Hubert Lee Real Estate

Brand New 2 Beds W/ 2 Baths Unit, FOR LEASE!

📍1118-2020 Bathurst St, Toronto
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Listed at: $2,777
✅ Brand New Luxury 2 Beds+2 Baths by
✅ 9 Ft Ceiling W/ Floor To Ceiling Windows
✅ Modern Kitchen W/ Quartz Counters & Under-Cabinet Lights
✅ Oversized Balcony W/ Unobstructed East & CN Tower Views
✅ Direct Access To Eglinton LRT
✅ Internet Included
✅ 1 EV Parking🚗, 1 Locker🔒
✅ Amenities: 24Hrs Concierge🛎️, Guest Suite, Gym🏋️, Yoga Studio, Coworking Space, Outdoor Terrace, Automated parcel storage & More!
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MLS: C8061752

Congratulations to our landlord client for successfully leasing this unit to a wonderful tenant! Finding an excellent tenant has never been more crucial than it is now. With tenant evictions taking nearly a year, it is imperative for us to conduct thorough due diligence in vetting potential tenants. Vetting goes beyond merely confirming their ability to pay rent; it involves checking Google, Social Media, Canlii.org, conducting a Driver’s License check, ordering a $20 credit check, and much more. At , we take pride in our commitment to assisting landlord clients in securing AAA tenants for their properties.

Congratulations to my overseas clients on securing this brand-new 1-bedroom plus a large enclosed den with 2 full baths unit in Downtown Markham for just $2,400! Working with overseas clients is different; it requires more time, trust, and knowledge sharing. Gaining the upper hand in today’s rental market requires going the extra mile. Here are a few things I did to help my clients find a place while they were in their home country:

✅ Requested additional documents from my clients to provide more confidence to the landlord.
✅ Organized all the documents with a table of contents.
✅ Created a YouTube video for all showings and the surrounding area. This not only saves my clients time but also allows them to rewatch and share the video with their family and friends.
✅ Educated my clients on how the rental process works, as well as their rights and responsibilities, including distinctions between rent-controlled and non-rent-controlled buildings.
✅ Assisted with Key Exchange and familiarized them with the building, including management and concierge.

Congratulations to my client on selling their assignment at a good price in today’s market. It takes an experienced realtor to navigate through an assignment sale.

Interested in purchasing, selling or want to know more? Send me a DM

Congratulations to my client on purchasing this wonderful unit at a great price!

Interested in purchasing, selling or want to know more? Send me a DM

3 Beds, 2 Baths, Over 2000 SqFt Suite, FOR SALE!

📍612-168 Bonis Ave
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Listed at: $880,000
✅ Bungalow In The Sky Over 2000 SqFt
✅ Extremely Low Condo Fee At $0.64/SqFt
✅ Internet, TV, Utilities Included In Condo Fee
✅ Gated Community W/ 24Hrs Gatehouse🛎️
✅ 2 Oversized Parking🚗 Near Elevator, 1 Locker🔒
✅ Club House Style Amenities: Guest Suites, Indoor & Outdoor Pools🏊, BBQs🍗, Sauna, Billiards🎱, Party Rm🎊, Games Rm🎲, Gym🏋️, Squash, Ping Pong🏓, Indoor Drive Range⛳️, Car Wash🧽, Private Trailpark & More!
✅ Steps To Agincourt Mall
✅ Mins To Hwy 401, Schools🏫, Parks, Golf Course & More
✅ Meticulously Maintained
✅ Built By
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*Video Tour Link In Bio*
Contact me for private showings!
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MLS: E7344286

Thinking about buying a condo? Ever thought about older ones? Here are 5 reasons to give them a chance.

Stay tuned for my next post where I'll give 5 reasons not to consider older condos.

Interested in purchasing, selling or want to know more? Send me a DM

The impact of high borrowing costs, high inflation, uncertainty surrounding future Bank of Canada decisions and slower economic growth continued to weigh on GTA home sales in Sep. However, despite the market being better-supplied with listings, the average selling price was up YOY.

