A Cool Start to the Year—But Don’t Let That Fool You
If you judged 2025 by January alone, you might think we were in for another sluggish year. Realtors reported 3,847 home sales through TRREB’s MLS® System, which marked a 7.9% decline compared to January 2024. But zoom in and you’ll see a different story: seasonally adjusted sales actually increased from December 2024. Momentum, it seems, is starting to build.
On the supply side, there’s been a dramatic shift. New listings surged 48.6% year-over-year, reaching 12,392. This uptick suggests that sellers are feeling more confident heading into the spring market, giving buyers more options to work with.
Price Trends Show Stability, Especially for Single-Family Homes
While transaction volumes dipped, prices remained surprisingly steady. The average selling price across the GTA hit $1,040,994, up 1.5% compared to the same time last year. The MLS Home Price Index Composite Benchmark also posted a modest gain of 0.44% year-over-year.
What does this mean? In a word: balance. Condos remain plentiful and price growth is muted. But for single-family homes, especially in tight-supply pockets, values are inching upward. TRREB expects this trend to accelerate as borrowing costs continue to ease.
TRREB’s 2025 Forecast: More Sales, Moderate Price Growth
If January is the warm-up, the rest of 2025 could be the main event. TRREB forecasts 76,000 total home sales this year—a 12.4% increase over 2024. This optimism stems from one major factor: lower mortgage rates.
More affordable borrowing means more would-be buyers will step off the sidelines. TRREB anticipates the average GTA home price will reach $1,147,000 by year-end, a 2.6% bump that keeps pace with inflation.
This isn’t a return to bidding-war chaos—and that’s a good thing. It’s a sign of a healthier, more sustainable market.
The Bigger Picture: Supply, Confidence, and Collaboration
Beyond numbers, TRREB’s annual outlook highlights a structural message: Toronto needs more diverse housing.
From purpose-built rentals to townhomes and multiplexes, the GTA’s future depends on supply that fits real-world budgets. TRREB President Elechia Barry-Sproule emphasized the need for “missing middle” options, while CEO John DiMichele pointed to the hurdles: development charges, taxes, and red tape that slow down new builds.
If affordability and traffic congestion are interconnected challenges, then coordinated solutions are the only way forward. We need policy that encourages building — not barriers that stall it.
What This Means for Buyers and Sellers Right Now
With inventory up and prices still relatively stable, the early-year market presents real opportunity for both buyers and sellers.
For buyers: now is the time to revisit that mortgage pre-approval, build your wishlist, and line up financing ahead of a likely busier spring.
For sellers: increased listings mean more competition. Proper pricing, presentation, and marketing matter more than ever. If you’re thinking of moving, acting early might just give you an edge.
Curious about how these trends affect your specific neighbourhood or property type? Let’s connect—we’re always happy to translate market shifts into smart real estate moves.
My husband and I had the pleasure of having Joey Virgilio as our realtor, and I can’t say enough about the exceptional service he provided.
From the moment we began our search for a new apartment, he demonstrated a deep commitment to ensuring we found the perfect place for us. Joey went above and beyond to guide us through every step of the process. He meticulously reviewed all documents, making sure everything was correct and thoroughly explained any details we needed clarification on. His knowledge and attention to detail instilled confidence in us throughout the entire transaction.
What truly set Joey apart was his proactive approach. He took the initiative to call the new place we were considering to guarantee our move-in would be scheduled seamlessly. Additionally, his willingness to provide us with a ride to one of the properties we were visiting demonstrated his genuine dedication to making our experience as smooth and stress-free as possible. Overall, Joey exceeded our expectations in every aspect.
His professionalism, expertise, and personalized approach made this journey a truly enjoyable one. I would highly recommend him to anyone in search of a dedicated and reliable realtor.
2024 ended with more listings, a little more movement, and still a whole lot of waiting. While many hoped for a year of price rebounds, what we got was something far more nuanced: a market full of choice, cautious optimism, and plenty of negotiating room—especially in the condo space.
So, what did December numbers—and the year as a whole—really tell us?
Let’s dig in.
Toronto’s December Market at a Glance
Sales + Listings Snapshot
December closed out with 3,359 home sales across the GTA—a slight dip compared to the same time last year. That said, new listings continued to rise, extending the fall trend of a market that’s heavy on supply and light on urgency.
