GTA REALTORS^® Release March 2023 Stats

Greater Toronto Area (GTA) housing market conditions tightened in March 2023. Sales accounted for an increased share of listings in comparison to March 2022, suggesting that competition between buyers is on the rise. The average sale price was above the average list price for the first time since May 2022.

“As we moved through the first quarter, Toronto Regional Real Estate Board (TRREB) Members were increasingly reporting that competition between buyers was heating up in many GTA neighbourhoods. The most recent statistics bear this out,” said TRREB President Paul Baron. “Recent consumer polling also suggests that demand for ownership housing will continue to recover this year. Look for first-time buyers to lead this recovery, as high average rents move more closely in line with the cost of ownership.”

GTA REALTORS^® reported 6,896 sales through TRREB’s MLS^® System in March 2023 – down 36.5 per cent compared to March 2022. On a month-over-month basis, actual and seasonally adjusted sales were up. New listings were also down on a year-over-year basis, but by a much greater annual rate. This points to tighter market conditions compared to last year.

“Lower inflation and greater uncertainty in financial markets has resulted in medium-term bond yields to trend lower. This has and will continue to result in lower fixed rate borrowing costs this year. Lower borrowing costs will help from an affordability perspective, especially as tighter market conditions exert upward pressure on selling prices in the second half of 2023,” said TRREB Chief Market Analyst Jason Mercer.

The MLS^® Home Price Index composite benchmark was down by 16.2 per cent on a year-over-year basis, but up month-over-month on both an actual and seasonally adjusted basis. Similarly, the average selling price was down by 14.6 per cent year-over-year to $1,108,606. The average selling price was up monthover-month on an actual and seasonally adjusted basis.

“As population growth continues at a record pace on the back of immigration, first-time buying intentions will remain strong. Because the number of homes for sale is expected to remain low, it will also be important to have substantial rental supply available. Unfortunately, this is not something we have at the present time. We need to see a policy focus on bringing more purpose-built rental units on line over the next number of years,” said TRREB CEO John DiMichele.

TORONTO, ONTARIO, FEBRUARY 3, 2023 – As we moved from 2022 into 2023, the Greater Toronto Area (GTA) housing market unfolded as expected. The number of January sales and the overall average selling price were similar to December 2022. On a year-over-year basis, both sales and prices were down markedly, continuing to highlight the impact of higher borrowing costs on affordability over the last year. “Home sales and selling prices appear to have found some support in recent months. This coupled with the Bank of Canada announcement that interest rate hikes are likely on hold for the foreseeable future will prompt some buyers to move off the sidelines in the coming months. Record population growth and tight labour market conditions will continue to support housing demand moving forward,” said Toronto Regional Real Estate Board (TRREB) President Paul Baron. GTA REALTORS® reported 3,100 sales through TRREB’s MLS® System in January 2023 – in line with the December 2022 result of 3,110, but down 44.6 per cent from January 2022. The average selling price for January 2023 at $1,038,668 was slightly lower than the December 2022 result and down by 16.4 per cent compared to the January 2022 average price reported before the onset of Bank of Canada interest rate hikes. The MLS® Home Price Index (HPI) Composite Benchmark was in line with the December result, but down by 14.2 per cent compared to January 2022. “Home prices declined over the past year as homebuyers sought to mitigate the impact of substantially higher borrowing costs. While short-term borrowing costs increased again in January, negotiated medium-term mortgage rates, like the five-year fixed rate, have actually started to trend lower compared to the end of last year. The expectation is that this trend will continue, further helping with affordability as we move through 2023,” said TRREB Chief Market Analyst Jason Mercer. “All three levels of government have announced policies to enhance housing affordability over the long term, including many initiatives focussed on increasing housing supply in the ownership and rental markets. Most recently, we were encouraged to see Toronto City Council support the Mayor’s 2023 Housing Action Plan as part of the City’s overall $2 billion commitment to housing initiatives,” said TRREB CEO John DiMichele.

MARKET WATCH

GTA REALTORS® Release February Stats

February home sales were down compared to the all-time record in 2021, but represented the second-best result for the month of February in history. New listings dropped, but by a marginally lesser annual rate than sales, pointing to a modest move to a slightly more balanced market. Competition between buyers, however, remained tight enough to support double-digit price growth year-over-year.

Greater Toronto Area (GTA) REALTORS® reported 9,097 sales through the Toronto Regional Real Estate Board’s (TRREB) MLS® System in February 2022, representing a 16.8 per cent decrease in the number of sales compared to February 2021. The supply of listings for low-rise home types (detached, semi-detached and townhouses) was also down year-over-year, but not by as much as sales. In the condominium apartment segment, particularly in Toronto, new listings were up in comparison to February 2021.

“Demand for ownership housing remains strong throughout the GTA, and while we are marginally off the record pace seen last year, any buyer looking in this market is not likely to feel it with competition remaining the norm. Many households sped up their home purchase and entered into a transaction in 2021, which is one reason the number of sales were forecasted to be lower this year and a trending towards higher borrowing cost will have a moderating effect on home sales. Substantial immigration levels and a continued lack of supply, however, will have a countering effect to increasing mortgage costs,” said TRREB President Kevin Crigger.

The MLS® Home Price Index Composite Benchmark was up by 35.9 per cent year-over-year in February. The average selling price for all home types combined was up by 27.7 per cent to $1,334,544. The pace of price growth varied by home type and region, but there was relative parity between low-rise and condominium apartment growth rates. “We have seen a slight balancing in the market so far this year, with sales dipping more than new listings. However, because inventory remains exceptionally low, it will take some time for the pace of price growth to slow. Look for a more moderate pace of price growth in the second half of 2022 as higher borrowing costs result in some households putting their home purchase on hold temporarily as they resituate themselves in the market,” said TRREB Chief Market Analyst Jason Mercer.

MARKET WATCH

GTA REALTORS® Release March 2021 Stats

For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favorable borrowing costs and continued improvement in many sectors of the economy.

There were 6,504 sales reported during the first 14 days of March 2021 – up 41 per cent compared to the pre- COVID period in March 2020.

There were 9,148 sales reported between March 15th and March 31st 2021, an increase of 174 per cent compared to the COVID period of March 2020. This is a stark reminder of the initial impact COVID-19 had on the housing market and overall economy a year ago.

For March 2021 as a whole, new listings were up 57 per cent year-over-year to 22,709. While representing a strong year-over-year increase, the annual growth rate for new listings was well below that of sales.

The MLS® Home Price Index Composite Benchmark for March 2021 was up by 16.5 per cent compared to March 2020. The average selling price, at $1,097,565 was up by 21.6 per cent over the same period. Following the recent trend, low-rise home sales in regions surrounding the City of Toronto drove price growth.

Condo apartment sales reached new heights after a short-lived period of supply outpacing sales growth. Renewed year-over-year price growth for condos is expected as we move through the second half of the year

GTA REALTORS® Release February 2021 Stats

Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto.

GTA REALTORS® reported 10,970 sales through TRREB’s MLS® System in February 2021 – a 52.5 per cent increase compared to 7,193 sales reported in February 2020. Looking at all areas of the GTA combined, the condominium apartment segment led the way with a 64 per cent sales increase compared to last year, with similar rates of increase in the ‘416’ and ‘905’ area codes.

“It’s clear that the historic demand for housing experienced in the second half of last year has carried forward into the first quarter of this year with some similar themes, including the continued popularity of suburban low-rise properties. It’s also evident that the supply of listings is not keeping up with demand, which could present an even larger problem once population growth picks up following widespread vaccinations later this year and into 2022,” said TRREB President Lisa Patel.

The MLS® Home Price Index Composite Benchmark was up by 14.8 per cent year-over-year in February 2021. Over the same period, the average selling price was up by 14.9 per cent to $1,045,488. While market conditions were tight throughout the GTA region in February, the detached, semi-detached and townhouse market segments in suburban areas were the drivers of average price growth, with annual rates of increase above 20 per cent in all three cases.

“In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued double-digit average home price growth this year. In addition, if we continue to see growth in condo sales outstrip growth in new condo listings in Toronto, renewed price growth in this market segment is a distinct possibility in the second half of the year,” said TRREB Chief Market Analyst Jason Mercer.

MARKET WATCH 

TRREB Forecasts Strong Demand for Real Estate in 2021 

Toronto, ON, February 8, 2021 – The outlook for the GTA real estate market is healthy with strong buying intentions, a near-record sales forecast of more than 100,000, and a record average selling price over $1 million. “The pandemic certainly resulted in an unprecedented year for real estate in 2020, but it hasn’t put a damper on the overall demand,” said Jason Mercer, TRREB Chief Market Analyst. “Looking ahead, a strengthening economy and renewed GTA population growth following widespread vaccinations will support the continued demand for both ownership and rental housing. But over the long run, the supply of listings will remain an issue, particularly in low-rise segments.”2021 Market Outlook• Combined home sales reported through TRREB’s MLS® System for the GTA, South SimcoeCounty and Orangeville are expected to reach 105,000.• Strong sales growth will be supported by continued economic recovery, including jobs and record or near-record lows for borrowing costs.• The pace of new condominium apartment listings will start to ebb, especially in the second half of the year. With low-rise listings remaining constrained, expect total new listings to come in at the the160,000 mark.• Market conditions for low-rise homes, including detached houses, will remain very tight, with sales rising at a faster pace than listings.• The overall average selling price for all home types and areas combined will eclipse the $1,000,000mark for the first time, reaching $1,025,000 and representing a year-over-year increase of 10 percent.•.January 2021 Market Stats• January home sales amounted to 6,928 – up by more than 50 percent compared to January 2020. This strong start to 2021 included sales growth across all major segments, including condominium apartments, both in the City of Toronto and surrounding GTA regions. 2• New listings were also up on a year-over-year basis in January, but not by the same annual rate as sales. This means market conditions tightened compared to January 2020, resulting in the continuation of double-digit growth in the MLS® Home Price Index and the average selling price.• The average selling price for January 2021 was up by 15.5 percent to $967,885 year over year. The MLS® HPI Composite Benchmark was up by 11.9 percent over the same period.• Price growth was driven by the low-rise market segments, while the average condo apartment price was down in Toronto. However, if we continue to see condo sales growth outstrip condo listings growth, we could start to see renewed growth in condo prices later this year.

