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Real estate transfers July 24-30 – Massillon Independent

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Bethlehem Township

Austin David & Sherry from Hostetler Timothy Lee & Gibson Veronica, 5026 Sherman BLVD SW Lot #278, $38,000. 

Billick Reid from Thompson Anthony & Mary, parcel 1100943 Uganda Pkwy, $4,400. 

Hudson Tina & Manning Mitch from Sutara Rose M & Brenden J & Alexander J, parcel 1100278 Tanganyika Trl, $5,100. 

Hughes Jack E & Julia from Barkheimer Realty Ltd, 30 Main St S, $120,000. 

Jaeger Steve & Sharon from Maurer Raymond A, parcel 1100786 Safari Trl, $7,500. 

Jaeger Steve & Sharon from Maurer Raymond E, parcel 1100785 Safari Trl, $7,500. 

Logan Shawn R & Christina A from Foltz-Albrecht Marlene, parcel 1100661 Safari Trl, $20,000. 

Tanksley Michael from Cronick Sandi & Cronick Donald Jr, parcel 1100505 Cameroon CT, $10,000. 

Canal Fulton

Gaffney Sean & Mcdonald Kevin P & from Sykut Adam A, 1612 Locust St NW, $187,900. 

Hartman Craig from Fultz Daniel R & Tiffani A, 341 Alexis LN, $350,000. 

Millhoff Matt from Rupert James, 377 Stonewood St, $154,000. 

Rodgers Susan E Trustee from Starke Sheila Trustee of the Sheila Star, 354 Alexis LN, $289,000. 

Jackson Township

Baker Vicki L from Lebeau Gordon E, 5143 Westwind Cir NW, $210,600. 

Barkett James L & Phyllis I from Cronick Susan K Trustee, 5654 Rex Dr NW, $545,500. 

Bennett Brenda K & Travis N from King Iva M, 4487 Forest Glen NW, $240,000. 

Berry Jeanne A Ttee from Kerschner Jeffrey A & Maureen, 8339 Forest Ridge St, $340,000. 

BG Custom Homes Inc from Ohio Vedic Homes LLC, 6016 Springlake Rd NW, $123,025. 

Caldwell Michael J & Jennifer L from Boyce Kenneth L & Jill L, 8400 Portage St NW, $627,710. 

Carmine Aaron from Palmer Jeffrey G, 4612 20th St NW, $145,000. 

Dixon Denise E Trustee from Braun John v, 8693 Scotsbury Glen St NW, $545,000. 

Gesiotto James P Trustee from Joseph Mary, 6611 Glengarry Ave NW, $715,000. 

Hampu George R & Anne L from Hoover Robert B Trustee of the Hoover Fa, 4854 Pond Dr NW, $220,000. 

Jeffries Mark A Jr & Tucker Stefanie from Intech Property Management LLC, parcel 10009178 Lake O Springs Ave NW, $195,000. 

Johnson Christopher L & Linda L from Ferrante Christine K & Laurenti Billie K, 7128 Fieldmont St NW, $195,000. 

Lombardi Douglas & Stacy from Richardson Bruce A Trustee, 3315 Cornwall Dr NW, $300,000. 

Mcdonnell Gary W & Nichole from Ross Storm, 2976 Coldwater Ave NW, $343,000. 

Premier Homes Inc from Burch Mark E & Huffbarbara K, 3721 Bel Air Ave NW, $128,000. 

Rowlands Shayne E & Cheryle J from Lombardi Douglas P & Stacy, 5820 Portage St NW, $139,000. 

Scotsbury Builders Group LLC from Braun John v, parcel 10014213 Scotsbury Glen St NW, $85,500. 

Shape Catherine A & Vincent M from Overdorf Jody J & Shawn M, 6615 Blendon Ave NW, $301,500. 

Slaughter Mark R & Susan E from Hite Brent D & Kelsey J, 4815 Echovalley St NW, $210,000. 

Tozzi Jordan G & Alivia R from Coblentz Nathan R & Alea S, 8843 Scotsbury St NW, $415,000. 

Vlasaty Zachary & Nicole from Severt Samuel J & Meredith A, 4188 Ranier Ave NW, $223,000. 

Waldorff Valerie A from Monaco Nathan A & Aimee B, 4866 Ranier Ave NW, $402,500. 

Wayble Steven G & Adrianna from Byham Michael J, 7101 Pinelane St NW, $210,000. 

Weich Eric J from Hewitt Stephanie L, 4463 19th St NW, $175,000. 

Lawrence Township

Able Property Management LLC from Lint John E, 15011 Lawmont St, $57,750. 

