December 30th, 2009
Canada Mortgage and Housing Corporation has released a new, 47-pages long report about housing starts in GTA in November 2009. Unfortunately, the statistics do not seem to be very positive. Housing starts have actually decreased to 2,514 units last month, following three increases in a row.
(GTA Housing Starts in November 2009 continued...)December 30th, 2009
Toronto 2015 Pan/Parapan American Games, a huge international sport event for athletes, have officially announced a 12-member Board of Directors. As one of the its first tasks, the Board will choose an executive officer along with a management team helping to organize the huge event taking place in 2015. The Canadian Olympic Committee is "eager to work with all partners as logistical preparations begin for the Games fewer than six years away."
(Toronto 2015 Pan/Parapan American Games continued...)December 28th, 2009
According to a report of the Canadian Chamber of Commerce released today, Canadian economy will keep on growing in 2010. But even though the economic outlook has improved, economic growth is still in danger and the government has to continue stimulus measures, said the Chamber president, Perrin Beatty.
(Canadian economy to grow in 2010 continued...)December 28th, 2009
Washington Post named the $270 million Michael Lee-Chin crystal at the Royal Ontario Museum in Toronto, designed by Daniel Libeskind, the worst building built in the last decade. Philip Kennicott, the author of the critical article published yesterday, described the building as ugly and useless.
(ROM Crystal Ugliest Building Of The Decade, according to Washington Post continued...)December 27th, 2009
A very interesting online survey of 1,225 Royal LePage real estate agents and brokers across whole Canada was conducted in November 2009. Even though our country is on a good way to recover from recession, according to its results, buyers are still worried about the stability of the economy and some of them are afraid the prices will decline once again.
(Royal LePage agents reveal their thoughts about buyers continued...)December 26th, 2009
According to Conference Board of Canada, positive expectations about employment and household income helped to increase the consumer confidence index in the country. The December index rose by 3.7 points from November and 26.2 points from January 2009 up to 82.8 points.
(Increase of consumer confidence index continued...)December 26th, 2009
Toronto lovers of art, good news for you! The works of 30 finalists for the 2009 Kingston Prize portrait competition will be available to look at, at Waddington's Auctioneers from 8th to 19th January 2010.
(Portraits exhibition in Toronto continued...)December 25th, 2009
A great infrastructure project on its way! This week, Canada and Ontario announced a joint investment project with Toronto's Ronald McDonald House. The more than $26 million investment will serve to approximately 80 families with seriously ill children. Ronald McDonald House and the governments of Canada and Ontario are each going to invest about one third of the total cost.
(New house serving ill children on its way! continued...)December 25th, 2009
We live in one busy city even during the most peaceful time of the year. The biggest Christian holidays, when almost everything is closed and calm are a quite convenient time for Muslims to meet up. Thousands of them from across Canada and the US are now arriving to Toronto to attend one of the biggest Islamic conferences in Canada.
(Islamic conference in Toronto continued...)December 24th, 2009
As Canada is recovering from its first recession since the very beginning of 1990's, the news about November home sales in GTA were quite heartwarming. Partly for this reasons - the nicely increasing numbers of sold houses, it was expected that the economy in Canada is growing quite fast. However, it only grew by 0.2 percent in October 2009.
(Growths and declines in Canadian economy continued...)December 23rd, 2009
Gareth Seltzer once moved money on Bay St. for a living. Now he’s made a business of renovating grand old Annex homes. He’s currently on his seventh, a Victorian beauty on Huron Street.
Gareth Seltzer is delighted that the house at 534 Huron was divided up into five apartments in the 1950s.
(Hooked on historic homes continued...)December 22nd, 2009
Immigrants will save Canadian housing industry! Sounds impossible but it might quite possibly be true. At least according to a report recently released by Canada Mortgage and Housing Corporation (CMHC). Canada's population growth is not exactly great at the moment, and until 2036, it is going to slow down even more. This only means that fewer new households will be created. Thus we must count on immigrants to save the situation.
(Immigrants to save Canadian housing industry continued...)December 22nd, 2009
After great cities like London, Los Angeles, Hong Kong or Sydney, Toronto is the 14th one to become very electric car friendly. As Toronto Mayor David Miller seems to be really a fan of environment issues lately, he recently proclaimed that Toronto is committed to working with Toronto Hydro and the province to ensure that the infrastructure is there for the charging of the vehicles.
(Electric car friendly Toronto continued...)December 21st, 2009
If it seems like indebtedness of Canadians is starting to get too high, Canada might require people taking out mortgages to come up with a larger downpayment, Finance Minister Jim Flaherty announced on Sunday.
(Possible higher mortgage downpayments in Canada continued...)December 21st, 2009
Copenhagen was one of the most discussed cities this past week. But not only the UN climate negotiations, the intention of which was to increase international efforts to reduce emissions of all the gases considered responsible for global warming, were taking place in Denmark’s capital. Leaders from approximately 80 top cities of the world, including Toronto, were also discussing interesting topics at the Climate Summit for Mayors at Copenhagen City Hall. The title of their meeting was "Cities Act" and municipal action and intake was showcased there.
