Toronto Condo For Sale: 500 St Clair Ave West, Spacious 1 Bedroom w/Terrace

Condo For Sale, 500 St Clair Ave West, Toronto, ON
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The Forest Hill Condos located at 500 St Clair Ave West, at the corner of Bathurst.  Offered for sale is a spacious 1 bedroom with walk-in closet, approximately  745 square feet of living space plus a huge private terrace.  Upgraded custom shutters, 10 foot ceiling unique to the 2nd and 3rd floor.  Parking and an oversize locker included.   Locker conveniently located directly across from the suite.

The Forest Hill Condo features The Five Hundred Club which includes  a gym, sauna, media room, billiards room,  party room and guest suite, 24 hour concierge.   Starbucks and TD bank are conveniently  located on the ground floor of the building.  The walkscore is 92.  All conveniences are easily accessible within walking distance or by TTC at your doorstep.  Walk to Loblaws, LCBO, schools, Wychwood Barns and Forest Hill Village shops and dining establishments.

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Downtown Toronto Condos: 300 Front St, THREE HUNDRED FRONT, Tridel Built

300-Front-St-THREE-HUNDRED-FRONT-Condos

  • 300 Front St
  • THREE HUNDRED FRONT Condos
  • Condo amenities include 24 hour concierge, outdoor pool, gym, theatre room, hot tub, spin studio, cardio room, games room, recreation room, party room, dining room and more. Starbucks outside front door.  Walk to King West, Financial, Entertainment, Fashion districts, Rogers Centre, CN Tower, Aquarium, Shopping and Restaurants
  • Walk Score 100, Transit Score 100
  • TSCC/2338
  • Location:  Downtown Toronto, Front and John.
  • 49 Storey Condo Tower
  • Built by Tridel Corporation
  • M9V 0E9
  • MLS District C01 – Waterfront Communities – C1

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Toronto Real Estate Board Market Update, Mid May 2014

TORONTO, May 16, 2014 — Toronto Real Estate Board President Dianne Usher announced that “Sales reported by Greater Toronto REALTORS® were up strongly during the first two weeks of May in comparison to the same time last year. However, new listings were down slightly over the same period, which means competition between buyers continued to increase and price growth remained very strong.”

There were 5,185 sales reported through the TorontoMLS system during the first two weeks of May 2014. This result was up by 19.6 per cent in comparison to the first 14 days of May 2013. Sales increased for low rise home types, including single-detached and semi-detached homes and townhouses, as well as for condominium apartments.

The growth in sales was also widespread geographically, with the number of transactions up in the City of Toronto and surrounding regions.

The average selling price for the first two weeks of May was $590,132 – up 8.9 per cent compared to the average of $542,074 reported for transactions during the same period in May 2013.

Price growth was strongest for detached homes in the City of Toronto, where demand remained very strong relative to the short supply of listings. While the condominium apartment market segment remained well-supplied, there was enough demand to prompt above-inflation price growth.

“While tight market conditions continue to prompt strong year-over-year increases in the average selling price, it is important to point out that the monthly cost of home ownership – mortgage principal and interest, property taxes and utilities – has not trended upward as strongly. Strong price growth has been mitigated to a large degree by low borrowing costs,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

Toronto-Real-Estate-Market-Mid-May-2014-Update

Source: TREB (Toronto Real Estate Board)

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Toronto Real Estate Board Market Update: May 2014

TORONTO, May 6, 2014 – Toronto Real Estate Board President Dianne Usher announced that during April – the first full month of spring – Greater Toronto REALTORS® reported a 1.8 per cent year-over-year increase in sales through the TorontoMLS system. Total April 2014 sales amounted to 9,706, compared to 9,535 transactions in April 2013.

“April marked the beginning of the spring market, during which time we generally see the highest monthly sales totals in a given year. Despite the persistent shortage of listings, a substantial number of GTA residents were able to come to terms on a home that met their needs. However, sales levels would have been higher, but for the lack of supply,” said Ms. Usher.

