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Toronto, ON Real Estate News

By Alan Read-Chua
(Sutton Group Associates Realty Inc., Brokerage)
In all of Canada's large cities, condominium real estate is a very hot niche in the market, and Toronto is no exception. Condominium life is very appealing to the lifestyle and work atmosphere of the modern working individual and family for several reasons. Upkeep for a condominium unit is minimal when compared to the many tasks that must be performed regularly on a single family detached home. A condominium complex offers close community living without many of the downsides of spread out neighbourhoods; in fact, condominium complexes can accurately be described as neighbourhoods that are vertical rather than scattered. Most condo complexes also include recreational facilities, and of course one of the main appeals of condominium life is the close proximity of amenities.Because of the v...
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
Join the Toronto Community at the University of Toronto to create an action plan for positive change, and voice your opinion on existing developments. I think realtors' input will have an effective impact in this forum.   PEOPLE PLAN TORONTO, a group of representatives from neighbourhood organizations across the City of Toronto, invites you to get involved in a one-day Neighbourhood Planning Summit on Saturday, May 26 to identify problems with the planning process in the City, consider alternative models, and create an action plan for change.The purpose of the day is two-fold: first, to learn from each other and experts about the planning process, its flaws, and potential solutions; and second, to come up with an action plan for change that will engage and involve communities across the...
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By Steven Campbell, REALTOR
(Forest Hill Real Estate Inc., Brokerage)
Today the Toronto Real Estate Board (TREB) is reporting the highest mid month total ever with 5003 sales reported.  That is an 11 percent increase of May last year.  Overall the there is about a 5 percent increase this year.  The list price to sell price ratio is excellent at about 99 percent.  Now is a good time to consider selling your home.Steven Campbell, Sales RepresentativeColdwell Banker Terrequity Realty. Brokerage*http://www.stevencampbell.ca/*independently owned and operated.Source (TREB) Subscribe to Toronto Real Estate | Condos | Listings by Email Loading...
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
I recently did a survey among 14 prospects who are first time buyers. Other than price, location, amenities, convenience, security, layout, they were ask to rate the importance of the following eco-friendly features if they were to be taken into consideration. Rated from 1 out of 5 points for each question (with 5 being the most important in what they want to get most out of a green home)[4]      State of Art Technology: leading edge energy and mechanical systems technology, rain water collector, solar water heating[5]      Cost Savings: greater energy efficiency in the long run, lower operation cost[4]      Sustainable and recycled products and finishes: low emission from toxic chemicals from glues, paints, stains, to  improve indoor air quality and save your lungs[3]      New innovati...
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By Jarrett Hunter, Sales Representative
(Royal LePage)
As recorded in my PodCast at www.TuneInRealEstate.com and www.CondosinDowntownToronto.com:Hi, my name is Jarrett Hunter and I am a downtown Toronto realtor with Royal LePage.  This is the market information for April 2007 for my area which is downtown Toronto - best defined as the area south of Bloor Street to the lake, west of the Don Valley Parkway and east of Dufferin Street. - I like to refer to it as "the Core." Toronto Real Estate Board Members reported 9452 sales of single family dwellings in the GTA in April, a 13% increase over April of last year and makes it the biggest selling month of all time in the boards history! The downtown area had a total of 833 active listings with a total sales volume of 520. 406 of these were condominiums.In spite of the large sales numbers for Apr...
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
The Revitalization of the Art and Design District of Toronto has been the hotbed for discussion for the last 9 years.  The City of Toronto has proposed to redevelop the area, which includes the tearing down of a converted historical industrial building known as 48 Abell currently accomodating 200 artists studio, to be replaced by an affordable, high density tower aimed at - guess what - the arts community. The local community is trying to understand the concept of "Tear down an artisits community to build an artists community?" The developer's interest rose out of "wanting to create an artist environment" from an already existing flourished arts community. However, the existing building home to 80 live/work studio spaces is exactly what the artists need.  Some spaces were formally used ...
