Good day everyone!
Please drop by our open house this weekend at 10 Queens Quay West Suite #701 (Sat and Sunday 2-4pm).
Features of this wonderful condo.
- Huge 1+1 and 2 baths / 932 Square Feet
- Parking and 2 lockers
- Renovated Kitchen
- At the base of the financial district! (Bay/Yonge and Front)
- Link to the listing/pics and virtual tour: http://www.agfineliving.com/2013/12/04/10-queens-quay-west-suite-701-toronto/
- Can lease out for approx. $2500/month or more furnished.
In the market – GREATER TORONTO REALTORS® RELEASE MONTHLY RESALE MARKET FIGURES (Download the report)
TORONTO, December 4, 2013 – Greater Toronto Area REALTORS® reported 6,391 residential sales through the TorontoMLS system in November, representing a 13.9 per cent increase over the sales result for November 2012. Over the same period, new listings on TorontoMLS were down by 4.4 per cent and month-end active listings were down by 12.1 per cent.
“Growth in sales was strong for most home types in the Greater Toronto Area. Sales growth was led by the single-detached market segment followed by condominium apartments. Together, singles and condos accounted for almost three-quarters of total GTA transactions,” said Toronto Real Estate Board President Dianne Usher.
“With National Housing Day having just passed, housing affordability is top of mind in the GTA and indeed nationally. Despite strong price growth and an uptick in borrowing costs this year, monthly mortgage payments on the average priced home remain affordable for a household earning the average GTA income,” continued Ms. Usher.
The average selling price for November 2013 TorontoMLS transactions was $538,881 – up by 11.3 per cent in comparison to the average of $484,208 reported for November 2012. The MLS® Home Price Index (HPI) Composite Benchmark was up by 5.7 per cent over the same period.
“Whether we consider the average TorontoMLS selling price or the MLS® HPI Composite Benchmark, annual home price growth remained well-above the rate of inflation in November. This makes sense given the fact that competition between buyers increased last month. Transactions were up strongly year-over-year while the number of homes available for sale was down,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.
The average sale price in Toronto (416) / Year over Year Change
- Detached Home – $855,188 +16%
- Semi-Detached – $640,208 +9%
- Town Home – $472,722 +6.4%
- Condo Apartment – $385,968 +10%
Generation Screwed?
This week much media attention has been given to the youth that are about to attend or graduate from university. Previous generations took on names such as generation “y” and then Generation “X” or “gen X’rs”. Now (this is not a joke) the next generation has been coined as “Generation Screwed”. Below is a link to a media clip produced by the CBC that gives more information.
Basically, the youth of today are “screwed” because they have no real job hopes or career paths after graduation. Home prices are high and thus they may never own their own home and our forced to live with parents (Failure to launch). These and other factors are leaving them “screwed”.
Video Link
http://video.ca.msn.com/watch/video/generation-screwed/16ap9hcrz
My take – Rant on generation screwed.
I am very disappointed at this media coverage. I think it sells youth short. I know many very hard working studious, youth that don’t feel like they are screwed but see tonnes of opportunities.
By coining this term society has basically given an excuse to all youth to fail and not even bother to try to achieve.
The message to youth is – “You are screwed, it’s so not your fault, so why even bother?” Just stay at home in your parent’s basement and play Xbox One or PS4. Really it’s not your fault.
Many of us have come from working class backgrounds. Some arriving as immigrants to this country with NOTHING!!!!! Facing Racism, poverty, and no real social support system. – Raising families with the bare necessities but somehow got by – And yes they bought homes. They did cost much less but interest rates were in the high teens and wages were low as well. Can they be considered as Generation Screwed?
Every November 11th we honour the men and women (many were 17-21 years of age) who went to war and died. All for future generations have better opportunities and freedom. And thanks to their ultimate sacrifice we definitely do. – Fighting a war seems to me a huge obstacle to starting a career. Were they Generation Screwed?
A few hiring managers tell me that when they interview young applicants they often come across a sense of entitlement. Many youth are expecting six figure salaries right from the start and just because. No experience and nothing proven. I know of a few individuals who have turned down positions because the vacation time was not long enough.
- The fact is that there is a HUGE SUPPLY SHORTAGE OF $100,000 / year entry level positions. The time needs to be put in to reach this level. We focus now on instant gratification and want the big bucks right away.
- Opportunities and jobs are available in the trades and other industries that are not necessarily white collar positions.
o My electrician has built up his company from the ground up. I can consider him to be wealthy and he has earned it.
o I have several clients who are plumbers, chefs, electricians; auto mechanics etc. and they have built very good lives for themselves and genuinely seem happy.
o University education is great but it may not be for everyone. Nor should it be a guarantee of a successful career. The guarantee has always been a myth. The individual has a lot to do with it as well.
To achieve any type of greatness (however you define it) requires some sort of sacrifice. ALL generations have the potential to be screwed! Within each generation there will be hardships and successes unique to the times that they live in. To call a generation “screwed” is raising the white flag on them before they even really get a chance.
I believe in our youth. Ultimately we all have to.
Have a great weekend, Anthony