Province Announces Funding to Help Homeowners Improve Home Energy Efficiency February 5, 2016 -- The Government of Ontario announced the creation of a new program to help Ontarians improve the energy efficiency of their homes. The province is investing $100 million from the Ontario Green Investment Fund to provide rebates for homeowners who conduct an energy audit on their property and then complete retrofits recommended by the auditor. The program will help about 37,000 homeowners conduct audits to identify energy-saving opportunities and then complete retrofits, such as replacing furnaces and water heaters and upgrading insulation. Full program details, including program start date, eligible project details and amounts, will be available in the coming months. To read more about the Government of Ontario's new program to help Ontarians improve the energy efficiency of their homes, click here
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GTA REALTORS® RELEASE MONTHLY RESALE HOUSING FIGURES TORONTO, Feb. 3, 2016 – Toronto Real Estate Board President Mark McLean announced Greater Toronto Area REALTORS® reported 4,672 residential transactions through TREB’s MLS® System in January 2016. This result represented an 8.2 per cent increase compared to January 2015. “It is clear that the handoff from 2015 to 2016 was a strong one. This is not surprising given that recent polling conducted for TREB by Ipsos suggested 12 per cent of GTA households were seriously considering the purchase of a home in 2016. Buying intentions are strong for this year as households continue to see home ownership as an affordable long-term investment,” said McLean. The MLS® Home Price Index Composite Benchmark Price for January 2015 was up by 11.2 per cent on a year-over-year basis. The average selling price over the same period was up by 14.1 per cent. The difference in the annual growth rates for the MLS® HPI and average price was largely due to a greater share of high-end detached homes sold in the regions surrounding the City of Toronto this year compared to last. The MLS® HPI removes the impact of shifts in the share of different property types sold from one year to the next. “Market conditions in January were tighter compared to a year earlier, with an annual increase in sales up against a decline in listings. This is why growth in the MLS® HPI benchmarks continued to be strong, especially for singles, semis and townhouses, where there has been a persistent lack of inventory,” said Jason Mercer, TREB’s Director of Market Analysis. TREB News Release File Attached for further information
Little Things Make A Big Difference There’s no doubt about it. A completely renovated room – especially a kitchen or bathroom – will really impress home buyers. That room will probably look brand new and very stylish. But you don’t have to do a full “tear-down-the-walls” type of renovation to upgrade the look of a room. In fact, just a few minor improvements can make a big difference. For example, upgrading wall plates is an easy and inexpensive way to add a lot more style and personality to a room. In the kitchen, installing new hardware on existing cabinets can have a dramatic impact. So, look around your house to determine where small improvements could make a big difference. Buying or Selling a home soon? Knowing the value of your home BEFORE you commit all your hard earned money along with time and energy... Just Makes Sense! Get your Free Comparable Market Analysis. Contact: Irene at Irene@SoldByIrene.ca, 416 523 3425 or complete the form on the right side of your screen.
TREB Reports Q4 Condo Market Statistics for 2015 Toronto, January 27, 2016 -- Toronto Real Estate Board President Mark McLean announced that Greater Toronto Area REALTORS® reported 5,595 condominium apartment sales through TREB’s MLS® System during the fourth quarter of 2015. This result was up by 12.6 per cent compared to the same period in 2014. Over the same period of time, the number of new condominium apartment listings entered into TREB’s MLS® System was also up, but by a substantially lower annual rate compared to sales, at 3.3 per cent. The result was tighter market conditions compared to a year earlier. "The condominium apartment segment is integral to the overall housing market in the Greater Toronto Area. Over the past decade, the trend has been to increasingly build up due to provincial land use policies. As new projects have completed, a number of investor-held units have been listed for sale on TREB’s MLS® System. These units have been absorbed quite rapidly, with enough demand relative to supply to prompt continued price growth,” said Mr. McLean. The average selling price for condominium apartments in the fourth quarter was up by 4.1 per cent year over year to $382,070. Throughout the fourth quarter, the MLS® Home Price Index (HPI) Apartment Benchmark Price was up by between four and six per cent on an annual basis. “First-time buyers account for approximately half of all buyers in the GTA and even more so in the City of Toronto. Condominium apartments represent an important entry point into home ownership for a lot of households. This is a key reason why we experienced continued growth in sales for this home type over the past year,” said Jason Mercer, TREB’s Director of Market Analysis. Full report attached:
January 20, 2016 – Greater Toronto Area REALTORS® reported 1,583 sales through TREB’s MLS® System during the first 14 days of January 2016. This result represented a 15 per cent increase compared to 1,376 sales reported during the same time frame in 2015. Annual rates of sales growth were stronger in the areas surrounding the City of Toronto for all major home types. While the number of sales increased strongly on a year-over-year basis, the number of new listings reported by TREB Members was down slightly compared to the first 14 days of 2015. This suggests that market conditions were tighter this year compared to last, with more competition between buyers in many market segments and areas in the GTA. The average selling price for the first two weeks of January 2016 was $594,969 – up 16.5 per cent compared to the average of $510,575 reported for the same period in 2015. GTA-wide, the strongest annual rate of average price growth was reported for detached houses. The double-digit annual increase reported for detached homes in the ‘905’ regions was likely the result of a compositional shift in the types of homes sold this year compared to last, with a greater share of high-end homes sold in 2016. It is also important to note that growth in the average condominium apartment price also remained robust, suggesting that there is no glut in inventory within this market segment. Full report attached:
TORONTO, January 18, 2016 – Today, The Toronto Real Estate Board launched its ground-breaking Market Year in Review & Outlook report at an event in Toronto. “After a record year for home sales in 2015, another strong year is forecast for transactions reported through TREB’s MLS® System in 2016. Between 96,500 and 105,000 home sales are expected to be reported this year. Whether we see the second best year on record or a second consecutive record year will largely depend on the direction of borrowing costs and the availability of listings, particularly in the low-rise market segments,” said Jason Mercer, TREB’s Director of Market Analysis. The report provides key insight on the current state and future of the real estate market with key statistics from a never-before-seen survey of recent and intending home buyers conducted for TREB by Ipsos Reid. Home prices will continue to trend upward in 2016. The calendar year average selling price is forecast to be between $655,000 and $665,000. For the complete report... click here or email Irene at Irene@SoldByIrene.ca and I will forward it to you. My clients already have a copy... do you?
