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Sold Properties

Sold: 1048 Broadview #2108

SOLD

1048 BROADVIEW #2108

MINTO SKY

Price: $799,900

Bedrooms: 1+1

bathrooms: 2

Take in The Best Views From Broadview

What was originally a tight, two-bedroom layout, has been transformed into a sprawling space with stunning views. The recently renovated suite features a long list of improvements which include a combination of luxury vinyl and porcelain flooring throughout, refinished kitchen cabinetry, quartz countertops, a custom banquet with added storage, shelving and a tiled feature wall.

The den area doubles as the perfect “work from home” office space and can also be adapted as a nursery or guest room depending on one’s need. A custom cut, “live edge” desk has been installed in the space and blends perfectly with the accented wallpaper.

The main bedroom is large enough to comfortably fit a queen-sized bed, with plenty of space for side tables. The closets are well equipped with built-in organizers and offer ample storage. A four-piece ensuite bathroom completes the space and was recently upgraded to feature a glass enclosure for the shower, tiling throughout and a newly installed vanity.

For the entertainers out there – you’ve got to check out the incredible, open concept living and dining room. There’s over 360 sq.ft of space in between the rooms, connected by floor-to-ceiling windows that flood the unit with natural light. Views of the sun setting over the Don Valley and Brickworks make for the perfect backdrop after a long day… or step out onto your private 100+ sq.ft. balcony and take in the panoramic views!

The condo measures in at over 1000 sq.ft (1029 to be exact), and also includes one locker and one parking spot. Residents have access to a gym, party room and bbq area. There is a front desk concierge for accepting deliveries and greeting guests. Explore the various nature paths nearby, or venture down to the Danforth for a variety of dining options!

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Sold Properties

Sold: 210 Victoria St #2004

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210 victoria st #2004

Pantages Tower

Price: $799,900

Bedrooms: 2

bathrooms: 2

Lights,
Camera,
Action!

Live in the centre of the city at 210 Victoria Street! This two-bedroom, two-bathroom suite measures nearly 920 sq.ft. and features sweeping views of the city from the east to the south.  The floor-to-ceiling windows from this corner unit offers tons of natural light and unobstructed views.  You’re literally front row to Massey Hall, steps to the Eaton Centre and neighbours with the Ed Mirvish Theatre and St. Mikes hospital.

You’ll love the recently upgraded hardwood floors, modern guest bathroom, open concept living room, and two spacious bedrooms. The galley-style kitchen offers ample prep room, stainless steel appliances and loads of storage.  

Guests are greeted by front desk security/concierge and have access to a wide range of amenities in the building. The purchase price includes one parking spot and one locker!

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Sold Properties

SOLD: 21 Forest View Rd.

sold

21 forest view rd.

markland woods community

Price: $1,199,900

Bedrooms: 3+1

bathrooms: 3

A mid-century home fit for a modern world!

Lovingly cared for by the same family for over 50 years, 21 Forest View Rd is looking for a new family to envision its possibilities! Located in the Markland Wood Community, the home measures in a just over 3400 sq.ft. (including basement). The back-split was originally built in the 1960s and sits on a premium 60×143 ft lot. 

Create memories of your own in the large living room, or host family holidays in the lower level family room. The fully fenced in backyard is perfect for the family pet… with ample space for a pool! Three large bedrooms can be found on the upper level! Complete with a five-piece, shared bathroom, and a private three-piece ensuite in the master bedroom. On the lower level, a fourth bedroom or a “work from home” office can be gained, depending on one’s needs. 

The basement comes well equipped with a pool table and bar – ideal for unwinding after a long day. There’s ample storage in the crawl space and even more room in the utility room. 

Rounding out the home is a spacious two-car garage, with room for two other cars in the private driveway. St. Clements elementary school is located directly across the street, along with shopping, highway access and the members-only Markland Wood Golf course all just a short drive away!

 

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SOLD: 11 Charlotte #403

SOLD

11 Charlotte #403

King Charlotte Condos

Price: $599,990

Bedrooms: 1

bathrooms: 1

Live like royalty at King Charlotte

Live in the centre of it all, at King Charlotte! Completed in 2016, this bright and spacious layout features full-length windows and loads of natural light. You’ll love the industrial look and feel of the exposed concrete walls and ceilings. The kitchen features a gas cook-top and well-appointed appliances. There’s even a full four-piece bathroom complete with tub/shower. The large bedroom can comfortably fit a sized queen bed, and also includes a custom organizer in the closet!

The building comes well equipped with a rooftop pool on the 33rd floor, gym, and ground floor concierge. One locker is also included in the purchase price.

