You are currently browsing the monthly archive for April 2009.
Greater Toronto REALTORS® reported 3,681 transactions in the first half of April, down seven per cent compared to 3,955 during the same period last year. “In lock-step with the favorable March results, resale housing market conditions in the first half of April were markedly improved compared to the winter time,” said TREB President Maureen O’Neill.
“Households that were on the sidelines at the beginning of the year are now taking advantage of lower interest rates and lower home prices.” The average price for MLS® sales was $383,161, down four per cent from $399,117 last year.
“The average home price in the GTA stabilized as resale market conditions tightened over the past two months,” according to Jason Mercer, TREB’s Senior Manager of Market Analysis. “Existing home sales increased relative to new listings.”
April Mid-Month Stats
Source: Toronto Real Estate Board
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
Location: North York – Between Yonge Street and Bayview Avenue, North of Highway 401.
Type – Bungalows
Use – Many North York bungalows are still livable, but many are being torn down and bought as vacant land to build custom homes. Many buy them as investments and rent them out.
Active Listings – click here -
Statistics
Statistics & Counts
| Field | Count | Mean (Average) |
Median | Mode | Low | High |
|---|---|---|---|---|---|---|
| List Price | 47 | $654,657 | $638,000 | $638,000 | $475,000 | $950,000 |
| Original Price | 47 | $666,174 | $649,000 | $728,000 | $475,000 | $950,000 |
| Sold Price | 0 | n / a | n / a | n / a | n / a | n / a |
| % List | 0 | n / a | n / a | n / a | n / a | n / a |
| Taxes | 41 | $3,811 | $3,727 | 3980.9 | $2,834.75 | $5,240.79 |
| Bedrooms | 46 | 3 | 3 | 3 | 2 | 4 |
| Washrooms | 47 | 2.4 | 2 | 2 | 1 | 7 |
| Days On Market | 0 | n / a | n / a | n / a | n / a | n / a |
Prices range from $475,000 to $950,000.
Premium streets can carry a 10% premium over the average price. Bungalows in the Mckee School District / Earl Haig School District are usually in higher demand and in turn command a higher price.
List or Buy your North York bungalow with Kirby Chan.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
4968 / 4978 Yonge Street
Ultima at Broadway is located on the West side of Yonge Street in between Sheppard Subway Station and North York Subway Station. There is an underground pathway to the subway station.
I lived in this building when it was brand new and i had no complaints. My wife and I moved out after a year because we quickly outgrew our cozy 540 sq. ft. one bedroom unit.
Amenities include an indoor swimming pool, sauna, fitness centre, aerobics room, billiards room, outdoor terrace, party room and meeting room. 2 Guest suites are available for visiting guests.
Ultima at Broadway Condo Prices
One Bedroom units start at $226,900 for sale and $1,300 for lease.
One Bedroom + Den units start at $269,000 for sale and $1,400 for lease.
Two Bedroom units start at $320,000 for sale and $1,650 for lease.
Two Bedroom + Den units start at $379,900 for sale and $2,000 for lease.
Please contact me to obtain the MLS listings or to view any of the units at Ultima Condos for sale or for lease.
If you prefer a to buy a new construction, I’ll be covering Menkes Savvy Condominiums in a future post.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
Waterview Condos
Waterview Condominiums
2119 & 2121 Lake Shore Blvd West, Toronto
Waterview Condominiums consist of four condominiums in the Humber Bay Waterfront by Monarch. It is located near the intersection of Park Lawn and Lake Shore Boulevard. 2 Glass towers rise above a four-storey podium with 13,000 square foot of recreational amenities including an indoor swimming pool / whirlpool, change rooms and saunas. The Breeze Club will also feature a well-equipped fitness centre with an aerobics area. There is a theatre, billiards room, meeting room, party room, cyber lounge with computer stations and three furnished guest suites. Other features include a 24-hour concierge service, a landscaped terrace with barbecue facilities, visitors parking and an underground car wash bay.
Premium south facing units have panoramic views of Lake Ontario.
