West End Toronto Real Estate Market Update - November 2020

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The record pace of home sales in the fall continued with 8,766 sales reported in November by Greater Toronto Area REALTORS® through the Toronto Regional Real Estate Board’s (TRREB) MLS® System. This result was up by 24.3 per cent compared to November of last year.

Generally speaking, year-over-year growth in sales was stronger for single-family homes in the GTA regions surrounding the City of Toronto, but annual single-family growth rates remained robust in the ‘416’ area code as well. “Home buyers continued to take advantage of very low borrowing costs in November, especially those looking to buy some form of single-family home. Competition between buyers for ground-oriented homes has been extremely strong in many neighbourhoods throughout the GTA, which has continued to support double-digit annual rates of price growth,” said Lisa Patel, TRREB President.

The MLS® HPI Composite Benchmark was up by 10.6 per cent in November 2020 compared to November 2019. The average selling price for all home types combined was up by 13.3 per cent to $955,615.

Market conditions tightened in many single-family market segments in November, resulting in double-digit year-over-year increases in average selling prices for detached houses, semi-detached houses and townhouses.

In contrast to the single-family market segments, buyers continued to benefit from much more choice in the condominium apartment market compared to last year, particularly in the City of Toronto. The number of new condominium apartment listings in November was almost double that reported in November of last year. More options in the condo apartment market translated into a small year-over-year decline in the average condominium apartment selling price in the ‘416’ area code.

“The condominium apartment market is certainly more balanced than in previous years, with some buyers benefitting from lower selling prices compared to last year. However, this may be somewhat of a short-term phenomenon. Once we move into the post-COVID period, we will start to see a resumption of population growth, both from immigration and a return of non-permanent residents. This will lead to an increase in demand for condominium apartments in the ownership and rental markets,” said Jason Mercer, TRREB Chief Market Analyst.


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Click here if you would like to compare these numbers to last month’s numbers.

If you would like further information about current market conditions, or if you are considering a move and would like to know how much your house is worth, feel free to get in touch, we are always available for your questions!

navigating the west Toronto high school options for your grade 8 student

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My youngest daughter is in grade 8 so I am doing this all over again, but as with everything, it is looking a lot different this year! Due to covid, all of the Toronto high school open houses are virtual this year, but we are still logging in and weighing our options. She will be graduating from Karen Kain School of the Arts (KKSA) so ESA is an option, as well as our home school and some of the specialty programs that are offered at other high schools, such as UFA and Western Tech. I will let you know how it goes!

Here is our annual guide to all the (virtual) open houses, programs, key dates and application deadlines for many of the West Toronto high schools.

 

Specialty Programs & Key Dates

Bishop Allen Academy (Catholic)

  • Congregated Advanced Placement Program - an internationally recognized program that fosters success in higher education by encouraging students to develop critical thinking skills at the highest level

  • application & strong academic performance in grades 7 & 8 required - applications are available as of October 8th and are due October 29th. Notification of acceptance to specialty programs is on November 27th (wave 1) & December 4th (wave 2)

Bloor Collegiate - Open house November 16th, 6:30-8:30pm

Etobicoke Collegiate - Open House November 26th, 7pm

Etobicoke School of the Arts - Open house November 16th, 7-9pm

  • arts focus in dance, drama, music & film

  • applications are available November 9th and the online application submission deadline is December 9th

  • acceptance dependent on audition - virtual auditions are being held January 15th, 2021. Offers of admission will be emailed in early February 2021


Father John Redmond (Catholic) - Virtual Open House

  • Congregated Advanced Placement Program (CAP)

  • Regional Arts Program (RAP) - applications available as of October 8th and are due October 28th (online) or October 29th (paper). Portfolio/Audition videos must be uploaded by November 13th and auditions will be conducted from November 18-20. Notification of acceptance is on November 27th (wave 1) & December 4th (wave 2).

  • Gifted & Enrichment Program

  • Update: apparently they have changed their application process and you can only apply to CAP if you have been accepted into Father Redmond through a feeder school or into the Regional Arts Program

Humberside Collegiate

  • extended french & french immersion programs for students coming from feeder schools

  • students in the english program must live within the school's catchment to attend

Martingrove Collegiate - Open house November 24th, 6:30 & 7:45

Parkdale Collegiate - Open house November 18th, 7pm

Richview Collegiate - Open house November 24th, 7-9pm (french) and November 25th, 7-9pm (english)

  • extended french & french immersion programs for students coming from feeder schools

  • students in the english program must live within the school's catchment to attend

Runnymede Collegiate - Open house December 2nd, 6pm

Ursula Franklin Academy

  • Integrated technology & academics for the real world with a focus on 5 core values: spirit of inquiry, democracy, social justice, community of learners, and connected knowledge

  • application required - applications due January 29th

  • if the number of eligible students exceeds the number of spaces available, a lottery will be held the first week of February and acceptance letters will be sent out February 12, 2021 and must be accepted by February 26th

Western Technical-Commercial School - Open house November 19th, 7pm

Please click here, for a list of open houses at all TDSB schools.  Happy open housing and the best of luck to all of you.....high school is a whole other post ;).



