Posts tagged as:

homes

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

{ 7 comments }

This post has 7 comments

  • 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


{ 1 comment }

This post has 1 comment

  • 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


{ 0 comments }

This post has no comments yet

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.

{ 3 comments }

This post has 3 comments

  • 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

{ 0 comments }

This post has no comments yet

Brampton Basement Apartment

This is probably the most popular topic of conversation on my blog, as well as the most asked about topic in my emails.  Hopefully the information I provide below will be clear, concise, and answer all your questions as thoroughly as possible.  If you haven’t already done so, please read my previous article on basement apartments in Brampton.

I’m confused.  What is the definition of a basement apartment according to the city?

A basement apartment is a self-contained apartment consisting of a room or rooms in a single or semi-detached house. A basement apartment may be in any part of the house, not necessarily in the basement. Some people call these apartments granny flats, nanny suites, accessory apartments and second suites. The City’s bylaw refers to them as “residential units.”

A self-contained apartment must have a separate means of entry (which may be through another unit), a kitchen (or cooking area) and bathroom facilities. A self-contained apartment may be as small as a single room that contains all of these features.

–> However, if you rent a room in a house or a flat with a shared entrance, kitchen and bathroom facilities, this bylaw does not apply to you. <–

Who enforces these by-laws?  Is this Ontario-wide or does this only apply to Brampton?

In 1994, the Government of Ontario proclaimed Bill 120, which permitted second units in houses. The bill permitted the units, despite Brampton’s municipal zoning bylaws, if the units met health and fire safety standards.

On November 16, 1995, the Government of Ontario introduced Bill 20, restoring to municipalities the right to outlaw basement apartments. Bill 20 became effective on May 22, 1996.

Bill 20 prohibits new apartments in houses after May 22, 1996. The bill allowed homeowners to keep apartments in houses that tenants or other residents occupied on or before November 16, 1995 – if they conform to the requirements of the original Bill 20. It also allowed apartments that homeowners built between November 16, 1995 and May 22, 1996 if the City issued a building permit.

So if my house has a basement apartment, how do I know if it’s legal or not?

If you purchase a home in Brampton and the basement apartment was built after November 16, 1995, it is illegal. The only legal basement apartments in Brampton had to have been built prior to that date, and have had to been registered with the city before January 31, 2006 and/or have legal non-conforming status.

A single or semi-detached registered home can only have one basement apartment. Homes that have been subdivided into more than two units are strictly prohibited unless the property has been specifically zoned to permit multiple units. It is extremely rare to find a house that has been zoned as a triplex!

Can I legally convert vacant space in my home into a basement apartment?

NO! The City Of Brampton states:

More than one dwelling unit is not permitted and is not safe.  The property must be returned to a One Dwelling Unit house regardless of who is occupying the additional dwelling unit.

Definition of dwelling unit as per 1994 Ontario Building Code “Dwelling Unit means a suite operated as a housekeeping unit, used or intended to be used as a domicile by one or more persons and usually containing cooking, eating, living, sleeping, and sanitary facilities”.

The property shall be converted back to a one dwelling unit house by completing ALL of the following:

  1. All tenants/occupants must be removed from one of the dwelling units, and
  2. The locks separating the units shall be removed and replaced with passage sets, and
  3. Owners must sign the “One Unit Dwelling Declaration” located at the back of this package and provide to the Fire Prevention Officer, and
  4. Ontario Fire Code Division B, 2.13.2.1. requires operating smoke alarms on every storey located outside of the sleeping area, and
  5. City of Brampton By-Law 275-98 as amended requires that a Carbon Monoxide alarm (CO alarm) is installed outside of the sleeping area in a house that contains a fuel-fired appliance (eg. gas / oil furnace, fireplace).

A Fire Prevention Officer will attend your residence after 90 days to inspect the entire property and the expectation is that the building is fully compliant with all codes and by-laws. The expectation is that the building will be converted back to a One Dwelling Unit house and if not, charges will be filed.

Failure to comply with all applicable codes and by-laws will result in prosecution.

Can I still register an older home that had a basement apartment before November 16, 1995?

A home with a basement apartment that a previous owner had not registered with the City of Brampton may still have legal non-conforming status. Contact Enforcement and By-Law Services to determine whether the home has this status.

If City staff investigate the situation and discover enough evidence to prove that the home had a basement apartment before November 16, 1995, the staff can add your unit to the City’s Registration List — if you have complied with the requirements under the Building Code and Fire Code and you have clearance from the Electrical Safety Authority. Converting and upgrading the apartment to meet standards may cost you more than $15,000. However, you may also qualify for a grants for converting your property through the Canada Mortgage and Housing Corporation (CMHC).

If staff do not find enough evidence that the home had a basement apartment before November 16, 1995, the City will require the homeowner to dismantle the unit or face prosecution.

What should I be watching out for when I am looking to buy a home with a basement apartment?

Lawyers or real estate agents such as myself can confirm the status of a basement apartment with the city in order to provide you with the right information.