(Toronto Mayor in Copenhagen continued...)December 19th, 2009
Another interesting new construction on its way! On Tuesday, Steve Mirkopoulos, the president Cinespace Film Studios announced the acquisition of a 30 acre property in Etobicoke. The property will become a multi-studio complex, quite possibly the biggest one in Toronto. It should contain many studios, production office suites and of course, parking places.
(Huge New multi-studio complex to be built in Toronto continued...)December 19th, 2009
Regent Park, one of Toronto's neighborhoods, is going to get a new facility. The planned 68,000 square foot arts and cultural centre should be completed in March 2011 and will cost Ontario and the federal government $24 million. The new facility follows the building of an aquatic centre, a $17 million investment, in Regent Park and is another important part of 15 year $1 billion, revitalization project of the neighborhood.
(Arts and cultural centre for Regent Park continued...)December 18th, 2009
Environmentally friendly vehicles are going to be developed really close to Toronto, in Ontario! Today, the government of Canada and Magna International Inc announced their partnership and aim to build a research center for developing next-generation vehicles.
(A facility for environmentally friendly vehicles to be built in Ontario continued...)December 18th, 2009
After much positive economy and real estate news, here is something not as good. Once again, TREB has released an interesting report. Its Commercial Members claim that 468,350 square feet of leased space were recorded past month in Toronto, as Commercial Council Chair Garry Lander has announced yesterday. In November 2008, 1,113,195 square feet were recorded, which suggests a quite significant, about 58 percent decrease.
(Traded square feet of space decreased in Toronto in 2009, but prices are up continued...)December 17th, 2009
Seems like the candidates for mayors of Toronto just cannot be quiet until the official start of the campaign, 4th January 2010. On Tuesday, Rocco Rossi has declared he would bring new ideas to Toronto, he didn't mention many of them, though.
(Rossi would sell Toronto Hydro continued...)December 17th, 2009
I am thrilled to announce that I have once again ranked in the top 1% of Canada’s residential sales force of over 14,000 Royal LePage agents.
(Announcing Chairman’s Club 2009 continued...)December 17th, 2009
The Bank of Canada seems to be really concerned about people's debts lately. During his speech at the National Forum of business leaders in Toronto yesterday, the bank's governor Mark Carney warned Canadians again not to borrow more money than they will be able to afford when the low interest rates(0.25 percent) rise.
(Bank of Canada advises consumers to be responsible continued...)December 17th, 2009
Gareth Seltzer once moved money on Bay St. for a living. Now he's made a business of renovating grand old Annex homes. He's currently on his seventh, a Victorian beauty on Huron Street.
Gareth Seltzer is delighted that the house at 534 Huron was divided up into five apartments in the 1950s.
(Hooked on historic homes continued...)December 16th, 2009
Toronto will be the host of another great show! The so called Indian Oscars, a huge Bollywood award show will take place here in June 2011, the International Indian Film Academy has announced on Friday. Dalton McGuinty, the Ontario Premier, says he is thrilled.
("Indian Oscars" in Toronto continued...)December 16th, 2009
The 2010 Capital Budget and 10-year (2010-2019) capital plan was approved at Toronto City Council last week. More than half of the budget for 2010, $2.4 billion, will fund public transportation. Transportation and labor issues were the most significant ones during the budget talks.
(Toronto's Budget for 2010: All Public Trans continued...)December 15th, 2009
A recent report published by Statistics Canada claims that Toronto building permits in October increased quite significantly, by 42 percent, up to $1.042 billion dollars. Their value in September was $733 million dollars. In whole Canada, permits in October were up by 18 percent to $6.1 billion. Ontario obviously forms a big part of the growth at the national level - only the value of Toronto's permits comprises one sixth of the national one.
(Toronto Building Permits Increased continued...)December 15th, 2009
Among the states of G8, Canada is going to be the leader in economic growth in 2010. That is according to the reports released yesterday, 14th December. Merril Lynch Canada and Royal Bank of Canada predict 2.6% and 3.2% growth next year, which would be higher than the growth of 7 fellow countries in G8.
(Canada - leader of G8 in economic growth continued...)December 14th, 2009
Good news for fans of sport in Toronto!!! The Olympic torch will arrive to the city this Thursday, the 17th. Until Saturday, the 19th, more than 1, 000 torchbearers all dressed up in white will carry it for 48 kilometers through the streets of Toronto. Come and support them!
(Olympic Torch in Toronto continued...)December 14th, 2009
The official campaigns of wanna-be-mayors of Toronto have not started yet. In spite of the fact they are supposed to be launched only on 4th January 2010, one of the candidates, George Smitherman has already begun with expressing his vision of better Toronto.
(Smitherman's ideas for better Toronto continued...)December 14th, 2009
The following information is taken directly from TREB (Toronto Real Estate Board).
The provincial government has introduced legislation to combine the eight percent Provincial Sales Tax with the five percent federal Goods and Services Tax, creating a 13 percent Harmonized Sales Tax (HST).
(What’s With All the Taxes? continued...)December 13th, 2009
As I already pointed out in my short article yesterday, a great event will take place on June 26th and 27th in Toronto. During his visit in South Korea this week, our Prime Minister Stephen Harper has announced that the G20 summit is moving to Toronto instead of the originally planned Huntsville area.
