MAZHAR MAJEED PROFILE

Mazhar Majeed provides access to luxury real estate and homes for sale Vaughan, Mississauga, Brampton, Richmondhill, Markham, Toronto, Waterloo. View our network's wide selection of luxury homes, estates, islands and more. The properties can be found in any corner of the world you wish to call home. From luxury homes in Vaughan, Mississauga, Brampton, Richmondhill, Markham, Toronto to desirable Waterloo, our network has what you are looking for. Connect with Mazhar Majeed, Mazhar Majeed will help you discover the home, or vacation home that meets your unique lifestyle.Reliability, Transparency, Honesty and Customer Centricity form the foundation.

With over 6 years of experience in the field of Real Estate, Mazhar Majeed has built a brand for itself by providing Consulting and Real Estate solutions to Corporates, Institutions and Individual clients.
Mazhar Majeed has been successful in providing the right balance between the requirements and delivery to its clients. Our approach to the deals makes the transaction highly profitable for our clients.
Providing expertise in Vaughan, Mississauga, Brampton, Richmondhill, Markham, Toronto, Waterloo areas.

An Experienced Agent you can count on        

·       Knowing the market
·       Pricing your home correctly
·       Staging your home
·       Experience equals results
·       Negotiating the offer to deliver the best return
·       Navigating inspections, appraisals and the Mortgage Approval
·       Successfully closing the deal with confidence
·       Marketing to attract more buyers
·       Aggressive Print & Digital media advertising till house is sold
·       A Trusted Advisor at your side
·       Outstanding Results for you

Education: BA , Project Management

Specialty: Residentail and Comercial

Experience: 6 Years

Awards: Diamond Club, President

Area Covered: Vaughan, Mississauga, Brampton, Richmondhill, Markham, Toronto, Waterloo

Languages Spoken: Arabic, English, Hindi, Punjabi, Urdu

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Luxury Sorrento mansion with star-studded history sells to Asian buyer for $7.22 million after four years

The mansion, located at 26 Marseille Ct, Bundall, was purchased by Melbourne transport multi-millionaire Doug Kefford for $8 million in 2009.

It had been on the market almost four years before it sold last month to Guanghan Chen and Yi Zhao.

Bartinon has an illustrious history having been visited by the likes of Frank Sinatra, the Rolling Stones, the King of Tonga, the Sultan of Brunei, Whitney Houston and Dr Henry Kissinger.

The property features a seven-car garage, a helipad, a ballroom, four lounges, a sunken wet bar and a billiards room.

Lucy Cole, of Lucy Cole Prestige Properties, negotiated the sale and said it was one of the most significant sales in the past five years.

“Bartinon is without doubt one of the Gold Coast’s most amazing homes and it sits at the very top end of the Queensland property market,” Ms Cole said.
Think Real Estate, Think Mazhar Majeed

Reliability, Transparency, Honesty and Customer Centricity form the foundation.

With over 6 years of experience in the field of Real Estate, Mazhar Majeed has built a brand for itself by providing Consulting and Real Estate solutions to Corporates, Institutions and Individual clients.

Mazhar Majeed has been successful in providing the right balance between the requirements and delivery to its clients. Our approach to the deals makes the transaction highly profitable for our clients.

Providing expertise in Vaughan, Mississauga, Brampton, Richmondhill, Markham, Toronto, Waterloo areas.

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WESTERN CAPE RIDING THE WAVE OF REAL ESTATE BOOM

Pam Golding Properties said that many South Africans still aspire to living in "cosmopolitan" Cape Town and foreign buyers are enticed by the favourable rand exchange rate .

According to the FNB Western Cape housing price index, the average price for a house in the region rose 12.5% in the second quarter year on year.

An FNB survey of estate agents found that the time it took for a house in the Western Cape to sell has dropped from 13.7 weeks on average to 13.3 weeks.

Agents estimate that now 81% of sellers are being asked to drop their asking price as opposed to 95% early last year.

Laurie Wener, managing director for Pam Golding in Cape Town, said: "The status of the residential property market around South Africa is generating intense interest. The market is enjoying what appears to be a sustained upturn, defying the economic constraints generally being experienced by other sectors.

"The areas in and around the Western Cape, and specifically the Cape Town metropole, provide an interesting microcosm of the country's housing market, resulting in the region often being regarded as a national property barometer," she said.

Despite Western Cape's property sales growth rate, FNB analysts said it was second to Gauteng as the most affordable residential market.

