12 02, 2019

JUST SOLD! 51 Cranberry Lane – Aurora

2019-02-12T12:00:05+00:00

51 Cranberry Lane is located within the prestigious Highland Gate development in Aurora on a premium lot with 65′ frontage. Congratulations to our buyer clients on the purchase of their new home overlooking the park! The south facing backyard oasis offers ultimate privacy with a stunning Gunite pool by Todd Pools and hot tub with waterfall surrounded by a stone deck and patio. The basement retreat features custom oak wainscotting, a wet bar, fireplace (1 of 3!) and unique lighting. Overall, a beautiful home loaded with charm and character, they’re sure to love it for years.

51 Cranberry Lane, Aurora just sold by Thurston Olsen Real Estate Team Toronto

JUST SOLD! 51 Cranberry Lane – Aurora2019-02-12T12:00:05+00:00
29 01, 2019

Thurston Olsen Toronto Real Estate Update Jan-Dec 2018

2019-02-01T15:59:12+00:00

We hope you’re keeping warm and safe this winter! In an effort to keep you up to date and informed, we have prepared your Toronto Real Estate Update for 2018. Below you will find Toronto sales information for January – December, 2018 compared to 2017.

Do you want the stats for your neighbourhood, or have a question about a specific sale on your street? Reach out and we’ll gladly give you all of the info! info@thurstonolsen.com

Are you curious to know what your home is worth? Give us call at 416.465.7850 and we will be happy to provide you with an opinion of value.

Toronto real estate update 2018 Thurston Olsen Real Estate Team
  • 29,863 homes sold throughout Toronto in 2018
    • 26.5% were detached homes
    • 8.6% were semi-detached homes
    • 54.6% were condos
    • 10.4% were other home types
  • The average price of a detached home decreased 7.1% from 2017 to 2018
  • The average price of a semi-detached home increased 1.0% from 2017 to 2018
  • The average price of a condo increased 8.7% from 2017 to 2018
  • Homes were on the market an average of 20 days in 2018. This increased from 16 in 2017.

Click here to view our Toronto Real Estate Update from Q3 2018.

Thurston Olsen Toronto Real Estate Update Jan-Dec 20182019-02-01T15:59:12+00:00
5 01, 2019

How To Furnish Your First Home On A Tight Budget

2019-02-01T16:02:05+00:00

You’ve just bought your first home, or you’re planning to purchase in the near future. You’re likely on a tight budget, but that doesn’t mean you have to sit on milk crates or sleep on a mattress on the floor. It just means you have to get creative about where to shop for your fashionable finds. Here are seven great places to find fab furniture on the cheap, leaving some money in the bank for those mortgage payments.

SOURCE: blog.remax.ca

How To Furnish Your First Home On A Tight Budget2019-02-01T16:02:05+00:00
3 10, 2018

JUST LISTED! 80 Hastings Avenue – Leslieville

2018-10-03T10:38:44+00:00

Welcome to 80 Hastings Avenue in Leslieville, Toronto.

This stunning detached home is situated on one of the nicest streets in Leslieville.

The fantastic curb appeal is truly enhanced by the covered porch which features modern glass railings, pot lights and classic black and grey trims.

Upon entering 80 Hastings Avenue, you immediately connect with the open concept living space and how perfect it is for entertaining guests. Large windows with beautiful California shutters allow abundant natural light and the expanse of stylish engineered hardwood flooring creates a wonderful flow throughout the home.

The kitchen is absolutely incredible with sleek white cabinetry, fabulous stainless hardware, quartz countertops, stainless steel appliances and a centre island.

There is a custom built workspace and wine rack as well as a walkout to the back deck and yard – ideal for summer barbeques. And not to be missed is the convenience of a nicely appointed powder room.

The second floor of 80 Hastings Avenue includes 3 bedrooms and 2 more bathrooms.

The same impressive engineered hardwood continues throughout this level as do the California shutters. Two of the bedrooms share the convenience of having access to a delightful and spacious 4 piece bath.

The master bedroom is beautiful with his and her closets, a large bay window and a stunning master ensuite appointed with a double sink vanity, stylish cabinetry and a large shower with a glass enclosure.

