A Look Ahead Into Canadian Markets In The Next Year

 

Depending on which part of Canada you live in – 2019 is either a year to look forward to or dread!

In Toronto – The growth will be slower, but growth just the same. Very similar to 2018, there will continue to be upward pressure on prices but increased interest rates/mortgage stress testing has added to the lofty growth we’ve seen throughout 2016 to 2017.

In Montreal – Continuing it’s growth as the hottest market in the country (with perhaps the exception of Ottawa) However there will not be a massive price growth, much like Toronto.

In Vancouver – After suffering the difficulty with the B-20 mortgage stress test, the NDP Government increased the foreign buyer tax from 15% to 20%, also introducing/expanding a speculation and vacancy tax. The market will continue to show little activity.

In Calgary – After missing out on the Olympics, it might end up squeezing the city’s economy. However, Calgary is deeply tied to the oil/gas sector and it was the city firmly planted in doldrums.

For more on the topic – Check out the link below:

https://www.repmag.ca/news/canadian-markets-next-year-will-look-like-251453.aspx?utm_source=Pinpointe&utm_medium=20181209&utm_campaign=REP-Weekend&utm_content=5E820814-6993-48E6-A9E5-F4B88518E65F&tu=5E820814-6993-48E6-A9E5-F4B88518E65F

 

 

 

 

 

 

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Thinking about changes in your Real Estate Career – Think Sutton!   905-896-3333 or 416-896-3333 – Toronto and GTA Locations.

Toronto’s Commercial Real Estate Sector Will Remain Ablaze in 2019

According to Morguard’s 2019 Canadian Economic Outlook & Market Fundamentals, not only is Toronto’s economy on fire but it’s commercial vacancy rate is very low due to constrained supply & high demand, which in turn has put upward pressure on prices.

It is apparently a real struggle to find office space in both Vancouver and Toronto as rents are at peak for this cycle. Toronto is easily the country’s safest bet for investment funds and a huge reason for that is the city’s diverse economy.

Keith Reading (Morguard’s director of research) says that Toronto is the biggest economic centre in Canada and also the most stable. “Over time, values will only increase in the commercial sector. You can’t just create another Toronto. It’s a 24-hour, world-class city, so your investment is pretty safe. It’s a large, diverse economy and it has a lot of things going for it. If you’re looking for a safety in your investment, Toronto is the first place to go in Canada.”

For more on this article, check out: https://www.mortgagebrokernews.ca/news/commercial-mortgage/commercial-sector-thrives-amid-dwindling-vacancy-rates-251044.aspx

Detached Income Property in Hamilton sold for under $350,000!

Are you an investor or first time buyer looking for an Affordable Starter Home or Investment?
If your budget is under $400,000 or even $350,000 – the Hamilton area has more to offer than you might think.

Call Stanley Lendak of Sutton Group Realty Systems – Top Professional in the Hamilton Area.
Stan works with many investors looking for income properties or homes with the potential of great rent. He can assist with sending you listing on special properties, giving you advice on neighbour conveniences and which areas command the highest rent.

Call Stan today at 905-896-3333 or direct at 416-820-8661

Check out our listings at http://www.SuttonRealty.com

What To Expect From The Canadian Housing Market in 2019

2018 – The year when Canada’s housing market hit the brakes… What will happen in 2019?

The Canadian Real Estate Association sees home sales rebounding a little (2.1 per cent) in 2019 with home prices roughly keeping up with inflation (2.7 per cent). In Ontario, prices will likely climb a little faster (3.3 per cent) and in British Columbia, a bit more slowly.

Quebec, New Brunswick, Nova Scotia & Prince Edward Island can also expect modest price gains, while Saskatchewan and Newfoundland Labrador will experience a small dipping. The forecast for Alberta was stable, although that predated the recent oil price plunge.

The big banks expect interest rates to continue to rise between 2.25 per cent & 2.75 per cent by the end of 2019. Todd Schlanger, senior investment strategist at Vanguard Investments Canada says the Canadian economy will likely continue to grow in 2019, albeit at a slower pace than in 2018. 

