New Condo development by Block Developments located at Dufferin St & Queen St W, Toronto.
Est. Occupancy: December 2022
Minutes to walk to the 301 & 501 Streetcar for travelling to work, play, entertainment or simply exploring all the city has to offer. Steps to Liberty Village, King West. Close to BMO Field, Exhibition Place, Lake Ontario, Forty York, the CNE and so much more! Close proximity to Gardiner Expressway. Minutes away to Trinity Bellwoods Park.
Amenities:
Barbeques, Catering Kitchen, Executive Concierge in Lobby, Fitness Center with Cardio & Weight Equipment, Lounge Areas with Fire pit, Dining & Meeting Room, Eco Friendly Green Roofs, Sunbathing, Designer Decorated Party Room with Full Kitchen, Pet Spa, Security Cameras, Rooftop Terrace Lounge
Prices Start from $1,334,900 - $1,745,900
957 sq ft to 1444 sq ft
Ceiling Height: 9" - 10"
Deposit Notes: 10%
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
.
Est. Occupancy: December 2022
Minutes to walk to the 301 & 501 Streetcar for travelling to work, play, entertainment or simply exploring all the city has to offer. Steps to Liberty Village, King West. Close to BMO Field, Exhibition Place, Lake Ontario, Forty York, the CNE and so much more! Close proximity to Gardiner Expressway. Minutes away to Trinity Bellwoods Park.
Amenities:
Barbeques, Catering Kitchen, Executive Concierge in Lobby, Fitness Center with Cardio & Weight Equipment, Lounge Areas with Fire pit, Dining & Meeting Room, Eco Friendly Green Roofs, Sunbathing, Designer Decorated Party Room with Full Kitchen, Pet Spa, Security Cameras, Rooftop Terrace Lounge
Prices Start from $1,334,900 - $1,745,900
957 sq ft to 1444 sq ft
Ceiling Height: 9" - 10"
Deposit Notes: 10%
For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
.
▪️برای غلبه بر مشکل مسکن در سراسر کانادا، تا سال 2030 می بایست حدود 5.8 میلیون خانه در کانادا ساخته شود. چنانچه روند فعلی ساخت و ساز خانه های جدید ادامه یابد، انتظار می رود تا سال 2030 حدود 2.3 میلیون واحد ساخته می شود، اما برای حل مشکل مسکن و ایجاد قدرت خرید در مردم، 3.5 میلیون خانه دیگر نیز می بایست ساخته شود. بهتر شدن شرایط بازار مسکن و حل کمبود نیروی کار در بخش ساخت و ساز می تواند موجب شود تا در سال 2030 تعداد خانه های ساخته شده در کانادا به بیش از 22 میلیون خانه برسد.
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Canadians Are Buying Homes In “Least Affordable Market in a Generation”
There’s no disputing the fact that housing markets all across Canada have seen wildly unaffordable price jumps over the past two years, leaving many Canadians putting their dreams of homeownership on hold. In fact, according to a new report from RBC Economics, Canadians are now faced with the prospect of buying homes in “the least affordable market in a generation.”
During the first quarter of 2022, RBC’s aggregate affordability measure for Canada soared 3.7 percentage points to 54% — the worst level of affordability seen since the early 1990s.
“Ownership costs rose in every market we track, though the degree of pain felt by buyers varies dramatically across the country,” RBC Senior Economist Robert Hogue wrote in the report.
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There’s no disputing the fact that housing markets all across Canada have seen wildly unaffordable price jumps over the past two years, leaving many Canadians putting their dreams of homeownership on hold. In fact, according to a new report from RBC Economics, Canadians are now faced with the prospect of buying homes in “the least affordable market in a generation.”
During the first quarter of 2022, RBC’s aggregate affordability measure for Canada soared 3.7 percentage points to 54% — the worst level of affordability seen since the early 1990s.
“Ownership costs rose in every market we track, though the degree of pain felt by buyers varies dramatically across the country,” RBC Senior Economist Robert Hogue wrote in the report.
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As to be expected, affordability is worst in Canada’s largest markets, with the situation in Vancouver, Toronto, and Victoria reaching extremes, the report says. Parts of southern Ontario, as well as BC’s Lower Mainland, are also out of reach for many buyers.
Recently implemented Bank of Canada interest rate hikes are causing changes to Canadians’ financial situations nation-wide, but not every Canadian is being hit equally. Buyers in the country’s priciest markets are facing the steepest increases to their monthly mortgage bills.
“For instance, a 1 percentage-point rate increase raises mortgage payments by more than $600 per month in Vancouver, $554 in Toronto, and $481 in Victoria, based on typical home prices in the first quarter (valued at $1.4 million, $1.3 million and $1.1 million, respectively),” the report reads. “These figures far exceed the $360 a month average rise in mortgage rates in Canada. St. John’s, Regina and other more modestly-priced markets are considerably less sensitive, with increases ranging from $125 to $160 a month.”
