Welcome to my August email newsletter!
Remember what you said in February about not complaining about the heat this summer? Keep that in mind for the next two weeks - it was the hottest July in Toronto on record and another record might be set this month.
Another record set in July - home sales! Pent up demand, more available listings and low interest rates combined resulted in a record 11,000 home sales in the GTA. For more market news, check out the piece below as well as my latest blog, which details what I'm seeing personally.
Although it's not the 2020 we were expecting, there have been some positives to come out of the pandemic. You'll find that article below.
I also have four featured listings! Two are well-priced one bedroom suites, one in the East and one in the West, both in great locations. The other two are one bedroom units for lease. Rents have been going down in Toronto, this is a great opportunity to lock in at a good price!
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,
Royal LePage Real Estate Services Ltd.
416 921 1112
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Toronto’s best new CaféTO patios |
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As we start carefully emerging from isolation, seeking fresh air and normalcy along with a drink or two, the city’s restaurants and bars have got our backs. Thanks to the CaféTO program, a host of new patios have popped over the city, giving socially distanced drinkers and diners a range of excellent options. |
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The Toronto Real Estate Market is Upside Down! |
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To say that it’s been a weird year would be a colossal understatement. The bottom fell out of the real estate market mid-March. What was shaping up to be a record year stopped almost overnight, which is completely understandable. Anything that wasn’t an absolutely necessity didn’t happen. The market began to return to normal in May and in June bounced back almost completely. In terms of my own experience, I’m seeing a steadiness in the market but not an overwhelming amount of craziness. |
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Toronto’s housing market shatters sales record in July |
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Low-rise homes led the Toronto region’s housing market back onto a growth trajectory in July, with detached home sales increasing nearly 44 percent over the previous year while townhomes rose by more than 31 percent. |
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25 good things to come out of Toronto during a very tough year |
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From an outpouring of solidarity against systemic racism to rallying around main street and even the rebirth of the drive-in, we report on the many ways our city has come together. Yes, 2020 has been a tough year in Toronto, but here are some good things that emerged in our city that we can be proud of. |
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Sleek and Modern One Bedroom Condo
607-50 Bruyeres Mews: $495,000
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Not a wasted inch in this well-planned one bedroom suite with warm, modern aesthetic and a large balcony. An oversized separate bedroom with large closet, an office nook in the front hall which could easily be converted into even more storage and a sleek, modern open concept kitchen combined with the living and dining areas gives an extra wide feel to this amazing starter home or investment property. Steps to transit, trails parks, lake and the new Loblaws! |
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Imperial Square Condos!
1004-311 Richmond Street East: $549,900
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Spacious and well-planned one bedroom suite steps to St. Lawrence Market, Corktown, financial core and more! This bright, open concept entertainer's space features wide rooms, floor to ceiling windows, a chef's kitchen with lots of workspace and breakfast bar. A generous bedroom with walk in closet. Don't miss the private balcony and unobstructed north city views! |
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For Lease: Bright and Open One Bedroom
711-90 Stadium Road: $1,800/month
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A bright and open suite with a very functional layout! Beautifully finished with granite counter tops, stainless steel appliances, light laminate floors in living space and warm broadloom in the bedroom, Juliette balcony looking towards the city with view of the CN Tower. Excellent location down by the water. Ideal for walkers and sports enthusiasts. Very easy access to lakeshore and the King West area with TTC just around the corner. |
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For Lease: Pure Spirit Condos
1003-33 Mill Street: $1,950/month
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Pure Spirit Condos in the heart of the Distillery District. A spacious, sun-soaked one bedroom condo with an oversized balcony, floor to ceiling windows, and a small area for an at-home work space. Modern kitchen with stainless steel appliances and hardwood floors throughout. Five star facilities include incredible outdoor pool, gym, 24-hr concierge, BBQ area, free Wi-Fi in common areas, guest suites, ping pong & billiards, movie theatre, sauna, party room and more! |
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Toronto Real Estate Board Market News |
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Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5 per cent compared to June 2020. |
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NOT INTENDED TO SOLICIT BUYERS/SELLERS ALREADY UNDER CONTRACT. |
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