Sunday, February 13, 2011

Good Start to 2011!! Happy Valentines Day!

 

February 2011

 

Good Start to 2011! 

 

While February started Torontonians off with a major snowstorm, January's real estate numbers were being tabulated, and the results were enough to warm the hearts of many people. With 4,337 single family homes sold in January, 2011 was off to another great year for sales and price appreciation for G.T.A. property owners.

 

The average selling price for January 2011 sales was $427,037, representing an increase of over four per cent compared to the average of $409,058 reported in January 2010. All predictions point to price increases between 3%-5% in 2011, which keeps prices affordable for buyers entering the real estate market.

 

42.9% of the buyers in January (1,974) purchased in the $250,000 - $400,000 price range, indicating that first time buyers are buying homes and continue to be the driving force in the market place. It also shows that Toronto still has many affordable homes for first time buyers! These buyers start the chain of others buying their "next home" and in fact, 145 people purchased homes in excess of $1,000,000 in January.

 

The real estate market continues to be strong and there is really nothing on the horizon that threatens the continued demand for real estate which ultimately results in higher house prices

 

Please remember, "I am never too busy for your referrals!" Let me know if you know of someone who could use my expertise. I promise to take extra good care of them!

 

Have a great month

 

Sunny Batra 

Your Friend in Real Estate

Coming Soon

The Yorkville Condos 

Click here to view Sneak Preview Package

True Love is Timeless and True Love conquers All! 

I wish all my friends and business associates the joy of experiencing True love as it is the greatest gift of all!

 

 

 

 

 

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Posted via email from Sunny Batra's Blog

Sunday, January 16, 2011

Hottest and most noteworthy condo projects in the GTA for 2010!!

January, 2011

 

Dear Friend,


HAPPY NEW YEAR!


Another year has gone by and it is time to take stock of the Real Estate Market. 2010 started out as another record year for the Toronto Real Estate Board and by the end of June we posted a record six month period with 51,517 single family units sold. Unfortunately this activity level could not be sustained and the second half of the year was not as good. All in all 86,170 single family units were sold which made 2010 the 3rd best year for the Toronto Real Estate Board, behind 2007 with 93,193 units sold and 2009 with 87,308 units sold.

Average prices were up a whopping 9% so that if you bought an average price home in 2009 for $395,460 it would be worth $431,463 today. This once again proves the real estate remains a great investment.

What can we expect from 2011? A slight drop in the number of units sold with a modest increase in prices. The Real Estate Market will continue to be strong for the foreseeable future.

Are you thinking of moving in 2011? Get a jump on your competition and put your home on the market today. Yes, there may be fewer buyers around today than there will be in Spring but there is also a shortage of listings. If your home is well priced and shows well it may attract multiple offers.

I wanted to take this opportunity to wish you a happy, healthy and prosperous New Year and to remind you once again that I am never too busy to handle your Real Estate Referrals.


Sunny Batra

Your Friend in Real Estate.

 

Hottest and most noteworthy condo projects in the GTA for 2010

Toronto boasts more high-rise construction than any city in North America and 2010 was a big year for new GTA condos. In the words of Heath Ledger's Joker, "I wanted to see what you'd do. And you didn't disappoint."

Throughout the year we saw dozens of condo launches, re launches and a few outright condo failures. Looking back, we can say some of these projects stood out from the crowd. They may have had more hype, purchaser interest, noteworthy design, online interest or something else that caught our attention.

And so, without further ado, below are the hottest condos in the GTA in 2010 according to our analytics and our own opinions. Due to the fact that the list is both objective and subjective, the list is in no particular order.

Check them out below...Read more

 

By the way I'm never too busy to handle your referrals!

If you or anyone you know is looking to buy or sell, I'd love to offer my services.

 "Not intended to solicit Buyers & Sellers currently under contract with a Broker"

 

 

 

 

 

 

 

 

To unsubscribe to future emails please click here.

Posted via email from Sunny Batra's Blog

Wednesday, December 29, 2010

Hottest and most noteworthy condo projects in the GTA for 2010

Toronto boasts more high-rise construction than any city in North America and 2010 was a big year for new GTA condos. In the words of Heath Ledger's Joker, "I wanted to see what you'd do. And you didn't disappoint."

Throughout the year we saw dozens of condo launches, relaunches and a few outright condo failures. Looking back, we can say some of these projects stood out from the crowd. They may have had more hype, purchaser interest, noteworthy design, online interest or something else that caught our attention.

And so, without further ado, below are the hottest condos in the GTA in 2010 according to our analytics and our own opinions. Due to the fact that the list is both objective and subjective, the list is in no particular order.

