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33 Yorkville condos . House prices nationwide rose 25% in the second quarter

33 Yorkville condos . House prices nationwide rose 25% in the second quarter. Average house prices rose 25.3% year-on-year in the second quarter of this year, and prices are expected to rise 16% year-on-year in the fourth quarter.Please Visit: 33 Yorkville condos to Get Your VVIP Registration Today!

By the end of the year, housing demand is still expected to be oversupplied, which will further push up prices, although the increase will slow down from the peak in the second quarter.

In the report, the “composite price”, the median price of various types of housing to be included in the statistics, is used as a weighted average to compare the changes of housing prices in different regions in different periods.

Comprehensive housing prices nationwide reached 727000 yuan at the end of the second quarter of this year, up 25.3% over the same period last year. In the housing market in 62 major regions, 89% of house prices are growing in double digits year-on-year. The price increase was mainly driven by single-family detached houses, with the median price rising 27.1 per cent to 765000 yuan in the second quarter of this year compared with the same period a year earlier. The median price of co-managed Baiwen reached 525000 yuan, an annual increase of 11.7%.

By the end of the fourth quarter of this year, Royal Real Estate predicts that housing prices across the country will reach 771500 yuan, an increase of 16 percent over the same period last year. This is the result of raising the forecast for April this year, taking into account the sharp rise in home prices in the second quarter. Although house price growth is expected to slow from its peak in the second quarter, market demand is expected to remain strong in the second half of the year as international students begin to arrive, as new immigrants, investors return and epidemic restrictions are lifted.

As far as the Greater Toronto area is concerned, the composite price of all types of housing increased by 18.2% year-on-year in the second quarter to 1.035 million yuan. The median price of a single-family house soared 28.2% to 1.301 million yuan. The median price of Baiwen increased by 8.6% year-on-year to 630000 yuan. Specific to the city of Toronto, the comprehensive price of all kinds of housing increased by 8.3% year-on-year to 1.115 million yuan, of which the median price of a single family independent house reached 1.55 million yuan, an annual increase of 14.8%. Bowen’s median price reached 695000 yuan, an annual increase of 5.8 per cent.

The Toronto City Council is currently discussing a series of income-increasing measures, including raising the land transfer tax on houses with a transaction price of more than 2 million yuan.

Phil Soper, president and chief executive of Royal Real Estate, said that in a city where residents already have to pay two land transfer taxes to the provincial and municipal governments, any increase in the tax would worsen the shortage of housing inventory in the area.

“the land transfer tax restricts the free movement of people and industrial and commercial enterprises and has the ability to destroy the urban economy.” “an increase in the land transfer tax will prevent people from moving in search of a better quality of work and life, which could worsen Toronto’s already scarce housing supply,” Sopa said. “

The comprehensive price of all kinds of houses in the Greater Vancouver area increased by 19.6% year-on-year in the second quarter, reaching 1.2025 million yuan. The median price of a single-family house soared 24.9% to 1.625 million yuan. The median price of Baiwen increased by 9.4% year-on-year to 700000 yuan. Within the city of Vancouver, the comprehensive price of all kinds of housing increased by 11.5% year-on-year to 1.305 million yuan, of which the median price of a single family house reached 2.35 million yuan, an annual increase of 14.6%. Bowen’s median price reached 774000 yuan, an annual increase of 4.4 per cent. Royal real estate expects house prices in Wenshi to rise by 15% year-on-year by the end of the fourth quarter.

Alba condos . House prices in the small town of Toronto have quadrupled in 10 years

Alba condos . House prices in the small town of Toronto have quadrupled in 10 years. The Toronto real estate board released the latest data on house prices in most areas in June and tracked average home prices in most district markets over the past decade.Please Visit: Alba condos to Get Your VVIP Registration Today!

Adjala-Tosorontio, a small town in the Simcoe area, topped the list with an increase of 312.8%, quadrupling in 10 years.

According to the Toronto Real Estate Board (TRREB) data for most regions in June, the average price of houses and apartments is still near all-time highs.

TRREB tracked the average selling price of all types of homes on the GTA market, which was $1075636 in June. In June last year, the average price was only $891167, an increase of 20.7% in 12 months.

In 2011, the average price of a GTA house and apartment was just $465412.

Graph showing average real estate price growth in Toronto, Peel Region, York Region, Halton Region, Durham Region and parts of Dufferin and SImcoe Counties between 2011 and 2021 to date as of June.

The picture above shows the average house price increase in each region from 2011 to June 2021, with the largest increase in Durham district, which is as high as 183.8%, and the highest price in York district, with an average price of $125 0264.

The house price in Adjala-Tosorontio, a small town in the Simcoe area, has more than quadrupled from $363000 a decade ago to $1.5 million now, an increase of 312.8%.

