Real Estate

753 Sammon Ave., TorontoAsking price: $1,125,000Selling price: $1,072,000Previous selling price: $186,000 (1991)Taxes: $3,486 (2018)Days on the market: 10Listing agents: Cameron Weir and Scott Hanton, The Weir TeamThis roughly 1,600-square-foot house is close to Michael Garron Hospital, but Sammon is a through street – busier than many in East York –...

637 Milverton Blvd., TorontoAsking price: $1,079,000 (June, 2021)Selling price: $1,180,000 (June, 2021)Previous selling prices: $427,500 (August, 2010); $156,500 (May, 1992)Taxes: $4,100 (2021)Days on the market: ThreeListing agent: Janice Weisfeld, Sutton Group-Associates Realty Inc.Just north of Danforth, this three-bedroom house was one of a few semi-detached properties open to the public...

Canadian home sales have tapered off their Q1 peak but that doesn’t mean every segment of the market has softened.“Home sales are unwinding from their stratospheric first-quarter levels,” said a report from TD economist Rishi Sondhi. “While we had anticipated a correction, it began a few months earlier than projected...

Amanda Brown and her partner believed their jobs would keep them anchored in Vancouver for the long term. But tight rental accommodations, an expanding family and low interest rates prompted them to re-evaluate.The first-time buyers are preparing to move into a house they recently purchased in the small town of...

It’s a great time to be young, as long as you don’t need a job or start a family or want to buy a house (or shake hands).But buying a home is no easy task in the GTA.In fact, a recent survey by Abacus Data stated that one-third of non-homeowners...

2067 Lake Shore Blvd., W., Ph 2 (Mimico)Asking price: $1,249,900 (May, 2021)Selling price: $1.3-million (June, 2021)Previous selling price: $1,100,000 (June, 2019)Taxes: $3,862 (2020)Days on the market: OneListing agent: Christopher Bibby, Re/Max Hallmark Bibby Group RealtyEarly this summer, there were few waterfront suites for buyers to chose from, much less ones...

Standing behind the long, cool-grey bar, crooner Matt Dusk admits his mixology skills are lacking – his repertoire contains only a few cocktails.“I’ll make you a Paper Plane,” says the 42-year-old, who began singing professionally while attending Toronto’s St. Michael’s Choir School in the mid-1980s. “It’s what I make for...

2110 Cornwall Ave., No. 306, VancouverListing price: $998,8888Selling price: $950,000Previous selling price: $582,000 (2014)Days on market: 73Taxes: $2,112.96Maintenance fee: $441Listing agent: Denny Dumas, Keller Williams EliteThis 995-square-foot, two-level loft penthouse across the street from Kitsilano Beach has brick walls, exposed wood ceiling, a 200-square-foot private rooftop deck with mountain and...

5692 Kings Rd., No. 101, VancouverListing price: $875,000Selling price: $867,500Days on market: 171Taxes: $1,768.12 (2019)Monthly maintenance fee: $330.74Listing agent: Keith Roy, Re/Max Select RealtyThis University of British Columbia three-bedroom, two-bathroom condo is a corner unit in one of the few freehold properties on the campus. The building was built in...

4743 Belmont Ave., VancouverAsking price: $58-millionSelling price: $42-millionPrevious selling price: not availableDays on market: UndisclosedTaxes: Upwards of $200,000Listing agent: Christa Frosch, Sotheby’s International Realty CanadaThe mansion belonged to prominent philanthropists Joseph and Rosalie Segal.Because it’s an exclusive market that demands privacy, details of the sale are not public, listing agent...

More than a tenth of homeowners in Vancouver, Toronto and Montreal own multiple properties, according to a Royal LePage survey of 1,500 Canadians.Greater Vancouver AreaThe third-largest metropolitan area in Canada has the largest share of multiple property owners, according to the survey, at 14%, of whom 27% don’t collect rental...

260 Scarlett Rd., No. 1303, TorontoAsking price: $594,900Selling price: $595,000Previous selling price: $191,500 (1990)Taxes: $1,884 (2018)Days on the market: OneCo-op agent: Nutan Brown, Royal LePage West Realty Group Ltd.Downsizers looking for a three-bedroom property with scenic views quickly zeroed in on this unit in Lambton Square, a four-tower complex abutting...

26 North Dr., TorontoAsking price: $1.679-millionSelling price: $1.66-millionPrevious selling price: $1,600,000 (2017)Taxes: $7,945 (2019)Days on the market: OneListing agent: Jenelle Cameron, Re/Max Hallmark Realty Ltd.Less than a five-minute drive north of the Toronto Hunt golf course on Lake Ontario, this infill home was listed for $1.799-million last fall, but no...

2 Knoll Dr., TorontoAsking price: $899,900Selling price: $900,000Previous selling prices: $572,000 (2008); $310,000 (1992)Taxes: $4,614 (2018)Days on the market: 16Listing agent: Ed Allan, Royal LePage West Realty Group Ltd.Many multimillion-dollar properties are clustered around the Humber River, so buyers shopping with less than $1-million wound up at this side-split residence...

7 Taylorwood Dr., TorontoAsking price: $1,489,900 (May, 2021)Selling price: $1,659,999 (May, 2021)Previous selling price: Not availableTaxes: $5,313 (2020)Days on the market: SixListing agent: Ed Allan, Royal LePage West Realty Group Ltd.This side-split property was unveiled early in May, when sellers were outnumbered by shoppers hunting for homes around James Gardens....

138 Princess St., No. 513, Toronto (Moss Park)Asking price: $999,000 (April, 2021)Selling price: $1,065,000 (April, 2021)Previous selling price: $553,714 (June, 2010)Taxes: $4,414 (2020)Days on the market: SixListing agent: Rebecca Colwill, Re/Max Hallmark Pierre Carapetian Group RealtyDuring the pandemic, renting out this two-bedroom corner suite became more difficult and less lucrative...

Cities need to give up on the myth that seniors are going to naturally transition out of their houses, because the reverse trend is happening, experts say. They also say that seniors are not to blame.Economist Mike Moffat is one expert interested in the topic. According to him, Ontario is...

To be clear, there’s a paramount difference between a retirement residence and a long-term care home.“I would say the major difference is that living in a retirement residence is a lifestyle choice and long-term care homes are care needs-based,” said Karen Kotanko, national director of sales and marketing at Verve...

Condo insurance rates in Alberta, British Columbia and Ontario, which have already risen substantially, are expected to keep rising, according to a report from LowestRates.ca.In the first quarter of 2021, condo insurance premiums shot up 27% in B.C., 16% in Alberta and 9% in Ontario compared to the same quarter...

The Canadian economy isn’t as reliant on the real estate market as you might think.So says a report from Royce Mendes, executive director and senior economist at CIBC Capital Markets, who reminded that residential real estate investment comprises construction and renovations in addition to “ownership transfer costs,” the latter of...