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Moving from Toronto to Vaughan (Vellore Village / Woodbridge)

The city of Vaughan, tagged “The City Above Toronto”, provides many positive features, making Vaughan one of the most desirable places to live outside Toronto’s core.  In 1999 when my husband & I got married, it made perfect sense to live in a condo in King West (Downtown Toronto).  We enjoyed close commutes to work, great restaurants & fun night life.  After a few years, our family started to grow with the birth of my first son.  Weighing all the option, in 2002 we decided to move to Vellore Village, what seemed like a “convenient” area for us in Vaughan.  We have been very happy in Vaughan, enjoying many benefits, including great schools, community centres, children’s programs, parks, Vaughan Mills Shopping Centre, a culturally diverse population, great neighbours, quick access to major highways & public transportation/Go Train.  We are now excited about the upcoming subway extension & the new Vaughan Hospital which is under construction (across from Canada’s Wonderland).

For our family, being close to many friends & having quick access to surrounding cities like Toronto, Etobicoke, Mississauga, Brampton, Barrie & Richmond Hill are a huge bonus.  Over the years we have made great friends & found favourite places in each of Vaughan’s distinct neighbourhoods (Woodbridge, Vellore Village, Sonoma Heights, Kleinburg, Weston Downs, Thornhill, Patterson, Beverly Glen & Maple).

Find Vaughan attractions: http://www.city.vaughan.on.ca/tourism/tourattraction.cfm

Housing prices in Vaughan, as of Dec.2014 

(Reported by the Toronto Real Estate Board):

Townhome: average = $568,496 

Semi-detached: average = $584,555 

Detached home: average = $973,307

Vellore Village would be considered a reasonable “entry point” into Vaughan, with fair starting prices, a good mix of property types & ethnic demographics for families & couples, surrounded by many conveniences and affluent neighbourhoods, such as Kleinburg, Thornhill, and King City.

In 2008, we had outgrown our townhouse in Vellore Village, and decided to move into a larger detached home in a slightly older area of Vaughan, known as West Woodbridge.  Property values have continued to rise in Vaughan at a rate of about 7%/year, which gave us the equity to up-size!  We opted to buy an older home, which we will update over time, as we plan to stay here for a long time.

If you are considering moving to Vaughan, and wish to learn more about the area, feel free to contact me!

Tertia Ferdinandusz, Real Estate Broker, B.Com.  Search Realty Corp

Direct: 416-737-4343 / tertia@searchrealty.ca

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Fall Home Maintenance & Household tips

Fall Home Maintenance & Household tips

. I can always count on one of my best home inspectors, Jim Cleghorn from Pillar to Post, for some great advice & seasonal tips for homeowners.   This article features Fall Cleaning, Appliance Maintenance & much more…

http://www.pillartopost.com/septpostnotes2013#choices

New Development in the City Above Toronto, Woodbridge Crossing & Vaughan Metropolitan Centre EXPO

Sophisticated New Condo Development in Vaughan.  Great location & smart buy.   Expo (Vaughan Metropolitan Centre) will have immediate access to TTC/Subway, slated for 2015 completion.   1BR + Den units are selling for about $430/s.f.

Also note urban townhomes, at Woodbridge Crossing (Hwy#7 & Kipling, near old Woodbridge).  These townhomes provide a great start to home ownership in West Woodbridge (Vaughan). Starting at $469,990 (1,616 s.f.)

If you’re curious about these developments, or want help through the process of buying a new condo or townhome in Vaughan, feel free to contact me.  416-737-4343 / tferdinandusz@trebnet.com

Market Update – End of Summer Edition

Hi,  I hope you are doing well & enjoyed the Summer?  The first week back to school was hectic for many, and I know my kids were not happy about school or Fall/Winter coming our way… Thankfully, it seems we have a few more weeks of hot summer weather to enjoy 🙂

With the Fall real estate market approaching, I wanted to touch base & keep you updated on the current numbers.  The link below provides the current resale market figures in the Greater Toronto Area (including Toronto, York Region, Peel, Durham, etc.).  This report allows you to see how your specific area is doing, and the front page provides a useful snapshot….

My Summary:

Fewer # of sales this August 2012 (12.4% fewer sales year over year, however it should be noted that 2011 was the second highest year in the history of the Toronto Real Estate Board)

10.5% more active listings (increase in inventory, should allow buyers a little more time to shop around & negotiate)

Average price increase of 6.2% year over year (this average reflects quite a big range: from -4% for condos in Toronto, up to +15% for detached homes in Toronto)

We continue to see an active market, however Buyers are proceeding with caution, having to adhere to stricter mortgage lending guidelines & taking a little more time to shop around.  Some Sellers may have to be more patient, as average days on market have stretched, taking over 35 days to sell some property types in some areas, while other properties are still selling in less than 18 days (ex: Newmarket & Milton).

Market Watch, Aug-2012 (Toronto Real Estate Board)

Let me know if you have any questions about property values in your area, or would like to know the current value of your home.

The pace of home sales in Richmond Hill, Thornhill, Vaughan

(note: re-posted from previous blog site – originally posted Oct.2011)… Please stay tuned for 2012 Spring Update…

“The pace of home sales remains brisk in October”… “The average selling price through TorontoMLS in October was $478,137 – up 8% compared to October 2010.” (TREB – MarketWatch, Oct.2011).  Prices in the “905” area codes have seen greater price increases, 9% for detached homes, and 11% for Semi’s & Townhomes.  Strong price growth throughout the GTA continues to be effected by low interest rates & low inventory.

Perfect examples are Richmond Hill & Thornhill.  I have been working in these “hot neighbourhoods”, and there is no sign of a slow down here!  Why are they so hot?  Just look at the sales statistics in Richmond Hill, for example, where the average sale price for a townhome in October was $492,263, taking on average only 17 days to sell.  Making up part of these stats are a couple properties I sold (on Ruby Crescent and Kimono Crescent in “Rouge Woods” – north/east of Bayview & Major Mackenzie):

–> 98 Ruby Cres – 3 Bedroom Townhome with 3 bathrooms, unfinished full basement, under 10 years old, maintained beautifully with some updates.Approx 1570 sf. This home sold for close to the asking price of $489k in less than a week.

–> 137 Kimono Cres – 3 Bedroom Townhome with 4 bathrooms & finished basement, approx 11 years old, 1500 sf, sold over the asking price of $479k in less than a week!

Hot neighbourhoods in York Region: Richmond Hill (includes Rouge Woods, Oak Ridges, Bayview North, Bayview Hill, Richvale), Vaughan (Thornhill, Sonoma Heights, Maple, Vellore, Kleinburg).

Feel free to contact me if you want more details about any of these neighbourhoods, or would like to know the current value of your home.