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Two $5 Million Dollar Listings… In One Day!

Two $5 Million Dollar Listings... In One Day! Photo

Gotta love the photo I chose for this blog post. Two scantily clad ladies, an enormous electric guitar, cardboard flames and a glass box full of millions. Ah, Vegas in all its mundane glory…

How many $5 million dollar condos do you think sell in the city of Toronto in any given year? Ten? Twenty? I ran a search and found that a total of seven condos sold for $5 million or more last year on MLS.

Okay, how many $5 million dollar condos do you think pop up for sale on any given day?

Well, just last Thursday there were two. Both properties were posted on MLS within 1/2 hour of each other. Both listed at the exact same price (just over $5 million).

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Viewing Properties At Night? Be Sure To Take A Second Look During The Day

Viewing Properties At Night? Be Sure To Take A Second Look During The Day Photo

When most people picture themselves shopping for a home they imagine doing so on the weekend, during the day. After all, this is when the majority of open houses happen and it’s generally the easiest time for people to coordinate a couple of free hours.

In a busy city like Toronto however, realtors and buyers are out there pounding the pavement at all hours.  A lot of my buyer clients find it easiest to meet for viewings during the week, after work.  I’ve shown properties as late as 10:30pm on a weeknight.

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Condo/Loft Spotlight: “Chocolate Company Lofts” In The Queen Street West Area

"Chocolate Company Lofts" In The Queen Street West Area Photo

Over the last few years Queen Street West has seen its share of new residential development, the majority of which has sprung up around the Gladstone Hotel; Westside Lofts, The Bohemian Embassy, 2 Gladstone. Prior to these new buildings, Queen West was known more for the residential loft conversions that sit just west of Trinity Bellwoods Park; the Candy Factory Lofts and the Chocolate Company Lofts.

The Chocolate Company Lofts development is unique in that it’s actually a blending of conversion and new construction. The architects worked with two industrial buildings that were originally owned by the Patterson Chocolate Company, and used new materials (designed to match the old) to knit them together.

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Five For Friday

Five For Friday Photo

It’s roundup time!  Let’s take a look back at some of the more interesting articles and photos that popped up over the past few weeks…

#5.  What Apocalypse? Housing Market Predictions For 2012 [Infographic]

Five For Friday Photo     On December 28th, the folks over at BuzzBuzzHome  posted an informative infographic illustrating the CMHC’s major predictions for the 2012 Canadian real estate market. The total number of units is expecting to increase by 1.9% over 2011. And the average price is expected to increase by 1.2% over 2011. Read the full article here. (more…)

Condo/Loft 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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Challenge Issued… Challenge Accepted!

I opened my email this morning to find a message from my office with the subject line, “Realtor Food Bank Challenge“.  Apparently, my brokerage (and a few others in downtown’s west-end) have been publicly challenged by Mark McClean from Bosley Real Estate Ltd. to a food drive for the Parkdale Community Food Bank (check out the video above).  What’s my personal reaction to the challenge?  I think it’s a brilliant idea (good on ya’, Mark!) and I humbly accept.

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Love Where You Live? Tell Us Why For A Chance To Win $20,000!

Love where you live?  Looking for a way to publicly sing the praises of your neighbourhood or community?  Interested in a chance to win $20,000?  You’re in luck…  Last week Royal LePage kicked off their annual “My Great Neighbourhood” contest!

It’s simple – submit a short paragraph explaining why you love your neighbourhood or community.  And be sure to include up to 5 photos or 1 video as part of your submission. Take a look here and click on “Past Entries” to see what other contestants have come up with.

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Condo/Loft Spotlight: “The Hudson” In The King Street West Area

The Hudson In The King Street West Area Photo

Over the last few years, King Street West (I’m talking here about that stretch of King running west from Spadina to Bathurst) has seen plenty of residential growth.  Not only in the number of new buildings in the area, but in the value of the real estate as well.  Per square foot, this is one of the priciest areas in the city.

Yes, Mr. Freed is responsible for much of the new development here (The Thompson Residences, 66 Portland, 20 Stewart…).  But let’s not forget the building that sits at the eastern end of this stretch – the building that in many ways set a benchmark of quality for all that would follow…  The Hudson.

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What Happens When A Seller Mistakenly Lists Their One-Bedroom Condo As A Bachelor?

What Happens When A Seller Mistakenly Lists Their One-Bedroom Condo As A Bachelor Photo

     I remember going back-to-school shoe shopping one year as a kid.  I had my heart set on a pair of red Adidas Sambas.  With cash in hand, I biked to the mall and made a bee line for K-Mart’s sneaker section.  But the Sambas were nowhere in sight.  I searched high and low before approaching the cashier.  After hunting around for awhile we finally tracked the shoes down – they’d been mistakenly placed in the women’s sandal section!

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Toronto Is About To Get Re-Districted!

Toronto Is About To Get Re-Districted Photo

     Take a look at the above photo.  This is how the Toronto Real Estate Board divides up the city.  Furthermore, each of these four areas (Central, North, East, and West) are divided up into districts.  For example, the Central area is divided up in Disticts C01, C02, C03… C15 (check out the photo below). 

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