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
28 12, 2018

10 Of The Best Outdoor Skating Rinks In Toronto

2018-12-28T12:09:14+00:00

Lace up everyone, it’s time to skate.

This winter, there will be 53 outdoor skating rinks open in the Greater Toronto Area, so regardless of where you live, there’s a rink (or two) nearby.

A number of rinks are already open with more opening their gates soon, offering Torontonians plenty of spots to get their glide on.

Here are 10 of the best outdoor skating rinks to check out this winter:

Nathan Phillips Square
Skating at Nathan Phillips Square in downtown Toronto is a quintessential winter activity for anyone who lives or is visiting the city. The crowd, the view of city hall, and the fact it’s located in the heart of the city are just a few of the reasons this rink is one of our favourites. Throw in change rooms, washrooms, a snack shop, and skate rentals and you’ve got everything you need for the perfect winter afternoon.

Status: Now open
Where: 100 Queen Street West

Harbourfront Centre’s Natrel Rink
Queen’s Quay is easily one of the most beautiful parts of the city, and skating with a view of the lake and the city skyline is a great way to spend a winter day. Harbourfront Centre’s Natrel Rink offers DJ Skate Nights on Saturdays, and admission is free.

Status: Now open
Where: 235 Queens Quay West

Greenwood Park
For those interested in playing a game of shinny, look no further than Greenwood Park. This large rink is actually the city’s first covered outdoor ice rink. There is also an ice skating trail located beside the ice for those who want to skate at their own pace.

Status: Now open
Where: 150 Greenwood Park

High Park Skating Rink
Nestled into the heart of High Park, this rink offers a skating experience that feels deeply Canadian. Scrimmage under the sky, surrounded by tall evergreens and snow-covered branches of big maple trees.

Status: Now open
Where: 1873 Bloor Street West

Trinity Bellwoods Park
Toronto’s favourite park is still a hotspot, even during the winter months. The park’s outdoor rink is great for a game of pick-up puck or for those looking to unwind with an evening skate. Just make sure to check the rink’s info page to see what days feature public skating or hockey.

Status: Now open
Where: 790 Queen Street West

Hodgson Public School Grounds
There are two skating pads at this spot; one for shinny and one for leisurely skating. A neighbourhood favourite, this is a winter-hub for the community.

Status: Now open
Where: 276 Davisville Avenue

Regent Park South
This Corktown rink is equipped with great overhead lights for those looking to end their day with an evening skate. There’s both public skating and pickup for all skill levels with skate times available for beginners, youth, and adults.

Status: Now open
Where: 480 Shuter Street

Mel Lastman Square
For those living in the North York area who don’t want to trek all the way downtown to get their skate on, Mel Lastman Square is the perfect outdoor alternative. Keep in mind that the rink is unsupervised so skaters will need to bring their own skates.

Status: Now open
Where: 5100 Yonge Street

Ryerson Community Rink
The outdoor Ryerson Rink is tucked away from the hustle of the city and is the perfect place to play a late night game of shinny or go for a leisure skate with friends. Note that the rink is unsupervised so you’ll be skating at your own risk.

Status: Set to open December 1
Where: 50 Gould Street

Ontario Place Skating Rink
Ontario Place is home to a synthetic skating rink. Just imagine getting to skate along the iconic Cinesphere as you take in the picturesque lake and city skyline views.

Status: Now open
Where: 955 Lake Shore Blvd West

SOURCE: DailyHive.com

10 Of The Best Outdoor Skating Rinks In Toronto2018-12-28T12:09:14+00:00
19 10, 2018

5 Things you can do today to increase your home’s value

2018-10-19T10:07:55+00:00

Paint Supplies in a paint tray. 5 ways to increase your homes value

Start Rollin’

One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated. When selecting paint colours, keep in mind that light neutrals appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter’s tape, drop cloths and brushes. So buy a few gallons and get rollin’!

Get Dirty

The power of curb appeal is real. Keep your lawn looking good with regular mowing and clean-cut edging. Low-maintenance landscaping saves you money now and adds value when you sell. It’s no question that shrubs and colourful plants will add curb appeal to any home, but when shopping at your local garden center, make sure that you “think green.” Purchase plants that are native to our region or plants that are drought-tolerant; these require less water and maintenance, which means more savings to you and more green in your wallet.

Garden tools leaning against a wall. 5 ways to increase your homes value
kitchen back splash being updated with white subway tiles. 5 ways to increase your homes value

Swap ‘em Out

Kitchen and washroom renovations can easily cost thousands, so focus on the smaller, more manageable projects. Consider painting your old cabinetry to instantly brighten the space. Replacing the hardware will also make your cabinets look newer and more modern. The backsplash is another design feature that resonates with buyers. When choosing tile, stick with neutral tones and an unfussy design — white subway tile is classic for a reason.

