15 02, 2018

Toronto real estate market off to a good start in 2018

The Canadian real estate market got off to a good start this year with house prices rising in January, as Toronto saw its first gain in six months, according to a bank measurement.

Toronto real estate market off to a good start in 2018

The Teranet-National Bank composite house price index, rose 0.3 per cent last month from December and gained 8.7 per cent in January from a year ago.

That’s up from a 0.2 per cent monthly gain in December, but down from the 9.1 per cent yearly rise that month.

The index measures changes in resales of single-family homes, and each month’s reading is a rolling three-month average to smooth out monthly fluctuations in price.

While the national gauge rose for the second time since a monthly decline in November, only four of the 11 major cities measured on the index saw price increases last month.

Toronto was one of them — rising 0.2 per cent from December — marking its first gain since the middle of last year.

But National Bank economist Marc Pinsonneault warned that it was premature to conclude that home prices in Canada’s largest city have “turned the corner.”

“This firming of home prices in Toronto might reflect a rush to buy with pre-approved mortgages granted before more stringent rules on qualification for uninsured mortgages were applied starting Jan. 1,” he said.

Further increases to mortgage rates could still impact prices in the city, he added.

Toronto’s housing market pulled back last year after Ontario implemented a series of measures such as restricting foreign buyers to cool the once red-hot market.

Last week, data from the Toronto Real Estate Board showed the average selling price of a detached home in Toronto fell almost four per cent in January from a year ago.

The National Bank index reading of an 8.4 per cent gain in Toronto from a year ago is still below the national average.

source: toronto sees first gain

8 02, 2018

Toronto home average price forecast to climb in 2018

The Toronto Real Estate Board expects fewer home sales this year compared with 2017, but the average selling price to climb.

The board is forecasting total sales between 85,000 and 95,000 in 2018.

It says the midpoint of the range suggests total annual sales slightly lower than 2017 when there were 92,394 sales reported through the board’s MLS system.

Meanwhile, the forecast range for the average selling price in 2018 is between $800,000 and $850,000 with the midpoint suggesting a slight increase in the average selling price this year compared with $822,681 in 2017.

Detached Home Prices January 2017 vs 2018

Toronto home sales started last year on a hot streak, but slowed after the Ontario government introduced several measures to cool the market.

The real estate board says it expects year-over-year declines in transactions will be more pronounced in the first four months of this year, but sales are expected to be up compared with last year through the late spring and summer.

Detached Home Price Change January 2017 vs 2018

Source: average prices forecast to climb
All stats from Toronto Real Estate Board.

4 01, 2018

Toronto average home price up in 2017

The Toronto Real Estate Board says home sales in the Greater Toronto Area fell 18.3 per cent last year compared with a record pace set in 2016.

There were 92,394 sales through its MLS system in 2017, down from 113,040 in the previous year.

The board says there were record sales in the first quarter of last year, followed by a decline in the middle two quarters before sales picked up in the last three months of the year.

The average selling price for 2017 was $822,681, up 12.7 per cent compared with 2016.

The board says sales in December totaled 4,930, down from 5,305 in the final month of 2016.

The average price for the last month of 2017 was $735,021, up from $730,125 a year earlier.

source: average home price up

15 11, 2017

JUST SOLD! – 90 Sumach Street Loft 403 – Trefann Court

2 Days on the market, over 2000 square feet, 2 bedrooms, 2 washrooms, and 2 parking spaces!

90 Sumach Street, once home to the Canadian Broadcasting Corporation as a warehouse and design centre was originally used for their archives, studios, rehearsal spaces and workshops. From the brick exterior to the warehouse style windows to the vintage film light in the front lobby, everything about 90 Sumach pays tribute to its history.

Loft 403 is absolutely stunning! Upon entry you are immediately impressed by expansive open concept space. With 2059 square feet of living space plus a balcony, this loft is one of the largest in the building.

True to the definition of a hard loft, this residence features concrete floors, exposed ducts, fluted concrete columns and 14 foot ceilings.

Loft 403 includes extensive premium upgrades and finishes. The kitchen was completely renovated in 2011 with a beautiful mosaic tiled back splash, new cabinets, marble counters and a new sink and faucet. The appliances are second to none and include a 36” Wolfe Range, a Vent A hood vent, a built-in Sub Zero Refrigerator, and a built-in Miele dishwasher. The plumbing and electrical in the kitchen was upgraded at this time as well.

The kitchen overlooks the open concept dining and living rooms making the entire space perfect for entertaining. The floor to ceiling windows offer south views and an abundance of natural light all day long. There is also a walk out to the large balcony which was installed in 2011.

The master bedroom is absolutely stunning with high ceilings, a large walk-in closet and a spa-like master ensuite.

The second bedroom is perfect for a spare room, a home office or even an art studio. Additional upgrades were done in 2014 which include a ton of built in storage.

Both washrooms were upgraded in 2014 with new faucets and toilets and a new shower was installed in the main bathroom. There is also a convenient laundry closet with a stacked Bosch washer and Bosch dryer.

This loft also includes not one but two parking spaces!

The building offers a newly refurbished amenities room, visitor parking, and a fenced dog run. There is also a spectacular rooftop terrace with barbecues where you can take in the incredible west-facing views of the Toronto skyline. Located just steps from Queen Street East, you can enjoy easy access to the TTC as well as tons of great restaurants, shops and bars in the neighbourhood.

