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Northglen

Northglen is Bowmanville’s unique and highly desirable family neighbourhood. This successfully master-planned community offers an innovative approach for active modern families with parks, pathways, a pond and more. Everything is right at your fingertips and you will be surrounded by recreational activities, trails and conservation areas. The Northglen community offers the security and tranquilly of country living, yet is just minutes from the thriving downtown district of Bowmanville. You will be well connected to all major commuter routes including the new 407 extension, giving you easy access to town and city centres.

Natural Space

At the heart of the neighbourhood is a large open natural space with trails and pathways, complete with sports parks, a splash pad and playground areas. Choose to ride a bike, take a stroll, join in a quick game of soccer or just unwind from the stresses of everyday life. Here you and your family can create real connections, make forever friends and enjoy your neighbours. You may even choose a summer stay at home vacation with so many possibilities, all right here.

Northglen redefines the concept of neighbourhood, building innovation and thoughtful design into each element. Esquire Homes and Highcastle Homes, are both leaders in their industry and master builders of outstanding new home communities all across the GTA and Southern Ontario. Together they have successfully created a community that is simply a better place for families to grow and prosper. More than 650 families now call Northglen home, taking advantage of the outstanding investment and value here.

Builder’s inventory Homes move in Ready in 30-90

All detached Homes from low $600’s

  • Windsor 2596 sqft Model

4 bedrooms house with walkout Finished basement.

  • Carlisle 2,528 Sq. Ft Model

4 Bedrooms with Look out basement Multi-Level Home With Balcony

  • Canterbury 2,869 Sq. Ft Model Elevation B (Corner)

4 Bedrooms corner lot all Brick and Stone.

 

  • Dalton 2,480 Sq. Ft Model 

4 Bedrooms buyers to choose interior finishes

 

  • Berkeley 2,376 Sq. Ft Model 

4 Bedrooms buyers to choose interior finishes

 

  • Canterbury 2,800 Sq. Ft Model Elevation B (Corner)

4 Bedrooms corner lot all brick

 

  • Carlisle 2,528 Sq. Ft Model Elevation A

4 Bedrooms multi level home

 

  • The Winchester Model 

4 Bedrooms 

 

  • Winchester (corner lot) Model 

4 Bedrooms 

 

  •  Foundry Model 2080 Sqft

4 Bedrooms 

 

  • The Sherbourne Model 

4 Bedrooms 

 

  • The Thornbury Model

4 Bedrooms 

 

  • The Astley Model Elevation B

4 Bedrooms 

 

 

  • The Buckingham 2,856 Sq. Ft Model Elevation A

4 Bedrooms backing to green space

 

  • The Astley Model

4 Bedrooms 

For full list of inventory homes please click here   or visit http://www.SnapHomes.ca 

Bowmanville New Homes

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Urban Townhomes

Rouge Townhome

It is a new townhouse development currently under construction. The development is scheduled for completion in 2018. Sales for available units range in price from $504,990 to over $674,990 and the unit sizes range from 841 to 1300 square feet.

Click Here To Register To Get Pricing & Floor Plans

All information, prices, terms and conditions subject to change without notice. E. and O.E.

 

 

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Real Estate Forecast for 2018: What to Expect!

Real Estate Forecast for 2018: What to Expect!

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Real Estate Forecast for 2018: What to Expect

As we head into a new year, the most common question we receive is, “What’s the outlook for GTA’s real estate in 2018?”

 

It’s not just potential buyers and sellers who care; current homeowners also want reassurance about the value of their investment. No one knows exactly what 2018 will bring, but we’ve outlined expert predictions on where the market is headed and how government interventions are expected to impact the Canadian housing market in the year ahead.

HOUSING PRICES WILL REMAIN HIGH IN URBAN CENTRES

Although the Toronto real estate market did experience a slowdown in 2017, housing affordability will remain a major issue in both Toronto and Vancouver in 2018. According to the Royal Bank of Canada’s most recent Housing Trends and Affordability Report, as of Q2 2017 it cost more than 75 percent (Toronto) and 80 percent (Vancouver) of median household income to cover the average cost of owning a home.1

In an effort to stabilize prices, both the Ontario and British Columbia governments enacted a 15 percent tax on foreign investments in housing. However, according to the PricewaterhouseCoopers report on Emerging Trends in Real Estate: Canada and the United States 2018, “Industry players are skeptical that recent tax moves … to curtail foreign investment will have a long term cooling impact on housing affordability in Toronto and Vancouver.”2

In its Canadian Regional Housing Outlook, TD Economics predicts ”The decline in sales activity in both Vancouver and Toronto has helped to redistribute the balance of power from a pure seller’s market, back towards buyers, as evidenced by the sales-to-listing ratios. But, first-time homebuyers sitting on the sidelines waiting for higher interest rates to trigger a market crash may be holding their breath for a while. Prices are likely to only reset back to levels that existed prior to a year of exorbitant gains.”3

The high cost of living has forced a growing number of millennials to seek alternatives to traditional housing. The 2016 census found 47.4 percent of young adults in Toronto and 38.6 percent in Vancouver live with a parent. PricewaterhouseCoopers predicts a rise in multi-generational and multi-family homes, a move towards larger condominiums to suit growing families, and a flight from urban cores as new public transit projects make commuting more feasible.2

What does it mean for you? If you’re a current homeowner, you can expect your investment to hold its value and continue to appreciate over the long term. And if you’re considering selling this year, contact us to request a free Comparative Market Analysis to find out how much you can expect your home to sell for under current market conditions.

If you’re a potential buyer who has been waiting for real estate prices to drop, don’t expect a fallout any time soon. Governmental bodies have taken steps to slow down skyrocketing prices, which has helped to balance the market. Now is a great time to buy. And if traditional housing options don’t fit your budget, we can help you find alternatives to meet your needs.

GOVERNMENT INTERVENTIONS WILL HELP TO STABILIZE THE MARKET

Skyrocketing real estate prices have caused Canadians to take on a growing amount of debt. The federal Parliamentary Budget Office (PBO) reports that the average household indebtedness is up to 174 percent of disposable income, and they predict it will reach 180 percent by the end of 2018. Coupled with rising interest rates, the share of income that will go towards debt payments is expected to reach historic proportions.4

Regulators at the Office of the Superintendent of Financial Institutions (OSFI) have attempted to curb the potential fallout with interventions, the latest of which went into effect on January 1. These new regulations raise the requirements for mortgage borrowers with down payments of 20 percent or more. They are now required to qualify for a mortgage at an interest rate two percentage points higher than their current rate to ensure they can manage payments when interest rates do inevitably rise.

A similar “stress test” was enacted in 2016 for borrowers who put down less than 20 percent, but that regulation impacted a much smaller percentage of buyers.

According to Jeremy Rudin, the head of OSFI, “We clearly see the potential risks caused by high household indebtedness across Canada, and by high real estate prices in some markets. We are not waiting to see those risks crystallize in rising arrears and defaults before we act.”5

All federally regulated financial institutions will be obligated to utilize these requirements for both new mortgages and mortgage renewal applications of borrowers applying to switch lenders. It is not mandatory to apply the test at mortgage renewal for existing borrowers. Since credit unions are regulated provincially, they are not required to follow the new OSFI rules, although some may choose to out of prudency.

What does it mean for you? With new rules in effect, if you’re a buyer, your purchasing power may be impacted. If you’re concerned you may not be able to meet these requirements, securing your mortgage through a credit union may be an option. We are following this issue closely. Give us a call so we can discuss how these new rules will affect your home search.

If you’re considering selling your home this year, these regulations could alter the type of buyer who will be willing and able to purchase your home. We have expertise in this area and know how to market your home to a changing demographic.