Set the Mood

Nothing kills a mood faster than bad lighting, and if you want to show your home in the best light you will have to do exactly that! A quick and affordable fix is to install light-control dimmers on switches. Not only does this add drama and ambiance in areas such as the dining room and bedrooms, it is also good for energy efficiency. Lighting is particularly important in the bathroom, where it should be warm and bright. Keep lighting even around mirrors to prevent unwanted shadows when you are shaving or applying makeup.

dimmer light switch. 5 ways to increase your homes value

Clean Up, Aisle 5

It seems obvious, but one of the most important things you can do to boost the value of your home is to clean it up. Remember that potential buyers want to see a blank canvas and picture themselves in it. Do a hardcore decluttering session and divide everything you truly don’t need or use into “donate,” “toss” and “sell” piles. With your “sell” items, throw a yard sale or post items on Kijiji to make some extra cash to fund your home improvement projects.

5 Things you can do today to increase your home’s value2018-10-19T10:07:55+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
25 09, 2018

Co-ownership in Toronto may be a good option

2018-09-25T16:11:32+00:00

Not everyone has the foresight to start saving for a down payment from the time you’re handed your very first pay cheque. Nor does everyone have parents who are able to, or willing to help out with the lofty sum required to purchase your first home in Toronto. This is when co-ownership in Toronto starts to look like a great idea – and it can be! If you’re thinking about buying a home, have a look at our home buying guidelines. Here’s what The Globe and Mail has to say about two friends who purchased a home together in Niagara Falls:

co-ownership in Toronto. Hallway of a home with marble shelf and gallery wall

When Shannon Beattie moved into her stately cul-de-sac neighbourhood in Niagara Falls with two other women, her suburban neighbours were wondering what was up. It’s not generally the kind of area where you have roommates.

But they aren’t quite roommates: Ms. Beattie is co-owning the home with a long-time friend and renting out their basement. Thanks to the living situation, she ends up paying $500 a month and gets much more space than her one-bedroom apartment in Toronto, which cost five times as much.

Co-owning is an idea that is starting to catch on as housing prices get further out of reach for new home buyers. Real estate agents and mortgage lenders say they’re seeing more people interested in the idea of splitting a mortgage among two or more people – but they do say that the living arrangement doesn’t work for everybody.

For Ms. Beattie, 34, and co-owner Dawn Vanier, 35, the idea came up while the two were thinking of the best way to buy a home in Niagara Falls, which is itself having a price uptick.

“What you can afford on your own is not a lot,” said Ms. Beattie, who added that Ms. Vanier was looking at moving from a massive 3,500-square-foot house down to a little townhome after a recent separation from her partner.

“We were talking about it over wine one night, and I said ‘what if we bought something together?’”

It started as a casual idea at first, but it turned into reality much quicker and easier than the two of them expected.

Today, the two have their own separate mortgages on the house, meaning that if one decides to sell, they can do so without financially penalizing the other. They live almost exactly like roommates, except that the house is large enough that the two always have their own space when they need it.

“We are roommates – when I refer to her, I say ‘oh my roommate said this or my roommate does that,’” Ms. Beattie said. “All it is, is you have to have much more serious conversations at times.”

Those serious conversations that helped develop their current living situation were aided by the fact that there were already mortgage sellers with experience in co-owning around them.

Meridian Credit Union Ltd., a financial organization that operates in Ontario, even has a mortgage option specifically tailored to co-owning. The company always offered creative mortgages, but they only started branding it as a co-owning mortgage in 2017 when they started seeing increased demand for it.

Jason Davenport, a branch manager at Meridian’s Greektown location in Toronto, said hardly a month goes by where he’s not organizing some sort of creative mortgage for clients. The unique living situations go on and on: two four-person families living together, parents helping their son or daughter buy a home, or just two friends going in on a house together. Sometimes the co-owners split a mortgage evenly, while other times co-owners allocate a part of the house to each owner and set the value of each section.

“This kind of living situation is not uncommon at all now,” said Mr. Davenport, who added that some clients have even asked if more than four people can split a home.

“Ultimately, in a high housing economy, we have to be creative to get access to these spaces.”

He’s been setting up co-owning mortgages for three years, and hasn’t seen any go sour yet. But he does say that a good co-owning situation needs to be preceded by probing conversations that can sometimes be uncomfortable.

