This summer, we can party like it's 2019! There are street festivals, film festivals, music festivals and food festivals. You'll find some of the best in my events blog, below. Fans of the movie Mean Girls will also want to check out Regina George's Toronto mansion, which is currently for sale!
The numbers are out for June sales and, as expected, we're seeing fewer sales year-over-year and prices softening from month to month. You can read more in my market news blog, but the bottom line is that the real estate market runs in cycles and Toronto real estate always goes up if you're in it over the long run. The big news, of course, is that the Bank of Canada has increased the key interest rate by a whole point.
As always, I thank you for your past and future business...and any referrals of friends or family you may have are greatly appreciated!
Brian Elder
Sales Representative,
SAGE Real Estate Ltd., Brokerage
416-483-8000
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Toronto Real Estate Market Update: June 2022 |
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Toronto’s real estate market runs in cycles. We were experiencing a robust seller’s market for months, if not years, which ultimately peaked in February. At that time, prices were up by over 20% (year over year) in most sectors in the 416 and by over 30% outside the city, which most pundits believed was unsustainable. A change was inevitable. |
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Honda Indy Toronto, on from July 15 - 17, is a must for racing fans and features activities, beer gardens, food trucks and interactive displays. OssFest returns on July 23 for a pedestrian take over of the Ossington strip between Dundas St W and Queen St W. And, the Toronto Caribbean Carnival returns from July 28 - 31 with a spectacular display of costumes, music, and culture. |
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The Best Steakhouses in Toronto |
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The best steakhouses in Toronto are where to go to feel fancy. Think shrimp cocktail, wedge salads, fine wines, great cocktails, and of course, a variety of steaks aged to perfection, all served in some of the most lavish spaces in town. |
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Regina George’s “Mean Girls” Mansion Listed for Sale in Toronto for $27M |
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Any Mean Girls fan will know that Regina George may not have had the nicest of personalities, but the character sure did have a nice mansion. And for a mere $27M it can be yours. |
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Palace Place!
#4107 - 1 Palace Pier Court: $649,000
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Don't miss the jaw dropping, soaring, sunset views from this 41st floor, generously sized, northwest facing, one bedroom suite, offering approximately 833 square feet in one of the most luxe buildings on the lake. Sun-soaked kitchen with a breakfast area that's easily used as home office. Large bedroom with ample closet space for extra storage. Easy access to highways and ideal for outdoor enthusiasts who love to run, walk, bike or just bathe in the vastness of Lake Ontario. |
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Meet Me in the Market!
#605 - 25 George Street: $1,349,000
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Olde York Place II: When space matters, this approximately 2,500 square foot suite offering 2 bedrooms plus a family room AND a separate den suite, in the ever popular St. Lawrence Market, is sure to satisfy! Meticulously maintained and ideally located in a quiet and mature complex. The generous living room/dining room is perfect for entertaining guests and family gatherings. The den is ideal for an at home office or study and the separate eat-in kitchen offers ample work space for those who love to cook. Best of all, imagine ending your day with sun-soaked west views toasting in front of a rare-to-find wood burning fireplace. Easily move-in ready or update to personalize. This suite is steps to pretty much everything the city has to offer, including St. Lawrence Market, Distillery District, supermarket, LCBO, theatres, restaurants, the Financial core, Harbourfront and the lake! |
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Toronto Real Estate Board Market News |
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The average selling price, at $1,146,254, remained 5.3 per cent above the June 2021 level, but continued to trend lower on a monthly basis. The MLS® Home Price Index Composite benchmark was up by 17.9 per cent year-over-year, but also experienced a month-over-month dip compared to May. Annual price growth was driven more so by less expensive market segments, including townhouses and condominium apartments. |
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT. |
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