Market WATCH

MARKET WATCH

GTA REALTORS® Release November Stats

The record pace of home sales in the fall continued with 8,766 sales reported in November by Greater Toronto Area REALTORS® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result was up by 24.3 per cent compared to November of last year.

Generally speaking, year-over-year growth in sales was stronger for single-family homes in the GTA regions surrounding the City of Toronto, but annual single-family growth rates remained robust in the ‘416’ area code as well.

The MLS® HPI Composite Benchmark was up by 10.6 per cent in November 2020 compared to November 2019. The average selling price for all home types combined was up by 13.3 per cent to $955,615.

Market conditions tightened in many single-family market segments in November, resulting in double-digit year-over-year increases in average selling prices for detached houses, semi-detached houses and townhouses.

In contrast to the single-family market segments, buyers continued to benefit from much more choice in the condominium apartment market compared to last year, particularly in the City of Toronto. The number of new condominium apartment listings in November was almost double that reported in November of last year. More options in the condo apartment market translated into a small year-over-year decline in the average condominium apartment selling price in the ‘416’ area code.

“The condominium apartment market is certainly more balanced than in previous years, with some buyers benefitting from lower selling prices compared to last year. However, this may be somewhat of a short-term phenomenon. Once we move into the post-COVID period, we will start to see a resumption of population growth, both from immigration and a return of non-permanent residents. This will lead to an increase in demand for condominium apartments in the ownership and rental markets,” said Jason Mercer, TRREB Chief Market Analyst.

Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.

Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree.

The MLS® Home Price Index Composite Benchmark was up by 11.1 per cent in August 2020 compared to August 2019. Over the same period, the overall average selling price was up by 20.1 per cent to $951,404. Annual detached and semi-detached sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions, which helps explain why growth in the overall average selling price outstripped growth in the MLS® HPI Composite Benchmark.

TORONTO, ONTARIO, May 5, 2020 – Toronto Regional Real Estate Board President Michael Collins released the following key housing market statistics for April 2020: Home Sales and Listings • Greater Toronto Area REALTORS® reported 2,975 residential transactions through TRREB’s MLS® System. This result was down by 67 per cent compared to April 2019. Weekday sales remained within a relatively steady range during the month, averaging 130 per day. • New listings amounted to   to 6,174 in April 2020 – down on a year-over-year basis by a similar rate compared to sales (-64.1 per cent)

GTA REALTORS® Release March 2020 Stats

Toronto Regional Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,012 home sales through TRREB’s MLS® System in March 2020 – up by 12.3 per cent compared to 7,132 sales reported in March 2019.

However, despite a strong increase in sales for March 2020 as a whole, there was a clear break in market activity between the pre-COVID-19 and post-COVID-19 periods. For the purposes of this release, the start of the post-COVID-19 period was the week beginning Sunday, March 15.

• The overall March sales result was clearly driven by the first two weeks of the month. There were 4,643 sales reported in the pre-COVID-19 period, accounting for 58 per cent of total transactions and representing a 49 per cent increase compared to the first 14 days of March 2019.
• There were 3,369 sales reported during the post-COVID-period – down by 15.9 per cent compared to the same period in March 2019.

For March as a whole, new listings were up by three per cent year-over-year to 14,424. However, similar to sales, new listings dropped on a year-over-year basis during the second half of the month (beginning March 15) by 18.4 per cent.

The MLS® Home Price Index Composite Benchmark price was up by 11.1 per cent year-over-year in March 2020. The average selling price for March 2020 as a whole was $902,680 – up 14.5 per cent compared to March 2019. The average selling price for sales reported between March 15 and March 31, was $862,563 – down from the first half of March 2020, but still up by 10.5 per cent compared to the same period last year.

MARKET WATCH

2019 Year in Review and 2020 Outlook

Sales growth will be driven by the higher density low-rise market segments (semi-detached houses and town houses) and the condominium apartment segment. These home types are more affordable, on average, and will remain popular as the OSFI stress test, while under review by the federal government, will remain in place for the foreseeable future.

Listings Outlook In an efficient housing market, the acceleration in price growth that was experienced in 2019 would prompt an increase in the number of new listings in 2020, as homeowners would list their homes for sale in order to take advantage of equity gains. However, generally speaking, home prices have been trending upward over the past decade, yet listings have flatlined. The latest Ipsos Home Owners survey found that 14 per cent of respondents indicated that they were very likely to list their home for sale in 2020. While this share was up relative to the previous year’s survey, the “very likely to list” share has hovered between 12 and 14 per cent over the last three years – both in the fall and spring surveys. In addition, even a flat listings trend relative to 2019 would represent a marked turn-around, because the seasonally adjusted annualized rate of new listings trended consistently downward in 2019, ending up at approximately 130,000 versus a range of 150,000 to 160,000 over the past decade. The bottom line is that new listings will not keep up with sales growth in 2020. The end result will be an acceleration in price growth over the next year, as an increasing number of home buyers compete for a pool of listings that could be the same size or smaller than 2019

Price Outlook Market conditions tightened throughout 2019 and continued to do so in January 2020 as well. With little to no relief forecast on the listings front over the next year and demand expected to increase, it is difficult to forecast anything but further increases to average home prices for all major home types in 2020. The point forecast for the overall average selling price in 2020 is $900,000, close to a 10 per cent increase compared to the average of $819,319 reported for 2019. This forecast rate of growth presupposes that price growth will continue to be driven by the less expensive mid-density low-rise home types and condominium apartments. If the pace of detached home price growth starts to catch up to that of other major home types, the average selling price for all home types combined could push well past the $900,000 mark over the next year.

Valuable Tips

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MARKET WATCH

GTA REALTORS® Release December and Annual 2019 Stats
DEAR FRIEND JANUARY 2020
January 7, 2020 — Toronto Real Estate Board President Michael Collins reported that December 2019 residential sales reported through TREB’s MLS® System by Greater Toronto Area REALTORS® were up by 17.4 per cent year-over-year to 4,399. Total sales for calendar year 2019 amounted to 87,825 – up by 12.6 per cent compared to the decade low 78,015 sales reported in 2018. On an annual basis, 2019 sales were in line with the median annual sales result for the past decade.

We certainly saw a recovery in sales activity in 2019, particularly in the second half of the year. As anticipated, many home buyers who were initially on the sidelines moved back into the market place starting in the spring. Buyer confidence was buoyed by a strong regional economy and declining contract mortgage rates over the course of the year,” said Mr. Collins.

The MLS® Home Price Index Composite Benchmark was up by 7.3 per cent on a year-over-year basis in December 2019. From June 2019 onward, the annual growth rate in the MLS® HPI Composite Benchmark accelerated. The average selling price in December 2019 was $837,788 – up almost 12 per cent year-over-year. For the calendar year 2019, the average selling price was $819,319 – up by four per cent compared to $787,856 in 2018.

Buyers in the GTA remain confident in their ability to purchase and pay for a home over the long term. They see ownership housing as quality the investment that has historically produced positive returns while at the same time providing owners with a place to live in their chosen community,”

Fundamentals of the market remain solid as ever, strong immigration to GTA and low-interest rates.

Valuable tips

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Dear Friend

MARKET WATCH

GTA REALTORS® Release July Stats

August 3, 2018 — Toronto Real Estate Board President Garry Bhaura announced strong growth in the number of home sales and the average selling price reported by Greater Toronto Area REALTORS® in July 2018. Residential sales reported through TREB’s MLS® System for July 2018 amounted to 6,961 – up 18.6 per cent compared to July 2017. Over the same period, the average selling price was up by 4.8 per cent to $782,129, including a moderate increase for detached home types. New listings in July 2018 were down by 1.8 per cent year-over-year.

Preliminary seasonal adjustment pointed to strong month-over-month increases of 6.6 per cent and 3.1 per cent respectively for sales and average price. Seasonally adjusted sales were at the highest level for 2018 and the seasonally adjusted average price reached the highest level since May 2017.

The MLS® Home Price Index (HPI) Composite Benchmark for July 2018 was down slightly compared to July 2017. However, the annual growth rate looks to be trending toward positive territory in the near future.

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Interesting facts

You can own a mountain in LA — it will cost $1 billion

A giant parcel of land at the top of Beverly Hills aims to become the most expensive real estate ever sold, with a price tag of $1 billion — with a “B.”The property, called The Mountain, is 157 acres and sits on the highest point in the 90210 ZIP code. One owner could buy the property and build a 1.5-million-square-foot compound — with three structures of up to 500,000 square feet.Its southern views range from downtown LA to Orange County, Catalina Island and Santa Monica. It’s only five minutes from the Beverly Hills Hotel, but the nearest neighbor is over a half-mile away, offering convenience and privacy.The property also comes with a private road and millions of dollars in land improvements, including a 16-foot-tall stone security gate, landscape lighting and more than 500 trees mountain that looks down at all of Los Angeles,”

the most expensive properties:

In 2014, an18-acre oceanfront Hamptons compound sold for $137 million. The Record for single family home in the United States

A Saudi prince paid $300 million for a property in France, thought to be the highest price ever paid for a home in the world

MARKET WATCH

July 5, 2018 –

Toronto Area REALTORS® reported 8,082 home sales through TREB’s MLS® System in June 2018 – up 2.4 per cent compared to the low June 2017 result. After preliminary seasonal adjustment, sales were also up 17.6 per cent on a monthly basis between May 2018 and June 2018, continuing the trend of somewhat volatile month-over-month changes over the past year as
home buyers reacted to various policy changes impacting the market.

The average selling price edged up by two per cent on a year-over-year basis to $807,871 in June 2018. After preliminary seasonal adjustment, the average selling price was also up by 3.3 per cent month-over-month between May 2018 and June 2018. The MLS® Home Price Index (HPI) was down by 4.8 per cent on a year-over-year basis, but remained basically flat month-over-month. The difference in the year-over-year rates of change between the average price and the MLS® HPI was likely due, at least in part, to a change in the mix of properties sold in June 2018 compared to June 2017, with low-rise home types accounting for a greater share of sales in June 2018.