 

Check them out below:

 

Number One Bloor

Was there any project with more hype than the launch of Great Gulf’s Number One Bloor on the site of the failed One Bloor? We don’t think so. With construction potentially starting in March, we are sure that One Bloor will surely be in the headlines again in the new year.

 

 

12 Degrees

This is one of BuzzBuzzHome’s favourites. Not only are the renderings below awesome and powerful, but the building is unique in that it is trying to offer more larger three-bedroom suites in the downtown core for families, something that would be a welcome lifestyle change to downtown condos.

 

 

Five Condos

With its sleek design and cool location, this project caught the attention of BuzzBuzzHome. But, more than just the looks appeal to us, we especially love how this project will transform Yonge Street.

 

 

Twenty One Clairtrell

This project has been trending on BuzzBuzzHome all year. People love it! We love it.

 

 

Downtown

Every now and again an idea comes along where you think to yourself, 'why didn't I think of that?!'

 

Downtown by Parallax Investment Corp. is bringing such an idea to the Toronto condo market, and it's called Flexinatur.

 

Flexinatur's tagline is 'Any Style of Living. Any stage of Life'. In a nutshell, you can buy multiple units next to each other, rent them out, then in a few years transform all the units into one large luxury suite. Love it! Brilliant.

 

 

DNA3

Coolest sales centre ever, and unique marketing campaign! Also, a wicked looking building that people are loving!

 

 

Bisha Hotel and Residences

When we first walked into the Bisha Hotel and Residences sales centre and were bathed in a dark glow resonating from the slick black and gold trimmed walls we knew we were in for a treat!

 

BISHA is positioning itself as the most luxurious place to live in Toronto and from what we saw last week it's hard to argue against.

 

The brain child of Lifetime Developments Principal Mel Pearl and CEO of INK Entertainment Charles Khabouth, Bisha was conceived through the shared belief that Toronto was missing something that a city of it's size and standing deserved - a luxury property that has a bit of a kick, an edge, and a lifestyle to it.

 

 

Studio on Richmond

Just check out the rendering below. Need we say more???


 

The Yorkville Condominiums

Not much is known about this project yet, but the rendering is slick and people are loving it.

 

I am thinking sell-out the first weekend the launch to the public.

 

 

Backstage on the Esplanade

Coolest online campaign, ever! First they had the “Name Our Condo” contest, where people were given the opportunity to literally name the condo, now they have a “virtual broker” program going on… what is next? Who knows, but there are a lot of prizes to be had, and an other cool rendering to check out!

 

 

Theatre Park

We don’t really have anything to say about this project, but it sure got a lot of hype going on!

Posted via email from Sunny Batra's Blog

Tuesday, December 28, 2010

The top tech trends to watch for in 2011

The top tech trends to watch for in 2011
This file photo taken on November 4, 2010 shows a South Korean model displaying Samsung Electronics' tablet computer, the Galaxy Tab, during the launch ceremony in Seoul.

Pre-New Year projections are nothing new in the tech world. As we get set to welcome in 2011, however, it’s becoming increasingly clear that the year ahead will offer more than its fair share of geek-infused excitement.

2010 was the year when Apple’s iPad finally broke the industry’s 15-year tablet computer hex, 3D television came to the big box store, and WikiLeaks underscored just how vulnerable we’ve become to relatively simple security threats. The new year promises to build on the past 12 months with a wave of better tablets, better security offerings, and an ever-accelerating stream of increasingly interconnected devices and services.

Pull out your crystal ball as we look ahead at the following trends:

Tablets

For now, Apple’s iPad has the tablet market largely to itself, but that will change dramatically early in the new year. New devices powered by Google’s Android operating system are already hitting store shelves — Samsung’s Galaxy Tab is a strong early contender for iPad-alternative status — and RIM’s PlayBook is showing promise in advance of its anticipated release in the first quarter of the year.

“I’m pretty sure 2011 will be the year of the tablets,” says Chris Brozenick, vice president and general manager of WeatherBug Mobile, a mobile app development company. “We’ve already seen it start to take off. There’s no question these are transformational devices and they’re already causing a shift in people’s habits.”

3D TV

Last year’s blockbuster film, Avatar, whetted consumers’ appetite for three-dimensional content just in time for the first 3D flat-screens from major manufacturers to hit store shelves. But the majority of these first-generation televisions required users to don finicky and expensive glasses. And don’t even think about carting your glasses to your friend’s house, because the lack of industry standards means most of them won’t work with televisions from other manufacturers.

