This article from today's Toronto Star (April 9/07) reports that more Toronto neighborhoods now have homes selling for $1 million."Homes in some Toronto neighbourhoods are going for more than $1 million for the very first time, according to Royal LePage Real Estate Services."The article further states that:"Ironically, the reason these neighbourhoods are becoming more desirable is that other communities are just too expensive ..."http://www.thestar.com/Athome/article/199728  04/09/2007

Of interest, perhaps ...http://www.thestar.com/Athome/article/199726Toronto Star, April 9/07 ~~~By contrast, a first quarter report released by Royal LePage indicates that Canada's housing marketing is off to a strong start.(For more information, see my other entry re "Million Dollar Homes")~~~Right in the middle of this posting, I was interrupted by the telephone, the dog or some other such nonsense (how dare life get in the way) ... what I wanted to add was:  I don't think it's possible for there ever to be a housing slump - as long as there are people, we'll need houses won't we? 04/09/2007

APRIL 2007. Prices increased moderately in March, with the average up three per cent over 2006 to $365,285. "Prices are rising above the rate of inflation (currently about two per cent), but not so rapidly that first-time buyers will be pushed out of the market," said TREB President Dorothy Mason. During last month, TREB Members reported 8,518 sales of single-family dwellings across the GTA. "While down modestly (two per cent) over last year's total of 8,707, any result over 8,000 must be considered a strong performance," noted the President, "We expect a similarly robust showing from the remainder of the spring market." Breaking down the total, 3,233 sales were reported in TREB's 28 West districts and averaged $343,475; 1,521 sales were reported in the 14 Central districts and averaged... 04/09/2007

Hi, my name is Jarrett Hunter and I am a downtown Toronto realtor with Royal LePage.  This is the market information for March 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 8,518 sales of single family dwellings in the GTA in March, a decrease from March 2006 (8707 sales). Still, any number over 8000 indicates a very robust market overall.  The downtown area had a total of 891 active listings with a total sales volume of 491 (almost a 25% increase from February's sales volume). 397 of these were condominiums.As we enter into the spring market we see many more purchaser's entering and with ... 04/08/2007

Here's another good article from The Toronto Star, Homes section that talks about the shift from size to style and finishes.It predicts that the "supersized" house trend will likely be over within the next decade.  Hurray !  We never did like those MONSTER homes that popped up along an old street filled with wartime bungalos.http://www.thestar.com/Athome/article/197183  04/03/2007

By Nalliah Thayabharan Registered Home Inspector. Member of OAHI & CAHPI-Ontario ASHI certified Inspector. www.expertinspector.com Expert Building Inspections Ltd 905 940 0811 There is no single government authority, which provides written certification that any given basement apartment is legal. Smart real estate agents never list a house as having a legal basement apartment since they do not want to guarantee that the basement apartment complies fully with all the applicable fire codes, building codes, Electrical Safety Authority regulations and zoning and housing standards by-laws. The Ontario Building Code which prescribes minimum requirements for the construction of buildings is a code that applies only when the house was built. The building code changes over the time but for the m... 04/01/2007

A proposed land transfer tax, by the City of Toronto, will undermine affordability and property values.  With the passing of the City of Toronto Act, that gives Toronto more powers to govern the city, many new proposals have been tabled to generate income for the city to cover the costs of services.  One one of these is a land transfer tax of around 0.5% of the purchase price on all properties in Toronto.  This may seem quite reasonable, except that we already pay the Ontario government a land transfer tax on a graduated scale from 0.5% to 2% with the average home being just over 1%.Affordable housing has been a big issue in Toronto (Ontario, Canada) for a long time and this tax will only make things worse.  The average Toronto home ($380,000 in 2006) will have an extra cost of $1,900 i... 03/25/2007

