Be one of the first to own a phenomenal commercial investment at Centro Square by attending this weekends one day only private sales event.
WHEN: Saturday, October 19th from 12:30 – 2:30 pm
WHERE: 7777 Weston Road, Vaughan, On (Sales Centre)
647 – 267 – 1967
Charisma Condos at Vaughan Mills is coming in 2014 to Jane and Rutherford in the City of Vaughan. Don’t wait last minute to get on the list and be the first to purchase at this spectacular new community. Due to our one of a kind relationship with the developer; Greenpark Homes, we are able to offer access to this project prior to the entire platinum broker community, general brokers and public. Register or call today to get on the Charisma Condos Guaranteed First Access List and find out more exclusive information regarding the development.
647 – 267 – 1967
The main reason investors keep paying these high prices is because 95 percent of them acquire properties without doing any financial analysis to determine whether the property will actually produce decent investment returns. Instead, they hope that a property will go up in value, they’ll sell it and make a bundle.
As an example, let’s say an investor buys a $125,000 house by investing cash equity of $40,000 (25 percent down payment plus closing costs and rehabilitation costs) that generates rental income of $1,200 per month. The mortgage plus other operating expenses total $1,015 per month. So the rent less all the expenses leaves $185 of positive monthly income, or $2,220 per year. If we divide this $2,220 annual cash flow by the $40,000 initial cash investment, it calculates to a cash-on-cash return of 5.55 percent — a pretty fair deal on a decent real estate investment.
Only about half of the properties in a general marketplace would generate positive cash flows and a decent, actual return such as 5.55 percent. In actuality, real estate investing is much more complicated than just penciling out your cash-on-cash return, but that analysis is a good start.
And with that nice positive cash flow, you also will get some extra return yield as a result of the amortization of your mortgage. Plus you probably will get some tax benefits and possibly some appreciation in value too.
Cash flow is king, and if you buy positive cash flow properties, you will feel like royalty each month as your bank account balance builds up and you earn wealth over the years!
Take advantage of NewCondoMart’s relationship with Pace and Empire Developments and receive V.I.P. access to view and purchase at Villagio Living in Maple. Villagio offers a collection of 55 Urban Condominium Residences coupled with 8 Townhomes starting from ONLY $199,000. Surround yourself with contemporary finishes and streamlined architecture. At Villagio in Maple, your lifestyle embraces an urban vibe in an uptown setting. It’s not just a community. It’s the attitude of those who always expect more. Enjoy a preview of what is to come of Villagio below:
Nautica is located in the popular and established Oakville community of Lakeshore Woods. Enjoy the exclusivity of one of Canada’s most prosperous towns, featuring fine dining, exquisite boutiques, quality schools, challenging golf courses and of course the waterfront only minutes away. The QEW puts the entire GTA conveniently at your fingertips. Take advantage of this incredible opportunity to live in Oakville from the $500,000′s. Register Today For First Access & Incentives Prior To The Public Release!
By: Andrew J. Mizzoni
With the recent news of Toronto’s housing prices clinching its highest to date in May 2013 (an increase of 5.4%) it has a lot of people wondering how long can this sizzling real estate market last? To help answer this question I would like to shed light on author J. McCullough‘s philosophy in his most famous works titles “Golf in the Year 2000″. Written in 1892, this novel predicts the advancements of golf more than 100 years later in the year 2000. Fascinating enough modern readers would amazed at many of the startling accurate predictions made in the novel which apply to the game of golf today. Applying this same principle to real estate prices, I’ve forecast real estate prices in Toronto in the year 2050, using past statistics. As the famous phrase states “the past repeats itself”.
According to TorontoMLS Historic Statistics nearly 50 years ago in 1967:
The average home price was $24,078
The amount of sales recorded that year was 12,432
The minimum hourly wage in Ontario during was $1.00 / hour.
Fast forward to 2012’s statistics:
The average home price recorded is $497,301
The amount of sales recorded are 85,585
The current minimum hourly wage is $10.25 / hour
If the past were to repeat itself at the same rate of multiplication from 1967 to 2012 the next 45 years from 2012 to 2057 will look something like this:
Average Price of Homes: 20.65 times higher = $10,271,131
Amount of home sales annually: 6.88 times higher = 589,188 sales
Minimum Hourly Wage: 10.25 times higher = $105 / hour
Hopefully these numbers haven’t made you fall off your chair as they may seem outrageous at first glance. but if the past looks anything like the future these figures may not be so ludicrous after all. So, the next time your contemplating a real estate purchase, keep these numbers in mind and things should pan out greatly for you. Studies show that the real estate industry among all industries has produced the largest number of millionaires, and if you play your cards tight you could be the next one!
