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Toronto, ON Real Estate News

By Marina Gavrylyuk, Homes & Condos for Sale in Mississauga and Toronto
(Sutton Group Summit)
There are two main reasons why homeowners invest in a home renovation or major redecorating project: They want to enjoy the results of the new kitchen, bathroom, flooring or other improvement they’ve made; and/or, they hope that the money they spend will come back to them – at least in part – when they sell their home.So which projects are most likely to increase the resale value of a home? A story by Joanne Cleaver, featured on MoneyWatch.com last year, identified five renovation projects that give you the most bang for your renovation buck.Floors. Old, scuffed or dated flooring tends to get noticed by home buyers, regardless of how well the rest of the room is decorated. New flooring — especially stone, ceramic tile and hardwood – can make any room look larger and more inviting.Kitche...
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By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
Record TREB MLS® Home Sales in 2015 TORONTO, January 6, 2016 – The second best sales result on record for December capped off a record year for TREB MLS® home sales in the GTA. Toronto Real Estate Board President Mark McLean announced that there were 4,945 sales reported in December bringing the 2015 calendar year total to 101,299 – a substantial 9.2 % increase compared to 2014 as a whole. Strong annual sales increases were experienced for all major home types last year."Home ownership is a quality long-term investment that families can live in while the value increases over time. A relatively strong regional economy in the GTA coupled with low borrowing costs kept a record number of households – first-time buyers and existing homeowners alike – confident in their ability to purchase an...
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By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
Sales in the Greater Toronto Area were 14 per cent higher in November 2015 compared to a year earlier. The Toronto Real Estate Board says that the 7,385 sales through its MLS was a new record for the month. For the first 11 months of the year there were 96,401 sales, which is also a new record. “Not only did we see a record sales result for November, but with one month left to go in 2015, we have already set a new calendar year record for home sales in the TREB market area, eclipsing the previous record set in 2007.  Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding regions.  This suggests that the demand for ownership housing is widespread, from first-time buyers to long-time homeowners across the GTA,” said president Mark McL...
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By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
The Greater Toronto Area had a record-breaking October for home sales.The Toronto Real Estate Board says that there were 8,804 homes sold through its MLS in the month, up from 8,512 a year earlier. The average price was up 7.3 per cent to $630,876 with prices driven by low rise properties.TREB president Mark McLean was pleased with the results, but warned that the province could hit home sales if it decides to introduce a municipal land transfer tax in addition to the current provincial one.“Recent polling has shown that the great majority of Ontarians oppose this tax and would consider delaying a move if they were forced to bear the additional upfront cost” he said.The GTA's commercial sector is a very different story with a year-over-year decline in space leased of 39.4 per cent to 42...
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By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
Toronto Real Estate Board announced that Greater Toronto Area REALTORS® reported a record number of transactions for the month of September through TREB’s MLS® System. There was a combined 8,200 home sales reported for September 2015. This result was up 2.5 per cent compared to September 2014. TREB MLS® sales through the first nine months of 2015 amounted to 80,331, which also represented a record result and a 9.5 per cent increase compared to the first three quarters of 2014.  We are on track for record home sales reported through TREB’s MLS® System this year. Barring a drastic shift in the economy over the next three months, total transactions reported by TREB Members in 2015 are expected to be at or near the 100,000 mark. This is a testament to the importance that GTA households put ...
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By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Sold in 16 Yonge St., Toronto, ON  - Pinnacle Centre  16 Yonge St. is one of four condo towers in the Pinnacle Centre. It is a great location, in the heart of Downtown Toronto. The unit that was sold is a 2 bedroom corner unit with a split bedroom layout. It has an open balcony with a fantastic West-facing city view. An open concept plan with granite kitchen counters. Also, new wood flooring. It is a short walk to Union Station, the Harbourfront, the Air Canada Centre & the Financial District.  24 hours concierge service. The Pinnacle Club offers indoor and outdoor amenities. State of the art fitness area and weight room, indoor pool, outdoor tennis court, theatre room and business centre.  
