6 05, 2016

Toronto House Prices Are Rising By $550 A Day

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Every day you own a detached house in Toronto, your net worth rises by $550.

Or put another way, every day you delay buying a house in Toronto will cost you another $550.

The Toronto Real Estate Board (TREB) reported Wednesday that single-detached home prices hit an average of $1.258 million in April, up a massive 18.9 per cent in a year.

That breaks down to price growth of $16,820 per month, or roughly $550 per day.

That’s for single detached homes in the city itself. The average price for all home types in Greater Toronto rose by $104,000 in a year, to $739,082, up about 16.3 per cent in a year.

Condo owners aren’t seeing nearly the same rate of growth, though. Condo prices in the city rose 7 per cent, to $436,545, and in the suburban 905 region they rose 7.8 per cent, to $343,439.

So if you own a condo in Toronto, you’re seeing price growth of $2,411 per month, or “just” $79.26 per day.

Detached home owners can be forgiven for thinking they’ve won a real estate lottery.

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21 04, 2016

SOLD! 92 De Grassi Street – Leslieville

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Welcome to 92 DeGrassi Street – Visit the Full 92degrassi.com Website >>

This stunning detached home sits on one of the most desirable tree-lined streets in Riverside. The open concept living and dining rooms feature hardwood floors throughout, a wall mounted gas fireplace and large windows allowing for plenty of natural light.

The gourmet kitchen features ample cabinetry, stainless steel appliances, a gas range, granite counters and a centre island complimented by a classic butcher block top. Combined with the family room, this space is perfect for the entire family to gather during dinner preparation or to enjoy when entertaining guests. Walk out to the large back deck and extend meal preparation to the outdoors during barbeque season. There is also a conveniently located powder room on this level.

The second floor boasts an impressive master suite complete with a lovely bay window, hardwood floors, a large walk-in closet with custom California Closets and a 4 piece ensuite with his and her vanities! The second washroom on this level was recently renovated with modern subway tiles, a large tub and a wall mounted vanity. The second bedroom on this level is fantastic with tons of room to sleep or play, hardwood floors, a large double closet also fitted with custom California Closets and a Juliet balcony overlooking the back garden. Afternoon sun fills this room with natural light.

The third level loft is a wonderful space with ample storage, 2 lovely windows and hardwood flooring. Perfect as a bedroom, media room or home office to suit your personal needs!

The basement rec room is ideal for playtime or for movie night for the whole family. High ceilings, quality broadloom and pot lighting enhance this exceptional space wonderfully. Another 4 piece washroom, a laundry room and a bedroom complete this basement perfectly.

The recently added and custom designed front and backyard landscaping include the front porch addition and back deck. This created a home that is one of a kind with a seamless flow inside and out! Move in and enjoy this spectacular residence.

For more information, photos and virtual tours please visit www.92DeGrassi.com or give us a call at 416.465.7850

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