Serge Realtor

Luxury apartment FOR RENT.

Live in the Lap of Luxury! Experience upscale urban living in this bright and immaculate Lower Penthouse style unit with breathtakingpostcard-worthy northwest views of Toronto.Featuring a split-bedroom layout, 9-ft ceilings, and floor-to-ceiling windows that flood the spacewith natural light. Enjoy the oversized corner balcony with gas BBQ hookup, perfect for entertaining.This suite offers hardwood floorsthroughout, stainless steel appliances, and one parking space.Luxurious building amenities include a swimming pool, hot tub, outdoorterrace, fitness centre, billiard lounge, media room, guest suites, and 24-hour concierge.Located just steps from Bloor Subway (North-South &East-West lines), fine dining, and premium shopping.Optionally available furnished.

Market Watch June 2020

Toronto Regional Real Estate Board President Lisa Patel announced that Greater Toronto Area REALTORS® reported 8,701 sales through TRREB’s MLS® System in June 2020. This result represented a very substantial increase over the May 2020 sales result, both on an actual (+89 per cent) and seasonally adjusted basis (+84 per cent), and was only down by 1.4 per cent compared to June 2019.

Year-over-year growth in sales was reported in some areas and market segments. Especially notable were the detached and townhouse market segments in the GTA regions surrounding the City of Toronto. New listings were up slightly on a year-over-year basis by 2.1 per cent. However, active listings on TRREB’s MLS® System at the end of June 2020 were down by 28.8 per cent compared to June 2019. Growth in new listings will need to outstrip growth in sales for a number of months before active listings approach last year’s levels.

The MLS® Home Price Index Composite Benchmark was up by 8.2 per cent year-over-year in June. The average selling price for all home types combined was $930,869 – up by 11.9 per cent compared to June 2019. The actual and seasonally-adjusted average selling price was also up substantially compared to May 2020, by 7.8 per cent and 9.8 per cent respectively.

Average and benchmark selling prices were up year-over-year for all major home types. The strongest average annual rates of price growth were experienced in the detached and semi-detached market segments in the City of Toronto at 14.3 per cent and 22 per cent respectively. This, coupled with the fact that average selling price growth outstripped growth in the MLS® HPI benchmarks, points to a resurgence in the higher-end market segments.