The single most important decision you will make with your Real Estate Agent is to determine the correct asking price for your property.Once you've achieved a realistic asking price, you can should be able to count on your property being professionally marketed and promoted to bring more buyers to your door. You can should also expect to sell your property for the highest possible price in the least amount of time.Why Pricing Right is Important Your property will sell quicker, because it will be exposed to more qualified buyers. Your peoperty doesn't lose its "marketability." The closer to the current market value, the higher the offers will be. A well-priced property can generate competing offers and even over asking price. Real Estate Agents will be more enthusiastic about presenting ... 03/23/2007

WOW! Just wanted to take the time to thank everyone who dropped by over  the past week to view the loft I had listed at 68 Broadview. WOW! There certainly was a lot of you! I know quite a few of you were neighbors just wanting to sneek a peek but I also had a ton (over a hundred people/couples) come through the door looking for the perfect loft to call home. So ... are we running out of original loft and condo spaces in the downtown area? Maybe. The nice thing about the Broadview Lofts (Candy Factory, Tip Top, etc.) is that many units in the building are unique to themselves - no copies. No living in a box! Your own space that no one else can say is exactly like theirs. There is something to be said for that.  A few years ago I was telling people that loft living was just a trend (phase... 03/16/2007

Condominium buyers in Toronto, Canada, have the most choices in home purchases anywhere in the nation. The vast population that calls the city home means that new buildings are constantly going up, and that there are condos suitable to all price ranges throughout the city. Several realtors in Toronto specialize in the sale of luxury condo units near downtown Toronto within easy reach of all amenities and entertainments, as well as to major high-end employers such as those located in the financial district. Here are some of the luxury condo buildings located near downtown Toronto. Financial DistrictBuilt in 1989, the Century Plaza building incorporates architectural beauty that is still popular today. Rounded edges and sheer sides make for a sleekly elegant look that immediately grabs th... 03/13/2007

The dry basin of post-glacial Lake Iroquois is where you will find the Toronto, Canada community fondly known as "the Annex". The community was given its name by Simeon Janes in 1886 when he surveyed the land that would make up the community. Before the Annex was surveyed, it was part of the province of Yorkville which was a municipal village. Due to rising costs of services, the residents of Yorkville agreed to annex to the City of Toronto thus creating the need for surveyors and a new name. While development did occur in the Annex, it was slow in coming since the area was favored as a residential community. High-class residences abounded here and any address located in the Annex was considered to be a prestigious one. Today, the Annex is still favored as a residential area although so... 03/12/2007

Every-time or anytime there is a large investment to infrastructure or transportation, it means to property owner’s in the area new demand, new attraction. Buyers that were not willing before to move so far from the city’s core are now willing to. Homeowners will definitely benefit from this investment and so will the city. Joey Khan, GREATER TORONTA AREA (GTA) REALTOR®  Specializing in Residential and Investment Real Estate Re/Max Realty Specialists Inc., Brokerage Office: (905)-858-3434 ext. 1186 Direct: (416) 918-2912 or visit: http://www.toronto-homes-guide.com/ Or Toll Free 1-800-263-3434 03/10/2007

TREB Members reported 6,772 sales in February, an increase over February 2006 (6,756 sales) and the second best total for this month ever recorded, TREB President Dorothy Mason announced today. "While the weather last month may have been cold, Toronto's resale housing market remained hot," noted Ms. Mason. "And while it is too early to make predictions, it is clear from the start of 2007 that the spring season is likely to produce sales numbers at east comparable to those of the past several years, which have been record or near-record performances." Meanwhile, average prices climbed four per cent over the previous month to $368,687 as sales activity accelerated. They were also up four per cent from the February 2006 figure of $353,928. The average time-on-market was a torrid 35 days. B... 03/08/2007

The Allegro at Opera Place in Toronto is located at on the east side of Bay Street and south of Wellesley.  It is a beautiful building that was built in 2000 with the modern day style in mind.  With its large windows , modern atmosphere and spectacular city views, it is a lovely place to call home.  The building is host to many different condo layouts including bachelor as well as one, two and even three bedroom suites. Ranging from 476 square feet to 1480 square feet (depending on the number of bedrooms), most of the units have balconies, some have patios and the upper suites on the east exposure have a lake view. The selling prices range from $150K to $600K.The building's amenities include an exercise room, a party/meeting room, guest suites, visitor parking, 24-hour concierge service... 03/08/2007

