Easter Newsletter

Happy Easter!

In continuation of the amazing architectures in Chicago, I am looking diligently for some interesting properties to introduce to you in this week's newsletter. Here I found a heritage property in cabbage town. Only on the market for 2 days. Please click "Featured Heritage Property" for 24 Sword Street for property flyer.

In Toronto, a property is considered a heritage site if it appears in the City's "Inventory of Heritage Properties". Toronto City Council has also set aside a number of areas called "conservation districts" (for example, the East Annex). If a Buyer wishes to purchase and renovate within one of these districts, the approvals process would likely be more involved than for other parts of the city. Generally, the city is most concerned with renovations that can be seen from the street, and it is usually easier to get approvals for changes made to the interior or back lot. However, since some properties have been placed in the Inventory due to aspects of their interior design, the foregoing rule-of-thumb does not always apply.

Frustration! Frustration! The number of new listings has decreased significantly. In C09 area, currently there are only 11 properties for sale between $500,000 to 1M. Buyers are suffered and stressed from the limited amount of inventory. Property under 1M, the price is still resilient as demand has increased for the past 3 weeks as the interest rate has further reduced to 3.8% for 5 year fixed this week.

Just Sold this week

Lovely 2+1 bedroom and 3 bathroom detached home with a swimming pool. Location is fantastic, less than 10 min walk away from Woodbine subway station. Gorgeous hardwood floor and kitchen eat-in area overlook the pool. Other great features of this home including 3 parking spaces and ove 6 feet basement height.

Please click "Just Sold" for 702 Mortimer Avenue for flyer.

Have a great and safe long weekend!