Milton Real Estate & Hawthorne Village Homes

Hot New Listing at 828 Trudeau Drive in Hawthorne Village

STURINO TEAM — Sat, 23 Apr 2011 17:25:00 GMT

Hawthorne Village, Milton - Announcing Hot New Listing at 828 Trudeau Drive, a 5 bdrm 2 story. Now MLS® $529,900 - Hawthorne Village Home.

Property information

Hot New Listing at 1003 Fourth Line in Hawthorne Village

STURINO TEAM — Thu, 21 Apr 2011 14:51:00 GMT

Hawthorne Village, Milton - Announcing Hot New Listing at 1003 Fourth Line, a 5 bath, 4 bdrm 2 story. Now MLS® $689,800 - .

Property information

Hot Listing in Hawthorne Village -Derry/Scott Neighbourhood

STURINO TEAM — Thu, 14 Apr 2011 02:50:00 GMT

Designer Chic

Hot Listing in Hawthorne Village -Derry/Scott Neighbourhood

• 3 bath, 3 bdrm 2 story - MLS® $384,800 - Hawthorne Village

Derry/Scott, Milton - Designer Chic In Hawthorne Village On The Escarpment.

Bright Sunny Home Offers Gleaming Caffe Hardwood Floors, Gourmet Kitchen With Cappuccino Cabinets & Breakfast Bar.

Designer Colour Palette.

Open Concept Main Floor Family Room. Romantic Master With Spa Like Ensuite & Walk-in Closet. Second Floor Laundry.

On A Child Friendly Quiet Street.

Walk To P.L. Robertson French Immersion School & Playground.

*Energy Star* Rated, High Efficiency Furnace,Fully Fenced Yard.

Conveniently Located Close To Schools,Shopping,Bank,
No Frills Supermarket,Pharmacy,Hospital,Kelso,
Springridge Strawberry Farm & Chudleighs Apple Farm.

Easy Access To Hwy 401,407.

Property information

Hot New Hawthorne Village Listing at 264 Wise Crossing in Derry/Scott

STURINO TEAM — Thu, 14 Apr 2011 02:50:00 GMT

Hot New Hawthorne Village Listing at 264 Wise Crossing in Derry/Scott

Derry/Scott, Milton

Announcing a price reduction on 264 Wise Crossing, a 3 bath, 3 bdrm 2 story.

MLS® $384,800 - Hawthorne Village.

Property information

Hot New Listing- 627 Sellers Path in Derry/Scott

STURINO TEAM — Wed, 02 Mar 2011 19:37:00 GMT

Hot New Listing- 627 Sellers Path in Derry/Scott

Derry/Scott, Milton - Announcing a price reduction on 627 Sellers Path, a 3 bath, 3 bdrm single story. Now MLS® $337,800 - Milton Home for Sale.

Property information

Luxury Home 2551 #2 Sideroad in Mount Nemo

STURINO TEAM — Mon, 28 Feb 2011 23:49:00 GMT

Luxury Burlington Home

Mount Nemo, Burlington - Announcing Luxury Designer Bungalow 2551 #2 Sideroad, a 4 bath, 4 bdrm bungalow "Stunning Designer Bungalow ". $1,249,000 - Burlington Homes for Sale.

Property information

Commercial Building For Sale in Hwy 25 & Market Drive

STURINO TEAM — Mon, 28 Feb 2011 23:39:00 GMT

Milton Industrial Building for Sale

• 10,000 sq. ft. commercial "Industrial M-2 Zonning" - MLS® $1,599,000 - Milton Industrial

Hwy 25 & Market Drive, Milton - Prime Location In Milton. Great Opportunity For A Wide Variety Of M-2 Uses.

Freestanding Industrial Building With Modern Executive Offices.

Large Reception Area, Media Room, And Kitchenette.
Property Zoned M2, Ideal For Transportation, Truck Repair Or Manufacturing Companies.

Outside Storage.

Drive Up & Drive In Truck Access.

Easy & Quick Access To Highway 401.

Property information

Milton Industrial Building for Sale 340 Market Dr in Hwy 25 & Market Drive

STURINO TEAM — Mon, 28 Feb 2011 23:39:00 GMT

Hwy 25 & Market Drive, Milton

Announcing 340 Market Dr, a 10,000 sq. ft. commercial "Industrial M-2 Zonning". Now MLS® $1,599,000 - Milton Industrial.