Two small towns in York increased by more than 200%, with East Gwillimbury up 251.4% and Georgina town up 208.8%.

New condos scarborough . Will the Miami building collapse happen in Canada?

New condos scarborough . Will the Miami building collapse happen in Canada? When Jack Driscoll saw the video of the collapse of the Surfside apartment building in Florida.

Driscoll lives on the second floor of a 12-story apartment in the Dartmouth district of Port Halifax. He could lean over the balcony railing and look directly at the water below slapping against the concrete foundation.

“you can’t help thinking ‘what if’,” he said. “what if there’s a flood?” What if there are cracks in the concrete? “

According to the 2016 census, more than 3.6 million Canadians live in apartments. More than 30% of Vancouver’s city dwellers are apartment dwellers, the highest proportion in Canada.

After the collapse of Surfside’s building, apartment residents with Driscoll’s ideas were asking if their building was at risk of a similar disaster.

According to the Canadian condominium Association, there are 113000 condominium companies in the country. There has never been a major structural accident in an apartment building in Canada. Check regularly to find potential problems before they become a disaster. And almost all condominium buildings must set aside funds to cover future maintenance costs. None of these protective measures are mandatory in Florida.

“We have a big problem,” said Eric Glazer, a condominium lawyer for Fort Lauderdale. For years, he has advocated stricter regulation of condo buildings.

“now, we have a credit system here,” he said, adding that it is mainly up to the condominium committee to monitor whether their buildings need to be repaired.

Only two counties in Florida require any form of official inspection of these buildings, and these inspections only need to be carried out when the buildings are 40 years old.

This is what happened to the collapsed building. It was built in 1981 and conducted its first condition assessment in 2018. It found serious structural problems that cost millions of dollars to repair. Although the inspection engineer found no sign of the imminent structural failure, it was clear that the necessary work needed to be carried out immediately.

However, when residents received a bill of $9.1 million, many of them refused to approve the necessary work.

It took three years of fierce infighting before they finally reached an agreement, but by that time the cost had soared to about $15 million. The building collapsed as soon as the homework began.

In Canada, the rules for the inspection of apartment buildings are very different.

Depending on the province, buildings must be assessed every three to five years to develop reserve fund studies, also known as depreciation reports in British Columbia.

These studies estimate the possible maintenance and replacement costs of major components such as roofs, windows, elevators, balconies, heating and air conditioning over the next 30 years.

The apartment committee outside Prince Edward Island is required to pay for these potential future costs through monthly apartment fees, which all owners have to pay for the operating costs of the building.

The reserve fund research process includes regular site inspections of buildings.

“in Ontario, you don’t have to wait 40 years to find a problem that has been obvious for a long time,” said Chris MacMillan, a registered reserve planner. He is the owner of AvidCRP in Barrie, Ontario.

MacMillan works with the condominium board to make sure they set aside enough money to keep the building in good condition. He believes that the kind of problems found in collapsed homes in Florida will be discovered more quickly in Canada. “when we study the reserve fund on the ground, we will find this signal of danger,” he said. “

But many older condos are trying to recoup their reserves because they are not required by law to provide appropriate funding for construction. They have now reached the age when a great deal of necessary maintenance is needed.

“I want to say that if your building is 30 to 40 years old, you should have concerns,” MacMillan said. Not that it will collapse, but that you should take action on any visible problem. “

This can be expensive. MacMillan says, for example, that an old building he is dealing with costs 10 million yuan for maintenance, but the early savings are not enough to cover the cost.

MacMillan says it is not accurate to calculate how much money is saved. Although the life of major items such as roofs, heating systems and windows is well known, things may change. For example, a sudden leak could lead to the replacement of roofs in 10 years, rather than the expected 20 years later, and raw material prices could soar, such as during the COVID-19 pandemic.

However, if the reserve fund is properly maintained, there should always be a large amount of money available to cover most of the costs. MacMillan said that the aim is to prevent expensive maintenance costs in the future by paying for regular maintenance.

Pre construction condos scarborough . The epidemic has made holiday homes popular

Pre construction condos scarborough . The epidemic has made holiday homes popular. During the outbreak, many citizens bought a second home as a holiday home in order to escape the virus and flee the city, and there are still many potential buyers following suit.

However, experts warn that the process of holiday real estate loans is different from that of ordinary homes, in which lenders consider more than the creditworthiness of buyers. According to a report released by Re/Max in May, 59 per cent of people planning to buy leisure property next year are experimenting with the property sector for the first time.

While the company’s 2021 leisure property report said prices were rising, 22 per cent of respondents said lower interest rates had increased people’s ability to buy homes.