“When you put it out, you say ‘this is going to be an awkward conversation for a second,’” said Mr. Davenport, who adds that co-owners need to share a lot: their personal financial information, their thoughts on the value of each part of the home, their plans for the future and what will happen when one person decides to sell.

“For a lack of a better term, it’s a prenuptial on what’s going to happen.”

Essentially, if you’re not able to make compromises, then a co-ownership in Toronto probably isn’t best for you.

That’s what Lesli Gaynor, a real estate agent who specifically caters to co-owners, says.

“The one thing that’s true for anything shared is a notion of being able to be a little more fluid and little more flexible,” said Ms. Gaynor, who has co-owned a home with a friend in the past.

“You have to be able to say, ‘we’ve got a difficult conversation to have, but we’re invested in having it.’”

The payoff is immense when people find the right fit and have those fundamental conversations, she says. She’s seen seniors who are able to share a caregiver and have a better quality of life with more people around. She’s also helped two single mothers who were able to split daily errands such as picking up the kids from school.

Today, she runs a series of “speed-dating” co-owning events in Toronto where people come out and meet others who are looking for a similar shared living situation. It’s more of a lighthearted exercise aimed at helping people realize their own expectations in a co-owning situation, and Ms. Gaynor says more than 50 people showed up to the first event.

Ms. Gaynor says she’s seen a noticeable increase in interest to co-own, and adds that more people are coming to her with realistic plans in place.

With the money saved by living in Niagara, Ms. Beattie and Ms. Vanier were able to renovate their home and reap the benefits of a large house. GLENN LOWSON/GLOBE AND MAIL

Back in Niagara Falls though, Ms Beattie and Ms. Vanier are the only co-owners that they know of. It wasn’t until their story about co-owning was published in a local newspaper that people in their neighbourhood warmed up to them.

“People thought we were real strange when we told them what we were going to do,” Ms. Beattie says with a laugh.

“The neighbours when we moved in – you know two women, a third in the basement … they probably were like, what is going on here,” said Ms. Beattie, who said that the article helped clear things up.

“They’ve all come up to us after the article and said, ‘oh! So this is the situation.’”

There were some sacrifices that Ms. Beattie had to make as well. The hardest part is that she still works in Toronto a couple days a week, and the commute is not the greatest. But over all, the money saved means that they were able to renovate their home and reap the benefits of a large beautiful house. And because their monthly mortgage payment is so low, they’re able to enjoy everything about living in the Niagara region.

“We both drive around in Mercedes’, we go to wineries every weekend, we go out, it’s a nice life,” Ms. Beattie said.

“It’s kind of laughable that people want to interview me about something so simple. It works for us – it might not work for everyone, but I think you’ll see more of it in the future.”

source: globe and mail

Co-ownership in Toronto may be a good option2018-09-25T16:11:32+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
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
1 05, 2018

Leslieville home featured in Toronto Life – 77 Hastings Ave

2018-05-01T15:25:14+00:00

Our recent sale of 77 Hastings Avenue in Leslieville is featured as Toronto Life’s Sale of the Week.

Here’s the full story:

Sale of the Week: The $1.8-million house that proves Leslieville is still ground zero for bidding wars

77 hastings avenue facade leslieville

Address: 77 Hastings Avenue
Neighbourhood: Leslieville
Agents: Ford Thurston and Chris Olsen, RE/MAX Hallmark Realty Ltd., Brokerage

Listed At $1,349,000

Sold For $1,777,077

The property of 77 Hastings Avenue

A detached four-bedroom home near Greenwood Park in Leslieville.

The history of 77 Hastings Avenue

The seller renovated the house in 2016. He’s a solo jet-setter, and he decided the 2,400 square feet of living space was too much for him. He put the house on the market so he could downsize.

Here’s the living room:

77 hastings avenue living room leslieville

77 hastings avenue dining room leslieville
And the kitchen:
77 hastings avenue kitchen leslieville
The family room has doors to the backyard:
77 hastings avenue family room leslieville
There are four bedrooms. Here’s one of them:
77 hastings avenue bedroom one leslieville
And another:
77 hastings avenue bedroom two leslieville
And the master bedroom, with access to a rear-facing balcony:
77 hastings avenue master bedroom leslieville
The master bedroom’s ensuite bathroom:
77 hastings avenue master ensuite leslieville
There’s a rec room in the basement:
77 hastings avenue basement rec room leslieville
Plus another bedroom:
77 hastings avenue basement bedroom leslieville
The backyard has a patio and a shed:
77 hastings avenue backyard leslieville

The fate of 77 Hastings Avenue

The buyers are a couple in their early 30s who work downtown. They were looking for more space for a family and a backyard for their dog. They appreciated the quality of the renovations, and the fact that Queen Street East is located just half a block to the south.