“This isn’t just inconvenient,” says Dave Evans, chief technologist with Cisco’s Internet Business Solutions Group (IBSG), “it precludes being able to experience 3D outside the home, like at the mall or at a car dealership. It’s a burden in many ways that today’s screens require glasses because it’s another thing you’ve got to carry around, another device you’ve got to worry about.”

Evans says new 3D TVs that don’t require glasses will allow the technology to become much more pervasive and easy-to-use in 2011.

Pico projectors

Everyone’s familiar with the overhead projectors that drive yawn-inducing PowerPoint presentations everywhere. Shrunken versions of those devices, typically the size of a deck of cards and known as pico projectors, have been available for the past couple of years, but their relatively high price has relegated them to the realm of senior executive plaything. As the technology shrinks in both size and cost, the ability to project information normally displayed onto a screen will be increasingly built into smartphones and other pocket devices.

“Today we use pico projectors as stand-alone devices,” says Evans. “But in 2011, they’ll become pervasive. Consumers will very quickly get used to them, as they’ll allow video and photos to be displayed anyplace, anytime.”

Augmented reality

Imagine holding a smartphone or tablet up in front of you and using the camera to record the scene. Augmented reality adds layers of detailed information about what you’re seeing, in real-time. So if you’re walking past the CN Tower, for example, an augmented reality application would display stats on the structure, and include details on how you could purchase tickets to the top and make lunch reservations once you’re there.

Camera-equipped devices with enough processing power made augmented reality a reality in 2010. Next year, wider availability of even more capable hardware and software will drive it mainstream.

Mobile shopping

The combination of increasingly popular and powerful smartphones with recession-weary consumers will see shoppers lean more heavily on their devices when they hit the mall.

“We’re seeing a lot more people using their mobile devices to find bargains, compare prices, conduct research and actually conduct commerce,” says Simon Buckingham, founder and CEO of Appitalism. “Three times more people used mobile devices while shopping on Black Friday compared to the previous year, so this will definitely continue to be a big trend into 2011.”

The arrival next year of even more powerful smartphone and tablet processors and the first wave of next-generation advanced 3.5G and 4G data networks will only fuel this trend, adds Buckingham.

Solid state drives

The spinning magnetic — and often crash-prone — hard drives that have stored documents, pictures and music on our desktop and laptop computers for decades could soon be replaced by a drive that doesn’t spin at all. Apple’s recently updated MacBook Air computers, for example, ship only with solid state drives (SSDs) that consume less power, generate less heat, and are more rugged than sometimes-fragile conventional drives.

Cost remains an issue, as typical hard drives still cost significantly less and are available in much higher capacities. But the price/size gap continues to shrink, and in 2011 SSDs will become more common.

The green agenda

Smarter, faster, better connected devices running smarter software will drive the push beyond simply using smartphones for email and basic web access. According to Don Campbell, chief technology officer of IBM Business Analytics, next year we’ll begin to use all that power to become a little greener.

“We’re moving to a place where more and more people can play a role in helping save our planet,” he says. “The fact is we all carry around these mobile devices and they have GPS, cameras and other capabilities. Being able to leverage the masses and the data and communication capabilities of these mobile devices is something that will start building steam in 2011.”

Campbell describes a scenario where a GPS-enabled smartphone uses knowledge of the environment, including weather and traffic data, to predictively suggest alternative — and more efficient — routes.

“We’ve already made the investment in infrastructure,” he says. “Once you start putting all of these pieces together, these mobile devices will allow us to be very intelligent and environmentally friendly by not wasting either our time or our energy.”

Carmi Levy is a London, Ont.-based independent technology analyst and journalist. carmilevy@gmail.com

Source: http://www.thestar.com/iphone/Business/article/909612

Posted via email from Sunny Batra's Blog

The top tech trends to watch for in 2011

The top tech trends to watch for in 2011
This file photo taken on November 4, 2010 shows a South Korean model displaying Samsung Electronics' tablet computer, the Galaxy Tab, during the launch ceremony in Seoul.

Pre-New Year projections are nothing new in the tech world. As we get set to welcome in 2011, however, it’s becoming increasingly clear that the year ahead will offer more than its fair share of geek-infused excitement.

2010 was the year when Apple’s iPad finally broke the industry’s 15-year tablet computer hex, 3D television came to the big box store, and WikiLeaks underscored just how vulnerable we’ve become to relatively simple security threats. The new year promises to build on the past 12 months with a wave of better tablets, better security offerings, and an ever-accelerating stream of increasingly interconnected devices and services.

