Bedford Realty Homes Newsletter – April 23, 2018

Recently Sold

• 2+1 Bedrooms Penthouse at Yonge/Bloor with Asking Price $1,765,000 was sold for $1,765,000 (100%)
• 2+1 Bedrooms apartment in Shangri-La, Toronto was sold for $2,600,000
• 1+1 apartment on Charles St. E. was Sold for $575,000 (97% of Asking Price)
• As always We help our investors to lease properties
• This year 6 apartment units rented recently with 100% of Asking Price or Higher


Just Listed for Lease: 88 Scott St, Unit 4507, Toronto, ON
Lease: $6,000/month

Award Winning 88 Scott Located In The Financial District And St.Lawrence Market Area

Description: Award Winning 88 Scott Located In The Financial District And St.Lawrence Market Area. Stunning 1,425 Sq.Ft. 2+1 Corner Unit With Terrific S/E View. Superb Finishes

Include: Fully Integrated European Appliances, Quartz Counters, Corian Wet Island With Waterfall Edge, 10′ Ceilings In Principal Areas, Roller Shades On Exterior Windows, Electric Fireplace Hardwood Floor Throughout, Walk Score Of 98%. Close To Transit, Culture, Shopping & Downtown Attractions.

Extras: Appliances: Fridge, Dishwasher, Range Hood, Cooktop, Microwave. Washer & Dryer One Parking, One Locker. Amazing Common Area.

MLS LISTING >>
FULL PHOTO GALLERY >>

If you would like to discuss options please call us at 416-927-9898 or email at tkonkina@rogers.com and we will get back to you within the next 24 hours.


Just Listed 35 Hayden St, Unit 2103, Toronto, ON
Price: $1,255,000

32 Storey European Style Condominium Located In The Yorkville Village

Description: 32 Storey European Style Condominium Located In The Yorkville Village. Brian Gluckstein Interior Design Touch. Stunning 2+1 Apartment With South-West View Of Downtown Toronto And Lake, South Facing Huge Terrace, 10′ Ceilings, Excellent Layout. Modern Kitchen W/O To West Facing Balcony With Huge Pantry. Two Subway Lines Just Around The Corner, Short Walk To U Of T, Yorkville Boutiques, Restaurants

Extras: Stainless Steel Fridge, Stove, Dishwasher, Microwave. Stacked Washer/Dryer. Blinds, Approx. 22 X 10 Foot South Facing Terrace.

MLS LISTING >>
FULL PHOTO GALLERY >>

If you would like to discuss options please call us at 416-927-9898 or email at tkonkina@rogers.com and we will get back to you within the next 24 hours.


Just Listed: 36 Crimson Crt, Richmond Hill, ON
Price: $1,599,000

Beautiful House In A Prime Richmond Hill

Description: Premium Pie Shape Lot, Cul-De-Sac, Very Bright, Completely Renovated, Spacious 3 Bedroom Home, Open Concept Gourmet Kitchen With Granit Countertops, Renovated Bathrooms. Finished Basement With Wet Bar, Washroom And 2 Entrances. 5″ Wide Engineered Hardwood Floor Throughout, Very Private Treed Backyard With Interlocking Patio, Sprinklers System, Great Neighbourhood, Close To Lebovic Centre, 3 Parks, Shops, Schools

Extras: S/S Fridge, Stove, B/I Micro, B/I Dw Osmosis Water Filtration System, Washer/Dryer, Elfs, All Wndw Covering, Custom Made Closets, Cac, Cvac.

MLS LISTING >>
FULL PHOTO GALLERY >>

If you would like to discuss options please call us at 416-927-9898 or email at tkonkina@rogers.com and we will get back to you within the next 24 hours.


New Project: 50 Scollard Street, Toronto

We are pleased to inform you that Lanterra will be building an exquisite condominium residence, steps away on the north side of the building, at 50 Scollard Street. This building will have 41 floors and only 65 residential units.

