Toronto Real Estate and Community News

Sept. 11, 2021

OAKVILLE MARKET REPORT: AUGUST 2021

Monthly property sales were down by 295, totaling 534 compared to 829 in August 2020.

 

The total number of new property listings also saw a decrease of 484 this year: 575 new listings in August 2021 compared to 1,046 in 2020.

 

For homes processed through the OMDREB MLS® system, the number of days on market until sale dropped 35 percent in August 2021, sitting at just 13 days compared to 20 in August 2020. For townhomes and condos, days on market dropped 30 percent at 14 this year compared to 20 in August 2020.

 

 

In Oakville, the average sale price for a home in August 2021 was $2,115,917, up 27.1 percent from $1,664,579 in 2020. The average sale price for a townhouse/condo was $1,006,535, up 18 percent from $852,917 in 2020.

 

 

 

 

 

Posted in Market Updates
Sept. 9, 2021

NEW CONDO DEVELOPMENT IN TORONTO & GTA

Thinking about buying a condo from the builder? Now open to the public. VIP Priority Sales Exclusively through Platinum agents is ON NOW. 

From the mid 500's / 541 sq ft - 871 sq ft

VIP SALE NOW on

KINDRED CONDOS is a New Condo development by The Daniels Corporation located at Eglinton Ave W & Erin Mills Pkwy, Mississauga.

Kindred Condos is the newest high-rise condo to join Daniels's successful Erin Mills master-planned community in the heart of Mississauga. This vibrant community offers one-of-a-kind living, celebrating multi-generations from all walks of life. Thoughtfully designed suites, exclusive building amenities, and stylish designs can be found here while the convenience of the neighborhood offers access to over 500 parks in the city, walking distance to major shopping centers and state-of-the-art medical facilities, and just minutes from commuting options.

A wide variety of vibrant lifestyle amenities surround Kindred Condos, creating a community of choice and convenience. Located within walking distance are some of Mississauga’s best dining, shopping, and entertainment options including Erin Mills Town Centre. This world-class shopping center is home to over 185 shops and services. Local and Big Box brands are also easily accessible to residents. The area is rich in arts and culture, home to a diverse range of theatres, galleries, music venues, festivals, events, and local farmers’ markets helping to create a sense of connectedness and small-town charm in the heart of the big city.

This family and multi-generational friendly neighborhood is surrounded by plenty of natural green space, playgrounds, more than 500 parks, community centers, recreational sports fields, and is located just minutes from Mississauga’s beautiful waterfront, trails, and the sandy beaches of Lake Ontario. Kindred Condos is conveniently located just minutes from Credit Valley Hospital. Many great schools of all learning levels are located nearby including the University of Toronto’s Mississauga campus.

Living at Kindred Condos gives way to seamless travel and commuting throughout the city and the GTA. Motorists are just a 4-minute drive away from Highway 403 and will also have easy access to nearby Highways 407, 401, and the QEW. Motorists will be able to drive into downtown Toronto in just over half an hour. Both MiWay and GO Transit bus routes are available to residents just mere steps away from the front door and the Streetsville GO station is just a short 5-minute drive away. The Milton Line will quickly transport riders into Union Station.

For over 35 years Daniels Corporation has built over 30,000 award-winning communities. They are considered to be one of Canada’s premier and largest real estate developers. Their building process is unique as they tend to look beyond just the physical building and strive to create a sense of belonging for the buyer.

 

ALBA CONDOS 

Hurontario & Central Pkwy, Mississauga

621,990 - 931,990 / 490 sq ft - 863 sq ft 

New Release of Penthouse Suites and Townhomes!

Alba Condos will be Edenshaw Development's newest high-rise residential building to grace Mississauga’s downtown skyline offering an abundance of exclusive building amenities, suites that will feature exceptional finishes, and spacious balconies that will provide breathtaking views of Lake Ontario alongside downtown Mississauga and Toronto skylines. Mississauga’s downtown core is undergoing extensive development and revitalization in residential, commercial, and infrastructure, making it the perfect time to invest in the city.

Alba Condos is located in a transit-centric neighborhood of downtown Mississauga, making it extremely simple for residents to travel by public transportation throughout the city. Alba Condos faces Hurontario Street, a major artery that runs through the city. MiWay; Mississauga’s regional transit service and GO Transit bus routes are both accessible to riders just steps away from home. City Centre transit hub and Cooksville GO transit station are both easily accessible by foot. The new Hurontario LRT will run right past Alba Condos with stops conveniently located at Cooksville GO and City Centre Station.