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Recently implemented Bank of Canada interest rate hikes are causing changes to Canadians’ financial situations nation-wide, but not every Canadian is being hit equally. Buyers in the country’s priciest markets are facing the steepest increases to their monthly mortgage bills.
“For instance, a 1 percentage-point rate increase raises mortgage payments by more than $600 per month in Vancouver, $554 in Toronto, and $481 in Victoria, based on typical home prices in the first quarter (valued at $1.4 million, $1.3 million and $1.1 million, respectively),” the report reads. “These figures far exceed the $360 a month average rise in mortgage rates in Canada. St. John’s, Regina and other more modestly-priced markets are considerably less sensitive, with increases ranging from $125 to $160 a month.”
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What Balancing Housing Markets in Ontario Mean for Homebuyers
As heightened interest rates lead to less demand and as a result decreased home prices, by default an evening playing field arises. Those eager to take advantage of the shifting real estate market should take all its moving parts into account before they pounce.
According to Brian Diehl, a REALTOR® with FairSquare Group Realty, despite housing prices rising significantly during the COVID-19 pandemic, currently there is less competition for the precious little housing stock in Ontario’s urban areas — notably the Greater Toronto Area.
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As heightened interest rates lead to less demand and as a result decreased home prices, by default an evening playing field arises. Those eager to take advantage of the shifting real estate market should take all its moving parts into account before they pounce.
According to Brian Diehl, a REALTOR® with FairSquare Group Realty, despite housing prices rising significantly during the COVID-19 pandemic, currently there is less competition for the precious little housing stock in Ontario’s urban areas — notably the Greater Toronto Area.
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First, Consider Your Timing
“There really is no right or wrong time to enter the market, however, conditions right now show a more balanced market in Ontario, with less competition and longer average days on the market, affording buyers more choices at somewhat better prices than before,” he said.
Hot on the heels of the Bank of Canada’s most recent rate hike, Ontarians are currently living out the unknowns predicted by many a couple short months ago. Now, some buyers – particularly those who have some freedom in their monthly finances – are reaping the benefits of quick shifts. But that’s a tricky part of this equation: not all would-be buyers have such freedom.
Next, Consider Your Finances
The reason for balancing market conditions is a confluence of higher consumer prices, as measured by inflation, which just hit 6.8%, for everything from groceries to gasoline, and rising interest rates. The Bank of Canada’s 50-basis-point hike on June 1 brought the bank’s Overnight Lending Rate to 1.5%, and with additional increases coming through 2023, homebuyers are consequently feeling the squeeze.
Further, according to Diehl, with the mortgage stress test—which qualifies new borrowers at either 5.25% or 2% above the contract rate, whichever is higher—still a major factor, homebuyers might have some hurdles to overcome yet.
“With the mortgage stress test still in play, prospective buyers are pre-qualified at a higher mortgage rate anyway, so if rates continue climbing, buyers may qualify for less financing at a time when real estate market pricing seems to have peaked, and average selling prices are coming down month-over-month,” Diehl said.
That could also determine whether or not homebuyers still opt for variable-rate mortgages over fixed terms, because while the former are cheaper than the latter, things could change on a dime, especially in light of the central bank’s rate hiking campaign.
“My personal opinion is it depends on people’s comfort levels,” Diehl said. “Fixed rates allow customers the satisfaction of knowing what their monthly payments will be for the entirety of the mortgage term, while variable rates can save consumers money, but rates need to be monitored regularly in a volatile and uncertain climate like we are in now.”
Now, Consider Your Location
The pandemic-long trend of moving to exurban and rural parts of the province also provides homebuyers their surest bets to becoming homeowners — and with housing starts on the rise, this is true now more than ever, Diehl added.
But that doesn’t mean Canada’s largest metropolitan area isn’t replete with affordable options. Toronto, and the GTA at large, offer plenty of points of access for first-time buyers; they simply tend to come with a smaller square-footage than what will be found in Ontario’s more rural regions.
When deciding whether and what to buy, lifestyle preferences including choice of neighbourhood, number of nearby schools, access to transportation, and day-to-day space requirements should all be top of mind. Those who crave the city’s buzz may be wise to seek a condo as their entry-point into the market. If space is the greatest priority, rural properties await.
Finally, Consider The Value of Breaking Into the Market
“Once a buyer becomes an owner, they start to build equity in their home,” Diehl said. “Equity over time will allow homeowners to move up within market conditions, regardless of whether prices rise or fall. If you sell for more, you should expect to pay more and, conversely, if you have to sell for less you should expect to pay less.”
.
“There really is no right or wrong time to enter the market, however, conditions right now show a more balanced market in Ontario, with less competition and longer average days on the market, affording buyers more choices at somewhat better prices than before,” he said.
