Although it may be hard to believe based on our weather, summer is almost here! And with summer comes a slew of city happenings in June including Pride, Luminato, the Jazz Festival and more. You'll find a link to my June events blog below.
The real estate market certainly rebounded over the past several months; sales in May were up by 18.9% as compared to May 2018 (though we have to remember that sales last May hit a 15 year low). Interestingly, prices have gone up, but not significantly. Click on the Market News for a full breakdown.
And of course, the spring market continues... I was hoping to have two great properties to show you this month, but one sold before it could hit the MLS (and way above asking), the other just sold! The most recent sale was a rarity.... a super-sized, loft-style, one bedroom suite, offering well over 1100sf with soaring 13′ ceilings, a massive master with luxurious ensuite bath and walk-in closet. Take a look below to see what you missed!
If you are looking to make a purchase this year, please get in touch. At certain price points, properties are not lasting long on the market.
As always, I thank you for your past and future business and any referrals you may have are greatly appreciated.
Brian
Brian Elder
Sales Representative,
Royal LePage Real Estate Services Ltd.
416 921 1112
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Toronto home sales surge back to highest levels since 2017 — that's pre-stress test
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Toronto’s housing market came storming back in May. Sales in Canada’s biggest city soared 19 per cent from the same month a year earlier to 9,989 transactions, while prices rose, the Toronto Real Estate Board reported Wednesday.
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Casinos And Condos Aren’t In The Cards For Ontario Place
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The search is on for Ontario Place development ideas and it doesn’t include casinos or condos. In a press conference on Tuesday morning, Minister of Tourism, Culture and Sport, Michael Tibollo, said the Ontario government was looking to international partners for help redeveloping the 48-year-old property.
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The top 10 healthy brunch restaurants in Toronto
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Brunch in Toronto is usually synonymous with indulgent dishes, boozy cocktails and that artery-clogging combination of bacon, cheese, eggs and bread. If cheat day has already come and gone, don't sulk because there are healthy options abound.
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Brian's Blog: June Events
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June is a great time to be in Toronto (Happy Pride Month!). Luminato runs until June 23rd, overlapping with the Jazz Festival, which begins on the 21st and the month wraps up with Ribfest, happening over the holiday weekend.
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Radio City Condos!
#1009-281 Mutual Street
SOLD!
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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.
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A Rare Find in the Heart of the City
#1E - 86 Gerrard Street East
SOLD!
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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.
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Toronto Real Estate Board Market News
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Toronto Real Estate Board President Garry Bhaura announced that Greater Toronto Area REALTORS® reported 9,989 transactions through TREB’s MLS® System in May 2019.1 While this result represented a substantial increase of 18.9 per cent over the 15-year low in May 2018, it should be noted that the result was still below the average for month of May sales for the previous ten years, which stands at almost 10,300.
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT.
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