The lower level of 80 Hastings Avenue features a large well finished rec room, ideal for relaxing with popcorn and a great movie or sporting event.

There is also plenty of space for the kids to play. Down the hall is another room which could be used as a home office or a guest bedroom to suit your needs.

The backyard is gorgeous with trendy horizontal fencing, a generous deck and professionally landscaped gardens with impressive stonework. There is also 2 car parking with easy access off the laneway.

80 Hastings Avenue is just steps from fantastic schools, parks, shops, restaurants and public transit, there is so much to love about this wonderful family neighbourhood.

Move in and enjoy everything that this home and neighbourhood have to offer!

further photos & info: 80hastings.com video

list price: $1,249,000

MLS #: E4265867

JUST LISTED! 80 Hastings Avenue – Leslieville2018-10-03T10:38:44+00:00
11 09, 2018

Toronto house price crash unlikely

2018-09-11T15:13:08+00:00

If you’ve been waiting to buy a home, hoping for a Toronto house price crash, you could be waiting forever. We’re here to help navigate this tricky market, reach out! Here’s what a recent Huffington Post article has to say:

Toronto house price crash unlikely

A recent poll found that half of Torontonians are hoping for house prices to fall, but a new report from Royal Bank of Canada basically says “don’t hold your breath.”

The modest price gains seen in Toronto and Vancouver in August are a “sign of things to come,” RBC senior economist Robert Hogue wrote in a client note.

After year-on-year declines for much of 2018, home sales in Toronto started rising again this summer. They were up 8.5 per cent in August, compared to the same month a year earlier, according to statistics released last week by the Toronto Real Estate Board.

After some downward pressure, prices appear to have stabilized. The average selling price for all housing types in Greater Toronto sat at $765,270 in August, up 4.7 per cent in a year.

“Area buyers hoping that last year’s Fair Housing Plan and this year’s stress test would bring about big price breaks will be disappointed,” Hogue wrote.

“In fact, several of them came to that realization earlier this summer (in light of steady month-to-month increases over the spring) and jumped back into the market.”

While that may be welcome news to homeowners worrying that the growth in the value of their homes has come to a standstill, it’s a disappointment to the half of Toronto residents who — in a recent Angus Reid poll — said they’d like to see house prices fall.

More than a quarter said they’d like to see an outright price crash, of 30 per cent or more. A majority of renters said they are considering leaving the citybecause of housing costs. That’s a sign of the frustration potential homebuyers are feeling in a market where house prices have long grown faster than incomes.

But though they hope for a correction, few poll respondents hold out hope it will actually happen. Sixty-two per cent agreed that government policy will not be able to make Toronto housing affordable “no matter what.”

Construction slowdown

Canada Mortgage and Housing Corp. reported a surprise decline in the number of new homes starting construction in August. The annualized rate of construction fell to just under 201,000 housing units, down from nearly 206,000 in July, according to data released Tuesday. Economists had been predicting a pick-up to around 210,000.

The largest pull-back was in Ontario, while British Columbia has seen a mild rebound, though construction is still below the frenzied pace of 2016 or 2017.

Economists expressed mixed views on the construction slowdown, with some saying the pace of construction is just returning to more sustainable levels from excessive heights.

“Despite two monthly declines, robust levels of residential construction continue in Canada, with a 27-year high for population growth supporting the strength,” Bank of Montreal senior economist Robert Kavcic wrote in a client note.

“While not all regions of the country have experienced the same price pressures as Toronto and Vancouver, many are seeing heightened building activity.”

But CIBC economist Royce Mendes suggested we can expect to see a somewhat slower housing market ahead.

“A more sluggish pace to homebuilding is in line with our expectation that higher interest rates and tighter lending standards turn this former stalwart of growth into a drag on the economy,” Mendes wrote in a client note Tuesday.

keep reading: toronto housing market has stabilized

 

source: huffington post

Toronto house price crash unlikely2018-09-11T15:13:08+00:00
7 09, 2018

Toronto housing market has stabilized

2018-09-07T11:26:37+00:00

The 2018 Toronto housing market has been an exciting one, with ups and downs, we have stabilized through August. Here’s what the London Free Press has to say:

House sign with sold over asking rider.  Ford thurston and Chris Olsen Toronto housing market

Toronto’s housing market kept its footing August as sales gained while prices were little changed, continuing to stabilize after a turbulent year.

