Category: Toronto Neighbourhood Posts

Category: Toronto Neighbourhood Posts Faulty Kitec pipes may produce large repair cost for Toronto home and condo owners

Kitec pipes were used across the city a decade ago, but they quickly corrode and can cause flooding   Kitec plumbing — a plastic pipe with an aluminium lining — was introduced to the market in 1995.   Back in 1995, Kitec was considered an innovation and used in condominiums, homes and commercial buildings in Toronto and across Canada. The pipes were touted as durable, easy to install and cheaper than the popular copper alternative. But soon, homeowners and contractors realized the pipes corroded at an accelerated rate.   Class action lawsuit against Kitec The product’s failure rate sparked lawsuits,

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Category: Toronto Neighbourhood Posts 75 Haddington Ave, Bedford Park, Toronto attracted multiple offers, Sold $2,000,000 in October, 2018

  75 Haddington Ave., Toronto Selling price: $2-million Previous selling prices: $1,289,000 (2013); $910,000 (2009) Realty Taxes: $8,849 (2017) Days on the market: 7   The home has a joined open eat-in kitchen and family room and finished maple hardwood floors.   On a residential street just east of Avenue Road, there were two properties listed in June. One seller sought $2-million, while the owner of this three-bedroom house on a 30-by-130-foot lot started under $1.4-million. Competition between 13 bidders drove the final price to $2-million within a week’s time.   Family room has a gas fireplace   In the Cricket Club

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Category: Toronto Neighbourhood Posts Toronto home sellers and buyers are watching the waiting game in August, 2017

  The Toronto real estate market is stalled and buyers and sellers are waiting to see what will happen when it comes back in September. “They’re not sure whether the market slowed down for the summer for normal, seasonal marketplace reasons, or whether we’re on a downward slope,” tells Mr. Kholodov, an agent. For now, it seems, many real estate agents and their clients are trying to understand the situation.   Mr. Guatieri, senior economist, Bank of Montreal, expects housing prices, which peaked in April, 2017 in the Greater Toronto Area, will continue to fall in the coming months before

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Category: Toronto Neighbourhood Posts Toronto’s housing market declines in May, 2017, is it better

  After a long period of remarkable home sales and home price growth, the Toronto Real Estate Board( TREB) reported that the Greater Toronto Area’s housing market posted the first of this year’s decline in May, 2017, in a market that’s been hot for at least the last two years. But will this be a one-month blip, or a turning point that could be accompanied by falling prices and sales in the coming months? Forecasting real estate marketplace performance is a tricky business. But a closer look at the TREB data seems to provide enough support for a reasonable call

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Category: Toronto Neighbourhood Posts 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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Category: Toronto Neighbourhood Posts 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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Category: Toronto Neighbourhood Posts 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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Category: Toronto Neighbourhood Posts 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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Category: Toronto Neighbourhood Posts 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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Category: Toronto Neighbourhood Posts Surging sale of $1 million-plus Toronto homes producing calls for new measures

  Sales of single-family detached homes obtaining prices of at the least$ 1-million have almost doubled in 2017 in the Greater Toronto Area, as economists raise the possibility of a real estate bubble. The GTA recorded 2,876 sale of detached properties of $ 1-million or more in January and February, 2017, compared with 1,548 in the first two months of 2016, a new study by Sotheby’s International Realty Canada showed. Fierce competition is common amid larger demand and a shrinking number of monthly listings, said Brad Henderson, the chief executive officer of Sotheby’s in Canada. “There are on-going supply and

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