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We are dedicated to helping you make an INFORMED DECISION and a smooth, STRESS-FREE REAL ESTATE TRANSACTION. Our experience and expertise ensure your satisfaction. We use the latest online and traditional marketing programs to find you a qualified buyer. We are linked to the main residential and commercial sites to help you find the right property.

We at GREENSIDE are YOUR BEST REAL ESTATE RESOURCE. Our website has been put together with you in mind. While you are here we know that you will find a great deal of useful information. If there is anything you cannot find, please call or email us and we'll do our best to get you what you need.

Anna Teskey, Broker of Record

Steve Bogatek, Sales Representative/President                                                                                                                                       

GREENSIDE REAL ESTATE MARKET UPDATE

RESIDENTIAL MARKET:  March 3, 2010 -- Greater Toronto REALTORS® reported 7,291 sales through the Multiple Listing Service® (MLS®) in February, representing a 77 per cent increase over February 2009. The average price for these transactions was up 19 per cent year-over-year to $431,509. Sales and average price increases represent both increased demand for ownership housing and the base year effect, which involves a comparison of economic recovery this year to a period of economic decline last year

"Expect strong annual growth rates for existing home sales and average price through the first quarter as we continue to make comparisons to the weak market conditions at the beginning of 2009,” said Jason Mercer, TREB’s Senior Manager of Market Analysis. “The rate of sales and price growth will be lower in the second half of 2010.”

INVESTOR'S MARKET:  
Inflation Rate: 1.3%
Bank of Canada Prime Rate: 2.25%

COMMERCIAL MARKET:  March 3, 2010 -- Last month, TREB Commercial Members reported 606,076 square feet of leased space, a 28 per cent increase from the 472,663 leased square feet recorded in February of 2009.

“During the first two months of 2010, the GTA commercial real estate market has outperformed the same period in 2009,” said Commercial Council Chair Garry Lander. “Key economic indicators, including this week’s strong fourth quarter GDP result, suggest that the Canadian economy continues to improve and that economic growth is becoming better distributed across all sectors of the economy.”

“Look for positive results to continue in the commercial market, especially as we start to see more hiring in the GTA,” added Lander.

Lease rates were mixed in February. Industrial space of all size categories fell seven per cent to $4.80 per square foot net (sfn) from the February 2009 figure of $5.17 per sfn. Commercial space traded for $20.89 per sfn, up 10 per cent from the $19.02 per sfn figure recorded last year. Leased office space also rose in price, trading for $12.95 per sfn, which is up 23 per cent from the February 2009 figure of $10.57 per sfn.

LEASED CONDOMINIUM APARTMENTS:  While the condominium apartment vacancy rate is still substantially lower than the vacancy rate for purpose built indicative of increased supply in some sectors of the rental market. Factors leading to increased vacancies included the strong growth in home ownership demand in the second half of 2009 coupled with strong condominium apartment completions, which would have included investor-held units to be rented out.