Monthly Archives: May 2017

Month: May 2017 Toronto area home sales sink in May, 2017 after cooling actions

  House sales fell 26 per cent in the Toronto region in May, 2017 after the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market impact. In the 30 days after the province of Ontario announced the immediate introduction of a 15 -per-cent foreign-buyer’s tax on April 20, 2017, the number of houses sold in the Greater Toronto Area fell 26 per cent  compared with the same period last year, according to data compiled by Toronto realtor John Pasalis. Communities north of Toronto find the greatest declines between April 20 and May 20,

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Month: May 2017 Growth for more New Condos in 2016 and 2017 in Bloor-Yorkville

  Once a refuge of hippies, artists, and folk singers, Yorkvillle has transformed over the last forty years to become one of the city’s toniest neighbourhoods, home to the country’s most expensive commercial real estate, along with some of the city’s best restaurants and hotels, and at its northern periphery, to some of the most well-kept Victorian row-homes in Toronto. Eminently walkable, and well served by transit, this beloved Toronto neighbourhood has become a nexus of wealth and style, with condo and home prices that very much reflect its ever-increasing exclusivity. This edition of our Growth to Watch For series

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Month: May 2017 Growth to New Condo units in 2016 and 2017 in Downtown Toronto North

  In this edition of our Growth to Watch For series, we will take a tour of Downtown North, a relatively small, yet rapidly intensifying area of Toronto defined by the University, Bay, and Yonge Street corridors from Charles to Gerrard. Neither as jam-packed with tourists and day-trippers as the Downtown Financial Core to the south, nor as glitzy as Bloor-Yorkville’s Mink Mile to the north, Downtown North has long served a mixture of more staid urban usages. To the west, Hospital Row, the University of Toronto, the Ontario Legislature, and several government ministry buildings of Queen’s Park have defined University Ave,

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Month: May 2017 Map Explains How Condo Prices Change Along Subway Lines

  If you’re in the market for a new Condo, but don’t want to live far from the Subway lines, Toronto Star has created a map that indicates the average price of condos nearest TTC subways stops. The map shows the average price per square feet you get for buying a Condo in Toronto. According to the information provided by Condos.Ca, the price of Condos appears to increase along the Bloor-Danforth Subway Line, the closer you get to the Yonge-University Line. The areas with the most bang for you dollar are Yorkdale, Ellesmere and Laurence East, while Museum, Queens Park

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Month: May 2017 What an average priced Toronto house looked like in March, 2017

  The average price for a detached house in Toronto is $1,561,780, at least according to the latest Toronto Real Estate Board’s latest report. For that much money, you should be able to get a whole lot of house, right? Not always. While you won’t be able to buy a mansion for $1.5 million, you might be able to score a small home in a great neighbourhood, if you’re lucky. Or you could move an hour north and get yourself 40 acres of land in Georgina for the same price.   Here’s what an average price home looks like in

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Month: May 2017 Gap widens more between low-rise, high-rise housing prices, availability

  The gap between the average costs of newly built low-rise and high-rise homes in the GTA got wider again in January, 2017. A brand-new single-detached house now costs twice as much as a stacked townhouse or condominium: $1,026, 395 to $507,551. The single-detached cost is up 25 per cent compared to a year ago; the condo cost is higher by 13 per cent.   Not merely prices but numbers of sales are diverging also. New low-rise dwelling sales were down in January, with just 741 brand-new homes sold, a decline of 29 per cent from a year ago. In Toronto, only

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Month: May 2017 Lack of homes to drive Toronto prices in 2017

  A lack of homes for sale ought to be able to drive Toronto’s sizzling housing market to another year of double-digit price increases, the city’s real estate board told Tuesday. The Toronto Real Estate Board said the average price for all types of housing is forecast to rise to about $825,000 — up from $730,472 in December and $729,922 for the 2016 calendar year. The largest year-over-year price increases will be for low-rise types of housing such as detached and semi-detached the house and townhouses, said the board, which represents about 46,000 real estate brokers and salespersons. “While a

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