Designed by the world acclaimed architects Foster+Partners, this building is targeted to be the most luxurious condominium in North America. It will feature window and terracing system that has no comparison in the downtown marketplace.

Approximately 60 suites will range from 2,000 to 6,000 square feet. Each floor will contain only one or two suites. There will also be a limited number of smaller units available for purchase for use by family members, domestic staff or as a work area.

What to expect at 50 Scollard:

  • The most luxurious finishes designed by Alessandro Munge, who won the title of Designer of the Year in New York, in 2017.
  • Operable window frames-slider and terraces.
  • Affluent lifestyle personal services.
  • A chauffeur will be available to drive residents within the GTA area in an elongated Jaguar XJ or full size Range Rover. Residents will also have the option to drive these vehicles themselves.
  • Wine collectors club on the fourth floor.
  • Upscale cafe on the ground level and world class restaurant on the third floor.
  • So much more…

We invite you to join us to review the floor plans, building finishes and amenities. The sales office will be open in May, but we have only 60 units available for sale, so time is of the essence.

Each unit purchase, or referral that results in a unit purchase, will be rewarded with a 5 day trip to New York City. Call it a celebration for a smart transaction!

If you would like to discuss options please call us at 416-927-9898 or email at tkonkina@rogers.com and we will get back to you within the next 24 hours.


Market Watch – Canadian Real Estate has entered the buyers’ market territory.

 

Rising interest rates and stricter mortgage requirements have reduced home buyers’ purchasing power, particularly for those at the entry level of our market, the supply of apartment and townhome properties for sale today is unable to meet demand. On the other hand, the detached home market has entered the buyers’ market territory.

This is a market where the fundamentals of a sound pricing strategy need to be understood by sellers. At the same time, potential purchasers should be obtaining mortgage pre-approvals so they understand exactly what they can afford prior to making an offer on a home. It also provides the flexibility in this market.

Ontario – Sales down by 39.5% compared to last year.

Toronto, April 4, 2018 — Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,228 residential transactions through TREB’s MLS® System in March 2018. This result was down by 39.5% compared to a record 11,954 sales reported in March 2017 and down 17.6% relative to average March sales for the previous 10 years.

The number of new listings entered into TREB’s MLS® System totaled 14,866 – a 12.4% decrease compared to March 2017 and a three% decrease compared to the average for the previous 10 years.

“TREB stated in its recent Market Outlook report that Q1 sales would be down from the record pace set in Q1 2017,” said Mr. Syrianos. “The effects of the Fair Housing Plan, the new OSFI mandated stress test and generally higher borrowing costs have prompted some buyers to put their purchasing decision on hold. Home sales are expected to be up relative to 2017 in the second half of this year.”

The MLS Home Price Index Composite Benchmark was down by 1.5 percent on a year-over-year basis for the TREB market area as a whole. The overall average selling price was down by 14.3% compared to March 2017.

While the change in market conditions certainly played a role, the dip in the average selling price was also compositional in nature. Detached home sales, which generally represent the highest price points in a given area, declined much more than other home types. In addition, the share of high-end detached homes selling for over $2 million in March 2018 was half of what was reported in March 2017, further impacting the average selling price.

“Right now, when we are comparing home prices, we are comparing two starkly different periods of time: last year, when we had less than a month of inventory versus this year with inventory levels ranging between two and three months. It makes sense that we haven’t seen prices climb back to last year’s peak. However, in the second half of the year, expect to see the annual rate of price growth improve compared to Q1, as sales increase relative to the below-average level of listings,” said Jason Mercer, TREB’s Director of Market Analysis.

Ottawa – Buyers Get a Jump on the Spring Market

Ottawa, April 5, 2018 — Members of the Ottawa Real Estate Board sold 1,660 residential properties in March through the Board’s Multiple Listing Service® System, compared with 1,478 in March 2017, an increase of 12.3%. The five-year average for March sales is 1,339. March’s sales included 358 in the condominium property class and 1,302 in the residential property class….

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Download Toronto Real Estate Board Reports, March 2018: