85 Crown Cres – Featured in the Toronto Star!

Our Agent Marcela Brun Fausto was recently featured in the Toronto Star with her listing at 85 Crown Cres!

Features Open Concept Kitchen/Dinning Room. Renovated Maintenance Free Concrete Backyard, Microfit Solar Panels,Electric Car Charger ,Tankless Water Heater, Energy Efficient A/C. Gas Line For Bbq!

To schedule a showing to see beautiful property please call 416-896-3333.

 

Hot Price! Detached Home for Under $700,000 – 4 Bedrooms

Detached Houses for under $800,000

Toronto Detached Houses for Sale

4 Bedrooms Detached Dream Homes! #affordable

Photo Link
Beautiful 4 Bedroom Detached House for Sale in Mississauga Under $800,000 !

•  4 Bedrooms 2 Bath 2 storey – FOR SALE  CAD659,000 . Detached Home At Jane & Weston!
MLS® 4408862

Great Opportunity To Own A Detached Home!

A Must See 4 Bedrooms + Rec Room, 3 Washrooms, Hardwood Floors In Living & Dining Room!

Kitchen Includes A Beautiful Kitchen With Island, Stainless Steel Appliances And Double Door Walkout To Deck & Yard!

Master Bedroom With Walk-Out To Sunroom, Lots Of Windows And Natural Lights!

Legal Front Parking Pad, Finished Basement With 3 Piece Bathroom!

Huge Backyard!

We Love Affordable Toronto Houses under $800,000.   You can still find a special gem in these up and coming neighbourhoods.  Exclusive and MLS Listings, call for a complete list.

We have investors who have taken fixer uppers and created a beautifully renovated homes in affordable areas in Toronto.   What the prices increase in these neighourhoods as we start renovating.  Keep in mind there is just so much space in Toronto, its all about Location! Location! Location!   Close to downtown and public transportation

Thinking of making a move?  Think Sutton!   416-896-3333

Reference: 4408862

Click to view these beautiful photos:  Property information

Renovated Kitchens

Sold – Rare Toronto Commercial Building, Over 27,000 sqft, 1.52 Acres

Toronto Commercial News – Sold Buildings in Your Area.

Sutton Realty wishes to congratulate one of their Top Commercial Agents on the sale of an Industrial Free Standing Build in North York / Humber Summit.

His Buyer is now the proud owner of this Rare Building which can be half Occupied and Half Income Producing.

Impressive Foyer, Excellent Clear Span in Warehouse, 24′ Clear Height.  Office Space, Warehouse Area, Loading Dock that can Accommodate a 53″ Trailer plus 3 D/I Doors, 2×5 Tonne Cranes.

Looking to expand your business?   Need additional space?   Marcio is an Award Winning Top Agent with Sutton Realty and can assist in your search.

Compare the costs of buying vs leasing commercial space in your area.

Commercial Real  Estate as an Investment:

The regional economy in the Greater Toronto Area continues to be strong, as indicated by very low unemployment. This suggests that businesses are continuing to expand and/or relocate to the GTA to take advantage of a large and diverse talent pool with experience across many different industries, including the tech sector, financial and professional services, construction and manufacturing.

Toronto is a North American Hub for Trade:

We believe the Greater Toronto Area is well-positioned to be a North American hub for trade, innovation and economic development. We have recently seen a number of technology companies commit to investments totaling over one billion dollars in our region. On top of the tech sector, the GTA also continues to be a leader in other key sectors, including finance, professional services, construction and manufacturing. This is obviously important as it relates to the future demand for commercial space.

For more information on Commercial, Industrial, Retail real estate in the Toronto and area call Marcio Blanc today 647-607-8911

Marcio Blanc top commercial Agent

top commercial real estate agent sutton realty marcio blanc

 

 

 

 

Buying A Home Just Got Easier! New Mortgage Incentive Coming This Year

The Canadian government is taking steps to make homebuying easier for Millennials. According to the budget proposal of 2019, the government intends to put forth $1.25 billion over a three year span from the CMHC First-Time Home Buyer Incentive.

Borrowers would still have to figure out a down payment of at least 5% of the purchase price, but they would still receive an incentive of up to 10%, which would lower the mortgage.

The incentive covers 10% for newly built homes and 5% for existing homes. A few of the catches: Your annual income must be under $120,000 to participate, and you will have to eventually repay the incentive although officials have not decided how that will unfold just yet.

The federal stress test will still be required to ensure buyers will be able to repay the debts at even higher rates.

The government is also enhancing the Home Buyer’s Plan which allows first time buyers to take out up to $25k from their RRSP to finance a home, without paying tax on withdrawal, they are proposing to raise the cap to $35k, and the new limit would apply to withdrawals made after March 19th 2019.

