Published at February 26, 2008
in Trends and News.
ScotiaBank released their Real Estate Trends report today.
Check it the full report here.
Excerpt from the report:
” Canadian real estate markets remain remarkably buoyant, especially in light of the deepening housing downturn in the United States and the generally softening conditions in most other advanced economies globally. Housing starts totaled 228,343 units in 2007 — essentially matching the high level of activity of the prior two years and only 2% below the 233,431 unit cyclical peak of 2004. Strength was evident across the country, but led by more than a 60% surge in new homebuilding in Saskatchewan, where activity was underpinned by strong job growth, good affordability and a positive shift in net interprovincial migration. This momentum has carried through to 2008, with builders breaking ground on 222,700 new units (annualized) in January amid a flurry of condo starts.
Resale activity is equally brisk, with MLS sales volumes reaching a new record in 2007 and average home prices climbing a further 11%. While Western Canada continues to lead in price appreciation, average home prices rose by at least 5% in all provinces last year. New mortgage products with extended amortization periods, which effectively lower monthly payments, appear to be an important factor maintaining demand. Early reports for January point to a modest easing in sales and price appreciation.
We expect construction, sales and price gains to moderate in 2008 due to decreasing affordability, especially for first-time buyers, and some softening in domestic economic conditions associated with the intensifying U.S. slowdown and the persistently strong Canadian dollar. Housing starts will likely ease to around 204,000 units — still firmly above underlying household formation — with the more affordable multiple-family segment holding up better than single-detached construction. Meanwhile, more balanced resale market conditions — as sales volumes edge down and more listings come on stream — should bring average price increases back into the mid-single digit range. Renovation activity, which lags the trend in home resales by 1-3 years, will outperform new construction. “
Here are some answers to some Frequently Asked Questions (FAQ) about Aura:
What is the deposit structure on this project?
The deposit structure will be as follows:
$5,000 with offer
Balance of 5% in 10 days
5% in 90 days
5% in 180 days
5% in 360 days
5% on Occupancy
How much for parking and locker?
Parking spots are $35,000 and lockers are $5000.
Are there any restrictions on parking?
Yes. Only units sized 700 square feet or more are eligible for parking.
When is the expected occupancy date?
June 2012
Have more questions? Contact me now.Click here for ALL related posts about College Park 3: Aura.
The wait is over! VIP sales are on NOW for College Park Phase 3: Aura by Canderel Stoneridge. Aura is the landmark 75 storey tower that just about everyone in town is talking about. Yonge and Gerrard will be transformed by this beautiful structure of steel and glass.
Contact me now for floor plans, availability and PRICING!
Once again, sales to the general public will not begin for several weeks. Whether you are a seasoned investor or first time buyer, the best time to buy in a new development like this is at the very beginning-before prices go up and the best suites are gone. Contact me for more information or to reserve your suite of choice ahead of the crowds that are sure to line up for this project.
Savvy Condos at Yonge and Sheppard by Menkes. Floor plans and pricing are now available. Contact me now to receive the details.
The nice thing about this project is that the prices for all suites include a parking spot. Standard features include granite counter tops, stainless steel kitchen appliances and vertical blinds.
Building amenities include 24 hour Concierge, Indoor Swimming Pool, State-of-the-Art Fitness/Aerobics Centre, party Room featuring caterers kitchen with walk-out to landscaped patio and natural stone waterfall, Private Dining Room, Ladies & Mens Saunas and change Rooms, Theatre Room, Games Room and 2 Guest Suites.
The VIP sales event is happening very soon so if you are considering Savvy, don’t delay, contact me today.
Good news for those of you who might have missed the special VIP event yesterday. Due to the terrible weather that hit Toronto yesterday, the developer-Malibu Investments-has decided to extend the VIP broker’s sales event until Friday the 15th.
Please contact me for more information or if you would like to purchase a unit at LTD.
Related: LTD VIP Sales Event
LTD Sales Event Coming Soon
The wait is almost over! Contact me now for VIP sales at College Park 3: Aura.
College Park Phase 3: Aura is without a doubt the most anticipated new condominium project in Toronto since 1 Bloor. I have been accepting pre-registrations for the VIP sales event for this project for quite some time now and I have some good news: floor plans are now available.
Contact me now to get your hands on these amazing floor plans and for your chance to buy NOW before the public!
Related post: Coming Soon: College Park Phase 3 Aura
LTD Condos by Malibu Investments. VIP sales event is happening tomorrow February 12. This is your last chance to register for this invitation-only event. Buying before the public can save you thousands on your purchase of a new condo.
LTD will be a boutique-style building rising only 15 storeys at Bathurst and Lakeshore and containing 187 units.
VIP pricing for tomorrow’s sales event is now available. Contact me now for more information or to attend this event.
Related: LTD Condos VIP Registration
The Bayview by Daniels at Bayview and Sheppard. Special VIP preview event coming soon. Exquisite luxury and five star service. Pricing from the $300s to over $1 Million. Exclusive collection of 1 bedroom + den and 2 bedroom + den suites.
Contact me now for your opportunity to attend an upcoming preview luncheon for this exciting new project by Daniels. Floor plans and pricing information will be available for your consideration.
LTD Condos is the latest in the highly successful Malibu Development at Lakeshore and Bathurst by Malibu Investments. Register now for your chance to purchase at an upcoming VIP sales event. This event is invitation only and is your chance to buy BEFORE the public.
LTD stands for “Lakeshore To Downtown” and that pretty well describes this project’s location perfectly. Minutes away from the lake and the vibrancy of King West and the downtown scene.
LTD also stands for limited, as in exclusive. There will be less than 200 suites in this building which will give it more of a boutique feel. Units are expected to sell quickly.
Standard suite features will include nine-foot ceilings, granite counter tops and wood veneer flooring. Some suites will have oversized balconies 20 to 30 feet wide.
Contact me now for VIP pricing and floor plans or if you have any questions about this development.
Related: LTD Condos VIP Event
Coming soon to Yonge and Sheppard: Savvy Condominiums by Menkes. Contact me now for your opportunity to purchase BEFORE the public at a special, VIP sales event. This event is invitation only and is your chance to purchase a suite in this beautiful building before sales open to the general public.
Menkes is the developer behind other projects such as Lumiere Condominiums on Bay, One Sherway Condominiums, Luxe Condominiums in North York, and Four Seasons in Bloor-Yorkville.
Yonge and Sheppard is one of the hottest areas in the city for new condominium developments and Savvy is going to be situated in the heart of the action, just steps away from all the amenities including the subway at Yonge and Sheppard.
For more information about Savvy or to register for the VIP sales event, please contact me.
