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Realtor on Duty

Real estate agent here to help with buying, selling or renting properties. I am able to advise on m

03/13/2022

Market Update - By the Numbers

1. The average purchase price for a home is up 28% since Feb 2021.

2. In Feb 2021, the average home price was 1,044,957, compared to $1,334,544. That's almost $300,000 more to purchase a home in the GTA.

3. Average House by type:
Detached: $1,797,203
Semi-detached: $1,358,415
Townhouse: $1,121,641
Condo: $799,966

4. I0 years ago in 2012, the average price for a home was $497,073. That's almost $840,000 less than the average home price today.

Do you think the housing price will continue to increase at this rate?

02/07/2022

Garden Suites Permitted in City of Toronto

Toronto City Council has adopted new policies and zoning requirements to allow garden suites to be built on properties in most residential zones across the City.

A garden suite is a housing unit usually located in the backyard of an existing house, but separate and detached from the main house. Garden suites are generally smaller than the main house on the lot, and are often a way to create homes for family members – parents, grandparents or adult children – or can be used as rental housing units.

The introduction of garden suites adds a new form of housing to the range of housing permitted across Toronto’s neighbourhoods, and was implemented to address Toronto’s housing needs. The Garden Suites project is one of several initiatives led by the City through its Expanding Housing Options in Neighbourhoods (EHON) initiative. The EHON initiative is working to facilitate more low-rise housing in residential neighbourhoods to meet the needs of our growing city. The City continues to expand housing forms in Toronto, ranging from laneway and garden suites to duplexes, triplexes, and low-rise walk-up apartments.

02/03/2022

Pre-Construction Condo: McGibbon on Main
Georgetown, Ontario
Price starts at $531k

Extended Deposit Structure:
$5,000 on signing
remaining 5% in 30 days
5% Jun 2022
5% Jun 2023
5% at Occupancy

Contact me at 416-824-8617 to reserve your unit.

02/02/2022

Rental Market Update:

The number of available condo units was done by 49%. The lack of housing inventory was not only an issue for the ownership market, but also for renters too. This lack of inventory has increased competition between renters, pushing average rents higher. As a result, average rent for one bedroom and two bedrooms increased by 13.7% and 12.6% over the previous year respectively.

The average rental in the GTA in 2021 were:
One Bedroom - $2,099
Two Bedrooms - $2,763
Three Bedrooms - $3,679

Feel free to reach out if you are looking for assistance with a lease.

01/26/2022

VuPoint Condos - Pickering, ON
Pricing starts at $495k

Contact me at 416-824-8617 to purchase a unit.

01/18/2022

Linea Condos: Warden and St Clair
Pricing starts from the low $500k.
Contact me if interested.

01/13/2022

252 Church Condos: Downtown Toronto
Pre-construction condo near Church and Dundas.
Price Starts at mid- 500K

contact me if interested in purchasing a unit at 416-824-8617

01/08/2022

XO2 Condos - Dufferin & King

Client Incentives:
- One (1) above ground locker included
- Free assignment
- Right to lease during occupancy

Extended Deposit Structure:
$10,000 ON SIGNING
BALANCE TO 5% IN 30 DAYS
5% IN 180 DAYS
2.5% IN 300 DAYS
2.5% IN 400 DAYS
2.5% IN 500 DAYS
2.5% IN 600 DAYS

Contact me at 416-824-8617 if interested.

12/24/2021

Important Update for Condo Owners

The Government of Ontario has introduced new changes to the Condominium Act, 1998 related to an expansion of the jurisdiction of the Condominium Authority Tribunal (CAT) – the Province’s virtual tribunal that helps resolve condo-related disputes.

As of January 1st, 2022, the CAT will be granted the authority to handle disputes involving nuisances, annoyances, and disruptions. Specifically, prescribed nuisances under the Condominium Act, 1998 will now include “unreasonable” instances of:

Odour
Smoke
Vapour
Light
Vibration

Previously, these issues were dealt with through mediation, arbitration, or the courts, leading to costly and time-consuming proceedings. Under the current rules, landlords and condo owners often have to foot the bill for these types of disputes.

The new rules will provide a faster and more cost-effective dispute resolution mechanism for condo owners and their tenants. It is important to note that the expanded jurisdiction of the CAT will not have a direct impact on eviction proceedings, as those issues are still governed by the Landlord and Tenant Board.

12/05/2021

GTA HOME SALES HIT NEW NOVEMBER RECORD

Home sales reached a new record for the month of
November, and the average selling price also reached a new all-time high. GTA REALTORS® reported 9,017 home sales through TRREB’s MLS® System in November 2021 – 3.3
per cent above the November 2020 result, setting a new record. The MLS® Home Price Index composite benchmark was up by 28.3 per cent year-over-year in November
2021. The average selling price for all home types combined was $1,163,323 – up by 21.7 per cent
compared to November 2020.

Average GTA Prices:

Detached - $1,567,832
Semi-Detached - $1,206,016
Townhouse Price - $962,044
Condo - $715,104

Contact me if you are looking to buy or sell.

Mark Adams - 416-824-8617

10/29/2021

The Wilmot Condos: Oakville, ON

Contact me if interested at 416-824-8617

10/26/2021

Durham Region: Market Update (Year to Date)

Address

Toronto, ON
M1VS18

Telephone

+14168248617

Website

http://c21fulton.com/realtor/markpadams/

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