Real Estate & GTA - Greater Toronto Area

Thursday, January 5, 2012

Commercial Property Price Trending

Based on Toronto MLS sales, 2011 4th quarter average selling price for industrial property types increased by 5% on a per sqft basis when compared to the same period in 2010. According to TREB Commercial Division Chair Larry Purchase, the economic outlook for Canada remains positive.

Jagdeep Singh, B. Arch.

Real Estate Broker

Direct Tel: 647-287-4644

Direct Fax: 866-450-9199

www.JagdeepSingh.ca

Formally educated as an Architect, Jagdeep Singh is Toronto REALTOR™ consulting on both resale real estate and new developments. Powerful Local Focus on Real Estate with a Global Perspective™

This post is for information purposes only. Though effort has been made to ensure the accuracy of the contents, the reader is advised to verify the information independently. This post may contain contain information that is privileged, confidential and exempt from disclosure under applicable law. The reader is not allowed to reproduce it in any medium without the author’s prior written permission. Jagdeep Singh is a broker with Century 21 Heritage Group Ltd., brokerage (416) 798-7133 which is independently owned and operated. This message is not intended to solicit parties currently under contract.

Tuesday, January 3, 2012

Flashback: Electricity costs increased in Province of Ontario

Semi-annual pricing adjustments by the Ontario Energy Board (OEB) have resulted in an increase in electricity costs for all residential and small business customers. This change came into effect on November 1, 2011.

The Regulated Price Plan (RPP) prices , reflected on the “Electricity” line of customer bills, were increased by OEB. Most residential and small business customers have a smart metre and are billed on the OEB RPP Time of Use (TOU) prices for electricity. Fun Fact: Now if you see OEB RPP TOU mentioned anywhere, would you know what it means?

The changes in the Time Of Use (TOU) prices are

from 5.9 to 6.2 cents per kWh for off-peak consumption,

from 8.9 to 9.2 cents per kWh for mid-peak consumption,

from 10.7 to 10.8 cents per kWh for on-peak consumption.

Changes in the two-tiered pricing are from 6.8 to 7.1 cents up to the tier threshold and from 7.9 cents to 8.3 cents on consumption above the threshold. Effective November 1^st the threshold changes from 600 kWh to 1,000 kWhs for residential customers and is unchanged at 750 kWhs for non-residential Regulated Price Plan (RPP) customers. For complete rate information please refer to your local utilities website.

Electrically heated homes have been typically suffered a pricing stigma in comparison to Forced Air Gas (FAG) heating. This increase won’t help.

Formally educated as an Architect, Jagdeep Singh is Toronto REALTOR™ consulting on both resale real estate and new developments. Powerful Local Focus on Real Estate with a Global Perspective™