Sadly, I Think We’ve Just Entered The First Year Of The Hunger Games In Toronto
Are the current increases in real estate prices unsustainable? What we are seeing is a tale of the haves and have-nots playing out before our eyes in the economy and in the housing market. It’s as if we’ve entered the domain of the movie The Hunger Games which featured volunteers from various districts fighting for their survival while the wealthy watched.
A Seller’s Dream. A Buyer’s Nightmare.
How many semi-detached houses are selling for more than $1.4 million?
Over the last few weeks, I’ve noticed a trend with the prices of semi-detached houses in the core (C01, C02, C03, C04, C08, C09, C10, C11, E01, E02, E03, E06, W01, W02, W03 – see below for map) of Toronto. Pricing trends in the real estate market tend to be gradual but what I’m noticing seems like a more drastic trend. It’s an upward trajectory on the prices of semi-detached houses in Toronto. Many home buyers will now be shut out of the semi-detached housing market and more likely to buy condos.
Toronto Condo Market Changes Overnight
Last year we noticed a huge shift in Toronto’s condo market. I remember in June 2020, we listed a condo in the King & Sherbourne area, close to the St. Lawrence Market, which had 70 showings. It was listed at $825,000 and sold for $971,000 after multiple offers. Two months later, we listed another condo around the corner at Yonge & The Esplanade, which had 5 showings and 2 offers…
Rental: Renovated 1-Bedroom Apartment On Jones/Gerrard (228 Jones Avenue Upper Unit)
Details
- 1 Bedroom
- 1 Bathroom
- Street permit parking only through City of Toronto
$1,750/month
Jones & Gerrard. Renovated, light-filled 1-bedroom, 1-bathroom second floor suite with deck and separate entrance. Renovated kitchen with stainless steel appliances and washer/dryer. Located in Leslieville, close to the Danforth, transit, and trendy new coffee shops and restaurants along Gerrard.
Street permit parking only.
Rental: 1-Bedroom Loft Space On King St (138 Princess Street #605)
Details
- 1 Bedroom
- 1 Bathroom
$1,695/month
Nothing is better than a cool funky loft space on King St. With No Frills at your door step, you have no excuses for not stocking the fridge. The open-concept layout of the kitchen, dining and living room space and the juliette balcony will keep you on the pulse of everything cool on King. The master bedroom has lots of light and a great closet. With coffee shops galore and a short stroll to the St Lawrence Market and Financial district, this location is triple-A.
Rental: Fabulous Loft-Style 1 Bedroom Condo (25 Oxley St #404)
Details
- 1 Bedroom
- 1 Bathroom
- 495 Sqft
- 1 Locker
- No Parking
$1,750/month
Available November 1st, 2020
Start loving your living in this fabulous warehouse loft-style one bedroom with 9’ exposed concrete ceilings, floor-to-ceiling windows, hardwood floors, modern kitchen with stone counters and mosaic backsplash, S/S appliances gas stove top! Plus locker! Furnished with brand new sofa, side table, media console, shelving and bed. Glas Condos is a boutique building just steps from hip and trendy King and Queen Streets with cafes, restaurants and shopping and more! TTC access too.
Utilities extra. No parking. Internet & cable not included. Estimated utilities cost: ~$70.
Pandemic drives down rent, boosts incentives in Toronto, Vancouver (Toronto Star)
GTA home sales jumped in July (Investment Executive Interview)
“Davelle Morrison, broker at Bosley Real Estate Ltd., agreed that months in lockdown have given buyers time to think about exactly what they want in a home. Research done, buyers are coming to the market ready to sign on the dotted line, she said. “
Home Buying and Selling During COVID-19 (Toronto Real Estate Summit Panel Discussion)
Best Ways To Work From Home (With Alejandro Escudero)
Now that most of us are working from home, I thought it would be great to speak with Alejandro Escudero of Binarium to find the best ways to work from home from an IT perspective? What’s the best methods to care for our laptops? What cloud storage we should use? How do we stay in touch with colleagues? So I thought I would have a conversation with Jane Durst-Pulkys, metabolic balance coach about how I can prevent the quarantine 15.
Talking With A Metabolic Balance Coach During The Quarantine
Are you afraid of gaining the Quarantine 15?
You know like the Freshman 15 from university. The 15 pounds you gained after living in residence? I don’t know about you but after shopping for the apocalypse I now have a house and fridge full of food. I’m not used to it and I find myself snacking constantly.
So I thought I would have a conversation with Jane Durst-Pulkys, metabolic balance coach about how I can prevent the quarantine 15.
Accommodating Airbnb Amid a Housing Crisis (The Agenda with Steve Paikin)
More homeowners are turning to Airbnb in Ontario. As the City of Toronto prepares to enforce new regulations, The Agenda explores what’s been driving the pull towards these short-term rentals and how that has affected long-term housing in Toronto and beyond.
What I’ve been up to
Midtown Toronto Retirement Guide (Free Download)
There comes a time when we need to leave our home for the good of our health. That’s where retirement living comes in. So I wanted to produce this guide for all of us who need to know more about retirement living. Even if it’s just to get a better idea as to how much to save in our RRSP to be able to afford the retirement living that we choose.
Why Rejecting Airbnb in Toronto is Short-Sighted
MORRISON REPORT
Recently, landlords lost their case for Airbnb but is it only the landlords that have lost out here? Airbnb, much like Uber & Tesla is like any other market disrupter. And, yes, our knee-jerk reaction is to hate change, I’m usually guilty of that myself. Except when we only want to stick to the status quo, we are missing out on other opportunities that exist because of our comfort…
Federal candidates should propose to eliminate mortgage stress tests
BNN BLOOMBERG INTERVIEW
Davelle Morrison, sales representative at Bosley Real Estate, joins BNN Bloomberg to discuss what she hopes to see from the 2019 federal election campaigns in terms of real estate policies.