Source : http://www.timeslive.co.za/thetimes/2014/07/21/western-cape-riding-the-wave-of-real-estate-boom

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Winnipeg mayoral candidates weigh in on cleaning up audit mess

In the wake of a scathing report into a number of City of Winnipeg real estate deals, CBC asked the candidates who will inherit the mess how they would deal with it should they win the election, including whether they would ask police to investigate. 

The EY (Ernst & Young) report, released Wednesday, found a number of policies and procedures were not followed in some of the city's real estate transactions.

It reviewed numerous deals going back several years, including the acquisition of the former Canada Post building downtown, which is being turned into the police service's new headquarters.

Lawyer Brian Bowman hadn't yet finished reading the audit, but said Friday he hasn't seen criminal wrongdoing so far.

He said, however, he will look more closely at the document before making a final decision about his course of action on the issue if he becomes mayor.

"Certainly under my watch, we are not going to set this aside and continue with business as usual," he said. "We think the status quo is, we are demonstrating it in spades right now, that something has to change."

Charleswood-Tuxedo Coun. Paula Havixbeck said she isn't afraid to call in the police, but it has to be justified.

"If we delve deeper and ask questions, I think that I wouldn't hesitate to take it over to either the police or the RCMP," she said. "But I think we need to hear that evidence. Right now there isn't [any]"

Former St. Vital Coun. Gord Steeves said he understands police already have a copy of the audit, but he said it's up to police, not politicians, to decide what they investigate. He too said he will look at the audit more closely but he does have some genuine concerns. 

"I don't mind telling you, I have some real concerns," he said. "There is some specific things in there where there looks to be some sole sourcing. That seems to be at first blush to be inappropriate."

Funeral home owner Mike Vogiatzakis said the police should be looking at the audit right now, whether he becomes mayor or not. 

"I think you should even bring in an RCMP investigation," he said. "Bring somebody in to do an investigation and see where this money has gone."

Former NDP MP Judy Wasylycia-Leis, who lost to current mayor Sam Katz in the last election. said the current council still has a chance to get some answers now. But she also vowed if it doesn't, she will if she wins the election. 

"If the present mayor and council doesn't deal with this matter and leaves it to the next administration, I will deal with it. And all options will be on the table." 

Neither Michel Fillion nor Robert-Falcon Ouellette could be reached for comment. 

City council meets Wednesday to take a closer look at the audit. 

Think Real Estate, Think Mazhar Majeed

Reliability, Transparency, Honesty and Customer Centricity form the foundation.

With over 6 years of experience in the field of Real Estate, Mazhar Majeed has built a brand for itself by providing Consulting and Real Estate solutions to Corporates, Institutions and Individual clients.

Mazhar Majeed has been successful in providing the right balance between the requirements and delivery to its clients. Our approach to the deals makes the transaction highly profitable for our clients.

Providing expertise in Vaughan, Mississauga, Brampton, Richmondhill, Markham, Toronto, Waterloo areas.

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H&R ANNOUNCES JULY AND AUGUST DISTRIBUTIONS

H&R Real Estate Investment Trust ("H&R REIT") and H&R Finance Trust (together with H&R REIT, "H&R") today announced that the Trustees have declared distributions as follows:

 Distribution/Stapled UnitAnnualizedRecord dateDistribution 
date
July 2014$0.11250$1.35July 17, 2014July 31, 2014
August 2014$0.11250$1.35August 15, 2014August 29, 2014About H&R REIT and H&R Finance Trust

H&R REIT is Canada's largest diversified real estate investment trust with a total capitalization of approximately $12.8 billion as at March 31, 2014. H&R REIT is a fully internalized REIT and has ownership interests in a North American portfolio of high quality office, retail and industrial properties comprising over 53 million square feet.

H&R Finance Trust is an unincorporated investment trust, which primarily invests in notes issued by a U.S. corporation which is a subsidiary of H&R REIT.  The current note receivable balance is U.S. $219.8 million.  In 2008, H&R REIT completed an internal reorganization which resulted in each issued and outstanding H&R REIT unit trading together with a unit of H&R Finance Trust as a "Stapled Unit" on the Toronto Stock Exchange.

