1300 Yonge Street, Suite 100 Toronto, Ontario M4T 1X3 416-925-9191 helenbraithwaite@chestnutpark.com

August 2017 Toronto Real Estate Market Report

August Toronto real estate sales were lower volume year over year, please note however last summer we never saw the typical summer slow down the market usually sees so volumes were unusually high. The average sale price seems to be stabilizing after the retreat from peak April 2017. Please refer to the graph in the link below that shows the average sales price of Toronto Region properties weekly since the peak of the market in April.Stat Chart -Average Sale Price

September’s sales will be the true deciding factor as to where prices are going as we see more inventory hit the market. There have continued to be solid sales and we have seen a quiet Rosedale sale for near $9mill and also an early September land value play over $7mill on a signature street of a not rated home that sold in a day. There is demand for signature quality product despite the slow down and Summerhill is still very sought after with properties fetching over ask.

The condo market continues to be strong as their continues to be limited inventory as most first time buyers can only afford that type of product. Downtown locations with good walkability are sought after.

For the full read on the Toronto Market the Chestnut Park Real Estate Market report is found in this link. Toronto Real Estate Market Update August 2017


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RADform: King East Contemporary Furnishing and Design store

In the heart of the King East Design District is RADform.  A newer store, RADform features new-to-Toronto home furnishing brands and exclusive collections.  317 Adelaide Strett East Suite 102  RADform.com
When  I stopped by RADform to investigate the space I was welcomed by Keara Brown and extremely knowledgable and attentive sales associate for a personal tour of the retail space. Keara is a great contact for anyone interested in design assistance.
 
This modern, colourful showroom designed and continually updated by its architect owner, houses a carefully curated selection of sophisticated European products. With furniture by world renowned designers such as Paola NavoneChristophe PilletFront, Claesson Koivisto Rune, and Luca Nichetto, it is no surprise that RADform’s product range is suitable for anywhere from residential to commercial spaces. Take Ibride’s series of sculptural bookcases shaped like animals, or the Appia chair by Christoph Jenni that adapts to the most diverse environments, or the wallpaper collection which features larger-than-life graphics that are printed to order. Custom made-in-Italy Vibieffe sofas can be sized to fit any space with modular elements, while Jasper Morrisonoak Kali chair does as good as it looks: a portion of each sale supports an orphanage in Africa. 

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July 2017 Toronto Real Estate Market Report

The Toronto Real Estate Market continues to retreat from the peak of April 2017. The question is whether this is normal course summer time lull or actually a market slowdown. The 905 area has seen higher declines and lower sales volume whereas homes in sought after neighbourhoods in central Toronto sell very quickly and often will multiple offers. The hottest area of the market is condominium sales as that is the most affordable section of the market. The rental market continues to be tight with multiple offers on apartment rentals. The average lease price for a bachelor apartment in central Toronto is $1600 and the average lease price for a one bedroom in central Toronto is $1800. The entertainment district can see one bedrooms fetch $2400.

For full details on the Toronto Market please link to the Chestnut Park Market Report Toronto Real Estate Market Update July 2017


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Real Estate with Style: A Rosedale House Transformation

It is always nice to be able to see what your clients create of a property they buy. In my blog I will be sharing two exceptional properties that had their great potential realized through my buyers’ vision to take them to the next level!

The first property I’m highlighting was one of my listings near Chorley Park in Rosedale. The home had a very stark, Scandinavian-inspired interior in contrast to its handsome Georgian exterior.

While the look of the home was quite specific, the quality of the architecture and the renovation was exceptional. However, many potential buyers could not process how they could make this open, sparse house a home. After some time on market, I was able to find the buyers that saw a vision for this property! For them, it was love at first sight and they immediately understood the unique architectural details of the home and the quality of the construction. An offer was submitted and accepted and my clients began their journey to transform this space into their home.

After interviewing a number of designers, they ultimately chose to work with young, up-and-coming designer Megan Crosbie of  Megan Crosbie Design to create a wonderful space to showcase their art collection. Megan immediately understood the essence of the space. Below are a few photos of the home’s interior that showcase the work. More photos can be found here: House near Chorley Park

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My next blog article will showcase a Ritz Carlton Condominium that went from a frumpy dated batchelor pad to a wonderfully fresh space that highlights a spectacular view!