Residents of Alba Condos that prefer to travel within the city and commute throughout the GTA within the comfort of their own vehicle will have easy access to major thoroughfares in the surrounding area including Highway Motorists who will be able to quickly drive into downtown Toronto in just 25 minutes.

Downtown Mississauga is a bustling, vibrant, and quickly growing part of the city. Residents of Alba Condos will be conveniently situated within walking distance to a wide variety of exciting lifestyle amenities including dining, shopping, and entertainment options in the area. One of the area’s biggest attractions is Square One Shopping Centre. This world-class retail location is Ontario’s largest and Canada’s 2nd largest shopping mall, spanning over 2.2 million square feet, and home to over 360 shops and services.

Alba Condos is the perfect place for families and students to call home. Downtown Mississauga is home to much great public and private schools, community centers, recreational sports and activities, and state-of-the-art medical facilities. Post-secondary schools including Sheridan College Hazel McCallion Campus and University of Toronto Mississauga Campus are both located within minutes of Alba Condos, making it a great option for off-campus accommodations. The area is home to plenty of parks and natural green spaces. Celebration Square hosts many family-friendly events and festivals throughout the year and Lake Ontario with its beautiful waterfront beaches, parks, and trails is also close by for residents to enjoy.

Edenshaw Developments is a boutique real estate development company dedicated to building beautiful, artistic and mindful residences and engaged communities within the GTA that are highly connected, neighborhood-centric, sustainable, and innovative including exciting Port Credit Village, an area they know intimately, love, and are proud to be a part of

Bartley Dr & Tisdale Ave, Toronto

1,079,990  - 1, 299,990 / 1081 sq ft - 1710 sq ft 

Final Towns Now Selling 

Bartley Towns is a New Townhome development by Bazis Inc located at Bartley Dr & Tisdale Ave, Toronto.


Residents of Bartley Towns will love having easy access to TTC bus routes including 24 hour and express routes just steps away from home. The Eglinton Crosstown LRT is also easily accessible to residents needing to commute across the city quicker. The Don Valley Parkway is conveniently located just down the street from Bartley Towns, allowing motorists to easily connect to Highway 401 and 404 or the Gardiner Expressway and be in downtown Toronto in just 20 minutes.

Toronto’s Golden Mile is a commercial district within Scarborough located near Bartley Towns that conveniently offers residents lifestyle amenities including plenty of dining, shopping, and entertainment options.
Bartley Towns is directly connected to Bartley Park allowing residents easy access to natural green space in the middle of the city. Other green spaces in the area include Flemingdon Park and Charles Sauriol Conservation Area. There are several walking, biking, and hiking trails that run along the Don River to explore also.
There are plenty of educational institutions of all learning levels in the area from preschool, private, and public schools. With Sunnybrook Hospital nearby and family-friendly attractions like the Ontario Science Centre nearby, Bartley Towns is the perfect place for families to call home.

 

Downsview Park Towns is a New Condo Townhome development by Stafford Homes Ltd. located at Keele St & Sheppard Ave, Toronto.

679,990 - 1,175,990 / 1122 sq ft - 2686 sq ft

 

 

 

Downsview Park Towns is a collection of LUXURY townhouses that stand strong against the lively and vibrant greenery that is Downsview Park. The luxury townhome collection is created by the ever-dependable Stafford Homes.

In this perfect location, you are minutes away by foot, car, and even bike from shopping boutiques, excellent restaurants, and endless parks. Close to Downsview Station you can enjoy a less than 30-minute commute to the downtown core or embrace all the events and activities that Downsview Park has to offer.

 

MILA Towns is a New Townhome development by Madison Group located at Midland Ave & Lawrence Ave E, Toronto.

From 1 Million / 1787 sq ft - 3353 sq ft 

 

MILA  Towns is a brand new, exciting community coming to the heart of Scarborough. This master-planned community will consist of spacious family-sized freehold towns, semi-detached, and detached homes located at the bustling intersection of Midland Ave and Lawrence Ave E. Residents will be conveniently located just minutes from transit, including the upcoming Sheppard East LRT, major lifestyle amenities, major thoroughfares, and so much more.

A perfect locale for city commuters, MILA Towns is surrounded by transit options, allowing for easy access to bus routes and is just minutes away from the Lawrence East Subway Station, allowing riders to quickly transfer to the Bloor-Danforth line into downtown Toronto in under an hour.

The upcoming Sheppard East LRT will also help riders commute quicker throughout the city, adding 13 kilometers of rapid transit from Don Mills Station to Morningside Ave.

Conveniently located less than 10 minutes away from Highway 401, motorists will be able to conquer their daily commute with ease and drive downtown in just 25 minutes.

