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homes

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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Semi Detached Home For Sale In Brampton

Hi everyone

I just wanted to update everyone on another house I have available in Brampton for sale.  This beautiful semi-detached home is only 1.5 years old and is located in the northwest corner of Brampton, in a very popular neighbourhood.  The house is sunny and inviting, and is in move-in condition.  The great room is spacious and perfect for entertaining the family, while the kitchen features gleaming ceramic tiles and new appliances.  The breakfast area is very sunny and walks out onto the patio in the backyard.  The entire house has brand new carpeting.

The master bedroom features an ensuite bathroom with a glass shower door and a walk-in closet.

If you’d like more information about this property or would like to see it, please leave a comment after this post.

Video Walk Through Tour

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  • Anuj Sud
    Hi, Iam looking for a three bedroom (new/ upto 8 yrs old) semi/townhouse in brampton. Do you have anything available Pls respond at the email address provided Regards Anuj Sud

  • lang
    Hi Anna The listing information has been emailed to you. All the best, Lang

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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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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Brampton Home For Sale In The Winter

So maybe you’re thinking of selling your home soon, but your friends are telling you to wait until the spring time to take advantage of the spring market. After all, wouldn’t it be better to sell in a busy market rather than through the quieter winter months?

Not necessarily.

Here are some great reasons why you should be selling your house now instead of waiting for the spring.

  1. People buy and sell homes all throughout the year.  Not listing your house now means you’re losing out on potential buyers who are looking to buy a home right away.
  2. Due to the colder weather and occasional snow storms, you’ll get a lot less casual buyers wasting your time.  Buyers who are braving bad weather are much more serious.
  3. There are less houses on the market, which means less competition for you.

If you’ve decided you’re ready to sell in the winter, here are some tips for getting your house sold!

  • Make sure your windows are clean – Windows tend to get dusty and covered with snow.  Cleaning your windows and pulling back the curtains lets in sunlight to brighten up your rooms.
  • Make ample use of warm lighting and lamps – Cheer your home buyers up with warm, inviting lighting in every room.  Winter days tend to be darker, so make sure every room is well lit.  Get extra table lamps if you need to add a dash of lighting in any corner.  Why not turn on the fireplace as well?
  • Clear snow and ice away from the sidewalk and driveway – Show your buyers that your home is well maintained and that you’re expecting them.
  • Add a little holiday spirit with some outside staging - Adding wreaths or tasteful holiday decorations always brings festive spirits.

Most of all, make sure you hire a reliable real estate agent that doesn’t disappear for the holidays.  If you’re thinking of selling your home in Brampton, don’t forget to give me a call and let me handle the sale while you can enjoy the holiday season.  Just call 905-268-1000 and ask for Lang.

Happy holidays!

Lang

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  • Scott Nachatilo
    Thanks for the advice, and added to that during this season it seems that money are easily coming.

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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Beautiful semi-detached home for sale in Heartlake, Brampton

November 11, 2009

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Hi everyone.
I have a very lovely and recently renovated semi-detached home on a quiet street in the Heartlake area of Brampton.  It’s a 3 bedroom, 3 bathroom home in a great neighbourhood with fantastic neighbours.
The home has been freshly painted and has a myriad of recent renovations.  Among them:

a new sun deck that [...]

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

August 9, 2009

July 2009

July 2009 continued to post record sales, carrying on the surge of transactions from June.  Compared to the same time last year, July 2009 reported 9,967 sales, up 28%.  The average price per transaction went up 6% from July of last year.  It’s official – last month was the busiest July on record!
The average [...]

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Bungalow for sale in prestigious downtown Brampton – SOLD!

July 26, 2009

Hi everyone.
I just wanted to post a new listing I have available in the prestigious downtown core of Brampton.  Nestled in a quiet neighbourhood within minutes of walking distance to Gage Park and City Hall, this is a 3 bedroom, 2 bathroom renovated bungalow.  As you can tell from the pictures, there is a newly [...]

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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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