Brand New only 6 Detached Corner House-Waterloo's Great HOUSING INVESTMENT OPPORTUNITY. Offered by Adnan Hashmi

Brand New Corner Detached Only 6 Available,

Prices start From $579,900 ,

Closing : 4 Months,

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Steps Away from best school,

Minutes away from both Waterloo universities, Shopping Malls, Best Area,

Call Adnan Hashmi Broker of Record Wolf Realty Inc, 6478856364,9057961127

EMAIL:Realtor4canada@gmail.com www.adnanhashmi.realtor

Mississauga 9Br+5Br Detached House-Great live/Investment Opportunity!!

9 Bedrooms On Upper Level, 8 Principal Rooms On Main Floor 5 Large Rooms In Basement. 5 Washroom Can Be Converted To Many Uses. Great Home For Family Practice White Collar Professionals Location Location Location CLOSING Any Time FIRST COME FIRST SERVE Price : $1,300,000 Call Now 6478856364 or Email: realtor4canada@gmail.com

If you have any questions or would like to RESERVE UNIT, call or email me. Adnan Hashmi Broker of Record Wolf Realty Inc.,Brokerage Direct: (647)885-6364 Bus: (905)796-1127 EMAIL:realtor4canada@gmail.com www.adnanhashmi.realtor

Just Listed.Mississauga Beautifully upgraded Home With Finished Basement

Just Listed.Mississauga 'Wolf' Presents!! Beautifully upgraded Home With Finished Basement Apartment & Separate Entrance.$$$$ Spent!Back To Park, Excellent For First Time Buyers Or Investors.Open Concept Layout,Huge Lot,Very Convenient Location,Close To Bus Stop, Place Of Worship,Wal-Mart,Shopping,Schools,Recreation Center,Library & Hwy 427.Listed Price $649,900. Call Adnan Hashmi Broker of Record Wolf Realty Inc 6478856364,9057961127 www.adnanhashmi.com

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New mortgage rules fail to cool GTA housing market !!!

The latest mortgage rules fail to cool GTA housing market as prices spike in the 'burbs.Higher down payment requirements appear to have little effect.The New mortgage rule changes have failed to slow the blistering pace of home sales, according to numbers released Friday and they may have actually pushed prices higher in parts of the GTA that are still considered affordable.

Adnan Hashmi

Good News !! 2 New Universitites-1inBrampton-1inMilton

Ontario Finance Minister Charles Sousa in Brampton &Deputy Premier Deb Matthews in Milton announced today about 2 New Universities one in Brampton and One in Milton. a Brampton university provides the “game changer” needed to help Canada’s ninth largest city boosts its profile and grow its economy. "Creating this facility will help the citizens of Brampton access top-notch post-secondary education close to home and will help them develop the skills they need for the jobs of today and tomorrow," said Sousa .The province will launch calls for proposals in January 2017. The facilities will be set up in two of Ontario's rapidly growing communities and focus on science, technology, engineering, arts and math.

Now its Rental Market !!! Struggle to Rent in 'crazy' real estate markets

Despite all the towers, all the cranes, all the high rises ... there is a limited number of rentals in the city

Condo rents in the GTA soar as demand outstrips supply.

Toronto's vacancy rate of 1.6 per cent is also well below the rates in other large Canadian cities, including Montreal (four per cent), Calgary (5.3 per cent) and Halifax (3.4 per cent).Toronto's condo rental market "has become severely undersupplied," with rents rising to an average of just under $2,000 per month.  Overall, condo rents rose nine per cent in the third quarter compared to the same period last year, with the average condo now renting for $29.14 per square metre ($2.71 per square foot), or $1,986 per month.

Why?? New renters enter the market, existing tenants aren't creating new vacancies, since they're choosing to keep renting instead of trying to buy a pricey home.That combination contributes to a "very tight rental market," Also

"Notably higher qualification standards for first-time buyers and reduced credit availability for investors should put even more pressure on the market,

The tougher stress test is expected to affect first-time buyers the most, which could put even more demand on the already stretched condo rental market.

Adnan-Hashmi

Adnan-Hashmi-Realtor

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Adnan Hashmi

Durham may be the GTA's hottest market...

Some Reports suggest that the strongest growth in Greater Toronto Area real estate prices over the past year is happening outside of Toronto.With a 26 percent jump in the average house price (including condominiums), Oshawa leads the pack of GTA municipalities. The GTA average is 13.6 percent. In Toronto, the average price jumped 12.1 per cent, according to the report.