Prices Stay Subdued
The average selling price for December sat at $1,067,186, down marginally year-over-year. The MLS® Home Price Index Composite Benchmark ticked up by less than 1%, pointing to price stability, not growth.
In short: prices didn’t crash, but they didn’t climb either.
2024 in Review – A Market Defined by Caution and Choice
Year-End Totals
Total 2024 sales: 67,610 (↑ 2.6% from 2023)
New listings: 166,121 (↑ 16.4%)
Average price: $1,117,600 (↓ 0.8%)
Inventory grew at a much faster pace than buyer activity. The result? More selection, more time to make decisions, and more leverage for those who were ready to buy.
Why Buyers Held the Upper Hand
Two words: interest rates.
High borrowing costs remained a major hurdle for much of the year. While many homeowners stayed put, buyers were only willing to act when the price—and the carrying cost—was right. That restraint kept prices in check and pushed sellers to meet the market.
Houses Held Strong—Condos, Not So Much
Detached and Semi Sales Rebounded
Ground-oriented homes saw a modest bounce. In fact, single-family home sales were up in 2024—especially in the 416, where family-friendly inventory remains tight. Prices here held up better thanks to ongoing demand and less investor involvement.
Condos Took a Hit
The condo market, on the other hand, faced a tougher climb. Many first-time buyers continued to wait for deeper rate cuts, while investor interest waned under the pressure of high holding costs.
Bottom line: it was a soft year for condos, especially in the downtown core.
What Changed Mid-Year? Two Words: Interest Rates
The Bank of Canada issued two back-to-back rate cuts in the second half of 2024—moves that many hoped would reignite activity. And while the full impact hasn’t played out yet, it did shift buyer sentiment.
By year-end, some sidelined buyers began to re-engage—but cautiously. The next few months will show whether this was just window shopping or the start of a stronger market push.
What’s Next in 2025?
If borrowing costs continue to fall and prices remain below historic peaks, we could be in for a more active spring. That said, the gap between buyer expectations and seller reality hasn’t closed yet.
Expect condo prices to stay soft for now, while detached homes in desirable areas may attract more competition as affordability improves.
A few trends we’re watching:
Renewed interest in pre-construction condos (if incentives return)
Toronto’s real estate market didn’t boom or bust in 2024—it reshuffled.
With buyers calling the shots and sellers recalibrating, we’ve entered a phase that rewards patience, planning, and professional advice. Whether you’re considering upsizing, downsizing, or entering the market for the first time, early 2025 may offer one of the most balanced playing fields we’ve seen in years.
Ready to Make a Move?
If you’re thinking of buying, now might be one of the most negotiable markets we’ve seen in a while. And if you’re selling, strategy matters more than ever. Get touch with us by leaving a comment below!
According to the calendar… 2024 is nearly in the rearview. According to the data? The recovery may have already begun.
In November 2024, GTA home sales shot up 40.1% compared to the same time last year, clocking in at 5,875 sales. While new listings also increased, they rose by a much softer 6.6%—tightening market conditions and pushing average prices upward. The average selling price across the GTA reached $1,106,050, up 2.6% year-over-year.
On a seasonally adjusted basis, November also showed an uptick from October, suggesting that buyer confidence is returning earlier than expected.
Detached Homes Lead the Way
It’s detached homes that are doing the heavy lifting. With lower borrowing costs easing monthly payment pressure, many buyers are upgrading from condos or entering the market directly into low-rise homes.
The result? Detached properties, particularly in the City of Toronto, saw price growth that outpaced inflation. This segment continues to outperform as buyers prioritize space, privacy, and long-term value.
Condos Still Soft, But Opportunities Are Brewing
While freehold homes heat up, condos remain cool. Average prices for condominium apartments are still lower than a year ago—largely due to continued high inventory.
But here’s the upside: buyers have more negotiating power than they’ve had in years. This opens a window for renters who’ve been watching mortgage rates with interest. As borrowing costs continue to trend downward, we may see condo demand quietly rebound heading into spring.
What’s Driving the Shift?