Real Estate Agents are bound by code of conduct guidelines and must fully and fairly disclose all information about a property for sale. Homes with doubtful legal status are typically listed with the caution “Vendor does not warrant retrofit status”, and you may have to seek further legal advice before proceeding with the purchase of a home.

{ 2 comments }

This post has 2 comments

  • lang
    Neil Thank you so much for the kind words - glad my article was useful! :) Lang

  • Neil Uttamsingh
    Lang, What an incredible article! Very well written indeed. I know a few friends who would benefit from reading this. One of them who in fact is a real estate investor, investing in Brampton. Often times there is so much confusion with respect to this topic. The flow of your article was so descriptive and informative. Kudos for creating such quality content to educate your readers! Best Regards, Neil Uttamsingh.

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

{ 1 comment }

This post has 1 comment

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

market.jpg

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 April transactions was down only 3% from last year.  More houses are selling as inventory begins to decline!

In W23 (any area in Brampton west of Highway 410), the average days it took to sell a home dropped from 38 days to 34 days.  In contrast, homes in W24 actually saw an increase in days on the market from 37 to 39 days.

In April of 2009, Brampton had 2,108 active listings on the market, 1,252 of which were new listings. There were 714 recorded sales (up from 539 from March) 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: $303,753
Median sale price: $300,000
Average number of days it took to sell a property: 34 days
Average % of listing price a property sold for: 97% of asking price

Detached Homes
Number of properties sold: 256
Average sale price: $336,076
Median sale price: $335,500
Average % of listing price a property sold for: 97% of asking price

Semi-Detached Homes
Number of properties sold: 109
Average sale price: $272,067
Median sale price: $270,000
Average % of listing price a property sold for: 98% of asking price

Condo Apartment
Number of properties sold: 11
Average sale price: $179,545
Median sale price: $185,500
Average % of listing price a property sold for: 95% of asking price

Condo Townhouse
Number of properties sold: 23
Average sale price: $223,117
Median sale price: $237,000
Average % of listing price a property sold for: 97% of asking price

Attached/Row/Townhouse
Number of properties sold: 35
Average sale price: $258,129
Median sale price: $255,000
Average % of listing price a property sold for: 97% of asking price

W24 (Any area in Brampton east of Highway 410)

Overall
Average sale price: $320,635
Median sale price: $307,500
Average number of days it took to sell a property: 39 days
Average % of listing price a property sold for: 96% of asking price

Detached Homes
Number of properties sold: 146
Average sale price: $382,757
Median sale price: $389,000
Average % of listing price a property sold for: 97% of asking price

Semi-Detached Homes
Number of properties sold: 62
Average sale price: $288,428
Median sale price: $295,650
Average % of listing price a property sold for: 97% of asking price

Condo Apartment
Number of properties sold: 19
Average sale price: $166,632
Median sale price: $175,000
Average % of listing price a property sold for: 96% of asking price

Condo Townhouse
Number of properties sold: 19
Average sale price: $182,395
Median sale price: $175,000
Average % of listing price a property sold for: 96% of asking price

Attached/Row/Townhouse
Number of properties sold: 29
Average sale price: $272,625
Median sale price: $273,000
Average % of listing price a property sold for: 97% of asking price

{ 0 comments }

This post has no comments yet

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

March 11, 2009

February 2009

The real estate market in Brampton saw a noticeable increase in activity last month.  What’s interesting is that average sale prices for homes in the W23 district (west of Highway 410) went up and the time it took to sell a home dropped from 49 days to 40.  In contrast, W24 (east of Highway [...]

Read the full article →

What are my rights as a landlord or tenant in Brampton?

January 18, 2009

Over the last year of blogging, I’ve noticed that I’ve received the MOST inquiries about tenant and landlord rights, so I thought it’d be a good time to go over some of the essential things you need to know.
Landlord and tenant rights in Brampton are governed by the Landlord & Tenant Act of Ontario.
I’ll list [...]

Read the full article →

When should I replace parts of my home?

June 17, 2008

Although this article may be useful for people living in older homes, purchasers of newer homes can also benefit from this. A home in not unlike a car – it’s made up of a variety of components that have different life expectancies and that need to be replaced throughout various stages of it’s use. [...]

Read the full article →

What is a status certificate?

May 1, 2008

Condo apartments and condo townhouses are becoming increasingly popular in Brampton to accommodate the other spectrum of buyers that are not looking for large detached homes. If you’re in the process of buying a condo or am thinking of buying one in the near future, you will encounter something called a status certificate. [...]

Read the full article →

How much will it cost me to pave my driveway or build a garage?

April 29, 2008

As always, I’m always on the lookout for building/renovation costs to provide to my readers as a general basis before taking on renovation tasks. It’s tough sometimes knowing where to begin or knowing who to ask regarding large projects and the costs that are associated. Hopefully, my previous articles have been of some [...]

Read the full article →

How did the Brampton real estate market do in March 2008?

April 10, 2008

Here are the latest numbers for the real estate market in Brampton for March 2008.  Although inventories remained low all around the GTA due to a prolonged winter, sales remained brisk, especially in the 905 suburbs.
Don’t forget that The Bank Of Canada is expecting to once again drop it’s key lending rate on April 22.  This [...]

Read the full article →