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Bruce Willis New York estate

Bruce Willis New York estate for sale

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Bruce Willis New York estate for sale

Die Hard star Bruce Willis has been actively buying and selling real estate across the country for years while still managing his other business ventures and a tight film schedule. With the goal of returning to California to be close to family and friends, and having just sold his Sun Valley ski home, his focus has now turned to the sale of his pastoral New York estate, which has served as his East Coast family residence since 2014. It is listed at $12.95 million (U.S.).

Located only 40 minutes from midtown Manhattan, the gated 22-acre estate in Bedford Corners comes with views over the Croton Reservoir and lush countryside. Grounds contain a total of four houses, two garages, a saltwater pool, poolhouse and tennis court.

There is also a vegetable garden much loved by Emma and Bruce’s young children. With a total of 12 bedrooms between the four houses, it is convenient to entertain guests who can enjoy their own separate fully-contained living space.

The Craftsman-style main house — at 8,958 open-and-airy square feet — has five bedrooms and multiple fireplaces including one in the kitchen and master suite. There is also a playroom, media room, wine cellar and an octagonal room above the roofline for viewing the countryside and the reservoir. The house is filled with light from large windows that offer superb views and ultimate privacy.

Westchester County is well known for its celebrities who enjoy living in the countryside but also its proximity to Manhattan. The area is home to Oscar-winning actors, Broadway stars, musicians and billionaires including Ryan Reynolds and Blake Lively, Michael Douglas and Catherine Zeta-Jones, Chevy Chase, David Letterman and Richard Gere. Billionaires Nelson Peltz and Jamie Dimon, JP Morgan CEO, also live in Bedford.

Though their lives will be concentrated on the West Coast in coming years, the Willis family will still keep their Manhattan apartment.

Willis is currently working on the film Glass, with plans already in the works for three additional films. Now with more than 70 films under his belt, Bruce, 63, shows no signs of slowing down, proving himself to be an “action” figure in real life as well as the roles he plays.

The elegant country estate of Bruce and Emma Willis is now on the market priced at $12.95 million. The listing agents are Nancy Strong, Stacey Oestrich and Ann Cutbill Lenane of Douglas Elliman Real Estate, Armonk, N.Y.

 

Rob Lowell Photography

340 Croton Lake Road – Bedford Corners, New York

Source: TopTenRealEstateDeals.com


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Empire Communities

Empire Communities has 4 new model homes in Thorold to inspire homeowners

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Empire Communities has 4 new model homes in Thorold to inspire homeowners

After much anticipation, Empire Communities, one of Canada’s largest homebuilders, has unveiled four brand new model homes in the Legacy community in Thorold. Empire is thrilled to have partnered with renowned Toronto-based interior design firm, figure 3, to bring the vision for these model homes to life, and create unique spaces that will inspire.

Legacy
Legacy

With the help of figure 3, Empire selected four unique design styles to appeal to the diverse needs and tastes of its homeowners – Shabby Chic, Industrial Ranch, Modern Scandi and Manor Estate. Each of these spaces offers a great deal of inspiration and skillfully display four distinct home plans available at Legacy.

“Empire has worked with figure 3 in the past, and we have always been delighted with the end result. There was no question that partnering with them on these model homes at Legacy would result in four very unique, yet beautiful spaces,” says Sue MacKay, vice-president of marketing at Empire Communities. “We can’t wait for the public to view our brand new models and we hope they get inspired to bring these decor styles into their own homes.”

Shabby Chic
Shabby Chic

The Shabby Chic is a 2,306-sq.-ft., four-bedroom Vibrant Corner home featuring an eclectic mix of antique decor accents, intricate light fixtures, distressed woods and woven fabrics.

Industrial Ranch
Industrial Ranch

Inside the 2,606-sq.-ft., four-bedroom Enchant model lives the Industrial Ranch style. This home is furnished with elegant brown leather sofas and modern farm-inspired furniture and accessories.

Modern Scandi
Modern Scandi

Mixed with light hardwood floors, furniture and natural materials, the interior of the 1,908-sq.-ft., four-bedroom Tranquil model is true to Modern Scandi style as it is bright, airy and minimalistic.

