Steven Maislin Broker

Steven Maislin Broker

Office:
416-782-8882
Mobile:
416-518-7701
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Condominium Guide
January, 2016

Dear Friend,

Toronto Real Estate Board members sold 4,945 homes in December, bringing the 2015 calendar year total to 101,299. This 9.2 % increase over 2014's 92,782 sales, marked 2015 as the best year in the history of the Board. The average selling price for 2015 as a whole was $622,217 - up 9.8 % compared to $566,624 in 2014.

City of Toronto Average price     $659,270

Aurora Average price                  $746,715

King Average price                     $1,006,701

Markham Average price              $803,357

Newmarket Average price           $618,498

Richmond Hill Average price       $886,773

Vaughan Average price               $797,377

Stouffville Average price              $789,730

Pickering Average price               $530,413

Whitby Average price                   $488,304

The outlook for 2016 appears to be more of the same if not better! We have several factors occurring that will impact the market. First is the weak Canadian dollar. That has two immediate consequences. One, investors from around the world can buy Canadian real estate at 30% off. (Real estate sales in the USA are slowing down as foreign investors are not buying due to the strong US dollar.) Two, American companies are now buying Canadian, whether its goods or holidays or consultants as its 30% cheaper! Secondly, with worldwide humanitarian crises continuing and Canada accepting more refugees, demand for housing will increase tremendously!

All in all, a strong real estate market with increased demand, low interest rates and people who can afford the mortgage payments. A sure fire recipe for increasing prices.

Have you bought your land yet, we are not making any more! If you have questions about how to invest in real estate, give me a call, I would love to help you create a great investment/retirement strategy.

Have a great 2016!

Your Friend in Real Estate

Steven Maislin, R.E.B.B., I.R.E.S.

Broker
Direct: 416-410-6000
1-800-567-LIST (5478)
Text/Cell: 416-518-7701
Office: 416-782-8882
Twitter: @stevenmaislin

 

 


RE/MAX Realtron Realty Inc., Brokerage
2815 Bathurst St., Toronto, ON M6B 3A4, Canada

 

 

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HOT Properties

143 Cedric Ave,  C3394900, Toronto,  Detached,  for sale, , Steven Maislin, RE/MAX Realtron Realty Inc, Brokerage *

Fabulous Triplex On Quiet Street In Hot Humewood Neighborhood. Home Is Larger Than It Appears. Three Completely Separate Units. 1X1 Bedroom On Main, 1X2 Bedroom On Upper And 1X2 Bedroom In Basement. Large Units With Long Standing Tenants. Easy To Rent. Landlord Pays Utilities. Desirable Neighborhood Is Easy To Access By Transit, Shopping , Restaurants, Schools And Parks, All Withing Steps. Great Cap Rate And Good Upside

View 143 Cedric Ave
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