Community Meeting – Draft City Master Plan
Join us on Thursday, February 4, 2016 from 6:30 to 9 p.m. to share your thoughts on the Draft City Master Plan for 1 Port Street East. This master plan will guide the future revitalization of the site. Date: Thursday, February 4, 2016 Time: 6:30 – 9 p.m. (presentation at 7 p.m.) Location: Clarke Memorial Hall – 161 Lakeshore Road West, Mississauga Looking forward to seeing you there! GTA REALTORS® REPORT RECORD YEAR FOR TREB MLS® HOME SALES TORONTO, January 6, 2016 – The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. Toronto Real Estate Board President Mark McLean announced that there were 4,945 sales reported in December bringing the 2015 calendar year total to 101,299 – a substantial 9.2 per cent increase compared to 2014 as a whole. Strong annual sales increases were experienced for all major home types last year. "Home ownership is a quality long-term investment that families can live in while the value increases over time. A relatively strong regional economy in the GTA coupled with low borrowing costs kept a record number of households – first-time buyers and existing homeowners alike – confident in their ability to purchase and pay for a home over the long term," said Mr. McLean. " If the market had benefitted from more listings, the 2015 sales total would have been greater. As it stands, we begin 2016 with a substantial amount of pent-up demand," continued Mr. McLean. The average selling price for 2015 as a whole was $622,217 – up 9.8 per cent compared to $566,624 in 2014. The MLS® HPI Composite Benchmark Price was up by a similar annual rate of 10 per cent in December. GTA home price growth was driven by the low-rise segments of the market, but condominium apartment price growth was generally well-above the rate of inflation as well through 2015. "TREB will release its official 2016 outlook later in January, but suffice to say that the demand for ownership housing is expected to remain very strong in 2016. Despite stricter mortgage lending guidelines and the possibility of slightly higher borrowing costs, on average, there will be many buyers who remain upbeat on the purchase of ownership housing," said Jason Mercer, TREB's Director of Market Analysis. Download the complete report for stats on average sale price, by type of home, year-over-year percentage change, etc.
Notice from: Student and Parent Councils of Port Credit Secondary School: We invite you to help welcome the Syrian refugees to our community. We are holding a clothing (new and gently used), toiletries, bedding and towel drive, the week of January 11th through January 15th, 2016. We know all donations will be very much appreciated. Please feel free to tell your friends and extended family members that all donations are welcome. In order to safely and efficiently run this Welcome Drive, we ask that you drive through the drop off area at the front of PCSS and turn right into the east parking lot where we will have many enthusiastic student volunteers, to receive your donations. They will be available from 8:15 to 8:45 am and 2:30 to 3:15, every day January 11th-15th. Thank you very much for your consideration of participation in this great PCSS Welcome to Canada initiative. Let's show these new community members how much we care. Sincerely, PCSS Student Activity Council volunteers PCSS School Council (parent) volunteers
Greater Toronto, November 25, 2015 - Demand for home ownership remains strong in the GTA, and dynamics around housing supply are impacting prices and redefining the market, said the Building Industry and Land Development Association (BILD) and the Toronto Real Estate Board (TREB) at their first ever joint briefing on the state of the GTA housing market. Through the first 10 months of 2015, there were 124,123 new and resale homes sold in the GTA. A record number of sales were reported through TREB's MLS(R) system. New home sales reported by RealNet Canada Inc. (an Altus Group Company) were consistent with the 10-year average, but the mix and type of new homes being sold as well as their prices have changed. Total new home inventory levels have remained within the normal range at 26,388 homes, but more than 81 per cent of those homes are high-rise condominiums, according to RealNet Canada Inc. (an Altus Group Company). Builder inventory of new low-rise homes, including detached, semi-detached and townhomes, was at 4,980 homes at the end of October, a near record low. As of October 31, there were 10,014 low-rise properties available for sale on TREB's MLS(R) system. There were 16,079 new and 12,773 existing lowrise homes available for sale at the end of October 2005. While the supply of low-rise homes has trended lower over the last decade, demand has remained strong, pointing to more competition between buyers and very strong price growth. The average price of a new low-rise home as of October 31, 2015 was $802,376 - more than double the average price in 2005, which was $387,369. Full report attached... please download.
