May 11, 2012-Just Listed! 126 Simcoe Street, Suite #3103- OPEN HOUSE-SATURDAY, May 12 2:00-4:00- Unbelieveable panoramic views! Split two bedroom plan with two bathrooms, Cecconi Simone Interiors, wraparound glass balcony, floor to ceiling windows, upgraded hardwood and marble floors, stone counters, floating bathroom vanities, KitchenAid and LG stainless steel appliances, custom window coverings, parking, and locker. 24 hour concierge, rooftop Sky Lounge, fitness centre, business centre, guest suites, and visitor parking. Steps to subway, Financial District, TIFF Lightbox, AGO, Four Seasons Opera Centre, and Roy Thomson Hall. Downtown Living at its best! Offered for sale at $585,000. For more info: call Andrea Stark 416-489-2121 or visit www.TOrealestate.ca
May 6th, 2012-Prices continue upward here in Toronto, with the average sale price up another 8.5% from this time last year. Mortgage rates are still low and, while they are not expected to rise much this year, lenders are getting stickier on lending, especially to self-employed individuals. Low inventory has helped keep demand, (and subsequently prices), high. We shall see if the recent increase in inventory affects the strength in terms of price. I am seeing more greedy sellers upping their list price after an initial debut in the marketplace: always a poorly thought-out move, in my opinion. Let’s just count our blessings, Toronto! Don’t get too greedy! Read the entire Toronto Real Estate Board Market Watch Report.