Sales jumped 8.5 per cent to 6,839 in August from the same period a year ago, the Toronto Real Estate Board reported Thursday and were up 2 per cent on a seasonally adjusted basis from July. Average prices rose 4.7 per cent from a year earlier to $765,270 but benchmark prices, which measure the value of a typical home, fell 0.5 per cent from July to $764,800.

The housing market in Canada’s biggest city has been stabilizing over the past few months, following a sharp plummet earlier in the year after various government regulations were implemented to rein in prices. The market began to crack in April last year after a foreign buyers tax was put in place but has recovered much of the decline over the past few months.

Toronto housing market August price up 4.7% in 2018 from 2017“Many home buyers who had initially moved to the sidelines due to the Ontario Fair Housing Plan and new mortgage lending guidelines have renewed their search for a home and are getting deals done much more so than last year,” Garry Bhaura, president at the housing board, said in a statement.

Detached homes lagged other housing segments in August, with the benchmark price dropping 1.9 per cent from a year ago to $914,900. Meanwhile, condo apartments led the price gains, jumping 9.9 per cent from last August to $505,500.

Toronto housing market GTA sales rise 8.5%

“Despite the fact the sales remain off the record highs from 2016 and 2017, many GTA neighbourhoods continue to suffer from a lack of inventory,” said Jason Mercer, TREB’s director of market analysis. “This could present a problem if demand continues to accelerate over the next year, which is expected.”

New listings were up 6 per cent from a year ago to 12,166. Active listings rose 8.8 per cent to 17,864, from 16,419 last year.

 

source: london free press

lead image: Ford Thurston

Toronto housing market has stabilized2018-09-07T11:26:37+00:00
31 07, 2018

JUST LISTED! 150 East Liberty Street Suite 1013 – Liberty Village

2018-07-31T15:34:53+00:00

Welcome to suite 1013 at Liberty Place, 150 East Liberty Street, Toronto.

This two level condo is truly special with ample space for entertaining. The main level features a large front foyer, a beautiful kitchen with modern cabinetry, stainless steel appliances and a breakfast bar. The open concept living and dining area is spacious and filled with natural light.  This space features a walk-out to the large south facing balcony where you can enjoy views of the lake and Liberty Village. There is also a powder room conveniently located on this level.

The second level includes a large den that is ideal for a home office.

The den leads into the spacious master bedroom which offers the same south facing views as the main floor. This level includes large closets and a wonderful master ensuite, plus the convenience of a laundry closet with a stacked washer and dryer.

This beautiful condo at 150 East Liberty Street is situated in the heart of Liberty Village.

The Village offers many great shops, restaurants, patios and bars all within walking distance. Underground parking is also included. This location allows for a quick drive to the financial district, the waterfront or to the Gardiner Expressway if you’re headed out of town for the weekend. Liberty Village is just minutes away from Toronto’s Entertainment District and world-class sporting venues such as Scotiabank Arena (formerly Air Canada Centre), BMO Field and Rogers Centre.

150 East Liberty Street features tons of wonderful amenities.

The amenities include a party room, fitness faciities and guest suites. Floor by floor, Liberty Place offers more with their lifestyle amenities. Two floors, dedicated to everything from working out to a detoxing steam, partying to escaping in a new book or surfing the net. The spaces are well-designed with comfort, convenience and your lifestyle in mind.

Move in and enjoy this wonderful space!

further photos & info: 150eastliberty.ca

list price: $669,000

MLS #: C4206541

JUST LISTED! 150 East Liberty Street Suite 1013 – Liberty Village2018-07-31T15:34:53+00:00
25 07, 2018

JUST SOLD! 1101 Woodbine Avenue – East York

2018-07-25T11:26:00+00:00

1101 Woodbine Avenue sold in less than one week in multiple offers after a busy weekend of open houses.

Congratulations to our client on the sale of 1101 Woodbine Avenue! This 2 storey semi detached home is perfect for entertaining with a separate dining room, large kitchen with breakfast nook, and a spacious back yard deck. The new owners will surely enjoy the remainder of the summer under the shade of the mature trees.

