December 2014 Newsletter

Hi!
Well, here we are in the last month of the year! We have had our first snow fall, the temperatures are dropping and the holidays are just around the corner. December is a very busy month with events and activities galore to keep the entire family entertained.The Broadway hit Jersey Boys returns to Toronto December 17 – January 4 at the Ed Mirvish Theatre. This Tony Award winning musical, taking place in 1960’s America, tells the history of the rock ‘n roll group The Four Seasons from their formation to their break-up. If you missed this when it was in Toronto before it is definitely a must see!

 

The historic Princess of Wales Theatre is home to Blades On Stage, a skating performance by Canada’s finest figure skaters like Elvis Stojiko, Shae-Lynn Bourne and Violetta Afansieva. The stage of the theatre is frozen over to allow the Olympians to perform their champion moves. Blades On Stage combines the art of figure skating with the showmanship of musical theatre. This is a performance the entire family can enjoy.

 

The extraordinary Distillery District is once again the host for the annual Toronto Christmas Market. Inspired by European style Christmas markets, it offers unique gift ideas from local vendors and craftsmen. Throughout the market there is a stage with musical performers, carolers, a Ferris Wheel, beer gardens and of course Santa and his reindeer.

 

New Year’s Eve marks the end of 2014. I hope that this year has been a happy and healthy one for all. Around the City there are numerous ways to ring in the New Year.

Enjoy and Best Wishes to All for 2015!
Elli

Newsletter Contents

225 Davenport Road #602 – $549,000“The Dakota” Quiet East Location With Treed Views Overlooking Garden. Approx. 1,150 SqFt (Per Builder’s Plan) Featuring Spacious Combined Living/Dining Room/Solarium, Eat-In Kitchen, Two Bedrooms, 2 Full Baths, Parking And Locker. Superb Building Amenities Include Concierge, Exercise Room, Party Room, Visitor Parking, Rooftop Deck/Garden With BBQ. One Pet Allowed. Steps To Vibrant Yorkville, TTC, Dining, Shopping And Entertainment. Minutes To Downtown And Gardiner Expressway.

 

175 Cumberland St. #1102 – $595,000Renaissance Plaza! Located In Fabulous Yorkville! Spacious Combined Living/Dining Room, Eat-In Salvarani Kitchen, Extra Large 1 Bedroom With Wall-To-Wall Built-Ins And 5 Piece Ensuite, Marble Foyer And 2 Piece Powder Room. Superb Amenities Include 24 Hour Concierge, Indoor Pool, Sauna, Gym, Racquet Court. Approximately 1,260 Sq Ft (Per Builder’s Plan). Steps To Entertainment, Fine Dining, Designer Shops And Public Transit. Close To Financial District, U Of T, Hospitals And Gardiner Expressway.

 

2 Fieldway Road #517 – $265,000“Network Lofts” at Bloor and Islington! High 10′ Ceilings, Open Concept Kitchen/Living Room/Dining Room With Concrete Floors, Separate Bedroom, 4 Piece Bath, Ensuite Laundry, Juliette Balcony & Locker. Superb Building Amenities Include 24 Hour Security, Visitor Parking, Exercise Room, Whirlpool, Rooftop Terrace, Fully Equipped Party Room & Guest Suites.

 

10 Prue Avenue #301 – $689,000Sensational space and layout! Beautifully renovated kitchen with breakfast room, 2 renovated marble washrooms, maple hardwood floors, pot lights, built-ins! Freshly painted. Two side-by-side parking spaces, plus storage in parking area. Live-in superintendent. Close to shopping, dining, TTC and synagogues. Boutique building with only 2-3 units per floor!

 

Elli Davis News

Thinking of Buying? Thinking of Selling?Visit our website for the Buyer’s Guide and Seller’s Guide or feel free to contact me at mail@ellidavis.com and I will get right back to you.

Real Estate News

Banks Take a Hard Look at Micro Condos

Micro condos, those that are less than 500 square feet, are a modern phenomenon in Toronto occupying as much as 30% of some of the newer buildings in the city. As they have been added so recently to our landscape, lenders are lagging in updating their policies to include these small living spaces. Some of the major banks and lending institutions still have restrictions against mortgages for suites of this size. What is a buyer to do? What are the options, and what does the future hold? Susan Pigg of the Toronto Star reports.

Read More

Market Watch Report

November 2014: Sales & Price Growth Continue

December 4, 2014 — Toronto Real Estate Board President Paul Etherington announced that Greater Toronto REALTORS® reported 6,519 residential transactions through the TorontoMLS system in November 2014. This result was up by 2.6 per cent compared to 6,354 sales reported in November 2013. Through the first 11 months of 2014, total sales amounted to 88,462 – up 6.6 per cent compared to the same period in 2013.

While the trend of year-over-year sales growth continued, the supply of listings remained constrained, with active listings at the end of November down in comparison to last year.

“Even with a constrained supply of homes for sale in many parts of the Greater Toronto Area, buyers continued to get deals done last month. Households remain upbeat about home ownership because monthly mortgage payments remain affordable relative to accepted lending standards. This is coupled with the fact that housing has proven to be a quality long-term investment,” stated Mr. Etherington.

The average selling price for November transactions was up by 7.4 per cent year-over-year to $577,936. The year-to-date average price was up by 8.4 per cent to $567,198. The MLS(R) Home Price Index Composite Benchmark price for November was up by 7.7 per cent compared to a year earlier.

“The robust average price growth experienced throughout 2014 has been fundamentally sound, with demand high relative to supply. Strong competition between buyers has exerted upward pressure on selling prices. Barring a substantial shift in the relationship between sales and listings in the GTA, price growth is expected to continue through 2015,” said Jason Mercer, TREB’s Director of Market Analysis.

Click here for the full report

Toronto Events Calendar for December

Blades on Stage
(December 24, 2014 – January 4, 2015)This ice skating spectacular has been specifically created for the Princess of Wales Theatre in which the stage is transformed into a frozen vista! World class skating artists such as Elvis Stojko, Shae-Lynn Bourne, Violetta Afansieva and Pete Dack will interpret many standards of musical theatre, as well as some holiday favourites. The whole family can enjoy the thrill of an ice skating performance in comfortable theatre seating!Polar Bear Dip (January 1, 2015)

The 10th Annual Toronto Polar Bear Dip will once again take place on January 1st! This fun and exhilarating event supports Habitat for Humanity, and to date has raised almost $200,000 in funds that have gone directly to build projects in Toronto. What better way to start the new year and maybe clear your head a little after celebrating the night before, than an invigorating dip in Lake Ontario.


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