Rather than a housing collapse, a more likely scenario is one in which home prices stagnate as household incomes slowly catch up. Another factor that might help keep the market stable is that rents are sky-high. This could help sustain the demand from homebuyers. 

Home buyers should be patient, and not count on price gains to make up for negative cash flow. And home sellers should be realistic and not fixate on “old peak prices” as they usually end up having to “chase the market down” watching their asking price gradually fall. If you are keen on selling, you have to be ahead of the market and possibly anticipate future prices declines.

For more on this article, visit:

Will it crash? Here’s what to expect from the Canadian housing market in 2019

Tanu Condos VIP Pricing from $500k – Post Credit, Mississauga – Spectacular!

Edenshaw Developments presents Tanu Condos to Mississauga’s prestigious Port Credit neighbourhood. This tower will rise 15-storeys and will house 204 luxurious suites. Warm tones and engineered brickwork envelope the tower while sprawling glass windows create light fill spaces in every suite.

Located at Lakeshore and Hurontario at 21 Park St E, these suites offer outstanding floor plans from 1, 2 and 3 Bedroom Suites.    With options for 3 bedrooms, it will be an ideal luxury condo lifestyle for empty nesters and retirees looking for space and convenience with everything they needed within walking distance.

For Pricing and Floor Plans contact your Sutton Realty Systems agent today:
905-896-3333 or 416-896-3333
Sutton Group Realty Systems Inc. www.CondominiumToronto.com

400 Wellington St W Condos in King West Just Sold in One Day!

Gaelen Patrick of Sutton Realty sells an amazing and modern property in just 1 day!

This open-concept, 1 bed room home in the heart of the city got a great deal of attention from its amazing location and the amazing price of $599,900

Professionally staged and photographed to show potential buyers how truly amazing this place is. Congratulation Gaelen!

Sutton Group Realty Systems Inc. Brokerage 416-896-3333

www.CondominiumToronto.com

801 King St Condos “The Citysphere” Sells Over Asking by Fiorella from Sutton!

Fiorella Cribari of Sutton Realty sells a showplace unit at King and Niagara in just 3 days.
This One Bedroom plus Den suite attracted a lot of attention from Toronto first time buyers looking for that sweet spot price of $500,000
in the Niagara neighbourhood in Toronto.
Buyers are looking for more than a studio, they’re striving to get that extra space of a 2nd bedroom and this den is a good compromise if your budget conscious.
Professionally staged and photographed to show potential buyers just how spectacular this suite is.  Bravo Fiorella!  You did make this listing sparkle.
Sutton Group Realty Systems Inc. Brokerage 416-896-3333

Mississauga News – Eleven Town Homes in the Village of Clarkson

Brand New Town Homes at Clarkson Rd North in the Quaint Village of Clarkson

Walk to Shops, Minutes to QEW and Clarkson Go!

Pricing Starts from the $500,000’s

Attention Investors:  Limited Time Special – No Assignment Fee!

Ask your Sutton Realtor for a complete price list and floor plans.

Sutton Group Realty Systems Inc. Brokerage
905-896-3333
416-896-3333

Oakville Town House Sale – Brand New – Great Floor Plans

Oakville Town House Sale – Brand New – Great Floor Plans
Up to $10,000 Credit on Closing!   Investors Dream Condos.
Block 55 is coming to Oakville – Trafalgar Rd and Glenashton Dr
with pricing starting in the mid $600,000’s.   
Great Price for Amazing Floor Plans!
Quartz Kitchens, Laminate Flooring and Bonus Parking Included!
Call your Sutton Representative today to receive a Free Package of Pricing and the Best Floor Plans. Limited Inventory!
Sutton Group Realty Systems Inc. Brokerage
905-896-3333  416-896-3333
http://www.CondominiumToronto.com – Resale, New Condos, Rentals
Investor and Landlord Help Line.