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Monthly Market Updates

Toronto Real Estate Market Report – July 2020

So much for a Summer slowdown!

Sales in the city were red hot in July – with a record-setting 11,000 + sales recorded for the month. We haven’t seen that much activity since April 2017. The average price of real estate in the city followed a similar trend hitting a new high (second month in a row) of $943,000. This represents an increase of nearly 17% compared to the same time last year… in a pandemic (crazy, I know).

You can thank the detached housing market for the increase in prices and sales – with a 2020 high of $1,540,000 up 1.3% from June and a whopping 25% from July 2019!

The price of semi-detached homes came down from last month’s high $1,287,000 to $1,181,000 – still up an impressive 20% from last year’s average of $981,000.

Condominium apartments had a lot more activity in July, with a 31% spike in activity than June. However, the increase in activity didn’t translate into much of a price jump, with average prices up only 1.5% compared to the previous month. Year over year, condos saw an 8.7%, which may sound good on its own – but was significantly less than the double-digit appreciation semis and detached houses recorded.

Demand for low rises (detached and semis) seems to be the trend during COVID. We suspect lower interest rates and backyards being the most significant driver to those looking to make a move.

DETACHED HOUSES

1,102 sales took place

208 more homes than the previous month (23% increase in sales)

236 more homes than the last year (27% increase in sales)

The average price of a detached home was $1,541,000

An increase of $17,000 compared to the previous month (1% increase in price)

An increase of $314,000 compared to last year (25% increase in price)

SEMI-DETACHED HOUSES

372 sales took place

109 more homes than the previous month (44% increase in sales)

96 more than the last year (34% increase in sales)

The average price was $1,181,000

A decrease of $106,000 compared to the previous month (8% decrease in price)

An increase of $199,000 compared to last year (20% increase in price)

TOWNHOUSES

393 sales took place

29 more homes than the previous month (8% increase in sales)

65 more homes than the previous year (20% increase in sales)

The average price was $852,000

A decrease of $3,000 compared to the previous month (.3% decrease in price)

An increase of $96,000 compared to the previous year (12% increase in price)

CONDOS

1,689 sales took place

402 more condos than the previous month (31% increase in sales)

72 more condos than the previous year (4% increase in sales)

The average price was $682,999

An increase of $10,500 compared to the previous month (1.6% increase in price)

An increase of $55,000 compared to the previous year (8.8% increase in price)

TRENDS TO WATCH

  1. July saw a lot more activity in the condo market, however, prices continued to hold near levels seen in late 2019/early 2020. If you’re a buyer, this is a great time to be looking at condos as competition is way down.

  2. With most universities and colleges offering online classes only, and out of country students not returning for the September semester, we’ll be watching the impact this has on the already hampered rental market. 

  3. Semis and detached continue to be the most desirable styles of housing in this post COVID world. We’re not seeing this change any time soon!
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Sold Properties

Sold: 80 Virginia Ave

SOLD

80 Virginia Ave.

detached home

Price: $888,000

Bedrooms: 2+1

bathrooms: 3

Envision the possibilities

Envision the home of your dreams at 80 Virginia – complete with front pad parking and a fully fenced in backyard! 

The detached two storey home is ripe for redevelopment amongst its custom-built houses along the street. It currently features two large bedrooms, three bathrooms and two kitchens and sits on a 22 x 105 ft lot. As it nears the end of its useable life, 80 Virginia makes for the perfect opportunity to build a home that suits your needs. Schools, Parks, 

Shopping, restaurants, transit and even Michael Garrison Hospital, are all just a short commute away!

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SOLD: 28 William Carson Cresent #807

SOLD

28 William Carson Crescent #807

Hillside At York Mills

Price: $639,900

Bedrooms: 1+1

bathrooms: 1

Parking/Locker: yes

A Gated Community Feel in an Uptown Location

Escape the daily hustle and bustle of the city in our newest listing at 28 William Carson Cresent. Located in the Uptown neighbourhood of St. Andrews, the condo is quietly tucked away from the chaotic congestion of Yonge St. 

A short ride to the 8th floor is where you’ll find this spacious one bedroom (plus den) apartment. The soaring 9ft ceilings make the condo feel even more extensive than its 760 sq.ft. measurements.

The renovated condo features freshly painted walls, a subway tile backsplash, brand new stainless steel appliances and upgraded flooring. The open concept living and dining areas provide a bright, airy space for entertaining and features a walk-out to the unit’s private, west facing balcony – perfect for unwinding on after a long day!