“The short and medium-term outlooks for the GTA housing market are very different. In the short term, the consensus view is that borrowing costs will remain elevated until mid-2024, after which they will start to trend lower. This suggests that we should start to see a marked uptick in demand for ownership housing in the second half of next year, as lower rates and record population growth spur an increase in buyers,” said TRREB President Paul Baron.

The YOY dip in sales was more pronounced for ground-oriented homes, particularly semi-detached houses and townhouses. On a month-over-month seasonally-adjusted basis, sales were also down slightly.

“GTA home selling prices remain above the trough experienced early in the first quarter of 2023. However, we did experience more balanced market in the summer and early fall, with listings increasing noticeably relative to sales. This suggests that some buyers may benefit from more negotiating power, at least in the short term. This could help offset the impact of high borrowing costs,” said TRREB Chief Market Analyst Jason Mercer.

“TRREB’s annual consumer polling has shown that half of intending home buyers in Toronto will be first-time buyers in any given year. The average price of a condo apartment in Toronto is over $700,000. Yet, the first-time buyer exemption threshold for the City’s upfront land transfer tax has remained at $400,000 for a decade-and-a-half. With this in mind, TRREB applauds Toronto City Council for asking City staff to provide a report on a more appropriate exemption level moving forward,” said TRREB CEO John DiMichele. He further stressed that “many housing and taxation policies are currently set in opposition and we need all levels of government to align policies and work together to solve this housing crisis.”

BLVD.Q!

The Queensway is the heartbeat of South Etobicoke. This is where people come to shop, eat, be entertained, and gather with friends. With transit and highways keeping you connected, and with exclusive amenities that cater to your lifestyle, this is picture-perfect living.

✨Project Details✨
[Project Name] BLVD.Q
[Address📍] 935 The Queensway, Etobicoke
[Intersection] Islington Ave & The Queensway
[Developer] Mattamy Homes
[Storeys] 11
[ # of Units] 210
[Suite Type] Studio to 3 Bedrooms
[Unit Size] 359 to 1,212SqFt
[Occupancy] Oct 2026
[Maintenance Fee] $0.62/sf
[Price] From $400s

✨Highlights✨
✅🚶90 Walk, 🚇59 Transit, 🚴64 Bike Score
✅Reputable developer
✅1 min to TTC Stop
✅1 min to Gardiner
✅4 mins to GO
✅Conierge🛎️, Parcel Storage, Pet Spa🐾, Co-Working Space, Collab Space, Event Space🎈, Fitness Center💪, Yoga Studio🧘‍♀️, Outdoor Terrace, Social Lounge🛋️, Entertainment Lounge🎉

✨Deposit Structure✨

EXTENDED DEPOSIT STRUCTURE
$10,000 on Signing
Balance of 5% in 30 Days
5% in 180 Days
2.5% in 120 Days
2.5% in 240 Days
5% on Occupancy

Contact me for Floorplan, Pricing and Incentives!⁠

Looking to buy a condo unit and encountered the term "Status Certificate"? It's imperative to review the Status Certificate, as it essentially functions as a comprehensive health report for the condo.

Interested in purchasing, selling or want to know more? Send me a DM

Congratulations to my Seller Clients and New Buyers! This beautiful unit is off the market in just 10 days! Interested in selling or want to know more? Send me a DM

GTA home sales, new listings and home prices were up in July 2023 in comparison to July 2022. On a seasonally adjusted basis, the market experienced more balance in July compared to June, with sales trending lower while new listings were up.

“Home sales continued to be above last year’s levels in July, which suggests that many households have adjusted to higher borrowing costs. With that being said, it does appear that the sales momentum that we experienced earlier in the spring has stalled somewhat since the Bank of Canada restarted its rate tightening cycle in June. Compounding the impact of higher rates has been the persistent lack of listings for people to purchase compared to previous years,” said TRREB President Paul Baron.