Able Property Management LLC from Lint John E, parcel 2400658 Lawmont St NW, $57,750. 

Cernik Michael J from Cernik Michael J & Schlipp Edward J, 5779 Manchester Ave NW, $102,300. 

Covey Brandon R & Lasorella Brittany N from Hinerman Deloris J, 11900 Mill Race St NW, $195,000. 

Frank David M & Barbara J from Frase Stephanie M, 8635 Mardel Ave NW, $181,220. 

Lukovski Scott from Bialis Debra, parcel 10001322 Butterbridge Rd NW, $78,000. 

Massillon

Barreto Hansel from MD Enterprises of Apple Creek Inc, 1050 State Ave NE, $138,000. 

Brown Dianna from Kohl Joshua D, 1222 2nd St NE, $175,000. 

Crabtree Ryan M & Marie from Muhlbach Barbara L Trustee, 2714 Mill Ridge Path, $315,000. 

Flowers Daniel H from Hitchcock Oneda D, 1351 3rd St SE, $60,000. 

Fries Nathan from Eberhardt Todd P & Brian C, 1238 Rodman Ave NE, $60,500. 

Holland Betty J Ttee from Gamary Jennifer K, 1232 Walnut Rd SW, $160,151. 

Howard Brandon from Rich Corazon, 1720 Nutmeg Cir NE, $200,000. 

Laughlin Justine Renay from Reiter Janet M, 948 Wales Rd NE, $107,000. 

Marazza Susan E from Lindsay Fred M, 1124 20th St SW, $248,500. 

Ranft Nicholas G from Emig Jerilyn, 421 16th St NE, $145,000. 

Sanders Erica from the Aem Services LLC, 88 23rd St NW, $155,000. 

Shelton Annie from Newstetter David J, 1109 Duncan St SW, $62,000. 

Tafoya Jeremy R from Trotter Otis, 1200 13th St SE, $70,000. 

Tailwind Massillon MHP LLC from Oh 3354 Hilton St NW Massillon LLC, 3354 Hilton St NW Lot 21, $30,000. 

Turn Two Investments LLC from Richards Charles W, 433 6th St NE, $73,000. 

Wilson Veronica L from Sedlak Alyssa M, 3115 Lincoln Way NW, $125,000. 

Perry Township

Clair Gabriella A from Rama Rental Properties LLC, 1309 Delaware Ave SW, $133,000. 

Cochran Michael J & Jennifer R from Bartolone Joseph E & Rebecca M, 233 Proudley Ave SW, $155,000. 

Cunningham Matthew & Boone Beverly from Mcdonald Richard K & Lisa R, 316 Genoa Ave SW, $149,000. 

Cunningham Matthew & Boone Beverly from Treharn Kami, 322 Victoria Ave NW, $149,000. 

Defilippo Stephen v Et Al from Defilippo Stephen v &Solvey Carla M & Ka, 4829 14th St SW, $20,000. 

Defilippo Stephen v Et Al from Defilippo Stephen v Et Al, 4829 14th St SW, $5,000. 

Defilippo Stephen v from Defilippo Stephen v Et Al, 4829 14th St SW, $5,000. 

Difrancesco Matthew P & Carrie L from Winn Aaron B & Kelly L, 1754 Clearbrook Rd NW, $260,000. 

Eberhardt Construction LLC from the Aem Services LLC, 130 Rowmont Rd SW, $32,500. 

George Daniel R & Sharon L from Morris Roger N and Patricia E, 1189 Jackson Ave NW, $215,500. 

Henry Noah R from Clark Frank Properties Ltd, 146 Elmford Ave SW, $153,000. 

Hershberger Mary S from NVR Inc A Virginia Corporation DBA, 7030 Gauntlet St SW, $252,620. 

Humes Richard & Belinda J from Barkheimer Realty Ltd, 4456 Richville Dr SW, $157,000. 

Iler James W from M Laps Land LLC, 219 Wrexham Ave SW, $75,000. 

JLR Rental Properties LLC from CJB Rental Properties LLC, 1620 Cedarcrest Ave SW, $225,000. 

Lawver Jessica M & Thomas L Jr from Rufo Teresa & Economos Lenette J, 600 Meadowridge Ave NW, $207,500. 

M Laps Land LLC from Iler James W, 212 Wrexham Ave SW, $35,000. 

Mongiardo Michael J from Burns Constance, 614 Meadowridge Ave NW, $102,000. 

Moscariello Joseph Michael & Vanessa from Hill Michael L & Rebecca L, 523 Kolpwood Ave NW, $168,000. 

