■Market Watch-November, 2014

October 2014 Sales & Average Price Up Year-Over-Year

November 5, 2014 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,552 sales through the TorontoMLS system in October 2014. This result represented an increase of 7.7 per cent compared to October 2013. New listings were also up on a year-over-year basis, but by a lesser 3.4 per cent.

“Strong growth in sales was evident across all major home types during the first full month of fall. This suggests that there are a lot of households across the Greater Toronto Area who remain upbeat about the benefits of home ownership over the long term, whether we’re talking about first-time buyers or existing home owners looking to change their housing situation,” said Mr. Etherington.

The average selling price for October 2014 transactions was $587,505 – up 8.9 per cent compared to the average of $539,286 reported for October 2013. The MLS® HPI composite benchmark price was up by 8.3 per cent over the same period. Low-rise home types, including singles, semis and town houses, continued to be the driver of year-over-year growth in the average price and the MLS® HPI composite benchmark.

“While sales growth has tracked strongly so far this fall, many would-be home buyers have continued to have difficulties finding a home due to the constrained supply of listings in some parts of the Greater Toronto Area, particularly where low-rise home types are concerned. The resulting sellers’ market conditions are forecast to drive strong price growth through the remainder of 2014 and indeed into 2015 as well,” said Jason Mercer, TREB’s Director of Market Analysis.


11月マーケットウォッチ略訳
■数字で見る2014年10月
総売上物件数：　8,552件　（前年同期に比べ約7.7％増加）
平均販売価格：　587,505ドル　（前年同期に比べ約8.9％増加）

■要訳
秋に入っても売上高に強い伸びが記録されている一方、たくさんの住宅購入予定者は低層タイプの家が多く集中するエリアの売り物件数不足のため引き続き家を見つける難しさを感じています。結果として見られる売り手市場の状況が、２０１４年残りと２０１５年に同様の強い価格の成長を牽引すると予測されています。

Source: www.torontorealestateboard.com

■Million Dollar Listing LA (Season 7)

Starting Monday, October 27^th at 10pm on slice

Million Dollar Listing Los Angeles returns for season seven to the city that started it all. Top agents Josh Altman and Josh Flagg are joined by two new faces, successful real estate partners James Harris and David Parnes. With inventory low and demand high, the Los Angeles market is blazing hot and these agents are working hard to stay one sale ahead of their competition. From the exclusive enclaves of the Hollywood Hills to the sprawling mansions of Bel Air, the agents are pulling out all the stops to nab high price listings and get them sold.

Reference: http://www.bravotv.com/million-dollar-listing-los-angeles

■Thanksgiving Cooking Safety

The Kitchen is The Heart of The Home

The kitchen is the heart of the home, especially at Thanksgiving. Waring Digital Rotisserie Deep Fryer is our newest kitchen appliance and it is pretty big! To deep fry a turkey in there it needs a minimum of 9 litres of peanut oil. “Deep-frying your food in peanut oil will give your meal a light, somewhat nutty flavor.” It is said “deep-frying is a fast, easy way to make relatively healthy meals, particularly when you use peanut oil instead of animal fat.”



Did you know “Thanksgiving is the leading day of the year for home fires involving cooking equipment”? So, we decided to use this fryer outside on the deck.

20 minutes later…

It took only 43 minutes to cook 11 pound (about 5 kg) turkey!!

 

People enjoyed this golden, crispy and juicy turkey a lot.

Hope you also had a great and safe Thanksgiving!

七面鳥（ターキー）は、「頭から首にかけて皮膚が露出し色が赤・青・紫などの色に変わることから名づけられた」らしい。これを聞くと食欲をそそられませんが、ターキーの丸揚げはおすすめ。オーブンで焼くと３～４時間かかるターキーが、４３分間ピーナッツオイルの中をグルグル回転し、カラッと揚がったお肉はとてもジューシーでした。

■Market Watch-October, 2014

Sales and Average Price Growth Continued in September

October 3, 2014 -- Toronto Real Estate Board President Paul Etherington announced that there were 8,051 transactions reported through the TorontoMLS system in September 2014. This result represented a 10.9 per cent increase compared to September 2013. On a year-to-date basis through the first three quarters of the year, sales were up by 6.9 per cent annually to 73,465.

"Despite a persistent shortage of listings in some market segments, we have experienced strong growth in sales though the first nine months of 2014. This is evidence that GTA households remain upbeat about purchasing a home. The majority of home buyers purchase a home using a mortgage. The share of the average household's income dedicated to their mortgage payment remains affordable, which is why buyer interest has remained solid," said Mr. Etherington.

