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


略訳
晴れた日曜の朝ドライブがてらビルの愛車の部品調達にヴォン市へ。高速400号線を北上すると右手に見えてくる「ヴォンミルズ」ショッピングセンターは、スーパーリージョナルセンターと呼ばれヴォン市民はもちろん車を40分から50分ほど走らせて東西南北各方面からの買い物客で賑わっている。釣りや狩猟道具の専門店「バス・プロ・ショップ」のエントランスから入るたびユニバーサルスタジオを思い出すのは私だけでしょうか。久しぶりに訪れるとルルレモンが大きくなっていたり、J.Crewのファクトリーストアもオープン。最大50%オフセールをしていたにもかかわらずそれほど魅力的ではなかったプライス。きっとパーセンテージ・リース契約(注1)をしているせいで商品の値段がその分高く設定されているのでしょう。ファクトリーストアなのに・・・ね。

注1)パーセンテージ・リース契約:
商業スペースリースの中でも特にリーテールによくみられ、月々のレント料金プラス毎月の売り上げの何パーセントかを収めないといけない契約タイプ。


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
nat@natsmilis.ca



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

■3月のトロントマーケットウォッチ

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。


2TorontoMLS売上アップ

トロント不動産委員会取締役社長ダイアン・アッシャーは、トロント広域圏(GTA)の不動産業者によると2月の住宅販売は、前年同期と比較して2.1%増だったという報告をうけたと発表しました。2月の総売上物件数は、昨年の5,613件に比べて5,731件。

「2月の悪天候の継続にもかかわらず、販売活動の緩やかな上昇がみられました。売上高の増加は、主に再販コンドミニアムによるもの。再販コンドミニアムの新着物件は、バイヤーに十分な選択肢を与えて、前年同期比ベースで増加。これは、供給が制約され続けている一戸建住宅、二戸建住宅やタウンハウスの状況とは対照的。家を買いたいのになかなか実現できなくてイライラしているバイヤーたちにとって彼らのニーズに合う家探しが難しかったでしょう」とアッシャー氏。

"
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。

昨年経験した強力な価格成長は物件数の供給改善を促すでしょうが、「売り手」市場の状況は今年一年を通して継続していくでしょう。平均して住宅価格は、インフレ率を上回るペースで上向き傾向になります。強い価格成長の影響は低い資金の借り入れ費用で軽減されるでしょう」と同委員会市場分析シニアマネージャーのジェイソン・マーサーは述べています。

(トロント不動産委員会発行マーケットウォッチ2014年3月5日付訳文)

以上、何かご不明な点・ご質問などございましたらお気軽にご連絡ください。

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.

Source: www.torontorealestateboard.com


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.
Source: www.torontorealestateboard.com

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

Nat Smilis