Toronto Rental Report

I work with investors looking to rent out condo's and tenants looking for great places to live. Popular areas are the Downtown Toronto area, as well as the Etobicoke waterfront and along the subway line on the west-side of the city.

The Toronto Real Estate Board has just released their 2008 January-April Rental Report.

In summary it says that in downtown Toronto (C01):

562 1-bedroom condo's rented for an average of $1,557
241 2-bedroom condo's rented for an average of $2,320

Rental prices in downtown Toronto are up between 5% to 6% from a year ago.

Loggia Condo - 1040 The Queensway / 1050 The Queensway

FREE report on Loggia Condo Prices

Click on the above link to request a copy of the latest pricing for the Loggia Condo suites.

This condo is conveniently located in central Etobicoke. Located at the intersection of Islington Ave and The Queensway, it is close to everything. Access to the QEW is just a minute away, which makes getting downtown easy, as well as to the Airport, Sherway Mall, or off towards Mississauga and Hamilton. The Islington Subway Station is a short bus ride up Islington.

If you like movies, the Queensway Cineplex-Odeon theatre is located right across the street. The whole neighbourhood is evolving with more condo buildings being planned and more upscale businesses locating here.

The Loggia condo has a very modern contemporary style, not common to the area. This is definitely not you parents' house.

I have represented owners here, looking to sell their suites.

This unit features a sunny open spaces to define this striking premium suite. It is a south-west facing corner suite with floor-to-ceiling wraparound windows. It has a huge 245 sq foot outdoor terrace plus two additional south balconies. Walk-outs from every room. Vistas to the lake and downtown. The kitchen has a granite breakfast bar and stainless steel appliances. Wood floors throughout. Master bedroom with walk-in closet and 4-piece ensuite.

It includes Roller-blinds on all windows, two side-by-side parking spaces, Stainless Steel fridge, self cleaning stove, built-in dishwasher, and microwave with vent to outside. Laundry room provides storage space in addition to the locker.


Request this FREE report on Loggia Condo Prices

Ontario Real Estate Forms - Explained

Writing proper legal contracts in real estate is critical to a successful outcome. In Ontario we use standardized forms to be used by all real estate agents. These forms include clauses to protect the interests of the buyer, the seller, and the real estate companies involved.

These forms can be a bit overwhelming to the public, because of all the fine print.

So, here is an opportunity to review the forms before you are in the middle of an offer negotiation. These forms include explanations, written in English, so that you can understand exactly what each paragraph means.

• Agreement of Purchase and Sale (Offer Document)
• Listing Agreement
• Buyer Representation Agreement

CMHC Spring 2008 Report

Canada Mortgage and Housing this week released their Spring 2008 report on housing in the GTA. While I encourage you to read the whole thing, here are a few key messages.

Home prices remain strong for Toronto, with the expectation that the average home price will cross the $400,000 level. They are not forcasting any market correction, although there outlook is quite modest at 4.5% price growth for 2008.

Looking at the volume of sales, it is expected to remain at levels above the ten-year average number of sales, but below the peak number of sales experienced in 2007.

Within this, there are always neighbourhoods that are far stronger or weeker than these average numbers.

Statistics Report for April 2008

The Toronto Real Estate Board reported that the number of sales recorded for April 2008 was less than April 2007, but still the number of sales rose from month-to-month, in line with the normal spring market patterns.Prices rose across the GTA on average by 5.2% on a year-over-year basis, and 4.8% from just a month earlier. Better properties come to market this time of year and there is a generally high level of activity.The number of sales is down from the record-breaking volume of a year ago, but still at a very healthy level.