Pull out your crystal ball as we look ahead at the following trends:

Tablets

For now, Apple’s iPad has the tablet market largely to itself, but that will change dramatically early in the new year. New devices powered by Google’s Android operating system are already hitting store shelves — Samsung’s Galaxy Tab is a strong early contender for iPad-alternative status — and RIM’s PlayBook is showing promise in advance of its anticipated release in the first quarter of the year.

“I’m pretty sure 2011 will be the year of the tablets,” says Chris Brozenick, vice president and general manager of WeatherBug Mobile, a mobile app development company. “We’ve already seen it start to take off. There’s no question these are transformational devices and they’re already causing a shift in people’s habits.”

3D TV

Last year’s blockbuster film, Avatar, whetted consumers’ appetite for three-dimensional content just in time for the first 3D flat-screens from major manufacturers to hit store shelves. But the majority of these first-generation televisions required users to don finicky and expensive glasses. And don’t even think about carting your glasses to your friend’s house, because the lack of industry standards means most of them won’t work with televisions from other manufacturers.

“This isn’t just inconvenient,” says Dave Evans, chief technologist with Cisco’s Internet Business Solutions Group (IBSG), “it precludes being able to experience 3D outside the home, like at the mall or at a car dealership. It’s a burden in many ways that today’s screens require glasses because it’s another thing you’ve got to carry around, another device you’ve got to worry about.”

Evans says new 3D TVs that don’t require glasses will allow the technology to become much more pervasive and easy-to-use in 2011.

Pico projectors

Everyone’s familiar with the overhead projectors that drive yawn-inducing PowerPoint presentations everywhere. Shrunken versions of those devices, typically the size of a deck of cards and known as pico projectors, have been available for the past couple of years, but their relatively high price has relegated them to the realm of senior executive plaything. As the technology shrinks in both size and cost, the ability to project information normally displayed onto a screen will be increasingly built into smartphones and other pocket devices.

“Today we use pico projectors as stand-alone devices,” says Evans. “But in 2011, they’ll become pervasive. Consumers will very quickly get used to them, as they’ll allow video and photos to be displayed anyplace, anytime.”

Augmented reality

Imagine holding a smartphone or tablet up in front of you and using the camera to record the scene. Augmented reality adds layers of detailed information about what you’re seeing, in real-time. So if you’re walking past the CN Tower, for example, an augmented reality application would display stats on the structure, and include details on how you could purchase tickets to the top and make lunch reservations once you’re there.

Camera-equipped devices with enough processing power made augmented reality a reality in 2010. Next year, wider availability of even more capable hardware and software will drive it mainstream.

Mobile shopping

The combination of increasingly popular and powerful smartphones with recession-weary consumers will see shoppers lean more heavily on their devices when they hit the mall.

“We’re seeing a lot more people using their mobile devices to find bargains, compare prices, conduct research and actually conduct commerce,” says Simon Buckingham, founder and CEO of Appitalism. “Three times more people used mobile devices while shopping on Black Friday compared to the previous year, so this will definitely continue to be a big trend into 2011.”

The arrival next year of even more powerful smartphone and tablet processors and the first wave of next-generation advanced 3.5G and 4G data networks will only fuel this trend, adds Buckingham.

Solid state drives

The spinning magnetic — and often crash-prone — hard drives that have stored documents, pictures and music on our desktop and laptop computers for decades could soon be replaced by a drive that doesn’t spin at all. Apple’s recently updated MacBook Air computers, for example, ship only with solid state drives (SSDs) that consume less power, generate less heat, and are more rugged than sometimes-fragile conventional drives.

Cost remains an issue, as typical hard drives still cost significantly less and are available in much higher capacities. But the price/size gap continues to shrink, and in 2011 SSDs will become more common.

The green agenda

Smarter, faster, better connected devices running smarter software will drive the push beyond simply using smartphones for email and basic web access. According to Don Campbell, chief technology officer of IBM Business Analytics, next year we’ll begin to use all that power to become a little greener.

“We’re moving to a place where more and more people can play a role in helping save our planet,” he says. “The fact is we all carry around these mobile devices and they have GPS, cameras and other capabilities. Being able to leverage the masses and the data and communication capabilities of these mobile devices is something that will start building steam in 2011.”

Campbell describes a scenario where a GPS-enabled smartphone uses knowledge of the environment, including weather and traffic data, to predictively suggest alternative — and more efficient — routes.

“We’ve already made the investment in infrastructure,” he says. “Once you start putting all of these pieces together, these mobile devices will allow us to be very intelligent and environmentally friendly by not wasting either our time or our energy.”