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By Sandi Gerrard
This just blows me away ... I grew up very close to this neighborhood, passing through often to get to the subway station, doctors office etc.  Row upon row of miniature bungalows that always reminded me of doll houses.  No doubt this two bedroom will be bulldozed to make way for something which looks totally out of place.http://www.thestar.com/Athome/article/210639 
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By Sandi Gerrard
I was born and raised in Toronto and lived there for most of my 40+ years before moving to Brampton.  Toronto is such a beautiful, pedestrian city with so much to offer.  I wish had time to play tourist for a day.  I have just posted a few photos on Localism for those who would like to "visit".The photos were all taken by my sister, a professional photographer.  If you'd like to see more of her work featuring Toronto landmarks, communities, etc. ... (and if you have about 10,000 hours to spare) go ahead and browse:http://www.annedehaas.com/http://www.annedehaas.blogspot.com/http://www.flickr.com/photos/annedehaas/
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
On Saturday May 5th, a number of prominent Torontonians will be leading walks around the city's neighbourhoods to celebrate the life and work of the late Jane Jacobs.  Each walk will highlight the people, places, and public spaces that make that particular community interesting and unique. This is also a great opportunity for those that visiting the city of Toronto, or are planning to purchase a home in these selected neighborhoods to learn about the unique characteristics. I will be participating in the Queen West Art Galleries walk and participating in the discussion on the latest development in the area. Jane's Walk is a great opportunity for Torontonians to discover their own city; both the places they think they know well and the places they want to explore. Visit http://www.janesw...
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By Nalliah Thayabharan, Home Inspector - Commercial Building Inspector Toronto
(Expert Building Inspections Ltd)
Corktown, one of Toronto's most historic areas is poised for massive redevelopment.  Corktown is a historic Old Town neighbourhood in downtown Toronto is located just south of Regent Park and north of the Gardiner Expressway, between Berkeley Street to the west and the Don River to the east. The southern part of this area borders, but is not part of, the Distillery District and contains many vacated industrial buildings, some in use by production and movie studios. The proposed "West Donlands" urban re-development project, slated to be built over the next few years, will encompass the south-east corner of this area. This area is central to the history of Toronto. Upper Canada's first Parliament Buildings were at the corner of Front and Parliament streets until being torched during the w...
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By Nalliah Thayabharan, Home Inspector - Commercial Building Inspector Toronto
(Expert Building Inspections Ltd)
Toronto builders could face mandatory green standards by the end of the year. Toronto has had a voluntary standard for a year. To date one highly efficient office building has been constructed and couple more are planned. City of Toronto officials are now looking at all the issues involved in a shifting to mandatory rules.  City of Boston recently imposed standards on all new buildings larger than 50000 squre feet.Green buildings are more expensive to design and build than conventional buildings. Nalliah Thayabharan, Registered Home Inspector, Member of CAHPI-Ontario and Certified By ASHI, Expert Building Inspections Ltd., Markham ON 905 940 0811 www.expertinspector.com
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
During my recent trip to Hong Kong, I came across this familiar household product as a giant 3D display at the entry/ exit point of the Cross Harbour Tunnel, this format being installed at one of the heaviest traffic location and busiest tunnel in Hong Kong to capture the attention of different mix of consumers from over 120,000 vehicles and buses daily from both sides of the traffic. This advertising company targets the busiest SmarTunnels network in Hong Kong. Medium is the message? How effective do you think this form of green advertising is, compared to web and print advertising to capture consumer awareness? Not all street ads get noticed. I think it's brilliant.  Anne Lokwww.urburbia.cawww.annelok.com
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By Anne Lok, Toronto Modern Real Estate
(Berkshire Hathaway HomeServices Toronto Realty)
Many first time buyers are too worried about being able to find a home they can afford, and are neglecting the cost savings options they have in the green real estate market. Sourcing an energy efficient home can lower energy bill and benefit from cost savings in the long run. I recently contributed to a real estate article for the Globe and Mail titled " How much inefficient house can you afford?" for first time buyers. This article along with the supplement of the green buyers guide are good general information for buyers.http://www.theglobeandmail.com/servlet/story/RTGAM.20070411.re-inefficient-0411/BNStory/RealEstate/http://www.theglobeandmail.com/servlet/Page/document/v5/templates/hub?searchText=kathy+flaxman&hub=Search&searchType=Quick  Anne Lokwww.urburbia.ca