The stage was set in early 2024: inflation finally began cooling, and with it came the start of a downward trend in borrowing costs. After months of waiting, many buyers are stepping off the sidelines.
Add in lower average prices (still well below peak levels), and the result is a more accessible market—with pent-up demand ready to ignite.
What This Means for Buyers and Sellers
If you’re a buyer, be strategic. Detached homes are tightening quickly, especially in prime pockets of Toronto. If you’ve been eyeing a condo, this may be your best shot to secure a deal.
For sellers, especially those in the low-rise segment, the outlook is promising. With fewer listings and more active buyers, properly priced homes are drawing attention—and offers.
Chart: GTA Market by the Numbers (Nov 2023 vs. Nov 2024)
Metric
Nov 2023
Nov 2024
% Change
Home Sales (GTA)
4,194
5,875
+40.1%
New Listings
10,874
11,592
+6.6%
Avg. Selling Price (All GTA)
$1,078,900
$1,106,050
+2.6%
MLS HPI Benchmark
↓ sharper drop
↓ just 1.2%
Improving
Looking Ahead – What Will 2025 Bring?
Will the Bank of Canada make further cuts? Will condo inventory finally shrink? Can first-time buyers take advantage of winter pricing before the usual spring surge?
The signs are pointing to an earlier-than-expected rebound. And while interest rates and inflation remain moving targets, buyer optimism is trending up.
Final Thoughts + What You Can Do Next
November’s market offered a glimpse of what 2025 might hold: more activity, tighter inventory, and renewed confidence. If you’re planning to make a move, now’s the time to build a strategy.
Hey there, Toronto property owner! If you’re scratching your head about the Vacant Home Tax (VHT), you’re not alone. As someone who’s spent countless hours researching and writing about Toronto’s Real Estate scene, I’m here to break down everything you need to know about this hot topic in our city’s housing policy.
What’s New with the Vacant Home Tax in 2025?
Let me start with some fresh updates that might affect your wallet: Toronto has increased the VHT rate to 3% of your property’s Current Value Assessment for 2024. That’s right – if you’ve got a $1 million property sitting empty, we’re talking about a $30,000 tax bill. Yikes!
But don’t panic just yet. I’ll walk you through everything you need to know to either comply with or legitimately avoid this tax.
Key Program Changes for 2024-2025
The City of Toronto has just rolled out some major updates to the VHT program. Here’s what’s changing:
Extended Declaration Period: You now have from November 1, 2024, to April 30, 2025, to submit your declaration
Increased Tax Rate: The rate has jumped from 1% to 3% of your property’s Current Value Assessment
New User-Friendly Portal: Launching November 1, 2024, making declarations easier than ever
Multilingual Support: A dedicated Customer Care Centre through 311 offering support in 180 languages
Email Confirmations: You’ll receive confirmation of your declaration via email (if provided)
What Counts as “Vacant”?
A property is considered vacant if it was unoccupied for more than six months during the previous year and it was NOT your principal resident. Now heres where it gets confusing, so to keep it simple, heres 2 considerations to ask yourself:
Is the property considered your principal residence for at least 6 months
If it’s not – was it occupied or was it vacant during last calendar year for longer than 6 months?
If it is NOT your principal residence and HAS been vacant for 6 months or more THEN ITS CONSIDERED VACANT. Important to note, it doesn’t have to be a continuous 6 months either. It can be spread across the year – important for those with short term rentals.
If it IS your principal residence, and as long as a property remains your principal residence, you can declare the occupancy status as occupied and the tax will not apply. This applies even if you leave for extended periods of time due to travel or work (e.g. snow birds). To claim this occupancy status, the property must be your principal residence for at least six months of the taxation year. Also, don’t try an be smart – You can only have one principal residence.
But don’t panic – there are several valid exemptions!
Legitimate Exemptions (Yes, They Exist!)
Here are some situations where you might be off the hook:
Medical Care: If you or your tenant is receiving long-term medical care and is out of the house for it.
Principal Residence: The property was your main home
Death of Owner: The property owner passed away during the year
Renovations: Major renovations with valid permits (but there are specific requirements)
Legal Issues: Court orders preventing occupancy
Transfer of Legal Ownership: Property was sold during the year
Provide any supporting documentation if claiming an exemption
Submit and keep your confirmation number Pro Tip: Keep your confirmation number! The city has made this easier by providing email confirmations or printed confirmations upon request.