Property information

Hawthorne Village on the Escarpment in Derry/Scott

STURINO TEAM — Mon, 28 Feb 2011 23:26:00 GMT

Derry/Scott, Milton - Announcing Hawthorne Village on the Escarpment, a 2 bath, 2 bdrm 2 story. Now $299,900 - Hawthorne Village Homes.

Property information

Hawthorne Village Home for Sale Derry/Trudeau

STURINO TEAM — Mon, 28 Feb 2011 23:15:00 GMT

Derry/Trudeau, Milton - Announcing Hawthorne Village Home , a 3 bath, 3 bdrm . Now $325,000 - Milton Homes for Sale.

Property information

Designer Hawthorne Village Home

STURINO TEAM — Mon, 28 Feb 2011 22:56:00 GMT

Hawthorne Village, Milton - DesignerHawthorne Village, a 2,000 sq. ft., 3 bath, 3 bdrm . Now $399,900 - Milton Home for Sale.

Property information

Luxury Custom Home at 30 Stewart Dr in Berkley Estates Homes by Pidel

STURINO TEAM — Sun, 11 Apr 2010 13:34:00 GMT

Berkley Estates, Erin Ontario Homes by Pidel - Announcing Fabulous New Listing at 30 Stewart Dr, a 3,800 sq. ft., 4 bath, 4 bdrm 2 story. Now MLS® $1,189,800 - Stunning Luxury Designer.

Property information

Modern Designer Decor Hawthorne Village on the Escarpment - Derry/Scott

STURINO TEAM — Sun, 11 Apr 2010 11:10:00 GMT

Great Neighbourhood!

• 2 bath, 3 bdrm 2 story - MLS® $319,800 - Trendy Freehold Townhome

Trendy Freehold Townhome In Fabulous Hawthorne Village On The Escarpment.

Spacious Bright Open Concept With Upgrades Galore!

Enjoy Your Morning Cafe Latte At The Breakfast Bar.

Fabulous Gourmet Kitchen With Top Of The Line Stainless Steel Appliances.

Watch Your Favourite Movie In Front Of The Cozy Gas Fireplace.

Romantic Master Bedroom Great For Relaxing After A Busy Day.

Contact Us Today To View

Property information

Fabulous New Hot Listing 829 Scott Blvd in Derry/Scott

STURINO TEAM — Sun, 11 Apr 2010 11:10:00 GMT

Derry/Scott, Milton - Announcing Fabulous New Trendy Design Freehold Townhome in Milton's Award winning Hawthorne Village on the Escarpment

Located at 829 Scott Blvd, a 2 bath, 3 bdrm 2 story. Now MLS® $319,800

Property information

Awesome Designer Freehold Townhome in Hawthorne Village on the Escarpment at 209 Prosser Circle

STURINO TEAM — Sat, 03 Apr 2010 16:54:00 GMT

Derry/Scott, Milton - Announcing Awesome Designer Freehold Townhome in Hawthorne Village on the Escarpment at 209 Prosser Circle, a 3 bdrm 2 story "FREEHOLD TOWNHOME". Now MLS® $309,800 - STUNNING DESIGNER CHIC.

Property information

227 Prosser Circ in Derry/Scott

STURINO TEAM — Sat, 20 Mar 2010 19:48:00 GMT

Derry/Scott, Milton - 227 Prosser Circ, a 2 bath, 3 bdrm 2 story. Now MLS® $309,800 - Designer Freehold.

Property information

613 Sellers Path in Derry/Scott

STURINO TEAM — Tue, 23 Feb 2010 02:18:00 GMT

Derry/Scott, Milton - 613 Sellers Path, a 1,541 sq. ft., 3 bath, 3 bdrm 2 story. Now MLS® $329,800 - Designer Freehold Endunit.

Property information

Canadian Real Estate Market Update

STURINO TEAM — Mon, 07 Dec 2009 19:53:00 GMT

Dec. 7 (Source: Bloomberg) -- Bank of Canada Governor Mark Carney’s pledge to freeze record-low borrowing costs through June may be raising the chances of a bubble in home prices even as it helps the economy recover from its first recession in 17 years.

Sales of existing houses rose 74 percent in October from the January low, with prices up 21 percent from a year ago to a record C$341,079 ($323,203), partly because of Carney’s promise -- the only date-specific commitment from a Group of 20 central banker. To prevent the economy from overheating, Carney will raise his benchmark rate by 125 basis points to 1.5 percent in 2010, while Federal Reserve Chairman Ben S. Bernanke will keep his key rate at 0.25 percent, said Stephen Gallagher, chief U.S. economist in New York at Paris-based Societe Generale SA.

