Archive for March, 2014

Would You Pay $1 Million Dollars For A Home… With No Parking?

By on March 31, 2014 in Houses, Neighbourhoods, Parking with 0 Comments

Would You Pay $1 Million Dollars For A Home... With No Parking? Photo

“For a million bucks, we want a parking spot.”

Those were the exact words my clients used.

Let’s back up…

Last year I was working with some buyers who were looking to purchase a home in the Bloor West/High Park area.

A few weeks into our search a gorgeous house popped-up for sale.

It seemed to have everything these guys were looking for; it was fully detached, located on a great street, had a finished basement with remarkably high ceilings, an impressive master suite, a huge backyard…

It was missing one VERY important feature though… parking!

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Spotlight: “The Residences of 8 Park Rd” in the Yorkville/Bloor Area

Spotlight: "The Residences Of 8 Park Rd" In The Yorkville/Bloor Area PHOTO

When one thinks of iconic Toronto intersections, Yonge & Bloor undoubtedly comes to mind.

From a real estate perspective, the area has a certain cachet that is undeniable and has been known to put buyers (and realtors) into a state of frenzy (remember all the hoopla surrounding the launch of One Bloor Condos a few years ago?).

Thankfully, One Bloor isn’t the only option in the area!

There are a handful of condo buildings within spitting distance of Yonge & Bloor that actually offer relatively good value for the money.

The Residences of 8 Park Rd is one such building.

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Toronto Real Estate Market Report: February 2014 Statistics

Toronto Real Estate Market Report: February 2014 Statistics Photo

Following is TREB’s market report for February 2014:  Toronto Real Estate Board President Dianne Usher announced that February 2014 home sales reported by Greater Toronto Area REALTORS® were up by 2.1 per cent compared to the same period last year.

Total February sales amounted to 5,731 compared to 5,613 last year.

“Despite the continuation of inclement weather in February, we did see a moderate uptick in sales activity last month.

The sales increase was largely driven by resale condominium apartments.

New listings of resale condominium apartments were up on a year-over-year basis, giving buyers ample choice.

This is in contrast to the listings situation for singles, semis and townhomes, where supply continued to be constrained.

Some would-be buyers had difficulty finding a home that met their needs,” said Ms. Usher.

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