What Happens If You Don’t Comply?
I hate to be the bearer of bad news, but the consequences of non-compliance are steep:
Fines starting at $250
Potential tax rate of up to 3% of your property’s value
Risk of audit
Legal penalties for false declarations
Disputing a Vacant Home Tax Assessment
If you believe you’ve been incorrectly assessed, you have until December 2025 to submit a Notice of Complaint. Here’s what you need to do:
Gather your evidence
Submit your Notice of Complaint form
Provide supporting documentation
Wait for the review decision
Need Help? Where to Get More Information
Still have questions? Don’t worry, we’ve all been there. Here are your best resources:
This beefed-up VHT program is Toronto’s way of saying “let’s get serious about housing.” The goal? To nudge property owners toward renting or selling their vacant properties, ultimately feeding into the city’s affordable housing initiatives.
Remember, whether you’re a seasoned property owner or new to the game, staying on top of these requirements isn’t just good practice – it’s essential for avoiding costly penalties. Keep these dates in your calendar, and make sure you’re ready to declare when the time comes.
Want to stay ahead of the curve? Start gathering your documentation now and keep an eye out for that online portal launch in November. Your future self (and wallet) will thank you.
Frequently Asked Questions (FAQ)
General Questions
Q: Do I have to declare even if I live in my property?
A: Yes! All residential property owners in Toronto must declare annually, even if you live in the property as your principal residence.
Q: What is the tax rate for 2024?
A: The Vacant Home Tax rate has increased to 3% of your property’s Current Value Assessment (CVA), up from the previous 1%.
Q: How many properties in Toronto need to declare?
A: Approximately 820,000 properties within Toronto require an annual declaration of occupancy status.
Declaration Process
Q: When can I submit my declaration for 2024?
A: The declaration period opens November 1, 2024, and runs until April 30, 2025.
Q: What happens if I miss the declaration deadline?
A: While late declaration fees are currently waived, your property could be deemed vacant by default. It’s best to declare on time to avoid any complications.
Q: How do I get proof of my declaration?
A: You can:
Receive an email confirmation (if you provide your email address)
Print or save the confirmation page with your confirmation number
Request a printed confirmation by calling 311
Property Status Questions
Q: How long can my property be empty before it’s considered vacant? A: A property is considered vacant if it’s unoccupied for more than six months during the calendar year, unless it qualifies for an exemption.
Q: Does the six-month period need to be consecutive? A: No, the six months don’t need to be consecutive. The total time throughout the year is what counts.
Q: What if I’m traveling but this is my main home? A: If the property is your principal residence, it’s exempt from the Vacant Home Tax even if you’re away for extended periods.
Payment and Financial Questions
Q: When do I need to pay the Vacant Home Tax? A: For 2024, payments are due in three installments:
September 15, 2025
October 15, 2025
November 17, 2025
Q: How much revenue does the tax generate?
A: The program generated $56.5 million in 2022 and $50.6 million in 2023. With the new 3% rate, the city expects approximately $105 million annually.
Exemptions and Special Cases
Q: Will the city check my utility usage to verify occupancy?
A: While utility data may be used in audits, it’s not the primary verification method since approximately 45% of residential properties don’t have individual meters.
Q: What if I’m renovating my property?
A: Properties under renovation with proper permits may qualify for an exemption. Be sure to maintain all documentation related to your permits and renovation work.
Support and Help
Q: How can I get help with my declaration?
A: You have several options:
Call 311 to reach the dedicated Customer Care Centre (support available in 180 languages)
Visit Tax and Utility counters at Toronto City Hall or civic centres
Use the online portal at toronto.ca/VacantHomeTax
Q: What if I disagree with my tax assessment? A: You can submit a Notice of Complaint until December 2025 for the 2024 tax year. Be sure to gather all supporting documentation before submitting your complaint.
Program Impact
Q: What happens to the money collected from this tax?