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By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Sold in 18 Concorde Place, Toronto, ON - Courtyards Of Concorde  18 Concorde Place is a well managed building.   TTC is at the door, with rush hour buses to Downtown Toronto. At the back of the building are walking trails.  The suite that sold is on the lower penthouse level, approx. 1700 sq. ft. A corner suite that is light filled and with lots of storage. 9 foot ceilings and hardwood floors. The large kitchen opens to the family room that has a ravine view. Spacious walk-in pantry and also an ensuite storage closet.  Living room has a gas fireplace, and opens to a large terrace with gas BBQ hook-up.  This unit comes with two main-floor parking spots on the same level as the lobby and mailroom. It is a pet friendly building.  Amenities include beautiful gardens and gazebo, indoor salt ...
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By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
Do you know ‪#‎Toronto‬'s 20 Top ‪#‎neighbourhoods‬ to live in?The ultimate ranking examined 10 factors for each, assigning them a score out of 100: #housing, ‪#‎crime‬, ‪#‎transit‬, ‪#‎shopping‬, #health and #environment, ‪#‎entertainment‬, ‪#‎community‬, engagement, ‪#‎diversity‬, ‪#‎schools‬ and ‪#‎employment‬.  1. Rosedale-Moore Park2. Banbury-Don Mills3. High Park-Swansea4. Mount Pleasant West5. High Park North6. Wexford/Maryvale7. Mount Pleasant East8. The Beaches9. Mimico10. Casa Loma11. Leaside-Bennington12. Waterfront Communities-The Island13. Agincourt South-Malvern West14. Lawrence Park South15. Lawrence Park North16. Bedford Park-Nortown17. Yonge-Eglinton18. Stonegate-Queensway19. North Riverdale20. Corso Italia-Davenport   
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By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
Greater Toronto Area REALTORS® reported 7,998 residential transactions through the TREB MLS® System in August 2015. This result represented a 5.7 % increase compared to 7,568 sales reported in August 2014. On a GTA-wide basis, sales were up for all major home types.The annual growth rate in new listings was greater than the annual growth rate in sales, but active listings at the end of August were still down compared to last year. This suggests that sellers’ market conditions remained in place, especially where low-rise home types like singles, semis and townhouses were concerned.“Buyers in the GTA remain confident in their ability to purchase and pay for a home over the long term. They see ownership housing as a quality investment that has historically produced positive returns while a...
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By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
One Yonge Street, Toronto, ON One Yonge Street is currently a 25 storey building.It is located at the Waterfront area on Queens Quay East. There are now redevelopment plans for 1 Yonge St. upto 7 Yonge St. In competition with the One Bloor St tower and the AURA tower, this project is considering a 95-storey multi-purpose landmark tower. Some residents feel that 95-storeys is too high, however, the architects counter by saying that it is a natural evolution for the city. It will be interesting to see how the Redpath Sugar Refinery Plant,which is almost across the street at 95 Queens Quay East,will impact the future residents of this area.    Some people see this, as an industrial site and therefore not a desirable residential area. 
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By Diane Plant, Broker, TorontoHomeSearch: Forest Hill Real Estate
(Forest Hill Real Estate Inc, Brokerage)
August 18, 2015 - Greater Toronto Area REALTORS® reported 3,729 home sales through the TREB MLS® System during the first 14 days of August. This result represented an 8% increase compared to 3,453 sales reported for the same period in 2014. For the TREB market area as a whole, sales were up on a year-over-year basis for all major home types. Detached and semi-detached home sales were down in the City of Toronto.While the demand for ownership housing remained strong in the first half of August, the supply of listings continued to be an issue for many would-be home buyers. The number of new listings entered into TREB's MLS® System was up, but by a lesser annual rate compared to sales. This suggests that market conditions were tighter compared to 2014, with more competition between buyers....
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By Digital Digital, full service
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By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
Toronto Blue Jays ..... the excitement builds ….. The Toronto Blue Jays made it to a 10 straight win stretch yesterday, into the first place, in the American League East. This is big news in this city as Toronto has not reached the playoffs since the back to back World Series titles in 1992 and again in 1993, so naturally there is great excitement among the fans.    This afteroon's (August 13th) game at the Rogers Centre is sold out.    
