Monthly Archives: May 2017

Month: May 2017 Toronto area home sales drop in May, 2017 after cooling measures

  House sales fell 26 per cent in the Toronto region in May, 2017 following the Ontario government’s introduction of a foreign-buyer’s tax as many potential purchasers stepped back and waited to assess the market condotion. In the 30 days after the province of Ontario announced the immediate introduction of a 15 -per-cent foreign-buyer’s excise 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 ascertained the greatest declines between April 20 and May

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Month: May 2017 Growth in 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 of more New Condos 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 Shows How Expensive Condo Prices Are Near Subway Lines

  If you’re in the market for a new Condo, but don’t want to stay far from the Subway line, Toronto Star has created a map that indicates the average price of condos near the TTC Subways stations. The map shows the average price per square foot you get to purchase a Condo in Toronto. According to the information provided by Condos.Ca, the cost of Condos goes on to increase along the Bloor-Danforth Subway line, the closer you get to the 1 Yonge-University Subway Line. The areas with the most bang for you hard-earned dollars are Yorkdale, Ellesmere and Laurence

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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 Toronto.$1,555,556

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Month: May 2017 Gap continues to widen between low-rise, high-rise home rates, availability

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

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

  A lack of homes for sale should be able to drive Toronto’s sizzling housing market to another time of double-digit price increases, the city’s Toronto 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, 2016 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 homes and townhouses, said the board, which represents about 46,000 real estate agents and salespersons.   “While changes

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