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Valuable Tips:

Closing day for a house deal is stressful. But no matter how well you plan, you must be prepared for unforeseen things to arise if you handle them the right way, your deal will still close and more importantly, you’ll be satisfied with result.

Missing keys– There is a situation where the seller leaves one key for the buyer and the rest of them are on the kitchen counter. The problem is that there are two locks on the front door. In this situation, buyers should call a 24-hour locksmith.  The cost will be the seller’s responsibility.

Supply of homes available for sale continued to be an issue. New listings were down by 26.2 per cent. The fact that new listings were down by more than sales in comparison to last year means that competition increased between buyers. Recent polling conducted by Ipsos for TREB suggests that listing intentions are down markedly since the fall.

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GTA REALTORS® Release April Stats

May 3, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,792 sales through TREB’s MLS® System in April 2018. The average selling price was $804,584. On a year-over-year basis, sales were down by 32.1 per cent and the average selling price was down by 12.4 per cent.

The year-over-year change in the overall average selling price has been impacted by both changes in market conditions as well as changes in the type and price point of homes being purchased. This is especially clear at the higher end of the market. Detached home sales for $2 million or more accounted for 5.5 per cent of total detached sales in April 2018, versus 10 per cent in April 2017. The MLS® Home Price Index strips out the impact of changes in the mix of home sales from one year to the next. This is why the MLS® HPI Composite Benchmark was down by only 5.2 per cent year-over-year versus 12.4 per cent for the average price.

Dear Friend March 2017

Sales Up and Listings Down in February

March 3, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater TorontoArea REALTORS® reported 8,014 residential sales through TREB’s MLS® System in February 2017. The MLS® HPI Composite Benchmark Price was up by 23.8 per cent compared to February 2016. Similarly, the average selling price was up by 27.7 per cent year-over-year to $875,983. Annual rates of price growth continued to be strongest for low-rise home types, particularly detached houses. Growth rates for condominium apartment prices were also in the double digits, likely a result of strong demand from first-time buyers.

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MARKET WATCH February 2017

Strong Start to 2017

February 3, 2017 — Toronto Real Estate Board President Larry Cerqua announced that Greater Toronto Area REALTORS® reported 5,188 residential transactions through TREB’s MLS® System in January 2017. This result was up by 11.8 per cent compared to 4,640 sales reported in January 2016. Annual rates of sales growth were higher for condominium apartments than for low-rise home types. The MLS® Home Price Index (HPI) Composite Benchmark price was up by 21.8 per cent on a year-over-year basis in January. Similarly, over the same period, the average selling price was up by 22.3 per cent to $770,745, with double-digit gains in the average prices for all major home types.

Time Changes

In 1973 average home sale price in Toronto: $40,605. In 2013 average GTA home price in Toronto: $523,036. 1974, 1 BR apartment, 500 Duplex Ave: $230 per month 2014, 1 BR apartment, 500 Duplex Ave: $1,395 per month 1973 minimum wage in Ontario: $1.80 2014 minimum wage in Ontario (June 1st): $11.00 1973 TTC adult cash fare: 30 centsk 2014 TTC adult cash fare: $3

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Every February 14, across the United States and in other places around the world, candy, flowers and gifts are exchanged between loved ones, all in the name of St. Valentine. But who is this mysterious saint, and where did these traditions come from? Find out about the history of this centuries-old holiday, from ancient Roman rituals to the customs of Victorian England.

FOR SALE  1 BLOOR EAST  unit 509       Offered at $1.498.000

One Bloor East Landmark Building. This Unique 2 Storey, 2 Bedroom + Family Room,Could Be Used As Bedroom ,Large Balconies. 1,599 Sq Ft Perfect For Anyone Looking To Live In One Of Toronto’s Most Anticipated New Buildings. This Highly Upgraded Suite Is One Of A Kind! Great Locations, Direct Access To 2 Subway Lines, Steps To Finest Shops And Restaurants. Most Incredible Finishes, 9 Ft Ceilings, Engineered Hardwood Flooring Throughout. Amazing!! Extras:Package Upgrades & Appliances, 2 Parking & Locker, 3 Bathrooms,Custom Window Roiling Blinds,Vine Fridge The Amenities Over 27,00 Sq Ft Of Resort Inspired Luxury Plus 19,000 Sq Ft Of Outdoor Space, Indoor Pool & Heated Outdoor Pool.

Market Watch 2016

August 4, 2016 — Toronto Real Estate Board announced that TREB REALTOR® Members reported 9,989 home sales through TREB’s MLS® System in July 2016. At just shy of 10,000 transactions, this was the best result on record for the month of July.

The MLS® Home Price Index (HPI) Composite Benchmark was up by 16.7 per cent in July 2016 compared to the same month a year earlier. Similarly, the average selling price for all home types combined was up by 16.6 per cent year-over-year to $709,825.

Real Estate TAX

As of August, foreigners buying property in Vancouver will have to pay a 15% tax. The B.C. government introduced the levy in an effort to cool down the city’s torrid real estate market-two months after saying it wasn’t in favour of it out of concerns it would deter investment from Asia . Concerns are now racing that foreign capital will migrate elsewhere, including Toronto

JUNE, 2015
Market Watch

Strong Start to 2015

June 3, 2015 — Toronto Real Estate Board President announced 11,706 sales reported by Greater Toronto REALTORS® in May 2015. This result was up by 6.3 per cent in comparison to 11,013 sales reported in May 2014.

Record May transactions, coupled with a dip in the number of homes available for sale, resulted in strong price growth. The MLS® Home Price Index (HPI) Composite Benchmark was up by 8.9 per cent year over year in May.

The average selling price for all home types combined in May 2015 was up by 11 per cent annually to $649,599. The higher annual rate of average price growth compared to the MLS® HPI Composite Benchmark points to the fact that the proportion of high-end home sales continued to be greater compared to 2014.

Some interesting info

Mansion has $ 500 MILLION price tag

One of the biggest homes in US history is rising on a Los Angeles hilltop and the developer hopes to sell it for a record $ 500 million. The project will exceed 100,000 sq.f, including a 5,000 sq.f master bedroom, a 30 car garage and a” Monaco-style casino”,4 swimming pools, including a 180 foot infinity pool, green and energy-efficient house. Nile Niami a film producer and speculative residential developer  is pouring concrete in LA’s Bell Air neighbourhood. Niami’s project on a 4 acre hilltop lot will have 360-degree views of the pacific Ocean , Beverly Hills and the San Fernando valley.

The current highest US asking prices $195 million for Palazzo di Amore, a Beverly Hills estate. The record sold  $ 147 million last year. The priciest home ever sold was a $221 million London penthouse in 2011 according to Christie’s

Valuable Tips:

Add life,color and texture to any room simply by adding fresh flowers in unexpecting containers. Popular flowering plants includeorchirds,African violets and cacti

Market Watch August 7, 2014 — Toronto Real Estate Board President Paul Etherington reported strong year-over-year growth for July 2014 sales and the average selling price. Sales reported by TREB Members through the TorontoMLS system were up by 10 per cent to 9,198. This was the second-best July sales result on record. The average selling price for July 2014 sales was $550,700  up by 7.5 per cent compared to July 2013. The strongest rate of price growth was reported for the detached market segment in the City of Toronto, with a year-over-year change of 11 per cent. The better-supplied condominium apartment segment experienced average price growth of 5.3 per cent for the GTA as a whole.

Valuable Tips: Closing day for a house deal is stressful. But no matter how well you plan, you must be prepared for unforeseen things to arise if you handle them the right way, your deal will still close and more importantly, you’ll be satisfied with result. Here are some of the things that I have seen come up: The Furnace is not working- The best way to resolve this is to get an estimate to fix the problem and then offer the seller the option of fixing the problem themselves or giving the buyer a credit for the repair. There is an outstanding city permit- This typically means the owner of the home has started work that needed a building permit, but didn’t have the inspector sign off when the work was finished. The buyer must proof the work was in fact done correctly or else the buyer will be responsible to fix this after closing. If the permit is related to work done by a prior owner who wasn’t the actual seller, then it is the possible the title insurance will solve the issue.

Market Watch

Dear Friend

Market Watch

House sales were down almost 10 per cent in the first half of May, but prices climbed by one of their highest levels in months – a 5.4 percent gaindriven largely by sales of detached homes. But even condos more than held their own. While sales were down 13 per cent across the GTA, and the inventory of units for sale remains above historic norms, prices were up 1.1 per cent overall across the GTA – 2.1 per cent in the city. But despite the lower sales numbers, the average transaction price during the first two weeks of May was $543,838, a 5.4 per cent increase over the same period last year and one of the biggest price gains seen in the last few months.

I know it… I live it… I sell it…

SOLD By Lena Preje

as a result of my marketing plan and negotiation skills.

162 Hounslow Ave SOLD within 10 days for 115% of asking price.

Clients Write:

Thank you for the impressive work you did during the 10 days from the date of listing on May 17, 2013, to the sale of my house on May 27, 2013.

You patiently and without pressure kept in touch with me about market conditions for years so that when the time to sell came there was no doubt in my mind about who my agent would be.

Your strategy that you carefully explained to me for this property worked so effectively that the final result was a remarkable 15% above listing price.

Without question I will recommend your services to anyone thinking of either selling, or buying a property.

Sincerely,

Ian Bullock

202 Patricia Ave SOLD within 3 days for 100% of asking price.

Clients Write:

Dear Lena,

Thank you very much for your very professional service.

Just during one month you have found for me a nice townhouse for living and sold my house just in three days with over asking price. Everything was so smoothly.

Defiantly I will recommend you to my friends.

My best wishes to you.

Tatiana

191 Patricia Ave Sold within 11 days for 98% of asking price

Clients Write:

I know Lena Preje for seven years! I have bought and sold real estate with her a few times and during this time she did not ever let us down. Lena Preje is a very professional agent and that not least a very sensitive person. Lena Preje loves her people with whom she works and does everything possible to make us feel comfortable. All of our purchases and sales that were with Lena Preje were very quick. Virtually all transactions for the sale is made in 3 or 4 days! Dear Lena, we are very grateful to you for all the work that you are doing for us! You are the best as a real estate agent and we would like to recommend your services to all of our friends, because there is no one better than you!!