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
Maha's Fine Egyptian Cuisine, LeslievilleWhere: 226 Greenwood Ave, TorontoHours: M-F 8am-7pm, Sat/Sun 8am-5pm, Wednesday closedWhat: Breakfast, Brunch, LunchPhone: 416-462-2703Specializing in Fine Egyptian CuisineSometimes in Toronto the overhyped restaurants with big line-ups don't necessary mean the food is worth the wait. My husband and I came to Maha's for brunch over the weekend. By the time we got here at 9.30am, the restaurant was full and the waiting line was starting for the next round of tables. We peeked over everyone's table to see what others ordered. Since it was our first visit, it was really hard to narrow down our selection. It took 10 mins before we got our table, jumpstarting  with a turkish coffee, and a honey cardamom latte as soon as we sat down. For the main brunc...
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By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
MaRS Discovery District is dedicated to driving economic and social prosperity. It first opened in 2005, with the intent to build one of world’s largest innovation hubs, a 1.5-million-square-foot complex located in the large research cluster, of the many Hospital Research Centres and the University of Toronto Research Centre, in downtown Toronto. MaRS works with a network of private and public sector partners to help entrepreneurs launch and grow their innovative companies to help build the future. Now, Facebook has signed a lease for half a floor at the MaRS Discovery’s District Phase 2 Tower.  Staff will move into this new space from the existing offices in the city, next year and may take more space if its employee numbers increase. Facebook is the first major tenant in recent years ...
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By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
In the Greater Toronto Area, condominium prices have been increasing at a moderate pace, during the past year, However, as buyers find themselves priced out of single-family homes, and if the current pace keeps up, it is possible that we could see an acceleration in condo prices in the second half of 2015. There were 7,656 condominium units sold through the MLS system in the 2nd quarter of 2015, which is a 17% increase in 2015 over 2014. According to the Toronto Real Estate Board, sales growth outpaced growth in listings; and most of the new condominium inventory that came on to the market recently, have been absorbed.  The City of Toronto accounted for 70 per cent of sales in the Greater Toronto Area. The average selling price was $416,728 which is a 6.1 % increase over Q2 of 2014.
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By Rosalind Nicholas, Toronto Condo Real Estate Agent, Toronto ON
(RE/MAX Condos Plus Corporation, Brokerage)
 Buying a property is not always an easy process.  In the Greater Toronto Area, it is a strong Sellers’ market and this makes it more arduous with greater competition between Buyers.   So, the buyer should: - Talk with their Realtor and learn about the market they are buying in. -  Have the finances in order, with a mortgage pre-approval where required.  - Be prepared to recognise certain home defects.  In multiple offer situations bring someone along during showings who has this background.  - In a hot market, be prepared to lose in a bidding war and not let ego or emotion takeover in the negotiation process. 
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
158 Front Condos By Cityzen/Fernbrook.    Register HERE [anne@annelok.com] to Get Platinum VIP First Access Before the Public Sale!      PRIORITY ACCESS & for all the best floor plans, pricing and PRIORITY ALLOCATION will be released this Wednesday July 22!     Coming to St. Lawrence Market neighbourhood, and minutes from the new Pan Am Village. Suites expected to range from 500 - 2500 sqft. 158 Front is a New Condo development by Cityzen, located in the heart of Toronto at Front and Sherbourne, and located minutes from the new PanAm village re-development area. Suites are starting in the 500sqft range, The 158 development will consist of mostly one-bedroom units which will make up 68% of the development. Ideal for investors are the bachelor units, which will make up 10% of the develop...
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
L'Ouvrier, Best Brunch in Toronto Trinity BellwoodsWhere: 791 Dundas St West, TorontoHours: W-F 6pm-12am, Sat/Sun 11am-3pm, 6pm-12amWhat: Weekend Brunch, DinnerWebsite: louvrier.ca/Phone: 416-901-9581  Accessible fine dining for "the working man"As you enter, a full size black and white photo of Second World War workers catches your eye. The space is playful, warm, simplistic, but creative and unique.  Much of those quality are represented by the food they serve with carefully composed ingredients for every dish. The brunch menu selection will satisfy a every palette. It was a tough decision to have to narrow down to one choice.  I tried the potato rosti with smoked lovell springs trout and a generous amount of arugula, sprinkled with sour creme, fried shallots and capers. My husband tr...
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