West End Toronto Real Estate Market Update - October 2020

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Home sales in the Greater Toronto Area (GTA) were up again year-over-year for the fourth month in a row. There were 10,563 sales as reported through the Toronto Regional Real Estate Board’s MLS® System in October 2020. This was up by 25.1 per cent compared to 8,445 transactions in October 2019.

Sales and new listings reached record levels for the month of October. However, year-over-year growth rates for sales and new listings diverged in some market segments. In the detached market segment, the pace of annual sales growth far outstripped growth in new listings. Conversely, the condominium apartment market segment experienced more than double the new listings compared to October 2019, whereas sales were only up by 2.2 per cent over the same period.

“Competition between buyers of single-family homes, and particularly detached houses, remained strong last month and continued to support double-digit annual rates of price growth in many GTA neighbourhoods. In contrast, condo buyers have benefitted from much more choice compared to last year. Pre-COVID polling had already pointed to an increase in investor selling in 2020. The pandemic only added to this trend with a stall in economic growth and a halt to tourism impacting cashflows for many investors,” said Lisa Patel, TRREB’s President.

The average selling price for all home types combined was $968,318 – up by 13.7 per cent compared to $851,877 in October 2019.

“Year-to-date home sales through October were above last year’s level. The economic recovery in some sectors coupled with low borrowing costs has kept home purchases top-of-mind for many GTA residents. With this being said, we have not accounted for all of the pent-up demand that resulted from the spring downturn. Expect record or near-record home sales for the remainder of 2020,” said Jason Mercer, TRREB’s Chief Market Analyst.


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Click here if you would like to compare these numbers to last month’s numbers.

If you would like further information about current market conditions, or if you are considering a move and would like to know how much your house is worth, feel free to get in touch, we are always available for your questions!

West End Toronto Real Estate Market Update - September 2020

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Toronto Regional Real Estate Board President Lisa Patel announced that sales reported through TRREB’s MLS® System by Greater Toronto Area REALTORS® amounted to 11,083 – a new record for the month of September. This result was up by 42.3 per cent compared to September 2019. Following a record third quarter, sales through the first nine months of 2020 were up by approximately one per cent compared to the same period in 2019.

“Improving economic conditions and extremely low borrowing costs sustained record-level sales in September, as we continued to account for the substantial amount of pent-up demand that resulted from the spring downturn. Further improvements in the economy, including job growth, would support strong home sales moving forward. However, it will be important to monitor the trajectory of COVID-19 cases, the related government policy response, and the impact on jobs and consumer confidence,” said Ms. Patel.

Year-over-year sales growth in September continued to be driven by ground-oriented market segments, including detached and semi-detached houses and townhouses. Annual growth rates were also higher for sales reported in the GTA regions surrounding the City of Toronto.

The September 2020 MLS® Home Price Index Composite Benchmark was up by 11.6 per cent year-over-year. The average selling price for all home types combined in September was $960,772 – up by 14 per cent year-over-year. Price growth was driven by the low-rise market segments. The relatively better supplied condominium apartment segment experienced a comparatively slower pace of price growth.

“On a GTA-wide basis, market conditions tightened in September relative to last year, with sales increasing at a faster pace than new listings. With competition between buyers increasing noticeably, double-digit year-over-year price growth was commonplace throughout the region in September, resulting in the overall average selling price reaching a new record,” said Jason Mercer, TRREB’s Chief Market Analyst.


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Click here if you would like to compare these numbers to last month’s or last year’s numbers.

If you would like further information about current market conditions, or if you are considering a move and would like to know how much your house is worth, feel free to get in touch, we are always available for your questions!

West End Toronto Real Estate Market Update - August 2020

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Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.

Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree.

“Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring,” said Ms. Patel.

Both the number of new listings entered into TRREB’s MLS® System during the month and the number of active listings at the end of the August 2020 were up on a year-over-year basis. While new listings were up strongly for all home types, growth in new condominium apartment listings far outstripped growth in the other market segments.

“Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in condominium apartment listings well-outstripping condo sales growth, condo market conditions were comparatively more balanced, which was reflected in a slower pace of price growth in that segment,” said Jason Mercer, TRREB’s Chief Market Analyst.