Waterview Condo Prices
One Bedroom units start at $229,900 for sale and $1,350 for lease.
One Bedroom + Den units start at $249,900 for sale and $1,550 for lease.
Two Bedroom units start at $299,900 for sale and $1,700 for lease.
Two Bedroom + Den units start at $479,000 for sale and $2,500 for lease.
Please contact me to obtain the MLS listings or to view any of the units at Waterview Condos for sale or for lease.
If you prefer a to buy a new construction, I’ll be covering Monarch’s Nautilus in a future post.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
LTD Condos
LTD built by Malibu Investments, is located north of Malibu Condos near the intersection of Bathurst Street and Lake Shore Boulevard. Construction has not begun so the builder is still selling at pre-construction prices.
The builder describes the building as having the edge of industrial warehouse chic, mixed in with a dose of contemporary glass, planted with a lot of greens resulting in a cool, casual living space combined with an urban attitude.
LTD will be 15-storeys high with 187 suites. All units will have balconies or terraces so you can always take a step outside and take a breath of fresh air. Ground level units are live/work 2-storey units and come in 1-bedroom plus den or 2-bedroom layouts.
Amenities include a fitness centre, party room, billiards room, private screening room and a lounge with kitchen, dining table and bar. Guest suites and vistors parking provides convenience to your guests.
Suites finishes include stainless steel appliances, granite kitchen countertops with tiled backsplash, stone vanity tops and wood veneer floors, 9-foot ceilings and balconies.
Studio units start at $185,900.
1-bedroom units start at $215,900.
1-bedroom + den units start at $237,900.
2-bedroom units start at $348,900.
2-bedroom + den units start at $441,900.
Live/Work units start at $346,900.
Parking spaces – $29,000
Lockers – $5,000
Projected Occupancy – May 31st 2011
The Builder is offering me limited time incentives. Please contact me for more information on incentives, floor plans and pricing.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
Malibu Condos
Malibu at Harbour Front Condominiums is located at 600 Fleet Street at the intersection of Bathurst and Lake Shore Boulevard. It is composed of a 30-storey tower with 339 suites. A 11-storey podium is attached to the tower and provides a 12th floor beach-style terrace. Roomy 2-storey lofts with 16-foot ceilings are available as well as studios, one and two bedroom suites. Suites have floor to ceiling windows. Suites can appreciate the Lake Views on the Balcony. The 3-storey Malibu Club Spa has a pool, sundeck, whirlpool, fitness centre, and beach lounge. A party room is outfitted with a kitchen and bar. Furnished guest suites and visitors parking provide comfort and entertainment to your guests. Security features include a 24-hour concierge and a live-in Superintendent.
Malibu Condo Prices
Studio units start at $149,900 for sale and $910 for lease.
One Bedroom units start at $219,900 for sale and $1,250 for lease.
One Bedroom + Den units start at $249,900 for sale and $1,400 for lease.
Two Bedroom units start at $284,900 for sale and $1,600 for lease.
Two Bedroom Penthouses start at $448,900 for sale with none for lease.
Please contact me to obtain the MLS listings or to view any of the units at Malibu Condos for sale or for lease.
If you prefer a to buy a new construction, please take a look at my LTD Condominiums post.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
Market Watch – March 2009
In March 2009, Greater Toronto REALTORS® reported 6,171 sales –
down seven per cent from March 2008, representing the smallest year-over-year decline in the last five months. The average price for March transactions was $362,052 – down less than five per cent from the same month last year.
“The Greater Toronto housing market has stood up very well given the challenging economic times the world has experienced in recent months,” commented TREB President Maureen O’Neill. “In fact, over the past two months, the situation in the housing market has improved.”
The seasonally-adjusted annual rate of sales increased to 65,600 in March – up 36 per cent from the ten-year low reached in January.
“Sales in March increased at a rate over and above what would be expected from the normal spring-time bump,” said Jason Mercer TREB’s Senior Manager of Market Analysis. “A greater number of households have taken advantage of increased affordability in the housing marketplace.”