A unique feature of the suite is it’s incredibly large den – so spacious that it can easily double as a guest bedroom and office at the same time! The master bedroom is equally impressive in size. Complete with walk-in closet and west exposure – you’ll absolutely love starting your mornings here.

Whether you’re looking to stay near home or explore the area – there’s no shortage of things to do. The building features an indoor pool, games room, gym and even an outdoor putting green! And once you’ve perfected your short game, the Don Valley and prestigious Rosedale Vally golf courses are only minutes away. You’re also conveniently located near public transit, the highway, and a wide selection of shopping options at Yonge and Sheppard.

Included in the monthly maintenance fees are the use of one parking spot, one locker, basic cable and principal utilities – heat, A/C, hydro, and water.

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SOLD: 111 St. Clair #814

SOLD

111 St. Clair Ave. West #814

Imperial Plaza Condos

Price: $779,900

Bedrooms: 1 + den

bathrooms: 2

find your work-life balance

Located at the iconic Imperial Plaza, this two-level loft is perfect for the buyer looking to find that work-life balance!

For the entertainer, you’ll love the custom-designed kitchen – complete with quartz countertops, marble backsplash and upgraded (German) appliances. Share a glass of wine or a gourmet dinner on the expansive centre island. There’s tons of built-in storage, to help maintain a clutter-free kitchen. Unwind after a long day, with a front-row view of the skyline to the south. The unobstructed views offer the perfect backdrop to entertaining with friends. A two-piece bathroom rounds off the main level, along with ensuite laundry.

If working from home is your new reality, the separate den on the 2nd level provides a distraction-free space. It’s flexible enough to double as a guest bedroom or home gym and can adapt to your needs. The split layout offers separation from the main bedroom and is a huge asset in today’s times.

A second bathroom is located on the upper level. It features a bathtub and separate shower stall with an upgraded Grohe shower system and a LED mirror.

The spacious bedroom can comfortably fit a queen-size bed, with nightstands on both sides! Double mirrored closets offer ample storage and add to the airy feel of the room. Customized Hunter Douglas motorized can be easily controlled from one of two remotes.

The loft measures in a nearly 850 sq.ft. and features expansive 16 ft ceilings. One locker is also included in the purchase price. Owners have access to an assortment of amenities which include: indoor pool, steam room, games room, well-equipped gym, party room, movie screening room, basketball and squash courts, golf simulator, music studios, concierge and more. You’ll also find an LCBO and Longos at the base of the building!

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Monthly Market Updates

Toronto Real Estate Market Report – June 2020

I think the crystal ball is broken!?!

At the beginning of 2020, all predictions pointed towards a record-setting year. Then COVID happened, and opinions reversed. The lockdowns in April severely skewed the numbers and it wasn’t until the middle of May that we started to see a return to (a new) normal.

June took that momentum and shattered several records for the month! We recorded a historic high for average prices in the city at $930,000 – beating the 2017 record of $920,000. We also saw sales double in June (compared to the month prior) and on average saw properties sell 18% quicker than last month.

The highs continued for the Detached, Semi-Detached and Townhome markets, all recording record-breaking prices for the month. Semi’s and Townhomes hit all-time highs of $1,287,832 and $855,399 respectively.  In the detached market, we hit a new year high, and return to 2017 prices with an average price of $1,523,770.

Condos didn’t fare as well as the other housing segments. We did see a 77% increase in sales for condos in June, but the average price was nearly identical to May with an average price of $672,000 – which takes us back to the numbers we were seeing at the start of the year.

It’s important to remember, we’re still very much in the midst of a global pandemic. One promising month in June does mean the worse is behind us. I think a lot of the growth we saw last month can be attributed to the lack of activity we saw in months prior. I’m most curious to see what the employment landscape looks like in the Fall, and how business can adapt in months ahead.

DETACHED HOUSES

  • 894 sales took place
  • 462 more homes than the previous month (107% increase in sales)
  • 101 fewer homes than the previous year (10% decline in sales)
  • The average price of a detached home was $1,523,770
  • An increase of $101,497 compared to the previous month (7% increase in price)
  • An increase of $191,131 compared to the previous year (14% increase in price)

SEMI-DETACHED HOUSES

  • 263 sales took place
  • 99 more homes than the previous month (60% increase in sales)
  • 70 fewer homes than the previous year (21% decline in sales)

  • The average price was $1,287,832
  • An increase of $144,510 compared to the previous month (12% increase in price)
  • An increase of $232,409 compared to the previous year (22% increase in price)

