Mississauga, ON

Low interest rates + Low Prices = Once in your lifetime opportunity.

Don't miss out! Free List includes pictures and drive by address.

http://www.greatgtahomes.com

$184,900 3 Bedrooms. Great Location Near All Amenities ..

$284,900 3 Bedrooms. Detached Home With Deep Lot On A Dead End Street/Court..

$287,000 3 Bedrooms. Bedroom Detach Bungalow..

$759,000 4 Bedroom Executive Home, Massive Rooms, 2 Sided Fireplace...

http://www.greatgtahomes.com

dpylyp

"Next year at this time, the Ontario government - the same government that still maintains rent controls - will raise monthly maintenance fees for all condominium owners by between 5 per cent and 8 per cent.

Renters will face rent hikes based on operating costs for their buildings. Those increases will vary but could be in the $25-a-month range for a downtown one-bedroom suite.

Owners of older condos may face an even greater hike to top up their building's reserve fund if major work such as replacing a roof is slated for the near future.

At the same time, developers of projects with suites already sold but not yet occupied are scurrying to their lawyers. Their concern is an 8-per-cent hike in monthly maintenance fees may trigger the "material change" clause in purchase agreements and allow buyers to back out of signed deals."

http://www.theglobeandmail.com/real-estate/its-coming-hst-may-scuttle-condo-deals/article1204454/

You need to read the rest of this for yourselves.

According to the Author, the maintenance fees will increase on all existing units in addition to those that have purchased may now have an "out"

What are your thoughts?

David Pylyp
Http://Davidpylyp.com

In the first four months of 2009, TREB members reported 3,945 leased condominium apartments, representing a 38% increase over the 2,854 units leased during the same period in 2008. Almost 93 per cent of all residential rental transactions on the MLS® involved condominium apartments.

Read the Complete MLS Rental Market Report

Greater Toronto REALTORS® reported 5,185 transactions in the first half of June - an increase of 19 per cent compared to the same period last year. "Households in the GTA have become more confident in purchasing a home over the past three months," said TREB President Maureen O'Neill. "Affordability, due in part to very low borrowing costs, has played a key role."

The average price for MLS® sales was $407,716, up by two per cent compared to last year. "Heightened interest in ownership housing this spring has solidified resale home prices," according to Jason Mercer, TREB's Senior Manager of Market Analysis. "The number of home buyers has been high relative to the number of listings, pushing the average price above last year's level."

Greater Toronto REALTORS® reported 9,589 sales, up almost two per cent from May 2008 – the first annual increase since December 2007. The seasonally adjusted annual rate of sales in May was 81,3001. “The resale housing market in the GTA has remained resilient in the face of challenging times globally,” according to TREB President Maureen O’Neill. “Many home buyers have taken advantage of extremely low mortgage rates.” The average price for May transactions was $395,609 – down less than one per cent compared to the same month last year. “The average resale home price has moved in line with last year’s level because of tighter market conditions experienced this Spring,” stated Jason Mercer, TREB’s Senior Manager of Market Analysis. “Home sales have increased strongly relative to new listings, bolstering home prices.” More Info at: http://communications2.torontomls.net/newstand/news/2009/mn0906/pdf/nr_mwatch_0905.pdf Source: Toronto Real Estate Board