Donna Murphy, a mortgage broker at TGM The mortgage Group, says it is important to work with real estate agents who are familiar with leisure real estate. “make sure your partner knows what you’re looking for and what your short-and long-term goals are.” If the buyer does not have the cash to buy the holiday property directly, they can choose a mortgage loan, or they can cash out the second mortgage of the existing house, which is a combination of the two.

In general, other things being equal, the more similar the properties of a vacation property to an ordinary home, the easier it is to get a mortgage, such as convenience, protection from the cold and access to water, Mr. Murphy said.

Toma Sojonky, a mortgage broker in Westwin, British Columbia, says it is sometimes easier to remortgage his home than to get a loan directly for a vacation property. ‘There are still many inherent nuances between recreational real estate and ordinary detached houses, which makes it difficult or impossible to apply for loans directly,’he said.

Each situation is unique, Ms. Murphy said, but she estimates that, on average, changes in mortgage stress test rules in June reduced the maximum amount of mortgages that borrowers can apply for by about 5%. This amount could have an impact on a hot market. Murphy added that buyers who do not meet the new stress test rules have other options, such as considering borrowing from other lenders, but it is best to be prepared, which will pay a little more interest than banks.

多伦多 楼花 2021房价按年激增25%

多伦多 楼花 2021房价按年激增25%。今年6月全国房屋销量与5月相比趋缓,新上市挂牌量略降,不过与去年同期相比,销量仍有两位数增长。房屋价格按年激增约25%。









Plaza on yonge condos . According to a report on sales of luxury homes in Vancouver released by Sotheby’s International Real Estate

Plaza on yonge condos . According to a report on sales of luxury homes in Vancouver released by Sotheby’s International Real Estate, the prices of luxury homes with prices above 10 million yuan increased by 300% compared with the same period last year.Please Visit: Plaza on yonge condos to Get Your VVIP Registration Today!

“the record-breaking sales show strong local and global interest in Vancouver real estate,” Firth said. Vancouver is a very popular city because it offers a wonderful way of life and we would like to see continued interest in the urban luxury market. “

The 20-year-old Belmont mansion has 12 bathrooms and five bedrooms. Designed by Ernest Collins Architect Construction Company, in cooperation with the owner, it took more than 5 years to build.

Every element in the house is carefully selected. There are six parking spaces, a stone waterfall and a magnificent hall. The facilities listed by Sotheby’s include more than three fireplaces, heated floors, a gym, a library, a hot tub and indoor swimming pool, a steam room, a floor sprinkler system, marble countertops, private elevators and wine cellars. The mansion also has a circumferential platform and terrace overlooking the sea and mountains on the north shore.

Foreign buyers bought 107000 homes in the US, down 31 per cent from a year earlier. In terms of total home purchases, the total price of buyers from China in the United States reached $4.5 billion during this period, the highest in the world, but it has fallen sharply from the peak of $31.7 billion in 2017. This was followed by $4.2 billion in Canada, $3.1 billion in India, $2.9 billion in Mexico and $2.3 billion in the UK.

But in terms of the number of homes bought, Chinese buyers bought 6300 homes in the US, accounting for 6 per cent of all foreign buyers, ranking third among countries, behind Canada with 8 per cent and Mexico with 7 per cent. This is also the first time that Chinese buyers have fallen to the top spot in the share of foreign buyers in the United States since 2015.

From all over the United States, Chinese buyers are most favored by California, which is closer to China. 34% of Chinese buyers in the United States buy homes in California, followed by Georgia, which attracts 10% of Chinese buyers. New York and Michigan tied for third place on the list of Chinese buyers’ destinations with 8%.

The report also found that the average price of Chinese buyers buying property in the United States was $710400, second only to the $718000 bought by British buyers. 13% of Chinese buyers buy houses for their children to go to school, the highest in the world. According to the National Association of Realtors, non-residents buy American property mainly for rent collection or vacation.

Riocan living . The listing price of the most expensive mansion is as high as 58 million yuan

Riocan living . The listing price of the most expensive mansion is as high as 58 million yuan. The Vancouver luxury agency said it recently sold the most expensive house in the history of Dawen area for 58 million yuan, but would not disclose the final transaction price.Please Visit: Riocan living to Get Your VVIP Registration Today!

According to Sotheby’s International Real Estate (Sotheby’s International Realty), a luxury property on Belmont Avenue (Belmont Ave.), known as the “Belmont House” (Belmont Estate), sold at a record price. Christa Frosch, a real estate agent, declined to disclose the price on privacy grounds, or even to answer the question of whether the sale price was above or below the listing price.

A spokesman for the company said that out of respect for both buyers and sellers, Sotheby’s International Real Estate will not provide listing price information. However, the current listing price on the company’s website is 58 million yuan.

