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Monthly Archives: July, 2015

Top floor unit at 73 McCaul St ** SOLD **

July 20th, 2015 Posted by Uncategorized No Comment yet

Featuring wood floors, a newly renovated bathroom and a spacious balcony, it’s roughly 730 square feet of downtown living – and you won’t get a better downtown setting than the Village by the Grange.

Steps to vibrant Queen St W, also just a short walk to U of T, Chinatown, the Fashion District and the Financial District, Village by the Grange is a classic mixed-use development, including restaurants, shops and a top-notch food court. If you want to live the downtown Toronto experience, you owe it to yourself to check out VBTG.

This great spot sold in just five days! Call me if you need something similar in the area.

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Authentic loft for lease at the Garment Factory Lofts ** LEASED **

July 16th, 2015 Posted by For Lease No Comment yet

This fantastic, west-facing unit in the original portion of the Garment Factory Lofts is available for possession in August 2015. Open concept with a modern kitchen (stainless steel appliances) and bath, this open, spacious 1-bed-plus-den loft exudes urban cool. Features include: exposed duct work, restored/polished concrete floors, fluted columns, large warehouse-style windows and a walk-out to the balcony (which includes a gas BBQ hook-up). Just steps to Leslieville, the location also offers easy TTC options!

This great space is available for $2000/month (plus utilities). Includes Ensuite laundry, storage locker, secure bike lock-up/storage. No pets, no smokers, please.

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June 2015 Market Review

July 7th, 2015 Posted by Market Review No Comment yet

June was another record month in the Toronto real estate market. Sales volume was up 18.4% to 11,992 transactions (over 10,132 in June, 2014), setting a new record for the month of June. Over the same period, new listings increased by 6.7%, to 17,746, but total active listings shrank by 13.1% to 17,972  (down from 20,686 last June) due to the rapid pace of sales. This familiar combination resulted in another increase in the average sale price. The June average (for all types) of $639,184 was up 12.3% year-over-year.

The MLS® Home Price Index (HPI) Composite Benchmark, which does a more detailed comparison (e.g. adjusting for number of bedrooms, finished vs. unfinished basement, etc.) was up a slightly more moderate 8.9% (same as May).

The condo market in the 416 saw sales increase by 21.3%, and average price increase by 7%, to $418,599. That market continues to be a great option for first-time buyers, investors, downsizers, and anybody who wants to live the downtown lifestyle.

So, as expected, June was a busy month, possibly due in part to a slow start to the spring real estate season. July is shaping up to be busier than usual, too – which sometimes happens after a late spring market. Buyers, stay active and you’ll find what you are looking for! Sellers, you stand to benefit from an active market – so no need to hold off ’til fall.