(G20 summit in Toronto: What does it mean for the city? continued...)December 12th, 2009
As the governor of the Bank of Canada, Mark Carney, said, the current, very low interest rates are very likely not going to maintain their current level for a long time. Thus it might be a big risk for those Canadians who are not able to afford higher payments in the future to borrow now, when the rates are so cheap.
(Warning by the Bank of Canada continued...)December 12th, 2009
Harry Potter lovers, watch out!!! As recently announced, in April 2010 a great touring show called "Harry Potter: Exhibition" will take place in Toronto. Interestingly, Toronto will be the first and only Canadian city to host this event. You will be able to see many cool artifacts from making of the Potter movies – more than 200 costumes will be available.
(Interesting events to take place in Toronto continued...)December 12th, 2009
An Update From The Toronto Real Estate Board
Mid-Month Resale Housing Market Figures
In the first two weeks of November, Greater Toronto REALTORS® reported 3,666 sales – up 84 per cent compared to the first two weeks of November 2008.The average price for these transactions was up 10 per cent year-over year to $415,066.
(Market Update – Mid November 2009 continued...)December 11th, 2009
According to today’s announcement of Statistics Canada, new home prices in the country increased by 0.3 percent in October from September. Actually, this is already the fourth consecutive gain, as the monthly index has been rising since July.
The biggest gains were reported in Quebec City, where they were as high as 1.1 percent. Second place belongs to Vancouver with 0.7 percent increase. The BC metropolis was followed by Sudbury and Thunder Bay, Ontario, in both of which the gains were 0.5 percent.
Some cities achieved a quite opposite result, though. For example in Edmonton, the monthly decrease in new housing prices is 0.3 percent. In Charlottetown, the decline is even higher – it goes up to 0.7 percent.
If we consider the housing only component, the index increased by 0.4 percent and the cost of land decreased by 0.1 percent during the month. When comparing years 2008 and 2009, it needs to be said that the index is down by 2.1 percent this October.
December 11th, 2009
The recovery of the leading economies of the world is continuing. The newest summary of the housing statistics for 2009 provided by the Global Property Guide supports this claim.
In the third quarter of 2009, the biggest increase of the housing prices was in Israel: 10,2 percent. The most significant decline, on the other hand, was in Latvia: 59,7 percent . As for Canada, the housing prices decreased by 2,14 percent. Overall, in the third quarter more countries went had a decline than an increase.
But in spite of many price decreases, it is still possible to say, as mentioned in the beginning, that the economies are aiming towards recovery. The quarter-on-quarter house price changes Canada, Germany, Singapore, South Africa and the UK are positive again, which is a good sign. Also, the annual data show a clearer picture that the statistic of the third quarter solely. According to those, prices have increased in 16 states and fell in only 11 over the year. Let's just hope this trend will continue!
December 11th, 2009
My Team and I would like to wish you all a happy and healthy holiday season.
The Elli Davis Team
(Happy Holidays continued...)December 10th, 2009
Few of the top Canada's banks have decreased some of their mortgage rates. They reacted this way to the official announcement of the Bank of Canada to keep its interest rate at a historic low.
To mention few examples, the Royal Bank of Canada reduced its one-year closed rate by 1/5 percent, its four-year closed rate by 1/20 percent and its five-year closed rate by 1/10 percent.The four-year closed rate of TD Canada Trust decreased by 1/20 percent and its five-year closed rate by 1/10 percent.
The Bank of Canada has also declared this week that it is going to maintain its overnight rate at 1/4 percent until the second quarter of 2010 and it plans a three percent growth for the year. It should be a positive period for persons planning to buy and renovate too, as the rates are going to be attractive.
December 10th, 2009
The trail has over 400,000 LED lights. You can walk through the trail on pedestrian-only Wednesdays, or drive through any other night of the week. You can find the directions of the Trail of Lights on the map.
(December Events 2009 continued...)December 9th, 2009
"Unfair" is the word used by many to describe the state many homeowners are in at the moment. To be exact, this situation only concerns those borrowers, who did not qualify to be financed by traditional lenders. Their alternative sources of finance, the so called orphaned mortgage companies are causing them trouble.
A huge number of mortgages by such companies was issued during the real estate boom almost three years ago. Due to the credit crunch, nearly half of them will not be renewed, no matter how well and regularly the borrowers paid their loans.
Lenders are thus requesting a special billion-dollar fund from a federal government. The fund should renew the healthy mortgages of borrowers who could not afford loans from a bank. However, the officials from the Finance Department are sceptical and question the the estimates of the lenders.
The situations seems to be quite complicated and its turnout will surely be interesting - we will have to wait and see. Anyway, best of luck to the homeowners!
December 9th, 2009
The Canadian mortgage market underwent many structural innovations and changes in recent year, mainly during 2006 after the federal government liberalized mortgage insurance. Mortgage innovation was needed in Canada, but has been relatively more conservative than in the U.S. Nowadays, as a result of these changes, the Canadian mortgage market differs from the U.S. in the following ways:
(Differences Between Canadian and U.S. Mortgage Markets continued...)December 8th, 2009
Good news!!! Signs of recovery in the real estate market are continuing to show quite significantly. According to the newest "Market Watch" of Toronto Real Estate Board, Greater Toronto REALTORS® reported that 7, 446 is the exact number of sold homes in GTA during November 2009. In comparison with November 2008, the sales more than doubled.
