■Market Watch-August, 2014

Sales and Average Price Up Year-Over-Year in July

August 7, 2014 -- Toronto Real Estate Board President Paul Etherington reported strong year-over-year growth for July 2014 sales and the average selling price. Sales reported by TREB Members through the TorontoMLS system were up by 10 per cent to 9,198. This was the second-best July sales result on record.

“The second half of 2014 started where the first half left off, with very strong demand for the diversity of affordable home ownership options in the Greater Toronto Area. Sales were up strongly for most major home types and market conditions actually tightened, with sales growth outpacing listings growth. The result was average price growth well-above the rate of inflation,” said Mr. Etherington.

The average selling price for July 2014 sales was $550,700 – up by 7.5 per cent compared to July 2013. The strongest rate of price growth was reported for the detached market segment in the City of Toronto, with a year-over-year change of 11 per cent. The better-supplied condominium apartment segment experienced average price growth of 5.3 per cent for the GTA as a whole.

“Strong demand for ownership housing will underpin robust average price increases for the remainder of 2014. In fact, the pace of price growth that we have experienced over the past year will continue until growth in listings outpaces growth in sales for a sustained period of time,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.


8月マーケットウォッチ略訳
■数字で見る2014年7月
総売上物件数：　9,198件　（前年同期に比べ約10％増加）
平均販売価格：　550,700ドル　（前年同期に比べ約7.5％増加）

■要訳
GTAにおいて最も強く価格上昇がみられたのは、平均価格が前年比11％増の一戸建住宅（ディタッチハウス）によるものでした。在庫多のコンドミニアム（分譲マンション）の価格成長は5.3％でした。

Source: www.torontorealestateboard.com

■OPEN HOUSE THIS WEEKEND

347 Beech Avenue (The Beaches Area, South of Kingston Rd.)

Update: The house got sold at $680,000 which is 108% over listing price

Fantastic 3 Bedroom Semi Detached House. Directly Across From Glen Stewart Ravine! Lot's Of Original Beach Character, Hardwood Throughout, Large Eat-In Kitchen With Access To Yard. Open Concept Living-Dining Room. Two Updated Full Baths, Beautifully Finished Basement With Separate Entrance Easily Converted To Second Suite.
List: $629,000

Open House This Weekend
August 2 (Saturday) and 3 (Sunday) 2 to 4p.m.

See you then!

Nat Smilis

■One Year to Go Until "TORONTO 2015 Pan Am Games" Begin

CIBC Aquatics Centre and Field House

From July 10 to 26, 2015 “The Pan Am Games features 36 sports. They include all the usual Olympic ones, and some Pan Am-only events, such as handball, roller figure skating and wakeboarding.” The largest competing venue is CIBC Aquatics Centre and Field House located in University of Toronto, Scarborough campus (Military Trail and Morningside Avenue).

So far the construction of this facility, 400,000 SQF is on time and on budget which is $205 million!

Source:
http://toronto.ctvnews.ca/toronto-pan-am-games-5-things-to-know-1.1908569

■Market Watch-July, 2014

Strong Growth in June Sales

Paul Etherington (New President of the TREB)

July 4, 2014 -- Stepping into his role as President of the Toronto Real Estate Board, Paul Etherington announced a strong increase in residential sales reported through the TorontoMLS system in June. Sales were up by 15.4 per cent year-over-year to 10,180 transactions. New listings were also up compared to the same period in 2013, but by a lesser annual rate. This means that competition between buyers increased in June.

“Home buyers in the Greater Toronto Area are confident in their ability to purchase and affordably pay for a home. Generally speaking, buyers feel that ownership housing will be a good investment over the long term. This is why we continued to see increases in home sales in June for all major home types across the GTA. Given the degree of pent-up demand in the market today, I would expect to see sales growth continue through the summer,” said Mr. Etherington.

