3 New Trends in the Real Estate Market Toronto

With summer coming, here are three new trends to expect in the real estate market Toronto, according to the latest market watch reports.

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Here are a few new trends to expect in the real estate market Toronto, according to the latest market reports:

1. Largest growth occurring in the areas surrounding GTA

According to the Bank of Canada’s newest Financial System Review, the Greater Toronto Area (GTA) is experiencing a 32% increase in house prices. This is relative to April 2016 price levels. Most notably, the price of condos in the GTA has significantly increased. In the first few months of the year the price of condos was almost on par with prices of single-family homes.  

As prices have risen, homeowners are looking for more affordable housing just outside of the GTA. Consequently, home prices in the Greater Golden Horseshoe area have risen. As a result of this increase, the areas surrounding the GTA have experienced growth at a faster rate than areas within the GTA.

2. Price growth strong despite increase in listings

The May 2017 resale housing market figures revealed that despite active listings going up to 42.9% in May, price growth remains strong. Elli Davis and her team suggest in their latest Market Watch Report that the average selling price in May hit $863,910. This is a 14.9% increase compared to last year.

3. Summer home releases and openings

Lastly, as homeowners begin to take advantage of the strong price growth, we’re bound to see many new home releases and openings this summer.

With listings growing, it’s sure to be an exciting summer for the real estate market Toronto.

MLS Listing Make A Difference When Selling Your Toronto Home

Selling your house or searching for your dream home can be a daunting task. Going it alone can be even more overwhelming – and quite frankly, very complex. When housing prices in Toronto and the Greater Toronto Area have skyrocketed exponentially, year after year; where can someone look when they’re looking for a home in a Toronto location, with specific features and upgrades? You start with a realtor with expertise using MLS listings and one that is a part of the community – from the local schools and parks, to the small shops and malls .

Having a real estate agent who knows the competitiveness of the real estate market is essential. Especially when realtors and brokers need to work with each other to ensure a successful transaction. Working with a Toronto realtor who has access to MLS listings is an advantage to find cooperative brokers who can help buy or sell a client’s’ homes.

Whether, it’s in Forest Hill, The Annex, Yorkville, Rosedale, High Park or Roncesvalles you can be assured Elli Davis knows her Central Toronto neighborhoods. If you’re interested in buying a home in Toronto or you’re looking to sell your home; you’ll be confident working with a professional Toronto realtor with over 25 years experience. She has access to the largest pool of properties for sale in the marketplace! Get in contact with Elli Davis today, your local real estate agent or REALTOR ® at Royal LePage.

Toronto Housing Bubble – What Should You Do?

With rapidly increasing prices in the Canadian housing market, many believe that 2017 will be the year the Canadian real estate crashes. This prediction is based on a decreasing demand from buyers. After watching the US housing market crash over a decade ago, it is expected Canada will experience a similar fate. Noticing in popular news stories, everyday highlights a new warning about Canada’s growing household debt, government regulations, and increasing prices.

Essentially, a housing bubble is recognized when there is a run-up in prices from increasing demands. At some point, as the demand decreases/stagnates, the supply continues to increase. This results in a sharp drop in prices, and the housing bubble then bursts. Due to a different structure than the US has the bursting of Canada’s housing bubble will likely be painful financially, but not as devastating. This is because only certain parts of Canada are currently in a bubble.

During this time it is important for buyers and sellers to be smart, do their research, and talk to professionals for tips and insight on how to interact in this housing bubble. Ellis Davis is an example of a professional team that is an expert in Toronto’s real estate market. Talking to the team about possible next steps for either buying or selling, will help ensure the best decisions are made!

Top 5 Historic Buildings in Toronto

Despite the evolution and expansion of Ontario’s capital City of Toronto, it remains one Canada’s most vibrant urban centres. It’s very much apparent that the churches, characterized by gothic carvings and the medieval stone design of Casa Loma are the staples of this Toronto’s architectural legacy.  

Gooderham Building , 49 Wellington Street E

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Completed in 1892 by architect David Roberts Jr.

The famous building, known as Toronto’s “ flatiron” building similar to the traditional Town of York grid with Front Street. It’s triangular shape results from the the confluence of Wellington Street.  THe Toronto designer and architect, David Roberts Jr. was also responsible for a number of other Gooderham commissions – like George Gooderham’s houses at St.George and other building and homes on Bloor Streets (1889) and Jarvis Street (1891).

The building is now a designated Ontario Heritage site, first declared in 1975 and later became secured with a heritage easement under the Ontario Heritage Trust.

Casa Loma, 1 Austin Terrace

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Casa Loma was built for Sir Henry Mill Pellatt in 1914, a E. J. Lennox design.