Camden Lofts, west of Spadina and south of Richmond Street, were created with the traditional style of loft in mind.  The building contains lofts with exposed concrete walls of up to 10 ft, sealed concrete floors and concrete ceilings. All 59 units have huge industrial style windows and suspended spiral ducts. A selection of old industrial hardware often serves as light fixtures and door handles for a more authentic feel. There are eight floors in total, with floors 2 to 6 consisting of one and two bedrooms suites ranging from 683 sq. ft to 1200 sq. ft, and floors 7 to 8 having terraces on the front side of the building.The Camden Lofts are located in an area that is becoming a hot spot for new shops, yet it is situated on a quiet side street. It is nearby restaurants, clubs, spas, Chin... 03/08/2007

One of the most tourist friendly locations in Toronto, the Beach district is also a welcoming spot for anyone interested in purchasing real estate. Part of the allure of this stretch along Queen Street East is convenient access to many entertainment amenities, which includes over 60 different restaurants. Whatever your particular taste, there is guaranteed to be a restaurant in the Beach district to suit your mood. In the mood for a casual dinner of pizza or subs? There are several restaurants waiting to fill that empty spot in your stomach, including established chains like Pizza Hut and Mr. Sub as well as independent and well reviewed establishments like Pizza Nova.Those in the mood for different fare can try out some of the casual dining rooms specializing in western fare that dot th... 02/26/2007

The popularity of condominiums has been on the rise over the last decade, as young people are starting families later in life and tending more towards having fewer children than ever before. Condominiums offer the opportunity for a lot less maintenance than would come with a single family stand alone house, and most have features such as recreational facilities and 24 hour security which do more than enough to satisfy the needs of busy people. In addition, condominium complexes are often located right in the heart of the city, so that the commute both for work and for entertainment purposes is cut down to a matter of minutes.  Living in the suburbs of any major city can mean up to two hours of driving, each way, just to get to work and back!As Canada's largest city, Toronto offers all t... 02/24/2007

As per an article in today's Toronto Star, neighbourhoods of Swansea, Roncesvalles and Parkdale enjoyed the highest one-year appreciation among single-detached homes in the Greater Toronto Area in 2006. Homes in those neighbourhoods now hover at $642,000, up by 18 per cent from $544,000 at the end of 2005, making it the best return on investment in the Toronto area.  Offering older, character homes in proximity to the High Park and Old Mill neighbourhoods, the area has benefited enormously from the renovation boom of recent years.  The multimillion-dollar refurbishing of the Drake and the Gladstone hotels - favourites with the modelling and film industries - has been a big part of the Parkdale renaissance. Some buyers end up in Parkdale or Roncesvalles after being priced out of the High... 02/23/2007

If you're thinking of purchasing your first home, you probably have a lot of great ideas about what you'd like - such as several thousand square feet of living space, a two-car garage, large fenced-in lot, one or two fireplaces and a panoramic view. But it may be time for a reality check.  Most first-time buyers want their dream home right away. However, that dream home likely sells for several hundred thousand dollars and the down payment is more than you earn in two years. Not to mention the mortgage payments - which are three times your monthly take-home salary!The best way to deal with this reality is to match your financial capabilities with the home that meets as many of your needs as possible.Many first-time buyers purchase what is commonly known as a "starter home." There's noth... 02/21/2007

When it comes to purchasing a home in a big city, condominiums are the residence of choice for many. The price of a single family dwelling within the limits of large cities is often prohibitive to most buyers. Condominiums can run the gamut of prices as well, and are a popular option among wealthier buyers, but the main buyers of condominiums continue to be middle class singles who do not wish for the long commute from the suburbs to their jobs in the city. Potential buyers in the Toronto area should be aware of the new developments that are available within the city. The West Harbour City project is in phase two of its development, and includes units starting at $229,990. Luxury is the name of the game with this scenically located project at the west end of Toronto. The complex include... 02/20/2007