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By Sandi Gerrard
This Toronto Star article by Christian Cotroneo (April 17/07) gives us a glimpse into one of the smallest homes around.  "Toronto contractor Arthur Weeden built the house in 1912, essentially taking shrewd advantage of the city forgetting to turn the space into a proper driveway. He and his wife lived there for 20 years." http://www.thestar.com/News/article/203781 
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Location * Location * Location High Park is a beautiful old part of Toronto West, but this is not exactly what I would imagine a home to look like in that price range.  Only 1900 square feet, it sold for $46,000 over the asking price in just 10 days.http://www.thestar.com/Athome/article/202960There are other homes shown for North York and Thornhilll areas. (Source Toronto Star, April 14/07)
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By Franco Dinatale
(Remax Condo Plus Corp. Brokerage)
Stock market fluctuations have many people turning an eye to real estate as their investment option.  Toronto condo property can most assuredly be a worthy real estate investment.  With the construction of a growing number of upscale condominiums, the Toronto core now boosts a selection of gorgeous city condos that offer such features as fourteen foot ceilings, granite countertops, hardwood floors and lots of windows for sunny exposures. Some are so open and spacious you feel like you are living in a house.  Changing demographics, lifestyles and social patterns are creating a whole new market for condo investment.  People are looking for convenience, style, comfort and the security amenities offered by many of the condo developments.For many people real estate is the chosen investment o...
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By Steve Kerlovich
(CB Richard Ellis Limited)
Buying a piece of industrial property means considerations above and beyond those entailed when considering a piece of residential real estate. Some important things to think about when it comes to purchasing industrial property, are tax issues, zoning, and some business basics.TaxesProperty taxes on industrial properties are quite high, and the rates increase the deeper one gets into the business centre of a major city. As Canada's largest metropolis, the greater Toronto area's industrial property taxes are anywhere from double to triple the rates paid by residential property owners.  Determining which piece of property in the Toronto area is right for your operation must take this cost into account.ZoningWhen it comes to industrial properties, zoning considerations are always a prime ...
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By Sandi Gerrard
I much prefer reading the newspaper online because the ink stays on the screen and my Blue Box stays empty !  So here are a few clippings from my weekend reading ... and I didn't even have to use the scissors."Garden room fad sprouting new roots" - http://www.thestar.com/Athome/article/202202"Website helps avoid shoddy contractors" - http://www.thestar.com/Athome/article/202185"Let your foyer create good first impression" - http://www.thestar.com/Athome/article/202198"Natural influences" - http://www.thestar.com/Athome/article/202248 (Source, Toronto Star, April 14, 2007)
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Don't forget the National Home Show starts today (April 13) in Toronto.  It takes place at the Direct Energy Centre at Exhibition Place through to April 22.  Here's a link to the Show site for ticket information - http://www.nationalhomeshow.com/ME2/Sites/Default.asp?SiteID=80EA9EABB89F4FAFA51E00279F3D0AC4 There was also a good article in the Toronto Star today, about the "Dream Home" that will be on display at the Home Show - http://www.thestar.com/Athome/article/199664  
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I stumbled upon this document quite by accident while searching for something totally unrelated on the Internet ... funny how that works.It is a Canada wide market outlook for 2007, which I thought would be of interest to my fellow stagers.  I do apologize if it has already been posted somewhere on ActiveRain by one of the Realtors.http://www.remax-oa.com/MarketReports_PDF/Oct06-MarketOutlook/MarketOutlook-RPT-Oct06.pdfThe report states that "Double-digit increases in housing prices were reported in Vancouver, Victoria, Kelowna, Edmonton, Calgary, Winnipeg, and Halifax while more modest gains occurred in Saskatoon, Regina, Toronto, Hamilton, Ottawa, Kitchener-Waterloo, Montreal, Saint John, and Charlottetown." And in the GTA (Greater Toronto Area) "Over 45,000 homes sold during the firs...
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