May 4, 2018- From a high point in Spring 2017, sales may be down 32% and the average sale price of a detached home down 14.3% (to $1,354,719), but due to demand and low inventory, some homes are currently attracting multiple offers and way over list sale prices. And condo apartments are selling 3.8% higher on average than a year ago (now $601,211). Many buyers plan on buying a property in the GTA, so once the current volatility due to governmental policies like new mortgage rules has settled, we expect sales and prices to pick up even more in the Toronto Real Estate Market. Read TREB’s Market Watch Report and, for personal real estate advice, contact Andrea Stark, Sales Representative, Johnston & Daniel Division, Royal LePage RE Svcs. Ltd., Brokerage 416-489-2121
December 13, 2016- Goes to show how busy I am- never this late with monthly market updates! So: sales are up in Toronto 16.5% from this time last year and the average sale price of all properties is up 22.7%. The average sale price of a detached home in the 416 area is up 32.3% to $1,345,962 and the average condo apartment is up 13.5% to $471,266. So far, the new mortgage rates have not affected activity in Toronto. We will see what happens with Donald Trump and a predicted rise in interest rates. Review all the facts in this month’s Market Watch report- and visit RetireWellToronto.com– Andrea Stark, SRES, Sales Representative, Johnston & Daniel- A Division of Royal LePage RE Services Ltd., Brokerage- 416-489-2121
March 28, 2016- Spectrum II built by Menkes- Fab pied-a-terre or investment property- well-designed use of space, east-facing balcony overlooking greenery, hardwood floors, underground parking and locker included! Excellent amenities including concierge, gym, party and games room, bbqs, guest suites, & visitor parking. Steps to Starbucks, park, and subway. Convenient to the 401. For more information, visit TOrealestate.ca– Andrea Stark, Sales Representative, Royal LePage RES Ltd./ Johnston & Daniel Division, Brokerage- 416-489-2121
July 28, 2015- Award-winning low-rise Phoebe on Queen, built by Diamante Developments, is a well-run condominium offering amazing amenities and private, landscaped grounds in the heart of Queen West. This rare 1007 SF suite (as per builder’s plan) has a split two bedroom plan, two full baths, 9’ flat ceilings, and a 130 SF sunny terrace with south east exposure. The well-designed kitchen features granite counters, brushed steel backsplash, marble floor, and lots of cabinets with no blind corners. Floor to ceiling windows add to the airy feeling in this suite. The Master fits a King size bed and the second bedroom a Queen. Take advantage of sophisticated urban life at Phoebe on Queen. $609,000 including parking. View the virtual tour by contacting Andrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage 416-489-2121
September 11,2012-The average sale price is up- almost 6.5% from this time last year. Prices of single detached homes in Toronto have increased another 15%! The number of sales, however, in the Toronto core are down almost 12.5% from August 2011, mainly due to high pricetags combined with new borrowing rules by lenders, plus the double whammy of the Toronto Land Transfer Tax. The MLS Home Price Index shows that condominium prices have shown a modest increase of 2.3% in the last year. Read the full details in TREB’s August 2012 Market Watch Report, which was just released.
June 17th, 2012- Last week’s 8th Annual Pug Awards, (which are apparently chosen by the public), for the best and worst public architecture in Toronto, were held at last year’s winner for best commercial building: the Bell Tiff Lightbox. The evening was moderated by Anna Simone, of Cecconi Simone Interiors and Gary Berman, a developer, (Tricon Capital). There was an enlightening discussion by the panel of Kyle Rae, former City Councillor, Christopher Hume of the Toronto Star, and John Bentley Mays of the Globe and Mail. They tackled questions like: Is Toronto living up to its design potential? Does Toronto deserve world class status? The winner of the best residential building was 83 Redpath, which isn’t bad architecturally, but personally, I don’t find the interiors well designed at all. The winner of the best commercial building was the Evergreen Brick Works, which was a fine choice. There was also an honourable mention for the Five Thieves Shops of Summerhill, developed by the late Paul Oberman. It’s a great idea to allow Torontonians to offer their opinions on the buildings around us. Unfortunately, so far, no one discusses the interior layouts of these buildings, workmanship, or the quality of materials used. What do you think about this year’s winners?