More balanced real estate market predicted in Toronto for the rest of 2010

Although a record number of homes was sold in Toronto in the first half of 2010 this pace is expected to slow for the rest of the year. Prices in June 2010 were up 8% compared to June last year. Further price increases are expected to be steady and to be less than 10 % as reported in Marketwatch July 6, 2010.

See also Claire Gordon Buyer's Guide

What's on in the neighbourhood? Free concerts in Mt Pleasant Cemetery on Sundays

Outdoor concerts are being held in Mt Pleasant Cemetery from July 4th to September 5th 2010. Just bring along a chair.

• July 11th - Voice Quartet - Music for Voice and Strings
• July 18th - Flute Quartet - Jet Whistle; Music for Flute, Cello, Violin, and Viola
• July 25th - The Paperback jJazz Band - Jazz on the Violin

For further information see: Moore Park/Davisville Village events

More choice for buyers in the Toronto Real Estate Market

"The gap between listings and sales has widened, which means there is more choice for buyers,” reports Marketwatch  May 2010.

Although sales are still up, and prices increased in May, predictions indicate that house price increases will continue at a slower pace than we have seen so far this year. View my video: Is the Toronto  Real Estate Market Changing? for more information.

 If you want to see how semis are selling in Leslieville or how condo prices are doing downtown, track neighbourhood sales trends at  Toronto Neighbourhoods .

What will be the effect of the HST on the purchase of a cottage or chalet?

Unfortunately the HST will apply to the purchase of a new secondary property and it will result in a substantial increase after July 1. For example a new second home costing $500,000 will have $30,000 added in this tax to the purchase price if it is not your primary residence.  The tax does not apply to resale property. If you need further information view my video: How will the HST affect my purchase of a home in Toronto?

New Listing For Lease - Great Location and Fully Furnished 25 The Esplanade #2018

Great Location And Fully Furnished! Steps To St. Lawrence Market, TTC, ACC, Rogers Centre, Entertainment And Financial Districts With Restaurants At Your Doorstep. A Very Large One Bedroom Unit With 4 Pc Ensuite (Seperate Shower), Stunning New Hardwood Floors, Modern Decor, Flat Screen Tv, Speakers Wired Thru Out Unit. Stunning Southern View Of Lake.  Ensuite Storage, Ample Closet Space, Seperate Powder Room with Parking Potential Behind Building Approx $185/Month.

Extras Included: Fridge, Stove, B/I Dishwasher, Micro, Stacked Front Load Washer & Dryer, All Elf's, All Window Coverings, Flat Screen Tv, Stereo/Dvd's/& Equipment, Dinnerware, Utensils, Cookware, Linens, Security, Alarm & 24 Hr Concierge.

Virtual Tour Link:  http://www.Obeo.com/596576

Increase in properties for sale will provide more choice for buyers later this Spring

First quarter sales of properties in Greater Toronto has been the largest recorded by Toronto Real Estate Board.

The tight inventory of properties for sale in Toronto has eased in March with more properties coming on the market. Jason Mercer, market analyst for the Toronto Real Estate Board predicts that "“The average home price in the GTA will continue to grow this year, but the pace will slow as we move through the spring,... buyers will experience more choice, resulting in more sustainable single digit rates of average price growth...” * Toronto Real Estate continues to be a strong investment.

See Claire Gordon Selling Services
See full report - Market Watch  Toronto Real Estate Board *

Real Estate update for sales in The Beach neighbourhood Toronto

More houses than usual were sold in The Beach Toronto, this February  reflecting the early spring market this year.   Want more Information? ... See Sales Statistics for The Beach

Real Estate Market in Toronto Leslieville update

View the vibe in Leslieville  Toronto.

Leslieville's selling prices rose in Jan/ Feb over the two previous months, the number of days for properties to be on the market decreased -a  good place to look for semis.

See more detailed statistics at Claire Gordon Real Estate website .

High Park,Toronto Real Estate Sales Update

February update for real estate sales of detached houses in High Park :

  Average Selling Price - $718,375

  Av % of list price - 104%

  Av. days on the market -11

  # sold In February 2010 - 12 sold*

 ".... enhanced by their proximity to High Park, the communities of Bloor West Village, High Park, and Swansea are located in one of the best natural settings in Toronto. Bordered by the lakefront parks, the Humber River, High Park .........."  Read more at : Claire Gordon neighbourhoods

See Toronto Real Estate Board 

Leaside, Toronto neighbourhood price watch 2010

In January/ February of 2010 thirteen detached houses sold in Leaside, Toronto. The average selling price was up, as is typical at present in the city, over this time last year. There was a significant drop in the time homes spent on the market. Stock of detached bungalows has decreased in Leaside but the five that sold in February went in the mid to high $500,000s.*

For further information see Claire Gordon Selling Services
*Source : Toronto Real Estate Board