1101 Woodbine Avenue Toronto Sold by Thurston Olsen Real Estate Team

The dining room is bright and spacious with lovely engineered hardwood and a large window overlooking the enclosed front porch. The living room features the same engineered hardwood flooring, pot lights and a window overlooking the back deck. The modern kitchen includes stainless steel appliances, ample storage and counter space, California shutters and a large breakfast area which walks out to the spacious back deck.

1101 Woodbine Avenue is perfect for summer barbeques and entertaining guests!

The second floor features a large master bedroom with engineered hardwood flooring, plenty of closet space and a separate sitting area. The second bedroom on this level is also generous in size with a closet and a window overlooking the back garden. The 4 piece washroom on this level includes classic subway tiles and a charming claw foot tub.

The lower level of 1101 Woodbine Avenue is finished!

The finished lower level is an added bonus with a spacious room which can be used as either a bedroom or a rec room depending on your needs. There is also another 3 piece washroom on this level with the added convenience of laundry.

The backyard includes an expansive back deck as well as a lovely back garden which is fully fenced in.

1101 Woodbine Avenue is ideally located just minutes from the subway line for an easy commute as well as so many fantastic shops and restaurants along the Danforth.

additional photos

JUST SOLD! 1101 Woodbine Avenue – East York2018-07-25T11:26:00+00:00
19 07, 2018

JUST LISTED! 1101 Woodbine Avenue – East York

2018-07-19T10:23:55+00:00

Welcome to 1101 Woodbine Avenue, East York, Toronto.

This wonderful home has so much to offer.

The dining room is bright and spacious with lovely engineered hardwood and a large window overlooking the enclosed front porch. The living room features the same engineered hardwood flooring, pot lights and a window overlooking the back deck. The modern kitchen includes stainless steel appliances, ample storage and counter space, California shutters and a large breakfast area which walks out to the spacious back deck.

Perfect for summer barbeques and entertaining guests!

The second floor features a large master bedroom with engineered hardwood flooring, plenty of closet space and a separate sitting area. The second bedroom on this level is also generous in size with a closet and a window overlooking the back garden. The 4 piece washroom on this level includes classic subway tiles and a charming claw foot tub.

The finished lower level is an added bonus.

The lower level of 1101 Woodbine Avenue has a spacious room which can be used as either a bedroom or a rec room depending on your needs. There is also another 3 piece washroom on this level with the added convenience of laundry.

The backyard includes an expansive back deck as well as a lovely back garden which is fully fenced in.

1101 Woodbine Avenue is ideally located just minutes from the subway line for an easy commute as well as so many fantastic shops and restaurants along the Danforth.

further photos & info: 1101woodbine.com

list price: $649,000

MLS #: E4196141

JUST LISTED! 1101 Woodbine Avenue – East York2018-07-19T10:23:55+00:00
18 07, 2018

Thurston Olsen Toronto Real Estate Update Q2 2018

2018-07-18T14:44:49+00:00

We hope you’re having a great summer and enjoying this beautiful city! In an effort to keep you up to date and informed, we have prepared your Toronto Real Estate Update for Q2. Below you will find Toronto sales information for April to June, 2018.

Do you have a question about a specific sale on your street? Reach out and we’ll gladly give you all of the info, info@thurstonolsen.com

Are you curious to know what your home is worth? Give us call at 416.465.7850 and we will be happy to provide you with an opinion of value.

Toronto real estate update April - June 2018 Q2

 

9,101 homes sold throughout Toronto. $865,161 is the average price of a home in Toronto.

2,462 detached homes sold throughout Toronto. $1,027,908 is the average price of a detached home in Toronto.

803 semi-detached homes sold throughout Toronto. $998,707 is the average price of a semi-detached home in Toronto.

4,906 condo apartments sold throughout Toronto. $603,480 is the average price of a condo apartment in Toronto.

Click here to view sales information from Q1 2018.

Thurston Olsen Toronto Real Estate Update Q2 20182018-07-18T14:44:49+00:00