Great meeting tonight! Collaborative effort to keep the "Port" in Port Credit. Great working with you Dorothy Tomiuk and Chris Hamilton of BoaterSkills.ca!
Reminder: Don't Forget to Attend the Meeting Tonight at Clarke Memorial Hall The City of Mississauga is holding a community meeting to present and discuss the results of the Business Case for a future marina at 1 Port Street East. Local residents and business owners are encouraged to attend and share their thoughts on the study results.
This work will guide the City’s Master Plan for 1 Port Street East. Pre-registration is encouraged. When Tuesday, November 24, 2015 Results and Discussion – 6:30 to 9 p.m. Presentation – 7 p.m. Where Clarke Memorial Hall 161 Lakeshore Road West Mississauga, Ontario November 19, 2015 -- REALTOR.ca promotes Member listings and the value of working with a REALTOR® to millions of consumers around the world every month. This December, REALTOR.ca will introduce one of its most significant features, REALTOR.ca accounts.
REALTOR.ca account benefits include: Access your Favourites from anywhere Account users will be able to see their favourite listings from any browser they have signed in to REALTOR.ca from. Add Notes to listings to remember the things you love most Account users will have an option to add notes to listings and the ability to share their notes with family, friends and REALTORS®. Recipients will see the notes when they are signed in to their REALTOR.ca account. Save time with saved searches Increasing the number of saved searches from 5 to 50 allows signed-in users to spend less time entering search criteria and more time interacting with REALTOR® profiles and listings. Personalized experience Map or Gallery view? Metric or imperial measurements? Each signed-in user will be able to personalize their experience to make it work for them, so they can focus on what matters most – REALTORS® and their listings. What you need to know:
November 17, 2015 – Toronto Real Estate Board Members reported 3,616 sales through the TREB MLS® System during the first 14 days of November 2015. This result represented a 9.4 per cent increase compared to November 2014. Year-over-year sales growth was strong for all major market segments, with the annual rate of sales growth strongest for semi-detached houses in the TREB market area as a whole. The number of new listings entered into the TREB MLS® System by Members was also up compared to 2014, but by a lesser annual rate than sales. This suggests that market conditions remained quite tight, with inventory levels remaining low, especially for low-rise home types like detached and semi-detached houses and townhouses. Growth in the overall average price for the TREB market area over the past year remained strong, with the average for the first two weeks of November amounting to $635,440. This result represented a 9.5 per cent increase over the average price reported for the first two weeks of November 2014. Broken down by home type and geography, the strongest price growth in the City of Toronto and the surrounding regions was reported for single-detached houses. While tight market conditions and the resulting competition between buyers certainly played a key role in price growth, it is important to remember that changes in average prices can also be influenced by the mix of homes sold from one period to the next.
Future Marina at 1 Port Street to be discussed - Nov 24 at 6:30pm The City of Mississauga is holding a community meeting to present and discuss the results of the Business Case for a future marina at 1 Port Street East. Local residents and business owners are encouraged to attend and share their thoughts on the study results.
This work will guide the City’s Master Plan for 1 Port Street East. Pre-registration is encouraged. When Tuesday, November 24, 2015 Results and Discussion – 6:30 to 9 p.m. Presentation – 7 p.m. Where Clarke Memorial Hall 161 Lakeshore Road West Mississauga, Ontario To register, or for more information visit inspirationportcredit.com As a follow-up to this meeting, a two-day community workshop to help finalize the City’s Master Plan for 1 Port Street East will take place on December 2 and 3, 2015 at Clarke Memorial Hall. The route on the left, 1c, is the proposed new route down to the Lake to start construction on the Lakeview Waterfront Connection Project.
Here is what the waterfront will look like once complete. A 4.5 metre wide trail will continue from Marie Curtis Park westward. On the west side of the subject area there will be a bridge over the gap which will connect this area to Inspiration Lakeview and through to Lakefront Promenade Park. Our Waterfront area will be spectacular!
Want to know what is happening with our beautiful Lakeview Waterfront? Attend the Open house and Public Meeting on November 16, 2015
Realtor.ca is rolling out a Transit Score feature. 59% of surveyed consumers thought it valuable information when house hunting.
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AuthorIrene Owchar is a Mississauga Realtor: "I grew up in Missy, lovin' raising my kids and working in this beautiful City." CONTENT RICH NEWSLETTERS WITH CURRENT MARKET TRENDSSign up here: Irene@SoldByIrene.ca or call/text 416 523 3425
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December 2018
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Irene Owchar, Sales Representative, Remax Realty Enterprises
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Copyright 2014 | Irene Owchar
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