Buyer cuts a summer deal on Aurora detached house

Buyer cuts a summer deal on Aurora detached house

162 Holladay Dr., Aurora, Ont.Asking price: $1,149,000Selling price: $1,137,999Previous selling price: $561,265 (2017)Taxes: $5,949 (2020)Days on the market: 14Listing agents: Ira Jelinek and Stefan Stepien, Harvey Kalles Real Estate Ltd.Agent Ira Jelinek was apprehensive about listing this two-storey residence about 40 kilometres north of Toronto in mid-July. But five or...

Cautious few view Aurora home at end of March

Cautious few view Aurora home at end of March

122 Ivy Jay Cres., Aurora, Ont.Asking price: $1,249,000Selling price: $1,210,000Previous selling price: $497,613 (2007)Taxes: $6,804 (2019)Days on the market: nineListing agents: Ira Jelinek and Josh Howard, Harvey Kalles Real Estate Ltd.With pandemic restrictions in force, buyers were cautiously welcomed into this two-storey house in Aurora, about a 20-minute drive north...

Aurora home sells in March despite reduced buyer traffic

Aurora home sells in March despite reduced buyer traffic

122 Ivy Jay Cres., Aurora, Ont.Asking price: $1,249,000Selling price: $1,210,000Previous selling price: $497,613 (2007)Taxes: $6,804 (2019)Days on the market: NineListing agents: Ira Jelinek and Josh Howard, Harvey Kalles Real Estate Ltd.As Canadians faced with a pandemic began sheltering in place, buyers were cautiously welcomed into this two-storey house about a...

Federal government’s budget misses mark on housing

Federal government’s budget misses mark on housing

As expected, the federal budget released Monday afternoon contained measures to, at least ostensibly, cool runaway prices in Canada’s housing market.Most notably, the government is introducing a 1% tax on non-residents that’s believed will generate $700 million in revenue through four years beginning in 2022-23. Additionally, the budget will apportion...

Toronto’s condo rental market showing vitality

Toronto’s condo rental market showing vitality

Toronto’s condo rental market is showing signs of strength, according to a Q1 Urbanation report that revealed, at 11,928 units leased, transactions surged by 70% over Q1-2020.Listings declined by 12% from Q4-2020 and brought the ratio of quarterly condo leases-to-listings to 61%—the highest since the COVID-19 pandemic struck in March...

Why I’m stressed about the new stress test

Why I’m stressed about the new stress test

The Office of the Superintendent of Financial Institutions (OSFI) recently announced it’s revisiting the stress test on conventional mortgage loans (i.e. at least a 20% down payment on a purchase or refinances), slated for June 1 implementation.Currently, borrowers are stress tested against the current mortgage qualifying rate of 4.79%, or...

Good-bye condo, hello farmland

Good-bye condo, hello farmland

35 Mariner Terrace, No. 2112, TorontoAsking Price: $999,000Taxes: $3,814 (2021)Size: 1,200 square footMonthly maintenance fee: $831Agent: Cliff Liu, Broker, Slate Realty Inc.Long before the pandemic upended our national life there were people who dreamed of breaking the shackles of city living and getting closer to nature. Rohan Sachdev was one...

Eager city buyers drive up price of suburban house

Eager city buyers drive up price of suburban house

71 Batson Dr., AuroraAsking price: $975,000 (March, 2021)Selling price: $1,210,000 (March, 2021)Previous selling price: $685,000 (May, 2016)Taxes: $4,788 (2020)Days on the market: TwoListing agent: Bill Thom, Re/Max Realtron Bill Thom Group Realty Inc.This side-split house was unlike its neighbours in the mostly two-storey, single-family neighbourhood of Aurora Village, an hour’s...

U.S. housing starts soar after winter-related setback

U.S. housing starts soar after winter-related setback

U.S. housing starts rebounded sharply in March to the highest since 2006, exceeding forecasts and indicating residential construction is getting back on track after a winter storm-related setback.Residential starts jumped 19.4 per cent last month to a 1.74 million annualized rate, according to government data released Friday. The median estimate...

Toronto buyers eager for an acreage

Toronto buyers eager for an acreage

Real estate buyers are regaining a sliver of control in the areas surrounding Toronto as listings rise and the “fear of missing out” diminishes slightly. Or maybe buyers are just exhausted.Houses in the small towns and suburbs are still selling at a fast clip, but some buyers are able to...

Competing buyers bid up a two-bedroom Leslieville bungalow

Competing buyers bid up a two-bedroom Leslieville bungalow

1313 Dundas St. E., TorontoAsking price: $799,900Selling price: $861,000Previous selling prices: $731,313 (2017); $345,000 (2009); $350,555 (Aug. 2007); $207,000 (June 2007)Taxes: $3,239 (2019)Days on the market: SixCo-op agent: Mary Jo Vradis, Royal LePage Estate RealtyClients of agent Mary Jo Vradis were set on buying a condominium suite in the Danforth...

Six showings, two bids for home listed after March break

Six showings, two bids for home listed after March break

117 Walpole Ave., TorontoAsking price: $948,000Selling price: $1.1-millionPrevious selling price: $610,000 (2015)Taxes: $4,176 (2019)Days on the market: sixListing agent: Paul Grisé, The Weir TeamBefore most restrictions were imposed to minimize the spread of the novel coronavirus, plans were already under way to list this semi-detached house the week after March...

Leslieville house sells $493,000 over asking on 27 offers

Leslieville house sells $493,000 over asking on 27 offers

2 Prust Ave., TorontoAsking price: $1,099,000 (February, 2021)Selling price: $1,592,000 (February, 2021)Previous selling price: $261,500 (May, 1999)Taxes: $4,612 (2020)Days on the market: SevenListing agents: Irene Kaushansky and Philip Brown, Keller Williams Portfolio RealtyAbout 134 shoppers passed through this Leslieville Edwardian in 30-minute increments between 7 a.m. to 10 p.m. over...

RELNKS expands platform for realtors

RELNKS expands platform for realtors

RELNKS has enhanced its platform with the introduction of a function that enables users to find realtors who can help them with their home purchase.According to Ryan Poyntz, RELNKS’s vice president of strategic partnerships, the value proposition is a two-way street.“For realtors, it’s a great way to connect with consumers...

Studio Gang brings an artichoke to Toronto

Studio Gang brings an artichoke to Toronto

Toronto intersections, especially major ones, have personalities. Think about it: King and Bay is confident, yet slightly aloof; Yonge and Dundas is glib, scattered, and show-bizzy; suburban Kennedy and Lawrence is a smooth-talking salesperson wearing off-the-rack clothing; and Yonge and Eglinton – at least how I remember it – is...

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