Category: Toronto Neighbourhood Posts

Category: Toronto Neighbourhood Posts Toronto Condo buyer needs $100,000 in income to buy a Condo in 2019

            Toronto Condo buyer needs $100,000 in income to buy a Condo in 2019 Condo rents up 10.7 per cent as fewer buy homes One-third of would-be buyers have exited the market Some relief ahead for homebuyers, Urbanation predicts   The income needed to qualify for a mortgage (mortgage qualifying) on an average Greater Toronto Area condo has soared by nearly a third over 2017, according to a new report, and it’s due to both rising prices and tougher new mortgage rules. Homebuyers needed an income of at least $100,000 to qualify for a mortgage

View Article...

Category: Toronto Neighbourhood Posts Toronto condo rent hikes may slow in 2019 with more condo units available for rent in 2019

              The average rent for a one-bedroom condo in the Toronto region has surpassed $2,000 for the first time, hitting $2,056 in the third quarter of 2018, according to market research firm Urbanation.   Mr. Hildebrand, President, said he expects rents to moderate going into 2019 as more apartments and condos become available. But in the short-term the demand from a growing population and consumers shut out of the home ownership market continue to outstrip the supply for rentals and push up the cost of leasing. “It isn’t a coincidence that rents and (home)

View Article...

Category: Toronto Neighbourhood Posts 388 Yonge St, Toronto Condo, Yonge and Gerrard, 2+1 br, 3 w/r, Sold Price $2,905,000

downtown tornto         388 Yonge St, Toronto Condo, Yonge and Gerrard, 2+1 br, 3 w/r, Sold Price $2,905,000   Address: 388 Yonge St., Unit 7610,   Main Intersection: Yonge St. and Gerrard St. W.   Asking price: $2,999,000   Selling price: $2,905,000   Previous selling price: N/A   Area: approx 3,055 sq. ft.   Parking: 2 owned underground spaces + 1 owned locker   Maintenance fees: $2,200 / month   Realty Taxes: $16,097 (2017)   Bedrooms: 2 + 1   Bathrooms: 3   Sold: March, 2018                      

View Article...

Category: Toronto Neighbourhood Posts 155 Dalhousie St., Toronto Condo, Church and Dundas, 2 br + 2 w/r, Sold Price $1,350,000

      155 Dalhousie St., Toronto Condo, Church and Dundas, 2 br + 2 w/r, Sold Price $1,350,000   Address: 155 Dalhousie St., Unit 759,   Major Intersection: Church St. and Dundas St. E.   Asking price: $1,288,000   Selling price: $1,350,000   Previous selling price: $1,100,000 (March 2017)   Size: approx. 1,765 sq. ft.   Parking: 1 owned underground space + 1 owned locker   Maintenance fees: $1,156.99 / month   Taxes: $2,510 (2018)   Bedrooms: 2   Bathrooms: 2   Sold: March 4, 2018.                           This

View Article...

Category: Toronto Neighbourhood Posts 275 Yorkland Road Condos For Sale, Don Mills Subway Condos For Sale

      For Sellers, 275 Yorkland Rd Condos for Sale, Central Toronto   Are you thinking to sell your Condo in 275 Yorkland Rd, North York?   For a “Free Market Evaluation”, please click the “Free Market Analysis Online” image below and complete and send the “Market Evaluation” form.   Please call or text Max Seal, Broker at 647-294-1177 or click Contact Max link and send an email for a FREE 30 min. consultation with NO obligation.   We keep all personal information confidential and it will be used for ‘Market Evaluation’ only.     For Buyers, 275 Yorkland

View Article...

Category: Toronto Neighbourhood Posts 88 Charles St. E, Toronto – Central Toronto Condo Sold

  YONGE-CHURCH CORRIDOR Location: 88 Charles St. E., Unit 403, Bloor St. E. and Church St. Asking price: $299,000 Selling price: $337,500 Previous selling price: $127,500 (2004) Size: about 477 sq. ft. Parking: no parking, no locker Maintenance fees: $329.21 per month Taxes: $1,506 (2016) Bedrooms: 0 (studio) Bathrooms: 1 Days on the market: 5                             The affordable downtown studio unit located in a midrise building sold for 113 per cent of the asking price in less than a week. “This conveniently located studio suite situated one

View Article...

Category: Toronto Neighbourhood Posts Growth to New Condos in 2016 and 2017 in Bloor-Yorkville

  Once a refuge of hippies, artists, and folk singers, Yorkvillle has transformed over the last forty years to become one of the city’s toniest neighbourhoods, home to the country’s most expensive commercial real estate, along with some of the city’s best restaurants and hotels, and at its northern periphery, to some of the most well-kept Victorian row-homes in Toronto. Eminently walkable, and well served by transit, this beloved Toronto neighbourhood has become a nexus of wealth and style, with condo and home prices that very much reflect its ever-increasing exclusivity. This edition of our Growth to Watch For series

View Article...

Category: Toronto Neighbourhood Posts Growth to New Condos in 2016 and 2017 in Downtown Toronto North

  In this edition of our Growth to Watch For series, we will take a tour of Downtown North, a relatively small, yet rapidly intensifying area of Toronto defined by the University, Bay, and Yonge Street corridors from Charles to Gerrard. Neither as jam-packed with tourists and day-trippers as the Downtown Financial Core to the south, nor as glitzy as Bloor-Yorkville’s Mink Mile to the north, Downtown North has long served a mixture of more staid urban usages. To the west, Hospital Row, the University of Toronto, the Ontario Legislature, and several government ministry buildings of Queen’s Park have defined University Ave,

View Article...

Category: Toronto Neighbourhood Posts Map Shows How Expensive Condo Prices Are Along Subway Lines

  If you’re in the market for a new residence, but don’t want to stay far from the Subway line, Toronto Star has created a map that indicates the average cost of condos nearest TTC subways stops. The map shows the average price per square foot you pay to purchase a Condo in Toronto. According to the information provided by Condos.Ca, the cost of homes appears to increase along the Bloor-Danforth line, the closer you get to The Yonge-University Line. The areas with the most bang for you buck are Yorkdale, Ellesmere and Laurence East, while Museum, Queens Park and

View Article...

Category: Toronto Neighbourhood Posts Central Toronto Condo Recent Reno Helped Forest Hill Suite Sold Over Asking

  616 Avenue Rd., No. 103, Toronto ASKING PRICE $989,800 SELLING PRICE $1,050,000 PREVIOUS SELLING PRICE $515,000 (2010) TAXES $3,897 (2014) DAYS ON THE MARKET 27 The Action: When listed, this three-bedroom-plus-solarium suite was the only available unit in an established mid-rise south of Upper Canada College. About two dozen showings were lined up over the space of a month, yielding two offers. It sold to the better bid of $60,200 over the list price. What They Got: In recent years, about $200,000 was spent improving the appearance of this third-floor suite, from smooth ceilings and hardwood floors in the

View Article...