio of properties.

Method: Purchase shares in a REIT, receive dividends from rental income or property sale gains.

Ideal For: Investors seeking hands-off real estate exposure and consistent returns.

5. Private Real Estate Funds: Large-Scale, High Potential

Focus: Significant returns through investing in large commercial or development projects.

Method: Pool capital with other accredited investors, benefit from professional fund management.

Ideal For: Experienced investors with substantial capital and a higher risk tolerance.

Additional Factors to Consider

Financing: Research different mortgage products and shop around for the most competitive interest rates. A favorable rate can significantly impact your monthly costs and overall profitability.

Tax Implications: Canada offers tax deductions and benefits for real estate investors. Consulting a tax advisor can help you understand eligible expenses, depreciation calculations, and strategies to maximize your after-tax returns.

Local Regulations: Familiarize yourself with local bylaws including zoning, which dictates the permitted uses for a property, potential rental restrictions, and any relevant building codes and permits. This information is essential for avoiding costly fines or project delays.

Conclusion

Investing in Canadian real estate requires thorough research, careful planning, and a willingness to adapt to market dynamics. By understanding the advantages and risks, choosing a suitable strategy, and staying informed about local regulations, you can position yourself for long-term success in this dynamic asset class. Whether your goal is passive income, wealth accumulation, or active involvement in property development, the Canadian real estate market offers a wealth of opportunities for those who approach it with a strategic mindset.

Let me know if you'd like further expansion or focus on specific strategies!

[fyntix]

The Role of Facebook Groups in Connecting with Local Homebuyers in Canada

The digital era has reshaped how people connect, communicate, and conduct transactions. In Canada, one emerging trend is the growing role of Facebook Groups in the real estate market. These groups, acting as virtual communities, are transforming the way homebuyers, sellers, and agents interact, fostering connections in a highly targeted and localized manner.

The Growth of Facebook Groups in Canada

According to recent statistics, over 27 million Canadians are active Facebook users, and a significant portion engages in local community groups. These groups cover a wide range of interests, including real estate. Real estate-focused Facebook Groups often cater to specific cities or neighborhoods, enabling highly relevant interactions among local buyers, sellers, and real estate professionals.

For example:

"Toronto Home Buyers and Sellers" boasts over 25,000 members, where users exchange property listings, market insights, and referrals.

Smaller groups like "Vancouver Downtown Condos" help narrow down searches for specific property types, enhancing the user experience.

Why Facebook Groups Are Ideal for Homebuyers

Localized Focus: Buyers can access hyper-local information, such as neighborhood amenities, school reviews, and crime rates, often shared by group members.

Direct Communication: Homebuyers can interact directly with property owners or agents, bypassing the need for intermediaries.

Real-Time Updates: Listings in Facebook Groups are often updated faster than on traditional real estate websites, giving users a competitive edge.

Key Benefits for Real Estate Professionals

Real estate agents and brokers in Canada are leveraging these groups as a powerful social media marketing tool:

Targeted Advertising: By participating in or sponsoring posts within these groups, professionals can reach their desired audience.

Brand Authority: Sharing valuable insights about market trends or offering free consultations helps establish credibility.

Community Engagement: Active participation fosters trust, a crucial factor in real estate transactions.

Tips for Homebuyers Using Facebook Groups

To maximize the benefits, homebuyers should:

Join groups relevant to their target location and property type.

Actively participate by asking questions about listings or the local market.

Use caution and verify listings to avoid scams, which occasionally occur in online communities.

Opportunities for Agents

For agents seeking to capitalize on the growing popularity of Facebook Groups, check out this insightful article on how different social media platforms can be leveraged to reach potential homebuyers and sellers.

Challenges and Solutions

Despite their many advantages, Facebook Groups come with challenges:

Verification: Listings may lack thorough vetting, requiring users to exercise due diligence.

Competition: The accessibility of these groups means agents must stand out by offering unique value propositions, such as exclusive listings or personalized advice.

Conclusion

Facebook Groups have established themselves as a vital tool in the Canadian real estate market. For homebuyers, they offer a wealth of localized information and direct communication channels. For agents, these platforms provide an opportunity to build relationships and grow their business. By leveraging these groups wisely, stakeholders in the Canadian housing market can foster stronger connections and achieve their goals efficiently.

Would you like further insights or help optimizing your real estate strategy for social media platforms?