Manor Estate
Manor Estate

The Manor Estate home was designed with a sophisticated homeowner in mind, featuring elegant furniture in muted tones, a calming gray paint scheme and plenty of bling throughout the 3,483-sq.-ft., four-bedroom Gloucester plan.

Once completed, the Legacy community will be home to more than 1,000 new families. Construction is now well underway on townhomes and detached homes as the area comes to life and prepares for its first residents.

Prospective homeowners and community members are invited to visit Empire Legacy in Thorold at 1161 Kottmeier Rd. to explore the new model homes and check out the ongoing construction progress within the community.

Empire Communities is a residential builder/developer involved in all sectors of the new homebuilding industry, including both lowrise and highrise built forms. Celebrating 25 years of building inspiring new places to live, Empire has an established tradition of creating prestigious award-winning new homes, communities and amenities and has earned a reputation for outstanding attention to detail and customer service.


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Activa homes is the best in quality, service and satisfaction

Activa homes is the best in quality, service and satisfaction

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Activa homes is the best in quality, service and satisfaction

Meet Activa, the largest and most active land developer and home builder in the Region of Waterloo. As your partner, they understand that buying a new home is not just a financial investment, but a personal and emotional one too. That’s why Activa has developed a streamlined and stress-free process that makes your homebuying experience second-to-none. From your colour selections appointment and your first walk-through of the home at pre-drywall, to your pre-delivery inspection and after move-in care, Activa provides you with the best in quality, service and satisfaction and ensures you are informed and looked after at every step.

Homes & Communities by Activa

Activa is proud to offer quality-built homes with stunning standards, in communities that include access to parks, trails, schools, and must-have amenities.

The company’s detached homes and townhomes showcase incredible features as standard, offering homeowners more than $20,000 in value without an increase in price! These include larger basement windows, nine-ft. main floor ceilings, engineered hardwood, granite kitchen countertops, and more. The homes are also Energy Star certified, saving you money and giving you a quieter, more comfortable home.

Last year, Activa was proud to be named Builder of the Year – Single-Detached, by the Waterloo Region Home Builders Association and the Waterloo Region Record. With a continued commitment to a stress-free home building journey and a quality-built home, Activa is excited to be launching several new projects in 2019. Here are the communities you should register for this year:

Doon South

Coming to Kitchener’s Doon South in early 2019 are new and popular townhome floorplans in back-to-back, traditional and split-level designs. These will offer 1,300 to 1,900 sq. ft. of space, two to three- bedrooms, and attached one or two-car garages. The Doon South area combines natural elements such as environmentally-protected woodlands, greenspaces, and parkland interwoven with a network of walking trails, easy 401 access and close proximity to many other amenities. The new Groh Public School, which covers Junior Kindergarten to Grade 8, is within walking distance, making Doon South an ideal location for young families and commuters. Pricing will start in the high $300,000s.

Huron Village

Activa is also proud to be returning to Kitchener’s Huron Village in early 2019, offering single-detached homes, as well as stacked and back-to-back townhome designs – including a limited number of live-work units. These large townhomes will offer spacious, open-concept main floors, 1,250 to more than 4,000 sq. ft., two to four bedrooms and, for many, a finished office or attached garage. The picturesque Huron Village is known for its proximity to natural areas where families can run, walk, bike and hike. Conveniently located near Hwy. 7/8 as well as the 401, homes will also be close to various shops and restaurants.

What’s currently on the market?

In addition to these exciting upcoming releases, Activa is currently selling single-detached, townhomes, and condominiums in several communities across Waterloo Region. Think stunning suburban condos with 900 to 1,400 sq. ft. priced from the mid $300,000s, spacious townhomes with 1,650-plus sq. ft. from the high $400,000s, and luxurious single-detached homes with 1,600 to 4,000 sq. ft. from the high $500,000s. Don’t want to wait for a new build? Activa also offers several move-in ready homes in both Cambridge and Waterloo.

Why Waterloo Region?

Less than an hour away from the GTA, Waterloo Region offers all the benefits of the big city, without the downtown price tag. For the same $500,000 you could spend on a downtown bachelor pad, you can get a spacious two-bedroom condo, a three-bedroom freehold townhome with easy 401 access, or with just a bit more budget you can get away from sharing walls in your own single-detached home.

