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The number of power of sale listings has decreased by about half since the last Power of Sale post. Taking the Mid-May report into account, it appears that we are in an equilibrium with a balanced supply of buyers and sellers. This is a great time to buy and/or sell.
Let’s take a look at the current power of sale listings.
Power of Sale Listings for Central/North Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for East Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for West Toronto
Freehold/Condominium properties please - click here -
York Region (Richmond Hill / Markham / Vaughan / Aurora) – There are very few Power of Sale listings for the towns in York Region, so I have grouped them together.
Freehold/Condominium properties please - click here -
Mississauga & Oakville
Freehold/Condominium properties please - click here -
For other areas in the GTA, please request it by emailing me and I will email the listings to you.
Please contact me to discuss any of the power of sale listings.
Please contact me to list your property for sale.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
Toronto Real Estate
Kirby Chan
Toronto Power of Sale
LTD Condos
LTD built by Malibu Investments, is located north of Malibu Condos near the intersection of Bathurst Street and Lake Shore Boulevard. Construction has not begun so the builder is still selling at pre-construction prices.
The builder describes the building as having the edge of industrial warehouse chic, mixed in with a dose of contemporary glass, planted with a lot of greens resulting in a cool, casual living space combined with an urban attitude.
LTD will be 15-storeys high with 187 suites. All units will have balconies or terraces so you can always take a step outside and take a breath of fresh air. Ground level units are live/work 2-storey units and come in 1-bedroom plus den or 2-bedroom layouts.
Amenities include a fitness centre, party room, billiards room, private screening room and a lounge with kitchen, dining table and bar. Guest suites and vistors parking provides convenience to your guests.
Suites finishes include stainless steel appliances, granite kitchen countertops with tiled backsplash, stone vanity tops and wood veneer floors, 9-foot ceilings and balconies.
Studio units start at $185,900.
1-bedroom units start at $215,900.
1-bedroom + den units start at $237,900.
2-bedroom units start at $348,900.
2-bedroom + den units start at $441,900.
Live/Work units start at $346,900.
Parking spaces – $29,000
Lockers – $5,000
Projected Occupancy – May 31st 2011
The Builder is offering me limited time incentives. Please contact me for more information on incentives, floor plans and pricing.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
Malibu Condos
Malibu at Harbour Front Condominiums is located at 600 Fleet Street at the intersection of Bathurst and Lake Shore Boulevard. It is composed of a 30-storey tower with 339 suites. A 11-storey podium is attached to the tower and provides a 12th floor beach-style terrace. Roomy 2-storey lofts with 16-foot ceilings are available as well as studios, one and two bedroom suites. Suites have floor to ceiling windows. Suites can appreciate the Lake Views on the Balcony. The 3-storey Malibu Club Spa has a pool, sundeck, whirlpool, fitness centre, and beach lounge. A party room is outfitted with a kitchen and bar. Furnished guest suites and visitors parking provide comfort and entertainment to your guests. Security features include a 24-hour concierge and a live-in Superintendent.
Malibu Condo Prices
Studio units start at $149,900 for sale and $910 for lease.
One Bedroom units start at $219,900 for sale and $1,250 for lease.
One Bedroom + Den units start at $249,900 for sale and $1,400 for lease.
Two Bedroom units start at $284,900 for sale and $1,600 for lease.
Two Bedroom Penthouses start at $448,900 for sale with none for lease.
Please contact me to obtain the MLS listings or to view any of the units at Malibu Condos for sale or for lease.
If you prefer a to buy a new construction, please take a look at my LTD Condominiums post.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
After a 2-day snow storm, the sun has returned. The market interest is certainly picking up, with our office registering 900 showings this week. 50% of the analyst would say it is going to get worse. 50% of the analyst would say it is the bottom now and the housing market will rebound. To be honest with you, who really knows. These people are just guessing, and what I know is 50% of them are going to get it right and be labeled as experts. The other 50% will have to try their luck again. I like to look at the stats and I will provide the March housing statistics in the next post. In summary for the month of March, 2009 vs. 2008, we are down 7% in sales transaction and down 5% in average price. When compared to the month of January and February the housing market is improving at a steady rate. It seems it is not as bad as the media portrays it to be.
Let us move on to this week’s list of power of sales.
Power of Sale Listings for Central/North Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for East Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for West Toronto
Freehold/Condominium properties please - click here -
York Region (Richmond Hill / Markham / Vaughan / Aurora / Uxbridge/ Stouffville) – There are very few Power of Sale listings for the towns in York Region, so I have lumped them together.
