Your Best Move by Chen Kumar

03/02/2021

Strolling thorough Mount Dennis

Book an afternoon-long stroll with yourself and discover (or rediscover) a Toronto neighbourhood. Here’s where to start, stop and linger.

02/24/2021

Everyone thinks their real estate market is hot, but they don’t realize they almost all are. Canadian Real Estate Association (CREA) data shows large home price gains in January. Not just for the year, but for the actual month. The increases were actually so big, almost two dozen markets saw price...

02/16/2019

Highlights from Urbanation's 2018 Commercial Property Market research:

Sectors that experienced growth in 2018 were

Residential Lots (+$409 million; +157%),
Office Buildings (+194 million; +4%),
Industrial Buildings (+$53 million; +2%) and Rental Apartments (+892 milion; +60%).

Rental Apartment sales totaled $2.4 billion with an average price per suite of $256 (+15%; $230 per suite in 2017) and an average cap rate of 3.4%.

The average price of Office Buildings and Industrial Building reached record highs of $380 psf and $147 psf, respectively.

Urbanation released the results of our 2018 Commercial Property Market research, with highlights presented in the following summary. Highlights of the release include:

04/13/2018

Renovations make for good TV shows, but no one enjoys doing them. So why not move-in to this home and enjoy it without lifting a finger!

Exquisitely Renovated 3-Bedroom/3-Bathroom Home In The Heart Of West Oak Trails in Oakville.

Open House this weekend Sat&Sun 2-4 p.m: 1483 Warbler Rd, Oakville

11/13/2017

One Bedroom units starting from $272,900 at Trinity Ravine Phase 2. If you're looking for value, this is very hard to match in the current market.

If you're interested in finding more, please contact me at 647-478-9788 to schedule an appointment with the Sales Office prior to the VIP Sales event on November 23rd, 2017.

10/17/2017

Final OSFI wording on the new B20 Guidelines coming into effect on Jan 1, 2018 “At a minimum, the qualifying rate for all uninsured mortgages should be the greater of the contractual mortgage rate plus 2% or the five-year benchmark rate published by the Bank of Canada.” "....Guideline B-20 changes, which focus on uninsured mortgage loans."

Starting in January, new regulations will make it tougher for Canadians to qualify for uninsured loans, affecting consumers with down payments of 20% or more

10/05/2017

Beautiful fall morning over Topham Pond in Mount Dennis, its a mini High Park (or is High Park a big Topham Pond ☺️)without the crowds.

7 Likes, 1 Comments - Chen Kumar () on Instagram: “Beautiful fall morning over Topham Pond in Mount Dennis, its a mini High Park (or is High Park a…”

08/16/2017

Succinctly written article on the state of the current real estate market in the GTA. There is a short term decline in prices, however you have to distinguish between demand for housing (sales, rentals, short term etc) and demand from BUYERS of housing that is for sale. The intention of the recent and ongoing government legislation related to housing is to curb the SALE PRICES and RENTS of homes and condos which we've seen increasing several fold over the last few years, it should be noted that these increases were a result of government land use and rent legislation policies in the first place. But without meaningful measures to also address and increase the housing supply and to make that supply available to the average end user, the demand will continue to rise. You can build a dam to hold the water, but you can't stop the rain.

Measures to promote supply are needed, but the resulting new-build supply won't be cheap.

04/25/2017

"The major explanation for mismatched supply and demand is domestic — new homes not keeping pace with Toronto’s 1.6 per cent annual immigration rate (an increase in population of over 100,000 a year), a local economy that’s actually doing quite well, and the irruption into Toronto of an ascendant set of values that can be attributed to an already landed, prospering immigrant class."

"So what’s to blame, “foreign buyers” or the rationale of Canadian immigration policies actually working?"

Let the laws of economics work themselves out. This is no bad thing. A more equitable distribution of prosperity is what will likely result.

03/09/2017

"Here are the facts: there were 5,400 properties on the market at the end of February, half of last year’s figure. The price of an average house in Toronto and its suburbs rose 28 percent in February to C$875,983 from the prior year, the sixth straight month of above-20 percent growth."

There’s nothing remotely affordable to buy, prospective buyers say.