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Greetings!
We hope you are having a great summer! We love Toronto in the summer time and we hope you are taking advantage of the great weather with many of the outdoor activities and festivals planned for the city this month. Toronto real estate sales continues to be strong through the early part of the summer due to the delayed start to the spring market. Condominiums and entry-level freehold properties are the most sought after segment with purchasers at the moment. Active listings were very similar to last year’s figures and our expectation is that the market will continue to be active heading into the fall.
With the introduction of the 2019 Budget this past spring, our Federal Government announced the Shared Equity Mortgage Provider Fund which is scheduled to launch on September 2nd, 2019. This fund will allow First Time Home Buyers to apply to finance up to 5% of the purchase price through a form of a shared equity mortgage with the Government of Canada. There is no interest paid or monthly repayment required on this equity mortgage, however the Government of Canada takes a 5% equity stake in your property and is invested in the upside in value of your home. This incentive must be repaid within 25 years or when the property is sold. Unfortunately the incentive only applies to properties priced at $500,000 or below and the borrowers must have an income of at least $120,000 to qualify. We feel that this incentive will have little effect on the Toronto real estate market given the price cap, but will help those in the outskirts of the GTA where real estate prices are more modest.
Also, this month be sure to enter our draw to win a $100 gift certificate to one of Oliver & Bonacini's Restaurant, review the monthly market statistics, and much more.
Alex and Elaine
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| | "Toronto Real Estate Board President Michael Collins announced that Greater Toronto Area REALTORS® reported 8,595 sales through TREB's MLS® System in July 2019. This result was up by 24.3 per cent compared to July 2018. On a month-over-month basis, sales were up by 5.1 per cent, after preliminary seasonal adjustment." |
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| | | | | | | | 8 neighbourhoods in Toronto have seen home prices double in the past 5 years |
| | A new report from the real estate listing service Zoocasa reveals that eight out of the 35 MLS districts in Toronto have seen condo prices literally double over the past five years. Click the link below to find out which 8 areas made the list.
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| | | 5Great Ideas From Popular Living Rooms and Family Rooms
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| | "These trending photos show how designers create living spaces with style, storage and comfortable seating" |
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One of a Kind Executive 2 Bedroom and 2 Bathroom Corner Unit
Property Type: Condo Apartment Size: 900-999 Sq Ft # of Bedrooms: 2 # of Bathrooms: 2
Neighborhood: C01 Niagara Toronto
With An Incredible 675 Sq.Ft Terrace Nestled Into The Green Roof.Unobstructed City & Lake View. Builder & Architect Upgrades Incl. Full Height Windows, Newly Renovated Kitchen, Washrooms, Paint, Custom Cabinets & Closets Terrace Has Lighting, Sprinkler Sys,Teak Shower With H/C Water & Custom Planters. Includes Parking, Bike Rack And 2 Lockers. A Private Oasis In The Heart Of Liberty Village.
For more information please contact us.
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| | | Toronto Architectural Digest Worthy Home With Top Of The Line Finishes & Appliances
Property Type: Detached
# of Bedrooms: 3+1
# of Bathrooms: 2
Neighborhood: W10 West Humber-Clairville
Superior Quality & Craftsmanship With No Surface Untouched. Property Boasts 2 Stunning Kitchens Any Chef Would Be Proud Of & Separate Entrance For Potential Basement Apartment. Huge Park Like Backyard With Custom Built Pergola...There Are No Homes Like This In The Neighborhood...Do Not Miss This One!
For more information please contact us.
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| | | Stunning 2-Level Open Concept Loft On Prime Downtown Harbourfront
Property Type: Condo Loft Size: 1000-1199 Sq Ft # of Bedrooms: 1+1 # of Bathrooms: 2
Neighborhood: C01 Waterfront Communities |
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ThinkTorontoHomes, Royal LePage Terrequity Platinum Realty
293 Eglinton Ave. East, Toronto, Ontario M4P 1L3 Canada www.thinktorontohomes.com | info@thinktorontohomes.com |
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