Team Dhingra Real Estate

🔑 JUST LISTED

Welcome to unit 531 at 55 Merchant’s Wharf; A spacious, sun filled southwest facing 2-bedroom and 2-bathroom unit at Tridel's Aqualina! Located in the growing East Bayside area of Queens Quay East, this building has spectacular amenities - including a gym, spin/bike studio, theatre, party room, and one of the best rooftop pools in the city!

This unit features 2 spacious bedrooms, modern bathrooms, a kitchen with granite countertops, and built-in stainless steel appliances. Lakeside living with close proximity to the Financial District. St. Lawrence Market, Loblaws, George Brown College, and Highways.

Don’t miss this amazing unit!

DETAILS:

🛏 2 Bedrooms
🛀 2 Bathrooms
🚙 1 underground parking
💰 $1,099,000
📍 531-55 Merchant's Wharf Way, Toronto

For more info, send us a message or email us at [ [email protected] ]

📲 Please share with anyone looking to buy a house like this.

🏡 What’s going on in the Greater Toronto Real Estate Market?

Swipe to see the MAY 2023 Toronto Regional Real Estate Board (TRREB) Market snapshots broken down by region and property type.

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🔻 Market Recap 🔻
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🏡 HOUSES:

Year-over-year, the average price for a house in the Toronto area was $1,472,879 in May, up 2% over the same month last year.
House sales in May were up 18% over last year, the first time since November 2021 that sales are up on a year-over-year basis.
New house listings were down 19%, and the number of houses available for sale at the end of the month, or active listings, was down 25% over last year.
This imbalance between supply and demand is reflected in the Months of Inventory (MOI), which measures inventory relative to the number of sales each month. In May, MOI for houses remained relatively flat at 1.3 MOI, indicating tight supply conditions.

🏢 CONDOMINIUMS:

The average price for a condominium (condo) in the Toronto Area was $778,428 in May, down 2% over last year.
Condo sales in May were up 39% over last year. The number of active condo listings was down 12% over last year. The MOI remained flat at 1.6 MOI in May, indicating that supply is slightly less constrained for condos than for houses, which makes sense given there is slightly less of an imbalance in listings and demand for condos.