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June 2017 Toronto Real Estate Market Report

 

There has been a welcome cooling off  of the Toronto real estate in June with a drop in the average sale price, down from the high seen in April of over $900,000 to $793,000. Year over year however the average sale price was up 6.3%. The volume of sales was also softer with 7,974 properties sold versus the record volumes seen in June of 2016 of 12,725 properties sold. We did discuss this week at our office meeting that the July weekly sales reports from the Toronto Real Estate Board show a stabilizing of the average sale price of just under $800,000.  For full details on the Toronto Real Estate Market please click the link to the Chestnut Park Market report. We are monitoring the weekly average sale prices to see if in fact we have stabilized.

The Toronto Real Estate market is still seeing some healthy sales in desirable neighbourhoods. In June a Yorkville condominium sold north of $10,000,0000 and a signature Rosedale home has sold just under $10,000,0000, in addition to a few other Rosedale sales over $5,000,000 in the past few weeks. The luxury Toronto real estate market remains sought after. Quality properties in good areas are selling well however this cool down provides the perfect opportunity for buyers to step in during this market lull.

For further details on how the market is behaving in your neighbourhood do not hesitate to contact me. I am happy to assist you whether buying or selling.

Toronto Real Estate Market Update June 2017


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Canada 150! Celebrate with some interesting Canadiana

Happy Birthday Canada! #Canada150

This week we are coming up to Canada’s 150th Birthday! I thought I should highlight some of the fun items you can find to celebrate.

This Canada pillow done by Cat Studio, sold at Root’s Canada stores, is a nice pictorial of Canada from coast to coast. They also have a Canada 150 line of clothing apparel to sport you patriotism. http://www.roots.com/ca/en/celebrating-canada150.html

Cat Studio Canada Pillow

The Drake General Store is always a great destination for Canadiana. They even have an x-Oh Canada shop on their website to source anything from a Royal Canadian Mountie mug t0 a tea towel of all our provinces. http://www.drakegeneralstore.ca/x-oh-canada#

Tea Towel of the Canadian Provinces

Drake General Store Mountie Mug

Love my Local http://lovemylocal.ca is a great website for bamboo cutting boards done by a Vancouver artist. They make the perfect cheese platter for your  Canada 150 celebrations!

Hudson’s Bay Company (HBC) is a large part of Canadian history and an excellent source of Canadiana. The ultimate being the HBC Canoe which is a collaboration with Langford Canoe.  The HBC line offers Towels, mugs, t-shirts and  blankets with the signature HBC stripes.   They also carry all the Canadian Olympic branded items. thebay.com/webapp/wcs/stores/servlet/en/thebay/brand/hudsonsbaycompany/home

HBC Canoe – A collaboration with Langford Canoe

This Charles Pachter collaboration with HBC is a clever twist on the original HBC striped blanket and looks wonderful as a throw on a sofa or bed for a brilliant pop of colour.

At the Art Gallery of Ontario you can  find unique houseware items by Canadian designers. Shop AGO

The Gardiner Museum gardinermuseum.on.ca/shop/ and Craft Ontario shop in Yorkville are other great destinations to buy Canadian designer goods. craftontario.com/shop/craft

To celebrate the First Nations heritage west coast Kwakwaka’wakw artist Curtis Wilson’s flag is a work of art that represents all of the First Nations people in Canada. It is a lovely addition to any flag pole.

Artist Curtis Wilson’s rendition of the Canadian flag celebrates the First Nations people across Canada

For that cheap and cheerful touch to a back yard BBQ check out these great chairs at Canadian Tire for $39.

Cheap and Cheerful Muskoka Chair for that Canada Day BBQ

We are truly blessed to be Canadian and we all should celebrate this freedom we have to live in such a spectacular diverse and accepting nation. Happy Canada Day! Enjoy your celebration whether it be watching the Fireworks over Toronto Harbour, a backyard BBQ, or a cottage retreat. Wishing you a safe and happy long weekend!

 


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Toronto Market Report for May 2017

The May 2017 showed an increased in average sale price year over year of 14.9% with the number of new listings increasing to 25,837 from last May’s 17,356. The number of properties sold however were down to 10,196 from 12,790 Many 2016 with an average of 11 days on Market.

We are beginning to see signs of weakening outside the city core in the 905 area. Central Toronto remains strong and properties well located and turn key continue to attract multiple offers. I have lost out to multiple offers acting for clients this past month. Buyers  however are a little more cautious and many properties seem to be going past their offer dates. Realtors are now pricing homes at a price the seller would be willing to accept rather than risking not getting the number a seller expects on offer date.