The average selling price for September 2014 transactions was $573,676 – up by 7.7 per cent compared to the same period in 2013. Average year-over-year price growth was strongest in the City of Toronto, both for low-rise home types like detached and semidetached houses and for condominium apartments. The average selling price year-to-date was $563,813 – up 8.5 per cent compared to the first nine months of 2013.

"If the current pace of sales growth remains in place, we could be flirting with a new record for residential sales reported by TREB Members this year. On the pricing front, the multitude of willing buyers in the marketplace coupled with the short supply of listings will continue to translate into very strong annual rates of price growth in the fourth quarter," said Jason Mercer, TREB's Director of Market Analysis.

10月マーケットウォッチ略訳
■数字で見る2014年9月
総売上物件数：　8,051件　（前年同期に比べ約10.9％増加）
平均販売価格：　573,676ドル　（前年同期に比べ約7.7％増加）

■要訳
このペースで販売が伸び続けると、今年の売上高は新記録となるかもしれません。価格に関して、売り物件数不足という状況にたくさんの買い手がいるということは、第四半期にも非常に高い価格増加率がみられるということを意味しています。

Source: www.torontorealestateboard.com

■Goodbye Summer

Goodbye summer and pool……what a busy summer that was. I probably spent more time in my Prius than in backyard.

Our hydrangeas have just bloomed! They usually come out in spring, so I was missing them. Good to see them finally!

■The Jennie Garth Project

Starting Tomorrow Night (Sunday) at 10p.m. on HGTV 

The Jennie Garth Project follows the single mom and actress Jennie Garth, star of Beverly Hills, 90210, as she renovates a dated Hollywood Hills, Calif. house for herself and her three kids. Throughout the series Jennie and her contractor transform an entire home while managing the budget-conscious mom's renovation expenses. To save money, Jennie plans to refinish the old kitchen and bathroom cabinets and cranks up a chainsaw to clear the brush and small trees from her property. The series features a whole-home renovation, including the kids' bedrooms, master bedroom and the living room.






Reference: www.hgtv.ca/thejenniegarthproject

■Offer Just Got Accepted

Queen Street West

It was such a beautiful sunny day to spend my Friday afternoon in Queen Street West. Around noon Jessica called me and told me she wanted to view a unit in Chocolate Company Lofts which just came to the market. We had ups and downs a couple of times, so I really wanted to secure this unit for her if she decides to submit an offer.



I jumped in my Prius and headed to Queen Street West. Toronto’s Queen Street West “has been declared as one of the world’s coolest neighbourhoods by Vogue Magazine. In the magazine’s September 2014 issue, Queen Street West has been ranked second in a list of 15 neighbourhoods from across the world.” Vogue’s Nick Remsen writes Queen Street West is a “verifiable artery of indie patisseries, homegrown labels, and hidden-from-view galleries – hallmarks of hipness, if ever they existed.”



Jessica loved the view, high ceilings, bedroom with big windows, kitchen backsplash and more! She goes “Nat, let’s do it! I am ready for signing an offer”. After we left the building, I had to rush to KW office in King West to submit an offer to avoid a potential bidding war. A couple hours later the seller accepted our offer thanks to the listing agent! Yay!! With approvals from both her lawyer and mortgage broker she will be a resident in the Chocolate Company Lofts right before Halloween. Jessica said “I am quite excited and grateful to Nat for reorganizing her afternoon to make it happen.”




Chocolate Company Lofts
Address: 955 Queen St W, Toronto
Developer: Plazacorp
Year Completed: 2005
Building Type: Hard and Soft Lofts
Number of Units: 144
Storeys: 6

About Developer
Plazacorp Urban Residential Communities is one of Toronto's most experienced residential condominium construction and development organizations. Over 5,000 condominiums in Toronto, either already completed or currently under development or construction, bear the Plazacorp name, in downtown Toronto’s most desirable neighbourhoods, including Yorkville, North Toronto, King West, Queen West, Lawrence Park, Liberty Village, The St. Lawrence Neighbourhood, Harbourfront, Mt. Pleasant Village, and others. Plazacorp Urban Residential Communities: the quality is built in from the start. (www.plazacorp.com)

辞書で “loft”を検索すると「物を収納する屋根裏」という訳がでてきますが、トロントには元チョコレート会社やシアーズの倉庫、教会、羽根工場やおもちゃ工場を改装したコンドミニアムがロフトとして分類されています。特徴は、天井が通常のコンドより高いこと（約９フィート以上）やレンガやコンクリートのむき出しの壁。希少価値があるためか個性派ヤングプロフェッショナルの間で大人気。


Reference: http://toronto.ctvnews.ca/vogue-declares-west-queen-west-as-world-s-2nd-coolest-neighbourhood-1.1997937#ixzz3DrdXheFi