There is some concern in the market place that prices are going up a lot in the GTA and the bubble's gotta burst... however when you look at the statistics for June and the affordability factor... Toronto Real Estate market is very healthy and affordable.
The average price in the GTA is up 9.5% for June 2011 to $476K from last years $435K. The number of houses sold to date is down 4.5% to 48,189. This can be directly attributed to fewer listings in the market place and higher prices.
It is expected that more home owners will take advantage of the high prices and list their properties which will result in more moderate price increases for the remainder of the year.
The affordability factor sits around 32%. This means that the average home owner spends 32% of their income to service their mortgage. This is what the banks lend to and the low interests rate are helping.
Do we expect interest rates to increase anytime soon? Economists are not banking on it. Our high dollar (above parity with the US) which impacts our EXPORT driven economy. Plus the turmoil in Greece and the weak US economy and the Real Inflation being at about 1.6% there is no cause for concern or need for the Canadian Central Bank to raise interest rates.
Is it is a good time to SELL? Most definately
Prices are at all time highs... and the fewer listings in the market will help you get the best price for your home. Plus Team Jagpal will do a open house every
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Station Condos- 2BR - Specials this Wednesday July 13 - 6-9pm
buy with only 10% down until occupancy. Contact me for details.
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Tridel's "Argento" at DonMills & York Mills, backing on to Donalda Golf & Country Club... minutes from the DVP & 401.
1BR from $263K ; 1BR +D from $295K, 2BR from $380K
Occupancy: Summer 2014
More details visit my website.
and Call me and book your appointment in my office.
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Tridel's Metrogate Solaris 1 & 2
condos at Kennedy & 401 are the HOTTEST condos in Scarborough. You can't find a comparable condo anywhere and that is why I've sold quite a few. Once you walk into the building you will quickly realize why people are eager to buy and rent the units.
The quality of the building...it's entrance, details, amenities and the units themselves are beyond any of the units at 68, 88 Corporate Drive. The condos at 1, 11, 8, 18, 36, 38, Lee Centre Drive don't come close nor do the three Omni driving condos and the 2 Monarch towers at Brian Harrison Way.
There are some nice units at Monarch's newer towers at 60, 70 Town Centre Court... but even 68 Grangeway and the brand new Centro building can't compete with the over all value, appeal, feel and look of Tridel's 40 Storey Solaris twin towers.
If you are looking to buy, lease or invest in a condo at Scarborough Town.. your top choice should be Solaris 1 or 2...
Call Jas to purchase either a resale or assignment or to SELL your unit- he has the experience in helping buyers and sellers at Metrogate. Call 647-272-6629 or e-mail jasjagpal@gmail.com.
Assignments from the 8th to 39th floor (650 sq ft to 903 sq ft.) 1BR+D, popular 2BR + 2BR +D units.
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RESALE METROGATE CONDO FOR SALE
BRAND NEW- TRIDEL BUILT- GREEN ENERGY EFFICIENT BUILDING
1BR + D unit, 650 Sq Ft, 12th Floor for only $262,900K with a west facing view.
View slide show at: Condo For Sale Unit 1206 - Solaris 1 Metrogate by Tridel
SOLD in 7 Days - RESALE DOWNTOWN JAMES COOPER MANSION CONDO
BRAND NEW- TRIDEL BUILT- Sherbourne & Bloor - 32 Storey Condo
1BR unit, 520 Sq Ft, 19th Floor for only $311,500K with large balcony.
View slide show at: Condo For Sale Unit 1901 - James Cooper Mansion by Tridel
Contact me directly at 647-272-6629 to put an offer in and save $5- $10K on resale or assignments at Solaris 1 and 2.
Jas Jagpal - Experience and proven record to help you BUY/SELL at: Tridel's Metrogate Solaris Condos or Scarborough Town Centre.
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REFER TEAM JAGPAL!
Get rewarded when you refer a friend, family member or buy and sell with Team Jagpal. You will be entered into a draw (25%) chance to win an IPAD2... see details below.
Just a few quotes what my past clients say they liked best about working with me:
"Honest and professional"
"Ease of dealing with Jas."
"Responsiveness to emails & phone calls"
Book your FREE Pin-Point- Comparative Market Analysis and let us SELL your home!
Jas Jagpal, BROKER BSc. York University. C: 647-272-6629
Jess Jagpal, Sales Representative C: 416-312-9742
| ASSIGNMENT DEALS! Buy below Market Value! (For Seniors, Investors, Empty-Nestor) 1. 1Bedroom + Den - Kennedy & 401 METROGATE SOLARIS - 1 Parking, Pool. 702 Sq Ft. from $249K - 25, 27 Floor ALL NEW LOW PRICE! at least $20-25 K below market value. 2. 1Bedroom + Den - Kennedy & 401 METROGATE SOLARIS - 1 Parking, Pool. 652 Sq Ft. from $265K - 2 Units on the 39 Floor one level from the top 3. 2 Bedroom + 2 Washrooms - Kennedy & 401 METROGATE SOLARIS- 1 Parking, Pool. 753 Sq Ft. from $280K - 14,15, 25th Floor Make your best offer. 4. 2 BR+ 2 WR - Kennedy & 401 METROGATE SOLARIS - 1 Parking, Pool. SOLD! 5. 1BR + D - Sold Avonshire - Yonge & 401- 9' ceilings, 1 Parking, Pool. 6. 1BR + D - Sold Kennedy & 401 1BR+D - 13th Fl. 7. 1BR + D - Sold Kennedy & 401 1BR+D - 26th Fl. List Your Condo Here FREE until SOLD! |
| WIN AN IPAD 2* A maximum of 2 draw tickets for every trade in real estate.(Referral ticket & Seller ticket ; Referral ticket & Buyer ticket). 1 draw ticket for every trade in real estate where there is no referrals. (Seller ticket or Buyer ticket). You have 1 in 4 chance of winning an ipad2. Draw tickets to be given to all Buyers, Sellers, Leasers, Assigners, Referrers that result in a trade of real estate starting March 21st, 2011 to Aug 31st, 2011. Draws will be held on Sept 4th, 2011. Winners will be notified by Newsletter, E-mail and by phone and agree to have their name published on Jas's print and web marketing material. |
| TESTIMONIAL "What I like about Jas is his sharp mind and his dedication to taking care of his clients. In fact his newsletters and blogs are very informative and I love the fact that he has a down-to-earth approach, tells it how it is and doesn't play politics! When we bought a Condo Assignment he was selling for a client in Edmonton, we had no clue what we were getting into. Jas was very patient with us and provided the feeling of security we needed to buy. I could only imagine the juggling he had to do to get this deal done with Tridel, the Seller and myself. It was a great investment and I'm happy I bought it. I recommend Jas to anyone who is thinking of buying or selling. You can depend on Jas and his team to look after you. I'm glad I did! Thank you Jas." Sathish Pattabhiraman |
Posted via email from Markham Real Estate Blog
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