In February 2020, the mansion on Belmont Avenue in Wenxi was put up for sale at the same price. In 2017, the property was also listed for sale at a price of 63 million yuan. According to the BC property valuation website, the property has not had any sales record for at least the past three years.

What Sotheby’s International Real Estate can confirm is that the previous record price in the Greater Windy area was 31.1 million yuan set in 2016, so the price of the Belmont mansion will only be higher.

The property, with an indoor area of 21977 feet, is located in the Winsigley Point Community (Point Grey) and covers an area of 1.28 acres.

Firth said that both international buyers and local residents were interested in the property, and it was the Canadians who eventually bought it. “this shows the purchasing power of the local market. Although the epidemic has restricted travel, the demand for luxury homes still exists.


多伦多楼花拟建商住混合物业。密西沙加克雷迪特港(Port Credit)邻近的1.48公顷土地,日后将会发展成一项商住项目。

发展商Edenshaw Developments及金融机构Windsor Private Capital指出,已向都会联通(Metrolinx)购入克雷迪特港轻铁站的一幅1.48公顷土地,计划兴建一幢多层商住物业;声明指,该地点是全新轻铁、GO火车及密西沙加巴士的交汇处。


都会联通售出的1.48公顷土地,是位于公园街(Park St)以北,安街(Ann St)以东,目前是一个停车场;日后会兴建成1幢拥有写字楼及住宅的商住混合式物业。


根据Edenshaw的网页指出,在安街GO车站以南的一幢楼高22层、提供359个住宅单位的项目,现正兴建中,但全部单位已经售出;在公园街的一个拥有一幢15层高柏文及镇屋的发展项目,亦正在兴建中;另外,位于伊利沙伯皇后道(QEW)以北休伦大略街(Hurontario St)亦拥有一个发展项目。


都会联通发言人艾金斯(Anne Marie Aikins)表示,克雷迪特港轻铁站的兴建,预计2021年秋季完工。

多伦多 买 楼花租金上涨速度比其他社区快?

多伦多 买 楼花租金上涨速度比其他社区快?最近,多伦多的房租价格有涨有跌,随着市场从大流行的低点复苏,公寓的价格连续一年多来逐月上升。


Bullpen Research & Consulting和TorontoRentals.com最新的多伦多GTA租金报告指出,虽然多伦多本地和GTA整体的平均租房价格已经开始再次缓慢上升,但一些社区仍然比其他社区便宜,并且仍然看到下降。

在城市本身,像Cabbagetown-South St. James Town、North St. James Town和South Parkdale这样的社区是目前租金最便宜的,而Rosedale-Moore Park、Bay Street Corridor和Waterfront Communities-The Island的租金最贵,也是最活跃的房源。

不过,当谈到最近的价格变化时,像Corso Italia-Davenport和Dufferin Grove这样的地区出现了巨大的飞跃:从2021年第一季度到第二季度,平均租金分别增加了22.8%和11.2%。


Bullpen总裁Ben Myers就这份最新数据表示:”在过去十年中,新公寓建设水平较低的社区,2021年多伦多市的租金涨幅最大,供应不足的理想社区在疫情期间率先复苏。”



Concord condos for sale toronto . Foreign real estate ranking

Concord condos for sale toronto . Foreign real estate ranking. The report also found that house prices in the United States are still much cheaper than in many parts of China.

For example, the average price of a house in New York, Jersey City and Baiyuan Town, Shangzhou is $2930 per square meter, compared with $28670 per square meter in Hong Kong and $11829 in Shanghai.

But at a recent report release forum, George Chmiel, executive chairman of Juwai, which serves Chinese buyers of foreign homes, said that Sino-US relations have stabilized since Biden took office, making it easier for Chinese people to obtain US visas, and Chinese buyers’ interest in the United States has rebounded. In terms of inquiries about Chinese buyers buying houses abroad in the first quarter of this year, the United States became the second largest destination after Thailand, while the United States ranked fourth among Chinese buyers in 2019 after Thailand, Australia and Japan.

The median selling price of second-hand homes in the United States reached an all-time high of $363300 in June, according to a report released last Thursday by the National Association of Realtors. ‘The demand for home ownership in the United States is very strong, so the reduction in purchases by foreign buyers has not put pressure on the overall market, ‘said Lawrence Yun, chief economist of the association. Rong Xiaoqing, a reporter from Sing Tao, reports from New York. “A listed house in Arlington, Virginia.

Soper said banks would generally be very cautious about the risk assessment of second-tier assets for a second property owned by the same owner.

He said that the survey found that 7 per cent of the owners would leave the second property vacant, reflecting that the properties were leisure properties belonging to villas, but young owners were unlikely to leave these properties vacant and should rent them out in the form of Airbnb for a short period of time.

Soper said that as Toronto may introduce a property vacancy tax in 2022, it may have an impact on the number of vacant properties.

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