Toronto Star-How Etobicoke’s housing market November 2022 vs. Last year comparison

  • Etobicoke centre home prices averaged $1.01 million, up 3.5 per cent monthly but down 5.3 per cent annually.
  • Etobicoke lakeshore home prices averaged $965,363, up 1.5 per cent monthly and up 3.9 per cent annually
  • .Etobicoke north home prices averaged $807,122, up 11.1 per cent monthly and up 6.3 per cent annually.
  • Etobicoke south home prices averaged $1.07 million, down 1.2 per cent monthly but up 0.6 per cent annually.
  • Stonegate-Queensway home prices averaged $1.3 million, up 17.5 per cent monthly but down 21.5 per cent annually.

Those average home sale prices compare to $1.05 million for the City of…

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How are you impacted by Rising Martgage Rates?

You may not see it on your monthly mortgage payments but the amount of money you pay towards paying down your loan will be affected by the interest rate. As the rates rise if you are in a variable position on your home mortgage you will need to be watching for the best time to lock it down to a term so you wont be affected for that period of time. And you ask when is that. Many factors will influence this decision and each families needs and wants are everchanging. And this is when you need to contact some experts and explain your position and just how the rise will affect you and your property and financial concerns. As a seller your potential buyers will be looking to buy before rates rise even higher…

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Here is a list of the features   for Suite 149 in 25 Viking Lane of Tridel's Essex Parc Nuvo 2 in Toronto's west end. 

On top of all those this rare offering is on the Ground Floor so elevator use is at a minimum. It is a condo so you not only have a security detail but also a monitoring system with glass break. It is over 1300 square feet with a Living, Dining and Family Den rooms all spacious and with built-ins and sliding dividers. The bedrooms are split for privacy and both have  their own ensuites and built in cabinetry storage in their respective walk in custom closets. 

The bathrooms offer a soaker tub and a seamless glass enclosed Shower for your personal preference that day you wish to get moving or just blissfully relax.

The Hall…

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We are always looking to promote our listings as professionally as possible to give our clients the feeling that we have done everything we can to achieve the best outcome for their home and family.

 Our latest effort was a Downtown 2 1/2 Storey detached home owned by an Artist designer. The home was character rich and full of unique features. The kind that put your home apart from the rest . The focus must be on the richness of their inclusions to add to the value of the property. These items will be apart of the new homeowners daily sightings. 

To this end the sellers initial challenge was to clean and improve the aesthetics from a tenanted house. Paint, and general maintenance were addressed. An investment of new carpeting, Staging and lighting…

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Ok You wish to sell your condo investment before the Developer registers the units!

This is called an Assignment sale and here is what you need to know to sell it properly ! 

What is an Assignment Sale?

An assignment is essentially a sale of a contract or right to acquire property. An assignment is a transaction whereby the original purchaser (the "Assignor") of a property sells, and thereby transfers, their interest and obligations under the original contract to a new purchaser (the "Assignee"). The Assignee will generally assume all of the Assignor's duties and obligations under the original Agreement of Purchase and Sale. These rights and obligations are stated in the original Agreement of Purchase and Sale and include terms such as…

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Do you remember the old Valhalla Inn off the 27/427 Highway in Etobicoke? Well there has been alot of activity along the 427 Corrider in the last few years and Condos have been a big part of this development. A Loblaws Superstore certainly added to the convenience. Corporate entities like Baku,  Auto Trader, Metro Warehouses etc. Coming soon to Cloverdale Mall 250 The East Mall will be another multiple high rise site consisting of 24-48 storey buildings housing over 4000 units. 

If you are looking to purchase a condo in Etobicoke 1-9 Valhalla Inn Rd offers a lot of activity in the recent months. This report is based upon all units sold, listed or terminated since July 1 2021 till November same year. All this activity can only result in prices…

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October Video Minute Report

From west to east this report covers three neighbourhoods for October 2021. Martingrove Gardens, Richmond Gardens and Royal York Gardens. 

We have seen 13 sales of the 19 new listings. This goes to show that 68.42% of everything listed has now been sold. No other sales have occurred at this time. We have seen one of the 19 new listings become withdrawn and not on the market at this time. We have seen 11 properties sell for above the value that they were listed at and 2 properties sell for under the value that they were listed at. As of now we are seeing an average days on market of 8, a median days on market of 7, an average asking to selling ratio of 1.1332 and a median asking to selling ratio of 1.1283. When comparing…

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3RD QUARTER 2021 NEIGHBOURHOOD HOME REPORT

This report is from TREB and is based upon detached homes data. 53 out of 77 listings sold in the Third Quarter of this W7 community with Norseman and Queensway. The average list price is lower than the sale price which indicates homes are selling over asking. The total number of solds decreased from 2020 yet their prices increased by almost 20 %. Homes are selling faster this year too. 2020 14 days on the market for average 2021 11. 

Please feel free to comment if you find this information useful. 

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Predictions based upon last 8 month statistics give you an idea of what listings and Sales will be like in the last quarter of 2021 for the community of Princess Rosethorn. 

As you can see October is predicting the number of listings to be 14 and sales around 8, the same as Novembers predicted sales. Novembers listings being 8 appears the same as Listings. This could say homes not sold in October may make this more possible. December predicts 10 listings and 7 sales. So inventory still being low and homes still selling at an alarming rate and close to asking /list price, the seller market continues. As a buyer the interest rates are low and with the Bank of Mom and Dad helping it still is a good time to buy. Inventory doesnt seem to be changing anytime…

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As of Oct 2021 here is the latest Monthly and Annual date for those interested in living there or selling. Tridels West Village sits on Highway 427 across from the Loblaws Superstore.

 The access to Toronto and all of the GTA is quick and efficient. To the north 5 minutes away is the International Airport and to the South is the Gardiner Expressway to Downtown Toronto and Sherway Gardens. The QEW to Mississauga and beyongd Oakville, Burlington and Hamilton lies south of the Towers as you go south than west. 

Here is a link to what's available currently to rent or buy. 

Here is the latest Annual Report from 2020.

Here is the Monthly Report for September 2021 

And here is the Days On Market(DOM) Bar Graph showing 2019 till today how…

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