5 YEAR MORTGAGES WILL MAKE A COMEBACK

Expect interest rates to rise in 2018. Bank of Canada has indicated that borrowers should expect to see rate increases this year … and notably, nearly half of Canadian mortgage holders are set to renew their mortgages in the next 12 months. Combined with the new, more stringent “stress test” requirements, a greater number of homeowners will be opting for five-year-fixed rate mortgages over the historically popular variable rate mortgages.6

According to LowerRates.ca, “Since January 2014, 56% of Canadian borrowers who applied for a mortgage through LowestRates.ca have gone variable, compared with 43% of those who got a five-year fixed. But this past August, there was a shift, where the five-year-fixed rate mortgage saw a sharp increase in applicants, with 59% of users on the LowestRates.ca site opting for this option versus only 39% opting for the variable mortgage.”7

What does it mean for you? If you’re in the market to buy, act now. Rising interest rates will decrease your purchasing power, so act quickly before interest rates go up. Give us a call today to get your home search started.

And if you’re a current homeowner who is set to renew your mortgage, you may want to consider locking in a five-year-fixed rate. Contact us if you would like assistance navigating your options.

 

 

2018 ACTION PLAN

If you plan to BUY this year:

 

1.    Get pre-approved for a mortgage. If you plan to finance part of your home purchase, getting pre-approved for a mortgage will give you a jump-start on the paperwork and provide an advantage over other buyers in a competitive market. The added bonus: you will find out how much you can afford to borrow and budget accordingly.

2.    Create your wish list. How many bedrooms and bathrooms do you need? How far are you willing to commute to work? What’s most important to you in a home? We can set up a customized search that meets your criteria to help you find the perfect home for you.

3.    Come to our office. The buying process can be tricky. We’d love to guide you through it. We can help you find a home that fits your needs and budget, all at no cost to you. Give us a call to schedule an appointment today!

 

If you plan to SELL this year:

 

1.    Call us for a FREE Comparative Market Analysis. A CMA not only gives you the current market value of your home, it’ll also show how your home compares to others in the area. This will help us determine which repairs and upgrades may be required to get top dollar for your property … and it will help us price your home correctly once you’re ready to list.

2.    Prep your home for the market. Most buyers want a home they can move into right away, without having to make extensive repairs and upgrades. We can help you determine which ones are worth the time and expense to deliver maximum results.

3.    Start decluttering. Help your buyers see themselves in your home by packing up personal items and things you don’t use regularly and storing them in an attic or storage locker. This will make your home appear larger, make it easier to stage … and get you one step closer to moving when the time comes!

 

WE’RE HERE TO HELP

 

While national real estate numbers and predictions can provide a “big-picture” outlook for the year, real estate is local. And as local market experts, we can guide you through the ins and outs of our market, and the local issues that are likely to drive home values in your particular neighbourhood. If you have specific questions, or would like more information about where we see real estate headed in our area, please give us a call! We’d love to discuss how issues here at home are likely to impact your desire to buy or a sell a home this year. Please visit our website SnapHomes.ca for latest MLS listing and pre-construction Homes & Condos.

Can’t find what you are looking for? Contact us for Exclusive list of Pre construction Homes and Condos and our pocket listings for Land!
Sources:

1.     Royal Bank of Canada’s Housing Trends and Affordability Report –
http://www.rbc.com/newsroom/_assets-custom/pdf/20170929-ha.pdf

2.     PricewaterhouseCoopers Emerging Trends in Real Estate 2018  –
https://www.pwc.com/ca/en/real-estate/assets/Real_Estate_ETRE_2018_PDF.pdf

3.     TD Economics Canadian Regional Housing Outlook –
https://economics.td.com/canadian-regional-housing-outlook-aug-2017

4.     Office of the Parliamentary Budget Officer –
http://www.pbo-dpb.gc.ca/en/blog/news/HH_Vulnerability

5.     Financial Post
http://business.financialpost.com/personal-finance/stricter-osfi-rules-on-mortgage-lending-will-do-more-harm-than-good-fraser-institute