On a seasonally adjusted monthly basis, the number of sales trended lower for the second straight month, whereas new listings trended upward. The seasonally adjusted average selling price edged lower while the MLS®️ HPI Composite benchmark edged higher.

“Uncertainty surrounding the direction of borrowing costs, jobs and the overall economy has impacted home sales over the last two months. Over the long term, the demand for ownership housing will remain strong on the back of record population growth. However, many homebuyers will continue to be on the sidelines in the short term until the direction of monetary policy and the economy becomes clearer,” said TRREB Chief Market Analyst Jason Mercer.

“We continue to suffer from a misalignment in public policy as it relates to housing. The federal government is targeting record levels of immigration for the foreseeable future, but we have seen very little tangible progress in creating more ownership and rental housing to accommodate this growth. Population growth is imperative for economic development; however, this growth will be unsustainable if people can’t find an affordable place to live. All three levels of government need to be on the same page to fix this problem,” said TRREB CEO John DiMichele.

Congratulations to my clients on purchasing this marvellous condo suite in an exceptional location, and all at an incredible price! What truly sets this entire condo apart is the smallest unit is over 1400 SqFt!. Condos nowadays are not built this way!

Given the current demographic trends, with nearly 1 in 5 people in Canada being seniors, condos like this one are likely to grow in popularity, especially as more Baby Boomers approach retirement age.

Interested in purchasing, selling or want to know more? Send me a DM

VICTORIA GRAND

▪️Warden Ave & Elgin Mills Rd
▪️Occupancy: 2025
▪️Price: Starting in the $1.3 Mill
▪️Townhomes / 30' Singles / 38' Singles

Welcome to Markham's newest community of luxury Townhouses and Detached homes. Located at the intersection of Warden and Elgin Mills. Victoria Grand stands to offer a wide range of Towns 15' and 20' to 30' and 38' Detached homes.

Victoria Grand is a master-planned community that offers you access to many malls, parks and trails. Your family will have an opportunity to enjoy the many facilities that come with living in this community along with highly rated schools and restaurants.

Victoria Grand is a community waiting for you to make it your home.

Contact me for Floorplan, Pricing and Incentives!

2024 Rent Increase is 2.5%. Tenants should know their legal rights, and landlords should be familiar with their rights and obligations.

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The real estate market has gotten tougher for everyone, especially for First-Time Home Buyers but there are ways to help enter the market.

Looking to buy but do not know where to start? Feel free to send me a DM.

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GTA housing market continued to improve from a sales perspective in May 2023. Unfortunately, the supply of homes for sale did not keep up with the demand for ownership housing. Sales as a share of new listings were up dramatically compared to a year ago. This is a clear signal that competition between buyers increased substantially compared to last year, resulting in the average selling price reaching almost $1.2 million last month.

“Despite the fact that we have seen positive policy direction over the last couple of years, governments have been failing on the housing supply front for some time. Recent polling from Ipsos found that Toronto residents gave Council a failing grade on housing affordability and pointed to lack of supply as the major issue. This issue is not unique to Toronto. It persists throughout the Greater Golden Horseshoe. If we don't quickly see housing supply catch up to population growth, the economic development of our region will be hampered as people and businesses look elsewhere to live and invest,” said TRREB President Paul Baron.

GTA REALTORS®️ reported 9,012 sales through TRREB’s MLS®️ System in May 2023 – a 24.7% increase compared to May 2022. Conversely, new listings were ⬇️18.7% over the same period. On a month-over-month seasonally adjusted basis, sales were ⬆️5.2% compared to April 2023.

“The demand for ownership housing has picked up markedly in recent months. Many homebuyers have recalibrated their housing needs in the face of higher borrowing costs and are moving back into the market. In addition, strong rent growth and record population growth on the back of immigration has also supported increased home sales. The supply of listings hasn't kept up with sales, so we have seen upward pressure on selling prices during the spring,” said TRREB Chief Market Analyst Jason Mercer.