The sale of 77 Hastings Avenue

The agents listed the property at an attractive price point, hoping to generate multiple bids. In the end, there were 16 offers. The seller accepted the highest, at more than $428,000 over asking.

77 Hastings Avenue by the numbers

• $1,777,077
• $4,697 in taxes (approximately)
• 2,400 square feet (approximately, including basement)
• 6 days on MLS
• 4 bedrooms
• 3 bathrooms

source: toronto life sale of the week 77 hastings avenue

property website: 77hastings.com

Leslieville home featured in Toronto Life – 77 Hastings Ave2018-05-01T15:25:14+00:00
25 04, 2018

STAGED & SOLD IN 1 DAY! 305 Warden Avenue – Birch Cliff

2018-07-24T15:03:48+00:00

Welcome to 305 Warden Avenue in Toronto’s Birch Cliff neighbourhood.

305 Warden Ave is a lovely home with nice curb appeal, a stylish open concept living space with abundant natural light, a beautiful bay window, hardwood floors, attractive wood trims and pot lights throughout.

Just sold 305 Warden Ave Toronto Scarborough by the Thurston Olsen Real Estate Team

The kitchen is stunning with warmly hued modern cabinetry, stainless steel appliances including a gas stove, an island with added storage and attractive granite counter tops. All so very comfortable and inviting.

Both bedrooms on the main level of 305 Warden Ave are bright and spacious with hardwood floors, plenty of closet space and large windows overlooking the deck and garden. The master is beautifully appointed and with a large skylight, it is filled with sunlight. There is a 4 piece washroom on this level with a charming claw foot soaker tub.

The lower level of the home includes a large recreation area, a delightful kitchen, another bedroom and a trendy 3 piece washroom. There is also laundry and storage on this level. It is truly an ideal space for whatever your needs may be, perhaps a media and a guest or in-law suite!

The large backyard has a nice deck for entertaining, lots of space for the inspired gardener, or a great family play area. There is also a good-sized storage shed.

With ample parking in the private drive there is the excellent advantage of a detached garage!

305 Warden Ave was staged & sold in 1 day! Congratulations to our wonderful clients on their quick sale! More info & photos here: www.305Warden.com

MLS # E4106208

STAGED & SOLD IN 1 DAY! 305 Warden Avenue – Birch Cliff2018-07-24T15:03:48+00:00
10 04, 2018

JUST LISTED! 77 Hastings Avenue – Leslieville

2018-04-11T15:51:51+00:00

We are excited to welcome you to 77 Hastings Avenue. This detached home sits on a southbound side street in Toronto’s desirable Leslieville neighbourhood.

Welcome to 77 Hastings Avenue in Leslieville

This stunning detached home was essentially rebuilt in 2016 with the finest attention to detail. The builder approached the building code as a minimum suggestion as he maintained much higher personal standards and used the best quality of materials throughout the entire home.

The covered front porch features tongue and groove wood flooring and pot lights. All of the original brick on the front of the home was uncovered and meticulously restored to pay tribute to the heritage of the home.

Upon entering the home, you are met with a lovely front foyer with a large front hall closet.

The open concept living and dining rooms are perfect for entertaining guests. Impressive engineered hardwood flooring throughout and elegant Norwood Heritage windows enhance the space beautifully as does the solid wood staircase.

The kitchen is absolutely incredible with modern cabinetry, quartz countertops, a breakfast bar and top of the line Kitchen Aid stainless steel appliances including a gas stove.

The kitchen leads to the spacious family room which features Norwood Heritage floor to ceiling windows and French doors which lead out to the breathtaking back deck and low maintenance yard.

The master bedroom is perfect and includes four sets of closets, a walk out to a private deck overlooking the backyard, a skylight and a spa like master ensuite.

The second level includes 2 more spacious bedrooms both with hardwood floors, pot lights and large closets, as well as another tastefully renovated washroom which also includes a skylight.

The lower level of this home features an impressive ceiling height throughout, a wonderful large bedroom as well as another washroom, a separate laundry room and a spacious rec room with a separate entrance. A kitchen could be added easily to accommodate a nanny or in-law suite if desired.

This home truly has everything you could ask for including 2 car parking and is situated in the heart of one of Toronto’s most sought after neighbourhoods!

www.77Hastings.com

List Price: $1,349,000

MLS #: E4093707

JUST LISTED! 77 Hastings Avenue – Leslieville2018-04-11T15:51:51+00:00