Major lifestyle amenities including dining, shopping, and entertainment options can be found at nearby Scarborough Town Centre, offering over 250 stores and services. Kennedy Commons is just 5 minutes away where residents of MILA Towns will find a wide assortment of brand name amenities and Big Box Brands.

This family-friendly neighborhood is surrounded by lush parks, playgrounds, community centers, sports fields, recreational facilities, and great schools of all learning levels. Centennial College and University of Toronto Scarborough Campuses are just 12 minutes away and draw over 30,000 post-secondary students combined to the area, making MILA Towns a great investment opportunity or home for growing families.

Madison Group has evolved from a successful family business into a multi-faceted company that owns, develops, and manages landmark residential and commercial properties. Madison’s extensive portfolio includes mixed-use high-rise projects, low-rise master-planned communities, office, retail, prestige industrial, rental, and retirement properties throughout Toronto and New York.

Posted in New Development
Aug. 28, 2021

FACTORS THAT INFLUENCE "TIME ON THE MARKET"

When you are thinking about selling, it's not uncommon to be at least a little concerned about timelines. After all, if you're also buying a new home, it's important to know how long the selling side of the process will take. The good news is, you can get a reasonably good idea of how long you can expect your property to be on the market. That's because it's influenced by market conditions and other factors that can be determined in advance. For example:

Buyers' or Sellers' market? If it's a buyers' market, there are generally more listings than people actively searching for a home. In that scenario, buyers can take their time without worrying too much about losing an opportunity. On the other hand, if it's a sellers' market, properties tend to sell much faster. 

Demand for your property. Whether it's a buyers' or sellers' market, the demand for your property may be an exception. There may or not be a lot of people looking for your specific type of home.

Condition of your home. How well your home shows plays a pivotal role in how many buyers view it and become interested enough to make an offer. Fortunately, this is something you have a lot of control over. There are many ways to make your home look enticing to buyers. 

Listing price. The listing price of your home has an impact on how long it takes to sell. if you list for well above your property's current market value, you may attract only a few interested buyers or none at all! Setting the right list price is crucial.

Another factor that influences how long your home will take to sell is the real estate professional you choose to help you. It is very important to make your home looking its best. You want to hire a real estate professional that will help you in every way, starting from creating the best selling strategy, hiring the best company for your photos, video, floor plans, 3D model and etc., making sure all the minor repairs are done, creating the best curb appeal, decluttering, deep cleaning, and staging your home. All this is very important to successfully sell your home and get you the best sale price possible. 

Posted in Selling Your Home
Aug. 28, 2021

NORTH OAKVILLE MARKET REPORT

In line with the typical slowdown of summer months market activity, June home sales in the GTA declined by 7% from May. Although in comparison to the same month a year ago, sales soared by 28.5 %. Home prices also inched lower in comparison to May but jumped up by 17 % on a year-over-year basis.

This seasonal sales trend was also evident in the Oakville market, with homes sales declining by 6 % on a month-over-month basis, skyrocketing by almost 20 % in comparison to June 2020. Although the average home price followed the seasonal trend by declining 3 % from $1,476,467 in May to $1,437,986 in June, the detached and condominium apartments segments defied it. 

The price for a detached home rose by 1 % a month-over-month basis, from $1,855,362 in May to $1,874,551 in June and condos jumped by 4 % from $685,109 to $710,067. In comparison to June 2020, the price growth was 19 and 17, and 27 % respectively.

" With sales still outpacing listings and with the growth of prices by around 25 % for both single-family homes and condominiums, it continues to signal the need for a shift to more affordable housing. This remains an issue throughout the real estate sector in Ontario, " says Lynn Hoffman, President of the Oakville, Milton and District Real Estate Board.  

Posted in Market Updates
June 13, 2021

TORONTO MARKET REPORT

 Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.


Greater Toronto Area REALTORS® reported 11,951 sales in May 2021 – more than double the result from May 2020, the second full month of the pandemic. May 2021 sales were below the May 2016 record of 12,789 but remained well above the average May sales of 10,336 for 2010 through 2019 period. Often, May is the strongest sales month in any given year; however, 2021 results bucked this trend, with May sales below the 15,646 deals reported in March.

 

“There has been strong demand for ownership housing in all parts of the GTA for both ground-oriented home types and condominium apartments. This was fueled by confidence in economic recovery and low borrowing costs. However, in the absence of a normal pace of population growth, we saw a pullback in sales over the past two months relative to the March peak,” said TRREB President Lisa Patel.