The average selling price for June transactions was $568,953, representing an increase of 7.4 per cent compared to June 2013. The strongest price increase for the GTA as a whole was for semi-detached houses, with the average price up by 9.7 per cent year-over-year. The pace of price growth for condominium apartments was also strong at 6.8 per cent.

“With less than two months of inventory in many parts of the GTA, it makes sense that we continued to experience very strong price growth in June. This is especially the case for low-rise home types like singles, semis and townhouses. Strong price growth for these home types will continue through the remainder of 2014. Despite higher inventory levels, the condominium apartment market segment has benefitted from enough buyer interest to result in above-inflation price growth,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

7月マーケットウォッチ略訳
■数字で見る2014年6月
総売上物件数：　10,180件　（前年同期に比べ約15.4％増加）
平均販売価格：　568,953ドル　（前年同期に比べ約7.4％増加）

■要訳
GTAにおいて最も強い価格上昇は、平均価格が前年比9.7％増の二戸建住宅（セミディタッチハウス）によるものでした。コンドミニアム（分譲マンション）の価格成長のペースも6.8％と強かったです。

Source: www.torontorealestateboard.com

■Happy Canada Day!

Cliffcrest, My Neighbourhood

My husband and I are blessed with living in this beautiful area called Cliffcrest, “a family oriented community that looks and feels more like cottage country than a big city neighbourhood.”

“The lushness and natural beauty of this area emanates from the spectacular Scarborough Bluffs, whose towering sandy cliffs peer out over the Lake Ontario shoreline.” This could be Malibu, California, no?

Or it could be Waikiki Beach if you saw Diamond Head over there……

This is Cathedral Bluffers Yacht Club.

These are flowers in our backyard for you! Hope you all had a great Canada Day!

Source:
http://www.torontoneighbourhoods.net/neighbourhoods/scarborough/cliffcrest

■Let's Submit an Offer!

Etobicoke’s Humber Bay Shores Park

My client fell in love with this newly built condo in Humber Bay Shores Park and decided to submit an offer on beautiful sunny evening.

This “Toronto’s West Coast, so to speak, an area that was known as ‘the Motel Strip’ up until just a few years ago, but which is now one of the most complete transformations that any area of Toronto has ever seen.”

This area is perfect for her because she needs to commute to both Mississauga and downtown Toronto. This community got everything she needs such as Italian Restaurant with patio to hang out with her girl friends, French Patisserie and Bakery for some treats, a grocery store with a friendly owner, Mani & Pedi Spa which got the best price and more!

The offer we submitted was accepted and she will move in on July 25!

エトビコ市のハンバー・ベイ・ショア・パークエリア

ミササガとトロントのオフィスを行き来しないといけない方におすすめの新築コンド。数年前まで古いモーテルが立ち並び寂れたエリアが今では“トロントのウェストコース”と呼ばれ、トロントで一番大きな変化を遂げたといわれるエトビコ市のハンバー・ベイ・ショア・パークエリア。

7月25日めでたくこのコンドの住民になるジュリーが、おしゃれなイタリアンレストランのパティオで友達とディナーしたり、フレンチベーカリーやスパに足を運ぶ彼女の姿が思い描かれます。

Source:
http://urbantoronto.ca/news/2014/01/humber-bay-shores-another-major-growth-area-2014

■June Events

June 14 (Saturday)
Roncy Rocks!
Roncesvalles Village will come alive with music and art for the fifth annual Roncy Rocks! Featuring the best local artists and musicians as well as an all-day sidewalk sale, Roncy Rocks promises to be a rockin’ good day of music and art in Roncesvalles Village. For more details.

June 20-22 (Friday to Sunday)
2014 Flyboard North American Championships (Red Path Water Front Festival Toronto)
The world's fastest growing watersport is now available to you. Fly like Ironman, and swim like a dolphin. Intuitive and addictive, Flyboarding is the newest and hottest craze offering a sensation like no other! For more details.

See you there!

Nat Smilis