Archive for November, 2012

Spotlight: “The Bellagio On Bloor”

The Bellagio On Bloor Photo

Some condos are notable because they’re located in the heart of a particular neighbourhood. The Candy Factory Lofts on Queen West comes to mind. The Europa building in Little Italy is another good example.

Then there are condos that are notable because they straddle the boundaries between more than one particular neighbourhood. The Bellagio On Bloor is one such condo.

It sits on the north side of Bloor Street East, just east of Jarvis St. You’ve got downtown to the south, Rosedale to the north, Yorkville to the west, and the Danforth to the east.

Continue Reading »

Toronto Real Estate Market Report: October 2012 Statistics

Toronto Real Estate Market Report: October 2012 Statistics Photo

Following is TREB’s market report for October 2012:  Greater Toronto Area REALTORS® reported 6,896 transactions through the TorontoMLS system in October 2012 – a decrease of 7.1 per cent compared to October 2011. There were two more business days in October 2012 versus October 2011. On a per business day basis, transactions were down by 15.6 per cent.*

“Sales have decreased in the second half of this year compared to 2011, especially since the onset of stricter mortgage lending guidelines at the beginning of July. The prospect of higher monthly mortgage payments due to the reduced maximum amortization period has prompted some households to delay their home purchase,” said Toronto Real Estate Board (TREB) President Ann Hannah.

Continue Reading »