Forward-looking Statements

Certain statements in this news release contain forward-looking information within the meaning of applicable securities laws (also known as forward-looking statements).  Such forward-looking statements reflect H&R's current beliefs and are based on information currently available to management. These statements are not guarantees of future performance and are based on H&R's estimates and assumptions that are subject to risks and uncertainties, including those discussed in H&R's materials filed with the Canadian securities regulatory authorities from time to time, which could cause the actual results and performance of H&R to differ materially from the forward-looking statements contained in this news release. Those risks and uncertainties include, among other things, risks related to: prices and market value of securities of H&R; availability of cash for distributions; restrictions pursuant to the terms of indebtedness; liquidity; credit risk and tenant concentration; interest rate and other debt related risk; tax risk; ability to access capital markets; dilution; lease rollover risk; construction risks; currency risk; unitholder liability; co-ownership interest in properties; competition for real property investments; environmental matters and changes in legislation and indebtedness of H&R. Material factors or assumptions that were applied in drawing a conclusion or making an estimate set out in the forward-looking statements include that the general economy is stable; local real estate conditions are stable; interest rates are relatively stable; and equity and debt markets continue to provide access to capital. H&R cautions that this list of factors is not exhaustive. Although the forward-looking statements contained in this news release are based upon what H&R believes are reasonable assumptions, there can be no assurance that actual results will be consistent with these forward-looking statements. All forward-looking statements in this news release are qualified by these cautionary statements. These forward-looking statements are made as of today and H&R, except as required by applicable law, assumes no obligation to update or revise them to reflect new information or the occurrence of future events or circumstances.

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TORONTO LUXURY REAL-ESTATE DEVELOPER SUCCESSFULLY CROSSBREDS RARE TRI-HYBRID CALF — ‘CHI W ANGUS’

Many know Shane Baghai — one of the country’s most successful luxury real-estate developers — as the man behind more than 1,000 homes in the Greater Toronto Area and 3,000 high-end condo units.

Less well known is his hobby: cattle breeding.

At Paradise Farms in Caledon, Ont., about a 45-minute drive north of Toronto, Mr. Baghai can be found at least once a week, he says. He knows all the animals, and has been active in the farm’s day-to-day operations since he purchased it six years ago.

What may be Mr. Baghai’s proudest moment as a part-time farmer came this past week, when he successfully crossbred a rare tri-hybrid calf, born on Canada Day.


The calf combines genes from a black Aberdeen Angus, a black Japanese Wagyu and a white Italian Chianina. Mr. Baghai said experts at univerities in Guelph and Nebraska have told him that this combination is a first.

In Canada especially, the latter two breeds are rare themselves. According to the Canadian Livestock Records Corporation, only one Chianina was registered in Canada as of 2011.

“Nobody had the three breeds together,” Mr. Baghai said.

The unusual crossbreed has been in the works for three years, with the hope that each one’s most desirable traits would permeate in the final product, a black calf he classified as a “Chi W Angus.”

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Middle East sets sights on UK real estate

It is estimated that investors from the Middle East will spend $180bn on commercial real estate abroad in the coming decade, and that nearly half of that will be directed at the UK.

The research, conducted by CBRE, predicts that $85 will flow into the UK and a further $60bn to continental Europe: in total this will be almost five times higher than during the previous decade.

Iryna Pylypchuk, a researcher at CBRE, thinks that a number of factors are driving Middle Eastern real estate investors to look towards Europe. "Culture, openness and favourable taxation laws are significant push factors for Middle Eastern buyers toward Europe, and the UK in particular,” she says.

“Close historical, political and economic relations, as well as Britain's recent decision to become the first non-Muslim nation to issue Shariah-compliant Islamic bonds, confirm Europe as the favoured destination for Middle Eastern capital."

Lack of opportunity at home

The huge flow of capital out of the region is put down to a combination of huge spending power in the region and a lack of institutional real estate in domestic markets.

"The 'buy and hold' strategy adopted by many Middle Eastern investors within their home region and the resultant lack of deal flow opportunities leaves much unsatisfied demand here,” says Nick Maclean, Managing Director of CBRE Middle East. “Coupled with increased confidence in global markets and the need for diversification, overseas investment has grown strongly."

Source : http://www.cityam.com/

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BRITAIN WARNS BOOM IN REAL-ESTATE PRICES THREATENS ECONOMY

LONDON—The U.K.'s two chief financial-policy makers warned Thursday in strident tones that the British fervor for real estate had swelled into a threat to the wider economy, and the government moved to enact new powers to curb mortgage lending amid a gathering boom.In twin speeches at a black-tie banquet for bankers and business leaders, Chancellor of the Exchequer George Osborne and Bank of England Gov. Mark Carney set out the danger signs of an incipient bubble: rocketing prices, lax lending and high debt.

Mr. Carney called real estate "the greatest risk to the domestic economy."