The MLS®️ HPI composite benchmark was ⬇️6.9% year-over-year in May 2023, but ⬆️3.2% on a seasonally adjusted monthly basis compared to April 2023. The average selling price, at $1,196,101, represented a small 1.2% decline relative to May 2022. On a seasonally adjusted monthly basis, the average selling price was ⬆️3.5% compared to April 2023.

GTA housing market continued to tighten in April 2023. On a YOY basis, sales edged lower compared to April 2022, but new listings were down by more than one-third. Fewer listings relative to sales meant there was more competition between buyers, supporting an improvement in selling prices since the beginning of this year.

“In line with TRREB’s outlook and recent consumer polling results, we are seeing a gradual improvement in sales and average selling price. Many buyers have come to terms with higher borrowing costs and are taking advantage of lower selling prices compared to this time last year. The issue moving forward will not be the demand for ownership housing, but rather the ability to meet this demand with adequate supply. This is a policy issue that requires sustained effort from all levels of government,” said TRREB President Paul Baron.

“As demand for ownership housing has picked up relative to supply, we are seeing renewed upward pressure on home prices. For a short period of time, higher borrowing costs trumped the impact of the constrained housing supply in the GTA. Renewed competition between buyers is once again shining the spotlight on the persistent lack of listings and resulting impact on affordability,” said TRREB Chief Market Analyst Jason Mercer.

“Lack of affordability in the GTA ownership and rental housing markets has been well-documented. On top of this, households faced with steep price increases for basic goods and services have had to make tough decisions to adapt. It is time for governments to make tough choices as well. On average, every dollar a household makes in the first half of the year goes to taxes. Governments need to provide more value for every tax dollar they collect and should be looking for ways to reduce tax burdens moving forward,” said TRREB CEO John DiMichele.

GTA housing market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022.

“As we moved through the first quarter, TRREB Members were increasingly reporting that competition between buyers was heating up in many GTA neighbourhoods. The most recent statistics bear this out,” said TRREB President Paul Baron. “Recent consumer polling also suggests that demand for ownership housing will continue to recover this year. Look for first-time buyers to lead this recovery, as high average rents move more closely in line with the cost of ownership.”

“Lower inflation and greater uncertainty in financial markets has resulted in medium-term bond yields to trend lower. This has and will continue to result in lower fixed rate borrowing costs this year. Lower borrowing costs will help from an affordability perspective, especially as tighter market conditions exert upward pressure on selling prices in the second half of 2023,” said TRREB Chief Market Analyst Jason Mercer.

The MLS® Home Price Index composite benchmark was down by 16.2% on a year-over-year basis, but up month-over-month on both an actual and seasonally adjusted basis. Similarly, the average selling price was down by 14.6% year-over-year to $1,108,606. The average selling price was up monthover-month on an actual and seasonally adjusted basis.

“As population growth continues at a record pace on the back of immigration, first-time buying intentions will remain strong. Because the number of homes for sale is expected to remain low, it will also be important to have substantial rental supply available. Unfortunately, this is not something we have at the present time. We need to see a policy focus on bringing more purpose-built rental units on line over the next number of years,” said TRREB CEO John DiMichele.

Congratulations to my clients on purchasing this wonderful preconstruction detached home at Red Oaks! After spending days analyzing the area, site, developer, and floor plans, I found the perfect one for my clients! Not every home is the same and it is important for realtors to educate and advise their clients.

Here are some of the things that I loved about this floorplan/lot:

✅10’ ceiling on the main floor, 9’ on 2nd
✅Home office with a window on 1st floor which can be used as 5th bedroom (perfect for elderly or those who work from home)
✅All washrooms have windows
✅Double-Sided Fireplace
✅Walk-Up Basement (Potential basement apartment with separate entrance)
✅Oversized 2nd-floor laundry room with windows located away from the bedrooms
✅Nothing in front of the house (Fire hydrant, Utility Box, Street Light, Hydro Transformer)

Interested in purchasing a precon or want to know more? Send me a DM

Purchasing a pre-construction property differs from buying a resale property, and having an understanding of the process and associated costs can assist with better planning. If you are interested in buying a pre-construction property or would like to learn more about it, feel free to send me a DM.

