Archive for September, 2011

Spotlight: “Ideal Lofts” In The Little Italy/College Street West Area

Ideal Lofts In The Little Italy/College Street West Area Photo

Last August I wrote a BLOG post about the Europa condo building at 308 Palmerston Ave (read it here).  I pointed out that although the Little Italy/College Street West area is one of the most sought after in the city, residential condo/loft units in the neighbourhood are hard to come by.  One year later, this is still the case.

There are a few new developments in the works (CUBE Lofts near College and Shaw will be finished soon), but it’s still primarily the same three options we had last year; the converted church at 456 College St, Europa at 308 Palmerton Ave, and Ideal Lofts at 301 Markham St.

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Toronto Real Estate Market Report: September 2011 Mid-Month Statistics

Toronto Real Estate Market Report: September 2011 Mid-Month Statistics Photo

Following is TREB’s market report for mid-September 2011:  Greater Toronto REALTORS® reported 3,149 transactions during the first 14 days of September, representing an increase of more than 25 per cent in comparison to the first two weeks of September 2010. New listings over the same period, at 6,890, were up by 14 per cent compared to last year.

“Purchasing and paying for a home over the long term represents the single largest financial commitment most households will make over a lifetime. To make this commitment, households must be confident in their economic prospects,” said Toronto Real Estate Board President Richard Silver. “The fact that sales continued to grow through the first half of September suggests that GTA households remain confident that the economy will remain buoyant.”

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Say No To Status Quo And Repeal The Toronto Land Transfer Tax

A few months ago I wrote a BLOG post titled, “How Much Can You Expect To Pay In Land Transfer Taxes?” (read it here).  I provided a breakdown of how the various provinces calculate these taxes.  I even linked to a handy little calculator that shows just how much a resident of Toronto has to pay.  Let’s just say… it’s not chump change.

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Toronto Real Estate Market Report: August 2011 Statistics

Following is TREB’s market report for August 2011:  Greater Toronto REALTORS® reported 7,542 sales through the Toronto MLS® system in August – a 24 per cent increase over 6,083 sales in August 2010.  New listings, at 12,509, were up by 20 per cent compared to August 2010.  Market conditions remained tight as sales growth outstripped growth in new listings.

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Is It Better To Wait Until After Labour Day To List Your Home For Sale?

By on September 2, 2011 in Condos/Lofts, Events, Houses with 0 Comments

Is It Better To Wait Until After Labour Day To List Your Home For Sale? Photo

Labour Day weekend means different things to different people.

For some, it’s time to celebrate the economic and social achievements of workers.

For others, it’s the last chance to bust out those white slacks before burying them deep into the closet.

For realtors (and their sellers & buyers), it signals the end of the summer real estate market and the beginning of the fall market.

Generally, the Toronto market slows down a bit during the last few weeks of summer.

Why?

Well, many buyers who were actively looking in the summer market have already bought.

And those that haven’t often decide to put their search on the backburner and enjoy some vacation time while the weather’s still warm.

The same goes for many realtors.

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