Chestnut Park Real Estate Ltd, Brokerage
1300 Yonge Street, Suite 100 Toronto, Ontario M4T 1X3

Toronto Luxury Real Estate: May 2018 Toronto Real Estate Market Report

The Toronto real estate market in the month of May saw a decrease year over year in average sale price for the GTA however when you look at the chart below of the monthly average sale prices you see a return to the peak of last spring. Also if you break this down and look at just central Toronto the average sale prices are quite significant.

The average sale price for a detached home is $1.426 million in the 416 area vs $925,000 in the 905 area. The average sale price for a semi-detached home is $1.67 million in the 416 vs $665,000 in the 905 area. The average sale price for a condominium is $671,000 in the 416 vs $445,000 for the 905 area.

70% of the Toronto real estate inventory is in the 905 area which is putting upward pressure in the central core for quality properties. There also is a lack of inventory for recreational properties putting upward pressure on prices in Prince Edward County, Caledon, Muskoka and Lake of Bays.

 The full details on the Toronto Market performance from Chris Kapches, CEO and President of Chestnut Park Real Estate Limited can be found in the Toronto_Report_May2018 or watch the video below.

On this week’s agent open house tour I have seen a few stunning turn key homes at various price points in the neighbourhoods of  Summerhill, Rosedale, Leslieville, Annex and Forest Hill please feel free to contact me for details.

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April 2018 Toronto Real Estate Update

The Spring Market arrived in April!  The average sale price for homes in Toronto is creeping back up to the highs of last April. We continue to have very limited inventory which is forcing prices higher. Condominium sales continue to be the most active part of the market based on affordability and a dip in luxury home sales was noted. RBC came out with a report that now is actually the time to buy a detached home in Toronto as they represent great value.

If we focus purely on the 416 area of Toronto detached homes show an average price of $1,354,719, Semi-detached so an average sale price of $1,021,986 and condominium sales were an average sale price of $610,211.

We did see a rise in interest rates at the end of April and there is some concern with the new stress tests in place this will effect the number who qualify. A please note the new stress tests also effect those mortgages up for renewal.

Chris Kapches, President and CEO of Chestnut Park Limited provides a full Toronto Real Estate April 2018 Market Report

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Luxury Toronto Real Estate: The Charm of a Bench

These vintage City of Toronto benches are slowly being replaced but I will always be fond of them as they tell a story of the passage of time.  I thought I should explain the reason I included this photograph in my marketing, apart from having a fondness for the image. To me, a bench is symbolic of a place to rest, to settle.  Likewise, as a Realtor, my job is to find a comfortable place for my clients “to rest” that fits their needs, budget and tastes.

Vintage City of Toronto Bench

Benches are a nice addition to any setting, indoors and out. A bench can spruce up a bland hallway, add some style to the foot of a bed or fill a void in the back corner of a yard. Benches provide the perfect spot to sit for a moment of reflection, can double as a coffee table and have room for two! For these reasons, I have a collection of benches and they are all very different.

Below are some of my favourites, including the new benches replacing the vintage City of Toronto bench shown in my marketing materials.

New City of Toronto Benches

Contemporary benches being phased in at bus stops throughout Toronto

Move over vintage benches; these new teak and aluminum benches are being placed at bus stops around the City of Toronto.  As much as I love the charm and character of the vintage benches, I do like the the contemporary flair of these new benches.

Outdoor benches

Teak Bench

A classic teak bench out a look out in Muskoka

I love the simplicity of a nice teak bench outdoors.  At our cottage we have created trails on our back property with a few other neighbours. The trails lead to a lovely lookout where we have placed this bench and it has become a destination for us to enjoy year ’round. It is an inviting spot to sit and enjoy the views out to the lake.

Richard Schultz Topiary

Richard Schultz Limited Edition Topiary Bench

This outdoor bench adds some whimsy to any yard and the playful nature of this bench allows light to pass through and cast shadows. The pink bench was a limited edition to raise money for breast cancer.  They come in a choice of colours including sky blue, forest green, orange and, for those who prefer a more neutral palette, plain white.

Richard Schultz 1966 Knoll

Knoll 1966 formerly Richard Schultz 1966

This bench is so simple it is timeless. Richard Schultz created this line in the 1960s and production recently began again. It has been revitalized and offers comfortable, easy-care outdoor seating for backyards or terraces.


Indoor benches

The Herman Miller Nelson Bench

The Herman Miller Nelson Bench provides elegant simplicity.

If I were to limit myself to just one bench, it would be this mid-century classic whose clean lines exude simplicity. I have used mine as both a coffee table and as a bench in hallways at the city and cottage. I have even been known to use this bench to add a little something in homes I am listing. It can easily handle day-to-day wear and tear and is absolutely perfect below an Eames Hang-It-All.

