Here’s a list of tips on what makes a good condo for resale.
I started to study the value of 1 & 2 bedroom condos along the subway line. After I completed my initial research, my next question was how much have the values changed between 2017 and 2016 at each subway station. My analysis was even surprising to me. It does matter which subway station is the closest to your condo in determining how much your condo will increase year over year.
I pulled the numbers from the Toronto Real Estate Board statistics based on condos that were within a 0.3km radius or 394 steps from a subway station. Some stations don’t have any condos built within the 0.3 km distance and some had few sales reported during the period of Jan. 1 to July 24th making some of the sample sizes rather small (ie. less than 4 condos).
I’ve been there, done that, and bought the t-shirt.
When I say that, what I mean is that I purchased my first pre-construction condo in 2001. It was on Merton St and I lived there for a few years before I purchased my first house. While I lived at 194 Merton St, I was part of their initial board of directors taking on the roles of Secretary, Treasurer & President over the years. Let’s just say I learned a lot about condo management being an owner and sitting on the condo boards. Continue reading
I share what I think will happen with the real estate market across Toronto in September 2017.
Ever wonder what the average price of a condo is along the subway line? Does the subway station your condo is closest to have anything to do with the value of your condo? Wouldn’t you like to know if the price of a condo matters based on the subway station closest to it? Continue reading
Beautifully renovated, spacious, light-filled 3-Bedroom, 2-Bathroom Leslieville Stunner with high ceilings, 2 parking spots, stunning back deck and mahogany floors throughout. Contemporary white custom eat-in kitchen with quartz counters and SS appliances. Relax in the grand master with cathedral ceilings, open-brick wall and fireplace. Wine cellar for entertaining. Close to Danforth, Queen, transit, schools, gyms, parks, trails, coffee shops, restaurants.