Welcome to my May email newsletter!

The housing market in Toronto certainly turned around in April!! Sales in the 416 were up by 16.8% compared with last April and detached houses saw the biggest jump with sales being up by almost 21% compared to last year. Scroll down way down to see the TREB news report.

Below, I have featured two great properties currently on the market: a sun-soaked one bedroom at Radio City with lake views and a two-bedroom multi-level suite in the heart of the city at Gerrard and Church Street. Also below, I've got the city's best events for May and my latest blog on proposed changes to the real estate regulations - the banning of bully offers. Take a peek!

As always, I thank you for your past and future business and any referrals you may have are greatly appreciated.

Check out www.be-at-home.com for exciting real estate opportunities!

Brian

Brian Elder
Sales Representative,
Royal LePage Real Estate Services Ltd. 
416 921 1112
Great Events Happening in Toronto in May
May is a great month to be in Toronto! Doors Open, one of my favourite events, is happening at the end of the month. Inside Out starts on May 23 and the Yusama exhibit opens at the AGO.
Hot New Restaurants Opening in Toronto
I love the enthusiasm in Toronto’s restaurant scene - the percentage of restaurants that stay open is so low and yet so many people continue to open restaurants, which is a nice break from the chains. Here are some highlights from trnto.com.
Only 1 Toronto Property Made The List Of Canada’s Most Expensive Homes
It’s no surprise that the majority of Canada’s most expensive homes are located in Vancouver. In fact, out of the 10 priciest, seven are located in the West Coast city. But what is surprising is that only one Toronto property made the list.
Should Bully Offers Be Banned?
If you’ve been following real estate news (or reading my blog!), you know that the Ontario Real Estate Association (OREA) is asking the province to revisit the Real Estate and Business Brokers Act, a piece of legislation that regulates the industry, including how many hours of study are required for a real estate licence as well as best practices. One of the changes OREA is asking for is the banning of ‘bully offers’.
Radio City Condos!
#2005 - 285 Mutual Street: $539,000
Soaring, morning sun-soaked, lake views from this one bedroom with terrace sized balcony. Super-wide rooms with fantastic flow for easy furniture placement, 9 foot ceiling height, steps to transit, shopping, Eaton Centre, Ryerson, U of T, the Village, Yonge & Bloor, Yorkville and more.

A Rare Find in the Heart of the City
#16B - 86 Gerrard Street East: $879,000
Modern and super-sized, this 2 bedroom, multi-level suite feels like a home. Upper level master bedroom retreat with ensuite and dressing area/den plus a master-sized main floor bedroom with ensuite and balcony that can be used as den or home office. Storage galore (even under the stairs!), solarium & terrace. Stellar west city views. Quiet building.

Toronto Real Estate Board Market News
Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported a substantial year-over-year increase in home sales in April 2019. The number of residential transactions jumped by 16.8 per cent to 9,042 compared to 7,744 in April 2018. On a preliminary seasonally adjusted basis, sales were up 11.3 per cent compared to March 2019.
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT.