Steven Maislin Broker

Steven  Maislin

Steven Maislin Broker

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Condominium Guide

With 4,355 home sold in January (6.1% increase over January 2014), and the average selling price for January 2015 up by 4.9 % year-over-year to $552,575, 2015 is shaping up to be another record year for real estate sales in Toronto.

When you think about it, it's really not a surprise given the economic factors.

  1. Immigration to the GTA continues from abroad and from other provinces.
  2. The lower Canadian dollar makes Canadian real estate even a better bargain for investors abroad.
  3. The lower dollar will stimulate tourism (leading to jobs and $$ into the economy) as Americans will holiday in Canada (20% cheaper than the USA) and Canadians will travel within Canada rather than cross the border and pay more.
  4. A lower dollar favors our exports as well as consulting and technology industries, resulting in a stronger economy.
  5. The lowering of interest rates will largely mitigate price growth this year, which means affordability will remain in check.
  6. Robust end-user demand for (well located) condominiums continues, which should result in above-inflation price growth in the high-rise segment as well.

So as you can see, I believe we are in for another boom year for real estate. As the old saying goes, "Have you bought your land yet? We are not making any more!"

The low interest rates make it a great time to upgrade your home or to buy an investment property. So if you are considering it, or know of a friend who is, I would be happy to help.

Have a great February, and keep warm!

Your friend in Real Estate

PS I am never busy for your referrals!

Steven Maislin

Real Estate News

  • GTA REALTORS® Report Monthly Resale Market Figures 20 hours 48 min old

    Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a... substantial 11.3 per cent year-over-year increase compared to February 2014.

  • GTA REALTORS® Report Commercial Market Figures 20 hours 49 min old

    Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported 553,178 square feet of industrial, commercial/retail and office space leased through the To...rontoMLS system in February 2015. This result was up by almost 38 per cent compared to February 2014.

  • Dean Gorenc of UrbanStar Group of Companies Announces Opening of New Tokyo, Japan Office 23 hours 19 min old

    CALGARY, March 4, 2015 /CNW/ - UrbanStar Capital and the UrbanStar group of companies, a Canadian real estate asset management and investment firm, have opened a new office in Tokyo, Japan, located in the prestigious business district of Hirakawa-cho, Chiyoda-ku. Plans to develop operations in Tokyo were initiated by Dean Frank Gorenc, CEO of UrbanStar, to better service and ...

HOT Properties

508 Spadina Ave, Toronto Real Estate
  • Toronto: $2,995,000
  • Type: Office

7136 Square Feet, Ground Flr 2,280 Sf, 2nd Flr 1,766 Sf, 3rd Flr 875 Sf, Sub Total: 4,921, Basement 2,215. Garage Included In Gfa. Renovated In Accordance With The Highest Standards.

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