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

 

 

 

Tour Mississauga’s Most Expensive Luxury Condos at Square One!

Once of a lifetime opportunity – so exciting we’re featured in the Toronto Star!  Sutton is hosting an Open House this weekend at the Top of Absolute World! Tour the gorgeous penthouses of 50 and 60 Absolute and check out the view from the most expensive condos in peel!
 
March 16th and 17th from 2-4pm. Call 905-896-3333 for more details
 
 
Stunning 2 Bedroom Penthouses In The Absolute World Towers, The Tallest Buildings In Mississauga! Over 1600Sq.Ft Plus 400 Sq.Ft Wrap Around Balcony.
 
An Entertainer’s Delight With Open Concept Kitchen And Living/Dining Areas. Extremely Spacious Master Bedroom, With Sitting Area, Media Wall, Fireplace, Walk In Closet, Luxurious Ensuite Featuring Steam Shower And 2 Person Infinity Bathtub. Automated Lighting & Blinds W/An In-Suite Sound System.   Exquisite Sunset Views Of Downtown Mississauga, And The Lake!
 
You Must See This Suite To Fully Experience The Luxury!
 
Sutton Group Realty Systems 905-896-3333
Inc Brokerage Independently Owned and Operated
 
Square One Luxury Condos, Downtown Mississauga, Absolute World
 
Absolute Penthouse Kitchen

Stunning Eat-In Kitchen With High End Appliances

Absolute Mississauga Penthouse Photos

Incredible Views From Floor to Ceiling Windows

Absolute Penthouse Condos

Master Features Sitting Area and Fireplace!

Absolute Condos Balcony Views

You’re On Top Of The World! Watch The Sun Set Over The GTA

You Must See This Suite To Fully Experience The Luxury!
 
Sutton Group Realty Systems 905-896-3333
Inc Brokerage Independently Owned and Operated
 
Square One Luxury Condos, Downtown Mississauga, Absolute World

Toronto Condo Market Statistics 2017-2018

The Toronto Real Estate Board has released condominium apartment sales statistics from the GTA. As it turns out, Realtors have reported 5,191 sales through TREB’s MLS system in the fourth quarter of 2018, a result which showed sales were down 9.9 per cent compared to 2017.

Condo listings entered into the MLS system were also down by 11.2 per cent from 8,186 in 2017 to 7,272 in 2018!

Pricing for condominium apartments have increased by 8.3 per cent from $516,086 in 2017 to $558,728 in 2018. Each year the growth in price gets slightly higher, accounting for 72 per cent of transactions, resulting in an average price of $598,664.

Condo apartment sales by price range in GTAhttp://www.condominiumtoronto.ca

Looking for the best prices in condos for sale and rent?

Give us a call today – We would love to help you find your perfect new home!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

Solmar Breaks Ground For Edge Towers In Mississauga

The project’s infusion of density along a future transit corridor is an important part in the intensification of Mississauga’s Downtown. Mayor Crombie spoke at the event, stating “A future driver of Mississauga business’ success is the new Hurontario Light Rail Transit (LRT) that will be located right here next to Edge Towers. Over 3,800 businesses and 78,000 jobs currently rely on this [bus] line today, and those numbers are expected to grow to one quarter of all employment in Mississauga — or nearly 130,000 jobs in the future.” In addition to its position on the future Hurontario LRT, the project is also being built a short walk from Cooksville GO Station, connecting residents with Metrolinx’s regional transportation network.

According to Scott Davie, President of Davie Real Estate, “Edge Residents won’t need transportation to enjoy most local amenities. Edge Towers is walking distance to world-class shopping at Square One, trendy restaurants like Earl’s and Bier Market, cool markets like Whole foods, and meeting places like Starbucks and Tim Hortons. Other local amenities within walking distance include Sheridan College, the Living Arts Centre, and the Art Gallery of Mississauga.”

The ground breaking ceremony follows the actual start of construction work months prior. Crews from Michael Bros Excavation are conducting site preparation in advance of excavation for the project’s underground levels.

Sales are well underway for the community’s second tower, known as Edge T2. The project offers 418 suites in one-bedroom, one-bedroom+den, two-bedroom, two-bedroom+den, and three-bedroom layouts, ranging in area from 492 ft² to over 1,400 ft². You can learn more about Edge T2’s offerings by visiting the project’s presentation centre at 24 Elm Drive West, open Saturdays and Sundays from 11:00 AM to 5:00 PM, and noon until 6:00 PM Mondays through Thursdays.

For original article, visit: http://urbantoronto.ca/news/2019/02/solmar-breaks-ground-edge-towers-mississauga

 

Toronto Real Estate : Consumer Interest Shifts to New Neighbourhoods

What was Toronto’s Neighbourhood with the Largest Growth?
A neighbourhood in the pocket between Finch and Steeles Ave named Newtonbrook.
Its definitely north of the core but with the Yonge Subway line running straight through the heart of the neighbourhood, downtown communting is not a problem.
Median List price for a condo in 2018 was $545,000 up abou 9% year over year.
A detached home could be found in the median list price of 1.1 million.
To view some affording homes in the area visit us at http://www.searchtorontohomes.com/mapsearch

Severe Housing Downturn in Canada is Unlikely

 

Royal Bank has stated that a widespread real estate downturn is unlikely and that the probability is “still low but has increased somewhat in recent months”. Mortgage stress tests and rising rates are making it harder for buyers to get a foot in the door.