Freehold/Condominium properties please - click here -
For other areas in the GTA, please request it by emailing me and I will email the listings to you.
Please contact me to discuss any of the power of sale listings.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
The warm weather has arrived! 13 degrees today, looks like spring is coming early. Good weather affects real estate prices and I feel this as more clients are calling me to see homes and to get a market evaluation on their own home.
Let us take a look at this week’s list of power of sales.
Power of Sale Listings for Central/North Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for East Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for West Toronto
Freehold/Condominium properties please - click here -
Richmond Hill / Markham / Vaughan – There are very few Power of Sale listings for the three towns in York Region, so I have lumped them together.
Freehold/Condominium properties please - click here -
For other areas in the GTA, please request it by emailing me and I will email the listings to you.
Please contact me to discuss any of the power of sale listings.
Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
The cold weather is back! It looks like more snow for the coming days. Bad weather affects real estate prices because less people are shopping for homes. It’s more trouble to view the properties, driving to the properties, getting a proper home inspection done and moving your home. So who can this benefit? Of course, the buyer who is willing to go through this hassle.
Let us take a look at this week’s list of power of sales.
Power of Sale Listings for Central/North Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for East Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for West Toronto
Freehold/Condominium properties please - click here -
Richmond Hill / Markham / Vaughan – There are very few Power of Sale listings for the three towns in York Region, so I have lumped them together.
Freehold/Condominium properties please - click here -
For other areas in the GTA, please request it by emailing me and I will email the listings to you.
Please contact me to discuss any of the power of sale listings.
Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
For this week there is an increase in the number of power of sale listings for freehold properties in Toronto and a decrease of power of sale condominium units.
This week I will include power of sale listings from Richmond Hill, Markham, Mississauga and Oakville.
TORONTO
Freehold properties please - click here page 1- and - Page 2 -
Condominium properties please - click here-
RICHMOND HILL / MARKHAM
For properties please - click here -
MISSISSAUGA / OAKVILLE
For properties please - click here -
For other areas in the GTA, please request it by emailing me and I will email the listings to you.
Please contact me to discuss any of the power of sale listings.
Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
I must apologize for being a day late posting Monday’s Power of Sale List. Let’s start bargain hunting!
This is a list of power of sale properties for Toronto. Power of sales are usually properties where the owner is not making mortgage payments and the financial institution is selling the property to recoup their money. Many of the properties are great for the first time home buyer or the handy man.
For freehold properties please - click here -
For condominium properties please - click here-
For other towns or cities around GTA, please request it by emailing me and I will email the listings to you.
Please contact me to discuss any of the power of sale listings.
Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
The average GTA price in December 2008 was $361,415. During the same period last year, the Toronto MLS system recorded an average of $394,931, and in December of 2006 overall GTA prices averaged $336,217.
For December 2008 recorded sales were 2,577 down from 4,646 sales recorded during the same period last year. A 45% drop in sales.
FOR SELLERS
There was a 45% increase in active listings and 29% increase with Days on the Market. We are definitely in a buyers market now. But for Sellers, there is nothing to fear, because with my promotional plans your house will definitely perform above these averages. Even though values have dropped, the average prices have stabilized and still remain above 2006 numbers.
Contact me and I can help you sell your home at the maximum value using the full extraction method.
For 2008 as a whole, prices averaged $379,347, compared to the $376,236 recorded in 2007, and the $351,941 average recorded in 2006. Sales were 74,552, compared to the 93,193 recorded in 2007, and the 83,084 record during 2006.
FOR BUYERS
As the above chart shows, sale numbers have been steadily declining since Mid-2008 and the active listing supply is high. We are in a buyers market and it greatly benefits the first time home buyer. This is the best time to buy low and sell high in the future. Real estate is a long term investment, so start early and invest.
Contact me and I can help you locate your dream home.
Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
The following is a Market Report for 2008 and Outlook for 2009 for the Greater Toronto Area. It was prepared by Re/Max using TREB data. I agree with almost everything except for the part about house values remaining stable for 2008. Even though as a whole the average price of real estate in GTA has risen, the data has been wrongly interpreted. If you’ve read my previous post about luxury homes, you’ll see that luxury homes sales above $1.5 Million has been stronger than the rest of the market. The rise in average price of homes is a result of more sales in the higher price properties. I delved deeper into the data and looked at the average price in each segment. The result? Each segment has had a drop in price. Instead of a drop in sales and rise in prices, in reality it is a drop in sales and prices.
Please note this report was prepared before the layoffs at GM’s Oshawa plant. The rate of job growth may be on the negative side now.
Click below to read the Market Outlook Report.
Read the rest of this entry »
