Toronto Condo and Real Estate Blog

We invite you to attend the King West Condominiums in Liberty Village Preview Buying Evening Wednesday August 6th from 5 pm to 8 pm.

This is a Preview Event for Registered Guests ONLY. As such, we must accompany you to this event in order for you to be allowed into the sales centre.

Because there is a strictly limited capacity in the sales centre for this event, we urge you to RSVP as soon as possible - either by email to laurin@jeffreyteam.com or by telephone to 416-388-1960 - to avoid disappointment. Once they are at capacity, no further purchaser RSVPs will be accepted.

If you haven’t done so already, check out the website at www.kingwestlife.com and you’ll see a selection of floorplans, renderings, features and more; the website is being updated regularly with fresh information, so please be sure you check back regularly.

On Wednesday August 6th from 5 pm to 8 pm, our guests will be able to tour the furnished model suites, preview floorplans, and choose your preferred suite at Initial Preview Prices that are in effect for a strictly limited time.

We look forward to seeing you on Wednesday August 6th between 5 pm and 8 pm at the sales centre.

Streetcar Developments is pleased to introduce their latest loft conversion project located in the heart of the popular upper beach neighbourhood of Toronto.

952 Kingston is a unique 24 unit building which marks the first loft conversion project in this area of the city. This property is steep with history beginning life as a movie theatre in the early 1940’s.

When you look at the upper level of the building you can see the Art Deco influences in stone details and linear motifs. The residential entrance of the building recalls the sense of the original theatre grand entrance. Upper levels house distinctive curves, glass facades and terraces.

This design gives a sense of light and space to streetscapes to balance the historic solidity of the lower levels. Some of the other features include indoor parking, spacious balconies and contemporary kitchens all in a vintage urban setting.

The conversion of the 1940 movie theatre into 24 modern art deco loft residences will be the landmark in the upscale north beach neighbourhood. Stainless steel appliances, 10 ft. ceilings and polished concrete floors are some of the many features that 952 Kingston has to offer.

Building Developer: Streetcar Developments Inc.

Architect: Core Architects Inc. the architectural and interior design team behind some of Toronto’s most popular downtown addresses. With a portfolio of residential work that reflects a thorough understanding of urban living requirements, Core sets itself apart by translating these requirements into beautiful, functional living spaces. Core’s commitment to fine architecture ensures the use of strong, innovative concepts designed to satisfy the most discerning homeowner.

Marketing Firm: The Walsh Group is a design firm responsible for marketing numerous successful condominium and loft conversion projects in Toronto. The firm is focused on producing designs that are bold, fresh and have a strong visual message to brand the identity of the development.

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Contact the Jeffrey Team for more information - 416-388-1960

Recent sales data from real estate boards around the country indicates that real estate markets are changing to favour the buyer. Sales continue to decrease and benchmark prices for residential homes in most areas are moderating, in some areas trending down slightly since March.

“Real estate is cyclical and the numbers show that we’ve entered a buyer’s cycle,” explains Kelvin Neufeld, president of the Fraser Valley Real Estate Board. “Where appropriate, Realtors are recommending their sellers sharpen their prices, in particular for higher-end properties. On the other hand, there’s still a steady appetite for mid-range properties priced competitively. Our average days-to-sell in June for single family homes was only six days more than last year indicating that when buyers see an opportunity, they act.”

“We are now approaching a balanced market.” said Ann Cosens, RAHB President. “Sellers can expect reasonable offers and homes are generally selling in reasonable time periods. For buyers, prices remain stable and there are a good number of homes to choose from.”

“With the market stabilizing, there has never been a better time to be looking for a home,” added Cosens. “Consumers have more properties to choose from and less pressure to make a quick decision and the market has a lot to offer all buyers.”

In most provinces, sales numbers are slightly lower comparing to the same period of 2007, although it is still higher than those of 2006. It worth mentioning that 2007 was a record breaking year for real estate sales around the country.

On the other hand, some areas in Ontario recorded a remarkable increase in June! Burlington saw a 65% increase in activity, driven by detached home transactions and even more robust attached/row house sales. In Toronto (downtown east) activity was up 4% due to attached/row house and condo sales. And Ottawa saw a big saw jump in higher-end properties, in particular, for homes priced between $750,000 and $1 million, which had a 52.4% increase over last June.

Canadian real estate is experiencing a soft landing coming off the strongest and longest real estate cycle in our history. For those who don’t remember selling a home in a normal competitive market, it’s essential to work with a real estate professional who knows how to establish the right price for your property. Everything matters now: your neighbourhood, your property type, your home’s appearance and thorough marketing.

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Contact the Jeffrey Team for more information - 416-388-1960