There was an increase in the median and average prices for a property too. This November, the median price for a real estate was $353,800, compared to $312,250 from November of 2008. The average price for a house/condo went up by 14 percent over the year to reach as much $418,460.
This trend can be expected to continue also in the first three months of 2010, because the housing market was in a quite critical state in the first quarter of 2009. Thus the comparison will reveal noticeable differences. After that period, the contrast should become less apparent.
The original, 16 pages long report of Toronto Real Estate Board including detailed charts and graphs can be found here.
December 7th, 2009
- Address: 378 Bloor St. W.
- Contact: (416) 922-6999
With well over a decade serving the heart of The Annex, Serra Pizza & Pasta is rapidly becoming one of the few respectable restaurants on the Bloor Street strip between Spadina and Bathurst – which is sliding into what some might call disrepute.
(Serra Ristorante Review continued...)December 4th, 2009
To understand the innovation and change that the mortgage market in Canada underwent, we first must make sense of the changes that occurred in the housing market. The housing market is one of the many factors along with the Canadian economy and monetary policies that influenced the transformation.
(Mortgage Changes in Canada continued...)November 30th, 2009
- Address: 1144 Eglinton Avenue West
- Contact: (416) 783-5829
Sabatino’s has been a Forest Hill fixture just a stone’s throw from the Eglinton West subway for the past 32 years, but when the polished restaurant opens for these two hungry diners, it’s a very youthful couple that greets us enthusiastically by the door and ushers us into the restaurant’s bright interior. They’re at least thirty years younger than the uniformed waiter who waves us to the cloakroom to hang up our coats.
(Sabatino’s Restaurant continued...)November 24th, 2009
The world’s housing markets are showing signs of recovery. The numbers differ from country to country and some are more optimistic than other. In most countries, it’s still much cheaper to rent a house than to buy one of equal size and quality. This is a consequence of a low rent price and a high mortgage rate.
(Canada and International Housing Markets continued...)November 23rd, 2009
If you are an art lover, or can appreciate the fine craftsmanship of artisans of all walks, than this is the show for you! Products range from clothing, home decor, one of a kind jewellery, children’s toys, furniture, and so much more.
(Seasonal Events 2009 continued...)November 18th, 2009
We all know that we should be helping the environment, and now is the time to do your part!
Some of us still have those energy-guzzling appliances stored in the basement, but with just one phone call, you can rid yourself of that extra cost and do it in an environmentally friendly manner.
(Stop Wasting Money & Help The Environment! continued...)November 16th, 2009
Whether you are buying or selling, these are terms you will soon be familiar with. If you are listing your home and want to make sure your custom closet organizer does not go with the house, you need to know the difference.
"If the item is so attached to the home or the property that it requires a tool to remove it, it is a fixture. If it is not attached at all, then it is a chattel."
(Real Estate Market In November continued...)November 10th, 2009
Frida Restaurant and Bar aspires to transform and elevate the Mexican food culture in Toronto.
Motivated by the authentic spirit of Mexican painter Frida Kahlo, the restaurant serves modern Mexican food in a fresh, relaxed setting. With a native Mexican chef whipping up refined Mexican fare, Frida puts an upscale twist on country’s humble cuisine.
(Forest Hill Mini Restaurant Reviews continued...)November 10th, 2009
The Bank of Canada is sticking to its commitment to hold interest rates at the current level of 0.25% after the latest rate announcement at the end of October. Experts agree it is not the time to change it.
The rate has being maintained at record lows for half a year now and the Bank wants to keep it static at least till June 2010. Low interest rates are the key factor for the housing market rebound and still fuel the solid number of sales realtors are experiencing all around Canada.
(Canadian Interest Rates to Remain Steady, Experts Agree continued...)November 9th, 2009
"The Crohn’s and Colitis Foundation of Canada (CCFC) presents an All That Glitters Gala: "
(Crohn’s and Colitis Foundation of Canada – All that Glitters Gala, Nov 8th continued...)November 8th, 2009
People are gradually coming to expect a calmer pace of sales as winter looms, but the latest news from the GTA market gurus shows that the rise in pent-up demand still isn’t finished.
(Year-to-year Sales Skyrocketing continued...)November 6th, 2009
Centrally located and popular with young professionals and families, Davisville Village is an attractive area in Midtown Toronto between St Clair and Eglinton which offers an unprecedented array of housing options. Depending on what part of the neighbourhood you are in, you will see anything from detached and semi-detached houses to walk-up apartment buildings and towering high-rises circa 1970. Newer condominium apartments and custom built homes abound, and even some original homes from the late 1800’s remain.
(Davisville Village neighbourhood guide just published! continued...)November 1st, 2009
The Corner House has consistently been voted among the top ten restaurants in Toronto and has a Zagat rating of four stars. Essentially a house converted into a fine-dining establishment, this perennial midtown favourite is the perfect spot for special occasions when splendid ambience is called for. The Corner House has a reputation for French/Mediterranean inspired bistro cuisine with offerings such as lobster bisque, potato gnocchi and arctic char.