The MLS® Home Price Index Composite Benchmark was up by close to 19 percent year-over-year in May 2021. The average selling price across all home types was up by 28.4 percent year-over-year, reaching a record $1,108,453. On a seasonally adjusted basis, the average price increased by 1.1 percent between April and May 2021.

“While sales have trended off the March 2021 peak, so too have new listings. This means that people actively looking to purchase a home continue to face a lot of competition from other buyers, which results in very strong upward pressure on selling prices. This competition is becoming more widespread with tighter market conditions in the condominium apartment segment as well,” said TRREB Chief Market Analyst Jason Mercer.

 

 

 

Posted in Real Estate News
June 13, 2021

OAKVILLE MARKET REPORT

The housing market across the GTA showed signs of cooling down from the frenetic activity it saw during the first quarter of this year. Typically, the March-April period shows progressive increases in sales and prices as the Spring selling season goes into full swing. However, this Spring, most housing activity stats show a decline in value across the region, including Oakville. While year-over-year comparison shows huge sales and average price increases for most of the GTA and Oakville- triple-digit hikes in sales and high double-digit jumps in average price - this comparison is to a month last year when the pandemic decimated activity.

In Oakville, sales of detached homes sales slowed down month over month( 22 percent down), but the average price inched upward to an impressive $1,897,844 ( up by 1.1 percent). Semis also saw a slight price increase, up by 3 percent to $1,155,800, with sales count flat with March. 

"Despite a modest slowing in market activity in April compared to March, selling prices for a major home type remained very high. Low borrowing costs during COVID-19 clearly had an impact on the demand for and price of ownership housing. While the pace of price growth could moderate in the coming months, home prices will likely continue on the upward trend. Renewed population growth over the next years coupled with a persistent lack of new inventory will underpin home price appreciation," says TRREB Chief Market Analyst Jason Mercer.

Posted in Community News
May 4, 2021

BUYING A HOME

Are you sick of paying monthly rent that contributes to someone else’s mortgage payment? Are you craving the freedom to repaint walls? Or, are you looking to build wealth through what is often considered a smart investment? If so, it sounds like it may be time to start your home buying process.

 

Consider these six reasons that help affirm you’re ready to become a first-time homebuyer.

1. You have the freedom to personalize and renovate

Owning a home gives you the freedom to express yourself by completely customizing the interior and exterior spaces. You no longer have to abide by regulations regarding wall colors or hanging art. Additionally, you can remodel and renovate your home as you see fit. From small projects, like changing cabinet pulls, to big projects, like tearing down a wall or adding hardwood floors, you have the authority to make decisions regarding design.

2. You’ve outgrown your space

An obvious reason to move is when you’re tight on space. For many, this could be because you’re expanding your family – think a baby on the way, more pets, aging children who want their own bedrooms.

3. You seek outdoor accessibility

In apartment living, outdoor space is limited – and sometimes crowded. When you buy a home, a criterion may be a grassy yard, deck, or patio space. Whatever your preference maybe, you’re likely seeking a way to enjoy the outdoors with privacy. Having your own outdoor space means room for entertaining and room for exercise. Plus, you can accentuate the curb appeal of your home with exterior décors like potted plants, flower boxes, furniture, and seasonal holiday flare.

4. You’re done with fees and rules

A major downside to renting is paying for a property that you do not own and therefore is not your personal investment. Apartment fees go toward necessary services, like garbage disposal, but also may contribute to amenities you don’t use, like a gym or pool. 

5. You’re ready to make an investment

Have you been saving for a down payment? Though the initial cost can often be a barrier to entry for first-time homebuyers, the down payment may not need to be as high as you think. Once you’ve saved enough money for that initial investment, however, the monthly costs associated with homeownership can be similar to what you would have paid in monthly rent. Only this time, your payments contribute to your property becoming an asset. The more you pay off your mortgage, the more valuable your home is to your personal net worth.

6. Long-term happiness

One of the biggest reasons to purchase a home is for the stability and security it provides you and your family. You can truly settle into space and life can slow down a bit. With the ability to personalize most aspects, and by thinking of it as a long-term investment, a home of your own becomes the place you cross milestones, celebrate holidays, and create lasting memories.

 

 

 

 

 

Posted in Buying a Home
May 3, 2021

10 PIPS BEFORE LISTING YOUR HOME

Before you put your house on the market, is very important to improve your home's presentation. 

The following 10 steps are a way to get a good head start on preparing to sell your home.

1. Welcome buyers. Make your front door visible and accessible to buyers. Paint the door, replace your doormat, clear debris and clutter from the walkway and yard, mow the lawn, and prune hedges. Pot or plant colorful annuals and perennials to attract attention from the street. 