The only problem is that more borrowing means that housing prices are likely to go up, and may encourage Canadians to take on more debt. Buyers must keep in mind that the government is not extending the program’s repayment timeline, so any money taken out of their RRSP must be put back with 15 years to avoid the withdrawal being added to their taxable income. Now Canadians will have to repay a max. of $35k instead of $25k over the same period.

Are you a first-time home buyer looking for the best guidance in the business? Call us today! We have agents standing by to help you with any questions of concerns you may have.

Sutton Group Realty Systems Inc., Brokerage

416-896-333 / 905-896-3333

www.SuttonRealty.com  

 

TC4 Pricing & Floorplans Available – Register Today!

TC4 Condos In Vaughan

0 Minutes To Subway

Prices From The $300’s!

Welcome To Transit City – a brand new multi residential development in the heart of Vaughan Metropolitan Centre!

It has never been easier to commute from home, whether you drive or take the TTC!

Register Today For Floor Plans, Pricing and priority access!

Sutton Group Realty Systems

416-896-3333

www.CondominiumToronto.com

Which Features Will Help To Sell Your Home Quickly?

With trends constantly changing these days, it’s hard to tell which new features and design improvements will actually benefit in the quick sale of your property.

Realtor.com has offered a few key features that have helped home owners sell their home the fastest and for the best price!

  1. Gourmet Kitchens/Chefs’ Kitchens
    Open kitchen designs have exploded onto the real estate market, becoming a centerpiece for each home. Luxury is important to buyers, especially when it comes to hosting friends and dinner parties. Dark palettes like black & navy have taken precedent over the more traditional white and neutral shades. Open shelving, double doors, lots of windows, quartz counters, stainless steel appliances – these are all adding to the popularity and success of home-selling!
  2. Specialty Rooms Whether it be a home office, theatre, gym or mudroom – buyers are asking “why go out when you can stay in?”. While not as popular as they were in the beginning, design experts are saying that homes which come equipped with any type of specialty room usually go for about twice as much as the national median!
  3. Outdoor FeaturesSolar panels have become a really hot commodity thanks to the demand from climate-conscious buyers and those who are looking to cut down their electricity bills. Built-in pools (whether shared or private) have always been consistently popular, but while they attract some buyers in warmer parts of the globe, some buyers may repel due to maintenance and liability issues. Bottom line for pools is to install it for your own enjoyment first, resale value second.
  4. Smart Home Features and Electronics Anything from interconnected appliances or internet-controlled thermostats to fully-wired homes. This can be an expensive addition, but the trend is booming thanks to Amazon Echo and Google Home. These electronic home features are so easy and convenient to use – there is almost no reason these additions will go out of style. With this technology, homeowners can now pick up a simple smart home security system for pricing as low as $150, vs. having a technician come in and install a system which could run a bill over $1000! People really like having an app on a phone to know if someone’s at home or not.
  5. Indoor FeaturesNo matter where you go – fireplaces are always welcome and will never go out of style, however there are definitely more modern approaches to the classic fire place, such as being built into the wall. Another key indoor feature is the walk-in closet; not as popular as they once were due to the de-cluttering movement.

Whether you are looking to sell your home at an amazing price or are looking to purchase a home which includes any of the above upgrades, please give us a call!

We have agents waiting by the phones to answer your questions and help you with all of your buying and selling needs – each step of the way!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 or 905-896-3333

www.SuttonRealty.com

Can You Guess How Low These Mansion Rentals Are In Vancouver?!

Suddenly there are hundreds of multi-million dollar mansions on the rental market in Vancouver for insanely low prices!

“The first day we moved in, me and my family were like, ‘What? Is this real?'” said a UBC Student who moved from Toronto into a 6,000 sq.ft home in West Vancouver.

It could be a combination for the city’s empty home tax or the province’s speculation tax that are dropping the rental rates for these mega-homes.

Some numbers for thought… One $4.64 million home with 5 bedrooms is being offered at $5,900 per month, and another $7.23 million dollar mansion with eight bedrooms for $7,000 per month! With these astonishingly low prices, the City of Vancouver may have the cheapest real estate in Canada right now.

However, these low rental prices definitely put landowners in a difficult position when you think about the tax rate on such a large home. Taxes can add up to 1% of the home’s assessed value, and if the landlord declares less than 50% of their combined household income for the year, the minimum tax rate will be 2%.

One of the reasons landlords are renting at low rates is not to make a profit, but rather to hang onto the property until they are ready to retire and move back to Vancouver. If they don’t rent it out, they’ll need to pay hundreds of thousands a year. If you rent out a building, it saves hundreds of thousands per year, even if the renter does not may any rent.

Many of the renters for these properties feel fortunate to have such an affordable and large home. A lot of them are being asked “How much are you paying?” and “Are you rich?!”… One can only hope that Toronto will see such rental prices for fabulous properties in the near future.