October 30th, 2009
Among all the government actions taken in Canada to ease last year’s real estate slump, the tax credit was one of those most highlighted. However, compared to the first time home-buyers tax credit offered by the US government, the Canadian one seems like a joke. But who will laugh last?
(Is the First Time Home-Buyers Tax Credit Really as Good as It Sounds? continued...)October 28th, 2009
A recent article from Bob Aaron on yourhome.ca reminded everyone about the long ongoing discussion on the Seller Property Information Statement (SPIS) form among realtors, lawyers and other people related to the resale real estate industry.
(Controversy Around SPIS Form continued...)October 19th, 2009
Elli Davis and the Royal LePage office at 55 St.Clair Avenue West, are strong supporters of the Royal LePage Shelter Foundation. They receieved an award for providing ongoing support and donations to the Shelter Foundation.
(Royal LePage Shelter Foundation Award continued...)October 18th, 2009
As in most of the countries worldwide, Canada has implemented a special set of policies to cope with the economic slowdown. This is known as Canada’s Economic Action Plan. With 90% of the initiatives of the fiscal year 2009-2010 being implemented, it is time to have a closer look at it, focusing on the Canadian housing sector.
Economic Action Plan is a group of hundreds of smaller projects providing fiscal stimulus to our economy. Reaching around 4.2% of Canadian GDP, it is one of the biggest stimulus packages around the world, surpassing even what is spent in the USA.
(Canada’s Economic Action Plan: Housing continued...)October 18th, 2009
The seasonally adjusted annual rate of housing starts in Canada dropped to 150,100 in September from August’s 157,300 units, according to report from Canada Mortgage and Housing Corporation.
(Housing Starts In Canada Calmer continued...)October 17th, 2009
Business journalist Garth Turner has been calling to vultch the USA real estate market in several of his articles as have many other economic advisors.
(Are we nuts? continued...)October 16th, 2009
We are delighted to announce that we have just completed and published a full historical and living guide for Bedford Park neighbourhood in Toronto. There are photos and neighbourhood recommendations that you can really use. Please have a look to see if your favorite is there and leave us a comment if you feel we’ve missed anything out.
October 15th, 2009
Sales of existing homes during the third quarter among the strongest on record according to The Canadian Real Estate Association. National resales up 18%.
(Highest Third Quarter Sales On Record! continued...)October 15th, 2009
Want to know Elli’s thoughts are on the current market? Visit her blog weekly to see the interesting topics she covers. With 26 years of Real Estate experience behind her, her knowledge of the current and ever changing market is very strong.
(Elli Davis’ Blog continued...)October 14th, 2009
When buying or selling a home, you may want to get advice on updating your kitchen, bathroom, or even lanscaping to increase your home’s value. Find tips
(Visit Royal LePage TV to get tips on Buying and Selling a Home continued...)October 14th, 2009
For some, a garage sale is just another way of making a some extra cash while decluttering their home. For others it is a fun activity which they love to repeat every year. No matter what your reasons are, our second article of Toronto homeowners guide will help you to accomplish this task with ease.
(The Fine Art of Garage Sales continued...)October 12th, 2009
The Royal LePage Shelter Foundation Gala took place on Saturday Oct 3rd. Elli was there supporting important events in the community.
(Royal LePage Shelter Foundation Gala continued...)October 10th, 2009
Summary of September results for Toronto real estate market by TREB.
(Real Estate in September continued...)October 9th, 2009
Whether you’re looking for a perfect gift, or a night out to enjoy wonderful music accompanied by amazing physical strength, consider OVO by Cirque Du Soleil, still on until November 8th. It will engage viewers of all ages, but tickets are selling fast.
(Cirque du Soleil continued...)October 6th, 2009
So we all find ourselves asking the same questions; Where is the Real Estate market these days? Is the recession really over? Is this a safe time to buy?
Good news – Things seem to be very active!
(Where Is The Market? continued...)October 1st, 2009
The Regal Heights Bistro
1077-1079 St. Clair Avenue West, Toronto, ON
(416) 651-2109
Neighbourhood: Regal Heights
As our car approaches the Regal Heights Bistro on St. Clair just east of Dufferin, the windshield wipers slap at driving rain that’s turned this stretch of Corso Italia into a churning sea of gravel and mud. The tearing up of St. Clair Avenue West for a streetcar track/road improvement project is still going strong five years later, and we’re reduced to one lane. Fortunately the bad weather seems to have kept traffic light, and we’re able to park just across the street from the restaurant.
September 30th, 2009
Nuit Blanche by Nuit Blanche takes over our streets at dusk on Oct 3rd until dawn of Oct 4th. Subways and TTC schedules are extended for 24 hrs and the night is yours to discover.
(What’s Happening in Toronto in October. continued...)September 26th, 2009
According to the short report from TREB, Toronto real estate market remains in a good shape also for the first half of September with 3,361 sales (1,280 in the City of Toronto and 2,081 in the rest of GTA).