Waterloo Region is home to hundreds of parks, and over 125 km of trails to walk, bike or jog. Just minutes from Hwy. 401, the Region is less than an hour’s drive from Mississauga and has several buses and trains to Toronto – making for a reasonable commute however you travel. The Region also boasts incredible and unique restaurants, renowned schools for all ages, multiple produce markets and entertainment hotspots for live theatre, movies, and outings alike.

Whether you’re looking to spread out with more space or hoping to save some coin on your new home purchase, you’ll find a great place to live in Waterloo Region

Homes for every lifestyle, just down the 401

Whether you’re building your first home, one with more space for your growing family, or something to rightsize into, Activa ensures that each home is built to a higher standard, with tried-and-true home designs, communities close to amenities, and building certifications such as Energy Star.

ACTIVA GROUP

Ready to find your next home? Browse Activa’s communities and homes on the website and set up a personal appointment with one of their knowledgeable sales representatives.

activa.ca


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Resale Market: Homes sales fall in 2018

Resale home sales fall in 2018

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Resale home sales fall in 2018

Highlights:

  • National home sales fell 2.5 per cent from November to December.
  • Actual (not seasonally adjusted) activity was down by 19 per cent from one year ago.
  • The number of newly listed homes was little changed from November to December.
  • The MLS Home Price Index (HPI) was up 1.6 per cent year-over-year in December.
  • The national average sale price fell by 4.9 per cent year-over-year in December.

Home sales via Canadian MLS Systems fell by 2.5 per cent in December 2018 compared to November, capping the weakest annual sales since 2012. Monthly declines in activity since September have fully retrenched its summer rally and returned it near the lowest level since early 2013.

Transactions declined in about 60 per cent of all local markets in December, led by lower activity in Greater Vancouver, Vancouver Island, Ottawa, London-St. Thomas and Halifax-Dartmouth, together with a regionally diverse mix of other large and medium sized urban centres.

Actual (not seasonally adjusted) activity was down 19 per cent year-over-year in December 2018 and stood almost 12 per cent below the 10-year average for the month of December. Sales were down from year-ago levels in three-quarters of all local markets, led overwhelmingly by the Lower Mainland of British Columbia, the Okanagan Region, Calgary, Edmonton, the Greater Toronto Area and Hamilton-Burlington. This decline, in part, is due to elevated activity posted in December 2017 as homebuyers rushed to purchase in advance of the new federal mortgage stress test that came into effect on January 1, 2018.

“What a difference a year makes,” says CREA president Barb Sukkau. “Sales trends were pushed higher in December 2017 by homebuyers rushing to purchase before the new federal mortgage stress test took effect at the beginning of 2018. Since then, the stress test has weighed on sales to varying degrees in all Canadian housing markets and it will continue to do so this year.”

“The Bank of Canada recently said that it expects housing activity will stay ‘soft’ as households ‘adjust to the mortgage stress test and increases in mortgage rates,’ even as jobs and incomes continue growing,” says Gregory Klump, CREA’s chief economist. “Indeed, the bank’s economic forecast shows it expects housing will undermine economic growth this year as the mortgage stress test has pushed homeownership affordability out of reach for some home buyers,” he added.

The number of newly listed homes remained little changed (up 0.2 per cent) from November to December, with declines in close to half of all local markets offset by gains in the remainder.

With sales down and new listings steady in December, the national sales-to-new listings ratio eased to 53.3 per cent compared to 54.8 per cent in November. This measure of market balance has remained close to its long-term average of 53.5 per cent since the beginning of 2018.

Considering the degree and duration to which market balance readings are above or below their long-term averages is the best way of gauging whether local housing market conditions favour buyers or sellers. Market balance measures that are within one standard deviation of their long-term average are generally consistent with balanced market conditions.

Based on a comparison of the sales-to-new listings ratio with the long-term average, about two-thirds of all local markets were in balanced market territory in December 2018.

The number of months of inventory is another important measure for the balance between sales and the supply of listings. It represents how long it would take to liquidate current inventories at the current rate of sales activity.