“A number of factors underlie the constrained supply of listings. Studies and polling suggest that the additional upfront land transfer tax in the City of Toronto has prompted some households to stay put and renovate rather than list their home and move. In the broader GTA context, above-trend home sales in the years leading up to the recession have meant that many households who purchased during this period simply aren’t ready to move again,” continued Ms. Usher.

The average selling price for April 2014 sales was $577,898 – up by 10.1 per cent compared to the April 2013 average of $524,868. The MLS® Home Price Index (HPI) Composite Benchmark was up by seven per cent year-over-year. The MLS® HPI strips away price fluctuations resulting from a change in the mix of home types sold from one period to the next.

“Price growth for the GTA as a whole was driven by the single-detached, semi-detached and townhouse market segments in the City of Toronto. So far this year, there has been no relief on the listings front for these home types in many neighbourhoods in Toronto and surrounding regions. Until we see a marked and sustained increase in listings, we should expect to see the annual rate of price growth above the long-term norm,” said Jason Mercer, the Toronto Real Estate Board’s Senior Manager of Market Analysis.

Toronto-Real-Estate-Market-May-2014-Update

Source: TREB (Toronto Real Estate Board)

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Cityplace Condos: 151 Dan Leckie Way, Parade 2

151-Dan-Leckie-Way-Parade-2-Condos

  • 151 Dan Leckie Way.
  • Parade Condos phase 2.
  • Condo amenities include a party room, yoga area, indoor pool, fitness centre, rooftop terrace, theatre room 24 hour concierge. games room,.  Walk to the Waterfront, Minutes to King West, Financial & Entertainment Districts. Rogers Centre, Aquarium, ACC.
  • TSCC/2301
  • Location:  Downtonw Toronto Cityplace, Spadina and Fort York Blvd
  • Walk Score 85, Transit Score 100
  • Complete 2012
  • 21 Story Condo Tower
  • Built by Concord Adex.
  • M5V 4B2
  • MLS District C01 – Waterfront Communities C1

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GREATER TORONTO REALTORS® REPORT MID-MONTH RESALE HOUSING STATISTICS

TORONTO, April 17, 2014 – Toronto Real Estate Board President Dianne Usher announced that the spring market started off on a strong note in the Greater Toronto Area, with a 10.8 per cent year-over-year sales increase reported by Greater Toronto REALTORS® during the first two weeks of April. Sales through the TorontoMLS system over this period amounted to 4,541 units.

“The robust increase in sales speaks to the fact that home ownership remains affordable in the GTA. The majority of home buyers purchase a home using a mortgage. A household earning the average income in the GTA can comfortably afford a mortgage on an average priced home,” said Ms. Usher.

“While the persistent listings shortage in the GTA, coupled with strong demand, has led to a brisk pace of price growth, very low advertised mortgage rates have gone a long way to mitigating the effect of upward trending home prices,” continued Ms. Usher. The average selling price for April mid-month sales was $583,697, representing an annual increase of 11 per cent. This increase was due to both tight market conditions and a change in the mix of homes sold. At month-end, the MLS® HPI benchmark price will provide more insight into price growth attributable solely to the change in market conditions.

“The overall average price increase was driven by single-detached, semi-detached and townhouse sales in the City of Toronto. There was a substantial increase in higher-end home sales this year compared to last,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

“This time last year, many would-be home buyers and sellers were still on the sidelines due to changes in federal mortgage lending guidelines, including those guideline changes that removed the government guarantee on mortgage insurance on home sales over one million dollars. However, many of these households have subsequently adjusted to the lending guideline changes and have recently purchased a home,” continued Mercer.

