Arnie Sendrovich

11/17/2024

Just Sold: 208-107 Wintergreen Pl
Short-Term Accommodation (STA) Eligible Condo in Wintergreen Complex

Rental History: Consistently rented with a gross annual income of $70,000+ for the past 8 years with an STA license

Compliance: All electrical and fire safety requirements met from previous licensing

Recent Updates: new flooring, trim, door hardware, lighting, furniture, and decor

Fees: No BMVA fees for this unit

Usage: Turnkey business or a wonderful property for personal use when not rented

Location: Ideal spot in the complex with clear mountain views and Monterra Golf Course's first fairway. Just a 2-minute walk to village amenities, golf pro shop, and ski lifts

Utilities: Natural gas-forced air furnace, central air conditioning, and on-demand hot water heater

Condo Fees: Include internet, premium cable package, common area maintenance, landscaping, snow removal, and exterior building elements

Management: Well-managed condo with recent improvements like roofs, balconies, stone walkways, and parking lot repaving

Parking: 2 parking passes provided (open, not assigned)

Sleeping Arrangements:

Bedroom 1: King-sized bed

Bedroom 2: Queen-sized bed

Bedroom 3: 1 full and 2 twin beds

Living Room: Pull-out sleeper sofa with a queen-sized mattress

This property offers a fantastic opportunity for both investment and personal enjoyment.

11/16/2024

Just Listed: 50 Disera Dr.

Spectacular south view 1-bedroom apartment

All-white kitchen cabinets, stainless steel appliances, and granite counters

Laminate flooring throughout

Unobstructed city view, including the CN Tower on clear days

Move-in ready unit in the best building

Directly across from Walmart, shopping centers, supermarkets, Promenade Mall, and the YRT terminal station

Amenities:

Pool

Sun deck

Gym

Sauna

Change rooms

Underground parking

This listing offers an exceptional living experience in a prime location.

11/16/2024

Just Listed: 33 University Ave, Empire Plaza

*World Class Condo Residence with luxurious amenities

*Located in the heart of the Financial District

*Over 1550 sq. ft. of open-concept living space

*Floor-to-ceiling windows flood the space with sunlight

*Panoramic views from every room

*Laminate floors throughout

*Open-concept kitchen with center island, granite countertop, and stainless steel appliances

*Freshly painted

*Perfect Walk Score of 100

*Steps to PATH, Four Seasons Performing Arts, highway access, Shangri-La, Entertainment District, Scotiabank Arena, Rogers Centre

*Includes 1 parking space and 1 locker

*This property offers the ultimate in-city living. Check it out now!

06/05/2024

GTA REALTORS® Release May 2024 Stats
May home sales continued at low levels, especially in comparison to last spring’s short-lived pick-up in market activity. Home buyers are still waiting for relief on the mortgage rate front. Existing homeowners are anticipating an uptick in demand, as evidenced by a year-over-year increase in new listings. With more choice compared to a year ago, buyers benefitted from more negotiating room on prices.

"Recent polling from Ipsos indicates that home buyers are waiting for clear signs of declining mortgage rates. As borrowing costs decrease over the next 18 months, more buyers are expected to enter the market, including many first-time buyers. This will open up much needed space in a relatively tight rental market," stated Toronto Regional Real Estate Board (TRREB) President Jennifer Pearce.

Greater Toronto Area REALTORS® reported 7,013 home sales through TRREB’s MLS® System in May 2024 – a 21.7 per cent decline compared to 8,960 sales reported in May 2023. New listings entered into the MLS® System amounted to 18,612 – up by 21.1 per cent year-over-year.

The MLS® Home Price Index Composite benchmark was down by 3.5 per cent on a year-over-year basis in May 2024. The average selling price of $1,165,691 was down by 2.5 per cent over the May 2023 result of $1,195,409. On a seasonally adjusted monthly basis, the average selling price edged up slightly compared to April 2024.

“While interest rates remained high in May, home buyers did continue to benefit from slightly lower selling prices compared to last year. We have seen selling prices adjust to mitigate the impact of higher mortgage rates. Affordability is expected to improve further as borrowing costs trend lower. However, as demand picks up, we will likely see renewed upward pressure on home prices as competition between buyers increases,” said TRREB Chief Market Analyst Jason Mercer.

“In order to have an affordable and livable region over the long term, we need to see a coordinated effort from all levels of government to alleviate our current housing deficit and to provide housing for new population moving forward. On top of this, governments need to ensure the delivery of infrastructure to support our growing population. The economic health and liveability of our region depends on the timely completion of public transit projects including better transparency and clear timelines on the completion of the Eglinton Crosstown LRT,” said TRREB CEO John DiMichele.