These two weeks overcame the same period of 2008 by 23%. Average price grew by 8 percent to $393,818 ($415,126 in the City, $380,712 in the rest of GTA).
September 25th, 2009
Quince Restaurant
2110 Yonge Street, Toronto, ON
(416) 488-2110
Neighbourhood: Yonge-Eglinton
Rated by Eye Magazine as ‘outstanding’, but receiving mixed reviews from Toronto Life who ultimately rated it one of Toronto’s Best New Restaurants in 2007, Quince falls into the category of a must-try – a Mediterranean-inspired bistro with reasonable prices and a reputation for fresh, innovative flavours. Formerly of the acclaimed Stork on the Roof, the husband and wife team of Jennifer Gittins and Michael van den Winkel reappeared in fall of 2006 with this new midtown digs, just a couple blocks south of the busy intersection at Yonge and Eglinton.
September 20th, 2009
The Royal LePage interviewers asked real estate agents and brokers across Canada several questions on their opinion about the current situation in the market.
The results of this survey show that there is ongoing confidence in the strenght of the market among professionals. 61% of the respondents believe that the recent performance is sustainable, as opposed to 28% of negative opinions (11% don’t know).
(Agents Believe Market Is Sustainable continued...)September 16th, 2009
An interesting summary of the Canadian housing market highlights appeared in a recent article from Scotia Capital. Why is the Canadian real estate sector head and shoulders above other global real estate markets? Is there more potential for bullish or bearish trend?
Good conditions in the Canadian market are indicated by several factors. A big rise in listings stock from the spring was erased within a very short time period. It goes hand in hand with the stock of unabsorbed newly constructed homes, which dropped mainly due to the inevitable reductions in developers’ margins. But the most appreciated condition is the non-existing hidden stock of foreclosed homes. These hidden listings represent the biggest problems in the US market.
(Canadian Housing Market – Bullish Or Bearish? continued...)September 11th, 2009
The summer ‘micro-boom’ of the Toronto real estate market seems to be slowly fading away, according to data from the latest TREB report. However, the results clearly show that last year’s summer has been surpassed by the amount of units sold this year.
(Real estate market calmer in August continued...)September 8th, 2009
The Stockyards Smokehouse & Larder
699 St. Clair Avenue West, Toronto, ON
416-658-9666
Neighbourhood: Wychwood Park
The Stockyards is a new kid on the block that’s already been voted Toronto’s Best Barbecue by NOW Magazine, scoring a perfect 5 out of 5 n’s and making the tiny restaurant a real threat to the Portuguese churrasco at Christie and St. Clair, not to mention diverting takeout customers from the nearby McDonalds.
As someone who know how to make great chicken n’ ribs, I’m always skeptical when I hear buzz about great barbecue. Cluck, Grunt n’ Low at Bloor and Walmer had the best southern food and barbecue I’ve ever tasted, and they’re out of business, while some of the pulled pork offerings I’ve had lately tasted like sawdust coated in sauce. In fact, that’s the problem I have with barbecue joints in general. Coat any food in enough sweet, smoky sauce and it’ll probably taste good. So I’m already a doubter, but definitely up for some nice greasy meat, when I grab three friends and head to the Stockyards.
September 7th, 2009
The latest CMHC report shows that Ontario new housing start ups are not as agile as the local real estate resale market.
(Housing starts didn’t keep pace with the resale market continued...)September 6th, 2009
The first entry in our homeowner guide will help you prepare for the next year’s heat waves.
(Keeping You Cool in Toronto continued...)August 27th, 2009
Short note from TREB confirms the continuous positive trend of this summer in the Toronto real estate market.
(Toronto real estate – short report continued...)August 18th, 2009
Particularly for first time buyers, this can be a difficult question because each option has its advantages and disadvantages.
(Condo vs House continued...)August 17th, 2009
Activity on the Toronto resale market continued with good results also in July. TREB report indicates ongoing improvement compared to July 2008.
(Toronto real estate in July continued...)August 12th, 2009
We are excited to announce our new Chaplin Estates neighbourhood guide with pictures and neighbourhood recommendations. See if your favorite is here.
(Chaplin Estates neighbourhood guide just published! continued...)August 11th, 2009
Report on the development of housing situation in Canada for the year 2008 and the first half of 2009.
(Housing Situation Report in Canada continued...)August 3rd, 2009
Trillium Bistro
1552 Avenue Road, Toronto, ON
416-783-9992
We’d heard the buzz about Locavore, a hot restaurant that opened on Avenue Road north of Lawrence last year; how Executive Chef Matt Cowan was doing amazing things with naturally raised, locally sourced food (when you don’t serve anything out of season, you definitely have to get creative – when there are no tomatoes for the sauce, what do you substitute?) With great reviews from the Toronto Star and reliable sites like martiniboys and chowhound, we happily stepped outside our geographical comfort zone and into what feels like a little part of suburbia in the city. As we stood outside a convenience store at the corner of Avenue Road and Lawrence, I pointed across the street at the mega-Shoppers, open 24 hours, and told my partner that Locavore had to be right beside it.
July 29th, 2009
We are excited to announce our new Lawrence Park neighbourhood guide with pictures and neighbourhood recommendations. See if your favorite is here.