Britain's concerns highlight a central challenge to policy makers in the era of low interest rates: how to prick bubbles early without sapping a tremulous recovery. The U.S. and euro zone have also established new bodies to keep watch over the financial system, but the U.K. has gone furthest in equipping its central bank with specific tools to tackle housing-market risks.

Britain's response will be a seminal experiment: the U.K. is trying to control housing prices through so-called macroprudential tools, without resorting bluntly to raising interest rates.

On Thursday, Mr. Osborne said the BOE would have wide new authority to restrict lending by limiting how much home buyers can borrow relative to their incomes and how much they can borrow as a proportion of a property's value. "I want to make sure that the Bank of England has all the weapons it needs to guard against risks in the housing market," Mr. Osborne said.

The International Monetary Fund warned Wednesday the U.K. was one of many countries that need to guard against housing-market booms, for fear a bust could lead to a systemic banking crisis. Australia, Canada and France were also highlighted as countries where housing markets appear overheated in relation to average incomes. The IMF said the U.S. market was less expensive now than historically, relative to average incomes.

Levels of tooth-gnashing in Britain have risen along with a deluge of data showing house prices at or above pre-financial-crisis levels.

The average price of a house was £184,464 ($309,403) in May, the highest since April 2008, up 8.7% from a year ago, according to mortgage-lender Halifax, a subsidiary of Lloyds Banking Group PLC.

It isn't the high prices alone that have policy makers worried. The property exuberance is stretching the finances of first-time home buyers and reshaping neighborhoods in London, the principal source of the boom.

Persistently low interest rates set by the BOE, alongside government policies intended to spur home buying, have sent prices soaring in the past year—especially in the past six months. The low rates and galloping prices, in turn, have encouraged buyers to take on ever-growing quantities of potentially destabilizing debt to afford a house.

Gross mortgage lending in the U.K. in April was up 36% from April 2013. First-time buyers are stretching further: In London, they borrowed an average of 3.83 times their gross income in the first quarter, data from the Council of Mortgage Lenders show. That ratio last peaked at 3.6 in late 2007 and early 2008.

U.K. business secretary Vince Cable on Thursday said 3 to 3½ times a person's income is a "stable level." "I was appalled when I discovered that banks were lending five times," Mr. Cable said in a radio interview.

In London, prices are nearly double the national average. On Valentine's Day, more than 800 people braved rain, wind and the potential ire of their partners for the chance to buy an apartment.

The new residential towers, 7 miles east of the city center, won't be built for years. For now, the land is a windswept, postindustrial area. But with prices extraordinarily high, credit cheap and competition cutthroat, the deal on offer was tempting: £2,000 on a credit card to secure one of the 336 apartments.

Part-time property investors Ashwin Shah, 58, and his friend, Ashok Shah, 55, arrived hours before the doors of the hotel conference area opened. They were near the front of the line, and each committed to buying apartments, but not the coveted corner spots they wanted.

"It's a risk. Nobody knows where property prices will be in two or three years' time," said Ashwin Shah, who had been steering clear of London's high house prices. It was his first time back in the market since before the crisis, he said.

By the end of the night, 200 apartments had commitments. By Sunday, two days later, they all had.

Fierce demand—exacerbated by decades of slow home-building that hasn't kept pace with population growth—has made London homes among the most expensive in the world. The average house cost £459,000 in March, up £61,000 in one year, and £109,000 more than the 2008 peak, according to the Office for National Statistics—though some data suggest the most torrid growth rates are past.

The BOE's emerging fear is that buoyant prices will encourage property-loving Britons to load up on debt they may struggle to repay. Big debts are harder to service if interest rates rise and put borrowers and lenders at risk of heavy losses if prices fall. Such a squeeze could ripple through the economy, slamming the brakes on spending and lending and derailing the U.K.'s recovery.

The central bank has said it intends to raise its main policy rate gradually from a historic low of 0.5%; investors expect the first rise will come in the spring of 2015 amid stronger economic growth. Mr. Carney said on Thursday that rapid growth and tumbling unemployment mean the first increase may come sooner still.

Mortgage rates are expected to rise, too. Most Britons have adjustable-rate mortgages, or mortgages whose initial rate is fixed for a relatively short time. Even if house prices don't fall dramatically, borrowers will likely feel the pinch.

For some, the housing market feels precarious.

Late last month in Walthamstow, an area of east London often flagged as one of the capital's last remaining affordable neighborhoods, Emma Rubach, 36, was close to buying her first house. But the seller pulled out at the last minute because he couldn't afford another house he wanted to buy, she said.