There were 5.6 months of inventory on a national basis at the end of December 2018. While this remains close to its long-term average of 5.3 months, the number of months of inventory has swollen far above its long-term average in Prairie provinces as well as in Newfoundland and Labrador. By contrast, the measure remains well below its long-term average in Ontario and Prince Edward Island. In other provinces, sales and inventory are more balanced.

The Aggregate Composite MLS Home Price Index (MLS HPI) was up 1.6 per cent year-over-year in December 2018. The increase is smaller but still broadly in line with year-over-year gains posted since July.

Apartment units posted the largest year-over-year price gains in December (4.9 per cent), followed by townhouse/row units (3.1 per cent). By comparison, two-storey single-family homes posted a small increase (0.4 per cent) while one-storey single-family home prices eased slightly (-0.3 per cent).

Trends continue to vary widely among the 17 housing markets tracked by the MLS HPI. Results were mixed in B.C. Prices are now down on a year-over-year basis in Greater Vancouver (-2.7 per cent) but remain above year-ago levels in the Fraser Valley (+2.5 per cent). Meanwhile, prices posted a year-over-year increase of 6.4 per cent in Victoria and rose 11 per cent elsewhere on Vancouver Island.

Among housing markets tracked by the index in the Greater Golden Horseshoe Area, MLS HPI benchmark home prices were up from year-ago levels in Guelph (6.8 per cent), the Niagara Region (6.8 per cent), Hamilton-Burlington (6.4 per cent ), Oakville-Milton (3.3 per cent) and the GTA (3 per cent ). Home prices in Barrie and District remain slightly below year-ago levels (-1.1 per cent).

Across the Prairies, where supply is historically elevated relative to sales, benchmark home prices remained below year-ago levels in Calgary (-3.2 per cent), Edmonton (-2 per cent), Regina (-5.2 per cent) and Saskatoon (-1.2 per cent). The home pricing environment is likely to remain weak in these housing markets until elevated supply is reduced and becomes more balanced in relation to demand.

Home prices rose 6.9 per cent year-over-year in Ottawa (led by an 8.3-per-cent increase in townhouse/row unit prices), 6 per cent in Greater Montreal (led by a 9.1-per-cent increase in townhouse/row unit prices) and 2.5 per cent in Greater Moncton (led by a 12.2-per-cent increase in townhouse/row unit prices).

The MLS HPI provides the best way to gauge price trends because average price trends are strongly distorted by changes in the mix of sales activity from one month to the next.

The actual (not seasonally adjusted) national average price for homes sold in December 2018 was just over $472,000, down 4.9 per cent from the same month in 2017. The year-over-year decline reflects how the jump in sales in December 2017 in advance of the stress test was more pronounced in more expensive markets. The national average price is heavily skewed by sales in Greater Vancouver and the GTA, two of Canada’s most active and expensive markets. Excluding these two markets from calculations cuts almost $100,000 from the national average price, trimming it to just under $375,000.

For more information, visit crea.ca/housing-market-stats/


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Heathwood_Jan_RealEstate_fi

The Heathwood tradition continues at Wallaceton in South Kitchener

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The Heathwood tradition continues at Wallaceton in South Kitchener

For nearly 40 years, award-winning builder Heathwood Homes has been creating extraordinary communities for families across Southern Ontario. Now, Heathwood is offering fabulous new homes in Wallaceton, a unique master-planned community in the desirable and convenient area of South Kitchener.

At the sales opening of the luxurious townhomes, 50 per cent of the limited release was sold to purchasers attracted to Heathwood’s innovative open-concept designs in three- and four-bedroom layouts. An excellent selection of these fabulous townhomes are still available. In addition, Heathwood is accepting registrations for its upcoming 31-ft. single-detached homes release.

Wallaceton’s location is perfect for first-time buyers, young and growing families seeking a move to a larger home, as well as those right-sizing their lifestyle. Situated opposite the new RBJ Schlegel Park, which is currently under construction, Wallaceton also has a large community park, unique parkettes, an elementary school site, open space/wetland area, ponds, trails and walkways. A wide selection of retailers and restaurants are also nearby.

Heathwood’s homes have striking exteriors in timeless materials of stone, brick and siding with classic detailing. Luxury interior features of these townhomes include finished lower level with a three-piece bathroom, nine-ft. main level ceilings, stone kitchen counters, hardwood flooring on main level, oak stairs, electric fireplace in great room (all as per plan), and many more luxury features. The two-storey townhomes range from 1,785 to 2,733 sq. ft. with spacious living and dining areas, large family rooms, gourmet kitchens and sleek bathrooms.