[tummanoj9]

🤔 #SQUATTERS in #Toronto: Unseen Challenges for #Homeowners!🏠 #shorts by Manoj Atri, REALTOR® 🔍 Join us as we delve into the unique homeowner challenges in Toronto, featuring unexpected squatter issues that can turn your dream home into a nightmare. 😱 Learn valuable lessons about real estate and the human stories behind the statistics in this insightful discussion! 📈 🏘️ #Investors Flee #Toronto! New #Home #Sales & #Condo Demand Collapses Despite Falling #Prices. 📉 🤔 Are you wondering what's happening in the Toronto housing market? 🔍 New home sales and condo demand have plummeted, even though prices are falling! 💸 Is this a sign of a housing crash or is it just a temporary blip? 🌪️ 🙁 #RealEstateToronto 📌 #TorontoRealEstate 🌆 Full Related YouTube Video: https://youtu.be/6yuHurE_2r8 👉 Subscribe Now for more Tips and Insights: https://www.youtube.com/@ManojAtri9?sub_confirmation=1 ✨ Help me reach 1000 Subscribers! 🎉🙌📈 🌆 Hot News Daily: Toronto Real Estate Digest! 📈 Tuesday 26th Nov 2024 Newsletter: Review Entire Podcast 20 Hot off the press News Articles Here: https://ift.tt/JQyMSHG ▶ Visit the following website links for HOT New TORONTO REAL ESTATE for Sale Listings → https://ift.tt/HP9FeL7 ▶ Manoj Atri, REALTOR® with Architectural Experience Re/Max Hallmark Realty Ltd., Brokerage 401 – 685 Sheppard Ave E, Toronto ON M2K 1B6 Office: [416] 494-7653 | Cell: [416] 275-2089 Fax: [416] 494-0016 | Email: Manoj@ManojAtri.com ▶ "Disclaimer: This Shorts Video's content summarizes multiple news articles. Full attribution is available in the original linked sources & in full related YouTube Video. The thumbnail, newsletter, podcast audio and video are AI-generated. Video title, description, and supporting content are created for context." *** Not intended to solicit any Buyer or Seller under Contract. *** #HomeownerChallenges #TorontoRealEstate #SquatterIssues #RealEstateReality #HomeownerStories #PropertyManagement #TorontoLiving #HousingMarket #UnexpectedChallenges #HomeownerAwareness via YouTube https://www.youtube.com/watch?v=gTRV_aXw9AM

[tillypiemom]

Slapshots, Pirouettes, Pizza Fridays, and Pricy Daycares: A Close-Up on the 2024 Family Finances in Canada!

Hello there, fellow parents in the Great White North! Grab your double-double and take a seat, because today we're diving into the wonderfully absurd world of raising young children in our beautiful country. The joys of parenthood, where every day brings a new adventure, and every adventure brings a new expense. Yes, I am walking blindly into the tortuous topic of cost of living!

First and foremost, let's talk about housing. The dream of providing a safe and comfortable home for our families is universal, except, in today's housing market, finding an affordable home in a suitable location is about as likely as spotting a polar bear in downtown Toronto. So, we improvise. Our lovely home may feel more like a game of jenga, with kids' toys strategically scattered in every nook and cranny, but hey, it's home.  In all seriousness the reality in Canada's current housing market can be terrifying. With skyrocketing real estate prices and rental rates that seem to climb daily with unrealistic income and credit requirements needed just to apply, finding affordable housing suitable for a growing family can be a significant challenge. An overwhelming 82% of Canadian households with children under the age of 19 express a strong belief that the government should give top priority to making housing more affordable. (Abacus Data, housing affordability hits home, 2024). Many families find themselves juggling cramped living spaces or stretching budgets to meet mortgage or rent payments, all in the name of providing stability for their children.

Most Canadian families have two working parents, which brings about another Parenting Hardship The ever-growing cost of childcare which can be a substantial financial burden for many Canadian families. Whether it's enrolling children in daycare programs with prices averaging around $70/day per child (CBC, March 2022)  the expenses associated with childcare can be equivalent or more then cost of a second mortgage, and it’s not over once your children are in school full time, the average cost of summer camp is around of $200.00 per week with a 10-week summer vacation that is a whopping $2,000.00 per child! Trying to balance work, daycare fees, and the occasional night out is enough to make you want to curl up in a fuzzy blanket and call it a day.

If you have managed to secure affordable housing, and childcare take a breath before walking into your local Grocery store because the cost of Grocherys is about to ravish your bank account. Feeding a growing family is becoming increasingly difficult for your average Canadian family. The weekly trip to the grocery store can feel like a test of endurance, as parents strive to make healthy choices while staying within budget constraints. The cost of essentials like fresh produce, dairy products, and protein sources can add up quickly, leaving little room for indulgence or unexpected expenses. In 2023 my personal grocery budget was $250 per week, now in February 2024 I am lucky to do my weekly grocery shop in less than $310. Statistics Canada data shows the food component of the consumer price index has risen by 5.9 per cent in the past 12 months (Stats Canada, Dec 2023).

