New Redpath Townhouses Just Listed

Outside Redpath

98 Redpath kitchen

2nd Shot of 98 Redpath Kitchen

98 Redpath Roof Top Patio

Price:  $389000

Parking:  Underground

Locker:  Ensuite

Roof Top Patio:  200 Sq Ft

2 bedroom + 2 bathroom

Address:  98 Redpath

Come check out this gorgeous 2 storey townhouse on Redpath with a 3^rd storey roof top patio.  The main floor has a powder room with a gorgeous kitchen including granite countertops and stainless steal appliances.  Also on the main floor are the living and dining room areas.   The 2^nd floor has a 5 Pc bathroom W/ Sep Shower Stall, 2 bedrooms and laundry area.  The 3^rd floor includes a convenient ensuite locker and a fabulous 200 Sq ft private rooftop terrace for entertaining and relaxing.

The complex is located at Yonge and Eglinton just a few steps from the subway, restaurants and shops.

Offers are presented November 3^rd:  Please contact me to book a private viewing before it’s too late.

If you have an interest in Renting, Buying or Selling in the Toronto area and would like to discuss the current market, please fill out this contact form or call me directly at (416) 457-1722.

Watch Me On HGTV’s Income Property

Over the past few months I’ve been lucky enough to film 3 Episodes on HGTV’s hit show “Income property”.  This is a very small role and I appear near the very end of each episode.  Depending on the editing it could be a very short appearance of 10 seconds to 1 minute…I haven’t been told anything else.  I’ve linked the first show below and will let you know about the up coming shows as well.

The first episode to air is “Jen & In-Suk”.  I’ve linked the video below….Check me out around the last 6 minutes of the show.  Approximately 5:58 left in the show if you don’t feel like watching the entire episode.

http://www.hgtv.ca/video/?releasePID=vVSlSqYkFvF0nyZY2Y32yY9IzJJuMjIs

Watch out for my up coming Episodes:  “Anne & Karin” and “Adam & Jamie”

Enjoy!

Jarrod Armstrong
RE/MAX Hallmark
 
Office: (416)-494-7653
Cell: (416)-457-1722
Fax: (416)-494-0016 
Email:   Jarrod@JarrodArmstrong.com
Website: www.JarrodArmstrong.com

Harmonized Sales Tax = The Transition Rules

HST Transition Rules

October 21, 2009 — The provincial government has provided rules/guidance on how it will transition to the implementation of the proposed Harmonized Sales Tax.

Background

The provincial government has announced that it intends to combine the eight percent Provincial Sales Tax with the five percent federal Goods and Services Tax, creating a 13 percent Harmonized Sales Tax (HST).

• The HST is NOT YET IN EFFECT. The provincial government has indicated that it intends to bring the HST into effect beginning on July 1, 2010; however, note transition rules below.
• HST will not apply on the purchase price of re-sale homes.
• HST would apply to services such as moving cost, legal fees, home inspection fees, and REALTOR® commissions.
• HST will apply to the purchase price of newly constructed homes. However, the Province is proposing a rebate so that new homes across all price ranges would receive a 75 per cent rebate of the provincial portion of the single sales tax on the first $400,000. For new homes under $400,000, this would mean, on average, no additional tax amount compared to the current system.

Transitional Rules for New Housing

• Generally, sales of new homes under written agreements of purchase and sale entered into on or before June 18, 2009 would not be subject to the provincial portion of the single sales tax, even if both ownership and possession are transferred on or after July 1, 2010.
• The tax would also not apply to sales of new homes under written agreements of purchase and sale entered into after June 18, 2009 where ownership or possession is transferred before July 1, 2010.

Additional Transitional Rules

• Where services straddle the HST implementation date of July 1, 2010, the tax charged for the service may have to be split between the pre-July 2010 and post-June 2010 periods. However, the HST will generally not apply to a service if all or substantially all (90% or more) of the service is performed before July 2010.
• Four key timelines are important (see below). All are based on the earlier of the time the consideration is either due (In general, an amount is due on the date of the invoice or the day required to be paid pursuant to a written agreement), or is paid without having become due. If consideration is due or paid,

•  
  • Before October 15, 2009, HST will generally not apply (however, see above transition rules for new housing).
  • From October 15, 2009 to April 30, 2010, certain business that are not entitled to recover all of their GST/HST paid as input tax credit may be required to self-assess the provincial component of the HST with respect to goods or services supplied after June 30, 2010.
  • From May 1, 2010 to June 30, 2010, HST will generally apply for services supplied after June 30, 2010.
  • After June 30, 2010, HST will generally apply. An exception to this rule would be where ownership of the property is transferred before July 2010 or the invoice relates to services provided before July 2010.

• With regard to the lease or license of goods, including non-residential real property, HST will generally apply to lease intervals or payment periods on or after July 1, 2010 and the general rules noted above will apply. However, where a lease interval begins before July 2010 and ends before July 31, 2010, it is not subject to HST.
• With regard to the sale of non-residential property, HST is due where both possession and ownership of non-residential property occurs on or after July 1, 2010.

More Detail

Additional detail on the transition rules is available at the provincial government web site here or by calling the provincial government enquiry line at 1-800-337-7222.

Housing Market Charts

So here we are in the last quarter of 2009 and I thought I would share some key information explaining the housing market and the changes we’ve seen this year compared to 2008 and 2007.
 
Despite the extremely slow start to the year, 2009 will finish up being one of the best years in the history of the Toronto Real Estate Board.  Sales and prices have been rapidly recovering from our low in February and March 2009.  The latest September numbers have just come in and the highlights are impressive.  A reported 8196 sales took place, up 28 percent from September 2008.  Even with the low inventory levels the sales volume is huge.  The average price for September transactions was $406,877 – up by 10 percent compared to the same month last year.  
 
To illustrate these changes I’ve attached the latest Toronto Real Estate Charts. 

Average Price Chart

 

New Listings Chart

 

Sales Chart

17 Barberry Unit 1203 – New 1 Bedroom Condo

17 Barberry

 

View From Balcony

 

17 Barberry unit 1203 Living Room

17 Barberry Kitchen

 

THIS CONDO IS NOW SOLD…Contact me for the latest available units.  Sorry.

Price:  $259000

1 Bedroom condo on high floor.

This is a luxury condo built by Daniels “Empire at Bayview”  Incredible location just a few steps to the subway, Bayview village mall, Ymca and the 401.

The condo has been freshly painted with neutral colors throughout, brand new laminate flooring has been installed, beautiful east exposure.  Well designed layout on high floor.

The building amenities include exercise room, indoor pool, hot tub, sundeck, steam room, virtual golf, billiards room, party room, bbq patio, and media room.

Contact Jarrod Armstrong:  Remax Hallmark 416-494-7653 to book a private viewing.

Click the link to search 100’s of condos currently for sale or lease within North York – Click North York Condos and contact me for up to date details and market analysis.

If you have an interest in Renting, Buying or Selling in the Toronto area and would like to discuss the current market, please fill out this contact form or call me directly at (416) 457-1722.