Toronto-Real-Estate-Market-Mid-April-2014-Update

Source: Toronto Real Estate Board (TREB)

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King St West Condos: 183 Wellington St, The Ritz Carlton

183-Wellington-St-The-Ritz-Carlton-Condos

  • 183 Wellington St
  • The Ritz Carlton Condos
  • Condo amenities include valet parking, 24 hour concierge, sky lobby, pool, gym, access to hotel amenities and more. Walk to Starbucks, groceries, LCBO, Financial/Entertainment/Fashion districts and shopping, Restaurants
  • Walk Score 100, Transit Score 100
  • TSCC/2165
  • Location:  Downtown Toronto, King St West and Simcoe St.
  • 53 Story Condo Tower
  • Built by Cadillac Fairview, Graywood Developments, and The Ritz-Carlton Hotel
  • M5V 0A2
  • MLS District C01 – Waterfront Communities – C1

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GREATER TORONTO REALTORS® REPORT Q1 RENTAL MARKET STATISTICS

TORONTO, April 15, 2014 – Toronto Real Estate Board President Dianne Usher announced that strong growth in rental transactions and rental listings was reported by Greater Toronto REALTORS® during the first quarter of 2014. For condominium apartments in particular, total rental transactions were up by 17.8 per cent compared to the first quarter of 2013. The total number of units listed was up by an even greater 27.7 per cent.

“Renters took advantage of an increased supply of investor-owned units listed for rent in the first quarter. These units, with modern finishes, choice amenities and locations in popular neighbourhoods attracted a growing number of renter households, including young professionals moving close to work in downtown Toronto and new comers to Canada who initially chose to rent,” said Ms. Usher.

One-bedroom units accounted for approximately 60 per cent of total condominium apartment rentals in Q1 2014. The average one-bedroom rent was down by 1.6 per cent to $1,573. Two-bedroom condominium apartments accounted for 36 per cent of transactions. The average two-bedroom rent was up by 1.9 per cent to $2,155.

“The condominium apartment rental market has become better supplied over the past 12 months as a number of new projects reached the completion stage. While rental demand has remained strong, and many investor-owned rental units have been absorbed, the increase in supply has given prospective renters more choice, so the pace of average rent growth has moderated,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

First-Quarter-Rental-Summary-2014-TREB

Source: Toronto Real Estate Board (TREB)

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GREATER TORONTO REALTORS® REPORT Q1 CONDOMINIUM MARKET STATISTICS

TORONTO, April 15, 2014 – Toronto Real Estate Board President Dianne Usher announced that “home buyers remained confident in purchasing condominium apartments during the first three months of 2014. This included first-time buyers and seasoned home owners looking to change their housing situation. Despite the condo market segment being well-supplied, strong sales growth translated into a robust increase in the average selling price.”

Greater Toronto Area REALTORS® reported 4,454 condominium apartments sold through the TorontoMLS system in Q1 2014 – up nine per cent compared to 4,085 sales reported in Q1 2013. The average selling price for Q1 2014 transactions was up by 5.6 per cent year-over-year to $351,213.  The City of Toronto accounted for 70 per cent of all condo apartment transactions, with 3,121 sales reported. The average selling price in the City was $376,226.

The supply of condo apartments listed for sale also edged up in the first three months of 2014. New listings reported during the quarter were up by 3.1 per cent year-over-year. Active listings at the end of the quarter were up by 1.8 per cent.

“The number of new condominium apartment completions was up substantially in 2014. Because of this, we could see stronger growth in listings in the second half of 2014 as some investors choose to list their units for sale. If this occurs, buyers would benefit from more choice in the marketplace and thus could have more negotiating power with regard to price,” said Jason Mercer, TREB’s Senior Manager of Market Analysis.

First-Quarter-Condo-Stats-2014-TREB

 

Source: Toronto Real Estate Board (TREB)

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Toronto Condos: 99 Hayden St, Yonge and Bloor

99-Hayden-St-Yonge-Bloor-Condos

  • 99 Hayden St
  • Condo amenities include  gym, party room, rooftop deck, concierge.
  • MTCC/1257
  • Location:  Bloor and Church/Yonge
  • 9 Story Condo Tower
  • Completed 1998
  • M4Y 2P2
  • MLS District C08 – Church – Yonge Corridor

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