Monday, March 31, 2014

■Vaughan Mills

J. Crew Factory

Sunny Sunday morning we got some errands to do in Vaughan and had some lunch at the Vaughan Mills before heading back to Toronto. This “Super Regional Centre” has a target market that often extends 40 or more kilometres from the centre’s location.”

Typically we enter Vaughan Mills from Bass Pro Shops’ main entrance. This store always reminds me of one of rides at Universal Studios. Jaws or maybe Jurrasic Park…

At J.Crew Factory store I wasn’t really thrilled to buy anything as soon as I saw a couple of price tags though “Up to 50% Off Sale” was going on.  They most likely have Percentage Lease* with the Landlord; therefore, they need to markup on the selling price.

*Percentage Lease
“A percentage lease, found primarily in the retail sector, provides that the tenant must pay a fixed minimum monthly rent, plus a percentage of gross monthly income in excess of base sales calculated using the minimum rent.”

Source: The Commercial Real Estate Transaction



Thursday, March 13, 2014

■Corso Italia

Looking for an office space near Corso Italia?

Currently a couple of Office Spaces in two Professional Office Buildings near Corso Italia are Available for Lease. Total Rentable Area ranges from 700 sq ft to 3,000 sq ft. Gross Lease starts from $15/sq ft!

For more details please contact me!

Nat Smilis

Corso Italia which was named after one of the main roads in Genoa, Italy, is Toronto’s second Italian neighbourhood after Little Italy on College Street. There is also a significant Latin American and Portuguese community in the area.

Every summer this community hosts Salsa on St. Clair, “a 
FREE family street party celebrating the city’s vast Latin cultures. Salsa on St. Clair is Canada’s fastest growing Latin themed street festival and has attracted millions of salsa lovers to the streets of Toronto since its launch in 2005.”

You can enjoy “Latin life featuring live music, dance lessons, fiery foods and family entertainment! 
“  Save the date for this Biggest & Best Salsa on St. Clair this year:

July 19th and 20th, 2014

One summer my team and I performed in this festival as Dance To Live Studio’s Performance Team! I remember it was hot, sunny, summer day.

This street car I used to take from St. Clair station to the studio three times a week. I kinda miss those days!

Thursday, March 6, 2014


This is Jason Mercer, TREB’s Senior Manager of Market Analysis
Have you seen him around? この人が、ジェイソン。町で見かけたら声をかけてみて。




低層タイプの住宅の新着物件数に伸びがでてくれば、売上の伸びのペースが今後加速するでしょう」とアッシャー氏は続けます。 20142月の平均販売価格は昨年2月の509,396ドルに比べて8.6%増の553,193ドル。 MLS システムの住宅価格指数( HPI )複合ベンチマークは、前年比あたり7.3%増でした。




スミリス 夏子

Wednesday, March 5, 2014

■News: Mortgage Loan Insurance Premiums

CMHC to increase mortgage loan insurance premiums, effective May 1, 2014

March 3, 2014 -- CMHC will increase its mortgage loan insurance premiums for homeowners and 1 – 4 unit rental properties effective May 1, 2014.

The increase applies to mortgage loan insurance premiums for owner occupied, self-employed and 1– 4 unit rental properties, including low-ratio refinance premiums. This increase does not apply to mortgages currently insured by CMHC.

For the average Canadian homebuyer requiring CMHC insured financing, the higher premium will result in an increase of approximately $5 to their monthly mortgage payment. This is not expected to have a material impact on the housing market.

Effective May 1st, CMHC Purchase (owner occupied 1 – 4 units) mortgage insurance premiums will increase by approximately 15%, on average, for all loan-to-value ranges.


Questions? Please let me know!

Nat Smilis

■Market Watch-March, 2014

TorontoMLS Sales Up in February

TORONTO, March 5, 2014 – Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year. Total February sales amounted to 5,731 compared to 5,613 last year.

“Despite the continuation of inclement weather in February, we did see a moderate uptick in sales activity last month. The sales increase was largely driven by resale condominium apartments. New listings of resale condominium apartments were up on a year-over-year basis, giving buyers ample choice. This is in contrast to the listings situation for singles, semis and townhomes, where supply continued to be constrained. Some would-be buyers had difficulty finding a home that met their needs,” said Ms. Usher.

“If we see renewed growth in listings for low-rise home types, the pace of sales growth will accelerate as we move through the year,” Ms. Usher continued. The average selling price for February 2014 sales was up by 8.6 per cent to $553,193, compared to the average of $509,396 reported for February 2013. The MLS® Home Price Index (HPI) Composite Benchmark was up by 7.3 per cent year-over-year.

“While the strong price growth experienced over the last year should prompt an improvement in the supply of listings, sellers’ market conditions will continue to prevail this year. Home prices, on average, will trend upwards at a pace well-above the rate of inflation. The impact of strong price growth on affordability will be mitigated by low borrowing costs,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

If you would like to receive complete report, please let me know!

Nat Smilis