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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.
TORONTO, March 19, 2009 – Greater Toronto REALTORS® announced 2,565 transactions in the first half of March compared to 3,183 during the same period last year. The annual rate of MLS® sales decline was the smallest in five months.
Mid-month March MLS® sales increased compared to the 2,044 sales experienced in the first half of February.
MLS® sales follow a recurring seasonal trend, with transactions generally increasing between January and May and then decreasing between June and December.
“As we move into the spring market, it appears that we are seeing stronger demand for ownership housing in the Greater Toronto Area,” said TREB President Maureen O’Neill. “Buyers are reacting to the market’s strong foundation of affordability.”
The average price for MLS® sales was $365,499 compared to $385,405 last year.
“Affordability has improved over the past few months due to a combination of lower home prices, near record lows for mortgage rates and rising earnings,”1 according to Jason Mercer, TREB’s Senior Manager of Market Analysis.
1Average weekly earnings for the Toronto CMA, as reported by Statistics Canada, have been rising on a year-over-year basis over the past year. For example, in February 2009, average weekly earnings rose by approximately 2.5 per cent compared to February 2008.
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.
Luxury home sales have outperformed virtually all other residential price points this year, but activity in the top-end is expected to taper in most major Canadian centres in coming months.
Given the transition occurring in most residential real estate markets, upper-end sales remain exceptionally strong. The market for luxury homes is usually the first to show pressure cracks, but the reverse is actually true this year, with pent-up demand (due to trade-up activity), less speculation, and job transfers all factors contributing to stability in this segment. However, uncertainty in financial markets both here and abroad is expected to give purchasers cause for concern in the immediate future.
The top-end of the market represents less than five per cent of total sales, but activity is generally a gauge of overall market conditions. Leading the country in terms of percentage increase in luxury home sales are Regina (up 306 per cent); Winnipeg (up 89 per cent); St. John’s ( up 78 per cent); Saskatoon (up 72 per cent); Kitchener-Waterloo (up 47 per cent); Ottawa (up 36 per cent); Halifax-Dartmouth (up 20 per cent); London (up 14 per cent); Greater Vancouver (up five per cent); and Victoria (up four per cent). Solid performance is likely a result of consumer confidence, particularly in provinces like Saskatchewan, Manitoba, Newfoundland, Nova Scotia, and parts of Ontario where solid economic fundamentals helped to bolster the number of homes sold in the upper-end.
If you are looking to buy a luxury home, 2009 maybe the year to get a good deal.
|
Market |
Price Point |
Sales/07 |
Sales/08 |
Luxury |
All Res. % +/- |
|
% +/- |
|||||
|
Greater Vancouver |
$2 million |
370 |
390 |
5 |
-24 |
|
Victoria |
$1 million |
159 |
165 |
4 |
-18 |
|
Kelowna |
$1 million |
71 |
63 |
-11 |
-30 |
|
Edmonton |
$850,000 |
110 |
67 |
-64 |
-23 |
|
Calgary |
$1 million |
312 |
258 |
-17 |
-30 |
|
Regina |
$500,000 |
17 |
69 |
306 |
-11 |
|
Saskatoon |
$500,000 |
11 |
19 |
72 |
-14 |
|
Winnipeg |
$500,000 |
62 |
117 |
89 |
0.01 |
|
London |
$350,000 |
383 |
435 |
14 |
-9 |
|
Kitchener-Waterloo |
$500,000 |
128 |
188 |
47 |
-5 |
|
Hamilton-Burlington |
$750,000 |
76 |
50 |
-34 |
-7 |
|
Greater Toronto |
$1.5 million |
505 |
487 |
-5 |
-13 |
|
Ottawa |
$750,000 |
99 |
135 |
36 |
-3 |
|
Halifax-Dartmouth |
$400,000 |
218 |
262 |
20 |
-7 |
|
St. John’s |
$400,000 |
28 |
50 |
78 |
11 |
|
Source: RE/MAX, Local Real Estate Boards |
|
|
|
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Other highlights include:
- The most expensive MLS sale in Canada in 2008 occurred in Greater Vancouver with a sticker price of $11.5 million. A property priced at $9 million in Greater Toronto sold in a multiple offer situation for more than $11 million as well.
- The priciest condominium currently listed for sale on MLS is priced at $14.8 million in Greater Vancouver – reduced from $18 million earlier this year.
- The Four Seasons Hotel, currently under construction in Greater Toronto’s Yorkville area, has the most expensive list price in the country — $30 million for a penthouse suite on the 55th floor.
Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
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I am a member of the Toronto Real Estate Board (TREB) www.torontomls.net. I use Rogers wireless service and use bell internet service at home. I use gmail, yahoo mail and hotmail. I have a PS3 from playstation and a wii from nintendo. I drive a Mercedes Benz B200 from mercedes-benz. I live in a detached house with four bedrooms and 4 bathrooms. My basement is unfinished. My wife and I renovated our kitchen last year. Other minor renovations were interior paint, light fixtures, cornice mouldings, built-in cabinetry in Laundry and wallpaper from farrow & ball and romo fabrics. Please vist http://decor8blog.com/ for great interior design ideas. I would like my website and blog to be as popular as http://www.topagent.com/ and http://blog.topagent.com/
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Kirby Chan
Real Estate Sales Representative @ Re/Max
info@kirbychan.com
www.KirbyChan.com
416.305.8008
