Thank you so much for all of your help in this transaction, Mark! We first worked with you when I was pregnant and now our daughter is turning 11 this summer! We really appreciate everything you’ve done for us. We have high expectations for professionalism and competence in a real estate agent and you’ve always exceeded it. I am sad to be in the real estate market outside of Ontario, without your support. No one compares.
Deb and Everett
Toronto, a city known for its dynamic lifestyle and diverse real estate offerings, has seen the emergence of a unique housing trend – the hotel/condo hybrid. Combining the comfort of hotel living with the convenience of condominium amenities, these developments offer residents a lifestyle that’s both luxurious and convenient.
In this blog post, we’ll explore some of the noteworthy hotel/condos in Toronto, each bringing its own distinctive charm to the urban landscape.
Location: 183 Wellington St W, Toronto, ON M5V 0A1
Developer: Cadillac Fairview & Graywood Developments
Architect: Kohn Pederson Fox Associates
Year Completed: 2011
Number of Floors: 51
Number of Units: 159
Sizes: 1,397 – 11,000 Sq.Ft.
Features:
Location: 180 University Ave, Toronto, ON M5H 0A2
Developer: Westbank and Peterson
Architect: James Cheng
Year Completed: 2012
Number of Floors: 66
Number of Units: 393
Sizes: 819 – 4,400 Sq.Ft.
Features:
Location: 311 Bay St, Toronto, ON M5H 4G5
Developer: JFC Capital ULC
Architect: Zeidler Partnership Architects
Year Completed: 2012
Number of Floors: 58
Number of Units: 118
Sizes: 1,300 – 11,000 Sq.Ft.
Features:
Location: 50 Yorkville Ave, Toronto, ON M4W 0A3
Developer: Menkes Developments & Lifetime Developments
Architect: architectsAlliance
Year Completed: 2013
Number of Floors: 55
Number of Units: 210
Sizes: 655 – 9,038 Sq.Ft.
Features:
Toronto’s hotel/condos redefine urban living, offering residents a blend of luxury, convenience, and world-class services. Each development brings its own unique character and charm, catering to different tastes and lifestyles. Whether you’re drawn to the opulence of The Ritz-Carlton, the contemporary elegance of Shangri-La, or many offerings of The Four Seasons these hotel/condo hybrids enhance the city’s real estate landscape, providing an elevated living experience for those seeking the best of both worlds. Explore these iconic residences and discover the epitome of sophisticated living in the heart of Toronto.
Connect with us below for more information about any of these hotel/condo projects!
In an era where sustainability and eco-friendly choices are at the forefront, electric vehicles (EVs) have become a popular choice for environmentally conscious individuals… and those sick of paying at the pump!
As more people make the switch to EVs, the question arises: Is it worth installing an EV charger at home? In this blog post, we’ll delve into the considerations that can help you decide if making this investment is the right move for you.
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Deciding whether to install an EV charger at home involves weighing the convenience, cost, and environmental considerations. For many, the benefits of easy charging access, potential cost savings, and a reduced carbon footprint make it a worthwhile investment. If you’re considering making the switch to an electric vehicle, exploring the available incentives and evaluating your specific circumstances will help determine if installing an EV charger at home is the right move for you.
Selling your home is a significant undertaking, and one question that often arises is whether hosting open houses in Toronto is worth the effort and investment. In this blog post, we’ll explore the pros and cons of open houses to help you make an informed decision about whether they are the right strategy for selling your home!
The decision to host open houses when selling your home ultimately depends on various factors, including your comfort level, the local market conditions, and your specific goals. While open houses can provide exposure and valuable insights, they come with potential drawbacks. Carefully weigh the pros and cons, and consider consulting with a real estate professional to determine the most effective strategy for showcasing your home in the competitive real estate landscape.
We first met Mark Savel about 9 years ago and he helped us buy our first property (condo) in Toronto. He was with another brokerage at the time and we followed him to Sage when he moved over. We never even considered going with another agent!