NVR Inc A Virginia Corporation DBA from R L Deville Holdings Ltd, 4396 Pioneer Cir SW, $47,900. 

Pugh Vida from Cochran Michael & Jennifer, 2251 Saratoga Ave SW, $144,000. 

Sawyers Jacquelin E from Kestel Matthew A & Julia M, 4900 2nd St NW, $100,000. 

Simon Jordan M & Kalaya from Jep Properties Ltd, 916 Pheasant Grove Ave NW, $200,000. 

Stanford Marnita & Dennis from Weiford Mindi M, 6035 Wynnbrook Rd SW, $154,000. 

Tailwind Massillon MHP LLC from Mcfee Richard J, 3354 Hilton St NW Lot #36, $1,000. 

Tailwind Massillon MHP LLC from Oh 3354 Hilton St NW LLC, 3354 Hilton St NW Lot #30, $1,200. 

Tailwind Massillon MHP LLC from Oh 3354 Hilton St NW Massillon LLC, 3354 Hilton St NW Lot #15, $1,000. 

Tailwind Massillon MHP LLC from Oh 3354 Hilton St NW Massillon LLC, 3354 Hilton St NW Lot #26, $1,600. 

Tailwind Massillon MHP LLC from Oh 3354 Hilton St NW Massillon LLC, 3354 Hilton St NW Lot 20, $30,000. 

Tailwind Massillon MHP LLC from Oh 3354 Hilton Street NW LLC, 3354 Hilton St NW Lot 10, $1,000. 

Uphouse Christina M & Combs Laura K from Wilson Sara, 2830 Chippendale St NW, $180,000. 

Wadding Austin Lee & Tori Sue from Brown Kelly P & Amy C, 3619 Bunker Hill St NW, $197,500. 

Sugarcreek Township

Hershberger Rentals LLC from Lucas Craig A, 118 Main St E, $55,000. 

Lowe Stephanie S from Bennett John & Zetta, 460 First St SW Lot #67, $11,500. 

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Reopening of borders may fuel a fresh round of Canadian real estate madness – Calgary Herald

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New arrivals may further stress Canada’s already tight housing markets

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Just when you thought you could catch a break from pandemic-fuelled housing madness, experts are predicting the reopening of the U.S.-Canada border, and Canada’s commitment to boost immigration, could fuel even higher levels of demand. All those new arrivals, students and family members rejoining loved ones will need places to live. And Canada’s housing supply is tight.

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“If you think it’s expensive now, just wait,” says Tom Storey, a real estate agent with Royal LePage in Toronto. “The numbers tell us that prices should go up because there’s a lot of people coming here and we’re not building enough new properties.”

Canadian government raising immigration targets

Exactly when new arrivals will impact housing markets is vague. Border entry is limited to those who can show they’re fully vaccinated.

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But, once the pandemic’s threat has largely passed, the U.S. and Canadian governments have both expressed hopes that border traffic will return to normal.

Likewise, while Canada’s immigration goals call for 401,000 new permanent residents this year (reaching 1.2 million by 2023), dates aren’t specific and COVID-19 will continue to delay things in the short term.

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Canada’s borders have been closed to most immigrants for much of the pandemic. But as the country’s population ages, economic immigration from workers and employers who ultimately become permanent residents has become more important.

“The key to both short-term economic recovery and long-term prosperity is immigration,” Marco Mendicino, Canada’s Minister of Immigration, Refugees and Citizenship, said at a news conference where he revealed the country’s goals through 2023.

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The newcomers will put pressure on housing — either as homebuyers or renters.

In addition to new permanent residents, the number of international students in Canada is also rebounding. Those numbers were rising sharply before the pandemic, growing to 402,500 in 2019 — a 15 per cent increase from 2018, according government data.

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Those with temporary work permits will also grow the population. Almost 70,000 more people were issued work permits in 2019 (a total of 404,000) and 63,020 people with temporary work permits were granted permanent residency.

Newcomers will need housing

Home prices were rising pre-COVID-19, due to a lack of housing supply combined with low mortgage rates and strong consumer demand.

Amid the new immigration policies, a growing student population and a proposed childcare system that’s expected to give families room to save more of their income, demand for housing will only grow, according to a recent report from Scotiabank.

Yet, home construction hasn’t kept up with demand for several years.

This year, as fewer newcomers have entered the country, the ratio of home completions to population has improved slightly. That’s likely to worsen as the government meets its immigration targets, the report says.

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To avoid a continued rapid acceleration in home prices, experts argue immigration targets should align with housing policies that help meet the demand.