Hollace Cluny – TreeBone Design

TreeBone Design

This walnut bench, by Montreal-based TreeBone Design, was purchased at Hollace Cluny a few years ago. As many people know, I am a strong supporter of Canadian designers. I feel this piece is very Japanese-inspired and I love the fact that it offers flexibility.  The seats and magazine holder can be moved around. You could also choose three seats.   It is comfortable, functional and unique! Certainly a great choice to celebrate Canadian design.

Florence Knoll Bench

Knoll Mid-Century Designed Florence Bench

This is a stunning bench that is very comfortable. We have one in our in our front hall and another one in our bedroom. It is a nice spot to sit to put your shoes on or place your handbag. The Florence Bench is another mid-century design that is timeless and adds sophistication to any space. This bench can be found inside many different museums, galleries and public institutions.


This antique pine bench has been spruced up with cushions.

I know antique pine collections are a bit dated, but it is still nice to have a vintage pine bench to add some warmth and rustic charm to a home or cottage. I believe mixing old and new gives a home character and some vintage pine certainly warms up a space.

If you are looking to fill a vacant spot in your home or yard, I’d say you can’t go wrong with a functional bench that reflects your personal style.



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March 2018 Toronto Properties Report

Toronto properties continued to decline in average sale price, the number of  new listings and the number of sales.  From my perspective working in the central Toronto area this past month the contrary was seen. My condominium listed for sale in South Rosedale fetched a new price per square foot high for the building  and had over 60 showings. While working with buyers I had to work quickly to secure a condo property as things were selling quickly and over list price in many cases.  The condo market remains the most active area of the market based on affordability and the desire for urban living with lower commute times. We continue to have limited inventory.

For more details please refer to Chris Kapches’ Chestnut Park Toronto Real Estate Market Report for March 2018

I currently have clients looking for a Yorkville, mid-town and downtown condominiums as well as clients looking for a signature luxury property in Rosedale, South Hill and Forest Hill. Please feel free to contact me for a valuation of your home or condo and to discuss the correct marketing plan to maximize results.

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New Lease Listing in Toronto’s Dovercourt Neighbourhood

380A Westmoreland Avenue North provides an opportunity to lease a three bedroom home in the up and coming Dovercourt  area with a walkscore of 81! Popular Dark Horse coffee and Familgia Baldassare are at the foot of the street on Geary Avenue! Ossington station, Loblaws, Fiesta Farms, shops and parks are nearby. The home has been updated with modern kitchen and stainless steel appliances. The three piece bathroom is also renovated with tumbled marble tiles and a vessel sink.  A nice sized garden and parking for one car are a bonus! The perfect home for a couple or young family looking to live in a trendy area that would like a lovely backyard  for summer barbecues in lieu of condo life.
More photos on the website 380A Westmoreland Avenue North

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New Listing: Luxury Rosedale Boutique Condo

66 Roxborough Suite 202

Offered for sale for $1,295,000

Opportunity to purchase a completely renovated condo in this unique, 10-unit, boutique Rosedale building. 66 Roxborough Street East is nestled among the mansions of Chestnut Park and Cluny Drive yet is just steps to the shops and restaurants of Yonge and Summerhill. This two bedroom, two bathroom corner unit almost 1300 sq ft of living space and has been tastefully updated with a neutral palette of grey and white tones.
The kitchen is open to the living and dining room and boasts white cabinetry, Caesarstone counters, marble-tiled backsplash and all new stainless steel appliances.
Other suite features include spacious master with en suite, dark oak floors, marble fireplace, en suite laundry, locker, and parking for one car.
For those looking for a quiet lifestyle, tucked away from yet convenient to Yonge Street, this is for you.

For more information please or a private showing please email or call 416-561-3114

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Toronto Real Estate Market Report February 2018

The Toronto real estate market in February continued to see a decline in the average selling price year over year. It should be noted that the negative variances were due to the fact that the first quarter of 2017 saw a record breaking price appreciation that was not sustainable.

When looking at the broad TREB (Toronto Real Estate Board)  statistics it should be noted that the average sales price varies greatly in terms of location and also type of home. The largest  average sales price decline we have seen has been detached homes and geographically the largest average sales price decline has been in the 905 area codes.

One very important point to note is that the central Toronto condo market remains exceptionally robust with the rise in average price surpassing $645,195 vs $577,809 in 2017 an increase of 11.6%. Condominiums are the most affordable type of home and millennial are embracing more modest housing as an alternative to a long commute.