Hot on the heels of the Bank of Canada’s most recent rate hike, Ontarians are currently living out the unknowns predicted by many a couple short months ago. Now, some buyers – particularly those who have some freedom in their monthly finances – are reaping the benefits of quick shifts. But that’s a tricky part of this equation: not all would-be buyers have such freedom.
Next, Consider Your Finances
The reason for balancing market conditions is a confluence of higher consumer prices, as measured by inflation, which just hit 6.8%, for everything from groceries to gasoline, and rising interest rates. The Bank of Canada’s 50-basis-point hike on June 1 brought the bank’s Overnight Lending Rate to 1.5%, and with additional increases coming through 2023, homebuyers are consequently feeling the squeeze.
Further, according to Diehl, with the mortgage stress test—which qualifies new borrowers at either 5.25% or 2% above the contract rate, whichever is higher—still a major factor, homebuyers might have some hurdles to overcome yet.
“With the mortgage stress test still in play, prospective buyers are pre-qualified at a higher mortgage rate anyway, so if rates continue climbing, buyers may qualify for less financing at a time when real estate market pricing seems to have peaked, and average selling prices are coming down month-over-month,” Diehl said.
That could also determine whether or not homebuyers still opt for variable-rate mortgages over fixed terms, because while the former are cheaper than the latter, things could change on a dime, especially in light of the central bank’s rate hiking campaign.
“My personal opinion is it depends on people’s comfort levels,” Diehl said. “Fixed rates allow customers the satisfaction of knowing what their monthly payments will be for the entirety of the mortgage term, while variable rates can save consumers money, but rates need to be monitored regularly in a volatile and uncertain climate like we are in now.”
Now, Consider Your Location
The pandemic-long trend of moving to exurban and rural parts of the province also provides homebuyers their surest bets to becoming homeowners — and with housing starts on the rise, this is true now more than ever, Diehl added.
But that doesn’t mean Canada’s largest metropolitan area isn’t replete with affordable options. Toronto, and the GTA at large, offer plenty of points of access for first-time buyers; they simply tend to come with a smaller square-footage than what will be found in Ontario’s more rural regions.
When deciding whether and what to buy, lifestyle preferences including choice of neighbourhood, number of nearby schools, access to transportation, and day-to-day space requirements should all be top of mind. Those who crave the city’s buzz may be wise to seek a condo as their entry-point into the market. If space is the greatest priority, rural properties await.
Finally, Consider The Value of Breaking Into the Market
“Once a buyer becomes an owner, they start to build equity in their home,” Diehl said. “Equity over time will allow homeowners to move up within market conditions, regardless of whether prices rise or fall. If you sell for more, you should expect to pay more and, conversely, if you have to sell for less you should expect to pay less.”
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Housing Market Snapshot for May 2022
قابل توجه خريداران و فروشندگان محترم خانه:
با يك تيم حرفه ای در زمينه فروش و خريد منزل رویایی شما از ابتدا تا انتها همراه شما هستيم.
خدمات ارائه شده:
- ارائه وام با کمترین نرخ بهره موجود در بازار
First, Second, Third Mortgages
- ارزیابی رایگان منزل شما Home Evaluation
- یافتن منزل رویایی شما با توجه به محل و بودجه
- دستیابی به اطلاعات کامل بازار جهت تصمیم گیری صحیح در هنگام خرید و یا فروش خانه
- خدمات ویژه برای خریداران بار اولی First Time Home Buyer
- خرید خانه برای سرمایه گذاری Investment Property
- تازه واردین به کانادا Newcomers
- غیر ساکنین کانادا Non-Resident
- خدمات بازسازی Renovation
☎️راههای ارتباطی با ما از طریق تلفن، ایمیل، واتس اپ، فیس بوک، اینستاگرام و تلگرام:
+1 (647) 772-9502
hoizady@yahoo.com
وب سایت:
https://www.homelifecimerman.com/Hojjatollah-Izady
فیسبوک:
https://www.facebook.com/Hojjatollah.Izady
اینستاگرام:
https://www.instagram.com/ihoizady/
واتس آپ:
https://wa.me/message/72TR24AJCPDPJ1
لینک تلگرام:
https://t.me/Buy_and_Sell_Property_in_Toronto
.
قابل توجه خريداران و فروشندگان محترم خانه:
با يك تيم حرفه ای در زمينه فروش و خريد منزل رویایی شما از ابتدا تا انتها همراه شما هستيم.