2. Make it sparkle. Cleanliness implies a home has been well taken care of, so deep cleaning can win points with buyers. Buyers scrutinize homes, especially kitchens and bathrooms. Recaulk and repaint to give these grime-prone rooms a fresh and clean look. Clean rugs and carpets to eliminate unsightly stains or dinginess and eliminate odors. Tidy each room, including cabinets, closets, and the garage, before showing. Consider hiring a professional cleaning company to take care of all of it for you.

3. Declutter. Cramped and cluttered rooms turn buyers off and make your house look smaller. A home packed with your personal belongings also makes it difficult for others to envision living there. Start by storing away excess furniture, toys, and personal decorations, such as family photos. Pack up things you don't use on a daily basis, and put them away. Decluttering your house also gives you a head start on your move.

4. Paint wisely. A well-done, no-frills paint job is all you need. Put a fresh coat of paint on white or beige walls, and repaint walls that have eccentric or unconventional colors. Nature- and spa-inspired neutral colors, such as taupe and subtle gray, are the best choices. Definitely don't forget the trim and molding either. 

5. Fix the small stuff. Repair or replace broken or outdated hardware throughout your home. You can install new door handles, faucets, towel bars, and curtain rods - fixtures that are readily visible to homebuyers - rather inexpensively. 

6. Update lighting. Replace decorative light fixtures that no longer fit your home's cleaner, fresher look. Install new bulbs with the appropriate lighting for specific areas of your home. Use accent lighting to highlight focal points in a room, such as the artwork above a mantle, to draw buyers' attention to certain selling points.

7. Frame windows. Ensure you have the right window treatments, which enhance natural brightness and boost the appearance of a home. Window treatments also can impact a room's temperature because they reduce or increase the amount of light entering the space. 

8. Set the table. Fresh, decorative flowers in the kitchen or on the dining room table are always a nice touch. Also, keep place settings handy for your tables so you can quickly set them out right before showings or an open house. Pull out all the formal stops for a dining room, and keep the table casual in the kitchen.

9. Hide unsightly everyday items. Don't leave children's toys and pet belongings out in the open during showings and open houses. Move litter boxes, pet dishes, toys, animal crates, and kids' entertainment to less conspicuous areas of the home, such as an outdoor storage unit or garage before each showing or open house. Also, think about where you can store things like dirty laundry and dirty kitchen sponges.

10. Don't forget your yard. Keep your backyard looking spacious and functional. Plant or pot colorful flowers and keep the landscaping trimmed and neat. Consistently pick up after your pets so buyers feel comfortable touring the yard.

Posted in Selling Your Home
May 3, 2021

NEW DEVELOPMENT IN BURLINGTON

Presenting Nautique Lakefront Residences: a one-of-a-kind opportunity to live overlooking Burlington's vibrant waterfront. Discover sophisticated condominium residences within a shimmering glass tower, making a synchronous, ultra-modern statement in the sky. Exceptional living has arrived in downtown Burlington with Nautique’s picturesque waterfront views. 

Nautique Lakefront Residences is a new condo development currently under construction at 374 Martha Street, Burlington. The development is scheduled for completion in 2023. Sales for available units range in price from $579,990 to over $1,136,990. Nautique Lakefront Residences has a total of 240 units. Sizes range from 503 to 1015 square feet.

 

 

 

 

Posted in New Development
April 25, 2021

WHO IS DRIVING TORONTO REAL ESTATE PRICES?

There are many other factors that may be contributing to the dramatic price growth across the Canadian real estate market. 

Covid-19 prompted a spike in sales of single-detached homes at a time when condominium sales have dipped, and prices of detached homes are traditionally higher than condominiums. We’ve also seen an uptick in the luxury freehold market, with sales over $3 million posting their best year on record in 2020. All of these factors tend to skew prices higher.

To illustrate, this data table depicts the average prices for detached homes and condominiums from January 1-February 28, 2021, according to the Toronto Regional Real Estate Board.

After some concerns of overheating earlier in the year, there has been a shift in the market activity in recent weeks with more detached inventory coming on-stream. In areas north of 416, the increase in new listings appears to be meeting demand, with fewer bidding wars taking place. Evidence of this can be found in the number of listings that have been canceled and reintroduced to the market at a higher price point. The 416 also reported growing inventory levels.

Covid-19 fatigue is playing a role as well, with some purchasers taking a step back from the heated market conditions experienced during the second half of 2020 and in the first quarter of 2021.

 

Posted in Market Updates