Newsletter – March 24, 2016

Working in the best interest of our clients since 1999


 

In today’s issue:

Global home prices at the end of 2015 

Ontario home sales rise to new February record

FORM upcoming condos project

Upper Vista Luxury condominiums on the 18-th

Luxury Miami Condos Ritz Carlton Sunny Isles Beach


Global Home Prices at the end of 2015

Seeing how we’ve started looking at data from last year, I thought it would be interesting to look at global home prices as of Q4 2015. Here’s a chart from Knight Frank, which they refer to as their Global House Price Index:

 

ATC1

 

At the top of the list is Turkey, with an 18.4% increase from Q4 2014 to Q4 2015. (Supposedly this is because it has recently become easier for foreigners to buy property in the country.) Canada is 13th with a 6.2% increase (during this same time period) and the United States is 17th at 5.4%.

 

READ FULL  ARTICLE >>

 


Ontario home sales rise to new February record

 

Residential sales activity reported through the MLS® Systems of real estate Boards and Associations in Ontario numbered 15,680 units in February 2016, an increase of 15.8 per cent from a year earlier. This was a record for the month of February.Nationally, home sales activity rose 18.7 per cent from year-ago levels in February 2016.

 

 

Provincial year-to-date home sales were running 11.4 per cent above the same period from 2015, joining a fairly exclusive club of years in which activity had surpassed the 25,000 mark by the end of February.The provincial average price for homes sold in February 2016 was a record $511,967, rising 12.7 per cent from a year earlier. This was the first time the monthly average price figure had ever topped $500,000.

 

READ FULL ARTICLE >>


 

 

 

SHAPE YOUR SPACE

Coming soon to Queen + McCaul in downtown Toronto. Boldly conceived, beautifully considered, FORM occupies the space between singular landmark architecture and thoughtful urban design. This distinctive masterpiece presents a striking figure on the lively streetscape embodying the artistic energy of its surroundings. Shape your ideal of exceptional living with contemporary interiors, standout finishes and expansive windows – every last detail considered, designed for the way you live.

Downloads:

 

 

LEARN MORE ABOUT THIS PROJECT >>

 

If you would like to discuss options please email us at tkonkina@rogers.com and we will get back to you within the next 24 hours.

 

Looking forward to working with you!

 


 

A few Early Details:

  • 1st and only Luxury Condo in Niagara Falls
  • 20 minute walk to the Casino as well as close to nearby Outlet Malls, Dining, Entertainment and the Buffalo Airport
  • Selling starts early May
  • 10 stories 150 suites
  • Occupancy 2018 Construction to start next year
  • Learn more >>

 

LEARN MORE ABOUT THIS PROJECT >>

If you would like to discuss options please email us at tkonkina@rogers.com and we will get back to you within the next 24 hours.

Looking forward to working with you!


MAKING WAVES IN SUNNY ISLES BEACH

Luxury Miami Condos Ritz Carlton Sunny Isles Beach

The Ritz-Carlton is synonymous with unparalleled excellence, legendary service, and unrivaled elegance. Renowned developers Fortune International Group and Chateau Group, have transformed oceanfront living with the new Ritz-Carlton Residences, Sunny Isles Beach.

Overview

Fortune International Group and Chateau Group, renowned leaders in South Florida luxury real estate, have partnered to develop and market this extraordinary property. The planned 52-story tower will span 2.2 acres and 250 feet of oceanfront. Upon full completion in 2018, The Ritz-Carlton Hotel Co. will manage all services, bringing to residents the legendary quality and personal touch synonymous with the brand.

 

LEARN MORE ABOUT THIS PROJECT >>

If you would like to discuss options please email us at tkonkina@rogers.com and we will get back to you within the next 24 hours.

Looking forward to working with you!

Shape your space. FORM Condominium coming soon to Queen + McCaul in downtown Toronto.

Back to: Newsletter – March 24, 2016


 

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SHAPE YOUR SPACE

Coming soon to Queen + McCaul in downtown Toronto. Boldly conceived, beautifully considered, FORM occupies the space between singular landmark architecture and thoughtful urban design. This distinctive masterpiece presents a striking figure on the lively streetscape embodying the artistic energy of its surroundings. Shape your ideal of exceptional living with contemporary interiors, standout finishes and expansive windows – every last detail considered, designed for the way you live.

Downloads:

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If you would like to discuss options please email us at tkonkina@rogers.com and we will get back to you within the next 24 hours.

Looking forward to working with you!

