STUNNING PET FRIENDLY CONDO - Open House Sunday

·         EXECUTIVE CONDOMINIUM nestled in a picturesque park setting around Bayview Village.

·         LOCATED AT 30 FASHION ROSEWAY, SUITE 319E

·         2 Bedroom, 1  Bath Condo

·         NEW KITCHEN APPLIANCES  

·         NEWLY PAINTED, NEW WOOD FLOORING with floor to ceiling windows in the living room.

·         PET FRIENDLY BUILDING

·         OUTDOOR POOL with CABANA

·         IN SUITE WASHER & DRYER

·         LOW MAINTENANCE FEE INCLUDES HEAT, A/C, HYDRO & CABLE

·         LOCATED WITHIN A QUIET, HIGH DEMAND NEIGHBOURHOOD

·         PRESTIGIOUS SCHOOL DISTRICT: Earl Haig S.S./Bayview Middle School, Elkhorn and Hollywood Public Schools (bus service & daycare available).

·         STEPS AWAY from WALKING/BIKE TRAILS, TENNIS COURTS and PARKS! 

·         BAYVIEW VILLAGE, HIGHWAYS, SUBWAY and GO TRAIN are easily accessible 

PRICE:  $375,000

DON’T MISS THIS RARE OPPORTUNITY!

Virtual Tour & Photo Gallery: http://gtatours.ca/client/MarianneUrvari/30FashionRoseway319E/

MARIANNE URVARI, Sales Representative
ROYAL LEPAGE SIGNATURE REALTY, BROKERAGE

Telephone: 416-443-0300

Fax: 416-443-8619

Mobile: 416-817-0164

OPEN HOUSE:  Saturday, April 16th & Sunday, April 17th 2:00pm to 5:00pm

The Future of Real Estate in Toronto

Real estate in Toronto has greatly amazed investors. This is because the world economic crunch especially felt in this sector has not had a grave effect as recorded in other countries like the United States of America. It is therefore vital to understand how the sector has managed to remain steady, and more so what the future of the Toronto real estate market is expected to be. Investors in the industry have moved out of their traditional investment locations to places that have a more promising future. For example, big investors have camped in Asian countries and others in South America. However, in all of these, Canada and specifically Toronto real estate investors have stayed put.

It is important to mention that economists in Canada predicted a low spell withreal estate in Toronto. The slight drop in sales was definitely witnessed, but this was nothing compared to other big giants like Japan. It was predicted that the sale of condominiums in Toronto would not be changed. This has proved true and in fact it has been reported that the construction of condominium units has reached a record high. The Toronto market has definitely stood out above the rest with sales of the current year so far being higher than those of last year albeit by a small margin.

All this goes to show that real estate in Toronto is a formidable sector to reckon with. The future of Toronto looks very bright according to a report released by the Canada Mortgage and Housing Corporation. Investors will definitely not be disappointed if their predictions are anything to go by. According to the report, the market will have a soft landing after the economic turmoil. The report shows clearly that the number of unoccupied condominiums will be few, running between a thousand to two thousand units.

In the price growth for real estate in Toronto, the report estimates that it will stand at 3%. This is a slight fall but moderate nevertheless. The price growth for 2008 stood at around 5%. It is important to realize that these rates are very encouraging compared to the performance in other markets. They show that there is still a huge demand for Toronto real estate and this demand is needed to ensure that the vibrant sector continues to progress. The encouraging news is that many foreign investors have only good things to say about this sector.

Many say that the Toronto real estate sector is undervalued. Their goodwill and optimism is the great force that will stimulate more growth in the industry. Experts in the field say that the value can only increase given the current figures. It is pretty good to know that there is some ray of hope in the midst of a global crisis. Investors are happy to operate in Toronto because they know that there are good returns awaiting them. Therefore, as a person willing to buy or sell real estate in Toronto, keep abreast of current information so as to make sound decisions.

www.marianneurvari.com

Marianne Urvari

416-817-0164

Year End Stats

RealNet Canada Inc. released the December results and year-end totals for the Greater Toronto Area new homes market late last week, and when all was said and done, there were 36,803 new homes and condos sold in the GTA last year.

To put that sales total in perspective, it was better than 2009 (by 8%), it was better than 2008, and it was better than all the expert forecasts for the year. And while it was only the third best year since 2000, 36,803 units is still a healthy number from the standpoint of jobs, investment and tax revenues for all levels of government.

It really was a tale of two markets though, as sales of low-rise homes, primarily in the suburbs, were off by 10%, while sales of high rise condo suites were up 30%, resulting in the overall gain of 8%. The 20,349 new condos sold in 2010 amounts to the second best year ever for high-rise condo sales (2007 was tops).

High-rise sales did break a record last year though, taking an all-time high 55% share of total new home sales. Within the last decade, the share of the GTA housing market captured by high-rise condo developers has steadily risen from one quarter, which was considered normal, to a third, which was called the new normal, to more than 40% (we called that the Year of the Condo), to the point today where more than half of all new home sales annually are high-rise condos.