A: Revenue supports various housing initiatives including:
The HousingTO Plan
Toronto Community Housing Corporation improvements
The Multi-Unit Residential Acquisition (MURA) program
Other affordable housing initiatives
Important Disclaimer
⚠️ Please Note: While we strive to keep this guide up-to-date, tax regulations and programs can change. This article is for informational purposes only and should not be considered legal or financial advice. The information provided is based on the City of Toronto’s Vacant Home Tax Program as of November 2024.
For the most current and authoritative information about the Vacant Home Tax Program, including:
As we transition from fall to winter, the Toronto real estate market is showing renewed signs of life! October has brought a refreshing change, characterized by increasing transactions, shifting inventory, and evolving market dynamics. In the latest episode of our ongoing real estate series, Mark and Joey dive deep into the numbers to decipher what the current market trends indicate for the upcoming months. Here’s a summary of October’s real estate market highlights and future projections based on the duo’s insights, or follow along in the video below:
Toronto’s October Market Overview
We kick off the discussion with the notable resurgence in Toronto’s sales, marking a significant 44% increase. While media reports couldn’t seem to say enough about the “whopping” growth, Mark cheekily substituted the term with “double chocolate chunk cookie” in his readings to lighten repetitive coverage and offer an entertaining take on serious developments.
Sales Surge and Inventory Insights
The data reveals October as the third busiest month for transactions, with a reported 6,658 sales, jumping from the mid-high 4,000s seen in previous quarters. Notably, this shift is understood as a carryover from September’s transactions, which only firmed up in October due to procedural delays like financing and home inspections. Despite new listings dropping by around 15%, there remains an active presence in the market with around 24,000 active listings.
For buyers and sellers navigating these waters, the continuation of a buyer-friendly market remains uncertain, with predictions suggesting a potential shift towards sellers as we inch closer to 2025.
Price Trends and Market Segments
Average prices have experienced a modest but promising increase of 1.5% month-over-month, and a considerable 10.5% from January to October. Within market segments, condos have demonstrated resilience, recording a 34% year-over-year increase in sales, alongside a 46% rise for semi-detached homes.
Townhomes too saw a notable boost, with average prices crossing the million-dollar mark. New mortgage rules, anticipated to be implemented by mid-December, may further impact the townhome segment by facilitating greater accessibility for buyers through lowered down payment requirements on high-value properties.
Market Dynamics and Projections
Despite these positive signs, days on market have remained at 43, suggesting a potential cleanup of existing inventory rather than a complete market revitalization. Mark and Joey highlight that while firm trends are beginning to emerge, the market is not yet seeing the explosive growth of past years; instead, a steady increase points towards a healthier balance in the future.
Reflecting on months of inventory, an essential market indicator, Joey notes a dramatic decrease across almost all housing types, moving several segments back into a seller’s market. This rebound signifies a tightening inventory conducive to increased competition and dynamic pricing.
Conclusion
As we advance into the winter months, Toronto’s real estate market is poised for a cautious but promising revival. With sensitively optimistic projections, Mark and Joey foresee the potential for a more stabilized market by mid-2025, potentially favoring sellers if current trends persist. This measured growth contrasts sharply with the previous year’s volatility and suggests a healthier, more sustainable market dynamic on the horizon.
P.S. Don’t forget to subscribe to our newsletter for more real estate insights and market updates!
Are you looking to maximize your real estate investment returns? Understanding key financial metrics is crucial for making informed decisions in the property market. In this comprehensive guide, we’ll explore six essential calculations that every savvy real estate investor should master, complete with practical examples to illustrate their application.
1. Net Operating Income (NOI): The Foundation of Property Profitability
Net Operating Income is the cornerstone of any income-producing property’s financial health. It represents the annual income generated by the property after deducting all operating expenses.
Formula: NOI = Total Revenue – Operating Expenses
Example: Imagine you own a small apartment building:
This metric measures the annual cash flow relative to the initial cash invested, making it particularly useful for comparing properties with different financing structures.
Formula: Cash-on-Cash Return = (Annual Cash Flow / Total Cash Invested) x 100Example: Assume you purchased the same property with a 25% down payment:
GRM helps quickly estimate a property’s value based on its gross rental income.