Now let’s talk about the extras, The things parents feel are necessary, but really aren’t for children to be happy and thrive, It is a financial trap we as parents find ourselves in continuously. I am talking about Hockey, Ballet, Karate, Skating, Drama classes. The list goes on and all these extracurricular activities add up and can really decimate bank accounts! However, we want to provide our children with experiences, and convince ourselves all these things will help create a well-rounded individual. I honestly believe these activities are important, but at what point does it all become too much? According to Global news the cost to play in the GTHL, the biggest minor league in the world, will cost the average player approximately $5,500 per season, and this does not include equipment, transportation to games, or potentially costly hotel stays. I will likely continue to purchase dance classes, sensory gymnastics classes, and STEM club memberships for my children, however, as parents we should be mindful of how much of our budget is being spent on these enrichment activities for children.

Despite the challenges, it's essential to remember that the journey of parenthood is about more than just dollars and cents. The joy of watching our children grow, learn, and thrive outweighs any financial sacrifice. It is the hardest time in our lives, but as long as we are providing a nurturing environment, fostering a love of learning, and instilling values of resilience and resourcefulness, we will equip our children with the tools they need to succeed in life. Whether you are living in a cramped rent-controlled apartment, or a beautiful detached in Toronto, Cheers to all the parents out there navigating the financial realities of parenthood in Canada, know that you are not alone. Reach out for support when needed, explore available resources and programs that are available for you, and remember to celebrate the small victories along the way. May your days be filled with laughter, your coffee be strong, and your pockets be deep enough to afford that extra-large double double. Cheers, eh!

[atlanticcanada]

While most real estate markets see monthly gains, here's where home prices are falling

Although the average price of a home in Canada has fallen year-over-year, new data from the Canadian Real Estate Association (CREA) shows prices in most major cities have been rising on a monthly basis since January.

The average price of a home in Canada was $716,083 in April, not seasonally adjusted, according to statistics released by the CREA on Monday. While this represents a decrease of 3.9 per cent compared to the same time last year, it is about $104,000 higher than the average price of a home at the beginning of 2023.

According to the CREA, this increase is due to a rebound in home sales, primarily in regions such as the Greater Toronto Area and Lower Mainland British Columbia.

The Offer newsletter: Sign up for curated coverage of Canadian real estate

“Over the last few months, there have been signs that housing markets were going to heat back up this year, so it wasn’t a surprise to see things take off after the Easter weekend, which often serves as the opener to the spring market,” said CREA chair Larry Cerqua in a press release Monday.

Demand for housing continues to outpace supply across the country, according to the CREA. Home sales rose 11.3 per cent in April compared to the month prior, despite the number of newly listed properties in Canada remaining at a 20-year low.

The surge in demand and low inventory has put sellers “back in the driver’s seat” in most major Canadian cities, according to a housing market update from the Royal Bank of Canada also released Monday. Current demand-supply conditions have contributed to the latest price gains month-over-month, said CREA senior economist Shaun Cathcart in a press release.

In addition to markets such as the Greater Vancouver and Toronto areas, other cities such as Calgary, Winnipeg and Montreal have also seen increases in average home prices on a monthly basis. The Halifax-Dartmouth area and Ottawa saw some of the largest price gains from March to April, at 7.6 and 6.4 per cent, respectively. These figures are based on average sale prices over MLS systems for residential properties, and are not seasonally adjusted.

Meanwhile, some cities are seeing declines in average home prices. These include Saskatoon and Trois-Rivieres, Que., as well as the province of Prince Edward Island.

Compared to other real estate markets, the number of new listings in these regions has remained relatively consistent year-over-year, CREA data shows. In Trois-Rivieres, for example, new residential listings dropped 4.1 per cent in April 2023, compared to the same time last year. In the Greater Toronto Area, the supply of new residential listings dropped 38.3 per cent in the same period of time.

According to RBC, the price correction involving Canada’s real estate market is now over, with home prices having bottomed out in recent months. If buyer demand remains strong, this could lead to further gains in home prices, the bank says.

CTVNews.ca has compiled a list of properties currently available in markets where home prices have dropped month-over-month, as well as other major cities in Canada.

SASKATOON

Type: House

Price: $359,900

Year Built: 1974

Property Size: 106.47 sq. m

Lot Size: 612.88 sq. m

Difference in monthly average price: -6.1 per cent

With more than 100 square metres of living space, this Saskatoon bungalow includes an open-concept living and dining area, as well as a kitchen and four bedrooms. Both bathrooms were recently renovated, and new windows were installed in the last few years. The home is within walking distance of the South Saskatchewan River, as well as trails, parks and schools.

