October 2014 Newsletter

Welcome to Fall! Although the days are getting shorter and cooler, there is much for us to look forward to.

I hope you had a wonderful Thanksgiving weekend. This special holiday is the chance for us to give thanks for a good harvest and other good fortunes within the past year. It is the ideal opportunity to spend time with family and friends.

This is a season of Fall Fairs and Festivals which include Harvest and Agricultural fairs as well as craft fairs. Displays of livestock, show horses and midway entertainment are prevalent at these events. Many Farmer’s Markets also have a “fair” like quality about them.

David Pecaut Square in once again host to Toronto’s Fashion Week which runs October 20 – 25. Throughout the week there will be several runway and studio shows where designers will have their newest creations on display. This will be your first chance to catch a glimpse of the Spring 2015 collection.

October wraps up with Halloween which is observed on the 31st. I sincerely wish you all the best and hope you have the chance to enjoy all the fun activities that come with the picturesque Autumn season.

Regards,
Elli

 

Hot Listings!

a12670 Rosehill Ave #206 – $1,475,000

“The Rosehill” Superb 2 Bedroom plus Den & Balcony! Featuring Herringbone Hardwood Floors, Wood Burning Fireplace, Spacious Combined Living Room/Dining Room, Updated Eat-In Kitchen with Recent Appliances, Master & 2nd Bedroom with Ensuite, Den with Oak Bookshelves & Juliette Balcony.

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360 BloorSt E360 Bloor Street East PH #5 – $529,900

Luxurious “Three Sixty on Bloor”! Superb 2-level penthouse with balcony overlooking Rosedale Ravine!

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10 Prue Ave10 Prue Avenue #301 – $689,000

Sensational space and layout! Beautifully renovated kitchen with breakfast room, 2 renovated marble washrooms, maple hardwood floors, pot lights, built-ins!

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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

real-estate-mania

The Winners and Losers of the Absolutely Outrageous, Viciously Competitive, Record Breaking Market

For buyers and sellers and everyone who considers real estate a spectator sport, Toronto Life brings you a searing portrait of housing market madness, featuring the city’s hottest blocks, fiercest bidding wars, most unscrupulous agents, and other shocking tales from the front. By John Semley. Featuring 2 of Elli’s recent sales: 177 Wychwood Avenue and 18 Cortleigh Boulevard.

 

Market Watch Reportmarket watch

Sales and Average Price Growth Continued in September

October 3, 2014 — Toronto Real Estate Board President Paul Etherington announced that there were 8,051 transactions reported through the TorontoMLS system in September 2014. This result represented a 10.9 per cent increase compared to September 2013. On a year-to-date basis through the first three quarters of the year, sales were up by 6.9 per cent annually to 73,465.

“Despite a persistent shortage of listings in some market segments, we have experienced strong growth in sales though the first nine months of 2014. This is evidence that GTA households remain upbeat about purchasing a home. The majority of home buyers purchase a home using a mortgage. The share of the average household’s income dedicated to their mortgage payment remains affordable, which is why buyer interest has remained solid,” said Mr. Etherington.

The average selling price for September 2014 transactions was $573,676 – up by 7.7 per cent compared to the same period in 2013. Average year-over-year price growth was strongest in the City of Toronto, both for low-rise home types like detached and semidetached houses and for condominium apartments. The average selling price year-todate was $563,813 – up 8.5 per cent compared to the first nine months of 2013.

“If the current pace of sales growth remains in place, we could be flirting with a new record for residential sales reported by TREB Members this year. On the pricing front, the multitude of willing buyers in the marketplace coupled with the short supply of listings will continue to translate into very strong annual rates of price growth in the fourth quarter,” said Jason Mercer, TREB’s Director of Market Analysis.

Click here for the full report

Toronto Events Calendar for October

haunted walkHaunted Walks of Toronto (October 10 – November 1)

The Haunted Walk provides walking tours to the spookier parts of the city during the month of October. Locals and visitors alike can enjoy an evening walking through one of Toronto’s neighbourhoods listening to the darker stories of our city’s rich history and learning about the spirits that haunt the area. Reservations are recommended.

wickedWicked (Until November 2)

On stage now at the Ed Mirvish Theatre (formerly the Canon), this ambitious stage production tells the story of two young girls who grow up to become the Wicked Witch of the West and Glinda the Good. Winner of over 50 prestigious awards, including a Grammy and three Tony awards, this show is sure to delight!


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