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condos

Daniel's FirstHome Brampton

Brampton Real Estate Update

As the Brampton real estate market grows, new subdivisions continue to pop up around the city.  By now, you’ve probably heard that Daniels is set to introduce a new townhouse community in Brampton.  Here is a brief overview of what to expect for this new corner of Brampton and how you can register for the preview.

Where will it be located?
You’ll find this new neighbourhood on Bramalea Rd., just north of Sandalwood Parkway.

What kind of homes will be available for purchase?
150 townhouses will be available in 1 bedroom, 2 bedroom, and 3 bedroom layouts.  The square footage will range from 529 – 1305 square feet.

How much will these homes cost?
Pricing will start at $159,900.  More pricing will be determined soon.  If you would like to be updated on pricing, please leave me a comment at the end of this article.

How much deposit will be required?

  1. $2,500 upon signing the Agreement of Purchase and Sale
  2. An additional $2,500 10 days after purchasing the home
  3. $1,000 each month until you reach 5% of the purchase price

What about HST?
The HST will be included in the price already.

How soon can you move into your home?
Anywhere between 30-90 days of the purchase.

I’m interested in registering, what do I do?
You can either contact me here or call me directly at 416-917-7770.

I’ve heard that lining up for registration is insane!  What’s it like?

If you’re interested in purchasing one of these homes, contact me first to find out more about the process and what it entails!  Always be informed and have sound real estate advice.  In the meantime, check out this video from the recent registrations for Daniel’s FirstHome in Mississauga.

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New Condo In Brampton - Blade Condos

Hi everyone!

In a previous post, I covered Park Place Condos.  Here’s a quick start guide to the other big condo development that is coming up in Brampton. Blade Condos is currently under construction. Read ahead to find out more details on this condo project!

Where is it located?

The official address of this building will be 45 Railroad St., and it will be located in the heart of Brampton, directly across from the GO Station and will be occupying the former Dominion Skate Factory.  Below is a picture of the site before contruction:

Brampton Condo Site

Who’s the builder?

Preston Group.

How tall will it be?

26 storeys.

What kind of suites will they have available?

  • One bedroom
  • One bedroom + den
  • Two bedroom
  • Two bedroom + den

What are square footages on these units?

The one bedroom units range anywhere between 571 – 831 square feet. The two bedroom units range anywhere between 900 – 1116 square feet.

What amenities will the building feature?

  1. Security
  2. Skating oval that converts into a walking track in the summer
  3. Fitness room
  4. Swimming pool
  5. Whirlpool
  6. Al Fresco Dining Area
  7. Yoga room

Are there prices or floor plans available?

Prices start at $179,900.  Please contact me and I’ll be happy to provide them for you.

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  • joe
    i want to know how much are the maintenance fees and what they cover and if that rate is guaranteed and for how long. also taxes, and parking is it underground is there a security gate and how many parking spots you get and if you get any extra ones and for how much. thanks for taking the time.

  • joe hawkins
    I'm interested in pricing for 1 bedrooms and/or +dens. Requesting pricing list if possible. Thanks.

As promised, here are the final selling prices for homes in the W24 district of Brampton (anywhere East of Highway 410) for 2009.

dyerware


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  • Rhonda
    Hi Lang, I just read your home prices for 2009, very interesting. I will be on the hunt for a detached 4 bedroom approx. 2400 sq ft home in the Springdale area in another year or so, what are the current market value for these homes, possibly with a finished basement, do you think the prices will go up within the next year, is this a good area to invest in the future ?.

I’ve just finished compiling the final selling prices for all homes in the W23 district of Brampton (that’s anywhere West of Highway 410) for 2009. I’ll be working on the numbers for W24 and have them posted shortly.

Hope this chart will provide useful for some of you!

dyerware


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New Condo In Brampton - Park Place

Hi everyone!

Here’s a quick start guide to one of the new condos that are coming up in Brampton.  Park Place is currently under construction.  Read ahead to find out more details on this condo project!

Where is it located?

The official address of this building will be 4 James St., and it will be located in the heart of Brampton close to City Hall and Rose Theatre.

Who’s the builder?

Inzola.

How tall will it be?

27 storeys with a beautiful 2 storey lobby.

What kind of suites will they have available?