“Our federal government’s decision to raise immigration targets today without making the corresponding supply-side housing policy changes needed to increase supply is a decision to inflate home prices out of reach of most Canadians tomorrow — including many of our newest fellow citizens,” John Pasalis, the president of Toronto-based Realosophy Realty, says in a recent market report.

Immigration to impact the resale and rental markets

While Canada’s major cities have seen double-digit home price growth in recent years, the market overall appears to be calming.

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July sales slipped 3.5 per cent on a month-over-month basis, according to the Canadian Real Estate Association, and sales are down a cumulative 28 per cent from a March 2021 peak.

Home sales in Canada fell a significant 14 per cent year over year in August, the Canadian Real Estate Association (CREA) said Sept. 15. Still, the association says, home sales in this country remain historically strong. And a lack of supply of homes for sale is pushing prices to record levels in Canada’s most populous cities.

The rental market, too, has been down from its high — in part due to restrictions on Airbnb units, which released bundles of short-term rentals into the traditional leasing market.

“When the borders open and [people] go back to university, you’re going to see an increase in the rental market,” Storey says. “Then it will flood into the sale market.”

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But analysts say the property market is facing headwinds — namely inflation and the specter of rising interest rates.

And many of the Canadians who wanted to buy a home in order to get more space amid the pandemic, or even downsize, have already done so, says Adil Dinani of the Dinani Group for Royal LePage West in Vancouver. That may help cool off prices in the months to come.

Building more housing also will help.

“Supply is the common denominator in most of these major markets,” Dinani says. “There’s a shortage of quality inventory.”

This article provides information only and should not be construed as advice. It is provided without warranty of any kind.

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Skyline to sell Deerhurst, Horseshoe, Blue Mountain land – Real Estate News EXchange

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IMAGE: Deerhurst Resort in Huntsville is being sold by Skyline to Freed Corp. (Courtesy Skyline)

Deerhurst Resort in Huntsville is being sold by Skyline Investments to Freed Corp. (Courtesy Skyline)

Freed Corp. will pay $210 million to acquire Ontario’s Deerhurst Resort, Horseshoe Valley Resort and development lands at Blue Mountain Resort from Skyline Investments Inc., the firms announced Monday morning.

The transaction involves the creation of a new subsidiary by Toronto-based Freed, to be called Resort Communities LP. Skyline will take a 29 per cent equity stake in Resort LP, which represents about $33 million of the purchase price.

The transaction is expected to close on or about Oct. 31.

“This is a milestone for Skyline that provides significant new liquidity to capitalize on our stated strategy to redeploy our investment and operational focus from resorts and development lands into hotels,” Skyline CEO Blake Lyon said in the announcement.

“This transaction represents one of the largest resort sales in Canada in the last 15 years, according to Beechwood Real Estate Advisors who advised Skyline on the transaction, and we are excited to be a 29 per cent partner in Resort LP along with Freed, who will now own an expanded portfolio of premier, drive-to resorts in Ontario, Canada.”

Well-known Ontario resorts

The properties are among the best-known resorts in Ontario, all located in prime vacation regions; Blue Mountain is at Collingwood; Deerhurst in Huntsville; and Horseshoe Valley is just outside Barrie.

“This transaction allows us to realize the full net asset value of our Canadian resorts, while still participating in the value creation that Freed’s proven development team can produce,” Lyon said in the release.

“Skyline’s investment partner in Blue Mountain, Serruya Private Equity, also expressed their satisfaction and support for this transaction.”

As part of the transaction, Freed will roll its existing interest in Muskoka Bay resort into Resort LP, at a $90 million valuation.

Muskoka Bay is an 869-acre four-season luxury resort community in Gravenhurst, between Horseshoe and Deerhurst. Muskoka Bay has 65 hotel rooms and villas owned or managed by Freed and one of Canada’s top-10 golf courses, as ranked by ScoreGolf.

“The acquisition of these iconic resort properties will allow us to execute our strategy of modernizing the traditional resort community market to the highest and best use through design-driven development and benefits of world-class amenities with all season access,” said Freed’s founder and CEO, Peter Freed, in the release.

“In addition, the acquisition of these resorts further stimulates the growth in the hotel and resort sectors for Freed.”

Financial details of the transaction

Other financial details of the transaction involve several components in addition to the equity stake in Resort Communities LP.

Upon closing, Skyline will receive a cash payment of approximately $109 million, and after debt and bond repayments, taxes and minority interest payouts, is expected to have approximately $30-$35 million.

