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Welcome to this beautiful large 1 bedroom plus den condo located in the heart of Markham! ✨

Step inside to find a spacious layout that effortlessly combines style and functionality. The versatile den offers endless possibilities - whether you need a home office or a cozy guest room, this space has you covered.

🛏️ 1+1 | 🛁 1 | 🚙 1
📏723 sqft
💰$658,800
📍9500 Markham Rd - #1606 Markham, ON

Indulge in the chef’s dream kitchen with stainless steel appliances and granite countertops, while the bright living area and walk-out balcony offer perfect spots for morning coffee or sunset views. The master bedroom features floor-to-ceiling windows framing picturesque views. Enjoy access to amenities like a fitness center, party room, and 24-hour concierge, plus easy commuting options and a vibrant local community at your doorstep.

Listing Agent:
Ross Talibov (.talibov.homes)

📞 647 341 3473
📧 [email protected]

Market Update

Market watch Increased choice for home buyers     📖 Read time: 2 minutes Hello Ross, In April 2024, the Greater Toronto Area (GTA) experienced a 5% decrease in real estate sales year-over-year. However, new listi

Deal friends, here some listings I have available for lease:

1) Brande new condo - Bachelor - Plaza Theater District- 8 Widmer Street, Toronto ON M5V 0W6 - $2050/ month - available June 1st

2) One bedroom condo - 5 St. Thomas St, Toronto $2300/month - available June 1st

3) Two bedroom plus den - Nordic Condos - brand new - 500 Wilson Ave, North York - $3000/ month - available immediately

Msg me if you are interested for photos or more details

Reflecting on 2023, it was a year of memorable achievements and overcoming fresh challenges. Proud to have stepped into the role of Managing Partner at Forest Hill Real Estate and launching the commercial division at TAL Group. Grateful for the growing clientele and the ongoing journey of professional growth. Excited for 2024, where collaboration with colleagues will drive our brokerage firm's success, and personal development, both mentally and physically, remains a top priority. Here's to a promising new year! 🥂

Good news! Inflation on it’s way down. Canada Inflation Rate YoY was reported at 5.2% in Feb from 5.9% in the previous period.

Statistics Canada has released the Labour Force Survey data for October 2022. Overall, the rate of unemployment has recovered from increases over May-September but is still consistent with September at 5.2%.

The biggest gains in employment were in manufacturing, construction and accommodation and food services while employment decreased in wholesale and retail trade, as well as in natural resources. Most new jobs were within the private sector, which is the first time the private sector has seen an increase in employment since March 2022.

Canada BoC Interest Rate Decision was reported at 3.75% It was expected at 4%.

Canada Inflation Rate YoY was reported at 6.9% in Sep from 7% in the previous period. It was expected at 6.8%.

Ontario’s minimum wage has gone up.
On Saturday, the provincial minimum wage increased by 50 cents to an hourly rate of $15.50.

Real gross domestic product (GDP) edged up 0.1% in July, after a similar increase in June (+0.1%). Growth in goods-producing industries (+0.5%) was partially offset by a decline in services-producing industries (-0.1%), with 11 of 20 industrial sectors increasing in July.

Canada Inflation Rate YoY was reported at 7% in Aug from 7.6% in the previous period. It was expected at 7.3%.

The Bank of Canada raised the target for its overnight rate by 75bps to 3.25% in September 2022, in line with market forecasts. It marks its fifth consecutive rate hike, pushing borrowing costs to the highest since 2008.

The August sales result represented a month-over-month increase compared to last month

Sales totalled 5,627 – down by 34.2 per cent compared to last year but up 12.8% from July, 2022

The average selling price, at $1,079,500 remained 0.9 per cent above the August 2021 level

Toronto Real Estate Board asking government to look into current stress test rules and amortization periods.

Canada's gross domestic product edged up 0.1 per cent in the month of June, with 0.8 per cent real GDP growth in the second quarter of this year, Statistics Canada said Wednesday.

The Canadian economy grew at an annual rate of 3.3 per cent during the second quarter, its fourth consecutive expansion.

After flat growth in May, 14 of 20 industrial sectors had a slight expansion in June, with client-facing industries — like travel and restaurants — driving much of the growth after the easing of public health and border restrictions.

