I have sold a property at 418 Rannie RD in Newmarket on Nov 7, 2023. See details here
Unlock The Door To Prosperity with this stunning freehold townhome in highly desirable Summerhill Estates! Meticulous attention to detail & high-quality upgrades ensure that this home is turn-key. It boasts an income-producing basement that comes fully equipped w/ separate entrance, kitchenette, bedroom & 3-piece bathroom. Be greeted by a meticulously widened and elongated driveway that accommodates 3-4 cars + 1 in the garage. You'll appreciate the glamorous large porcelain tile floors & pot lights throughout the main floor & the elegant hardwood floors on the 2nd floor. Be captivated by the modern, sleek design and the high-end finishes that grace this kitchen. Upstairs, the primary bedroom is a true retreat, offering a modern 3-piece ensuite that exudes luxury & relaxation and a sizeable walk-in closet. Step into the exquisitely upgraded 5-piece bathroom upstairs that's sure to impress. Walk out to the entertainment-ready deck with a private pergola overlooking serene green space.
I have sold a property at 507 50 O'neill RD in Toronto on Nov 4, 2023. See details here
Unlock The Door To Prosperity with the Rodeo Drive Condominium, where luxury living meets world-class sophistication. This immaculate & spacious 1 Bedroom + Den unit with parking & locker is perfectly situated in one of the most coveted neighbourhoods, right next to the prestigious Shops on Don Mills. Be greeted by abundant natural light flowing throughout the open & well-thought-out layout. You'll appreciate the elegant flooring & 9-foot ceilings. Be captivated by the modern, sleek design and high-end finishes that grace this kitchen. The bedroom is a true retreat, offering a walk-out to the balcony that exudes luxury & relaxation, and the mirrored closet is equipped with built-in shelves. In addition to its chic design and premium features, it boasts the convenience of an ensuite laundry, making daily tasks effortless. Step outside, and you'll discover a generously sized balcony offering breathtaking views of the iconic CN Tower.
Lack of affordability and uncertainty remained issues for many would-be home buyers in the Greater Toronto Area (GTA) in October 2023. As a result, sales edged lower compared to last year. However, selling prices remained higher than last year’s levels.
“Record population growth and a relatively resilient GTA economy have kept the overall demand for housing strong. However, more of that demand has been pointed at the rental market, as high borrowing costs and uncertainty on the direction of interest rates has seen many would-be home buyers remain on the sidelines in the short term. When mortgage rates start trending lower, home sales will pick up quickly,” said TRREB President Paul Baron.
REALTORS® reported 4,646 GTA home sales through TRREB’s MLS® System in October 2023 – down 5.8 per cent compared to October 2022. On a month-over-month seasonally-adjusted basis, sales were also down in comparison to September.
New listings in October 2023 were up noticeably compared to the 12-year low reported in October 2022, but up more modestly compared to the 10-year average for October. New listings, on a seasonally-adjusted basis, edged slightly lower month-over-month compared to September 2023. The October 2023 MLS® Home Price Index Composite benchmark and the average selling price were both up on year-over-year basis, by 1.4 per cent and 3.5 per cent respectively. On a seasonally adjusted basis, the MLS® HPI Composite benchmark edged lower compared to September 2023 while the average selling price remained at a similar level. Both the MLS® HPI Composite benchmark and average price remained above the cyclical lows experienced at the beginning of 2023.
“Competition between buyers remained strong enough to keep the average selling price above last year’s level in October and above the cyclical lows experienced in the first quarter of this year. The Bank of Canada also noted this resilience in its October statement. However, home prices remain well-below their record peak reached at the beginning of 2022, so lower home prices have mitigated the impact of higher borrowing costs to a certain degree,” said TRREB Chief Market Analyst Jason Mercer. “In the current environment of extremely high borrowing costs, it is disappointing to see that there has been no relief for uninsured mortgage holders reaching the end of their current term. If these borrowers want to shop around for a more competitive rate, they are still forced to unrealistically qualify at rates approaching eight per cent. Following their most recent round of consultations, the Office of the Superintendent of Financial Institutions should have eliminated this qualification rule for those renewing their mortgages with a different institution,” said TRREB CEO John DiMichele
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The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the Toronto Regional Real Estate Board. The data is deemed reliable but is not guaranteed to be accurate.