Redefining Niagara Living – Upper Vista Luxury Condominiums on the 18-th coming soon to Niagara Falls

Back to: Newsletter – March 24, 2016


 

 

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A few Early Details:

  • 1st and only Luxury Condo in Niagara Falls
  • 20 minute walk to the Casino as well as close to nearby Outlet Malls, Dining, Entertainment and the Buffalo Airport
  • Selling starts early May
  • 10 stories 150 suites
  • Occupancy 2018 Construction to start next year
  • 115 Vacation homes, 28 Sub Penthouse, 7 Penthouse
  • Located on the beautiful Thundering Waters Golf Course on the 18th hole N/E Views
  • Beautiful views from any direction and height
  • Amenities; Indoor Pool, hot tub, fitness center, guest suite, party room
  • Toronto quality finishes; 9-10 ft ceilings, stone counter-tops, engineered flooring
  • Pricing to start at Mid 200’s for 1 Bedroom
  • Mid 300’s for 2 Bedroom 2 Bath
  • Penthouse Collection sized 1,000 to 2,000 square feet on the 8th to 10th floors.  Starting from 500 k
  • Ability to rent out “Seasonally” ie. as per need, 6 months, 3 or 4 months or for a full year.
  • Management company to offer “A La Carte” services to clients as per need ie. rental of property’s, cleaning services etc.
  • Ellis Don Construction Management team
  • Zoning approved complete

Special offers to come; Possible Free Vacay for A Year! $3 p.sq.ft. per month cash back for floors 3-7 Buy back Guarantee from the Builder.
More details to come…free golfing for a year…Furniture Packages for investment suites…. 

***Sales office located in Markham at Steeles and Woodbine.

Here are a few links related to the area:

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UpperVista05

UpperVista06

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If you would like to discuss options please email us at tkonkina@rogers.com and we will get back to you within the next 24 hours.

Looking forward to working with you!

Making Waves in Sunny Isles Beach

Back to: Newsletter – March 24, 2016


 

Luxury Miami Condos Ritz Carlton Sunny Isles Beach

The Ritz-Carlton is synonymous with unparalleled excellence, legendary service, and unrivaled elegance. Renowned developers Fortune International Group and Chateau Group, have transformed oceanfront living with the new Ritz-Carlton Residences, Sunny Isles Beach.

new-luxury-condos-in-miami-facade-ritz-carlton-sunny-islesOverview

Fortune International Group and Chateau Group, renowned leaders in South Florida luxury real estate, have partnered to develop and market this extraordinary property. The planned 52-story tower will span 2.2 acres and 250 feet of oceanfront. Upon full completion in 2018, The Ritz-Carlton Hotel Co. will manage all services, bringing to residents the legendary quality and personal touch synonymous with the brand.

Every element of The Residences’ design and the amenities will be driven by the needs of the discerning buyer looking for an exceptional experience and a lifestyle of comfort, privacy and casual elegance.  Interiors will be envisioned by Italian designer, Michele Bönan who designed Casa Tua and Cipriani in Miami, in addition to many resort properties and private residences around the world.

Endless and thoughtful amenities will abound. From the seamless connection from main pool to beach and the oceanfront restaurant, to the array of activities and areas for children and the state- of–the- art fitness center with ocean view, we have addressed everything a discerning buyer could desire! These are just a few examples and rest assured that exceptional service is our highest priority.

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Unforgettable experiences in a tranquil oceanfront environment.

These beautiful residences encompass the finest of contemporary designs, complemented by a vast array of exceptional materials, textiles and environmental innovations, all selected to ensure your incomparable comfort and relaxation.

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THE RESIDENCES >>

Served to perfection.

Generously appointed residences, a dazzling selection of enviable indoor and outdoor amenities, as well as the renowned service of The Ritz-Carlton, stand amidst natural tranquility; 250 feet of exquisite shorefront.
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SERVICES & AMENITIES >>

THE RITZ-CARLTON
A timeless tradition of excellence that continues to redefine luxury.

The Ritz-Carlton believes that service should not simply be reactive, but anticipatory. That service should not simply be compliant, but spontaneous. The ladies and gentlemen of The Ritz-Carlton Residences who help to bring this philosophy to life are artists of anticipation; ambassadors of the brand who deliver personal and memorable services and experiences to hotel guests and residence owners alike.

Always warm and inviting, The Residences offer a lifestyle of “permanent elevation.”

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Download the Price List and Payment Options (PDF)

 

If you would like to discuss options please email us at tkonkina@rogers.com and we will get back to you within the next 24 hours.

Looking forward to working with you!

Global home prices at the end of 2015

Back to: Newsletter – March 24, 2016


 

Seeing how we’ve started looking at data from last year, I thought it would be interesting to look at global home prices as of Q4 2015. Here’s a chart from Knight Frank, which they refer to as their Global House Price Index:

 

ATC1
At the top of the list is Turkey, with an 18.4% increase from Q4 2014 to Q4 2015. (Supposedly this is because it has recently become easier for foreigners to buy property in the country.) Canada is 13th with a 6.2% increase (during this same time period) and the United States is 17th at 5.4%.