TROIS-RIVIERES, QUE.

Type: Semi-Detached House

Price: $324,800

Year Built: 2008

Property Size: 136.75 sq. m

Lot Size: 473 sq. m

Difference in monthly average price: -5.8 per cent

Situated in Trois-Rivieres, this semi-detached home includes three bedrooms and two bathrooms. On the main floor, the open-concept kitchen is combined with the dining area, which provides access to the backyard. This private outdoor area has a patio and gazebo.

PRINCE EDWARD ISLAND

Type: Semi-Detached House

Price: $370,000

Year Built: 2023

Property Size: 117.43 sq. m

Lot Size: 0.26 hectares

Difference in monthly average price: -5.4 per cent

Laminate flooring runs throughout this semi-detached home in Summerside, P.E.I. In addition to an open-concept kitchen, living and dining area are two bedrooms and two bathrooms. It’s possible to see Summerside Harbour from the property, and there are no neighbours behind the backyard.

MONTREAL

Type: Apartment

Price: $599,000

Year Built: 2020

Property Size: 50.5 sq. m

Lot Size: N/A

Difference in monthly average price: +1.2 per cent

Spanning about 50 square metres, this apartment in Montreal’s International District has one bedroom and one bathroom. Wood flooring runs throughout most of the unit and floor-to-ceiling windows let in plenty of natural light. Near the apartment are schools, parks and public transit.

GREATER VANCOUVER

Type: Apartment

Price: $1,289,000

Year Built: 2003

Property Size: 94.76 sq. m

Lot Size: N/A

Difference in monthly average price: +2 per cent

In addition to two bedrooms and two bathrooms, this 94-square-metre apartment unit also includes an open-concept living, dining and kitchen area. The main bedroom has a walk-in closet and additional storage space, while both bathrooms feature wrap-around tiling. The unit itself overlooks Vancouver’s Yaletown neighbourhood and building amenities include a gym and sauna.

CALGARY

Type: Apartment

Price: $550,000

Year Built: 1979

Property Size: 115.4 sq. m

Lot Size: N/A

Difference in monthly average price: +2.8 per cent

Occupying the top two floors of its building, this penthouse unit in Calgary spans about 115 square metres and includes two bedrooms and one bathroom. Next to the two-storey living room with a natural gas fireplace is the kitchen, which was recently renovated and includes an island with seating for four. Completing the unit is a rooftop patio with views of the city skyline.

GREATER TORONTO

Type: Townhouse

Price: $1,158,000

Year Built: 1873

Property Size: 102.47 sq. m

Lot Size: 92.39 sq. m

Difference in monthly average price: +4 per cent

Built in 1873, this character townhouse has seen many upgrades throughout the years, including the installation of a new wood fireplace. The main floor has an open-concept design with three-metre ceilings. On the upper floor are two bedrooms and one four-piece bathroom. Situated in Toronto’s Corktown neighbourhood, this home is within walking distance of public transit, restaurants and more.

SAINT JOHN, N.B.

Type: House

Price: $369,000

Year Built: 1958

Property Size: 154.22 sq. m

Lot Size: 1133.97 sq. m

Difference in monthly average price: +4.3 per cent

Various upgrades have been made to this Saint John, N.B., bungalow over the last five years, including the addition of a new deck in the backyard and two gas fireplaces inside. In addition to a recently renovated kitchen are separate living and dining rooms, as well as three bedrooms and three bathrooms. On the lower level are family, laundry and cold rooms.

EDMONTON

Type: House

Price: $429,900

Year Built: 1945

Property Size: 69.9 sq. m

Lot Size: 409 sq. m

Difference in monthly average price: +4.6 per cent

This bungalow is situated in Edmonton’s Old Strathcona neighbourhood and features three bedrooms and two bathrooms. In addition to the living room is a newly renovated kitchen offering access to the deck and a fully landscaped backyard. In the basement is a Scandinavian-style bedroom, a spa-inspired bathroom and a gas fireplace. The home itself is a short walk from the Mill Creek Ravine.

VICTORIA

Type: Townhouse

Price: $1,099,000

Year Built: 2002

Property Size: 150.97 sq. m

Lot Size: 183 sq. m

Difference in monthly average price: +5.4 per cent

At the entrance of this Victoria home is a main foyer with a coat closet and space to greet guests. On the main level is a combined living and dining area with vaulted ceilings, maple floors and an electric fireplace. The living area also offers access to a deck with views of the Olympic Mountains in the United States. Rounding out the home are three bedrooms and two bathrooms.

