Moderate March Real Estate sales in Vaughan
Low inventory levels kept sales brisk but well off record levels, TREB President Maureen O’Neill announced today. “With 6,631 transactions recorded during March, the overall Greater Toronto Area resale market was down 22 per cent from the 8,518 sales of March 2007.
Sales were not evenly distributed across the Greater Toronto Area. In the City of Toronto (416 area code), they decreased 27 per cent to 2,527 from last March. However, the 905 suburbs saw only an 18 per cent decline, to 4,104 sales.
In Vaughan, the resale real estate market (District N08), was down 14 per cent to 196 transactions in March 2008, compared to 169 in March 2007.
Of note, average real estate prices in Vaughan rose marginally at just under 1% when comparing March 2008 to March 2007 for Detached home sales. For Semi-detached resale homes, the increase was much more pronounced at 8%.
Since overall inventory, at 20,533 listings, fell six per cent between these two time periods, a portion of this result can be attributed to a lack of suitable product. And this lack of product was at least partially caused by the severe winter weather that kept both buyers and sellers on the fence during the first half of the month.”
Overall, average prices rose four per cent in the GTA to $380,338 over March of 2007. Within the City of Toronto proper, however, the average, at $404,361, increased only two per cent over the $394,199 recorded during the same period last year. Furthermore, City of Toronto districts bordering the 905 averaged $347,882, up less than one per cent from the same period last year.
Source: Toronto Real Estate Board
New Census data results for City of Vaughan
Employment is growing faster in the municipalities surrounding Toronto, Vancouver, and Montreal than in the cities themselves, Statistics Canada reported on Wednesday.
In its latest release of 2006 census data, Commuting Patterns and Places of Work of Canadians, Statistics Canada said the trend observed in Canada’s three biggest cities is one that has been emerging over the last 25 years and is consistent within most of Canada’s 33 census metropolitan areas (CMAs).
(A CMA consists of many municipalities and the central one lends its name to the CMA. The others are peripheral municipalities)
Sharp increase in the number of workers in the municipality of Vaughan
In 2006, the municipalities of Toronto, Mississauga, Brampton, Vaughan and Markham were among the 25 largest municipalities in Canada from the point of view of the number of people working there. Of these 25 municipalities, Vaughan ranked first in terms of the increase in the number of workers (+22.2%), Brampton ranked fifth (+14.1%), Markham ranked seventh (+10.9%), Mississauga ranked tenth (+10.1%) and Toronto ranked twenty-fourth (+0.7%).
The fastest growing peripheral municipalities around Toronto in terms of the number of people reporting them as their usual place of work were Mississauga (+35,100 or +10.1%), Vaughan (+25,000 or +22.2%), Brampton (+17,300 or +14.1%) and Markham (+12,700 or +10.9%).
Commuters to Vaughan made little use of sustainable transportation
In 2006, the number of people commuting to work in the municipalities of Toronto, Mississauga, Vaughan and Markham was higher than the number of workers living in these municipalities (+232,300 in Toronto, +68,700 in Mississauga, +25,800 in Vaughan and +6,900 in Markham). In contrast, the number of people working in the municipality of Brampton was lower than the number of workers living there (net loss of 58,900 workers).
In 2006, 43.0% of workers whose usual place of work was in the City of Toronto used a sustainable mode of transportation to get there, i.e., public transit, walking or cycling (compared to 41.1% in 2001). The corresponding proportions were 10.8% for those commuting to Vaughan (9.4% in 2001), 10.7% for those commuting to Markham (9.5% in 2001), 11.9% for those commuting to Mississauga (11.0% in 2001) and 10.4% for those commuting to Brampton (10.2% in 2001).
Put that in your Pipe and smoke it!
As a result of the recently passed Bill 128 in Ontario, a former marijuana grow house at 1218 Centre St. in Vaughan has been reduced to dust and rubble as of Tuesday, a first for York Region.
The decision to demolish was the result of the estimated $200,000 required to fix the home. Bill 128 requires the municipality to inspect the property after it is notified by police that it was used to grow marijuana, Community Safety and Correctional Services spokesperson Tony Brown said. If they determine the building is unsafe, municipal officials can order the owner to do remedial work to make it safe.In Vaughan, that means the owner must work with the city to ensure building codes, fire codes and property standards are met.“It’s no longer acceptable for you to get a gallon of bleach, some latex paint and move on,” Vaughan Fire Chief Greg Senay said. To put this in context, there are no provincewide standards for fixing up former marijuana grow ops right now. Because it is up to individual municipalities to determine and impose standards, the conditions of these places can differ depending on what community you live in.
McGuinty Government Passes Bill to Strengthen Consumer Protection
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