“The worry has got to be that you might be getting a housing bubble out of this,” said David Laidler, a former visiting economist and special adviser at the Bank of Canada and now a fellow at the C.D. Howe Institute, a Toronto research group. Laidler is a member of the institute’s Monetary Policy Council, which studies central-bank decisions and said in a Dec. 3 statement that a “possible unintended effect” of Carney’s commitment is “the buoyancy of mortgage lending, particularly variable-rate mortgages, and the housing market.”

For now, analysts at Toronto investment banks Scotia Capital and RBC Capital Markets are recommending investors buy shares of companies such as Home Capital Group Inc., even after the Toronto-based mortgage lender gained 166 percent since its 2009 low on Feb. 11 to C$41.75 as of 9:46 a.m. New York time.

‘Potential Bubbles’

“The challenge right now is getting the economy going and dealing with any potential bubbles down the road,” said Ian Nakamoto, director of research at MacDougall MacDougall & MacTier Inc. in Toronto, which manages about C$4 billion.

Carney’s situation reflects the conundrum faced by policy makers who must weigh the trade-off between stimulating their economies now with ultra-low rates and dealing later with the fallout from unintended consequences.

“It is time to break the daisy chain of asset and credit bubbles and the global imbalances they spawn,” Morgan Stanley Asia Chairman Stephen Roach told a conference in Vancouver Dec. 1. “If we fail, there may not be another chance.”

Carney, 44, has made it clear that stimulus is his priority. Only if the outlook for inflation shifts would the bank break its promise, he has said.

‘Clear Guidance’

“Rates are exceptionally low, they are exceptionally low for a purpose and we have given pretty clear guidance on how long we expect they will have to remain at these levels in order to achieve the inflation target,” Carney told reporters Oct. 22. The bank projects the consumer price index, which rose at a 0.1 percent annual pace in October, will reach the target of 2 percent by the second half of 2011.

The central bank hasn’t talked much about house prices, “to the bafflement of international investors,” said Eric Lascelles, chief economist and rates strategist with TD Securities Inc. in Toronto. The bank’s next opportunity comes tomorrow in an interest-rate announcement scheduled for 9 a.m. New York time.

“It makes perfect sense that there is a good appetite for the housing market,” Lascelles said. What isn’t clear is “whether this is a bubble in the making or simply a recovery from earlier softness.”

The New York-based Trump Organization, founded by real- estate developer Donald J. Trump, is building a 60-story Trump International Hotel & Tower in downtown Toronto. The residential condominiums sell for at least C$2 million.

‘Once In a Lifetime’

Canada will be “one of the first markets” that “we’ll look at in the upswing,” said Donald Trump Jr., 31, executive vice president of development and acquisitions.

Canadians are jumping at “what they perceive as a once-in- a-lifetime opportunity,” said Peter Gilgan, 58, founder and chief executive officer of Oakville, Ontario-based Mattamy Homes Ltd., Canada’s biggest homebuilder.

The average five-year mortgage rate was 5.59 percent last week. In May it was 5.25 percent, the lowest since 1951 according to Bank of Canada figures.

Sales of existing homes will rise to 492,300 in 2010, up 7 percent from 460,200 this year, according to the Canadian Real Estate Association, an Ottawa trade group -- the second-highest total on record after 520,747 in 2007.

Building permits jumped 18 percent in October, led by work on single-family homes and non-residential projects, Statistics Canada said today in Ottawa. The total value of permits issued by municipalities rose to C$6.12 billion, the most since September 2008.

Strongest Financial System

The booming housing market partly reflects the strength of Canada’s financial system, which was named the soundest in the world for two consecutive years by the Geneva-based World Economic Forum.

No banks collapsed or sought a bailout during the biggest global credit crunch since the Great Depression. In the U.S., the Treasury Department’s Troubled Asset Relief Program provided a total of about $205 billion in capital injections to banks, according to the department’s most recent report on Nov. 25.

Lending practices at Canadian banks have been more conservative than those of U.S. financial institutions, said Ivan Wahl, chairman and chief executive officer of mortgage provider Xceed Mortgage Corp. Subprime loans accounted for 5 percent at the peak of Canada’s market in the summer of 2007. Even in that segment, default rates are about 3 percent compared with 30 percent in the U.S., he said.