Lloyds Banking Group was prepared to lend Ms. Rubach and her partner 4.5 times their combined salaries for a £327,000 home, she said. "The last house on that street sold for £240,000. We were going to be buying the most expensive house on the street. That made me nervous," she said.

Some banks have voluntarily taken small steps back: Lloyds, the country's largest mortgage lender, last month announced it would voluntarily cap loan-to-income ratios at four for houses over £500,000. The Royal Bank of Scotland followed suit last week.

And a government program called Help-to-Buy that subsidizes mortgages could also be scaled back when it is up for review in September, said Rob Wood, chief U.K. economist at Berenberg Bank.

Although the program accounted for just 1.3% of new mortgages issued between October and March, critics say it risks pushing up public expectations of future house-price gains, which could encourage reckless borrowing. Mr. Osborne said the program is working.

Like the U.S., the U.K. has had painful housing busts before, and officials have already taken some steps to cool it. A central-bank program funneling cheap cash to banks was rejigged last year, redirecting the money away from the housing market. Lenders in April were ordered to test more strictly whether borrowers could stomach a rise in rates. And regulators are requiring banks to check if they can withstand a collapse in house prices in stress tests later this year.

At the core of the U.K. housing-market problem is an acute lack of supply. Mr. Osborne also pledged reforms to the planning system Thursday aimed at providing 200,000 new homes. Similar home-building commitments over the past two decades have failed to keep pace with demand from a growing population.

For all its new macroprudential powers, that shortage of homes is what troubles central-bank officials. "We are not able to build a single house," Mr. Carney said Thursday.

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REAL ESTATE MOGUL SUES AFTER WIFE 'HAD AFFAIR WITH THEIR PLASTIC SURGEON AND SECRETLY SOLD HER $1.1MILLION DIAMOND TO PROMOTE A BOOK SHE WROTE WITH HER LOVER BEFORE REPLACING STONE WITH CUBIC ZIRCONIA'

A real estate mogul is suing his estranged wife's alleged lover after he claims the pair secretly sold a $1.1million diamond to promote a book they had written about plastic surgery. 

Dallas developer Lucien Crosland claimed that his former wife Mary Crosland tried to replace the diamond with a cubic zirconia after using the money to pay for the tour of her plastic surgery book which she co-wrote with Dr Rodney Rohrich. 

Mary Crosland, 55, who filed for divorce last month, is at the same time suing her ex for allegedly trying to extort $10million from Dr Rohrich and threatening to ruin him.

The couple had been married for 14 years and lived in a mansion in the exclusive Dallas neighborhood of Highland Park.

The property developer went on to say that he and his wife became clients of Dr Rohrich several years ago and that his wife started having an affair with the doctor. 

The lawsuit then claimed that the pair 'hatched a plan to purchase a cubic zirconia to replace the investment diamond', according to NBC. Mr Crosland claims that the pair sold the diamond and deposited the funds in the surgeon's bank account, according to Dallas News. 

Dr Rohrich described himself on his website as one of most respected and top plastic surgeons in the world. He has a wife and two children, according to his online biography.

The former Mrs Crosland countered her husband's lawsuit with a motion in her divorce case last Wednesday where she claimed that husband tried to 'shake down' Dr Rohrich for $10million in May. 

In her divorce papers, she alleged that she had 'endured years of his physical abuse, mental abuse, emotional abuse, drunkenness, and sadistic behavior'.

Mr Crosland claimed in divorce papers, that his wife used 'her sexual guile coupled with sociopathic cunning' to lure the doctor away from his wife. 

'Navigate Your Beauty' was published in April and is available on Amazon and is described on the publicity site as a 'breakthrough book' on plastic surgery. 

It has been endorsed by former supermodel Jerry Hall and philanthropist Nancy Rogers. 

Mary Crosland is described on the website as 'a talented businesswoman and an advocate for women’s health and safety'. 

MailOnline was awaiting for a comment from Dr Rohrich. 

In a statement today, UT Southwestern said as a policy the university does not comment on pending litigation.

MailOnline was awaiting a response from Stephanie Curtis, an attorney for Lucien Crosland, but she earlier told NBC that the extortion claims against her client were totally false.

Larry Friedman, an attorney for Mary Crosland, had not responded to a request for comment. 

However the lawyer told the Dallas News that the diamond was a gift to his client for the couple's anniversary and she later decided to sell it. He added: 'Once you put a gem on a woman’s finger, it is there forever. And those are the rules of the game.'


Read more: http://www.dailymail.co.uk/news/article-2666031/Real-estate-moguls-wife-affair-sold-1-1m-diamond.html#ixzz36J4Ie8dk 

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