10 10, 2017

SOLD OVER ASKING! 35 Boardwalk Drive #115 – The Beaches

Welcome to 35 Boardwalk Drive, a stylish sought after condominium complex in the desirable Beach neighbourhood.

This suite is beautifully appointed. It offers a uniquely spacious and very appealing floor plan with open concept living/dining that is ideal for entertaining. Hardwood floors, crown mouldings and abundant natural light enhance this area while the gorgeous granite counters on the breakfast bar complement to perfection.

The kitchen cabinetry is abundant and the warmly hued wood is lovely with the gleaming granite countertops. The breakfast bar also provides a nice perch for chatting with the chef or lending a hand with dinner preparation!

There are double garden doors leading to a spacious outdoor terrace. In our warmer seasons, this is perfect for additional entertaining space, as the flow inside and out is seamless. The terrace includes a delightful dining area and a very comfy sitting area for relaxing with or without guests. If you enjoy gardening, there is plenty of opportunity to exercise your green thumb.

The spacious master bedroom is wonderfully completed with a stunning chandelier, custom California shutters and a quiet sitting area overlooking the terrace. An ideal spot for a cup of tea while reading your favourite novel. There is also a four piece ensuite and a custom fitted walk-in closet. A large double closet and a repeat of the custom California shutters are features of the second bedroom. It also overlooks the terrace and is ideal as a den, office or guest room – the option is there to fit your lifestyle needs. There is a second bath with a spacious glass shower.

#35 Boardwalk Drive is understandably a much sought after address. With plenty of neighbourhood activities, good restaurants, trendy boutiques, parks and the waterfront at your doorstep, it is a location that is ideal for all ages. The complex offers 24 hour concierge, an elegant spacious foyer with fabulous garden views, meeting and party rooms, and a fitness facility. There is also an underground parking space, a locker, good guest parking and a guest suite which is available to accommodate additional overnight guests. All of this, an easy commute to the downtown core and with easy access to major thoroughfares and public transit.

A wonderful place to call home!

10 10, 2017

JUST SOLD! 605 Craven Road – Leslieville

605 Craven Road is a wonderful detached home situated in the sought after neighbourhood of Leslieville! Spacious living room with a lovely sunroom overlooking the tree tops. Recently renovated kitchen and 2 large bedrooms!

10 10, 2017

SOLD OVER ASKING! 400 Adelaide Street East #304 – Moss Park

Welcome to Suite 304 in the Ivory on Adelaide!

The interior of this stunning corner suite features modern style flooded with natural light from its east and south exposure.

The welcoming foyer includes a large closet to tuck away every coat, shoe and accessory.

The open concept kitchen is perfect for entertaining. It features stainless steel Whirlpool appliances, additional cupboards to create a bar station, and an upgraded quartz countertop that will seat 6.

The balcony is outfitted with wood decking and is perfect for a relaxing evening outside taking in the city views.

The living room is filled with natural light all day long with east and south facing floor to ceiling windows.

Sharing the wonderful light is the master bedroom with floor to ceiling windows. There is a customized closet with room for every treasure. The 4 piece ensuite washroom features a floating vanity and Moen fixtures.

The 4 piece washroom is lovely with Moen fixtures and a wall mounted storage area in addition to the modern floating vanity.

The second bedroom is a fantastic space to wake up in as the sun seeps in through the floor to ceiling windows. There is a large double closet with sliding door. This room could also be used as a den, home office or media room.

Move in and enjoy this gorgeous space!

LIST PRICE $699,000

31 07, 2017

JUST SOLD! 70 Roseheath Avenue – East Danforth

This large semi detached home has been lovingly cared for and meticulously maintained. The covered front porch is a wonderful space to enjoy a morning coffee and enhances the curb appeal of this wonderful residence.

The open concept living and dining rooms boast hardwood floors throughout and large windows allowing for plenty of natural light. The spacious eat in kitchen has plenty of cabinetry and enough room for a large centre island or a second dining area if desired. There is also a walk out to the fenced in backyard. Perfect for barbeque season in the summer months!

The second level features 3 large bedrooms and a 4 piece washroom. The master bedroom includes a beautiful Bay window to let in the morning sun, hardwood floors and ample space for a sitting area as well.

This home also features a full basement with plenty or room for storage and laundry and there’s even a detached garage!

Perfectly situated on a lovely street in a great family neighbourhood, 70 Roseheath Avenue is just minutes from so many great shops and restaurants along The Danforth. Move in and enjoy everything that this home has to offer!

14 03, 2017


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Working with esteemed designer Alicia Sass, we proudly offer complimentary staging to all of our clients.

7 03, 2017

Toronto Ranked One Of The Most Innovative Cities In The World

Toronto was ranked as one of the most innovative cities in the world, according to a new report from the Melbourne-based organization 2thinknow.

According to the 2016-2017 Innovation Cities Index, Toronto ranked eighth out of 500 cities worldwide.

As CTV News reports, 2thinknow grades each city in three categories – cultural assets, human infrastructure and networked markets – to determine its overall potential for fostering innovation.

London, New York and Tokyo took the top three spots, respectively. Montreal came in at 19 and Vancouver ranked 24th.

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