Canada’s Most Expensive Homes Sold In 2019

Whether it be a gorgeous, bright and spacious condo with a big city view, or a beachfront property with acres of land… Check out this list of Canada’s most expensive homes sold this year!

Which one would you pick?!

Location: Toronto / Approx. Size: 3,843 Sq Ft. / Price: $10,500,000

Location: Mississauga / Approx. Size: 5,000 + Sq Ft. / Price: $7,400,000

Location: Rothesay, NB / Approx. Size: 29,977 Sq Ft. / Price: $1,100,000

 

Looking To Buy In The Halton Region? Here’s What You Can Afford

According to TREB, there was a 25% annual increase in November this year, with 668 transactions that occurred. Meanwhile the average price from to 5.4% for the Halton region as a whole.

Wondering just how affordable the market is for median-income buyers? See below.

Burlington:

Median earners of $93,588 will find decent affordability in it’s condo sector, while townhomes & semi-detached homes would take between 5.6 years to 16.6 years to save. Detached homes would take about 31.9 years to save for.

Milton:

Median earners of $104,730 could afford a condo or townhome based on a 1.5 or 1.2 year timeline.

Oakville:

The city’s median income is around $113,666, meaning buyers could move into a condo costing $537,000 within a 1.4 year timeframe.

 

Are You Considering Buying A Home In The Halton Region? Sutton Can Help!

We Help Landlords, Tenants, Buyers And Are Here To Answer Any Questions You May Have!

Give Us A Call Today At 905-896-3333 or Visit Us Online www.SuttonRealty.com

Advantage of Hiring a Full Service Brokerage vs a Discount One Hit Wonder

Back in August, a 4 bedroom home on Summeridge in the area of Sugarbush Heritage Park & 407 sold for $1,318,000. The home across the street, which was slightly smaller and less renovated, sold for approx. $1,120,000 through a discount brokerage. Meaning the seller saved $45k in commission, but sold their home for $198,000 less than 421 Summeridge.

With size and upgrades considered, the seller from across the street ended up losing $148,000 on the actual value that they should have gotten for the home vs. what a full-service brokerage could have gotten them.

421 Summeridge Dr., Vaughan, Ont.

Asking price: $1,329,000

Selling price: $1,318,000

Previous selling price: $438,153 (2005); $160,000 (2004)

Taxes: $6,347 (2019)

Days on the market: Six

To read the full article, visit: https://www.theglobeandmail.com/real-estate/toronto/article-agent-says-sale-of-vaughan-home-points-to-full-service-advantage/

Looking to buy or sell in the Toronto/GTA area? Call Sutton Realty Today!

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

www.SuttonRealty.com

The Way – Urban Townhomes In Erin Mills!

Urban Townhomes In Erin Mills – Coming Soon!

For Floor Plans, Pricing & Questions Give Us A Call Today!

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

Sandra Semen Featured In Toronto Star!

Look Who Was Featured In The Toronto Star!

Congratulations Sandra Semen Realtor!

 

Full Article: https://www.thestar.com/life/homes/2019/08/22/619000-in-dundas-476000-in-mississauga-what-these-condos-got.html

Looking To Buy, Sell Or Rent In The Halton/Hamilton Region?
We Can Help! Call Sutton Group Realty Today
905-896-3333
www.SuttonRealty.com

Link Condos – Affordable Condos and Government Incentives

Link Condos In Burlington – Affordable Luxury Living!

Brand New Development Close To The Waterfront

Perfect For New Homeowners With Government Incentives!

For More Information, Give Sutton Realty A Call Today
905-896-3333 www.SuttonRealty.com

https://www.youtube.com/watch?v=jnqPIRfaRkk

 

Fast Home Fixes For July!

Summer is the perfect time for all of those home projects and cleaning chores you’ve been putting off throughout the winter & spring!

Here is a quick list to help guide you!

Edge Garden Beds

Add Some Light To Your Garden

Refresh Mulch

Turn Off The Sprinklers

Fill In The Garden

Tackle Sidewalk Mildew

Weed Smarter

Test Garage Doors

Clean Bathroom Fans

Know Your Storm Plan

Trim Evergreen Trees

Sutton Group Realty Systems Inc., Brokerage

416-896-3333 / 905-896-3333

http://www.suttonrealty.com

http://www.iTorontoCondo.ca

*JUST LISTED* Updated Bungalow Nestled On A Lovely Tree Lined Street In Markland Wood, Toronto!

Call Agata Iwicki Today To Book Your Viewing!
Sutton Group Realty Systems Inc., Brokerage
416-896-3333
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

 

 

 

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