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• Interest rates remain constant. This is in writing not thought.
• Future demand. For condos, the impact of ‘baby boomers’ and their children along with immigration will be more than enough to fuel steady growth and eventually the artificial inflation or increase in value.
• For the Pre-Construction Market, there is much catching up to do. Re-Sale had enjoyed the majority of price increase in 2011 closing the gap on New Home Sales. This year expect the opposite, while re-sale will continue with its healthy growth, we cannot compare 5-10 year old projects with the future value on Brand New.
• Rental rates should increase more this year than in the past 10 years due to the lifting of restrictions and what looks to be the largest population increase for 2012.
2012 FORECAST :
• Price for Real Estate should remain constant if not commence the trend to artificial increases.
• For the Resale Condo Market, sales volume will be up and prices will be flat in 2012.
• For the Pre-Construction Market, watch for the increase to be sharp in the downtown core as fewer infill sites become available.
• Larger units will be in more demand as our maturing condo user will be moving up.
• Rental rates will increase and Vacancy rates will remain below 1%.

Canadian Condo Rebatesis a company that has assisted in capturing over $2,000,000 in rebates in 2011. My clients and myself have received nearly $500,000 in rebates through Mario from these Condo Rebates. I asked my lawyer to help me out and I even spoke to my accountant about this but they had no idea. I don’t always recommend other services but was forced to learn more about this program as my clients were owed so much money. I can personally vouch for this site and for Mario both as a direct client and as a friend whom I have recommended to all of my clients and friends who have bought property.
I have noticed that some people thought it was a scam and from what I read they are even more in the dark than those that do not use the service. It is good to be cautious in life, especially with the Internet, however, ignorance is worse. If you don’t know what you are talking about than it is best not to participate in the conversation. This note is directed to the staff at Buzz Buzz, it is a shame that they did not take the time to research this product, rather just rant on about what they know nothing about,  this was merely their attempt to get others joining in and making their site more popular. Anyone saying anything different or whom may have a different opinion may contact me direct and I will stand behind him 100% as an entrepreneur and an overall good person, and for the company and the procedure.  Call me for the recommendation at 416 712-7908,

High consumer debt? : the average personal debt ratio is now 156 per cent in Canada. At an interest rate of 3 or even 5 per cent, the amount needed to service the debt is manageable. Remember most people do not pay off their mortgages in one year. Economists mislead this information.

Mortgage rates at historic lows: Many fixed term rates at 3% and below.

Canada’s appeal:  a stable banking and political environment, steady real estate market, natural resources and few social tensions. That makes us a safe haven in a volatile world.

Our immigrant draw: because of these reasons and so much more, immigration levels are at a record high.

Mortgage defaults: According to CMHC, over 99 per cent of Canadians pay their mortgages on time.

Income-to-price ratio:  median incomes of Canadians is 3.5 times against the median cost of homes , acceptable levels.

Presidential election year:   politicians will do whatever is necessary to prevent a negative economy.  The U.S. is already showing signs of economic recovery.  Canada will enjoy some of this confidence.

article By Mark Weisleder

The Bank of Canada, along with several economic advisors had forecasted lower sales and lower prices. Many experts try to make residential real estate far more complicated than what it really is. Real Estate is mainly about supply and demand.  Toronto continues to be heavily supplied to a heavy demand. When supply and demand are equal the economy is said to be at equilibrium. At this point, the allocation of Real Estate is at its most efficient state.  However we remain in this state whereby properties are being sold at fair market value and based on current inflation rather than artificial inflation.  The long and the short of it is, providing our government does not increase interest rates, the average price minus the average deposit should equal the carrying cost.  These ingredients have helped sustained a healthy growth in the value of Real Estate, as investors can make a healthy return and risk free.  This also explains why the Toronto Real Estate Market has outperformed all other markets in North America based on the number of units sold as opposed to the price increase.  For those who understand these general accounting principles, also understand that this cycle is sure to break.  Increased rates lead to inflation which leads to increased pricing.  Stepping away from the accounting principles for a moment, let’s also consider other exterior factors that can lead to artificial pricing.  The best banking structure of the G-20 countries, being a resource based country, lowest debt country, increased immigration statistics, baby boomer stats indicating the commencement of an increased interest in condominium living based on current age and fewer remaining infill sites remaining to be zoned for residential accommodations.  A correction is imminent. Artificial inflation to increase the value of Real Estate will be upon us over the next 5 years.  Ownership of property will be thought and not a right.
Rental Commentary The rental market continued to be very active, index rents increased by just 0.8 per cent in the first quarter of 2011, from $2.09 per square foot, to $2.11 per square foot.
The average condominium unit leased in Q1-2011 was 800 square feet with an average rent of $1,686 per month.

With more than 9,000 units from 44 new home projects the market has broken multiple records. New condo sales: 9,455 units sold in Q2, topping the previous record high of 6,997 set in Q2-2007 by over 35 per cent. Q2-2011 also set records for the number of active projects. There have been 24,731 new condominium sales over the past 12 months, topping the previous record high of 22,654 set in Q4-2007 by 9 per cent. There were 39,196 condominium units under construction in the Toronto CMA in 153 projects in Q2-201. It’s clear that pricing did not go up as much as it should have, which would have been an indication of a real estate bubble. The market is very healthy, as condominium resale activity remains strong, and results show that condominium rents have improved over the first quarter.”
Both the new and resale condominium markets saw increases in index prices, with unsold pricing in the new condo market rising from $529 psf in Q2-2010 to $552 psf in Q2, an increase of 4.3 per cent. The resale index price increased from $370 psf to $391, or 5.7 per cent. The index rents improved 5.5 per cent year-over-year. A record 7,815 units
registered in Q2-2011, nearly as many as the previous three quarters combined. Looking ahead, 25,000 new condominium sales and 17,000 resale transactions for 2011.

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