The 31-ft. detached homes will be available in sizes from 1,600 to nearly 3,000 sq. ft., with three- and four-bedroom layouts and loaded with standard luxury features.

Heathwood has earned the reputation as a builder with a difference – and that difference will soon brighten South Kitchener’s residential landscape in Wallaceton. Register for Wallaceton singles today at heathwood.com.

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Mattamy_Jan_RealEstate_fi

Smart, energy-efficient homes of the future coming to Markham

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Smart, energy-efficient homes of the future coming to Markham

The City of Markham in partnership with Mattamy Homes and Enwave Energy Corp. have announced they will research and design a pilot neighbourhood of approximately 300 homes, serviced by a community-scale distributed geothermal energy system for heating, cooling, and domestic hot water. Grant funding has been provided by The Atmospheric Fund (TAF) for design activities. The TAF invests in urban climate solutions in the Greater Toronto and Hamilton Area to reduce carbon emissions and air pollution.

The City of Markham has set out to become a net-zero emissions city by 2050. To achieve this ambitious target, the Municipal Energy Plan – Getting to Zero includes strategies for increasing and improving energy efficiency through implementing green technology, energy conservation and efficiency in all sectors of Markham. Markham will welcome Canada’s largest geothermal net-zero emissions community, which will have the potential to transform the residential housing market. The community’s heating and cooling system will be maintained, operated and delivered by Enwave Energy.

“This is first major step to achieving our goal of becoming net-zero water, waste and emissions community by 2050, and this one of many innovative initiatives you will see with development partners,” says Markham Mayor Frank Scarpitti. “Markham is a municipal leader in energy conservation and management. This project will set the standard for a new way of thinking about how we generate and distribute energy in North America.”

Located in north Markham, the community will utilize deep wells up to 250 metres, allowing the community to tap into geothermal energy. Heating and cooling will be delivered at the neighborhood level through a single common ambient pipe buried underneath the community and connected to each home, similar to that of an electrical grid. The system will be maintained and operated by Enwave’s team of expert engineers, who will ensure the system is efficient and reliable.

This community scale model boasts several benefits to the consumer, including greater energy efficiency through optimization, increased energy savings to consumers, reduced maintenance burden and costs and reduced greenhouse gas emissions. All of these benefits will increase comfort and convenience for residents.

Upon completion of the pilot, the model may be applied to future phases of the Mattamy development. The best practices and lessons learned from this unique partnership will help advance geothermal community energy systems across the GTA and beyond.

Construction of this new community is expected to begin in 2020.

“Mattamy Homes is privileged to be a partner with the City of Markham and Enwave in this innovative project,” says Brad Carr, CEO, Mattamy Homes Canada. “This forward- thinking business model, where the burden of optimizing advanced heating and cooling equipment is transferred from the homeowner to a private entity, will contribute to job creation and drive innovation adoption in the housing industry. Mattamy has a long history of leadership in homebuilding innovation, and we see this partnership as clearly aligned with our sustainability and innovation strategy.”

Mattamy Homes is the largest privately owned homebuilder in North America, with a 40-year history of operations across the United States and Canada. Every year, Mattamy helps 7,000 families realize their dream of homeownership. mattamyhomes.com

http://www2.markham.ca/markham/ccbs/indexfile/Agendas/2018/Development%20Services/pl180611/Mattamy%20Presentation%20Geothermal.pdf

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Middle_Jan_RealEstate_fi

Make medium density housing a priority, report says

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Make medium density housing a priority, report says

More medium density housing must be made a priority, as the Greater Toronto and Hamilton Area (GTHA) is at risk of missing provincial population targets, according to a recent report. This would potentially result in 7,200 fewer new homes being built each year until 2041, which creates context for the recent introduction of the Local Planning Appeal Tribunal (LPAT).

The report – The GTHA’s Unbalanced Housing Stock: Benchmarking Ontario’s New LPAT System – states that up to 165,600 homes are at risk of not being built over the next 23 years. That’s equal to an annual loss of $1.95 billion in GDP from residential construction activity if various constraints continue to inhibit the goals set by the provincial growth plan, Places to Grow.