‘Traumatic Problems’

“We’ve never had the traumatic problems,” said Wahl, whose Toronto-based company targets customers who have trouble getting mortgages with the largest banks. “We have one of the most constructive, positive and stable real-estate markets in the world.”

Canada’s economy shrank for three quarters starting at the end of 2008, one period less than in the U.S. Canada’s unemployment rate was 8.5 percent last month compared with 10 percent in the U.S. The 1.5 percentage-point gap was just under October’s 1.6 point difference, which was the widest since at least 1976.

The state of the housing market reflects “an element of pent-up demand,” Carney told reporters Nov. 19. “Rates are exceptionally low, affordability has improved in part because of the low level of interest rates and part because of some former price adjustments, and we are seeing a housing-price response.”

Unusual Signs

His view is shared by Peter Aceto, chief executive of Toronto-based ING Direct Canada, a unit of financial-services company ING Groep NV in Amsterdam, that has 1.6 million customers including 125,000 mortgage clients and C$33 billion in assets. “I don’t believe that there’s a bubble,” he said. “Most stories I hear are just typical Canadians trying to buy their first home or move up.”

Aceto said he is seeing some unusual signs, particularly in the Toronto market, where houses are getting as many as five offers at a time and prospective buyers are trying to woo sellers with personal notes or gifts.

“When Canadians are waiving conditions and paying 10 percent more than asking for a home, it does give you some pause,” he said.

If policy makers are concerned about a possible bubble, they might look to tools other than interest rates to cool the market, said Brian Johnston, 51, president of Monarch Corp. in Toronto, the Canadian division of London-based Taylor Wimpey Plc, the U.K.’s largest homebuilder by market value.

‘More Circumspect’

“They might encourage lenders to be a little more circumspect in their mortgage qualifications; they may look at the amortization periods on mortgages,” he said. “I don’t think they can control housing through fiddling with interest rates.”

Last year, the Department of Finance said Canada Mortgage and Housing Corp. would limit amortizations to 35 years and 95 percent of the loan value. The government’s housing agency had offered mortgage insurance on loans worth as much as 100 percent of the home value and amortization periods of as many as 40 years since 2006.

The strong market will help companies such as Brookfield Real Estate Services Fund, said Rossa O’Reilly, a financial analyst at CIBC World Markets in Toronto. O’Reilly raised his rating on Brookfield, which has about 14,500 brokers and agents under brands such as Royal LePage, to sector outperform in July, and in November raised the share target price to C$12.50. It traded at C$11.48 today.

The fund is a subsidiary of Brookfield Asset Management Inc., which, along with Simon Property Group Inc., has purchased part of General Growth Properties Inc.’s bank debt and bonds and may make bids for all or part of General Growth, the Wall Street Journal reported last week, citing people familiar with the matter it didn’t identify by name.

Hardware Stores

Other industries will also benefit, notably appliance and furnishing manufacturers and retailers including Boucherville, Quebec-based Rona Inc., O’Reilly said. Shares of Canada’s largest home-improvement chain have returned 22 percent this year, lagging a 31 percent return for Canada’s benchmark stock index. Rona shares were unchanged at C$15.26 today.

New Listing 13366 Fifth Line in Nassagaweya

STURINO TEAM — Mon, 07 Dec 2009 19:18:00 GMT

Nassagaweya, Milton - Announcing a New Listing on 13366 Fifth Line, a single story. Now MLS® $1,459,900 - Awesome 113 Acres.

Property information

New LIsting 4195 Ennisclare Drive in Nassagaweya

STURINO TEAM — Sun, 08 Nov 2009 19:19:00 GMT

Nassagaweya, Milton - Announcing a New Listing on 4195 Ennisclare Drive, a 5 bdrm single story. Now $1,599,900 - Luxury Country Estate.

Property information

New Listing 1544 Highway 6 in Carlisle

STURINO TEAM — Sun, 08 Nov 2009 14:11:00 GMT

Carlisle, Hamilton - Announcing a New Listing on 1544 Highway 6, a 2 bath, 3 bdrm single story. Now $899,900 - Great Home& Workshop 10Ac.

Property information

4330 Random Acres Crt in Nassagaweya

STURINO TEAM — Sun, 08 Nov 2009 13:56:00 GMT

Nassagaweya, Milton - Announcing a New Listing on 4330 Random Acres Crt, MLS® $389,900 - Build Your Dream Home!.

Property information