Durham region as a whole has also seen a 26 percent jump in the average price, according to the Durham Region Association of Realtors.

Although the prices and demand may be surging in the suburbs, homes there are still more affordable than in Toronto, where the average price of a detached house is over a million dollars

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Ten-tower condo development in downtown Mississauga to be unveiled Tuesday

Rogers Real Estate Development Limited will be unveiling its plans for a 10-tower development on 15 acres of land, located at the southwest corner of Burnamthorpe Road West and Confederation Parkway.

The early site map Rogers Real Estate provided to the City outlines plans for what it called GardenCity Mississauga, a 10-tower development on a downtown Mississauga site bounded by Burnhamthorpe Road to the north, Confederation Parkway to the east, Webb Drive to the south, and Pinnacle International’s Grand Park development on the west.

The site in Mississauga, a large suburban city just west of Toronto, is the last remaining parcel of undeveloped land of its size in the area.

Proposed towers range in height from 21 to 30 storeys up to 51 to 60 storeys. Podiums would be three to six storeys high. “The broad range of tower heights at GardenCity will contribute to visually distinctive and rapidly evolving Mississauga skyline,” text accompanying the map reads. “Towers should be oriented to take advantage of views of City Centre, Lake Ontario, and major open spaces.

What marijuana legalization could mean for Canada's real estate market

Calgary Eyeopener explores possibilities, both good and bad, for owners and buyers

By Falice Chin, CBC News Posted: Sep 15, 2016 12:01 PM MT Last Updated: Sep 16, 2016 2:47 PM MT (News Courtesy)

Imagine if every Canadian adult was allowed to grow marijuana at home. What would this do to our real estate market?

The answer depends on who you ask.

In Colorado, where pot has been legal since 2014, homeowners can keep up to half a dozen pot plants indoors — and that's causing a "green boom" in cities like Denver.

"A lot of people are into the grow-your-own movement out here in Colorado and most of my people are growing cannabis for medical use," said Rona Hanson, a longtime realtor in Denver who runs a grow-friendly listing called Need Room to Grow. 

"I find houses that have areas in them or spaces that people can have small home gardens, whether it's for growing cannabis or just doing herbs or whatever they like," said Hanson, adding homes with proper greenhouses tend to sell more quickly.

• Inability to test marijuana high could pose risk to oilpatch workers, says expert
• Calgary marijuana accessory store sees possibilities in pot legalization

"We have 120,000 people moving to our state each year for reasons that include the cannabis freedom that we have."

Mould, vermin, chemical contamination concerns

If you want to grow cannabis at home (for medical use only) north of the border, you have to apply for a licence through Health Canada.

The Access to Cannabis for Medical Purposes Regulations came into effect in August 2016. Because these personal licences involve sensitive medical information, it's difficult to find out who is growing at home and where.

As the Liberal government moves ahead to legalize marijuana in 2017, the scope of the law could very well expand.

• Medical marijuana easier to grow at home with new rules
• Medical marijuana patients can grow 'limited amount' of cannabis at home under new laws

And, if we go the way of Colorado, home buyers best start looking for a good house inspector.

"The marijuana plant requires a lot of humidity for it to prosper," said Gary Barnes, president of Western Site Technologies in Calgary.

"Even for six plants, that is ultimately going to cause problems unless you have proper air exchange."

Good airflow costs money, and Barnes doubts most homeowners would actually pony up the cash for a small weed operation.

"I don't think you're going to put in a multi-thousand-dollar air exchange system in your house in order to control that. Therefore you're going to get mould."

And mould is not good.

"Depending the extent of the damage, whole walls might have to be ripped out," said Adam Jackson, who works with government officials to oversee the remediation of grow-op homes in Alberta.

But mould is just the tip of the iceberg in terms of potential damages.

"There are a number of nuisances that take place," said Jackson.

"It can be anything from the chemicals and fertilizers being dumped down the drain, or they're leaching through the carpets and the walls. Bugs are another big thing. People will use pesticides."

Buyer beware, especially during transition period

In the past, when someone grew pot at home, that person was breaking the law. Police had every right to bust the criminal.

But now that some Canadians have been given private licences to grow at home, it has become a confusing, transitional period — and Barnes said law enforcers are more reluctant to crack down.

In the past, Alberta Health Services appointed Western Site Technologies about 60 remediation cases per year. This year, the company has received two.

"I'm sure there are houses on the market right now that have been grows that are going to have no disclosure and it's buyer beware," Barnes said, adding that this is an issue that affects any type of house.