With love and respect Aida and Konstantin

440 Connaught Ave SOLD within 30 days for 96% of asking price.

For Sale:

NEW PRICE: 42 Glenvale BLVD – $1,399,000

This Picture Home Greets With Red Wood Swarovski Crystal Doors, Bay Window Compliments Tinted Mirrors Glass Stylish And Elegant Stucco And Art Iron Perfectly Located In Prestigious North Leaside. New Custom Reno Throughout. Open Concept Liv/Din Offers Wood Fireplace . Ultra Modern European Kitchen Quartz Counter Top, Breakfast Bar, Walkout To Party Size Deck. Mr Br Featuring Double Closets, 6 Pc Ensuite With Jacuzzi Shower Tower And Massage Jets. Elect. Bidet, 1 car garage.

You can take a look at the Virtual Tour by clicking the link below.

Virtual Tour

NEW PRICE: 890 Sheppard Ave W. – $699,000 (Commercial Property)

Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To Ttc & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit Incl 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheappard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishings. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

Dear Friend,

Market Watch Report:

The average selling price in March was $519,879 – up by 3.8 per cent compared to March 2012. The average price in Q1 2013 was $508,066 – up by 3.2 per cent compared to the first quarter of 2012.

I know it… I live in it… I sell it…

PROPERTY FOR SALE BY LENA PREJE

Just listed! 202 Patricia Ave

Price: $1,248,000
Great Custom Built Family Residence, 4000 Sq Ft, 5 Br & 6 Baths. Open Concept L/D Offers Gleaming Hdwd Fl, Crown Moulding. Family Room & Marble Double Fireplace. Library. Dream Gourmet Kit Feat Center Island, Oversized Eat-In Area, S/S Appl, Walk Out To Party Size Deck, 2 Ultra Private Gardens, King Size Mst Br With 6Pc Ensuite, W/I Closet. All Br With Ensuite Baths. Fin W/O Bsmt Compliments Large Rec Room, Sauna, Br, 4Pc Bath & Kit With Sep Entrance.
Extras: S/S Fridge, Oven, B/I Dishwasher By Miele, Stove, Microwave, Washer, Dryer, B/I Unit In Thefam Room, Fridge & Stove In Bsmt , All Window Coverings, All Elf’s, 3 Skylights, Fireplace, Crown Mouldings, 2 Car Garage, Interlocking Driveway.

Just listed! 162 Hounslow Ave (Yonge/ East of Senlac only 2 blocks)

You are welcome to join us today for our Open House! Sunday May 19th And 26th From 2:00Pm-4:00Pm
Price: $749,000
Bungalow On A Premium Lot (58.08 X 131.20) In Prime Willowdale Neighbourhood. Amongst Million Dollar New Custom Homes East Of Senlac. Attention Builders And First Time Buyers. Solid Brick Bungalow 2 Br, 2 Bath, Finished Basement With A Detached Garage. Live Now And Build Later. Very Private Lot With Matured Trees At The Back Of The Backyard.
Extras: All Elf’s, Fridge, Stove, Washer, Dryer.

Just listed! 42 Glenvale Blvd (Bayview/Eglinton) Leaside

You are welcome to join us today for our Open House! Sunday April 28th from 2-4pm
New Price: $1,399,000
This Picture Home Greets With Red Wood Swarovski Crystal Doors, Bay Window Compliments Tinted Mirrors Glass Stylish And Elegant Stucco And Art Iron Perfectly Located In Prestigious North Leaside. New Custom Reno Throughout. Open Concept Liv/Din Offers Wood Fireplace . Ultra Modern European Kitchen Quartz Counter Top, Breakfast Bar, Walkout To Party Size Deck. Mr Br Featuring Double Closets, 6 Pc Ensuite With Jacuzzi Shower Tower And Massage Jets. Elect. Bidet, 1 car garage.

New Price: 440 Connaught Ave (Bathurst/Drewry)

Offering $798,000
Well Kept Home Upgrade & Renovated, Backsplit With 4 Br + 3 Bath Featuring Open Concept Liv/Din Room, Family Size Kitchen, Custom Cabinetry And Granite Countertops. Top Of The Line Appliances, Updated Bathroom, Hardwood Floors Throughout! Newer Windows, California Shutters, Crown Mouldings, Perfect For Large Family. Close To School, Parks And TTC. Move in and enjoy.

Commercial Property for Sale – 890 Sheppard Ave W. /unit 1 (Sheppard/Dufferin)

New Price – $699,000
Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To TTC & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit includes 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheppard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishing. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

Attention Investors

We’re coming out of hibernation and spring is in the air signalling new beginnings and opportunities!
Have you considered the opportunity of investing in Real Estate? Whether it be a rental property, a secondary property for your children to live in while they attend post secondary, or purchasing new condo, I can guide you through it.

New Condo pre-construction FIVE, prime location Yonge/Bloor subway line.

FIVE has already been offering incredible incentives of up to $20,000 cash back and only 10% Down for a limited time!
Construction is well above ground on the daring Skyscraper with 10,000 Square Feet of fantastic amenities. Don’t Delay, Call me now! With an offer like this, these places will be snapped up before you can count to FIVE.

Staging Tips!

Light Up the House

Create a sense of openness and cheerfulness in your home through lightening. It’s all about light!
• Opening shades and drapes to let the sun shine warm and lighten rooms
• Installing brighter light bulbs in rooms that tend to be dark.
• Adding additional lamps for ambient lighting adding tables, floor lamps, as well as overhead fixtures.
• Add a decorative street lamp or an attractive light to a front porch.

Dear Friend,

MARKET WATCH

Average Price up in March and First Quarter

April 3, 2013 — Greater Toronto Area REALTORS® reported 7,765 transactions through the TorontoMLS system in March 2013 – down 17 per cent compared to 9,385 transactions in March 2012

In the first quarter of 2013, sales amounted to 17,678 – down by 14 per cent compared to Q1 2012.

The average selling price in March was $519,879 – up by 3.8 per cent compared to March 2012. The average price in Q1 2013 was $508,066 – up by 3.2 per cent compared to the first quarter of 2012.

“The average selling price and the MLS® Home Price Index Composite Benchmark was up on a year-over-year basis across most home types, especially in the low-rise market segments where supply remains an issue. TREB’s average price forecast for 2013 remains at $515,000, representing a 3.5 per cent annual rate of growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Prices, however, held up with Toronto condos selling up 2 per cent over March 2012.

The average detached home sold for an average of $846,828 in Toronto compared with $582,265 in the 9005 region, the real estate board said

I know it… I live in it… I sell it…

191 Patricia Ave – asking price: $1,170,000

SOLD within 3 days for 98% of Asking price

10 Torresdale Ave #2102 – for lease: $1,725
Luxury “Savoy” By Tridel. 2 Br 2 Bath Large Balcony Perfectly Located At Bathurst/Finch, Steps To Ttc, Schools, Library. East View, Very Bright, Unobstructed. Totally Renovated Newer Hardwood Flooring And Modern Kitchen With Granite Countertop. Parking And Locker. All Inclusive And Cable Tv. Great Amenities, 24 Security, Indoor Pool, Tennis Court, Sauna, Rec Room, Exercise Room, Guest Room

440 Connaught Ave  for sale: $799,000
Well Kept Home Upgrade & Renovated, Backsplit With 4 Br + 3 Bath Featuring Open Concept Liv/Din Room, Family Size Kitchen, Custom Cabinetry And Granite Countertops. Top Of The Line Appliances, Updated Bathroom, Hardwood Floors Throughout! Newer Windows, California Shutters, Crown Mouldings, Perfect For Lage Family. Close To School, Parks And Ttc. Great Workmanship Place

890 Sheppard Ave W. #1 for sale: $715,000
Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To Ttc & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit Incl 8 Owned Surface Parking Stalls + 5 Additional Reserved/Exclusive Use Parking Stalls. 13 Parking Stalls In Total. 10 Ft Ceilings

Things to do and places to go in Toronto

Best New Toronto Restaurants 2013

SHŌTŌ – Toronto’s most exciting restaurant. At Shōtō, on the third floor of the lofty Momofuku complex, a black granite bar with just 22 prized seats encircles an open kitchen. Admission is $150 and an extra $80 for pairings—the best money you’ll spend all year. 190 University Ave., momofuku.com

EDULIS – Hidden among King West’s condos, this perfect little place is a happy throwback to a time when a romantic night out meant the burble of Edith Piaf, the flattering glow of candlelight and a leisurely meal that starts with buttered homemade bread. 169 Niagara St. 416-703-4222edulisrestaurant.com

COTTAGE LIVING Spring Cottage Life Show The annual showcase of all things cottage is hosting more than 500 vendors and a range of seminars on topics from cottage ownership to outdoor cooking. Catch HGTV’s Home Heist hosts Colin and Justin dishing cottage design tips on the main stage. $17. April 5—7. International Centre, 6900 Airport Rd.cottagelife.com/shows

EVENTS Total Health 2013 Festival Over sixty experts are giving talks on everything from natural healing to GMO’s at the annual natural health convention. Try an organic facial or sample the gourmet food and drinks at one the 200-plus booths. $10-19. April 5—7. Metro Toronto Convention Centre, North Building. 255 Front St. W., totalhealthshow.com

Dear Friend,

MARKET WATCH

Price Growth Continues in February

March 5, 2013 — Greater Toronto Area (GTA) REALTORS® reported 5,759 sales through the TorontoMLS system in February 2013 – a decline of 15 per cent in comparison to February 2012. It should be noted that 2012 was a leap year with one extra day in February. A 28 day year-over-year sales comparison resulted in a lesser decline of 10.5 per cent.

The average selling price for February 2013 was $510,580 – up two per cent in comparison to February 2012.