  • One bedroom + terrace
  • One bedroom + den + terrace
  • Two bedroom + terrace
  • Two bedroom + den + terrace

What are square footages on these units?

The one bedroom units range anywhere between 612 – 743 square feet.  The two bedroom units range anywhere between 887 – 1764 square feet.

What amenities will the building feature?

  1. Security
  2. Library
  3. Yoga Studio
  4. Fitness Room
  5. Home Theatre
  6. Party Room
  7. Dining Room
  8. Billiards Room
  9. Boardroom
  10. Cards Room
  11. BBQ Patio
  12. Guest Suite

Are there prices or floor plans available?

Please contact me and I’ll be happy to provide them for you.

Can I see what the building looks like?

You can access a live webcam that shows the construction of the building.

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  • lang
    Hi Rose Please check your email. :) Lang

  • Rose Paulo
    please keep me up to date on info regarding Park Place condos. Also is there a prise list for the units along with sq?? thank you, Rose

HST Tax

One of the most frequent questions I get from clients is about the upcoming Harmonized Sales Tax (HST) and how it will affect the purchase of a home.  Here is the breakdown of the rules:

When does the HST take effect?

July 1, 2010.

How much tax will I be paying in total?

13% (That’s 5% GST + 8% PST).

I’m buying a resale home, so will I have to pay this HST?

Good news!  The answer is NO!  If you’re buying a resale home, you simply pay the purchase price as usual.

I’m thinking of buying a new home from the builder, so will I have to pay this HST?

Ouch, yes you do!

But wait, I heard there is some sort of rebate program in place if I bought a brand new home?

The Province is proposing a rebate so that new homes across all price ranges would receive a 75 per cent rebate of the provincial portion of the single sales tax on the first $400,000. For new homes under $400,000, this would mean, on average, no additional tax amount compared to the current system.

Is there anything else that I would have to pay HST on?

Unfortunately, they’re hitting you everywhere.  You’ll be paying HST on legal fees, moving costs, home inspection fees, and real estate commissions.

Where can I find out the full details of this tax and how it works?

You can read all the exciting details right here.

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  • lang
    Hi Brent Yes, in this case you would. Generally, sales of new homes under written agreements of purchase and sale entered into on or before June 18, 2009 would not be subject to the provincial portion of the single sales tax, even if both ownership and possession are transferred on or after July 1, 2010. The tax would also not apply to sales of new homes under written agreements of purchase and sale entered into after June 18, 2009 where ownership or possession is transferred before July 1, 2010. Hope that helps! Lang

  • Brent
    If I purchase a new home before July 2010 but completion date is Summer of 2011, would I still have to pay the HST tax?

Brampton Real Estate October 2009

December 2009

December sales across the GTA showed a 17% increase over the same month of 2008.  Overall in 2009, home prices increased by 4%.

The average time it took to sell a home continued to stay brisk at an average of 27 days, contributing the trend of low inventory of homes in Brampton.

In December of 2009, Brampton had only 849 active listings on the market, 517 of which were new listings. There were 502 recorded sales in this month. Here is the break down according to areas in Brampton.

W23 (Any area in Brampton west of Highway 410)

Overall
Average sale price: $330,180
Median sale price: $315,250
Average number of days it took to sell a property: 26 days
Average % of listing price a property sold for: 98% of asking price

Detached Homes
Number of properties sold: 180
Average sale price: $374,110
Median sale price: $359,500
Average % of listing price a property sold for: 98% of asking price

Semi-Detached Homes
Number of properties sold: 60
Average sale price: $283,292
Median sale price: $285,450
Average % of listing price a property sold for: 99% of asking price

Condo Apartment
Number of properties sold: 5
Average sale price: $200,300
Median sale price: $205,000
Average % of listing price a property sold for: 97% of asking price

Condo Townhouse
Number of properties sold: 22
Average sale price: $209,345
Median sale price: $203,500
Average % of listing price a property sold for: 98% of asking price

Attached/Row/Townhouse
Number of properties sold: 32
Average sale price: $275,361
Median sale price: $266,000
Average % of listing price a property sold for: 98% of asking price

W24 (Any area in Brampton east of Highway 410)

Overall
Average sale price: $341,958
Median sale price: $333,000
Average number of days it took to sell a property: 27 days
Average % of listing price a property sold for: 97% of asking price