He recently helped us sell that same condo and buy our first detached house and true to form, he was so knowledgeable, helpful and communicative throughout the process. He made everything so easy for us and for that, we are very grateful! He truly went above and beyond. We relied heavily on him for advice and information throughout the process. His patience always helps to make us feel comfortable and confident in our decisions.
We can’t recommend him enough!
Nadia and Derek
We have a long-standing relationshIp with Mark Savel. His professionalism, experience, and amazing communication skills keep us coming back.
Mark understands the real-estate market and the needs of his clients. Mark made what is typically a very stressful experience a very easy and reassuring experience. I would highly recommend Mark Savel as your realtor, he’s the best!
Chris and Kat
I have known Mark for about 10 years now. He sold me the property so it was natural that he would help me sell it. I like Mark because he is honest, straight forward, helpful, and knowledgeable. He knows his stuff and he is a very good negotiator. He also sold my townhouse On Foundry a couple of years ago. Unfortunately I am now living in Milton and I don’t think he works that far but for any investment I want to do in Toronto, Mark will be my guy!!!
Chrisi
My partner and I were first-time home buyers and Mark Savel helped us every step of the way with a great sense of humour and an assurance that we would be able to find our dream condo – and we did! He has an abundance of knowledge and knows exactly what and how to look when surveying a potential property. Whenever we had additional questions, he was a short text or phone call away, and always made sure we were comfortable and confident in the next steps we made. I think we truly lucked out by being able to work with Mark and will always appreciate his dedication to our dream!
Vanessa and Patrick
According to the calendar… this year is almost over. According to November’s market numbers, the craziness continues!
The Toronto Real Estate Market saw a drop in new listings, active listings and overall sales. It also took about 4 days longer (28 versus 24 days) for homes to sell in the city. But between a mid-month lockdown and the seasonality of the year – this didn’t really come as a big surprise.
The average price of a home in the city increased by 13% when compared to the same time last year, bringing us to an average price of $955,615. And for those keeping score… that’s a $116,000 increase since January of this year (not bad during a pandemic).
Every segment of the market saw a drop in sales for November. The detached market had the biggest decline with a 24% drop month over month. However on an annual basis, both detached and semi-detached saw great gains with an 18% and 36% increase for each. Price increases were also the strongest for these two segments up over 8.5% for each.
2020 was definitely NOT the year of the condo! In November, sales were down by more than 4% month over month – and nearly unchanged year over year. Prices followed the same trend – down by 4% month over month and nearly 3% year over year (nearly $20,000 less than the same time last year).
… but it is in the condo market that we see the biggest opportunity. With prices down and supply up, buyers, especially in the downtown core, these next few months offer one of the greatest times to get into the market. A quick MLS search for 1 bedroom condos south of Bloor brought up nearly 150 listings – this time last year, that was practically unheard of!
DETACHED HOUSES
993 sales took place
295 fewer homes than the previous month (24% decrease in sales)
145 more homes than the previous year (18% increase in sales)
The average price of a detached home was $1,477,226
An increase of $6,369 compared to the previous month (0.4% increase in price)
An increase of $116,980 compared to last year (8.6% increase in price)
SEMI-DETACHED HOUSES
336 sales took place
80 fewer homes than the previous month (19% decrease in sales)
89 more than the last year (36% increase in sales)
The average price was $1,160,911
An increase of $6,824 compared to the previous month (.59% increase in price)
An increase of $93,884 compared to last year (8.8% increase in price)
TOWNHOUSES
362 sales took place
47 fewer homes than the previous month (11.5% decrease in sales)
68 more homes than the previous year (23.13% increase in sales)
The average price was $819,752
A decrease of $8,338 compared to the previous month (1% decrease in price)
An increase of $56,454 compared to the previous year (7.4% increase in price)
CONDOS
1,375 sales took place
63 fewer condos than the previous month 4.4% decrease in sales)
7 more condos than the previous year (.5% increase in sales)
The average price was $640,208
A decrease of $27,953 compared to the previous month (4.2% decrease in price)
A decrease of $19,647 compared to the previous year (3% decrease in price)