Paul Smetanin, president of socio-economic research and data firm the Canadian Centre for Economic Analysis (CANCEA), says an important factor that will prevent the region from hitting provincial homebuilding targets is the lack of medium-density housing starts, or the Missing Middle.

“Hamilton has made the most progress on the Missing Middle,” Smetanin says. “Toronto, Mississauga, Markham, Newmarket less so, while Brampton is biased towards lower density starts.”

There are a range of issues among the region’s most populous municipalities, including:

  • Only 15 per cent of GTHA households live in medium-density housing, which leads to an inadequate supply of appropriate housing types for a range of household sizes and budgets.
  • Toronto’s number of annual starts is five to 15 per cent higher than required to hit Places to Grow targets. However, the mix of housing is constrained by land, meaning the city’s supply will be highly skewed towards taller towers.
  • York Region is the only area in the GTHA with current annual starts on pace to meet its future target population.
  • Among municipalities with populations of more than 80,000 people, Oshawa, Brampton and Newmarket have the lowest share of higher-density starts.
  • Municipalities can better optimize infrastructure investments by ensuring that community growth planning is based on a long-term and strategic analysis of our future housing requirements.

“We commissioned the report because we wanted to find out what the possible impacts of LPAT will be on delivering housing,” says Andy Manahan, executive director of the Residential and Civil Construction Alliance of Ontario. “We will work with provincial and municipal government officials to help ensure that the transition to the new LPAT system is as seamless as possible and does not create negative consequences for the housing supply in the province.”

RCCAO is a labour-management construction alliance which has advocated for infrastructure investment for 13 years, commissioning 48 independent, solutions-based reports and 10 videos to help inform decision-makers. To read the report, go to rccao.com/research/files/RCCAO_LPAT_REPORT_2018.pdf

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The housing outlook for 2019

GTA among the most promising new home outlooks for 2019, Altus Group says

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GTA among the most promising new home outlooks for 2019, Altus Group says

The new home sector in Canada had a challenging year in 2018, but markets in the Greater Golden Horseshoe, including the GTA, have among the most promising outlooks for 2019, according to Altus Group.

Increased regulations, higher interest rates, new taxes and higher Development Charges are testing the industry,  Altus Group says in its New Home Outlook for 2019.

Altus Group is a leading provider of software, data solutions and independent advisory services to the global commercial real estate industry, and tracks new home development and sales activity across the country.

At the start of 2018, the supply of available new homes in both the Vancouver and Toronto markets was constrained, particularly in the condominium apartment sector. The lack of available product contributed to the rapid rise in pricing in 2017 and impacted sales volumes at the start of 2018.

In Alberta, the new home sector, along with the rest of the housing market, continued to be impacted by low energy prices and weaker economic activity. The opposite was the case in Montreal, where a sharp increase in demand for new homes led to peak sales levels.

The outlook at the end of 2017 was that the market would continue to see reasonably strong demand in 2018, but sales would be impacted by the new mortgage regulations and other new policies, taxes, and regulations – the degree to which was unknown.

Looking at 2018’s market performance year-to-date, Altus can see that demand was impacted in the major markets, most significantly in the single-family and higher-end townhouse segments. New condominium apartment sales have also moderated in Vancouver and Toronto where the incredibly strong demand seen in 2017 has softened in the current year. Some of the moderation is normalization from the frenzied market pace noted in recent years.

KEY FINDINGS

Greater Toronto Area

The GTA market came off a record new condominium apartment sales year in 2017. However, the impacts of mortgage rule changes and new development charges contributed to a decline in project launches and lower sales to start the year. Sales and project launch activity have increased in the back half of the year, but year-to-date sales remain down by almost 50 per cent compared to 2017.

While sales have been lower, pricing for new condominium apartment product in the downtown area has remained fairly stable with overall average prices trending towards $800,000.

New single-family sales continued to decline in 2018. Although availability of product to purchase has increased, it remains beyond the reach of most buyers.

