RE/MAX Housing Market Update

The latest RE/MAX Housing Market Update for the GTA has just arrived, and it shows some interesting trends.  Highlights include:

  • 17% Residential Price Increase year-over-year
  • $725,857 Average residential sale price
  • 2% Condo Price increase year-over-year
  • Strong growth around GTA: Oakville up 25%, Durham Region up 19%, Mississauga up 14%

You can download the full RE/MAX Housing Report here.

2016 RE/MAX Housing Report - Greater Toronto Area

2016 RE/MAX Housing Report - Greater Toronto Area

New Listings, New Solds!

The market is still going strong around the GTA, and we continue to see positive price increases in virtually all areas and property types.

28 Barlow Road, Unionville - SOLD!

28 Barlow Road, Unionville - SOLD!

32 Edward Roberts Drive, Markham - $1,380,000

32 Edward Roberts Drive, Markham - $1,380,000

We're excited to announce the sale of 28 Barlow Road, Unionville, and also the launch of our newest listing - 32 Edward Roberts Drive, Markham!

43 Harper's Croft, Unionville

New on the market this week - 43 Harper's Croft, Unionville!  This is a fantastic opportunity to live in the heart of Unionville, only steps to Main Street, Library and Art Galleries.  Built to Monarch's exacting standards, this beautiful 4 bedroom home features a fully finished basement, recently renovated Chef's kitchen, large bright bedrooms, and much more.  Check out http://www.43harpersCroft.com for more details.

Open House Sunday October 16th, 2-4pm

 

SOLD OVER ASKING! 

Mary Anne Macdonald

It is with great sadness that we announce the passing of our beloved Wife, Mom, and Nana, peacefully at Markham Stouffville Hospital, with her family by her side on Monday October 10th, 2016.   Beloved wife of David, dear Mother of Brad (Kelly) and Candice (Andrew).  Loving Nana of per pride and joys - Sarah, James and Madison.  Many of you know Mary Anne for her bright red hair, and others for her wonderful smile, but what everyone will remember most is her big heart. Always there for anyone in need!  Mary Anne's smile will live on forever through all of us.  Same smile... different place!

Please join us for a Celebration of her Life - to be held at York Downs Golf and Country Club (4134 16th Avenue, Unionville Ontario L3R 0P1) on Monday October 17th, 2016, beginning at 2:00 pm.   

Condolences and thoughts can also be left at the Dixon Garland website. - www.dixongarland.com 

Swan Lake and Bridle Trail - New Listings

Check out our new-listings page for details on a couple of exciting new listings in the Markham Area.  The very sought-after Swan Lake gated community, and Unionville's Bridle Trail!   20 Belle Terre Way in Swan Lake is a rarely-available two-storey townhouse in the heart of the community.  With over 1624 sq.ft. of living space, this is an incredible opportunity.  32 Library Lane in Unionville, is a gorgeous 3-story, 3750 sq.ft. home steps from Main Street and the Unionville Community Library!

20 Belle Terre Way, Markham - Swan Lake

32 Library Lane, Unionville - Bridle Trail

Vancouver's Pricing Dilemma

There has been plenty of media attention to the housing market in and around Vancouver, BC of late.  With the skyrocketing prices, seemingly driven by foreign buyers, many local residents have been looking for government intervention to curb interest.  From a more national perspective, people have been discussing how the new 'foreign buyer tax' in Vancouver may slow down our market growth -- while we feel it may do exactly the opposite!  In fact, I expect to see an uptick in the volume and pricing in the Toronto area and the surrounding GTA/York Region.  Foreign investment is at an all-time high.  They want to invest here.  They want to move here.  If it simply costs more to move to Vancouver, then why not spend less and come to Toronto.  I think we will very quickly see the outcome of their taxing providing a result that they simply aren't expecting.

Besides, look at the incredible number of loopholes for a foreign buyer who is set on purchasing.

“As a Canadian or permanent resident, I could set up a company and fully capitalize it with foreign money and there’s nothing stopping me from buying up as many properties as I wish without paying any of this tax,” Eby said in an interview.
— CBC.ca

See this article from the CBC on the new Realty tax on foreign buyers.

Just Leased - 144 Treegrove Circle, Aurora

Aurora has quickly become a highly-desired area for families both new to the area, and ones that have grown up around York Region.  We're seeing continued demand for the becoming-unique larger lot sizes that are available, and the interesting mix of both new and older homes.  

We've just leased this lovely home on 144 Treegrove Circle, Aurora - congratulations to the lovely family moving into this wonderful neighbourhood!

71 Longwater Chase, Unionville

Just released to MLS!  This is a fabulous Monarch-built family home in the heart of the Bridle Trail.  Steps to schools and a short walk to Main Street, this home is ideally situated in town.  Upgraded from top to bottom, including an open concept kitchen with all-new appliances, this home must be seen!  Visit www.71LongwaterChase.com for more details on this listing.  Asking $1,339,000

I'm Sold!