ROMA LUCIW - The Globe and Mail
Undeterred by record-high housing prices and bolstered by low borrowing costs, nearly half of Canadian home owners plan to buy a property in the next five years, although intentions vary sharply from city to city, a poll released Wednesday has found.
According to a Bank of Montreal survey, 45 per cent of Canadian home owners surveyed this spring are looking to buy a place in the next five years, a level that did not change from the fall of 2012. The percentage of home owners planning to buy in the next year also remained stable, edging 1 per cent higher to 7 per cent.
Canadians in Calgary were least eager to buy, with intentions there dropping by 13 points from the fall of 2012 while those in Atlantic Canada were the most eager, with buying intentions rising 15 points. Intent to buy among home owners in Vancouver climbed by 5 points and in Toronto by 2 points.
Bank of Montreal economist Sal Guatieri attributed the perception of improved affordability to rising incomes. “Job growth has been decent in the last year, so income has been rising,” he said in an interview. In addition, he noted that the runup in house prices is slowing.
“In Calgary, house prices have picked up… because people are moving to that city and taking advantage of the oil sands,” he said. “Valuation is pretty good in Calgary,” he added, where house prices have gone through a correction after peaking in 2007.
However, Mr. Guatieri said that in the detached home markets in Vancouver and Toronto, affordability remains an issue and high prices are forcing buyers into the condo market. Prices in Vancouver have dipped recently, he said, but for most people it is still “very pricey” to buy something in that city.
House prices hit an average national record high of $380,588 in April, according to the latest data from the Canadian Real Estate Association.
Despite fears of a major slowdown similar to the one that triggered a recession in the United States, there are signs that Canada’s housing market is headed for a soft landing. Sales this spring are forecast to edge higher, putting an end to years of frenetic activity and huge price gains.
“The housing market in most regions is still very affordable, because of low interest rates – that is why people are still buying,” Mr. Guatieri said. “Going forward, we expect prices to stabilize. And of course cities that are richly priced, they are vulnerable to price corrections.”
John Andrew, a real estate professor at Queen’s University in Kingston, Ont., said the high cost of real estate transactions make it unlikely that nearly half of all Canadian home owners will make a move in the next five years.
“A lot of people do not realize how high the fixed costs of moving really are,” he said. Once you factor in real estate commission fees, lawyer costs, land transfer taxes as well as the cost of the actual move, it adds up to a “staggering number.”
And although interest rates are still low, they might not be five years from now, Prof. Andrew added.
The online interviews of 1,008 Canadian home owners conducted by Pollara for BMO in February asked them about intentions to do with buying or selling their primary or secondary properties, price expectations, and mortgage affordability.
Here are some of the findings: 16 per cent of those polled plan to buy a larger home as their primary residence while 21 per cent plan to buy a smaller home; 15 per cent plan to move within their current neighbourhood while 12 per cent intend to move to a more expensive one and 7 per cent to a less expensive one; 10 per cent plan to buy a recreation property like a cottage; 10 per cent plan to buy an income property to rent to tenants and 6 per cent intend to buy an investment property to flip.
Lastly, 10 per cent of home owners plan to sell their home and move to a rental property, retirement community or in with family, according to the poll.
Among those surveyed, 7 per cent expect house prices will fall over the next year, 32 per cent said they will stay the same and 53 per cent said they expect them to rise. The remainder said they did not know.
The BMO survey also asked home owners if they have cut back their spending or dipped into their savings to make their monthly mortgage payments. It found that the number of people who needed to do so has fallen 10 points from last fall to 45 per cent this spring.
Coming Soon To Southern Guelph
V.I.P. Sales Event
With living accommodations becoming increasingly more important and representational of status and individual style, the trend to choose more elite living arrangements is becoming ever more prevalent. Having 0% vacancy on three bedroom suites, South Guelph has quickly the most coveted rental area. Solstice provides the perfect opportunity for new and savvy investors. With competitive pricing, superior suite layouts and ideal proximity to campus and public transportation, this location is certain to be a choice address for condo conscious students, and certain to offer lucrative returns.
We make the decision to invest an easy one. Not only do we offer an enticing return on investment opportunity, but now entering into the Guelph rental market is a stress free one. Teaming with city-savvy Guelph pads, we at Solstice have tailored a complete leasing guarantee and property management package. Opting into this option provides you a simple avenue to start investing without the hassle of leasing and tenant management and upkeep concerns. Your investment in Solstice Condos just got easier. Sit back and relax while we protect your investment and increase your financial returns through hassle – free professional leasing and property management. Take a quick look at the guaranteed results of the three different models at Solstice:
Top Reasons To Purchase At Solstice Condos Include:
- Easy and affordable entry into the rental housing market for investors
- A 12 month rental guarantee with Free professional leasing and property management services
- Minutes to the University of Guelph, one of Canada’s best universities with growing student population
- Located on express bus routes to and from campus and a GO bus stop near the entrance
- Stable real estate market with extremely low vacancy and rising property values.