Hamilton and Kitchener-Waterloo

Markets outside of the GTA have continued to benefit from their relative affordability compared to Toronto, particularly in Kitchener-Waterloo, where the new supply of condominium apartment product experienced strong demand in 2018. Both markets benefit from markedly better pricing compared to the GTA, where lower average prices for both new condominium apartment and single-family housing makes it a much more buyer-friendly market.

Promised improvements to transit, which will take several years to implement, will enhance commuting options throughout the Greater Golden Horseshoe, thus providing greater opportunities to live in markets outside of the GTA.

Montreal

Montreal saw a strong increase in new home sales over the past three years and continues to experience robust demand for new condominium apartment homes. Given the growth in sales, many of the challenges seen in the other large markets have started to impact Montreal – rising costs, elevated inventories of under construction product and increased investment activity. Despite the challenges, year-to-date sales activity remains strong and is trending slightly higher than last year.

Edmonton

The Edmonton market has been facing challenges from elevated inventory levels, a large stock of completed and unsold new homes and the impact that weak energy prices is having on housing demand. Consumers’ mortgage qualification has become a more significant challenge for new home projects, resulting in a year-over-year decline in sales levels by almost 50 per cent for both townhouse and condominium apartment product. The slow pace of sales has also meant that several projects have shifted to purpose-built rental.

While the market has been slow, there are some bright spots with development in the Ice District experiencing reasonably strong demand, along with well-priced townhouse developments in the suburban markets.

Calgary

The Calgary market is performing stronger in 2018, with increased sales of both new condominium apartment and townhouse product on a year-over-year basis. This growth has been exclusively in the suburban markets where new condominium apartment and townhouse sales have exceeded 2017 numbers.

While sales in the suburbs are tracking higher, the inner city and downtown markets are seeing weaker demand and lower sales volumes with higher office vacancy and lower downtown employment impacting housing demand near the core. Conversely, the strongest new home sales in the suburbs have been occurring in regions near employment centres.

Vancouver

Leading into 2018, the Vancouver market was the tightest of the markets examined, in terms of available new homes with only 1.8 months of inventory. This year, new project launches, particularly along transit lines and in the Fraser Valley, have added much needed inventory and boosted the supply to 3.3 months of inventory – although this remains the lowest in the country.

The frenzied pace in the market has softened with the sales rate at launch moderating, while price growth has stopped and even pulled back in certain segments of the market. A key challenge that has become more apparent as of late has been the price sensitivity of consumers, with higher-priced projects, or those priced above the competition, experiencing below average sales rates.

2019 Outlook

The outlook for housing demand in 2019 remains positive across the country with elevated immigration levels, continued demand from first-time homebuyers and tight rental vacancies and elevated rents encouraging homeownership. The key pressures that Altus Group sees continuing to impact the new home market in 2019 are higher interest rates and housing affordability constraints, rising construction costs and development charges impacting developers, and weaker economic growth potential in certain regions constraining demand.

Across the major markets in Canada, Altus Group believes the markets in the Greater Golden Horseshoe, including the GTA, have the most upside potential for an increase in sales activity in 2019 given the depth of the decline in 2018 and building off of the sales recovery noted in the back half of 2018.

Calgary and Edmonton will continue to be impacted by the weaker economy, but are not forecast to experience a material decline in overall sales volumes given the current levels of activity in each market.

The two markets that may see a decline in sales activity in 2019 are Montreal and Vancouver – but for very different reasons. Montreal had a strong sales year in 2018 and 2019 volumes are expected to decline as the market returns to more normal conditions. The Vancouver market, which is currently exhibiting the most potential for downside risk, is expected to see a modest decline in sales volumes as consumers react to higher borrowing costs and developers react to escalating construction costs in the face of lower revenue opportunities. With that said, the sales volumes in 2019 are still anticipated to be at or close to the 10-year sales average for the market.

altusgroup.com


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Robert Redford's Napa Valley retreat for sale

Robert Redford’s Napa Valley retreat for sale

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Robert Redford’s Napa Valley retreat for sale

Superstar actor, director and supporter of the arts, Robert Redford — certainly not one of Hollywood’s Ordinary People — recently celebrated his 82nd birthday and announced his retirement from acting.

In his final film, The Old Man & His Gun — co-starring Sissy Spacek and Casey Affleck — Redford plays a real-life career criminal and escape artist. It was released in September to rave reviews.

