April 2015 Real Estate Market Update Report

By: Lifestyle Realty Team

April 2015 Real Estate Market Update Report

Tags: monthly update

This past month has seen record sales of 11,303 transactions across the TorontoMLS, as announced by Paul Etherington, president of the Toronto Real Estate Board. The past month has set a new record for the number of sales for the month of April, a 17 per cent increase over April 2014. With the strong year-over-year increase in the total number of sales came along a calmer 5% increase in the numbe...Read More

Condo demand increases as house prices rise

By: Lifestyle Realty Team

Condo demand increases as house prices rise

Tags: luxury

Enter Blog Post HereIt is undeniable that Toronto’s home prices have been soaring for many months, and show little evidence of stopping. Riverdale, one of today’s GTA market hotspots, has seen two exemplary transactions: a semi and a detached house on Victor Ave., one listed for $949,900 and the other for almost $1,200,000, each sold for $300,000 over asking price! Realtors in the ar...Read More

Bridle Path home fails to sell

By: Lifestyle Realty Team

Bridle Path home fails to sell

Tags: luxury

Concierge Auctions from New York held an event at the Four Seasons Hotel this week for staggeringly wealthy buyers to bid on a 21,000-square-foot, eight bedroom home, in the style of the Palace of Versailles. Sadly, no bids exceeded the unreleased minimum reserve price. It is unfortunate to hear that the mansion still needs at least $1,500,000 for interior finishes and landscaping, after it has b...Read More

Toronto – king of luxury real estate

By: Lifestyle Realty Team

Toronto – king of luxury real estate

Tags: luxury real estate

It makes a Torontonian proud to read a report by Christie’s International Real Estate, which says that Toronto has had the fastest pace of luxury home sales last year over 2013 – 37 per cent in 2014, as compared with only 4 per cent the previous year. Naturally, Toronto’s very low supply of homes has pushed the prices of relatively modest homes to over $1,200,000, and up to $4,8...Read More

March 2015 Market Report

By: Lifestyle Realty Team

March 2015 Market Report

Tags: monthly report, March 2015

March 2015 Market Report April 10, 2015 Lifestyle Realty Team Paul Etherington, president of the Toronto Real Estate Board, reported a total of 8,940 transactions on the Toronto MLS system for March 2015. Tight market conditions continued last month with a 5.5 per cent increase in the number of listings, that nonetheless falls short of overwhelming buyer demand. With home prices on t...Read More

10 tips to designing the perfect living room courtesy of Dwell media

By: Lifestyle Realty Team

10 tips to designing the perfect living room courtesy of Dwell media

Tags: tips

10 tips to designing the perfect living room courtesy of Dwell media April 9, 2015 Lifestyle Realty Team   The living room is the arguably the centerpiece of every household, which is why it’s important to take the time to think carefully about how to position your furniture, where you to place your decorations, and how to create a fun yet relaxing atmosphere. Here ar...Read More

Semi-detached homes and condos gain popularity

By: Lifestyle Realty Team

Semi-detached homes and condos gain popularity

Tags: semi-detached, condos, market updates

Semi-detached homes and condos gain popularity April 9, 2015 Lifestyle Realty Team   Susan Pigg of the Toronto Star reports a rise in popularity of semi-detached properties, as they are seen as the next best thing to the luxury of detached homes which are now out of reach of most homebuyers’ budgets. As such, prices rose 8.3% in the 416 regions, and 9.1% in the 905 regions, ...Read More

Demand high – supply low

By: Lifestyle Realty Team

Demand high – supply low

Tags: tip

Demand high - supply low April 10, 2015 Lifestyle Realty Team   Olivia D’Orazio of Real Estate Professional reports that Toronto’s real estate market conditions have been characterized by a much lower supply than the overwhelming demand. The Toronto Real Estate Board reported that the lack of inventory is evident in the staggering 5.5 per cent increase in the number...Read More

Toronto February 2015 Market Report

By: Lifestyle Realty Team

Toronto February 2015 Market Report

Tags: monthly report, February 2015

Toronto Real Estate Board President Paul Etherington reported 6,338 home sales through the Toronto MLS system this February. This is a substantial increase over February 2014: an 11.3% increase year-over-year. With a notably high demand but insufficient supply, the average sale price for detached homes managed to reach a record-breaking $1.04 million. This is a new record for a single calendar ...Read More

Rapid price growth of detached homes in Toronto

By: Lifestyle Realty Team

Rapid price growth of detached homes in Toronto

Tags: toronto, detached, price growth

It is becoming increasingly clear that house prices are not going to drop any time in the foreseeable future. Realizing this fact, many buyers are recognizing the opportunities to invest in real estate now. Last month, 6,338 properties were sold through the MLS, which is a 11.3% increase over February 2014. Paul Etherington, president of the Toronto Real Estate Board, stated on the matter:...Read More