Carmi Levy is a London, Ont.-based independent technology analyst and journalist. carmilevy@gmail.com

Posted via email from Sunny Batra's Blog

Saturday, December 25, 2010

Happy Holidays!! Ho… Ho … Ho …!

December 2010


Dear Friend,

HoHo Ho

 

Guess what! This gift-giving all started with a Saint named Nicholas throwing a
purse of gold through a window each night for three successive nights.
It happened that Saint Nicholas knew a poor nobleman in Lycia, Asia Minor. The
fellow had three lovely daughters and he worried about their future, so Nick threw
a purse of gold through their window, and returned the two following nights to do
it again.


Well, you can imagine how happy that made them. And the news got ‘round and
folks all over Europe decided to make each other happy by giving gifts on a night
called Saint Nicholas’ Eve. For economy’s sake they cut it down to one night,
and dropped the gold purse idea – they just filled shoes and stockings with
candy, cookies, and handmade toys and trinkets.


Maybe I am just a silly softie, as you might say, but I am still old-fashioned
enough to believe there’s some sentiment left in business, after all.
So, not a single sentence about the real estate markets this month. Just a single
sincere statement…


May your Holiday Season be most Joyful
And

The New Year be most Prosperous.

 

 

Sunny Batra

Your Friend in Real Estate

Posted via email from Sunny Batra's Blog

Monday, October 18, 2010

Hot new properties not to be missed!

Hot new Investment properties in Toronto!
Tableau Condos

TABLEAU

 CONDOMINIUMS

Hot new condos in the entertainment District. We have the Exclusive VIP Access to this project. 

Neighbourhood: Queen Street West/Entertainment District

Location: 117 Peter St.

Price: $550-$575/sq.ft

Comparables: over $620/sq.ft.

Last date to send the worksheets for TABLEAU CONDOS is on Wednesday, October 20th.

For detailed information Visit: 

www.SunnyBatra.com/TableauCondos

Backstage Condos

 

BACK

STAGE

Another hot development not to be missed!

We have the VIP Access to the this project before the VIP Agents Launch and long before the general public opening.

Neighbourhood:  St. Lawrence/Sony Center

Location: Yonge St. & The Esplanade

Price: Starting from $625/Sq.Ft

Comparable: L Towers in the area are averaging around $680/sq.ft.

I see lot of growth potential for my investors in this project Backstage Condos.

For more information Visit 

www.SunnyBatra.com/BackStageCondos

Posted via email from Sunny Batra's Blog

Still time to sell your home in 2010!

Still time to sell your home in 2010!

October 2010

 

Dear Friend,

Don't believe everything you read in the newspapers or see on T.V about how bad the real estate market is. When all is said and done 2010 will, without doubt, finish as the third best year in the history of the Toronto Real Estate Board (after 2007 and 2009) in terms of the number of homes sold. As for average prices, 2010 will set yet another record with average prices in the GTA at $425,000 or 7.5 % higher than in 2009.

One result of a strong real estate market is that many individuals perceive real estate as an easy job, that a "house sells itself", consequently more individuals "try" real estate as a career. Since 2001, the membership of the Toronto Real Estate Board has grown from about 17,000 to 30,000 today. That growth has not been a smooth one. For example, last year 3,073 new agents joined but, 1,400 left the real estate business. Here are some more startling facts from 2009:

6706 sales representatives sold 0 homes.

12,996 sales representatives sold 1-5 homes.

6,169 sales representatives sold 6-12 homes.

2101 sales representatives sold 13-18 homes.

2243 sales representatives sold 19+ homes.

The real estate business is more complicated than ever before. We are now subject to new legislation and Acts such as Privacy and Fintrac as well as being aware of the new HST Tax and how it affects individuals as well as the market. It really is important to deal with an experienced full time agent who knows the market, the trends and is 100% committed to clients, an agent such as me.

Have you been thinking of selling your home and changed your mind because you think you missed the good market? Have I got great news for you! The market is still strong, there is a shortage of active listings and interest rates are at record lows. So, if you are still thinking about it, I could have you out of your home and into a new one before the year is out. Have a great October and remember I am never too busy for your referrals!

 

Sunny Batra

Your Friend in Real Estate

Posted via email from Sunny Batra's Blog

Monday, October 11, 2010

Happy Thanksgiving!

Thanksgiving is a special time of year, a time to reflect on the past year. A time to be thankful for the blessings we have and look forward to the year ahead with a renewed hope for an abundant harvest.