This is obviously a high level analysis. There are lots of regional and local variations within each country. For instance in Canada right now, Calgary is a very different place than, say, Vancouver or Toronto.

Nonetheless, it’s still valuable to see the relative performance of each country and see what their (Knight Frank’s) prediction is for 2016:

“Our outlook for 2016 is muted. We expect the index’s overall rate of growth to be weaker in 2016 than 2015. The global economy is experiencing a potentially dangerous cocktail of low oil prices, a strong [US] dollar and a continued slowdown in China.”

It’s also interesting to see how the countries rank in terms of affordability:

ATC2

Once again, Canada ranks as being one of the least affordable countries in terms of home prices.

Ontario home sales rise to new February record

Back to: Newsletter – March 24, 2016

Ontario home sales rise to new February record

Residential sales activity reported through the MLS® Systems of real estate Boards and Associations in Ontario numbered 15,680 units in February 2016, an increase of 15.8 per cent from a year earlier. This was a record for the month of February.Nationally, home sales activity rose 18.7 per cent from year-ago levels in February 2016.
Provincial year-to-date home sales were running 11.4 per cent above the same period from 2015, joining a fairly exclusive club of years in which activity had surpassed the 25,000 mark by the end of February.The provincial average price for homes sold in February 2016 was a record $511,967, rising 12.7 per cent from a year earlier. This was the first time the monthly average price figure had ever topped $500,000.The national average price, by comparison, rose 16.4 per cent on a year-over-year basis to $503,057.
New listings on the MLS® Systems of real estate boards in Ontario numbered 25,384 units in February, an increase of 3.8 per cent from a year earlier.

Active residential listings numbered 43,932 units at the end of February, down 15.3 per cent from one year earlier and one of the lowest levels on record.

There were just 2.8 months of inventory at the end of February 2016, down from 3.8 months at the same time one year ago and below the long-run average for this time of year. The number of months of inventory is the number of months it would take to sell current inventories at the current rate of sales activity.

The value of all home sales in the province totalled $8 billion in February 2016, an increase of 30.4 per cent from February 2015. This was a new record for the month and marked the first time volumes in February had reached $8 billion.

The dollar volume of all home sales in Canada was up 38.1 per cent on a year-over-year basis.
Sales of all property types in Ontario numbered 16,590 units in February, up 16.4 per cent from February 2015. The value of those sales amounted to $8.3 billion, rising 31.1 per cent from a year earlier.

Ontario Monthly Summary
February 2016 Residential Sales Year-Over-Year % Change Residential Average Price Year-Over-Year % Change
Central1 8,124 18.3 $693,078 15.2
Eastern2 1,322 7.6 $320,850 -1.5
Northeastern3 1,307 17.0 $325,043 9.7
Northern4 436 -4.4 $193,182 -1.4
Southern5 2,747 13.6 $380,961 4.8
Western6 1,744 19.8 $239,308 8.5
Ontario 15,680 15.8 $511,967 12.7
Ontario Year-To-Date Summary
YTD 2016 Residential Sales Year-Over-Year % Change Residential Average Price Year-Over-Year % Change
Central1 13,087 12.8 $672,358 15.0
Eastern2 2,241 4.7 $318,173 -0.8
Northeastern3 2,193 8.6 $314,915 7.7
Northern4 786 -3.7 $193,299 -0.1
Southern5 4,640 12.5 $378,027 6.0
Western6 3,065 15.6 $239,842 8.9
Ontario 26,012 11.4 $493,768 12.2
1 Oakville-Milton, Greater Toronto
2 Cornwall, Kingston and Area, Ottawa, Renfrew County, Rideau-St. Lawrence
3 Bancroft & District, Barrie & District, Kawartha Lakes, Muskoka Haliburton Orillia, Northumberland Hills, Parry Sound, Peterborough and the Kawarthas, Quinte & District, Southern Georgian Bay
4 North Bay, Saul Ste. Marie, Sudbury, Thunder Bay, Timmins, Cochrane & Timiskaming Districts
5 Brantford Region, Cambridge, Guelph & District, Hamilton-Burlington, Kitchener-Waterloo, Niagara Region, Simcoe
6 Chatham-Kent, Grey Bruce Owen Sound, Huron Perth, London & St. Thomas, Sarnia-Lambton, Tillsonburg District, Windsor-Essex, Woodstock-Ingersoll

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Important information

The Ontario Real Estate Association (OREA) represents over 64,240 brokers and salespeople across the province who are members of Ontario’s 40 real estate Boards. OREA’s mission is to help Ontario REALTORS®, brokerages and Associations succeed. The Association serves its members through a wide variety of publications, educational programs and special services. The Association provides all real estate licensing courses in Ontario. REALTOR® is a trademark, which identifies real estate professionals who are members of the Canadian Real Estate Association and, as such, subscribe to a high standards of professional service and to a strict Code of Ethics.