Toronto, Vancouver & Alberta are currently at risk due to the high interest rates put on the high-priced areas, and affordability is a major at a crisis level. “Regulatory changes made the market healthier – it is now balanced, well supported by economic and demographic fundamentals, and while condo building activity is elevated we see few signs of overbuilding,” says RBC.

Montreal remains one of Canada’s stronger markets at the present time, says RBC. Elevated levels of apartment construction in Montreal, Vancouver, and Toronto is a potential long-term concern, however unsold inventories are low.

 

For more on this article, visit: https://ca.sports.yahoo.com/news/severe-housing-downturn-canada-unlikely-rbc-190257940.html

 

Toronto real estate slated for another boom

Toronto real estate is slated for another boom.

Thanks to the city’s thriving technology sector, Ron Sally believes real estate—and condos in particular—are going to be the hottest commodity in town.

“Our tech industry in Toronto is about to explode,” said broker of record and owner of REMAX Millennium Real Estate. “It’s been slowly climbing up the ranks; it hasn’t reached its peak yet but it’s about to come out into the open. It’s currently ranked number two in North America and number four in the world.”

Sally added that Toronto’s financial sector is ranked third in North America.

“As of 2017, the ranking is number 11 globally for the financial sector,” he continued. “What this means is that in the world, Toronto is the eighth-most liveable city and our job sector is going to grow, as well, in the next few years. Toronto’s condo market is undervalued, so whoever can get a piece of Toronto real estate should do it while it’s still available.”

Toronto is presently rated an Alpha city, and joining Singapore and Tokyo as Alpha+ cities isn’t unfathomable.

“Our transportation system is being improved—the city is changing implementation,” said Sally. “A lot of changes are going to turn this into a global city. Right now everyone knows where Toronto is. We had 28,900 new tech jobs created in Toronto, and that’s more than the San Francisco Bay Area, Seattle and Washington D.C. combined.”

Indeed, Microsoft, Uber, Shopify, Airbnb and Google Sidewalk Labs are all setting up shop in Canada’s largest city and economic heartbeat. Coupled with the fact that new tech sector jobs will be created in the years ahead, and the fact that supply already lags well behind demand, Toronto condo valuations are on pace to surge.

“Downtown on King St., condos are selling for $1,500 to $1,600 per square foot; Pemberton is also selling one at $1,200 per square foot,” said Sally. “Things are slowly changing and those who see the big jump coming in the next two or three years understand it’s the same jump we had in 2014 and 2016. We have one million immigrants entering Canada in the next three years.”

According to Matt Smith, a broker with Engel & Völkers in Yorkville who specializes in the luxury market, the city’s thriving tech sector has been fuelling demand for high-end homes.

“A new trend is on the horizon that will continue to push Toronto’s housing market and its luxury segment, and it’s the impending tech boom,” said Smith. “In the last five years, Toronto has created 82,000 tech jobs, more than Silicon Valley and more than any other city in North America.”

BLACK FRIDAY SALE at ONE28 Condos In Waterloo!

Thinking of buying a Condo? Looking for an affordable alterative. Check out One28 King St in Waterloo with prices starting in the $300’s.

Call today for more info:
Sutton Group Realty
905-896-3333

57 Brock Condos – Located At Dufferin St & Queen St W

57 Brock Ave Condos

At Dufferin St & Queen St West

Prices Starting From The High $400,000s!

Occupancy: November 2020

Located In The Diverse Parkdale Neighbourhood That Has Over 129 Stores & Restaurants For You To Discover!

With A Walk Score Of 93/100, You Will Be Able To Complete Most Of Your Daily Errands Without The Use Of A Car!

100% Perfect Transit Score!

Steps To Liberty Village, King West, BMO Field, Exhibition Place, Lake Ontario, Fort York, The CNE & Much More!

Suite Finishes: 9 Ft Exposed Concrete Ceilings, Modern Laminate Flooring, Quartz Kitchen Counters, Stainless Steel Appliances, Stacked Washer/Dryer & More!

Building Amenities: Fitness Centre With Cardio & Weight Equipment, Pet Spa, Dining/Meeting Room, Designer Decorated Party Room with Full Kitchen & Adjacent Outdoor Rooftop Patio Lounge, BBQ area & Eco Friendly Green Roofs!

**Call Us Today For More Information Such As Floorplans, Pricelists, Brochures, etc**

Sutton Group Realty Systems Inc., Brokerage

416-896-3333      905-896-3333

www.SuttonRealty.com

Well Maintained 1 Bedroom Condo! Highly Desirable Location

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Well Maintained 1 Bedroom Condo! Highly Desirable Location

Well Maintained 1 Bedroom Condo! Highly Desirable Location CAD $1,750 ML

Well Maintained Unit In A Highly Desirable Location.

Unit Has Lots Of Natural Light With Floor-To-Ceiling Windows Giving A Panoramic Nw View. Spacious 1Bed + Den (Can Be Used As 2nd Bedroom).

Good Size Master Bedroom With Ensuite 4Pc Bath And Large Walk-In Closet.

Minutes To Go Station , Shops And Port Credit, Steps Away To Trillium Hospital, Transit And Qew. Rental Amount Covers All Utilities (Hydro, Heat And Water).

Extras Include:

Fridge, Stove, B/I Dishwasher, Clothes Washer And Dryer, All Electrical Fixtures… 1X Parking Spot (P17)..And 1X Locker (Level P1 Room P2 Locker #36) Included…. Good Size Den With French Doors.

If any interest, contact us today!

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

Address: 2091 Hurontario St
Reference #: 4011592

Property information