WINNIPEG

Type: House

Price: $349,900

Year Built: 1912

Property Size: 83.52 sq. m

Difference in monthly average price: +5.8 per cent

Located in Winnipeg’s Norwood Flats neighbourhood, this single-storey home has been completely remodelled. On the main floor, the combined living and dining area features a new electric fireplace made with stone. Quartz countertops have been installed in the kitchen, and new vinyl plank flooring runs throughout the home. In addition to two bedrooms are two bathrooms, and the property’s basement is partially finished.

OTTAWA

Type: Townhouse

Price: $685,000

Year Built: 1999

Property Size: 92.9 sq. m

Lot Size: 113.39 sq. m

Difference in monthly average price: +6.4 per cent

This end-unit townhouse is located in Ottawa’s New Edinburgh neighbourhood. Throughout the home are hardwood floors and flat ceilings. On the main level is a combined living and dining area with access to a private terrace, and on the upper level are two bedrooms and one bathroom. Grocery stores, coffee shops and more are all within walking distance.

HALIFAX-DARTMOUTH

Type: House

Price: $569,900

Year Built: 1963

Property Size: 165.37 sq. m

Lot Size: 0.05 hectares

Difference in monthly average price: +7.6 per cent

This house in Dartmouth, N.S., spans about 165 square metres and includes three bedrooms and two bathrooms. At the front of the home is a covered verandah, while a sundeck is located in the backyard. The basement is fully finished and offers additional storage space, as does the garage. The home itself is situated near ponds, parks and walking trails.

NEWFOUNDLAND AND LABRADOR

Type: House

Price: $339,900

Year Built: 2007

Property Size: 209.03 sq. m

Lot Size: under 0.2 hectares

Difference in monthly average price: +8.7 per cent

With three bedrooms and three bathrooms, this two-storey home in Paradise, N.L., is about 209 square metres. At the front of the home on the main floor is the living room, which features hardwood floors and a fireplace. Towards the back is the kitchen, which has a breakfast bar and adjacent dining area. The kitchen also offers access to a fully fenced backyard with a shed for additional storage.

from CTV News - Atlantic https://ift.tt/VyMasnw

[anujatherealtor]

Why Clarington Is a Great Place to Invest in Real Estate

Clarington is a fast-growing community with an ever-expanding real estate market. If you're thinking of investing in property here, now is the time to act.

In Clarington, there are several reasons to invest in real estate. The population growth, job opportunities, and low average commute rates are just a few reasons why this neighborhood is attracting many Clarington real estate agents. Moreover, the municipal government is supportive of new businesses and developments, making it easy for investors to get their hands on some prime property.

Reasons To Invest in Clarington

Clarington is a municipality located in the Regional Municipality of Durham, on the border of Ontario's Golden Horseshoe region. It is approximately 72 km (45 minutes) east of Toronto. Clarington is a great place to invest in real estate for many reasons.

One reason is that it is a growing municipality. The population of Clarington has been growing steadily over the past few years. According to Statistics Canada, the population in 2016 was 92,013, which was an increase of almost 8% from the 2006 census. This trend is expected to continue as more and more people are moving to Clarington to take advantage of the municipality's many amenities and its proximity to Toronto.

Another reason to invest in Clarington is that there is a variety of housing options available. Whether you're looking for a detached home, a semi-detached home, a townhouse, or an apartment, you'll be able to find it in Clarington. There is also a wide range of prices, so you can find something that fits your budget.

Investing in Clarington real estate is a great way to secure your future. With a growing population and a variety of housing options, you're sure to find a property that meets your needs.

Many people believe that buying property is a high-risk investment. However, this isn't always the case. With careful planning and detective work, you can make money from your investments even in tough markets. Another way to get good deals is by hiring real estate agents in Clarington. As long as you do your research, Clarington has all the makings of a great place to invest in real estate.

[thebrokeragerealestate]

How Many Worksheets do Developers Get?

As we all have heard in the news, since 2014 the residential real estate market in the GTA has been red hot. Homes tend to receive multiple offers, and condos are no exception to this trend.

But did you know that the Pre-Con Sales Cycle has been seeing a similar trend. With the supply of detached homes dwindling on the resale market, buyers have now jumped to the Pre-Con market in hopes of securing their dream home.

We have heard of Demand outweighing Supply, but we didn’t think it was that extreme. A development in Kitchener, Ontario by Mattamy Homes in spring of 2021 had more than 10,000 worksheets submitted. They only had about 300 lots for sale in this particular project launch. When we said this is a highly competitive industry, we meant it.