Happy Thanksgiving to you and your loved ones.

Posted via email from Sunny Batra's Blog

Monday, August 23, 2010

Reminder

Only a day left to register

The response for post house condos has been amazing; many people have registered to purchase a unit in this great project. If you are thinking of purchasing a unit here, I want to remind you that there is only a day left to register for this project.

Prices for this project are averaging around $500/sq.ft, which is amazing. This project is just a few minutes walk to the entertainment district where prices for the new condo developments are hovering around $750-$850 per square foot.

Post House Condos is conveniently located within walking distance to all amenities such as St. Lawrence Market, entertainment district, shopping, George Brown College, local food and fruit vendors, and luscious parks.

The growth potential at Post House Condos will be great. I definitely see great returns for my investors in this project.

Deadline to send the worksheet is by August 24th. Units will be allocated in the order the worksheets are received.

Feel free to call me or e-mail me if you have any questions. Have a wonderful day.

 www.SunnyBatra.com/PostHouseCondos

Posted via email from Sunny Batra's Blog

Tuesday, August 17, 2010

Hot Investment property. Best time to buy!

 

Newsletter- August, 2010
Market continues to stabilize. Best time to buy!

Dear Friend,

 

Now is the Time!

First of all I would like to thank you for your continued support which has made me the #2 agent in my office*. Thank you so much for your trust in me.

I hate to say it, but if you are thinking of buying, it's a great time to do it. The first seven months of 2010 have been an extremely busy time. The total number of sales was up 12% over the same period last year and the average selling price was up 12 % as well to $432,253. You might think that after such a hot market, you should wait and see what happens, a natural reaction.

What created the frenzied market of 2010? There were several factors. An increase in mortgage rates, the anticipated HST tax increase, a low inventory of homes and a continuing strong economy all resulted in one of the hottest markets Toronto has ever seen.

With the Spring Market over, we have entered into a very hot and dry Summer. Many real estate agents as well as Buyers and Sellers have decided to rest and enjoy the weather, to get back to house hunting in the Fall. That means that in the Fall, the same conditions that created multiple offers and bidding wars, (low supply of available homes for sale and many buyers) might repeat themselves.

In the peak of the market, 1 out of 2 houses were selling. Today it's 1 out of 4! That means that as a buyer you can find the right house, take some time to think about it and I have the time to put my negotiating skills to work for you to make sure you get the house you want at the price and terms you need.

I would love to take off this Summer, but as the old saying goes, "make hay while the sun shines." Right now I am working because it is best for my clients.

If you are even considering buying later in the year or have a friend or relative thinking about it, let's get together and let me show you why NOW, is the time!

Enjoy August, and remember, I am never too busy for your referrals.

 

SunnyBatra
Your Friend in Real Estate

Triple "A" Real Estate in the St. Lawrence Neighbourhood

Post House Condos

Post House Condos, located just behind Toronto's first post office, brings history and elegance to the downtown core. 

Neighbourhood: Steps from city's financial district and entertainment district, George Brown College, St. Lawrence Market and all the shopping in the area. Here you're surrounded by it all, in an urban playground that's open 24/7 and all just a quick stroll away from both the King and Union subway stations.

Amazing Price starting from $488/Sq.Ft. (now a days what can you get in downtown for this price???)

1 Bedroom from $257,990

1 Bedroom + Den from $297,900

2 Bedroom from $346,990

Downpayment: $3000 with the offer, Balance of 5% in 30 days, 5% in 90 days, 5% in 180 days, 5% in 365 days. Total investment/deposit of 20% in a year.

Occupancy: August 15, 2014

For more information Visit www.SunnyBatra.com/PostHouseCondos

Posted via email from Sunny Batra's Blog

Thursday, July 22, 2010

Market continues to stabilize. Best time to buy!

Newsletter- July 2010
Market continues to stabilize. Best time to buy!

Dear Friend,

 

My prediction of the sales activity was right on last month. I predicted 8,500 homes sold in June and in fact 8,442 homes sold! With approximately 25,500 homes for sale, that means that 2 out of 3 homes did not sell in June!

July's sales statistics will be similar. As we head into the heat of the Summer, the number of homes sold and homes available for sale will decrease. I expect approximately 7,500 homes out of the listed 24,000 homes to sell in July; again about 2 out of 3 homes will not sell.

Prices will remain stable as this level of availability continues. I believe this balanced market of stable prices will continue until the Spring of 2011. While it's easy to make a prediction, it's another thing to be right (the weatherman for instance). Many factors influence buyers into or out of the market (lower interest rates, abundance of economical rental properties, being two examples) and that would mean another change in prices.