6.     Bank of Canada Financial System Review November 2018  –
https://www.bankofcanada.ca/wp-content/uploads/2017/11/fsr-november2017.pdf

7.     Maclean’s  –
http://www.macleans.ca/economy/money-economy/canadians-rushing-to-lock-down-five-year-fixed-rate-mortgages/

 

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Pickering New Homes

New master plan community of 25,000 homes in high demand area of Pickering. Mixed of Freehold Townhomes and Detached Homes. Starts from $700’s upto 3500 sqft. Occupancy date between 2019-2020. For limited time receive up to $15,000 in upgrades. Please contact for detail.

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It’s also a central component of a landmark vision that will transform north Pickering. When Seaton is completed, it’s estimated that there will be 35,000 jobs created right in the community, as well as 70,000 total residents.
Not to mention all the parks, schools, hiking trails, shopping and dining amenities you’ll need to make this an amazing place to call home.

So when you choose to live in Pickering, you’re also choosing to live at the heart of the GTA’s most visionary new lifestyle community.

Click Here To Register To Get Pricing & Floor Plans

 

All information, prices, terms and conditions subject to change without notice. E. and O.E.

 

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Encore at Equinox

encoreQr

This new luxury development by Monarch offers an affordable lifestyle and includes many modern amenities starting from as low as $139,990*. All suites include expansive windows, balconies, terraces and/or solariums. Choose from studios, one bedroom, one-bedroom-plus-den, one-bedroom-plus solarium, two-bedroom and two-bedroom-plus solarium suites. Standard suite features include strip laminate flooring in the living/dining room, 40-ounce broadloom in the bedrooms, and contemporary kitchens with stainless steel appliances and granite countertop.

Features And Finishes

Bathroom

  • Ceramic tile flooring*** from Vendor’s standard samples*
  • Chrome bathroom towel bar and toilet paper dispenser (ceramic soap dish in tub/shower to be white)
  • Contemporary designed vanities*** from Vendor’s standard samples*
  • Cultured marble countertop with integrated contemporary washbasin and single lever faucet
  • Main bathroom vanity to include lockable medicine drawer*
  • Separate shower stall with framed glass door to include ceramic tile from Vendor’s standard samples on shower wall to ceiling (excluding ceiling) with ceramic base to match floor tile*
  • Tub enclosure to include ceramic wall tile from Vendor’s standard samples to ceiling (excluding ceiling)
  • Vanity mirror with designer selected decorative light fixture

Electrical

  • Ceiling light fixtures in foyer, hallway, kitchen, bedroom(s), den and walk-in closet*
  • Individual 100amp service panel with circuit breakers and copper wiring within suite (110/208 volt)
  • Pre-wired for cable TV in all bedrooms, living room and den* and separate telephone line in all the above rooms plus kitchen*
  • Smoke and heat detectors

Foyer

  • Interior designer detailed suite entry with solid core entry door complete with security view port and brushed metal lever hardware
  • Polished porcelain or ceramic tile flooring*** from Vendor’s standard samples*
  • Strip laminate flooring*** from Vendor’s standard samples
  • Suite intrusion alarm and key pad with digital display, featuring concierge to suite digital display communication

Kitchen

  • Ceramic tile backsplash*** from Vendor’s standard samples*
  • Complete brand name stainless steel kitchen appliance package including: 30’” Energy Star ® frost free refrigerator, 30” ceran top stove with self clean oven, 24” Energy Star ® built-in multi-cycle dishwasher and 30” microwave range hood fan vented to exterior*
  • Contemporary designed kitchens. Select cabinets offering horizontal awning style uppers.* One choice of colour for kitchen cabinets from Vendor’s standard samples.
  • Granite kitchen countertop with stainless steel drop-in sink(s) from Vendor’s standard samples*
  • Polished porcelain or ceramic tile flooring*** from Vendor’s standard samples*
  • Strip laminate flooring*** from Vendor’s standard samples*