"You think you're going to into an upscale neighbourhood and buy a house that's a million dollars and you figure nobody's going to put a grow on that? You're wrong."

Real estate groups lobby against calls for GTA foreign buyers tax

Calls for the implementation of a tax on foreign buyers of property in the Greater Toronto Area are "premature," a pair of real estate groups say.

In letters to Ontario Finance Minister Charles Sousa and Toronto Mayor John Tory, the heads of the Toronto Real Estate Board (TREB) and the Ontario Real Estate Association (OREA) say introducing such a tax would be "a knee-jerk reaction to a problem which we do not fully understand."

• Plunge in foreign real estate deals pleases B.C. premier
• Ontario will need to implement foreign buyer tax on housing, CIBC says

TREB president Larry Cerqua and OREA president Ray Ferris wrote that a foreign buyers tax will do "little to address the growing affordability challenges facing many Ontarians and may have negative consequences for our broader economy."

The groups argue that more information is needed to get a better understanding of foreign buyer involvement in Toronto's housing market.

Slower activity

The government of British Columbia recently introduced a 15 per cent tax on foreigners buying property in Greater Vancouver. In the wake of the tax's introduction, housing activity in Vancouver area has slowed considerably. Reaction seems to have been swift — the Real Estate Board of Greater Vancouver said house purchases declined by 26 per cent in August compared with the same month a year earlier.

The arrival of the tax in Vancouver led to suggestions that foreign interest in real estate will shift to other markets, including Toronto, which has already seen significant home price gains, just not on the same scale as Vancouver. High-end real estate seller Sotheby's recently said it expects a lot of demand in Vancouver's luxury market to move to Toronto.

Little choice: economist 

There have been a pair of calls recently for a tax on foreign homebuyers in the Toronto area to help cool the market. 

CIBC economist Benjamin Tal said Ontario will have little choice but to implement a tax similar to that of British Columbia. Tal said the main reason behind higher prices around Toronto is a policy-driven lack of land supply, leaving a tax as one of the only levers available to influence the market.

• Record Toronto-area home sales, average prices soar in August

In addition, former federal finance minister Joe Oliver, writing in the National Post this week, said Ontario should quickly impose a 15 per cent tax on purchases by non-residents and foreigners of residential property in certain Toronto-area communities.

Sousa said earlier this week there are no plans at the moment to implement a tax in Toronto similar to Vancouver's.

"Our government will continue monitoring the housing market in both Ontario and B.C. over the course of the next few months to see the impacts of the recent decision by the government of B.C.," Sousa said in a written statement.

• Tax on foreign homebuyers would be 'horrible,' Toronto real 

Vision for LRT transit stops in Mississauga taking shape

News Courtesy Mississauga News By Rachael Williams 

Iconic transit station designs are in the works at four locations along the 20-kilometre Hurontario light rail transit line in Mississauga.

Port Credit, Cooksville, Rathburn and Hwy. 407 have been characterized as high priority stops along the city’s $1.3 billion LRT transit line. Identified in an “LRT stop hierarchy” staff report, presented to general committee on Wednesday, greater detail will be paid to the stations’ architecture, volume and scale, materials, passenger comfort and lighting.

“I think this is the most vital piece, the aesthetic piece, the place-making exercise, making this thing warm, fuzzy and sexy,” said Ward 7 Coun. Nando Iannicca.

The four stations were identified as level three signature stops because they represent important gateways and entrances to the City.

Port Credit and the Hwy. 407 stops bookend the 22-stop route. Rathburn Road and Hurontario Street is located in the heart of Mississauga, near the Civic Centre, Celebration Square, the Living Arts Centre and Square One Shopping Centre, while the Cooksville stop will connect the LRT with the Milton GO train line and will undergo a major transformation as part of Vision Cooksville.

Level two stops, or “boosted design” stops, are second on the three-tier hierarchy and are slated to receive some visual enhancements and added design features.

Details are yet to be released on the specifics of the design. The city will be using a Metrolinx procurement process since the provincial agency is footing the bill for the LRT. That procurement process is much less prescriptive than that of the municipality, and will rely on the creativity of companies who will submit bids for the design and construction of the project. As such, costs have yet to be determined.

Level two stops have been identified as follows: Derry, Matheson, Eglinton, Robert Speck, Duke of York, The Exchange, Dundas and Queensway.

The base design stops, or level one stops, will be constructed in lower density areas along the corridor.

Steven Bell, manager of downtown collaborative for the city, said the base stops will not be utilitarian, but rather, will “set the minimum threshold for stop design that projects a strong civic quality and aesthetically pleasing form.”