The foreign buyer tax coupled with the Home Capital news has had an effect on curbing the market. Please know I have currently have several qualified buyers for premium properties in Rosedale, Summerhill, Trinity Bellwoods, Annex. Do not hesitate to contact me if you would like a discreet sale or if you would like to discuss the value of your home I would be happy to provide you with a Current Market Valuation.

For a full commentary on the May Toronto Real Estate Report please click this link Toronto Real Estate Market Update May 2017 


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A Hidden Home Furnishings Gem in the Heart of North Rosedale.

Interior Couture 424 Summerhill Avenue www.interiorcouture.ca

I have been writing blog posts about a variety of contemporary design stores across the Toronto and realized that I have not yet written about Interior Couture, an interior design store in the heart of my neighbourhood, North Rosedale on Summerhill Avenue. I always feel it is important to shop local and keep retailers vibrant in the community. Summerhill Market is the dominant retailer of Summerhill Avenue and is a wonderful source for groceries but we sometimes overlook other retailers on that street that are certainly worth supporting.

Linda Williams Reive’s was in search for a location for her interior design office and stumbled upon this space in the heart of Rosedale. Loving the option of having some retail space in addition to a workshop this Rosedale location was perfect as it would not be too hectic and would allow time for design work.

I find the style of the store Jonathan Adler inspired with some nice bold colours including a broad selection of Designer’s Guild fabrics. Interior Couture offers full interior design services but also stocks a variety of home furnishing items: throw cushions, coffee table books, candles, soaps, towels, area rugs and other decor.

I always find Linda helpful and she seems to have some unique items I have not seen elsewhere. It is also the perfect spot to find a last minute hostess gift. Linda customizes towels and sheets. Currently there are some fabulous Canada pillows in stock to celebrate #Canada150.

I like to focus on design stores in my blog posts but given that I am writing about my neighbourhood I should point out there are a few other great retailers on the Summerhill strip.

Zoetry clothing boutique carries a nice assortment of quality lines in a quiet and relaxed environment. Owner Josh is attentive to his client’s tastes and keeps them up to date on new arrivals and upcoming sales. Rosedale’s Finest is a new specialty food shop in the neighbourhood offering prepared foods, pizzas, some great breads, cookies and desserts as well as incredible breakfast sandwich. It also provides a spot to grab a cappuccino or gourmet tea to go. It is a refreshing change from Summerhill Market for when you truly just need to pick-up a couple of things. Passion Flowers is a neighbourhood gem with a great selection of fresh flowers, orchids and potted plants. The orchids are so healthy the blooms last an incredibly longtime!

Update as of August 2017: Zoetry will be closing! It is a shame as it is nice to have diverse businesses on Summerhill Avenue. It is important to remember to support small businesses in your neighbourhood! Shop Local!


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April 2017 Real Estate Market Report

The average sale price for Toronto homes continued to rise despite both the increase of inventory and the announcement of Ontario’s Fair Housing Plan as part of the spring budget. Do know that the volume of sales overall were down and we are seeing a slight change to the number of multiple offers and with some properties are going past their offer dates. A more balanced market is not a bad thing and will require a slightly different marketing plan.

Please refer to the link for the full market report from Chestnut Park Real Estate

Toronto Real Estate Market Update Apr 2017

If you would like to discuss a strategy for your own real estate needs please don’t hesitate to contact me for a confidential consultation.

 

 

 


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New South Rosedale Semi-Detached 82 Pricefield Road

JUST SOLD on offer date for well over ask!

82 Pricefield Road provides the perfect entry into South Rosedale!

Listed for sale at $2,095,000

Offers gratefully accepted May 2nd at noon for a 1pm review

OPEN HOUSE – April 29th and April 30th – Saturday and Sunday 2pm-4pm

The link below has the full gallery of photos for the property

http://82pricefieldrd.com

The Property

Lot size 27 feet wide by 128 feet deep
Mutual drive with legal one car front yard pad parking

The front of the house has tasteful plantings surrounding the interlocking stone with parking generous enough for two cars (legal one car). The beautiful rear garden is easily accessed through a French door walkout from the spacious living room. The lovely tiered deck offers a perfect set up for summer entertaining where you can lounge and enjoy the private, landscaped garden that includes a stunning Japanese maple and a nice mix of deciduous and coniferous plantings for year round interest. For convenience, there is also access to the yard via a locked side gate.

The House

The three story semi-detached home offers the perfect entry into Rosedale for a young family and is also a great option for downsizers seeking Yonge Street proximity.