Detached Homes
Number of properties sold: 103
Average sale price: $434,451
Median sale price: $428,000
Average % of listing price a property sold for: 98% of asking price

Semi-Detached Homes
Number of properties sold: 32
Average sale price: $306,153
Median sale price: $301,750
Average % of listing price a property sold for: 98% of asking price

Condo Apartment
Number of properties sold: 27
Average sale price: $165,541
Median sale price: $156,600
Average % of listing price a property sold for: 96% of asking price

Condo Townhouse
Number of properties sold: 18
Average sale price: $187,3725
Median sale price: $182,500
Average % of listing price a property sold for: 96% of asking price

Attached/Row/Townhouse
Number of properties sold: 18
Average sale price: $294,967
Median sale price: $293,250
Average % of listing price a property sold for: 98% of asking price

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1% commission

Seasons greetings, everyone!

As the holiday season is now upon us, despite the fact that we’ve still yet to see snow, you might be dreading all the cash you’ll soon be dropping on gifts for your friends and family. And if you’re planning on selling your house this winter, what makes matters worse is thinking about all the real estate commissions you’ll be paying.

So for a limited time, I’ll be taking all listings at 1% commission for the listing side.  As usual, you’ll still have to pay 2.5% to the buyers side.  However, if I sell the house myself to my own clients or from this blog, you’ll be paying only 1% in total.

Although you’ll be paying substantially less real estate commissions, you’ll still be getting full MLS service. Here’s what you’ll be getting for 1% commission:

  • Full MLS service, meaning your home gets listed on Realtor.ca (formerly MLS.ca)
  • Exposure of your home on the 1st page of Google
  • A full article written about your home that will be featured here on the Brampton Real Estate Blog
  • Stunning photography of your home that beats over 95% of the typical horrible pictures you see on other listings
  • Advertising on several newspapers, websites (including Kijiji, Craigslist, and eShazoom), inter-office postings, and mailings
  • An easy-exit promise, which means if at anytime you’re unhappy and wish to cancel, it’s no questions asked and absolutely no cost or fees

Give me a call at 905-268-1000 and ask for Lang, and I’ll be glad to help you sell your home quickly and for the highest possible price.

All the best,

Lang

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How did the Brampton real estate market do in October 2009?

November 26, 2009

October 2009

The average price for October transactions increased by 20% compared to October of last year.  Houses valued over $750,000 experienced the largest jump in sales.  Inventory is extremely low and demand is high.
The average time it took to sell a home also dropped substantially to an average of 27 days.
In October of 2009, Brampton [...]

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How did the Brampton real estate market do in June 2009?

July 26, 2009

June 2009

June of 2009 was a great indication of just how strong the real estate market has bounced back from the lows of a few months ago.  June proved to be the BEST JUNE ON RECORD, showing increased sales by 27% over June of 2008.  The average price for homes in the Greater Toronto Area [...]

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How did the Brampton real estate market do in May 2009?

June 23, 2009

May 2009

May proved to be an extremely busy month, with sales up almost two percent compared to May of 2008.  The average price for May transacations was down less than one percent compared to the same month last year.  With recent low mortgage rates, buyers are flocking to listings.  Inventory has begun to decline with [...]

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How did the Brampton real estate market do in April 2009?

May 6, 2009

April 2009

The real estate market in the Greater Toronto Area has continued to show positive gains in the month of April.  Sales remain only 7% down from April of last year when the market was still strong; however, the seasonally adjusted rate indicates an increase of 26% from the month of March.
The average price for [...]

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Brampton condo for sale near Bramalea City Centre – SOLD!

April 28, 2009

Hi everyone.  I just picked up a listing for a gorgeous 2 bedroom + 1 solarium condo near Bramalea City Centre in Brampton.  The building is very well maintained, and comes with a host of amenities (including an exercise room, recreation room, sauna, tennis court, outdoor pool, and 24 hour concierge).  Being right across the [...]

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How did the Brampton real estate market do in March 2009?

April 6, 2009

March 2009

The real estate market showed very positive results for the month of March.  In comparison to March of last year, sales were only down 7% which represents the smallest year-to-year decline since the economy showed signs of trouble in the fall.  In fact, the average sale price in the GTA last month compared to [...]

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