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May 10, 2018 Krystal Lee Ponte Comments Off on Market Watch – April 2018 Operations

Market Watch – April 2018

Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

“While average selling prices have not climbed back to last year’s record peak, April’s price level represents a substantial gain over the past decade. Recent polling conducted for TREB by Ipsos tells us that the great majority of buyers are purchasing a home within which to live. This means these buyers are treating home ownership as a long-term investment. A strong and diverse labour market and continued population growth based on immigration should continue to underpin long-term home price appreciation,” said Mr. Syrianos.

“The comparison of this year’s sales and price figures to last year’s record peak masks the fact that market conditions should support moderate increases in home prices as we move through the second half of the year, particularly for condominium apartments and higher density low-rise home types. Once we are past the current policy-based volatility, home owners should expect to see the resumption of a moderate and sustained pace of price growth in line with a strong local economy and steady population growth,” said Jason Mercer, TREB’s Director of Market Analysis.

Full market watch report-April2018

April 11, 2018 Addy Saeed Comments Off on 7 Unit Apartment Building in St Catherines Listings Broadcast

7 Unit Apartment Building in St Catherines

We have a freshly renovated 7 unit mixed use apartment building in St Catherines that is coming up for sale.  The building is renovated from top to bottom with new roof, new plumbing throughout the building, new heating system with upgraded mechanicals, expansion tank, fill package, tekmar zoning system, new siding, new windows, new flashing, all new electrical wiring, new Romulo insulations with soundproofing, fire code passed with fire shutters in the back units, new tiles in commercial space with auto-door closures and new machines/dryers and soap machines in the commercial unit.

For more details, make sure to check out the video in the property listing

 

April 11, 2018 Addy Saeed Comments Off on Transactions are down 39.5% based on year over year comparison Profitability

Transactions are down 39.5% based on year over year comparison

April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5 percent compared to a record 11,954 sales reported in March 2017 and down 17.6 percent relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4 percent decrease compared to March 2017 and a three percent decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFI mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3 percent compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

Market Watch – March 2018

November 17, 2017 Addy Saeed Comments Off on Looking for a project to work on? Listings Broadcast

Looking for a project to work on?

Here’s a building with 43 units that would be great for anyone who is looking to renovate and increase the value of your investment.  The property is being priced based on it’s current net income and has a huge upside due to the amount of money being spent in operating expenses

This property would be perfect for someone who can decrease the operating expenses and find ways of increasing rent.

Watch video of the property and other details here

November 14, 2017 Addy Saeed Comments Off on An amazing 5.76% cap rate on this downtown property Listings Broadcast

An amazing 5.76% cap rate on this downtown property

This property was originally listed for $3.8M earlier this year but has gone through a massive price drop and is now coming to the market at an amazing cap rate of 5.76% which is probably one of the best income property in the downtown area.  I have included a lot of pictures and information about the property along with the financials in the link below.

Amazing investment opportunity in downtown Toronto

We are also working on couple of other listings including a 42 unit building close to London that we can discuss as well.  Video coming soon for it.

If you would like more info, please feel free to reply to this email or contact me by calling at 877-439-2339

October 4, 2017 Addy Saeed Comments Off on Did you buy your investment property yet? Operations

Did you buy your investment property yet?

The market is starting to shift as more and more investors are looking to take advantage of the lower prices for real estate in Toronto.

We saw multiple properties last week go into multiple offers and sell for over asking.

A 4 unit building in Highpark listed for $1.3M got sold for $1.55M and another 7 unit building got a bully offer and was sold before it’s offer date.

This is contrary to what we are seeing being played out in the market.

What does this mean for you?

If you’re in the market for a property, get out there and see what’s available. There are some good deals still to be had (think $300K per unit pricing) and you should go take a look at them.

If you are in the market and need a second opinion, please reach out to me and I would be more than happy to assist you!

Happy Investing!

September 7, 2017 Addy Saeed Comments Off on Market Watch – August 2017 Operations

Market Watch – August 2017

September 6, 2017 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 6,357 home sales through TREB’s MLS® System in August 2017. This result was down by 34.8 per cent compared to August 2016.

The number of new listings entered into TREB’s MLS® System, at 11,523, was down by 6.7 per cent year-over-year and was at the lowest level for August since 2010.

“Recent reports suggest that economic conditions remain strong in the GTA. Positive economic news coupled with the slower pace of price growth we are now experiencing could prompt an improvement in the demand for ownership housing, over and above the regular seasonal bump, as we move through the fall,” continued Mr. Syrianos.

The average selling price for all home types combined was $732,292 – up by three per cent compared to August 2016. This growth was driven by the semi-detached, townhouse and condominium apartment market segments that continued to experience high single-digit or double digit year-over-year average price increases.

The MLS® Home Price Index composite benchmark, which accounts for typical home types throughout TREB’s market area, was up by 14.3 per cent year-over-year in August. The fact that MLS® HPI growth outstripped average price growth, points to fewer high-end home sales this year compared to last.

“The relationship between sales and listings in the marketplace today suggests a balanced market. If current conditions are sustained over the coming months, we would expect to see year-over-year price growth normalize slightly above the rate of inflation. However, if some buyers move from the sidelines back into the marketplace, as TREB consumer research suggests may happen, an acceleration in price growth could result if listings remain at current levels,” said Jason Mercer, TREB’s Director of Market Analysis.

Market Watch – August 2017

September 7, 2017 Addy Saeed Comments Off on What do we have for sale right now? Listings Broadcast

What do we have for sale right now?

Here are the apartment buildings and other investment properties we have for sale at the moment

If you would like to find a different property or more information or to book an appointment to view these listings, please reach out to us right away!  We love your feedback so feel free to leave your comments in the section below.

 

August 16, 2017 Addy Saeed Comments Off on What Investment Properties we have for sale right now… Listings Broadcast

What Investment Properties we have for sale right now…

Here’s a list of investment properties that we are currently working on and are available for sale…

We are working on others as well right now and can make them available upon request.  What are you looking for?

July 13, 2017 Addy Saeed Comments Off on What do we have for sale right now? Listings Broadcast

What do we have for sale right now?

Here’s a short list and links of properties we currently have for sale at the moment. We have others available that aren’t linked below and available for review

We are also working on an assembly of six 10 unit buildings and are looking for investors that want to take part in the redevelopment of the land.  If you’re interested, reach out right away!

 

 

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