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

Detached home sale prices rise

By: Lifestyle Realty Team

Detached home sale prices rise

Tags: detached, toronto, trends

Unfortunately, the affordability of detached homes in Toronto has diminished further last month. Toronto Real Estate Board data reveals that the average sale price of detached homes in Toronto has surpassed the $1,000,000 mark. TREB explains that "the overall supply of homes for sale, as measured by the count of active listings at the end of February 2015, was down by 8.7 per cent co...Read More

Is your home ready for the spring season?

By: Lifestyle Realty Team

Is your home ready for the spring season?

Tags: spring, landscaping, toronto, home, detached, tips, guides

Has your home been ravaged by the harsh conditions of the Canadian winter? Are you looking for some tips on cleaning up? If so, have a look at this short checklist from Home Depot Canada that will help you get your home ready for the warmer weather: 1) If winter punished you with any leaks or floods, be sure to dry up the area. Use any means necessary, like a towel, a mop and bucket, or a...Read More

January 2015 Market Report

By: Lifestyle Realty Team

January 2015 Market Report

Tags: monthly report

TREB’s president Paul Etherington declared a strong start to 2015, with impressive year-over-year sales and average price increases for January. GTA REALTORS reported 4,355 transactions done through the TorontoMLS system in January, which shows a 6.1% increase over January 2014. Meanwhile, the number of new listings was 9.5% greater over last January. Etherington concluded that these healthy...Read More

Revitalization of the Regent Park area and the remains of its residual stigma

By: Lifestyle Realty Team

Revitalization of the Regent Park area and the remains of its residual stigma

Tags: news, neighbourhoods

Revitalization of the Regent Park area and the remains of its residual stigma February 5, 2015 Lifestyle Realty Team As a result of the growing demand for condominiums in ideal locations, there is a lot of demand from buyers and investors.   Regent Park, an area that was almost entirely forgotten several years ago is now seeing a total of over $3 Billion worth of development...Read More

Pros and cons of more affordable mortgage rates

By: Lifestyle Realty Team

Pros and cons of more affordable mortgage rates

Tags: mortgages

Pros and cons of more affordable mortgage rates February 5, 2015 Lifestyle Realty Team     On January 21, 2015, the government of Canada has made a surprising but mostly welcome change to its target overnight rate from 1% to 0.75%.   The bank rate is, therefore, 1% and the deposit rate is 0.5%. This is due to the recent price drop of oil, which may bear neg...Read More

Renovation Frustration

By: Lifestyle Realty Team

Renovation Frustration

Tags: news

Renovation Frustration February 5, 2015 Lifestyle Realty Team What happens when a tedious renovation goes on for too long? Being unprepared for a renovation, a task that requires lots of planning and preparation, can lead to destructive consequences. A couple in Middletown, New York were in the midst of a frustrating renovation. The husband James Rhein was unable to obtain an impor...Read More

December 2014 Market Report

By: Lifestyle Realty Team

December 2014 Market Report

Tags:

December 2014 Market Report   January 16, 2015 Lifestyle Realty Team   As part of our monthly report for December, sales figures for all of 2014 will be accounted for in this post. TREB President Paul Etherington announced that GTA REALTORS® reported 92,867 transactions through the Toronto MLS system in 2014. the TorontoMLS system hasn’t seen this much annual activit...Read More

Toronto micro-condos and mortgages

By: Lifestyle Realty Team

Toronto micro-condos and mortgages

Tags: condos

Toronto micro-condos and mortgages   January 16, 2014   Lifestyle Realty Team   Toronto’s booming condo market is currently seeing an increase in a new form of condominium real estate: micro-condos. Micro-condos are condo units under 500 sq ft. and combine the kitchen, bathroom, bedroom and living room areas in a single room.   For those who favour locatio...Read More