Monthly Archives: November 2016

HOT NEW LISTING: 3 FRANKLIN STREET, MARKHAM | $2,358,000

nsp01_resize

Absolutely Stunning Custom Home In Prime Markham Village, With No Expenses Spared! Luxury Living With Character Featuring A Gorgeous Kitchen With Top Of The Line B/I SS Appliances, Marble, Backsplash, Island & Pantry! Hardwood Floors,Custom Cabinetry, Moldings, Coffered Ceilings, Paneling, Potlights, I/G Sprinklers, Curved Windows/Door, Heated Floors, B/I Speakers, An Amazing One Of A Kind Basement & So Much More!

Spa Like Bathrooms, Home Automation, Cantina, Insulated Garage, Interlock, ETC. Must See To Appreciate! Includes All Existing Top Of The Line Appliances, Light Fixtures, GDO, CVAC. Home Security System With 5 Cameras. See List Attached.

For More Information Visit: www.3Franklin.ca

HOT NEW LISTING: 10 GRANTS PLACE, MARKHAM | $1,958,000

hwd001_resize

Stunning Estate Home On A Massive Half Acre Cul De Sac Lot In Prime Markham Location!! Over 5500Sq Ft Finished Luxury Upgraded Living Space. 3 Car Garage, 9 Car Driveway, Walkout Basement, New Windows, Doors, Roof, Furnace, AC, Hardwood, Paneling, Led Potlights, Moldings, Custom Staircase & More. Beautiful Kitchen With Granite, Backsplash, Stainless Appliances, Grand Foyer With Skylight. Modern Bathrooms & Elegant Master 5Pc Spa! Mature Colorful Trees Creating Scenic View And Privacy *See List & Virtual Tour*

Prestigious Area! Bright, Move In Ready! Chiavatti Built, Totally Renovated Every Inch Upgraded!! Includes All Appliances (SS Fridge, Stove, D/W, Wine Fridge, Washer, Dryer) CVAC, GDO, Window Coverings, Light Fixtures, All TV’s & Speakers

For More Information & Photos Visit: www.10GrantsPlace.com

 

TORONTO REAL ESTATE MARKET UPDATE: 905 is up 29.4% Year-Over-Year

The Greater Toronto Area REALTORS® reported a record 9,768 sales through TREB’s MLS® System in October 2016 – up by 11.5 per cent compared to October 2015. For the TREB market area as a whole, the largest annual rate of sales growth was in the condominium apartment market segment. Detached home sales were up by 10 per cent year-over-year, driven predominantly by transactions in the regions surrounding Toronto.

“The record pace of GTA home sales continued in October, with strong growth observed throughout the month. As we move through November and December, we will be watching the sales and listings trends closely, in light of the recent policy changes announced by the Federal Minister of Finance. TREB will once again be conducting consumer survey work, in order to report on home buying intentions for 2017,” said Toronto Real Estate Board President, Larry Cerqua.

102016-infographic

 

The MLS® Home Price Index Composite Benchmark was up by 19.7 per cent on a year-over- year basis in October 2016. Similarly, the average selling price for all home types combined was $762,975 – up 21.1 per cent over the same time period. Double-digit increases were experienced for all major home types for the TREB Market Area as a whole.

“New listings were up slightly in October compared to last year, but not nearly enough to offset the strong sales growth. This meant that seller’s market conditions continued to prevail as buyers of all home types experienced intense competition in the marketplace. Until we experience sustained relief in the supply of listings, the potential for strong annual rates of price growth will persist, especially in the low-rise market segments,” said Jason Mercer, TREB’s Director of Market Analysis.