Casa Loma is a Gothic Revival style house and gardens in midtown Toronto, Ontario,Canada. It is now a museum and famous historical landmark. It was built as a residence for financier Sir Henry Mill Pellatt. Casa Loma was constructed from 1911 to 1914. Wikipedia

Old City Hall, 60 Queen St W

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Another E.J Lennox design, a romanesque revival architectural type, completed in 1899.

Toronto’s Old City Hall was home to its city council from 1899 to 1966 and remains one of the city’s most prominent structures. Wikipedia

Union Station, 65 Front Street W

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The grande hall in Union Station first opened in 1927. This building is one of the city’s best example of beaux-arts architecture. Union Station is located between Bay and York Streets in Toronto’s business district

Come and live in a city and experience your architectural dreams! Find your home in Toronto amongst all these picturesque historical buildings. Contact Elli Davis for Toronto real estate listing and keep on top of properties that were just listed on MLS.  Learn more about buying real estate in Toronto today.

Why Your Home Needs Door and Window Casings

Why Your Home Needs Door and window Casings Crown Cornice
Your home’s door and window casing play an integral role in the overall design. Crown Cornice offers a variety of designs that best suit your needs that will provide you with elegant and polished casings for both your doorway and walls. You won’t be stuck choosing between two bland designs, as we offer six different options to best suite your home. Looking for some inspiration? Their website’s photo gallery showcases some of their fantastic work, so you can clearly envision how your door and window casing will look before it’s even installed.

Whether, your home has bright colours popping out or filled with neutral shades, door and window casing will help polish up your paint or wallpaper to give your room a high-end finished look!

Not only does their photo gallery speak volumes about their expertise, but their strong relationship with customers will impress. Rated a 9.3 on Homestars, they have over 22 reviews testifying to the positive and professional experience that they perform for each and every one of their customers. After checking out the gallery and reviews, their website will give you more insight into the work involved doing door and window casing jobs. If you’re interested in the cost, they will provide you with a free quote!

At Crown Cornice they’ll help you make your dream home a reality. Contact them, today!

New Homeowner’s Guide to Buying New Windows

Becoming a new homeowner is filled with so many new and exciting experiences. For the first time you’re facing decisions you once groaned about when you were a kid as you waited impatiently for your parents to finish their discussions about boring adult stuff. Now here you are in your parent’s shoes, filling your days with new home projects and important decisions about decor and design or should we say “adult stuff”.

One thing the new homeowner’s guide doesn’t always include is how to buy new windows and how to choose from all the many design options out there. Here’s a quick guide on what to look for when buying new windows:

ENERGY-EFFICIENCY

This may be an obvious one, but still it makes the number one spot for what to look for in quality windows. The purpose of windows, besides looking great is to keep the warm air in and cold air outside and vice versa in the summer. Energy-efficient windows will help to keep energy costs low.

COST

Depending on your budget and design you have in mind, you’ll want to consider design types within your budget. Vinyl windows are the most preferred type window for homeowners because of it’s affordability and visual appeal.

HIGH PERFORMANCE, LOW MAINTENANCE

The replacement cycle for vinyl windows is extremely long due to the nature of the materials it consists of. It’s considered highly durable and requires little to no maintenance over time. Since windows tend to accumulate moisture from the weather, vinyl has been a highly effective alternative to protect against wear and damage from moisture.

New Homeowner’s Guide to Buying New Windows Custom Window Designs

Speak to professionals and get advice on the best window type for your home. Contact Custom Window Designs in Burlington and the GTA, they are able to answer all your questions and walk you through their large selection of products. You can count on our experience and workmanship to make your new home design look just as you had envisioned.

Your Cleaning Checklist For The Holidays

Preparing for holiday season all we seem to do is clean. In order to be stress-free and before the holidays start, it’s best to get all of the organizing and de-cluttering done beforehand. We’ve decided to share our Holiday Cleaning Checklist with you to get your list of To Do’s done earlier this year.

  • Refrigerator: Go through it. Find any old items that have been hiding in the back and throw them out.
  • Laundry room: Sort all your bins and drawers, and put away any clothing that was left behind.
  • Bedroom: Maintain your room to be clean, so you won’t wake up stressed by the mess.
  • Garage: Organize clutter in your house and garage. Donate any of your old stuff that you don’t need anymore.
  • Bathroom: Make sure to clean this area regularly. In this area, it’s essential to have an odour eliminator and keep bacteria at bay.

Even with all the scrubbing and disinfecting, there was one thing missing: The POG. During the holidays you want your house to be in top shape! The POG can help you achieve that through a safe and powerful way to eliminate odour and bacteria. It can help in your fridge by eliminating any old food smell, getting rid of the damp clothing odour in the laundry room, freshening up your bedroom’s scent, removing the sports equipment smell in your garage, and purifying the air in the bathroom.
Start the new year off fresh with POG! Click here for more information.