A stable market is the best time to buy a home. There is a variety to choose from, there is no hurry, and there will be many offers conditional on getting the existing home sold and the opportunity to negotiate for a better price. It's a different market that requires skill, knowledge and experience. When only 1 out of 3 homes sell, you must get a full time, professional realtor on your side if you want to be the 1 that sells!

There is an old expression that says," make hay when the sun shines". It's a great time to buy a home or upgrade your home. Call me if you have any questions, I would be happy to talk.

If your mortgage is coming up for renewal, do not automatically renew with your current mortgage company, I can generally get a lower rate for you and save you a lot of money!

Have a great July!

SunnyBatra
Your Friend in Real Estate

Hot Investment 

Triple "A" Real Estate in Toronto's most affluent downtown neighborhood 

Just West of Spadina and steps to all the star studded hot spots of King West Village. 

Prices: Around $500/sq.ft 

Comparable project: Thompson Residences at around $700/sq.ft

Tentative Occupancy: March 2012

On these new release units sales have not started to the broker community or anyone officially yet, but if you are interested in Lofts 399, please contact me because I have an exclusivity to sell units to my clients at substantial discounts from what prices will be when they launch to the broker community. 

Watch the King street presentation

Posted via email from Sunny Batra's Blog

Monday, July 19, 2010

Parking lot economics drive prices higher

A parking lot, seen on Oct. 28, 2006, in Calgary.

A parking lot, seen on Oct. 28, 2006, in Calgary. Jeff McIntosh/Globe and Mail

Lack of new supply, insatiable demand and condo developments mean parking is practically recession-proof

Steve Ladurantaye Real Estate Reporter

From Tuesday's Globe and Mail

 

As giant chunks of hail bounced off Sheryl Purdy’s car, the Calgary stock broker briefly considered upgrading to an indoor parking spot.

Her daydream didn’t last long. She already pays $400 monthly for a space a block from her downtown office, a relative bargain in Canada’s priciest parking market.

“I could park further away and reduce the price,” she said. “But I’d probably have frostbite by the time I got to work in the winter. And in the dark, early mornings, it’s just not safe. So, I pay it and bite my tongue.”

The price of parking has consistently increased each year, as downtown developers pave over parking lots to build condo paradises. A shortage of spots, a lack of new supply and insatiable demand have all contributed to steady price gains in an often forgotten corner of commercial real estate.

In the past 10 years, the price of a Calgary spot has increased by 233 per cent, according to Colliers International. Toronto prices have gone up 130 per cent.

“There is no purer form of economics than those found in the parking lot,” said Julian Jones, senior vice-president at Vancouver-based Impark, which operates lots across North America. “It is completely market driven, and it is not easy to adjust quickly to demand fluctuations.”

 

Paved paradise for lot owners

Paved paradise for lot owners

The median price for a monthly unreserved spot in downtown Calgary is $453, Colliers said yesterday in its 10th annual international parking survey. That’s $117 more than Toronto, which comes in second at $336.

Canada’s parking story is all about supply and demand – dozens of downtown lots from coast to coast have been torn up and redeveloped into condominiums over the past five years, and it’s not easy to find new spots once they vanish.

On a daily basis, Toronto is more expensive at $23, compared with Calgary’s $22. The city has lost several downtown lots in the past two years as developers rush to erect new buildings on attractive sites, said BuzzBuzzHome Corp. president Matthew Slutsky, including the new Trump Tower and the Festival Tower, which will be the new home of the Toronto International Film Festival.

“Parking lots provide land developers with a piece of land with no rental-tenant commitments and no buildings to demolish,” he said. “At the same time, there is an excellent income opportunity on the site while they work on zoning and planning issues.”

Parking lots are commercial real estate, but they are also largely recession-resistant because of long waiting lists built up in better times.

“The reason prices keep going up really comes down to limited supply,” said Wayne Duong, director of research with Colliers International in Canada. “There’s a reason Donald Trump doesn’t build parking lots – they think it makes more sense to build condos and office buildings.”

There are waiting lists in eight out of the 12 markets surveyed – and only 10 new garages to be developed in the next two years. Given those dynamics, prices aren’t likely to get any lower. For downtown workers who need their cars to get in from the suburbs or attend meetings through the day, there’s little choice but to pay.

“I am actually very grateful to have a spot that I can have on a monthly basis,” Ms. Purdy said. “Many people don’t have one. I just don’t enjoy paying, but I do anyway for the luxury of having a parking space.”