(Lawrence Park neighbourhood guide just published! continued...)July 27th, 2009
Bank of Canada key overnight rate remains unchanged. As everywhere, also real the estate market in Toronto is influenced by this rate.
(Interest rate remains unchanged continued...)July 20th, 2009
MoveOntario 2020 is huge transportation project. Among many other effects, it’s going to influence Toronto real estate market
(MoveOntario 2020: Impact on Toronto Real Estate continued...)July 16th, 2009
We are excited to announce our new Forest Hill neighbourhood guide with pictures and neighbourhood recommendations. See if your favorite is here.
(Forest Hill neighbourhood guide just published! continued...)July 9th, 2009
After autumn decline, data show surprising results. Toronto real estate market recovered faster than we hoped, with June sales record.
(Toronto Real Estate Market Recovered Faster Than We Hoped continued...)July 8th, 2009
With the outburst of the Swine flu, people try their best to avoid falling sick. Can a surgeon mask help?
(Swine Influenza: Could a Facemask Save You? continued...)July 6th, 2009
With new changes, buyers of all new homes will receive a 75% rebate on the 8% “provincial portion” of the HST on the first $400,000 of the cost.
(HST Changes for New Home Buyers continued...)July 6th, 2009
Happy Canada Day! To celebrate Canada’s 142nd Birthday there are many events around the city throughout the day, from the CHIN picnic to fireworks displays
(What’s Happening in Toronto in July! continued...)July 4th, 2009
The office is abuzz with activity! The busy spring market does not seem to be slowing down as we are heading into the beginning of summer.
(Elli’s July Update! continued...)June 26th, 2009
We are pleased to announce our new Teddington Park neighbourhood guide with pictures and neighbourhood recommendations. See if your favorite is here.
(Teddington Park neighbourhood guide just published! continued...)June 26th, 2009
The main factors influencing the real estate prices explained.
(Real Estate Prices Explained continued...)June 22nd, 2009
We are excited to announce our new Deer Park neighbourhood guide with pictures and neighbourhood recommendations. See if your favorite is here.
(Deer Park neighbourhood guide just published! continued...)June 22nd, 2009
On a 40-by-115-foot lot at the corner of two residential streets, this centre hall home was oriented horizontally on the land, which allowed for about 3,000 square feet of living space inside, agent Elli Davis says.
"It’s a very spacious home on three levels," she says.
June 21st, 2009
Can you make sense of the financial world?
(Secret Weapons of the Big Banks continued...)June 19th, 2009
Just sold: an 18,000-square-foot Bridle Path mansion listed at $13.8-million.
(Sale of $13.8-million home caps blockbuster spring continued...)June 18th, 2009
We are excited to announce our new The Bridle Path neighbourhood guide with pictures and neighbourhood recommendations. See if your favorite is here.
(The Bridle Path neighbourhood guide just published! continued...)June 12th, 2009
A "superb, unobstructed south view" of the city and to the lake can be enjoyed from this suite at 110 Bloor St. W., says listing agent Elli Davis.
A combination living and dining room, a built-in desk in the eat-in kitchen and a solarium are highlights of the two-bedroom, two-bathroom suite.
June 6th, 2009
Views of the city skyline south to the lake can be enjoyed from this Granite Place suite, says listing agent Elli Davis. "The suite has two balconies with east and south exposures."
The two-bedroom, two-bathroom suite has been renovated with top-of-the-line custom finishes, she says. "Rooms are bright and modern."
June 5th, 2009
Meet the clients of Toronto’s top realtor Elli Davis and learn how it is she sells Toronto’s houses for more.
(ElliDavis.tv launches! Meet Toronto’s top realtor on camera continued...)June 3rd, 2009
The reverse mortgage has lately became a popular cash-raising option for pensioners. But be careful about compound interest before you consider one.
(The Reverse Mortgage: Is This an Option for You? continued...)June 1st, 2009
Luminato celebrates its third year in Toronto this year and will offer spectators a visual feast! The St. Lawrence Market will host “Woofstock 2009″.
(What’s happening in Toronto in June! continued...)June 1st, 2009
A news release from TREB announced that “Greater Toronto Realtors reported 4,561 transactions in the first half of May – an increase of three percent.”
(Sales were up in May! continued...)May 28th, 2009
Elli once again took part in the annual Charity Golf Classic in Support of Colon Cancer Canada.
(Anne Murray Charity Golf Classic in Support of Colon Cancer Canada continued...)May 20th, 2009
In Upper Forest Hill Village, this two-storey house is an ideal property for a couple looking to raise kids in a family-friendly community filled with libraries, parks, trails and recreation facilities.
But more importantly, it is close to desirable schools, such as Forest Hill Collegiate Institute, agent Elli Davis says. "That was the [main] motivation for the buyers because they have children going to the school."
May 15th, 2009
Another awesome summer in Toronto is nearing! Read on if you still haven’t decided how you’ll spend it.
(Summer events in Toronto continued...)May 9th, 2009
In the Park Royal neighbourhood, this four-level sidesplit home is close to a variety of amenities. The GO Train is nearby and bus service is outside the door, says listing agent Elli Davis.