Condo Market Report

Condo Market Well Supplied in the Fourth Quarter

January 11, 2013 — Greater Toronto REALTORS® reported 3,830 condominium apartment sales through the TorontoMLS system during the fourth quarter of 2012. This number represented a decline of 23 per cent compared to 5,005 sales during the same time period in 2011.

The average selling price for condominium apartments in the fourth quarter was $332,410 – down by one per cent compared to the fourth quarter of 2011.

“The condominium apartment market was the best supplied market segment in 2012. Strong condo apartment completions in 2011 and the first few months of 2012 resulted in a substantial number of new listings on the TorontoMLS system last year.

Across the GTA the average house appreciated from $275,231 on 2002 to $497,298 last year, an almost 80 percent increase over the decade, amounting to average annual gains of about 6 per cent.

Those price escalations eased somewhat 2007 to 2012 (from an average 4376,236 to 497,298 amounting to a still-hefty 32 per cent gain)

Fist time buyers now in the market are moving up faster than in the past, an average four to seven years from their initial purchase. “inventory levels remain a challenge within Toronto proper – with 300 single-detached homes currently listed for sale in the $500,000 to $700,000 price range from Victoria Park to Islington, north to Steeles Ave, the TorontoMLS report notes

Listings are expected to climb as the March to May spring buying season nears.

Toronto ranks 20th among top 30 global cities where multimillionaires live.

The ranks of Canada super-rich are expected to grow by nearly 35 per cent over the next decade, a global report by a UK-based property consulting firm predicts.

The number of individuals in Canada with a net worth of at least $30 million (U.S.) was 4,922 last year, according to The Wealth Report by Knight Frank. That number is expected to swell to 6,637 by 2022, says the report, published Wednesday.

New York leads the list with 7,580 super-rich residents, followed by London and Tokyo.

The study found Toronto ranks high on the list of “cities that matter” to people with money. Scoring ninth overall out of a list of 40, Toronto ranks fourth on quality of life.

PROPERTY FOR SALE BY LENA PREJE

Commercial Property for Sale – 890 Sheppard Ave W. /unit 1 (Sheppard/Dufferin)

New Price – $715,000

Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To TTC & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit includes 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheppard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishing. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

Attention Investors

Buying a REAL ESTATE is probably one of the biggest business transaction you will ever make.

As you know real estate continue to be just about the best hedge against inflation that is available today.

I have a special program and VIP prices for pre-construction and new developer buildings.

When it comes time to invest in your real estate future, please call me to discuss this matter.

Dear Friend,

MARKET WATCH

Positive Start to 2013
February 5, 2013 — Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012.

I know it… I live in it… I sell it…

PROPERTIES FOR SALE BY LENA PREJE

New Price: 440 Connaught Ave (Bathurst/Drewry)

Offering at $799,000

Well Kept Home Upgrade & Renovated, Backsplit With 4 Br + 3 Bath Featuring Open Concept Liv/Din Room, Family Size Kitchen, Custom Cabinetry And Granite Countertops. Top Of The Line Appliances, Updated Bathroom, Hardwood Floors Throughout! Newer Windows, California Shutters, Crown Mouldings, Perfect For Large Family. Close To School, Parks And TTC. Move in and enjoy.

Exclusive Home for sale: 191 Patricia Ave (Yonge/Steeles)

Offering at $1,170,000

Welcome to luxury custom built home 4 BR & 5 Baths in a desired neighbourhood. 20 FT ceilings, foyer with iron staircase. Open and spacious L/D room. Outstanding kitchen  with custom cabinetry,   granite countertops, walkout to deck. Fam. room featuring gas fireplace. Library with built-in wall unit and French door. King size MR. BR. offering 6 pc. in suite and W/I closet. All BR featuring bath & closest. Large lower level boast spa-like sauna, theatre room with “Sony” projector and pool table. 9 ft. ceiling and sep. entrance. Magnificent with European charm.  Hard wood floors throughout, coffered 10′ ceiling on 2nd level. fenced backyard, professionally landscaped, interlocked driveway.

Commercial Property for Sale – 890 Sheppard Ave W. /unit 1 (Sheppard/Dufferin)

Asking Price – $750,000

Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To TTC & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit includes 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheppard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishing. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

Attention Investors & Buyers

I am designated VIP agent for the new pre-contraction project.

FIVE Condominiums at 5 St. Joseph Street (Yonge/Bloor)

FEW UNITS LEFT

Contemporary architecture rising above historic lofts, located on St. Joseph & Yonge Street between Bloor & Wellesley Street in downtown Toronto.

Developer: MOD and Graywood developments LTD are the developers of the Residences at the Ritz Carlton.

In the condominium apartment rental market, transactions rose by almost 13 per cent year-over-year in the fourth quarter, while the number of units listed for rent increased by over 17 per cent. Average rents were up on a year-over-year basis for one-bedroom and two-bedroom apartments.

You can have a look and join me on:

Facebook: www.facebook.com/lena.preje

Youtube: http://www.youtube.com/user/LenaPrejeToronto

Twitter: @LenaPreje

Linkedin: http://ca.linkedin.com/in/lenapreje

Website: www.Lenapreje.com

Dear Friend,
Another article in the Globe and Mail about a successful sale by Lena Preje!

16A TERRACE AVE., TORONTO

Price cut on Willowdale home boosts interest

Published Friday, Jan. 25, 2013 11:00AM EST
Last updated Friday, Jan. 25, 2013 11:04AM EST

ASKING PRICE $1,198,000 / SELLING PRICE $1,160,000 / DAYS ON THE MARKET 44

LISTING AGENT Lena Preje, RE/Max Ultimate Realty Inc.

The Action: This detached, two-storey house is on a quiet, child-safe street in Willowdale. It was priced at $1.225-million, but was lowered to $1,198,000 to reignite interest during a slow market. The move led to a deal negotiation after roughly 20 showings.

What They Got: About five years ago, Didiano Home Design constructed two custom residences, including this 2,800-square-foot model with a built-in front garage and private back gardens. The inside features 10-foot ceilings and hardwood floors on the main level. Kitchen features a granite-topped island, a walkout to a deck and custom cabinetry, a climate-controlled wine cellar and walkout to the 33-by-127-foot grounds. The master suite is the most lavish of four sleeping quarters upstairs, with a walk-in closet and five-piece bathroom, which is the largest of five bathrooms.

The Agent’s Take: “It’s a perfect family house – great for entertaining – and you can just move in and enjoy,” says agent Lena Preje. “It was contemporary and classic in nice harmony.”Since the Italian builder actually resided there, it features top-notch materials and workmanship. “He used to have a restaurant, so the kitchen was really a chef’s dream kitchen with top-of-the-line appliances and an absolutely beautiful island with high quality granite countertops,” says Ms. Preje.“And the wine cellar was very unique, with enough shelving for a few thousand bottles of wine.”

Market Watch

Positive Start to 2013

February 5, 2013 — Greater Toronto Area REALTORS® reported 4,375 transactions through the TorontoMLS system in January 2013. This number represented a slight decline compared to 4,432 transactions reported in January 2012.

“The January sales figures represent a good start to 2013. While the number of transactions was down slightly compared to last year, the rate of decline was much less than what was experienced in the second half of 2012.

The average selling price for January 2013 sales was $482,648 – up by 4.3 per cent compared to $462,655 in January 2012. The MLS® Home Price Index (HPI) Composite Benchmark price was up by 3.8 per cent over the same period.

“There will be enough competition between buyers in the marketplace to prompt continued growth in home prices in 2013. Expect annual average price growth in the three to five per cent range this year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Properties for sale by Lena Preje

Just Listed

440 Connaugt Ave. (Bathurst/Drewry) – Offering $810,000

Well Kept Home Upgrade & Renovated, Backsplit With 4 Br + 3 Bath Featuring Open Concept Liv/Din Room, Family Size Kitchen, Custom Cabinetry And Granite Countertops. Top Of The Line Appliances, Updated Bathroom, Hardwood Floors Throughout! Newer Windows, California Shutters, Crown Mouldings, Perfect For Lage Family. Close To School, Parks And Ttc. Great Workmanship Place.

890 Sheppard Ave W. (Sheppard/Dufferin) – Commercial Offering $750,000

Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To Ttc & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit Incl 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheappard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishings. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

Dear Friend,
Hope your 2013 year is going well!

Market Watch

January 4, 2013 — Greater Toronto Area REALTORS® reported 3,690 sales through the Toronto MLS system in December 2012 – down from 4,585 sales in December 2011. Total sales for 2012 amounted to 85,731 – down from 89,096 transactions in 2011.

“The number of transactions in 2012 was quite strong from a historic perspective. We saw strong year-over-year growth in sales in the first half of the year, but this growth was more than offset by sales declines in the second half. Stricter mortgage lending guidelines resulted in some households postponing their purchase of a home. In the City of Toronto, the dip in sales was compounded by the additional Land Transfer Tax, which buyers must pay upfront,” said Toronto Real Estate Board (TREB) President Ann Hannah.

The average selling price in December 2012 was up by 6.5 per cent year-over year to $478,739. The average selling price for 2012 as a whole was up by almost seven per cent to $497,298.

Why the housing market won’t crash:

• Homes are more affordable.

• In 1990, the average GTA home cost half of what it does today. But interest rates were 12 per cent for a five-year term at the time.

• So if a two bedroom condo cost $250,000 in 1990 and you had a 20 per cent down payment, your monthly carrying costs, including interest, taxes and common expenses, were about $2,500.

• The average rental for a two-bedroom condo at the time was $1,100, according to the Housing New Canadians research group. So the economics of ownership made no sense.

• Today, even with a price of $500,000 if you have a 20-per-cent down payment with current interest rates at 3 per cent, the total monthly payment is what it was in 1990.

• It is still $2,500 per month, including common expenses and taxes. But in downtown Toronto, the average rent paid for a two-bedroom unit is now close to $2,500 per month.

Billionaires had a great 2012.

The richest person is currently telecommunications magnate, Carlos Slim of Mexico, worth $75.2 billion.

In second is Microsoft co-founder Bill Gates, worth $62.7 billion.

A close third is owner of clothing retailer Zara, Amancio Ortega, who is worth $57.5 billion.