Chris Kapches’ full market commentary  is found in this link: February 2018 Toronto Real Estate Report

March marks the beginning of the spring market so it will be very interesting to see the March Toronto real estate statistics as historically the spring market is the most robust market.

February 2018 Toronto Real Estate Infographic

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Toronto Art: Winter Stations Kew Beach

I made my annual trek to see the fourth public Winter Stations art exhibit at Kew Beach. This is the perfect outing for the family over March Break! Below are some photos but they are best appreciated in person. The stations will remain on Kew Beach until April 1st, 2018.

Pussy Hut

Pussy Hut – Martin Miler & Mo Zheng. This is a very current installation that reflects the #metoo movement. The vibrant pink catches your eye from afar and when you see this installation up close you can appreciate the work involved knitting this massive pink hat. It certainly was the place to be to celebrate International Women’s Day on March 8th.

Make Some Noise

Make Some Noise!!! – Alexandra Grieß & Jorel Heid – Hamburg, Germany. This interactive installation creates noise. There are levers and speakers and you are encouraged to interact to “Make Some Noise”. This installation was inspired by the intonarumori of the Italian futurist Luigi Rusoll0. Russollo created a sound box that was a shocking diversion from the traditional instruments and caused a huge outrage. The exhibit encourages people to change their normal behavioural pattern and enjoy the interaction with this sound box.


Revolution – OCAD University – Ben Chang, Anna Pogossyan, Amr Alzahabi, Carlos Chin, Iris Ho, Tracee Jia, Krystal Lum, Adria Maynard, Purvangi Patel, Judiette Vu –
Toronto, Ontario, Canada. There was a viewfinder for every height to look out on to Lake Ontario.


Obstacle – Kien Pham Surbiton – United Kingdom. This installation is a metaphor for the problems individuals face. It was fun to walk through and see the peek-a-boo views of Lake Ontario.


Nest – Ryerson University – Adrian Chiu, Arnel Espanol, Henry Mai – Toronto, Ontario, Canada. Nest was a cozy place to walk into for shelter from the winter elements.

Rising Up

Rising Up – University of Guelph – Alexander Good, Austin Huang, Kevin Sadlemyer, Marc Cote, Stephan Stelliga, Zixiang Chen, Nadia Amoroso, John Phillips, Sean Kelly – Guelph, Ontario, Canada. I really appreciated the architecture of this curvaceous installation.

Wind Station

Wind Station – Paul van den Berg & Joyce de Grauw – Rotterdam, Netherlands. This is a call to phase out nuclear power stations in favour of other energy sources such as wind.  It was quite mesmerizing watching all the little windmills move with the breeze.

This was my quick pictorial from my visit to the Winter Stations at Kew Beach but as I had mentioned earlier it is worth the excursion to see it for yourselves. Have a wonderful March Break!

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Luxury Toronto Real Estate – North Rosedale Centre Hall – Coming soon to MLS

I have the perfect North Rosedale centre hall home coming to market in the next few days. This Rosedale home has retained the original character of a heritage home by preserving the lead glass windows and hardwood floors, yet the home has been updated for turn key living.  It is the perfect centre hall layout with five bedrooms and five bathrooms on two and a half stories, with a quiet south facing low maintenance garden and parking for 2 cars.

The home has nicely proportioned principal rooms perfect when entertaining. For everyday living there is a wonderful sun filled main floor family room with gas fireplace that is steps down from and open to the crisp white kitchen. The kitchen is appointed with the signature Wolf range, simple white Caesarstone counters, stainless steel appliances, large chef’s island and pantry cupboard for storage. The second floor has the bonus of a spacious library that is large enough to operate as both an office and upper family space You can enjoy the gas fireplace while reading and relaxing in the evening. The Master bedroom has a walk-in closet that leads into a spacious ensuite washroom with heated floors, stand-alone tub, marble shower and double marble vanity. All of the bedrooms have good closet space and the home easily provides room for a family of 6 comfortably with no one having to share a room!

Recent updates: furnace, air conditioning, roof, sewage line to the city and basement drainage, kitchen counters, master en suite bathroom. A very good home inspection report is available for review.  Feel free to contact me for further details or a private showing once the home is prepped.

For those looking for the perfect opportunity in the Rosedale community this home is the one. Rosedale Park is so close, the shops and amenities of Summerhill Avenue including Summerhill Market are a walk away and the TTC is at the end of the street. On a good weather day, it is an easy stroll to Rosedale Subway and the shops and restaurants on Yonge Street.

List Price $3,695,000   Lot Size 44.25 Feet by 137 Feet

OPEN HOUSE : Saturday February 24th and Sunday February 25th from 2pm to 4pm

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