Formula: GRM = Property Price / Annual Gross Rental Income
Example:
Property Price: $1,000,000
Annual Gross Rental Income: $120,000
GRM = $1,000,000 / $120,000 = 8.33
This GRM suggests that it would take about 8.33 years of gross rent to pay for the property. Lower GRMs generally indicate more attractive real estate investments.
6. Return on Investment (ROI): Measuring Overall Profitability
ROI measures the overall profitability of an investment, taking into account all sources of return.
Formula: ROI = (Net Profit / Total Investment) x 100
Example: Assume after one year:
Net Cash Flow: $30,000
Appreciation: $50,000
Equity Buildup (loan principal paid): $15,000
Total Profit: $95,000
Total Investment (down payment): $250,000
ROI = ($95,000 / $250,000) x 100 = 38%
This impressive 38% ROI reflects strong cash flow, appreciation, and equity buildup in the real estate investment.
Pro Tips for Using These Calculations
Create a Property Analysis Spreadsheet
Input these formulas
Compare multiple properties
Track actual performance
Consider Market Context
Local real estate trends
Property condition
Neighborhood growth potential
Use Multiple Metrics
Never rely on one calculation
Compare results across metrics
Update calculations quarterly
Common Mistakes to Avoid
❌ Forgetting to include all expenses in NOI calculations ❌ Using incorrect property values for cap rate ❌ Overlooking future capital expenditures ❌ Assuming best-case scenario numbers
FAQ About Real Estate Investment Calculations
Q: Which calculation is most important? A: Start with cap rate for initial analysis, then verify with cash-on-cash return for a complete picture.
Q: How often should I update these calculations? A: Review quarterly for existing properties and before any new purchase.
Q: What tools can help with these calculations? A: Popular options include Excel, real estate investment apps, and property management software.
Q: How often should I update these calculations? A: Review quarterly for existing properties and before any new purchase.
Q: What tools can help with these calculations? A: Popular options include Excel, real estate investment apps, and property management software
Conclusion: Empowering Your Real Estate Investment Strategy
Mastering these six essential real estate investment calculations will empower you to make more informed decisions, compare opportunities effectively, and better assess your property portfolio’s performance. By incorporating these metrics into your investment strategy, you’ll be well-equipped to navigate the complex world of real estate investing and maximize your returns.Remember, while these financial metrics are invaluable tools for any real estate investor, they should always be used in conjunction with thorough market research and due diligence. Happy investing!
Mark and the team were amazing to work with, would strongly recommend them. They were informative about all the factors that played into the unique situation of any property. They adjusted things with us when necessary. There were always available for questions and general communication.
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:
Luxury Redefined: As part of The Ritz-Carlton brand, these residences offer unparalleled luxury, with high-end finishes, stunning views, and access to the hotel’s amenities. The 24 hour concierge is available to help with valet parking, chauffeur services, and security. The building is equipped with an expansive gym, yoga studio, saltwater pool and spa!
Prime Location: Situated in the heart of the Entertainment District, residents enjoy easy access to theaters, restaurants, and cultural attractions. The Ritz-Carlton, is directly connected to the PATH, Toronto’s downtown walkway linking 27 kilometers of underground shopping, services, and entertainment, as well as St. Andrew subway station. The condo is also within walking distance to the city’s attractions, restaurants and sports venues; The CN Tower, Ripley’s Aquarium, Roger’s Centre and Scotiabank Arena (formerly Air Canada Centre), as well as the Metro Toronto Convention Centre
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:
Opulent Living: The Shangri-La residences exude opulence, with spacious layouts, contemporary designs, and top-tier amenities. Our favourite space in the Shangri-La is the stunning Lobby Lounge. Residents do have their own private entrance, but walking through the lounge is always a special treat. They have an expansive drink menu with an array of small-bite options. For something a bit more upscale, Bosk is the ideal place to have a conversation, business meeting or special date night.
Five-Star Services: Residents can indulge in the hotel’s world-class services, including a spa facilities (Miraj Hammam Spa), fitness center, and an indoor lap pool, hot tub and sauna!