Fourth and fifth are Warren Buffet and Ingvar Kamprad, worth $47.9 and $42.9 billion, respectively.

The richest people on the planet got even richer in 2012, adding $241 billion (U.S.) to their collect net worth, according to the Bloomberg Billionaires Index, a daily ranking of the world’s 100 wealthiest individuals.

Properties for sale by Lena Preje

10 Old York Mills (Yonge/York Mills) Suite #204 – Exclusive

Spectacular Suite Overlooking Park/South View. Boast Huge 800 Sq Ft Private Terrace, Perfect For Entertaining & Relaxing. This Elegant Suite Features : 9 Ft Ceilings, Crown Moudlings, Oak Hardwood Flooring, Marble Gas Fireplace, Granite Countertops, Top Of The Line Appl. One Of The Best Tridel Buildings In Desirable Hogs Hollow. Steps To Subway,401, Fine Dining, Shopping. Enjoy The Terrace Like Your Garden. Extra Large Storage Locker & Parking Space.

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1606.

890 Sheppard Ave W. (Sheppard/Dufferin)

Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To Ttc & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit Incl 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheappard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishings. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

Have a look and enjoy this file filled with beautiful homes, perhaps you can find your dream home!

Dear Friend,

Remembrance Day

Remembrance Day is a memorial day observed in Commonwealth countries since the end of World War 1 to remember the members of their armed forces who have died in the line of duty.

The day was specifically dedicated by King George V on 7 November 1919 as a day of remembrance for members of the armed forces who were killed during World War I. This was possibly done upon the suggestion of  Edward George Honey to Wellesley Tudor Pole, who established two ceremonial periods of remembrance based on events in 1917.

Market Watch

The average selling price for October transactions was $503,479 – up 6.2 per cent compared to October 2011. The MLS® Home Price Index composite benchmark price, which allows for an apples-to-apples comparison in terms of home attributes, was up by 5.1 per cent.

The impact tighter lending rules really hit homes across the GTA.

Sales of detached homes were down 3 per cent and semi-detached off 7 per cent in October, year over year. Prices were up 7 and 6 per cent respectively as listing for homes rose, but still not enough to much historic norms according by TREB.

The price of Toronto condo sold through the Toronto Real Estate Board’s Multiple Listing Service averaged $358.741 in October down 2 per cent over a year earlier, while sales were off 14 per cent.  2012 home sales, prices better than expected. Fundamentals of the market remain solid as ever, strong immigration to GTA and low interest rates.

I would appreciate the opportunity to meet with you to further outline the services I can provide. They include a COMPLIMENTARY market analysis of your home to determinate its present market value.

As a Certified Accredited Home Stager I offer a complimentary preparation and staging of your home. I have a special program and VIP prices for pre-construction and new developer buildings. In the meantime, if I can answer any questions about your home, please call me at 416 2714900

Clients write…

Dear Lena,

My wife Angie and I have had the distinct pleasure to meet and work with Lena throughout this sale of our house.  Lena staged our home tastefully and professionally compliments of herself. We were most impressed with her considerate and very polished mannerism and her vast knowledge of the market.  Lena is very well respected by her colleagues, thus we had several showings solely based on Lena’s reputation. Lena assured us and certain lived up to her promise that all prospects would be thoroughly screened and would not simply bring in traffic.

Without hesitation, I would highly recommend Lena Preje to everyone seeking an agent to sell their home. Lena is first and foremost a distinguished lovely lady that works with passion and possesses skills unparalleled to anyone in the real estate industry. Angie and I have been most fortunate to have had Lena help us in selling our home, a task that seemed impossible at times.  We are most grateful for the tenacity and determination Lena exhibited during the one week it took her to sell our home.

Our sincere and heartfelt gratitude,
Nicolas and Angie

Valuable Tips

It’s very important to winterize your home to prevent damage and save money on otherwise costly bills. Have your furnace and fireplace inspected. Prevent plumbing freezes by insulating exposed pipes, and draining all AC pipes and garden hoses. Call me for other. Call me for other “warm and cozy” Ideas!

Dear Friend,
MARKET WATCH

Time to look for investment property!

If the real estate market is headed for a correction, then it presents a historic opportunity for buyers of investment properties.

“The condominium apartment market was the best supplied market segment in the third quarter of this year. Strong condominium apartment completions in 2011 and the beginning of 2012 resulted in many investor-held units listed for sale. At the same time, sales dropped off relative to last year as some buyers moved to the sidelines as stricter mortgage lending guidelines resulted in increased costs of home ownership,” said Toronto Real Estate Board (TREB) President Ann Hannah.

The average selling price for condominium apartments in the third quarter, at $334,204, was flat in comparison to the same period last year.

“With more listings to choose from and fewer sales, condo buyers have not been as aggressive with regard to offers, and sellers have had to price their units competitively. The result was little upward pressure on the average selling price compared to last year. Given the supply of listings currently in the market place, the average rate of price growth for condo apartments should continue to lag price growth for low-rise home types over the next year,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Three major new condo developments will launch over the next two weeks – few new projects.

King Blue Condos is a new condo project by Easton’s Group of Hotels currently in preconstruction.

Location: 355 King St W/Peter St. in Toronto. Available condos start in the mid $200,000’s. The project has a total of 807 units in the downtown entertainment district.

Ten York Condos, a 69-story condominium tower set at a major gateway to the city’s core. Designed by Rudy Wallman, of Wallman Architects, will offer a sleek, contemporary and elegant tower. LOCATION : 10 YORK TRIDEL  ( YORK & HARBOUR STREET) Easy access to PATH system and Steps away from Financial District, Untion Station, Maple Leaf Square Building, Toronto Waterfront, Air Canada Centre, CN Tower.

Noir Condos is the latest urban project from Menkes

“Located on 87 Peter Street, the heart of the Entertainment District, the area can, in itself, be considered Noir’s most attractive amenity. Just half a block north of the world-class theatres and hot restaurants of King West, and only a block south of the chic boutique shopping and trendy nightlife of Queen West, the best of Toronto lies just outside our front door.

For info and VIP registration please call @416-271-4900

Toronto has slipped a notch in a global ranking of cities as a good place to live and work, according to an annual report by PricewaterhouseCoopers. Ranked third out of 27 cities, just behind New York and London, Toronto’s performance by most measures is still outstanding and study found, “Toronto’s economic strength, strong cultural and environmental values and reputation for safety make it a truly liveable and attractive place to be for both business and citizens alike,” said Raj Kothari, managing partner, Greater Toronto Area, PwC.

Properties for Sale by Lena Preje

10 Old York Mills (Yonge/York Mills) Suite #513 – NEW PRICE $739,000

Luxury Tridel Building In ‘Hoggs Hollow’ 2 Bdrm Corner Suite, Overlooking Ravine Setting,Large Balcony, Approx 1394 Sqft , Tastefully Decorated & Upgraded, Hardwood Flrs Thru-Out, 9′ Ceiling, Lrg Windows, Bright & Elegant, Open Concept L/D, Gourmet Kitchen With Custom Wooden Cabinets/Granite Counters. Mbr Featuring 4 Pc Ensuite, W/I Closet W/Closet Organizer. Lrg Foyer With Marble Floor, Perfect For Professional, Steps To Subway & 401, Fine Dining/Shopping

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1600

810 Old York Mills (Yonge/York Mills) Suite #204 – Offering price $798,000

Spectacular Suite Overlooking Park/South View. Boast Huge 800 Sq Ft Private Terrace, Perfect For Entertaining & Relaxing. This Elegant Suite Features : 9 Ft Ceilings, Crown Moudlings, Oak Hardwood Flooring, Marble Gas Fireplace, Granite Countertops, Top Of The Line Appl. One Of The Best Tridel Buildings In Desirable Hogs Hollow. Steps To Subway,401, Fine Dining, Shopping. Enjoy The Terrace Like Your Garden. Extra Large Storage Locker & Parking Space.

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1606.

890 Sheppard Ave W. (Sheppard/Dufferin) – Offering price – $800,000

Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To Ttc & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit Incl 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheappard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishings. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

Valuable Tips!

If you’re looking to buy a home, the fall and winter are the best times to jump into it. The market is generally slower, there is less competition between buyers and less foliage allows for you to see the exterior of the house better. Just like the postman, through snow and rain and heat, I am here to help you!

Dear Friend,

Another article in the Globe in Mail about a successful sale by Lena Preje!

10 WALLBRIDGE CT., TORONTO
ASKING PRICE $625,000 SELLING PRICE $627,000
DAYS ON THE MARKET Eight
LISTING AGENT Lena Preje, Re/Max Ultimate Realty Inc.

The Action: This spring agent Lena Preje took just days to sell an original, three-level side-split residence in Willowdale. A neighbour on the same street took notice and recruited the agent to sell this detached bungalow, which had more than a dozen showings and two competing offers.
What They Got: After the Second World War, the government sold over a dozen parcels of land on a quiet cul-de-sac to its military men, including the nearly 90-year-old seller of this solid brick bungalow who is among the last few veterans residing there.
The interior was kept fairly original with an open living and dining area, a kitchen, three bedrooms and two bathrooms, plus a recreation room with a built-in bar in the basement.
Outside, the 40-by-136-foot pie-shaped lot supports a private driveway and attached garage.
The Agent’s Take: “It’s a great location on a cul-de-sac, close to the TTC and steps to great amenities,” Ms. Preje said. “[The buyers] will enjoy the gardening because it’s very quiet, peaceful and safe property.”

http://youtu.be/mQTfv30_GnM

Market Watch

Prices up 6.1% in a year, but CREA sees signs new mortgage rules have cooled housing market.

It should be clear by year’s end if Canada is headed for a significant housing downturn as first-time buyers find themselves locked out of the market by tighter mortgage rules, realtors and economists say. The Number of homes sold dropped almost 8 per cent across the GTA between July and August.

That added up to an almost 15% decline in GTA resale activity year over year and an 8.9% drop across the country, “providing the first clear indication that the recent changes to mortgage regulations aimed at cooling the market are working as intended,” said CREA chief economist Gregory Klump. Steep demand and the low inventory of homes for sale helped offset the sales slump as the seasonally adjusted average price of a home in the GTA hit $501,058, up 6.1% over August 2011.