The MLS® Home Price Index Composite Benchmark was up by 11.1 per cent in August 2020 compared to August 2019. Over the same period, the overall average selling price was up by 20.1 per cent to $951,404. Annual detached and semi-detached sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions, which helps explain why growth in the overall average selling price outstripped growth in the MLS® HPI Composite Benchmark.


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Click here if you would like to compare these numbers to last month’s numbers.

If you would like further information about current market conditions, or if you are considering a move and would like to know how much your house is worth, feel free to get in touch, we are always available for your questions!

Making the Most of your Outdoor Space!

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One of my favorite things about summer is dining outdoors, especially this summer! The glorious weather we have enjoyed this summer has allowed us to get out of our houses (finally!) and feel a sense of normalcy after all those months stuck inside.

Even though Labour Day is fast approaching, there is still time to take advantage of the warm weather and the chance to dine ‘al fresco’, so we pulled together some outdoor dining furniture that works well with the outdoor living themes from last month. Bring in similar pops of colour, be consistent with style, and you will have expanded your functional living space all season long.

Outdoor areas are also a great place to have some fun and experiment with your style. Boho not your thing but you've always wanted to give it a try? Decorating outside is an easy way to get out of your comfort zone! Here are some great outdoor looks inspired by some of our favorite west end Toronto neighborhoods. We hope they will inspire you to make the most of your outdoor space.

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Dishes | Solar Lantern | Table | Chairs | Bar Cart

We plan on taking advantage of outdoor dining as long as we can, and don’t forget you can always invest in a propane heater and extend your outdoor dining season well into the fall! Have fun with it and enjoy!

West End Toronto Real Estate Market Update - July 2020

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Toronto Regional Real Estate Board President Lisa Patel announces that Greater Toronto Area REALTORS® reported 11,081 sales through TRREB’s MLS® System in July 2020 – a 29.5 per cent increase over July 2019 and a new record for the month of July. On a preliminary seasonally adjusted basis, sales were up by 49.5 per cent compared to June 2020.

Year-over-year sales growth was driven by low-rise home types, particularly in the regions surrounding the City of Toronto. However, condominium apartment sales were also up on an annual basis, including in Toronto.

Total new listings were also up strongly on a year-over-year basis by 24.7 per cent, but this annual growth rate was less than that of sales, which means market conditions tightened on average compared to July 2019. In addition, active listings at the end of July were down by 16.3 per cent.

“Sales activity was extremely strong for the first full month of summer. Normally we would see sales dip in July relative to June as more households take vacation, especially with children out of school. This year, however, was different with pent-up demand from the COVID-19-related lull in April and May being satisfied in the summer, as economic recovery takes firmer hold, including the Stage 3 re-opening. In addition, fewer people are travelling, which has likely translated into more transactions and listings,” said Ms. Patel.

The July 2020 MLS® Home Price Index (HPI) Composite Benchmark was up by 10 per cent compared to July 2019. The overall average selling price was up by 16.9 per cent year-over-year to $943,710. On a preliminary seasonally adjusted basis, the average selling price was up by 5.5 per cent compared to June 2020.

Price growth was strongest for low-rise home types, notably within the City of Toronto. Despite more balanced market conditions in the condominium apartment market segment, year-over-year price growth remained in the high single digits.

“Competition between buyers continued to increase in many segments of the GTA ownership housing market in July, which fueled a further acceleration in year-over-year price growth in July compared to June. On top of this, we also experienced stronger sales growth in the more-expensive detached market segment, which helps explain why annual growth in the overall average selling price was stronger than growth for the MLS® HPI Composite benchmark,” said Jason Mercer, TRREB’s Chief Market Analyst.


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Click here if you would like to compare these numbers to last month’s numbers.

If you would like further information about current market conditions, or if you are considering a move and would like to know how much your house is worth, feel free to get in touch, we are always available for your questions!

Outdoor Living Inspiration

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If you are lucky enough to have a backyard to enjoy during covid, you are probably spending a lot more time out there this year, so we wanted to provide you with a few of our favourite looks, inspired by some of our favourite west end neighbourhoods.

Every year the outdoor living design/decor market expands and gets better. You can match up to the inside of your home or experiment with a totally different style. We are bringing you some inspiration this week for outdoor living and taking advantage of whatever outdoor space you have. Use an outdoor rug to anchor the space and bring in pattern and colour. Pillows, throws and candles will add texture and more pops of colour.

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sofa | coffee table | accent chair | rug

Get creative and use lots of colour. Potted plants are an instant way to change the look and feel of your outdoor space. (And you don't have to be patient waiting for everything to turn green!). Have fun out there!