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:
Timeless Elegance: Formerly known as the Trump Hotel – the property was sold for nearly $300 million, and was rebranded to the St Regis in 2017. Today, the St. Regis Residences embodies timeless elegance, offering a refined living experience with bespoke services and sophisticated design. Residents have exclusive access to the Sky Lobby on the 32nd floor, which comes complete with 24-hour concierge, a fitness centre, a fully equipped gym, an indoor pool, and direct elevator access. Room service and maid service is also available (at an extra cost)
Coveted Location: Situated in the Financial District, residents are near Toronto’s business hubs and cultural attractions. Residents can dine out right in the building at either the Astor Lounge (perfect for drinks and small bites) or at the Louix Louis Grand Bar and Restaurant on the 31st floor… you’ll definitely want to check out the 60 ft mural on the ceiling of the Grand Bar. Painted by local Toronto artist Madison van Rijn, the mural, known as a ‘Bouquet of Whisky’ is inspired by a glass of Canadian whisky and looks just as refreshing as one. Salute!
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:
Yorkville Elegance: Nestled in the upscale neighborhood of Yorkville, the Four Seasons Private Residences provide a sophisticated living experience with stunning views of the city. You’re steps away from the cities finest shops in the city, with all the big brands at your doorstep.
World-Class Amenities: Residents enjoy access to the renowned Four Seasons amenities, including a spa, fitness center, and gourmet dining. D Bar is the destination of choice for those looking to unwind with a cocktail and some lite bites. Cafe Boulud offers a more formal setting and features a menu highlighting seasonal locally sourced ingredients and one-of-a-kind style.
Conclusion
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!
Embarking on the journey of finding a new home in Toronto is an exciting and significant step. However, timing plays a crucial role in ensuring a smooth and successful home-buying experience. In this blog post, we’ll explore each season and list out the reasons to why it may be the best time to start looking for a new home in the bustling real estate landscape of Toronto.
Spring into Action
Best Time: Spring is widely considered one of the optimal periods to start your home search in Toronto.
Why:
Blooming Market: Spring brings new life, and it’s no different in the real estate market. With warmer weather, more properties tend to become available, giving you a broader selection to choose from.
Curb Appeal: Viewing homes in spring allows you to see properties at their best, with gardens in bloom and outdoor spaces showcased in optimal conditions.
Summer Exploration
Best Time: Early to mid-summer is a favorable window for home searching in Toronto.
Why:
Extended Daylight: Longer daylight hours mean more time for property viewings, making summer a practical and enjoyable time to explore potential homes.
Family Moves: Families often prefer moving during the summer to minimize disruptions to their children’s school routines.
Fall Finds
Best Time: Late summer into early fall can be a strategic time to begin your home search.
Why:
Serious Buyers: As the summer rush subsides, serious buyers tend to remain in the market. Sellers may also be more motivated to close deals before the winter months.
Comfortable Weather: Fall weather in Toronto is generally mild, providing comfortable conditions for exploring neighborhoods and attending open houses.
Winter Advantage:
Best Time: Late winter, specifically February and March, can offer unique opportunities for homebuyers.
Why:
Less Competition: Winter tends to have fewer active buyers, giving you an advantage in negotiating deals and potentially finding a property at a more reasonable price.
Motivated Sellers: Sellers listing their homes in winter often have specific reasons, such as relocation, making them more motivated to finalize transactions.
Tips for a Successful Home Search in Toronto
Pre-Approval: Get pre-approved for a mortgage before you start your search. It helps you understand your budget and makes your offers more appealing to sellers.
Work with a Realtor: A knowledgeable real estate agent can guide you through the process, providing insights into the Toronto market and helping you make informed decisions.
Research Neighborhoods: Understand the different neighborhoods in Toronto to find the one that aligns with your preferences and lifestyle.
Be Flexible: Toronto’s real estate market is dynamic, and being flexible with your criteria can increase your chances of finding the perfect home.
Stay Informed: Keep an eye on market trends, interest rates, and any changes in real estate regulations to make informed decisions.
Conclusion:
The best time to start looking for a new home in Toronto depends on various factors, including personal preferences, market conditions, and lifestyle considerations. Whether you choose the vibrancy of spring, the extended daylight of summer, the strategic timing of fall, or the potential advantages of winter, being well-prepared and working with experienced professionals will set you on the path to finding your dream home in the diverse and dynamic city of Toronto.