The Clarkson Community Centre, a library, shopping, schools and highways are in the area, as are Rattray Marsh and Jack Darling Park.
April 25th, 2009
A landscaped private terrace with a fence with tempered glass, planters and a pergola are highlights of this suite, says listing agent Elli Davis.
The 2,854-square-foot suite plus 495-sq.-ft. terrace is like a large bungalow, she says.
April 20th, 2009
May is synonymous with Mother’s Day. For something different than the usual carnations and brunch, you can take Mom to The Metro Toronto Zoo.
(Mother’s day at the Zoo continued...)April 18th, 2009
This approximately 1,338-square-foot suite offers north and west views. "It’s steps to unique shopping, fine dining and public transit," says listing agent Elli Davis.
A combination living and dining room, an eat-in kitchen and a double closet and ensuite bathroom in the master bedroom are highlights of the suite.
Building amenities include a concierge, valet parking, indoor pool, exercise room, a sundeck and 24-hour security.
April 11th, 2009
This "fabulous open-concept loft is in the historic Merchandise Building," says listing agent Elli Davis.
The approximately 735-square-foot suite has a combination foyer and laundry room with a wall-to-wall closet, a living room/bedroom with a built-in closet and a kitchen/dining area with a granite counter.
April 8th, 2009
National Post (Friday, April 03, 2009 2008) – This seven-bedroom, eight-bath York Downs home boasts luxurious features that include an indoor pool,…
(For Sale: Potential for kosher living continued...)April 7th, 2009
The McGuinty government has announced its intention to harmonize the GST and PST. Here you can contact your MPP to have your say!
(Speak Out Against the Harmonized Sales Tax! continued...)March 18th, 2009
Every year, an estimated 700,000 Canadians make Cuba their travel destination. With white sand beaches, aquamarine waters, stunning architecture…
(Private Travel to Cuba: An Illustrated Guide continued...)March 13th, 2009
A south view of the city skyline can be enjoyed from the third-floor deck of this Richmond Street West home, says listing agent Elli Davis.
The three-bedroom, four-bathroom townhouse, built about 12 years ago, has a gas fireplace in the combination living and dining room, a main-floor powder room and a walkout to a deck from the kitchen.
March 13th, 2009
Opportunities do exist for both Buyers and Sellers in today’s changing market. Come and learn more from a team of Toronto’s top industry professionals.
(Save the Date! continued...)March 9th, 2009
This Tudor home, in prime Forest Hill Village, was offered for sale for the first time in many years, says listing agent Elli Davis. “The superb centre-hall family home is on a deep treed lot and awaits the owner’s personal touch.”
The 65×230-foot property has an attached two-car garage and a private driveway with parking for six cars.
March 4th, 2009
The goal for Courage to Lead is to create a productive environment for women to connect, learn and share ideas.
(Courage to Lead continued...)February 28th, 2009
This approximately 1,823-square-foot suite offers luxury mid-town living, says listing agent Elli Davis.
The two-bedroom, two-bathroom suite is in original condition and needs a buyer’s personal touch, she says.
The suite has a combination living and dining room, an eat-in kitchen with built-in appliances and a fireplace in the family room.
February 27th, 2009
If you are planning to have a spring garage sale, I have free “Garage Sale” signs available. Please book them in advance through my office.
(Garage sale signs continued...)February 27th, 2009
This is an excellent time to pack your bags and escape to the sunny south for relief from the cold weather and snow in Toronto.
(March Break events in Toronto continued...)February 27th, 2009
We are excited to announce our new South Hill neighbourhood guide with pictures and neighbourhood recommendations. See if your favorite is here.
(South Hill neighbourhood guide just published! continued...)February 26th, 2009
Royal LePage award winners had their accomplishments celebrated at this annual event.
(Royal LePage Awards Gala continued...)February 20th, 2009
Compared to newer condominiums springing up across the city, this two-bedroom corner suite offers a desirable mix of modern finishes, a spacious floor plan and rare extras like a wood burning fireplace in the den for less than $600,000.
It’s good value for downtown living in Toronto, says agent Elli Davis.
February 18th, 2009
Phenomenal décor, great lighting (everyone looks more glamorous at Spice Route), handrolled music, a first rate cocktails bar and well above average food.
(Spice Route: A Great Place to Spice Up an Evening continued...)February 18th, 2009
Vineyard Estate Wines on Queens Quay goes all out to persuade you to engage with Canadian wine again.
(Tasting Canadian wine at Harbourfront continued...)February 6th, 2009
The most valuable aspect of this semi-detached house is its location on a desirable street in an area with upscale restaurants and shops, as well as established schools.
"It’s a quiet street in a very central location," agent Elli Davis says. "You can walk to Yorkville or Bloor Street."
February 4th, 2009
Should you buy new or resale? Top Toronto realtor Elli Davis talks about the excitement of buying new versus its hidden costs.
(How to Buy a Condo in Toronto for Less: Elli Davis Featured on Global’s Real Investment TV continued...)January 14th, 2009
We are excited to announce our new The Annex neighbourhood guide with pictures and neighbourhood recommendations. See if your favorite is here.
(The Annex neighbourhood guide just published! continued...)
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