Canadian parking prices pale in comparison with other global centres. London’s city centre is the most expensive in the world at $933 (U.S.) a month, with its West End coming in second at $874. Hong Kong ($745), Tokyo ($654) and Zurich ($605) rounded out the Top 5.

In North America, Midtown Manhattan was the most expensive, at $538, while downtown spots in New York fetched $529. Calgary was the third most expensive, followed by Boston ($425) and San Francisco ($375).

“While many businesses and consumers are still acting prudently, demand for parking looks to be somewhat insensitive to price, allowing parking garage owners and operators to hold rates steady even in the face of economic hardship for many,” said Ross Moore, Colliers’ chief economist.

Posted via email from Sunny Batra's Blog

Parking lot economics drive prices higher

A parking lot, seen on Oct. 28, 2006, in Calgary.

A parking lot, seen on Oct. 28, 2006, in Calgary. Jeff McIntosh/Globe and Mail

Lack of new supply, insatiable demand and condo developments mean parking is practically recession-proof


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Steve Ladurantaye Real Estate Reporter

From Tuesday's Globe and Mail

 

As giant chunks of hail bounced off Sheryl Purdy’s car, the Calgary stock broker briefly considered upgrading to an indoor parking spot.

Her daydream didn’t last long. She already pays $400 monthly for a space a block from her downtown office, a relative bargain in Canada’s priciest parking market.

“I could park further away and reduce the price,” she said. “But I’d probably have frostbite by the time I got to work in the winter. And in the dark, early mornings, it’s just not safe. So, I pay it and bite my tongue.”

The price of parking has consistently increased each year, as downtown developers pave over parking lots to build condo paradises. A shortage of spots, a lack of new supply and insatiable demand have all contributed to steady price gains in an often forgotten corner of commercial real estate.

In the past 10 years, the price of a Calgary spot has increased by 233 per cent, according to Colliers International. Toronto prices have gone up 130 per cent.

“There is no purer form of economics than those found in the parking lot,” said Julian Jones, senior vice-president at Vancouver-based Impark, which operates lots across North America. “It is completely market driven, and it is not easy to adjust quickly to demand fluctuations.”

 

Paved paradise for lot owners

Paved paradise for lot owners

The median price for a monthly unreserved spot in downtown Calgary is $453, Colliers said yesterday in its 10th annual international parking survey. That’s $117 more than Toronto, which comes in second at $336.

Canada’s parking story is all about supply and demand – dozens of downtown lots from coast to coast have been torn up and redeveloped into condominiums over the past five years, and it’s not easy to find new spots once they vanish.

On a daily basis, Toronto is more expensive at $23, compared with Calgary’s $22. The city has lost several downtown lots in the past two years as developers rush to erect new buildings on attractive sites, said BuzzBuzzHome Corp. president Matthew Slutsky, including the new Trump Tower and the Festival Tower, which will be the new home of the Toronto International Film Festival.

“Parking lots provide land developers with a piece of land with no rental-tenant commitments and no buildings to demolish,” he said. “At the same time, there is an excellent income opportunity on the site while they work on zoning and planning issues.”

Parking lots are commercial real estate, but they are also largely recession-resistant because of long waiting lists built up in better times.

“The reason prices keep going up really comes down to limited supply,” said Wayne Duong, director of research with Colliers International in Canada. “There’s a reason Donald Trump doesn’t build parking lots – they think it makes more sense to build condos and office buildings.”

There are waiting lists in eight out of the 12 markets surveyed – and only 10 new garages to be developed in the next two years. Given those dynamics, prices aren’t likely to get any lower. For downtown workers who need their cars to get in from the suburbs or attend meetings through the day, there’s little choice but to pay.

“I am actually very grateful to have a spot that I can have on a monthly basis,” Ms. Purdy said. “Many people don’t have one. I just don’t enjoy paying, but I do anyway for the luxury of having a parking space.”

Canadian parking prices pale in comparison with other global centres. London’s city centre is the most expensive in the world at $933 (U.S.) a month, with its West End coming in second at $874. Hong Kong ($745), Tokyo ($654) and Zurich ($605) rounded out the Top 5.

In North America, Midtown Manhattan was the most expensive, at $538, while downtown spots in New York fetched $529. Calgary was the third most expensive, followed by Boston ($425) and San Francisco ($375).

“While many businesses and consumers are still acting prudently, demand for parking looks to be somewhat insensitive to price, allowing parking garage owners and operators to hold rates steady even in the face of economic hardship for many,” said Ross Moore, Colliers’ chief economist.

Posted via email from Sunny Batra's Blog