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GTA, Ontario, Canada
A New Sales Record Has Been Achieved By The Jackie Goodlet Team Who Work Out Of The Whitby Office And Specializes In High End Resale And New Home Sales. According To Broker Dave Pearce The Jackie Goodlet Team Wrote More Transactions Than Anyone Else In The 30 Year History Of Our Firm. Their 255 Transactions Had A Total Volume Of More Than $185,000,000 (185 Million). With Over 25 Years Experience In The Business The Jackie Goodlet Team Has Acquired A Wealth Of Knowledge In All Areas Of Real Estate Including Resale, New Builds, Cottages, Lease, Condos, Vacant Land, Investment And Commercial Properties. With Exceptional Negotiating Skills We Are Confident We Can Save You Time And Money On All Your Real Estate Endeavours. We Look Forward To Hearing From You And Your Referrals Are Always Welcome And Rewarded!

Monday, January 11, 2016

It’s not just homes that are booming in the GTA

Toronto’s commercial property market is showing strong growth according to the latest data from local realtors. Toronto Real Estate Board members leased around 6.1 million square feet of combined industrial, commercial/retail and office space in the fourth quarter of 2015, a 19.6 per cent increase from the same period in 2014. The industrial sector made up more than three-quarters of the space with offices accounting for 12 per cent and commercial/retail for 10 per cent.

TREB president Mark McLean noted that the economies of the GTA and the Ontario province have stayed relatively strong and says that the outlook is positive: “It is quite possible that we could see an uptick in commercial leasing and sale activity in 2016, as the economy in the GTA and Ontario more broadly outperforms many other Canadian provinces.”

The strong demand for commercial property combined with demand for large space pushed rental rates higher with industrial averaging $6.09 per square foot, up from $5.22 in the fourth quarter of 2014. Office rates saw slight increases while commercial/retail rates were lower.

MBN

We hope you are finding our Blog informative and enjoyable to read while keeping you up to date with the ever changing real estate market.

Please feel free to contact me via Direct/Text or e-mail at any time and my team will be pleased to assist you, family members and friends with all your real estate needs. Referrals are always welcome!

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