The resale housing market generates about $19 billion a year in economic spinoffs, from taxes and fees to furnishings and renovations, CREA has estimated. Some 334,208 homes have changed hands over Canada’s MLS system so far this year.

Properties for sale by Lena Preje

191 Patricia Ave (Yonge/Steeles) – NEW PRICE! $1,170,000

Welcome to luxury custom built home 4 BR & 5 Baths in a desired neighbourhood. 20 FT ceilings, foyer with iron staircase. Open and spacious L/D room. Outstanding kitchen with custom cabinetry, granite countertops, walkout to deck. Fam. room featuring gas fireplace. Library with built-in wall unit and french door. King size MR. BR. offering 6 pc. in suite and W/I closet. All BR featuring bath & closest. Large lower level boast spa-like sauna, theatre room with “Sony” projector and pool table. 9 ft. ceiling and sep. entrance. Magnificent with European charm. Hard wood floors throughout, coffered 10′ ceiling on 2nd level. fenced backyard, prof landscaped, interlocked driveway. Move in and enjoy!

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1642

10 Old York Mills (Yonge/York Mills) Suite #513 – Offering $758,000

Luxury Tridel Building In ‘Hoggs Hollow’ 2 Bdrm Corner Suite, Overlooking Ravine Setting,Large Balcony, Approx 1394 Sqft , Tastefully Decorated & Upgraded, Hardwood Flrs Thru-Out, 9′ Ceiling, Lrg Windows, Bright & Elegant, Open Concept L/D, Gourmet Kitchen With Custom Wooden Cabinets/Granite Counters. Mbr Featuring 4 Pc Ensuite, W/I Closet W/Closet Organizer. Lrg Foyer With Marble Floor, Perfect For Professional, Steps To Subway & 401, Fine Dining/Shopping

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1600.

10 Old York Mills (Yonge/York Mills) Suite #204 – Offering $830,000

Spectacular Suite Overlooking Park/South View. Boast Huge 800 Sq Ft Private Terrace, Perfect For Entertaining & Relaxing. This Elegant Suite Features : 9 Ft Ceilings, Crown Moudlings, Oak Hardwood Flooring, Marble Gas Fireplace, Granite Countertops, Top Of The Line Appl. One Of The Best Tridel Buildings In Desirable Hogs Hollow. Steps To Subway,401, Fine Dining, Shopping. Enjoy The Terrace Like Your Garden. Extra Large Storage Locker & Parking Space.

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1606.

890 Sheppard Ave W. (Sheppard/Dufferin) Asking price – $800,000 – Commercial Property

Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To Ttc & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit Incl 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheappard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishings. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

Dear Friend,

Just Listed By Lena Preje – Two beautiful suites #513 and #204

10 Old York Mills (Yonge/York Mills)

Suite #513
  

Luxury Tridel Building In ‘Hoggs Hollow’ 2 Bdrm Corner Suite, Overlooking Ravine Setting,Large Balcony, Approx 1394 Sqft , Tastefully Decorated & Upgraded, Hardwood Flrs Thru-Out, 9′ Ceiling, Lrg Windows, Bright & Elegant, Open Concept L/D, Gourmet Kitchen With Custom Wooden Cabinets/Granite Counters. Mbr Featuring 4 Pc Ensuite, W/I Closet W/Closet Organizer. Lrg Foyer With Marble Floor, Perfect For Professional, Steps To Subway & 401, Fine Dining/Shopping

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1600

Suite #204
  

Spectacular Suite Overlooking Park/South View. Boast Huge 800 Sq Ft Private Terrace, Perfect For Entertaining & Relaxing. This Elegant Suite Features : 9 Ft Ceilings, Crown Moudlings, Oak Hardwood Flooring, Marble Gas Fireplace, Granite Countertops, Top Of The Line Appl. One Of The Best Tridel Buildings In Desirable Hogs Hollow. Steps To Subway,401, Fine Dining, Shopping. Enjoy The Terrace Like Your Garden. Extra Large Storage Locker & Parking Space.

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1606

Lena Preje has listed and sold 17 units in this building

Dear Friend,

Just Listed By Lena Preje

191 Patricia Ave (Yonge/Steeles) – Offering $1,250,000

Welcome to luxury custom built home 4 BR & 5 Baths in a desired neighbourhood. 20 FT ceilings, foyer with iron staircase. Open and spacious L/D room. Outstanding kitchen with custom cabinetry, granite countertops, walkout to deck. Fam. room featuring gas fireplace. Library with built-in wall unit and french door. King size MR. BR. offering 6 pc. in suite and W/I closet. All BR featuring bath & closest. Large lower level boast spa-like sauna, theatre room with “Sony” projector and pool table. 9 ft. ceiling and sep. entrance. Magnificent with European charm. Hard wood floors throughout, coffered 10′ ceiling on 2nd level. fenced backyard, prof landscaped, interlocked driveway. Move in and enjoy!

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1642

890 Sheppard Ave W. (Sheppard/Dufferin) – Commercial Offering $800,000

Excellent Commercial Condo Office & Retail Space With Sheppard Ave Exposure. Perfectly Located At Sheppard/Allen Rd, Steps To Ttc & Subway. This Unit Is Currently Built Out As Offices & Would Be Perfect For Professional Use For Lawyers, Accountants & Other Services Related. Unit Incl 8 Owned Surface Parking Stalls + 4 Additional Reserved/Exclusive Use Parking Stalls. 12 Parking Stalls In Total. 10 Ft Ceilings. The Unit Is Also Complete With 3 Doors On To Sheappard Ave Which Provides A Great Opportunity To Sub-Divide & Rent Out To Other Tenants. High Quality Finishings. Floor To Ceiling Windows. Perfect For Advertising. Kitchenette & 3 Bathrooms.

60 Byng Ave Suite 1515 (Yonge/Finch) – Offering $320,000

Luxury “The Monet” Award Winning Condo. 1 Br+ Den, Den Could Be 2nd Br. High 9′ Ceilings. Unobstructed West View. Beautiful Kitchen, Granite Counter Top And Breakfast Bar. Large Mrbr With Double Closet. Sep Den With W/O To Open Balcony. Parking & Locker. Perfectly Located In Downtown Of North York And Steps To Subway, Shops & Restaurants. Beautifully Landscaped With Fountains. 24 Hr Concierge, Rec Room, Indoor Pool, Sauna, Guest Room, Billiard Room.

For Sale by Lena Preje

10 Old York Mills (Yonge/York Mills) Suite #513 – Offering $758,000

Luxury Tridel Building In ‘Hoggs Hollow’ 2 Bdrm Corner Suite, Overlooking Ravine Setting,Large Balcony, Approx 1394 Sqft , Tastefully Decorated & Upgraded, Hardwood Flrs Thru-Out, 9′ Ceiling, Lrg Windows, Bright & Elegant, Open Concept L/D, Gourmet Kitchen With Custom Wooden Cabinets/Granite Counters. Mbr Featuring 4 Pc Ensuite, W/I Closet W/Closet Organizer. Lrg Foyer With Marble Floor, Perfect For Professional, Steps To Subway & 401, Fine Dining/Shopping

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1600.

10 Old York Mills (Yonge/York Mills) Suite #204 – Offering $830,000

Spectacular Suite Overlooking Park/South View. Boast Huge 800 Sq Ft Private Terrace, Perfect For Entertaining & Relaxing. This Elegant Suite Features : 9 Ft Ceilings, Crown Moudlings, Oak Hardwood Flooring, Marble Gas Fireplace, Granite Countertops, Top Of The Line Appl. One Of The Best Tridel Buildings In Desirable Hogs Hollow. Steps To Subway,401, Fine Dining, Shopping. Enjoy The Terrace Like Your Garden. Extra Large Storage Locker & Parking Space.

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1606.

Market Watch

Low interest rates, high immigration and downsizing baby boomers will keep the bottom from falling out of Toronto’s softening condo market, says a new report by the Conference Board of Canada. New Mortgage rules and modest economic growth are likely to result in a 1.2 per cent drop in condo sales this year and a 2.2 per cent drop in starts, which hit record levels earlier this year thanks to a record 28,000 sales last year.

But condo prices are forecast to rise just 1.3 per cent this year, their lowest increase since 1996 and a far cry from the 7.4-per-cent jump recorded last year, which pushed the median price of a condo above $300,000 for the first time, notes the semi-annual Metropolitan Condo Outlook report.

Condo prices should rise about 2.5 percent in 2013 and average 3.6 per cent per year from 2014 on, says the Conference Board study on behalf of Genworth Canada, the private sector mortgage insurance equivalent of the Canadian Mortgage and Housing Corp.

“The market is poised for a slowdown, there’s no question about that,” says Conference Board senior economist Robin Wiebe, co-author of the report.“But it’s going to be gradual, not disorderly.”

That’s largely because single family homes have become so prohibitively expensive across the GTA they averaged more than $508,000 in July – that condos have become the most affordable alternative for many of the 100,000 people a year who continue to migrate to the GTA from other cities, other provinces and other countries.

The Inventory of unsold condos, which now stands at about 800 units across the GTA, is likely to grow by about 25 per cent as new buildings come on the market over the next two years, which could also keep prices relatively flat. But that unsold inventory is nothing compared to the peak, back in 1992, when there were 2,340 unsold condo units across the GTA.