06/05/2024

Bank of Canada reduces policy rate by 25 basis points.

The Bank of Canada today reduced its target for the overnight rate to 4¾%, with the Bank Rate at 5% and the deposit rate at 4¾%. The Bank is continuing its policy of balance sheet normalization.

05/30/2024

BoC to cut interest rates on June 5, three further times this year:

By Mumal Rathore and Milounee Purohit BENGALURU (Reuters) - The Bank of Canada will trim interest rates to 4.75% on June 5, according to three-quarters of economists in a Reuters poll which showed three further cuts this year, with the last one hanging on a knife's edge. Although inflation has been....

04/28/2024

Just Listed:1606-35 Hayden St 2+1 Bed 2 Bath $1.175 1096 + 96 sqft
Located in the heart of the city with a perfect walking score of 100, the Bloor Street Neighbourhood Condo offers a stunning east-facing view.
This sunlit condo features an open-concept layout with two bedrooms plus a den, all under 10' ceilings. The combined living, dining, and kitchen
areas are adorned with hardwood flooring and custom crown moulding. The kitchen is fully equipped with stainless steel appliances and a
marble counter, leading to an east-facing balcony. The primary suite boasts a four-piece ensuite, a spacious walk-in closet, and direct access to
the balcony. The den provides endless possibilities - it can serve as a home office or be easily converted into a third bedroom. With only four
suites on the floor, privacy is ensured. The building offers a range of amenities including visitor parking, an indoor pool, guest suites, a board
room, a large party room with a kitchen, a billiard room, a gym, and 24-hour concierge service. Experience city living at its finest at the Bloor
Street Neighbourhood Condo.
https://arniesendrovich.com/property/35-hayden-st-1606-3/

04/15/2024

https://www.infrastructure.gc.ca/housing-logement/housing-plan-report-rapport-plan-logement-eng.html

Housing 2030: A Six-Pillar Plan to Restore Affordability and Build a Better Housing System for Canada

03/04/2024

2024 Market Outlook Highlights
• There will be a total of 77,000 sales in 2024.
• The average selling price will reach $1,170,000 for all home types combined. This
would be the second-highest mark on record but still below the early 2022 peak.
• Ipsos reports that overall buying intentions remained the same when compared to last
year, with 28 percent of respondents indicating that they would consider purchasing a
home in 2024. However, the share of respondents who said they were very likely to
purchase edged lower, highlighting the fact that there remains some uncertainty
amongst would-be home buyers at the beginning of 2024.
• The number of homeowners likely (very likely or somewhat likely) to list their home for
sale in 2024 declined two percentage points compared to 2023 to 37 per cent. This
shows that the persistent lack of listing inventory continues to be an issue, just as
demand is starting to pick up.
The Market Outlook and Year in Review report also takes an in-depth look at the impact of the
housing crisis on the mental and physical health of residents, and the need for more housing
supply in response to record population growth driven by immigration.
“It’s clear that our regions will only see sustained relief on the affordability front once we remove
the roadblocks standing in the way of progress and get shovels in the ground faster. In the wake
of a growing population, policymakers cannot lose sight of planning ahead, and avoid applying
band-aid solutions that often result in larger issues than the problems they are attempting to
solve,” said TRREB President Jennifer Pearce.

12/06/2023

“As a result, some people move to the sidelines, you (don’t) see as many sales relative to listings.”

Home sales are falling in the Greater Toronto Area and an analyst with the city’s real estate board says prices are far from peak levels as the housing market adjusts to high interest rates.

11/24/2023

With higher interest costs bringing more sellers to market, buyers could gain even more pricing power in the months ahead.

Canadian real estate markets are softening as higher rates begin to weigh on virtually all markets. RBC warns October data reveals falling existing home sales and rising inventory. The combination has resulted in the price decline for a typical home doubling pace last month. Despite some mortgage ra...

11/23/2023

Investor Pullback
The global housing boom of the last decade made real estate a fast path to wealth in countries such as New Zealand, Australia, and, especially, Canada, where tens of thousands of people turned into amateur investors. By 2020, people with multiple homes had come to account for almost a third of the housing stock in two of Canada’s three most populous provinces, Ontario and British Columbia. But higher interest rates and bond yields mean the math has suddenly flipped. Owning a condo in Canada’s biggest city, Toronto, will now yield only 3.9% after mortgage costs and other expenses, less than the 5% earned by investing in a Government of Canada treasury bill, according to a Bank of Montreal study.

“I don’t see how you can replicate the last 20 years going forward,” said Robert Kavcic, the Bank of Montreal economist who authored the report. “You’re going to have a whole generation of investors learn a pretty hard lesson.”