But the data agency said there are early indications that the real GDP came down by 0.1 per cent in July, particularly in manufacturing, retail trade, wholesale and utilities sectors.

The average rental price in the Greater Toronto Area is now at $2,482

Increased by nearly 20 per cent year-over-year compared to $2,080 in July 2021.

GTA municipalities included in the report are: , , , , , , and

Canadian $ extends its weekly gain as U.S. inflation eases. The Canadian dollar edged higher against its broadly weaker U.S. counterpart on Friday as data showed some easing of U.S. inflation and ahead of a highly anticipated speech by Federal Reserve Chair Jerome Powell.

The National Aggregate MLS®Home Price Index edged down 1.7% in July compared to June.

The decline was smaller than in June

The first sign of deceleration on the prices.

Canada will ban foreign nationals from buying homes starting January 2023 – with notable exemptions for permanent residents and temporary residents, including temporary workers and international students.

The measures were part of Bill C-19 – the Budget Implementation Act, 2022 – which received royal assent on June 23, as the federal government looks to cool the hot housing market.

Finance Minister Chrystia Freeland says the ban on foreign ownership of homes is needed to curb house prices in Canada and prevent them from rising so high as to push working-class and young Canadians out of the real estate.

Canada Inflation Rate YoY was reported at 7.6% in Jul from 8.1% in the previous period. It was in line with expectations.

Despite the decline, the jobless rate held steady at its record low of 4.9 per cent, because while there were fewer jobs, there were fewer people looking for work, too.

As of the end of July, the data agency says there were about one million people in Canada officially classified as unemployed, which means they want a job but don't have one.

With a recession seeming imminent, many Canadians are rightfully concerned about the state of their finances. In anticipation of a recession, here are six tips Canadians can follow to prepare for a recession:

– Reduce spending, particularly spending on non-essential items, immediately.

– Pay off your credit card debt now. It’s important to pay down high-interest debt as much as possible, as soon as possible.

– Pay close attention to bill payments and avoid paying late charges.

– Be prepared to lose your job. Ensure your resumes and cover letters are up-to-date and you are prepared to job hunt.

– Become more hireable. Because recessions typically hit those with less experience and lower skills harder, you should keep job-related skills up-to-date.

– If possible, try to move into a recession-proof job. The most recession-proof jobs depend on skill levels, but tend to be in the government sector, health care and within education.

Plan for the worst, hope for the best

——

This article is republished from The Conversation under a Creative Commons license. Disclosure information is available on the original site. Read the original article: https://theconversation.com/6-ways-canadians-can-prepare-for-the-upc https://theconversatio

There were 4,912 home sales reported through the Toronto Regional Real Estate Board (TRREB) MLS® System in July 2022 – down by 47 per cent compared to July 2021.

Following the regular seasonal trend, sales were also down compared to June. New listings also declined on a year-over-year basis in July, albeit down by a more moderate four per cent.

The expectation is that the trend for new listings will continue to follow the trend for sales, as we move through the second half of 2022 and into 2023.

Market conditions remained much more balanced in July 2022 compared to a year earlier. As buyers continued to benefit from more choice, the annual rate of price growth has moderated.

The MLS® Home Price Index (HPI) Composite Benchmark was up by 12.9 per cent year-over-year. The average selling price was up by 1.2 per cent compared to July 2021 to $1,074,754.

Less expensive home types, including condo apartments, experienced stronger rates of price growth as more buyers turned to these segments to help mitigate the impact of higher borrowing costs.

These new data allow for an analysis of population growth during the first quarter of 2022. Canada's population was estimated at 38,654,738 on April 1, 2022, an increase of 127,978 people (+0.3%) from January 1, 2022.

Canada's economy didn't expand at all in May, the second month of the year that its failed to eke out any gains, Statistics Canada said Friday.

The data agency said that a slight uptick in the service sector wasn't enough to offset a decline in goods-producing industries, so the total value of all economic output during the month was essentially unchanged from what it was a month earlier.

The flat showing was actually better than the slight decrease of 0.2 per cent that economists had been expecting.

An advanced estimate for June suggests that the economy fared only slightly better last month, too, with an increase of 0.1 per cent.