The median price in March was $317,500 from the $326,000 recorded in March of 2008. The median price in March was $317,500 from $312,900 in February 2009.
Source: Toronto Real Estate Board
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
After a 2-day snow storm, the sun has returned. The market interest is certainly picking up, with our office registering 900 showings this week. 50% of the analyst would say it is going to get worse. 50% of the analyst would say it is the bottom now and the housing market will rebound. To be honest with you, who really knows. These people are just guessing, and what I know is 50% of them are going to get it right and be labeled as experts. The other 50% will have to try their luck again. I like to look at the stats and I will provide the March housing statistics in the next post. In summary for the month of March, 2009 vs. 2008, we are down 7% in sales transaction and down 5% in average price. When compared to the month of January and February the housing market is improving at a steady rate. It seems it is not as bad as the media portrays it to be.
Let us move on to this week’s list of power of sales.
Power of Sale Listings for Central/North Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for East Toronto
Freehold/Condominium properties please - click here -
Power of Sale Listings for West Toronto
Freehold/Condominium properties please - click here -
York Region (Richmond Hill / Markham / Vaughan / Aurora / Uxbridge/ Stouffville) – There are very few Power of Sale listings for the towns in York Region, so I have lumped them together.
Freehold/Condominium properties please - click here -
For other areas in the GTA, please request it by emailing me and I will email the listings to you.
Please contact me to discuss any of the power of sale listings.
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
Toronto Real Estate
Kirby Chan
Toronto Power of Sale
21 Melbourne Drive
This is Part 2 of “How to read a MLS listing on Realtor.ca”. We will use the same listing at 21 Melbourne Drive for our example. Has it been a month already and it’s still on the market?
Last time we left off at the listing agents Name and Brokerage.
Let’s move on to the meat and bones of the listing. Under the thumbnail photos, we have the General Description. It’s a very limited space for sales representatives to try to write all the positive features they can think of. Hence the use of Acronyms, with some easy to understand and some so puzzling it takes me a couple minutes to decipher. Let’s take a look at some of the special ones.
Premium lot – This description is very subjective. Some agents would classify corner lots or pie shaped lots or lots backing onto a school as premium. I like to reserve the premium lot description for homes that are backing onto ravines, golf course or lakes. It’s premium because it offers privacy or offers water access. In this case, it may be premium because it is O/L ravine. We will get to that soon.
$$80K Upgrades – Ask for the upgrade list from the builders.
** O/L Ravine – Ravine is across the street behind the daycare parking lot.
*Stone Front *Granite Foyer & Glamorous Hardwood *Lots Of Halogen Pot Lights *Crystal Chandelier & Wall Sconce *Stainless Steel Gas Stove – Straight forward.
B/I Dw – Built-in Dishwasher.
Tumble Marble B/S With Island – That’s B.S. standing for Back splash. So the kitchen has a marble back splash and a centre island for food preparation.
**Approx 2700S.F. – maybe less or more. Usually less.
Cvac+Equip – Central Vacuum + Equipment. Many times abbreviated as CV
Cac, Eac – Central Air Conditioning, Electronic Air Cleaner
Property section – This section describes the Parking and Utilities that service the property.
Building section – This section describes the type of house. In this case, it’s a 2-storey detached brick dwelling with A/C.
Rooms section – This section describes the layout and where each room is located. It also gives the dimensions of each room.
Heating section – This home is heated with Force Air Gas which is a gas furnace. Other variations are Electric which could be baseboard heating or an electric furnace. Another one is oil heating which are radiators.
Land size – Just repeating the lot size here.
It’s pretty simple once you get the hang of it. If you have any acronym that you come across that you don’t understand, ask me in the comments section.
I hope this helps you in reading a MLS Listing, please leave me a comment if you have found this helpful or have any other questions.
Going above and beyond for my clients,
Kirby Chan
Sales Representative
Forest Hill Real Estate
info@kirbychan.com
www.KirbyChan.com
416.305.8008
By the way… I’m never too busy for your referrals.