Congratulations to my clients on purchasing this wonderful end unit preconstruction townhouse backing onto a pond by Aspen Ridge Homes! This home has it all; hardwood flooring and smooth ceilings throughout, heated master ensuite floor, 9' basement ceiling with heated floors and much much more!

Supply is low and buyers are coming back out. Good opportunities are hard to come by. When this opportunity came up, we took immediate action and got the best unit.

Interested in purchasing a precon or want to know more? Send me a DM

LSQ - PreConstruction Condo Coming To North York from mid $500k! Incredible Price & Opportunity!

https://mailchi.mp/9214f6213e47/lsq-condos

Choosing the right floorplan for your condo is crucial since it will impact your daily enjoyment with the space and its resale value. Here are 5 factors to consider when selecting a floorplan.

1) VIEW
Being mindful of the neighbouring buildings and ongoing developments that may impact the view is crucial. In Toronto, southern exposure is usually the most desirable as it receives abundant sunlight and offers the possibility of views of the lake, city skyline and CN Tower.

2) SHAPE
Furniture placement can be challenging with angled and curved walls, resulting in underutilized space and disrupting the unit's flow. In contrast, rectangular and square-shaped units are typically better-designed layouts that allow for efficient use of space and provide a better flow within the unit.

3) LIVING SPACE
Living space is where you'll spend most of your time, so having a place that you enjoy and feel comfortable in can make a big difference in your overall happiness and well-being. A well-designed living space can make it easier to entertain guests, relax after a long day, or even work from home if needed.

4) ELEVATORS & GARBAGE CHUTE
The location of the elevators and garbage chute can impact your enjoyment of the unit. You want to choose a unit that is conveniently located to the elevators, but not so close that you're bothered by the foot traffic. Being near the garbage chute may cause disturbance from noise, odor, and the risk of attracting insects and pests.

5) WASTED SPACE
Excessive hallways, awkwardly shaped units and support columns in the unit lead to wasted space. Condo maintenance fee is based on the size of your unit including the wasted space. Do you want to pay for unsed space?

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As we moved from 2022 into 2023, the GTA housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability over the last year.

“Home sales and selling prices appear to have found some support in recent months. This coupled with the Bank of Canada announcement that interest rate hikes are likely on hold for the foreseeable future will prompt some buyers to move off the sidelines in the coming months. Record population growth and tight labour market conditions will continue to support housing demand moving forward,” said TRREB President Paul Baron.

GTA REALTORS reported 3,100 sales through TRREB’s MLS System in January 2023 – in line with the December 2022 result of 3,110, but down 44.6% from January 2022. The average selling price for January 2023 at $1,038,668 was slightly lower than the December 2022 result and down by 16.4% compared to the January 2022 average price reported before the onset of Bank of Canada interest rate hikes. The MLS Home Price Index Composite Benchmark was in line with the December result, but down by 14.2% compared to January 2022.

“Home prices declined over the past year as homebuyers sought to mitigate the impact of substantially higher borrowing costs. While short-term borrowing costs increased again in January, negotiated medium-term mortgage rates, like the 5-year fixed rate, have actually started to trend lower compared to the end of last year. The expectation is that this trend will continue, further helping with affordability as we move through 2023,” said TRREB Chief Market Analyst Jason Mercer.

“All three levels of government have announced policies to enhance housing affordability over the long term, including many initiatives focussed on increasing housing supply in the ownership and rental markets. Most recently, we were encouraged to see Toronto City Council support the Mayor’s 2023 Housing Action Plan as part of the City’s overall $2 billion commitment to housing initiatives,” said TRREB CEO John DiMichele.