These include: Courtneypark, Britannia, Bristol, Matthews Gate, Central Parkway, North Service and Mineola.

Closing the discussion was Mayor Bonnie Crombie, who issued a stern warning to staff and council: “In 1995, the new government of the day cancelled the Eglinton-Crosstown Subway. We don’t want to be victim to that same fate. So we just want to make sure that this, our plans, are so far down the line that when we break ground in 2018, should there be a new government, they would never think about cancelling our shiny new train.”

Construction for the proposed LRT is set to begin in 2018.

Tax on foreign homebuyers would be 'horrible,' Toronto real estate lawyer warns

A 15% tax on homes would tell foreigners Toronto is 'closed for business,' Bob Aaron says

News Courtesy : By Chris Glover, CBC News Posted: Sep 20, 2016 6:40 PM ET Last Updated: Sep 20, 2016 6:40 PM ET

A Toronto real estate lawyer warns introducing a tax on foreign homebuyers would be devastating for the Toronto housing market.

His warning came Tuesday after a prominent economist said it was only a matter of time before the surcharge would come into effect in the Greater Toronto Area.

• Ontario will need to implement foreign buyer tax on housing, CIBC says

"So much of [Toronto's real estate] is owned by foreign owners, and we welcome their investments," said Toronto real estate lawyer Bob Aaron.

"It's important to our economy to have foreigners investing here. If we cut off the supply it's going to say Canada is no longer open for business, we're closed for business, we don't want your money; that's going to reverberate throughout the economy."

This summer, British Columbia introduced a 15 per cent tax on foreigners buying property in Greater Vancouver. In a statement Tuesday, Ontario's finance minister Charles Sousa explained there are no plans at the moment to implement a similar tax in Toronto.

"Our government will continue monitoring the housing market in both Ontario and B.C. over the course of the next few months to see the impacts of the recent decision by the government of B.C." Sousa said in a written statement.

• BC to tax foreign buyers of Metro Vancouver homes

Sales in Vancouver dropped 26 per cent in August compared to a year ago, following the introduction of the tax on Aug. 2.

"The perception of the tax, rather than the tax itself caused a slump in the market and if we had a slump in the market the default rate in mortgages across the board would be horrible," Aaron said. "The banks cannot risk that level of default, and it will happen."

Prices in Vancouver continued to rise, however, with the benchmark price for all residential properties climbing 31.4 per cent from a year ago to $933,100.

Some industry observers, including CIBC senior economist at Benjamin Tal, have voiced concerns that Vancouver's new 15 per cent tax on foreign buyers could send investors to Toronto, driving up prices in a market that is already scorching.

• Record Toronto-area home sales, average prices soar in August
• 'Troubling trend' as Toronto real estate market sees record sales for July  

At City Hall Tuesday, Mayor John Tory said he would continue to give the same "non-answer" he's given for months on the tax — he's not sure the foreign buyer phenomenon in B.C. is a problem in the GTA.

"I know there's a problem with affordability ... and as yet, there's no one that's reached any conclusions or given me any advice that there's an identifiable problem that we can attach a solution to."

The mayor said more details about his plans for the future of housing in Toronto would be made available Sep. 30 at the Affordable Housing Summit in Toronto.

"We are watching it very closely and the main thing that I'm focused on ... is increasing the supply of affordable housing. That, I think, is the single thing that I know we can do," said Tory.

The Toronto Real Estate Board (TREB) echoed the mayor's concern that it is too early to support or nix the idea of a tax on foreign homebuyers.

"I don't think there's enough information there to make the hard and fast conclusion that we have seen a carry over of would be foreign buyers from Vancouver into the Toronto market," said Jason Mercer, the director of market analysis with TREB.

The provincial government and the housing industry isn't in a position to create policy on foreign buyers, because no one tracks the amount of foreign buyers purchasing homes in Toronto, Mercer said.

The Canadian Mortgage and Housing Corporation (CMHC) recently issued a report highlighting that the share of foreign ownership of condos in the Toronto CMA was 3.3 per cent in 2015.

In the last federal budget, $500,000 was allocated to address the "data gap" on the amount of foreign activity in Canada's housing market.

But stakeholders, including TREB, say the priority needs to be ending the chronic shortage of supply of housing in Toronto.

Your Home Made More Than You Did Last Year..

In other words, for the typical Canadian, your home made more than you did last year, 

-Advertisement-

“And that pile of bricks (or lumber, or plaster, or glass) just sat there, while you had to grind it out every weekday and maybe more.”