For decades, Redford’s permanent residence has been in Utah, home of his Sundance Institute. He and his artist wife, Sibylle Szaggars-Redford, also own a Napa Valley retreat where they enjoy hobbies and hosting family and friends. The Redfords have enjoyed the home for 14 years and have now decided to move back to the Bay Area and put their beloved Napa home on the market. It is priced at $7.5 million.

Redford is one of the few actors who started his career near the top in television, then breaking through to the top as a movie star as the wise-cracking cowboy in Butch Cassidy and the Sundance Kid. With every film he made, the awards grew larger and more important continuing to mushroom with the addition of directing and producing. Redford’s long list of money-making and critically acclaimed films rank with the best in Hollywood history: Butch Cassidy and the Sundance Kid, The Sting, The Electric Horseman, Ordinary People, Out of Africa, The Way We Were and A River Runs Through It.

Redford’s other passions, including working for ecological interests, was to help advance new artists in the film industry and creative arts. After filming Butch Cassidy and the Sundance Kid and Downhill Racer, he put all his proceeds from the two films into buying an entire ski area near Provost, Utah where he started the Sundance Institute. Using the name from the film, he formed related non-profit businesses under its umbrella such as the Sundance Film Festival, the Sundance cable channel, the Sundance catalogue and others as outlets for new filmmakers and artists.

In addition to receiving the highest film industry awards, top international awards and multiple honorary degrees, he has been recognized with the Kennedy Center Honors and the the Presidential Medal of Freedom.

The charming Napa getaway, named Danza del Sol, lies perched on a knoll on 10 ultra-private acres surrounded by woods and vegetation with walking paths. The compound includes the main house, a 90-sq.-ft. artist studio/guest house and two large garages. The 5,200-sq.-ft. main house is modest by film mogul standards with three bedrooms, four bathrooms, a large great room, den, library-office, sunny white kitchen and formal dining room. Multiple wood-burning fireplaces exist throughout the home.

The quaint studio/guest house has a huge open space filled with light from a wall of French doors and a double garage door that rises high into the vaulted ceiling. One of the two garages houses a large workshop and exercise studio. Terraces by the pool, spa and outdoor dining areas offer calming views and are perfect for entertaining.

The Napa Valley estate of Robert Redford is now for sale. Priced at $7.5 million, the listing agent is Steven Mavromihalis of Pacific Union International, San Francisco.

toptenrealestatedeals.com/homes/weekly-ten-best-homedeals/ 2018/11-19-2018/1/


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Make sleep a priority this year

Make sleep a priority this year

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Make sleep a priority this year

Three simple solutions to achieve your sleep resolution for overall good health and beauty from sleep authority Dr. Harvey Karp.

While most people’s New Year’s resolutions tend to be about exercise and weight loss, Happiest Baby has found that many people yearn to become better sleepers. And they can learn from their babies.

Dr. Harvey Karp, sleep authority, best-selling author of Happiest Baby on the Block and the creator of Snoo, a baby bed that can boost sleep by one hour or more, offers these suggestions to achieve your ZZZZZ resolutions – and keep them all year ’round!

White noise

It’s not just for babies and it’s got to be the right kind kind of white noise. There are two types of white noise: low and high pitches. High-pitched noises — like beepers, alarms, and sirens — are great for getting a baby’s attention, but lower-pitched noises — like the rumble of a car, train, or plane — are more soothing and can lull you to sleep, says Karp.

Low pitched noises — like the sound of rain on the roof — that you play all night encourages sleep.

Prep yourself for sleep

Cool down your room and get yourself calmed and ready for sleep. Lower the lights, turn off the TV and your phone, sip some tea, or read a few pages in a book or a magazine — whatever relaxes you.

Swaddle

It’s not just for babies. Grown-ups will feel cozy and safe when surrounded by their best blanket or coverlet. It helps you feel secure and safe.

Beauty benefits

Getting your beauty sleep is real. Remember, your body recovers and repairs itself when you sleep, leading to a long list of benefits for your looks (and your brain). Too little sleep is likely to affect your appearance. Your skin is making collagen while you sleep; puffiness is settling and a good sleep will result in a glowing complexion.

happiestbaby.com


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