- First building in Guelph to feature an ensuite in EVERY bedroom.
- Once in a lifetime location backing onto acres of conservation lands with stunning views.
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- Contemporary design with durable luxurious finishes for lasting value.
- Parking space included in the purchase price
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All V.I.P. Registrants Will receive:
- Before The Public Access
- The Best prices
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- No Lineups
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647 – 267 – 1967!
By: Mary Boone – Zillow Blogs
Granite is great. No one is denying that.
Its use in residential applications has skyrocketed in recent years. A 2012 survey conducted by Harris Interactive on behalf of The Marble Institute, found that 75 percent of homeowners who intend to remodel their kitchens in the next two years indicated they want granite countertops.
Granite’s durability, longevity and good looks make it ideal for kitchen countertops and other heavily used surfaces, including table tops and floors. Still, it’s expensive (typically $60 to $100 per square foot installed), it’s extraordinarily heavy (requiring reinforcement of base cabinets) and requires considerable upkeep.
Beyond granite, there are a multitude of countertop options available and their number just increases over time. If you’re in the market for a kitchen makeover, you may find one of these great, non-granite surfaces is just what you need:
Marble is softer than granite, which means it stains and scratches. “But it creates its own patina when it does that,” says Alan Zielinski, immediate past president of the National Kitchen and Bath Association (NKBA) and president and CEO of Better Kitchens Inc. in north-suburban Chicago. “That aging process gives the marble a nice, warm look. That warmth appeals to some people – if you’re not one of them, you probably should avoid marble.”
Wood countertops are enjoying a resurgence in popularity, largely due to their durability and style. Adding a wood top to an island, while using a contrasting material for perimeter counters is a great way to add interest to the kitchen.
Butcher block is the most common type of wood countertop, but slabs can be crafted from a variety of woods, ranging from cherry and bamboo to zebra wood and iroko. Wear will give wood counters a charming patina, but you’ll need to periodically oil them to prevent drying.
Soapstone is a smooth, matte natural stone that comes in a hues ranging from soft grey to charcoal. It is one of the only natural surfaces that is not affected by acids, so spilled coffee or orange juice won’t leave a stain. Soapstone is also heat resistant.
No special cleaners are needed to keep soapstone clean but mineral oils can be used to enhance the stone’s natural beauty.
Although some quartz countertops are actually made of quarried slabs of stone, the new engineered material is created through a manufacturing process that mixes approximately 95 percent ground natural quartz with 5 percent polymer resins. The result is a super-hard, low-maintenance, natural looking countertop that’s available in a wide range of colors.
“Because quartz is a composite material, it brings with it both the practicality of natural stone and the consistency of a manufactured product,” says Zielinski. “It’s resistant to scratching, but it can be scratched and it’s resistant to heat, but you don’t want to set a hot frying pan on it.”
New colorizing and stain techniques have made concrete counters more popular than ever. Skilled craftsmen can create beautiful concrete countertops in any color, shape and size. Embedded stones, tile or even silicone chips can be added to the mix to create a piece of art. The result is a beautiful counter that’s durable as well as scratch- and heat resistant.
The counters, which can be extremely heavy, are susceptible to damage from acidic liquids and must be sealed and regularly maintained to resist stains.
Glass countertops can endure high heat without cracking or scorching, they won’t stain and they’re non-porous, which makes them very hygienic. “I really like glass because it’s so versatile,” says Zielinkski. “You can laminate three pieces together and use a crackled surface or other art layer between the top and bottom. They can be painted on the back, or lit. They’re very high-end and very versatile.”
Glass counter tops are typically three-quarters to one-and-a-quarter inches thick. Glass is tempered; polished square edge finishing or edge banding is generally recommended. Under-mount sinks are not recommended due to the transparent nature of glass.
Stainless steel countertops can be found in any style of kitchen, from contemporary to traditional, because they complement many of today’s appliances. Stainless steel is stain- and heat-resistant but it can be scratched or dented. Of course, steel isn’t the only metal countertop material on the market. You might also consider copper, pewter or zinc.
Solid-surface countertops can look like natural stone but they’re generally less expensive and require less maintenance.
“Another big advantage,” says Zielinski, “is that solid surface counters can be created with virtually no seams. That can be a plus not only in terms of appearance, but it also makes cleaning much easier.” These counters are heat- and moisture-resistant and easy to clean. They can, however, be scorched and scratched.