Here’s how much your house made — or lost — by city of residence.

Greater Toronto: $107,362Average house price: $746,546, up 16.8 per cent in a year

Greater Vancouver: $103,881Average house price: $1.026 million, up 11.3 per cent in a year

Montreal metro area: $12,317 Average house price: $353,535, up 3.6 per cent in a year

Halifax-Dartmouth: $8,212 Average house price: 290,421, up 2.9 per cent in a year

Calgary: $752 Average house price: $466,717, up 0.2 per cent in a year

Edmonton: -$1,257 Average house price: $374,365, down 0.3 per cent in a year

Ottawa: -$5,287 Average house price: $378,389, down 1.4 per cent in a year

Article Courtesy huffingtonpost.ca

Condo Buyers' Demands Are Changing Like Never Before

 Courtesy :Wayne Karl  huffingtonpost

There's no question condominiums are an increasingly popular housing choice for Canadians for a variety of reasons -- lower costs and prime inner city locations chief among them. But this also means condo buyers' demands are changing like never before.

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For many buyers, proximity to transit is essential, while others prefer a location in the heart if the city. Some want a parking spot, and others are OK with a nearby car-share service. Many want on-site recreational facilities, while for some, Wi-Fi is one of their must-haves. Some unit owners want to simply come and go, while others want to sit on the condo management board so they have a say in building operations.

In Toronto, where Canada Mortgage and Housing Corp. recently confirmed the market is not being overbuilt, buyers there might have completely different needs than those in Vancouver or Calgary.

In Toronto, a dearth of supply of lowrise housing is leading to skyrocketing prices in that category, leading many buyers to opt for condos.

"If you don't want a ghastly commute, a downtown condominium has been the choice for many cash-strapped Torontonians," says condo market analyst Ben Myers. "Interestingly, countless condo dwellers who were once very skeptical about highrise living, have converted to loving the walkable convenience of downtown, and the maintenance free lifestyle that a condominium provides."

"Many major condo developments are turning into self-sustaining communities," Toronto broker Anthony Jong told YPNextHome. "They are essentially a neighbourhood within a neighbourhood. These projects combine retail, commercial offices, residential condos and an abundance of creative amenities in one community that benefits a variety of lifestyles."

Condo developers are increasingly thinking about lifestyle and designing projects that appeal to residents looking to live in a particular neighbourhood for very specific reasons. Think unique common spaces and amenities to afford occupants more freedom; expanded spaces for a variety of lifestyle choices, encouraging residents to step outside of their unit and enjoy their new community.

Then there's the whole question of investors, who have a completely different set of condo buyers' demands than primary homebuyers. "All investors care about is making money," one industry expert told YPNextHome recently. "They could care less about the bells and whistles."

These bells and whistles might be something as simple as green features such as energy efficient appliances and lighting -- valued inclusions for those who buy a unit to live in. For investors, however, these luxuries -- or anything else that results in higher unit purchase costs or condo fees -- may cut into their bottom line.

And that's if developers even make the latest available tech features available in their projects. Not all of them do, until any new technology is tried and true -- and they know consumers want and are willing to pay for it.

Operating costs are an important consideration -- even if many condo unit owners don't realize it - -and focus only on purchase price. "Maintenance fees are the number one issue for condo dwellers," says Jeanhy Shim, president of Housing Lab Toronto, adding that 30 to 40 per cent of a building's operating costs are related to energy.

There are some very tangible reasons, then, why condo buyers should care about being green, energy consumption and building technology.

Indeed, the list of condo buyers' demands is vast, varied and growing all the time.

Adnan Hashmi Realtor

Canadian Real Estate Isn't That Expensive Thanks To The Loonie: Bank Of America

You can buy a Canadian home for less now than you could at any time between 2010 and 2014.

If you're American. Or Chinese.

That's according to Bank of America Merrill Lynch Global Research

The bank's conclusion may be tough for Canucks to hear, especially after the national average sale price climbed 5.4 per cent in August from a year prior, the Canadian Real Estate Association (CREA) reported this week.

But look at the issue through a foreign currency lens and it actually makes sense.

"Homes are cheaper on both a U.S. dollar adjusted and Chinese renminbi basis than in 2010-2014," the bank said in a note released on Tuesday.

"Despite the high rates of home price appreciation, the continued appeal of Canadian real estate is reflected when adjusting home prices for the substantially weaker Canadian dollar."

ADNAN HASHMI