A further $80 million in payments (including approximately $12 million in interest) is expected to follow over the ensuing 24 to 48 months. Net income before tax relating to the transaction on closing is expected to be $35-$45 million.

After tax, net income is expected to be $25-$35 million and the net impact on the company’s equity is expected to be $15-$25 million.

The deal also includes options for Resort LP to acquire Skyline’s 29 per cent interest in December 2022, and put and call options for Skyline and Freed at the end of years four and five following the transaction.

Skyline will host an investor call to discuss the transaction on Sept. 30 at 9:30 a.m. (Israel time).

About Skyline, Freed and Serruya

Skyline is a Canadian company that specializes in hospitality real estate investments in the U.S. and Canada. It owns 18 income-producing assets with 3,266 hotel rooms and 85,238 square feet of commercial space and development lands with rights for approximately 2,315 residential units located in three main areas north of Toronto.

The company is traded on the Tel Aviv Stock Exchange (SKLN) and is a reporting issuer in Canada.

Freed Developments was founded over 25 years ago and has grown to become one of the largest private developers operating in the City of Toronto.

Freed has completed over 30 projects and has expanded to include vertical operating divisions in construction management, real estate and Freed Hospitality, a lifestyle-experience hotel, resort, restaurant and nightlife portfolio.

Serruya Private Equity is a global private equity firm in a broad range of asset classes with an emphasis on retail and consumer packaged goods.

SPE’s principals have developed brands including Weight Watchers, Tropicana, Godiva Ice Cream, Cold Stone Creamery, Round Table Pizza, Great American Cookies, Marble Slab Creamery, Hot Dog on a Stick, Taco Time, Blimpie Subs, and Pretzelmaker.

SPE’s platform currently includes global brands Yogen Früz, Pinkberry and Swensens with over 1,300 stores across 40 countries.

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Vancouver Island real estate searches see major uptick – Pique Newsmagazine

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In what was one of the less pleasant summers we’ve had here in British Columbia  full of heat waves, moths and forest fires like we’ve never seen before  one part of the province fuelled plenty of interest from home seekers.

From top to bottom, Vancouver Island saw a major uptick in real estate searches on REW.ca this summer, as month-over-month queries continue to rise quickly.

Interest in property on Vancouver Island isn’t contained to home seekers on the island itself. Many Greater Vancouver residents are showing interest in cities like Nanaimo and Victoria as well.

After a summer full of fires in the Interior, Vancouver Island is looking more attractive than ever for Lower Mainland residents looking for vacation properties and second homes.

Decreased supply

While interest and prices may be rising, one of the most notable trends taking place on Vancouver Island is the limited supply of housing.

There were 51% fewer homes on the market in August 2021 on Vancouver Island than in the year prior, with major cities like Victoria having 57.8% less inventory.

According to the British Columbia Real Estate Association, sales are returning to normal, while supply is hitting record lows. This is a trend taking shape right across Canada, with all of the major political parties running for office promising to take on the lack of supply.

To those who already live on Vancouver Island, the recent uptick in search activity should come as no surprise. Vancouver Island is less busy, less densely populated, and arguably every bit as stunning as Vancouver.

Residential home prices also continue to be more affordable on Vancouver Island compared to Greater Vancouver. Last month, the average residential price of a home in Greater Vancouver was $1,174,176, compared to $695,085 on Vancouver Island in general and $875,711 in Victoria.

Rising prices

Though the average residential price of a home on Vancouver Island in general and Victoria specifically are both under the provincial average in British Columbia, prices are still rising steadily.

Over the last 12 months, no region in B.C. has seen a larger percentage increase in home prices than Vancouver Island, with prices on residential homes jumping 29.5% year over year. Outside of Vancouver Island, Kamloops and Chilliwack are the only other areas that have seen price growth of over 20%.

What might be most surprising to investors and home seekers is the increase in interest for Vancouver Island’s less populated cities. One might expect to see Nanaimo and Victoria draw more queries on REW, but there’s an equal amount of search growth in smaller markets like Parksville, Ladysmith and Sooke. Of the top 10 largest cities on Vancouver Island, all 10 have seen an increase in search queries on REW this summer.

An unprecedented start to 2021 still has B.C. on track to set all kinds of records this year, and though sales have slowed, an increased interest in areas like Vancouver Island could be an indication that demand is still trending upward. With limited supply and interest rates remaining depressed, we could see prices continue to rise on Vancouver Island in the months to come.

In a recent interview with the Vancouver Real Estate Podcast, REW president Simon Bray highlighted three markets other than Vancouver Island that have been standouts on the home search platform, garnering significant interest from home seekers across the province. 

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