News

PINNACLE CENTRE:

12 YONGE STREET

Posted on Sep 25, 2019 in Condo Building Reviews

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Pinnacle Centre consists of four towers. It has a prime location between Scotia Centre and the waterfront. Amenities include a 70 ft indoor pool, whirlpool and sauna It even has an outdoor tennis court. We selected the 12 Yonge St. building.The first unit we tracked was a one-bedroom with locker, 9 ft ceilings, and open balcony on a high floor faci...

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Condo Market Report - August/September 2019

Posted on Sep 20, 2019 in Market Report

SALES COMMENTARY
Year over Year Sales Comparison for AUGUST
TREB reported 7,711 sales for August. We would describe this number as a return to more ‘normalized’ sales levels. See our Table below for August sales over the past seven years. While sales were lower than July, this is in-line with seasonal sales figures. We would also expect that September sales would be slightly lower again, bef...

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THE CHARLIE:

8 CHARLOTTE STREET

Posted on Aug 26, 2019 in Condo Building Reviews

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Located steps from King and Spadina, in the Entertainment District, sits The Charlie, a 32 storey condo building. Completed in 2013, it features many amenities, including a rooftop garden, pool and BBQ area. Our one-bedroom unit, has a 115 sf balcony but no parking or locker. It sold in 2017 for $501,000 and then in 2019 for $630,000. That represen...

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Condo Market Report - August/September 2019

Posted on Aug 22, 2019 in Market Report

SALES COMMENTARY

Year over Year Sales Comparison for JUNETREB sales for July at 8595 units were 24% higher than July of 2018, and 46% higher than in July of 2017. Sounds impressive but July sales in 2016 and 2015 were actually 15% higher than in 2019! The real takeaway is that the summer/seasonal drop in sales from June to July was only 3% in 2019. That is the lowest drop in the last five...

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FESTIVAL TOWER:

80 JOHN STREET

Posted on Jul 17, 2019 in Condo Building Reviews

Image result for festival tower, toronto
This month we looked at sales in the Festival Tower, the home to the Toronto Film Festival (TIFF) and Bell Lighthouse. The building is eight years old and is a ‘walk to anywhere’ location with superb amenities. The first unit we examined was a one bedroom + den with balcony and locker, but no parking. It faces north on a high floor. It sold in 2013...

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Condo Market Report - July/August 2019

Posted on Jul 15, 2019 in Market Report

SALES COMMENTARY

Year over Year Sales Comparison for JUNE
June sales on TREB were 8860 units. Even though they were 10% higher than June of last year, we now know how this year will unfold. May will be the peak sales month this year, and we will finish the year with 84,000 sales – 8% higher than 2018 and slightly less than 2010! The positives from this market are: 1) listings are running b...

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