Are you looking for a great rental property in the GTA area? We have thousands of condos, houses and townhomes for lease right now! 

Give us a call any time, we have real estate agents standing by waiting to help answer your questions and find you a perfect rental!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

Which Canadian Province Is Leading In Multi-Family Building Permits?

New statistics show an increase of 1.6% per month in relation to permit value for residential buildings in Canada, with Ontario as the clear leader for both single-family & multifamily permits since January. In Toronto, the value for multi-family dwellings rose from 26.5% to $871 million which was the second highest value on record!

Since December, multi-family permit approvals have increased by 3.5%, totalling to 21,192. Single family home approvals decreased by 2.3% from the previous month.

As for non-residential permits, the drop was pretty significant with a total of $3.0 billion down 15.8% from December, which resulted from lower construction intentions from commercial buildings. The total value for all permits issued in January for both residential & non-residential was $8.4 billion in January, down from 5.5% from December’s record high.

Whether you are looking to invest or to buy the perform home for you and your family, do not hesitate to call us! We have agents standing by to answer any of your questions.

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

 

 

 

All You Need To Know About “Stigmatised” Housing In Toronto

Back in 2017, a home went onto the Toronto market, stayed for over 100 days and eventually sold for $74,000 under the asking price of $675,000… Why, you ask?

A little term we like to call “Stigmatised” housing –  Aside from the obviously run-down appearance of said house, social media all over the city just couldn’t keep the secrets from the poor houses’s past from escalating. Whether it be a history of criminal activity, debt, serious illness/death or supernatural phenomena to name a few – Stigmatised housing rarely has anything to do with the physical appearance of the home, but rather the secrets/rumours that resided inside at one point in time.

Sellers are not required to disclose any such details to potential buyers unless it affects the physical condition of the property, and despite however many stigmas are attached to a property’s past, most are considered irrelevant to a real estate transaction.

One Broker Of Record in Toronto shares his frequent experience with Chinese buyers in Toronto – He says almost 100% of them always bring up the question of whether there has been a death in the home, often related to the belief of Feng Shui and the energies such an event would hold inside a home. On the latter, one could claim that not disclosing a death in the home in a predominately Chinese neighbourhood could affect the resale value if that information was ever let out. If known to the seller but undisclosed, could be a cause for litigation.

As a buyer – it is best to include a clause in your contract that asks for a warranty that all such information if known to the seller, has been disclosed. And as a seller – the best advise is to disclose are much information as possible.

The bottom line is that technically there is no law requiring sellers to disclose any information that does not impact the physical condition of the property, but if you feel at all uncomfortable with any sort of stigmas attached to said property, it’s best to speak to your agent about it.

We would love to help you if you are currently facing a similar issue with buying or selling a property! Please give us a call any time! We have fabulous agents just waiting to assist you in your journey.

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

 

Looking To Sell Your Property To Foreign Buyers? Here’s What You Need To Know

In 2018 there was an 83% drop in Chinese investment in the U.S, reasons vary from the Chinese government’s restrictions on outbound investments/more strict regulations on the U.S side, causing overseas real estate sales to slow drop drastically in China.

Despite the decrease in overseas investments, a few real estate analysts predict that luxury home sellers should consider targeting other groups of buyers from Latin America & Europe, while focusing on the long-term investment of their properties.

Among China, other top investors for residential real estate in the U.S include Canada, The U.K., India & Mexico – While Canada and the U.K seem to attract more European buyers… Sellers in those regions may want to keep their eyes on these groups of buyers.

Sellers must brace themselves for the possibility of their home being on the market for longer than what’s ideal, despite nationality, international investors seem to be making their decisions with greater deliberation. Location and the type of property should be kept in mind.

The most popular of sales for foreign buyers seem to be boutique apartments, penthouses, prestige homes in the most sought-after suburbs and heritage homes with big surrounding land, as well as newer developments with well-known architects names’ attached. Foreign buyers are also looking for quality from investors, sophisticated architecture, well funded and experienced developers who are behind the project. Property that will generate rental income is also a huge factor.

International investment shrank last year in Canada (namely Toronto & Vancouver), in result of new taxes for foreign buyers. Chinese buyers in particular are seeming to purchase in Montreal instead, due to the affordability and education opportunities. Particularly homes that are furnished or developments that come with luxe amenities like pools & garages which are rather rare in China.

There has also been an “explosion of immigration toward Canada”. Buyers are coming from Switzerland, France, Belgium & French Africa, so Montreal is obviously a great option, while Americans are heading back as well, due to the exchange rate.

Looking for more tips on how to make your home more appealing to foreign buyers? Do not hesitate to give us a call! We have the most knowledgeable staff, ready to guide you through the process of buying & selling!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com