خدمات ارائه شده:
- ارائه وام با کمترین نرخ بهره موجود در بازار
First, Second, Third Mortgages
- ارزیابی رایگان منزل شما Home Evaluation
- یافتن منزل رویایی شما با توجه به محل و بودجه
- دستیابی به اطلاعات کامل بازار جهت تصمیم گیری صحیح در هنگام خرید و یا فروش خانه
- خدمات ویژه برای خریداران بار اولی First Time Home Buyer
- خرید خانه برای سرمایه گذاری Investment Property
- تازه واردین به کانادا Newcomers
- غیر ساکنین کانادا Non-Resident
- خدمات بازسازی Renovation
☎️راههای ارتباطی با ما از طریق تلفن، ایمیل، واتس اپ، فیس بوک، اینستاگرام و تلگرام:
+1 (647) 772-9502
hoizady@yahoo.com
وب سایت:
https://www.homelifecimerman.com/Hojjatollah-Izady
فیسبوک:
https://www.facebook.com/Hojjatollah.Izady
اینستاگرام:
https://www.instagram.com/ihoizady/
واتس آپ:
https://wa.me/message/72TR24AJCPDPJ1
لینک تلگرام:
https://t.me/Buy_and_Sell_Property_in_Toronto
.
Ontario Housing Market Snapshot for May 2022
قابل توجه خريداران و فروشندگان محترم خانه:
با يك تيم حرفه ای در زمينه فروش و خريد منزل رویایی شما از ابتدا تا انتها همراه شما هستيم.
خدمات ارائه شده:
- ارائه وام با کمترین نرخ بهره موجود در بازار
First, Second, Third Mortgages
- ارزیابی رایگان منزل شما Home Evaluation
- یافتن منزل رویایی شما با توجه به محل و بودجه
- دستیابی به اطلاعات کامل بازار جهت تصمیم گیری صحیح در هنگام خرید و یا فروش خانه
- خدمات ویژه برای خریداران بار اولی First Time Home Buyer
- خرید خانه برای سرمایه گذاری Investment Property
- تازه واردین به کانادا Newcomers
- غیر ساکنین کانادا Non-Resident
- خدمات بازسازی Renovation
☎️راههای ارتباطی با ما از طریق تلفن، ایمیل، واتس اپ، فیس بوک، اینستاگرام و تلگرام:
+1 (647) 772-9502
hoizady@yahoo.com
وب سایت:
https://www.homelifecimerman.com/Hojjatollah-Izady
فیسبوک:
https://www.facebook.com/Hojjatollah.Izady
اینستاگرام:
https://www.instagram.com/ihoizady/
واتس آپ:
https://wa.me/message/72TR24AJCPDPJ1
قابل توجه خريداران و فروشندگان محترم خانه:
با يك تيم حرفه ای در زمينه فروش و خريد منزل رویایی شما از ابتدا تا انتها همراه شما هستيم.
خدمات ارائه شده:
- ارائه وام با کمترین نرخ بهره موجود در بازار
First, Second, Third Mortgages
- ارزیابی رایگان منزل شما Home Evaluation
- یافتن منزل رویایی شما با توجه به محل و بودجه
- دستیابی به اطلاعات کامل بازار جهت تصمیم گیری صحیح در هنگام خرید و یا فروش خانه
- خدمات ویژه برای خریداران بار اولی First Time Home Buyer
- خرید خانه برای سرمایه گذاری Investment Property
- تازه واردین به کانادا Newcomers
- غیر ساکنین کانادا Non-Resident
- خدمات بازسازی Renovation
☎️راههای ارتباطی با ما از طریق تلفن، ایمیل، واتس اپ، فیس بوک، اینستاگرام و تلگرام:
+1 (647) 772-9502
hoizady@yahoo.com
وب سایت:
https://www.homelifecimerman.com/Hojjatollah-Izady
فیسبوک:
https://www.facebook.com/Hojjatollah.Izady
اینستاگرام:
https://www.instagram.com/ihoizady/
واتس آپ:
https://wa.me/message/72TR24AJCPDPJ1
List of Rental Condos and Houses in Richmond Hill
For more information and to receive rental houses photos, please call:
☎️ 647-772-9502
Hojjatollah Izady, Realtor
hoizady@yahoo.com
ليست خانه و اپارتمان هاي اجاره اي در شهر ريچموندهيل
جهت كسب اطلاعات بیشتر و دريافت تصاوير خانه ها با شماره تلفن زير تماس بگيريد :
☎️ 647-772-9502
حجت اله ایزدی، کارشناس املاک
hoizady@yahoo.com
.
For more information and to receive rental houses photos, please call:
☎️ 647-772-9502
Hojjatollah Izady, Realtor
hoizady@yahoo.com
ليست خانه و اپارتمان هاي اجاره اي در شهر ريچموندهيل
جهت كسب اطلاعات بیشتر و دريافت تصاوير خانه ها با شماره تلفن زير تماس بگيريد :
☎️ 647-772-9502
حجت اله ایزدی، کارشناس املاک
hoizady@yahoo.com
.