Laundry

  • Ceramic tile as chosen for bathroom floor, from Vendor’s standard samples, to continue into laundry when it forms part of the bathroom*
  • In suite laundry with white, full sized, stacked dryer vented to exterior* and Energy Star ® front load washer
  • Studio suites features 24” Energy Star ® under counter ventless washer/ dryer all-in-one in kitchen or bathroom*
  • Vendor’s pre-selected white ceramic tile flooring* in laundry

Standard Suite Features

*In applicable suites as per Vendor’s plan.

**Interior bedrooms are those bedrooms without any windows to the exterior

***One choice of colour per room from a range of Vendor’s standard sample colour choices

Purchasers understand that the texture and smoothness of the finish on concrete surfaces will be to concrete forming industry standards. The Vendor shall have the right to substitute other products and materials for those listed in this schedule or provided for in the plans and specifications provided that the substituted materials are of a quality equal to, or better than, the products and materials so listed or so provided. Colours and specific finishes will depend on Vendor’s package as selected. All specifications, dimensions and materials are subject to change without notice. E.& O.E. Tarion Warranty Corporation All Suites protected under Tarion (formerly The Ontario New Home Warranty Program).

Last Chance to Own a Suite at Encore !

Occupancies Start this Summer

Our Clients will Receive Up to $55,000 OFF

$55,000 OFF on the 888sq.ft. 2Bedroom + Solarium !

Plus A Free Parking Space And A Free Locker

Don’t miss out on this chance to own a suite at Encore!

*Prices, specifications and promotions are subject to change without notice.Please see Sales Representative for full details. E.&.O.E. March 2013.

Last Updating March 18, 2013

 

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The Hub Condos

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Live Life on Tomorrow’s Fast Lane. Make the Switch. With its uptown edge, this new residential development by award-winning Empire Communities will play a key role in this Eg-West area’s entire renewal. With condo suites, new neighbourhood-friendly shops, services, and the Eglinton Crosstown LRT right at your front door, where else would you rather be? First in can take advantage of the good-value combination of a yet-to-be-discovered neighbourhood. Get connected to The Hub.

Price list and Floor Plans Available Upon Request!

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The Hub Condos located at the corner of Eglinton and Oakwood, 1603 Eglinton is currently the site of a single-storey commercial building. Empire Communities is planning build a 16-storey condominium with some retail space integrated into the ground floor.

Starting from the low $200’s

Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for The Hub Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

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83 Sorauren Condos

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383 Sorauren Condos is a new, modern, stunning, and well-designed condominium project by Gairloch and Centrestone Urban Developments Inc. located at 383 Sorauren Avenue. This 11-storey boutique condo is coming to Roncesvalles. It’s a fresh approach to the traditional warehouse-style, with many unique private outdoor spaces. It’s a short walk to the best retail, restaurants and parks including Sorauren and High Park. And with easy access to the Gardiner, Bloor subway, and downtown core, 383 Sorauren Condos is sure to fit your urban lifestyle.

From The Mid $200,000s

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Important Message: In order for an investor to take the most advantage of Buying Pre-construction Condos is to buy before its open to the public. Prior to opening day of a new condo sales office to the general public, prices may have gone up. This will be an opportunity for you to invest in a unit at the lowest price possible before its open to the public. You can be one of the first purchasers to be invited to Platinum VIP Preview Sales Event long before the presentation centre opens to the public. This gives you an opportunity to have the first access to inventory, best pick at unit levels, floor plans, lowest price not available to the public and the ability to take advantage of Platinum VIP Condo Incentives the builder may offer.  This is a perfect opportunity at the Platinum VIP Price.

For more information and to register now for the 83 Sorauren Condos Platinum VIP Preview Sales Event please fill out the form below, we can only bring limited customers into the Platinum VIP Sales Event, so pre-register now for priority access:

 

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