4 bedrooms and 4 bathrooms
This home has 2,198 square feet above grade living with an additional 785 square feet in the lower level for a total of 2,983 square feet.

Features
Neutral soft white design palette
Glass panel on the stairs creates a light filled stairway
Nine-foot high ceilings on the main floor
Extensive use of custom built-ins
Wide plank oak floors on the main floor and second floor
Contemporary renovated bathrooms
Halogen pot lights throughout
Central air conditioning
Water filtration system
Alarm system

Main Floor

The foyer of this home provides both a double closet and a tasteful 2-piece main floor powder room; two important items on many prospective buyers’ want lists.

The main floor is perfect for a modern family lifestyle, featuring an open concept living room and dining room with a lovely garden view and a French door walkout to the deck and landscaped yard. The fireplace is the focal point of the room, framed by custom built-in shelving on either side with excellent storage for books and collectibles.

The kitchen is located at the front of the home and abundant natural light floods in throughout the day. The south facing windows create a nice breakfast nook with a custom table and built-in cushioned bench seat. The soft white painted custom cabinetry, painted concrete counters, concrete sink, and glass tile backsplash blend together for a tasteful, monochromatic look. The centre island is the perfect spot for food preparation and conveniently contains space for the microwave on a shelf below. There is also a pantry with pull out shelves for storage. The kitchen has two access points, from the dining room and the foyer.

Second Floor

Master Bedroom
As you head upstairs you are met with a spacious master bedroom that has much to offer.A walk out to a south facing “Parisian style” deck with a frosted glass panel for privacy
The south facing bay window with a built-in window seat is perfect for cozying up with your favourite novel. Two walls of built-ins provide ample closet space in addition to extra storage for books and linens. The focal point of the master bedroom is an electric fireplace that is framed by the closets and cabinetry. A spot for your big screen TV is directly above the fireplace so you can enjoy both a nice movie and a warm fireplace at the same time. There is plenty of room for both a king size bed and an additional seating area, creating a true master sanctuary!

Master Bathroom
The 2nd floor five-piece bathroom is generously sized, beautifully finished and private
Limestone tiles
Caesarstone countertops
Double sinks
Deep soaker tub
Heated floors
Separate glass-enclosed shower
Large sandblasted picture window for natural light
Toto Toilet

Bedroom 2
The 2nd bedroom could easily function as an office. The soft white built- in custom low bookshelves can hold books or children’s toys. North facing French doors open as a Juliet balcony for fresh air on those crisp spring days!

Third Floor
Whimsical white shag broadloom throughout the third floor provides great cushioning and is therefore a practical surface for active children.

Bedroom 3
South facing dormer windows
A custom built-in shallow shelving unit on two walls is perfect to display that Lego, car, Barbie or American Girl doll collection
Large walk-in closet with built-ins

Bedroom 4
North facing dormer window
Walk-in closet with built-ins

The 4-piece bathroom serves both third floor bedrooms
A skylight provides good natural light
Caesarstone countertop with and undermount sink
Ceramic tiles
Toto toilet
Heated floors

Basement

The recreation room was dug down to provide good ceiling height and has plenty of built-ins, including custom sectional seating and cushions. There is no need to worry as to whether a sofa will fit down the stairs as there is already one there! Ceilings are high enough that the space could also be used as a gym. Practical engineered wood and wood laminate floors.The office area is perfect as a homework nook for kids or a home office.

A 3-piece washroom serves the lower level.

Laundry room has good space for ironing and hanging delicates and has been updated with LG washer and dryer.

Mechanicals:
Central air conditioning (previous owners)
Furnace new (2017)
Frosted glass panels (2010)
New fridge (2015)
Upgraded security system, currently monitored by Avante (2010)
Landscaping (2010-2017)
Painted concrete counters (2010 and 2017)
Custom cabinetry in bedroom 2 and bedroom 3 (2010)
New electrical panel with 200-amp service (2010)
Water filtration system (2010)

Appliances included:
LG washer (2011)
LG dryer (2011)
Jenn-Air stainless steel oven
Jenn-Air stainless steel 4-burner gas cooktop
Jenn-Air stainless steel built in dishwasher
KitchenAid refrigerator freezer (2016)

Other inclusions:
All cushions for built-in seating (solid pink in kitchen area, solid cream cushions in the basement and master bedroom)
All window coverings
Custom kitchen table for breakfast nook. (not on display)

Exclusions:
Kitchen light fixture over breakfast table
Televisions
All art and furnishings not described in the inclusions


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