Dear Friend,

Just Listed By Lena Preje – Two beautiful suites #513 and #204

10 Old York Mills (Yonge/York Mills)

Suite #513
  

Luxury Tridel Building In ‘Hoggs Hollow’ 2 Bdrm Corner Suite, Overlooking Ravine Setting,Large Balcony, Approx 1394 Sqft , Tastefully Decorated & Upgraded, Hardwood Flrs Thru-Out, 9′ Ceiling, Lrg Windows, Bright & Elegant, Open Concept L/D, Gourmet Kitchen With Custom Wooden Cabinets/Granite Counters. Mbr Featuring 4 Pc Ensuite, W/I Closet W/Closet Organizer. Lrg Foyer With Marble Floor, Perfect For Professional, Steps To Subway & 401, Fine Dining/Shopping

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1600

Suite #204
  

Spectacular Suite Overlooking Park/South View. Boast Huge 800 Sq Ft Private Terrace, Perfect For Entertaining & Relaxing. This Elegant Suite Features : 9 Ft Ceilings, Crown Moudlings, Oak Hardwood Flooring, Marble Gas Fireplace, Granite Countertops, Top Of The Line Appl. One Of The Best Tridel Buildings In Desirable Hogs Hollow. Steps To Subway,401, Fine Dining, Shopping. Enjoy The Terrace Like Your Garden. Extra Large Storage Locker & Parking Space.

You can have a look at the Virtual Tour by going to the link, http://homemaxtour.com/vtour/1606

Lena Preje has listed and sold 17 units in this building

Dear Friend,

MARKET WATCH

Greater Toronto REALTORS® reported 7,570 sales in July 2012, representing a decline of 1.5 per cent compared to 7,683 sales reported in July 2011. The chill of Toronto and Vancouver’s cooling markets was felt across the country in July with home prices down 2 per cent over a year earlier, despite strong gains in many Canadian housing markets. Compared to Vancouver, Toronto prices held relatively steady with the average price of a GTA home slipping just slightly in July to a seasonally adjusted $494,451 from $496,804 in June, according to statistics from the Canadian Real Estate Association.

“Recent changes to mortgage regulations were widely expected to temper sales and prices in Toronto” CREA president Wayne Moen said. The shorter amortization periods have driven up monthly carrying costs to the point where some first-time buyers are having difficulty qualifying for financing.

What Are the New Changes?

1. Reduce the maximum amortization period from 30 years to 25 years
2. Reduce the maximum loan to value (LTV) ratio on refinances from 85 per cent to 80 per cent
3. Insurance is limited to homes with a purchase price of less than $1-million
4. Maximum gross debt service ratio (GDSR) fixed at 39 per cent and total debt service ratio (TDSR) fixed at 44 per cent

Changes have taken effect July 9th, 2012 in efforts to cool some red hot Canadian markets – namely Toronto and Vancouver.

Just Listed by Lena Preje – 10 Old York Mills #513 (Yonge/York Mills)

OPEN HOUSE! Saturday August 18th FROM 2-4PM Luxury Tridel Building In ‘Hoggs Hollow’ 2 Bdrm Corner Suite, Overlooking Ravine Setting,Large Balcony, Approx 1394 Sqft , Tastefully Decorated & Upgraded, Hardwood Flrs Thru-Out, 9′ Ceiling, Large Windows, Bright & Elegant, Open Concept L/D, Gourmet Kitchen With Custom Wooden Cabinets/Granite Counters. Mbr Featuring

4 Pc Ensuite, W/I Closet W/Closet Organizer. Large welcoming Foyer With Marble Floor, Perfect For Professional, Steps To Subway & 401, Fine Dining/Shopping. Great Facilities, 2 Stry Dramatic Foyer, 24 Hr Concierge, Pool, Bbq, Putting Green Area, Party Rm And Guest Suites.

Asking price: $758,000

Random Facts about The City of Toronto!

Year city was founded: 1834
Population: 2.48 Million
Area: 630 km2
Density: 4,150 people per km2
Tallest structure: CN Tower, 553 metres

You can have a look and join me on:

Facebook: http://www.facebook.com/lena.preje
Youtube: http://www.youtube.com/user/LenaPrejeToronto
Twitter: @LenaPreje
Linkedin: http://ca.linkedin.com/in/lenapreje
Google +: https://plus.google.com/u/0/104448258025809658384/about

Dear Friend,

MARKET WATCH

The lack of building-ready land for single-family homes in particular has hampered economic recovery and resulted in about 50,000 fewer houses than needed being built across the GTA in the last five years, says the report by economist Will Dunning, who has studied and commented on the housing market here for three decades. The fact there aren’t enough homes to meet demand is also impacting rents.

“Vacancy rates in the residential rental market are lower than they should be and rent increases are more rapid than they should be,” about $25 per month as of 2011, he estimates as more people find themselves locked out of the home market by escalating prices and forced to revert to renting longer than hoped.

The realty company anticipates 8% price growth in resale home prices across the GTA this year. Two-storey homes sold for an average of $668,829 at the end of June, a 7.3% price jump over the same period last year, the report says. Detached bungalows had the biggest year-over-year in-crease, 8.3%, and now sell for an average of $560,187, according to Royal LePage’s annual second-quarter report. Condos increased by an average 5.5% to $363,588.

CURRENT EVENTS IN FASHION AND THEATRE

Disney Studios commissioned Christian Louboutin to design its modern-day Cinderella-inspired slippers.

Designer Christian Louboutin took shoe inspiration from a princess and is featured in a short film on the Cinderella: Diamond edition DVD this fall. Above, the slippers he made of lace and crystal.

Christian Louboutin is one of the world’s most revered shoe designers and is well known for his trademarked red soles, colourful croc sin and sky-high stilettos.

2012 Toronto Jazz Festival July 28th – 29th at Kew Gardens (Queen East Beaches)

StreetFest is a Beaches International Jazz Festival signature event showcasing the finest in Big Band, Swing, Dixieland, Smooth, Post-Bop, Afro-Cuban, Fusion, Funk, R&B and Soul sounds that Toronto has to offer. Upwards of 50 Canadian bands entertain you along a 2 km stretch of Queen Street East, closed for this occasion. It’s an annual pilgrimage for close to a million folks who come out on the Thursday, Friday and/or Saturday to groove to the music, swing to the sounds and soak in the street scene and ambience. Admission is FREE to all!

For more information on the Toronto Jazz Festival you can visit http://www.beachesjazz.com/

Dear Friend,

Dear Friend,

Just listed by Lena Preje

75 York Mills Road suite 411, (Yonge/York Mills)

Offered at $518,000
One Of A Kind Boutique Condo By Shane Baghai In Prestigious Hogg’s Hallow Area. Corner N/W Unit With Unubstructed View. 2 Br, 2 Bath, Approx 1,290 Sq Ft. Welcoming Large Foyer With Marble Floor, French Door Leading To Family Size Kitchen Featuring Custom Cabinetry,Coriancountertop, Brand New S/S Appliances. W/O To Large Balcony. The Open Concept L/D Offers 2 Large Windows, 9 Ft Ceilings, Crown Moulding, New Hardwood Floor, Decent Size Split Bedroom Large Laundry Room With Ample Storage, 2 Parking spaces

 

16A Terrace Ave (Sheppard/Bathurst)

Offered at $1,225,000
Luxury Custom House Built By Didiano Home Design With Charm & Character. Approx. 2800Sqft, 4Br & 5Bath, Perfectly Located On A Quiet, Child-Safe Street. This Beautiful Home Features Open Concept 10Ft Ceilings On Main Level. Chef Dream Kit W/ Oversized Granite Island & Custom Built Cabinets, Large Size Bkfst Area With W/O To Deck. Family Rm Offers Fireplace, Pot Lights, Crown Mouldings. Large Sized Bdrms, Mr Bdrm With W/I Closet & Spa-Like 5Pc Bath Ensuite.  Finished Lower Level Provides Kitchen W/ Custom Kit Cabinetry, 3Pc Bathroom, Large Wine Cellar, W/O To Private Garden.

 

Market Watch,

Average condo price in downtown jumps to $360,892.
The average selling price of GTA condo was up 3.7 per cent in the first quarter of 2012 – 334,952 compared to $322,857 year over year, according to statistics from the Toronto Real Estate Board. But prices downtown, where the vest majority of construction and sales occurred hit $360,892 in the first three months of 2012, up from $348,799 a year ago.

I’m a designated agent for new preconstruction projects in Downtown, Toronto. Great investment oppertunities! For more information contact me.

New owner Clayton Smith takes Star on tour of heritage office building

Welcome to the Gooderham building dating back to 1892. It is probably better known as triangular Flat Iron building that sits where Front, Church & Wellington Streets meet. Clayton Smith, president of the Commercial Realty Group, bought the building in December from Woodcliffe Landmark Properties for $15.29 million. The estimated office rent will start at $64 gross per square foot, including realty taxes and rent.

I am a designated VIP agent for this condo.

FIVE Condominiums 5 St.Joseph Street,Toronto Builder’s inventory: FEW UNITS LEFT Located: Contemporary architecture rising above historic lofts, located on St. Joseph & Yonge Street between Bloor & Welsley Streets in downtown Toronto. Developer: Graywood developments LTD are the developers of the Residences at the Ritz Carlton & 8 Mercer. Project: Proposed construction of a 45-storey glass & steel condominium Tower with 412 units.

Looking ahead we see signs that 2012 will be a good year for the housing market in Greater Toronto.

Real Estate News

Reasons to Buy Real Estate Today it is an excellent time to buy a home. There are some reasons why now may be an opportune time to act.

Large Selection
In Many Locations, there are a large number of homes to choose from: A large selection obviously gives you many choices. Sellers who have had their homes on the market for months are beginning to realize the reality of the situation. House prices have dropped in many areas and asking prices should drop too. As a buyer, you can take advantage of this situation by having lots to choose from at very good prices.

Affordability
Prices have dropped thus making houses more affordable as compared to a few years ago. Interest rates are also very low. This combination makes buying a home even more affordable. You can take advantage of this by being able to afford a home that you might not have been able to afford in the past. It is not just the price of the home that affects its affordability. The mortgage terms will impact your monthly payments. As a qualified buyer, you are in the driver’s seat!
As I always recommend, get a pre-approved mortgage so that you know how much you can afford. This will help you to look at homes that fit your price range.
Time and time again, it has been proven that Real Estate is a good investment over the long haul. Despite legitimate concerns over economic conditions this remains an excellent time to buy a home!
Annual Summary Single Family Home Sale If you are thinking about buying, selling or investing please feel free to call me. I would be more then glad to help you with all of your Real Estate needs. By the way keep the referrals coming I truly appreciate them.