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Archive for December, 2010

SOLD Cabbagetown Commercial / 4 Units … Check out this terrific investment opportunity

In the heart of Cabbagetown amidst the renewal of numerous commercial properties is a turnkey investment property with a very good location & Cap Rate. See all the details at http://www.438Parliament.com 

Zoned Retail Commercial with Residential above. Four very good tenants with an opportunity for the new owner to access one or two units and or keep the existing tenants. Financials available, Building Inspection done by Carson, Dunlop, Boulevard Inspectors.

Call me at 416-931-4161

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TREB Housing Stats / November Sales Strong

December 3, 2010 — Greater Toronto REALTORS reported 6,510 existing home sales in November – down 13 per cent from 7,446 sales in November 2009. New listings were also down 13 per cent annually to 8,642.
On a month-over-month basis, the seasonally adjusted annual rate of sales increased for the fourth straight month to 88,100. This rate was substantially higher than the July low of 67,900.
“The GTA resale market has tightened since the summer. Healthy market conditions continued to support growth in the average selling price,” said Toronto Real Estate Board President Bill Johnston.
“Sales through the first 11 months of the year were down only marginally compared to the same period in 2009. We remain on track for one of the best years on record under the current TREB market area,” continued Johnston.
The average selling price for November transactions was $438,030 – up five per cent compared to November 2009.
“The average selling price in the GTA is affordable. A household earning the average income can comfortably cover the mortgage payments on an average priced home. Expect the average selling price to grow at a moderate pace over the next year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
Median Price In November, the median price was $366,000, from the $353,800 recorded during November of 2009.

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