TOWNHOUSES

  • 364 sales took place
  • 200 more homes than the previous month (121% increase in sales)
  • 8 more homes than the previous year (2% increase in sales)
  • The average price was $855,339
  • An increase of $60,713 compared to the previous month (7% increase in price)
  • An increase of $45,300 compared to the previous year (5% increase in price)

CONDOS

  • 1,287 sales took place
  • 560 more condos than the previous month (77% increase in sales)
  • 210 fewer condos than the previous year (14% decline in sales)
  • The average price was $672,465
  • A decrease of $1,563 compared to the previous month (.23% decrease in price)
  • An increase of $35,859 compared to the previous year (5% increase in price)

TRENDS TO WATCH

  1. Condo prices are starting to level off. I’ve been seeing less bidding wars for them and more supply in the market. We’ll be watching to see what happens to values in July and if they continue to remain the same.

  2. Rents continue to plummet, especially in the condo market. Long gone are the days of multiple offers for rentals. As many AirBnB owners shift to the longer-term market, supply has dramatically increased pushing prices down.

  3. Were the record-setting prices a result of pent-up of demand? Will prices cool off in the traditionally slow summer months? With fewer people travelling, it’ll be interesting to see the impact this has on the Real Estate Market in Toronto.
Categories
Monthly Market Updates

Toronto Real Estate Market Report – May 2020

May traditionally marks the busiest month for real estate in Toronto… this year – not so much. Self-isolation,  social distancing, and the overall uncertainty of the future reduced much of the activity we typically see in May. However, activity did start to pick up towards the end of the month!

April marked the first month of full lockdown, and really set the benchmark for comparison purposes. It’s important to distinguish market activity with pre and post COVID-19 numbers to get an accurate pulse of where the market is heading.

In May – sales, listings, active listings and prices posted much higher numbers than in April. Sales and new listings doubled (over 50%), month over month, and the average price increased to $863,000 (an increase of more than 5%). Speaking from my own experience, I also witnessed a huge uptick in emails, calls and showings on my listings. 

Because context is important, now more than ever, it has to be said that May typically records the highest numbers of the year… but not so in 2020. 

On a year-over-year (YOY) basis: sales were down by over 75% and new listings by 54%. We also saw a 68% increase in days properties sat on the market – a clear indication of a much cooler May. Prices did see a small gain of nearly 3% compared to May 2019, but still much less than the double-digit appreciation we saw in Q1 (January, February and March) of this year!

Detatched Houses

  • 432 sales took place during the month of May
  • 119 more homes than the previous month (38% increase in sales)
  • 748 fewer homes than the previous year (63% decline in sales)

  • The average price of a detached home was $1,422,273
  • Up $172,543 compared to the previous month (13% increase in price)
  • Up $37,280 compared to the previous year (2.7% increase in price)

Semi Detached Houses

  • 164 sales took place during the month of May
  • 38 more homes than the previous month (30% increase in sales)
  • 244 fewer homes than the previous year (59% decline in sales)

  • The average price of a Semi-Detached home was $1,143,322
  • Up $46,000 compared to the previous month (4% increase in price)
  • Up $92,790 compared to the previous year (8% increase)

Town Houses

  • 164 sales took place during the month of May
  • 56 more homes than the previous month (51% increase in sales)
  • 202 fewer homes than the previous year (55% decline in sales)

  • The average price of a Town House was $794,626
  • Up $9,727 compared to the previous month (1% increase in price)
  • Down $1,463 compared to the previous year (0.18% decrease in price)

Condos

  • 727 sales took place during the month of May
  • 245 more sales than the previous month (50% increase in sales)
  • 1,102 fewer condos than the previous year (58% decline in sales)

  • The average price of a Condo was $674,028
  • Up $61,728 compared to the previous month (10% increase in price)
  • Up $31,137 compared to the previous year (4% increase in price)

TRENDS TO WATCH

  1. In April, the Government put a ban on short-term rental services (think AirBnB). As a result, we saw a lot more rental units come to market in the condo sector.  With an oversupply of available units, we saw rent prices come down significantly. The government has lifted its short-term restriction, so we’ll see the impact this may have on the supply of condo rentals.
  2. Canada Mortgage and Housing Corporation (CMHC) is in the process of announcing stricter lending criteria for anyone purchasing with less than 20% down. This could create a mini push for buyers into the market before the new rules take effect.
  3. Bidding wars are back. I’ve seen several houses sell way over asking (and market value) in the last few weeks. Much of this can probably be attributed to the pent up demand from months prior – curious to see if this continues into the traditionally quieter summer months!