Statistics courtesy of Toronto Real Estate Board The March 2016 release of Toronto Real Estate Market Report reflects the average prices for four major home types in the 416 and 905 areas - detached homes, semi-detached homes, townhouses and condo apartments. The above is a quick snapshot of the macro average across Toronto for the different typologies. The average price for a detached home in the 416 area [Toronto West, Toronto Central and Toronto East] is over $1 million. followed by semi-detached homes and townhouses. However, it's interesting to see that condos and townhouses have a much higher price momentum under the year-to-year percentage change in the 416 areas due to supply and dem

The lack of newer three bedroom family sized homes in urban Toronto continue to push prices upward in the freehold property sector due to the imbalance of supply and demand, and hardly any new family sized homes are being built. The average price gap from a condo to a detached home is growing wider since there is a finite amount of land in the Central areas when condo dwellers need to source bigger spaces to raise a family. In the past 5 years, we are increasingly noticing more infill redevelopments in Toronto neighbourhoods that were once saturated with 20th century bungalows, turn down or topped up being replaced by 2 storey homes. At the edge of the city core where old suburbs like Eas

What You Should Know About Easements When Buying or Selling a Freehold Property? An easement has been defined as a right that one entity has over the land of another. This can be the right to do something on the other's land or the right to prevent the land owner from using land in a certain way. This might be a mundane topic, but one that is important to highlight if you are entering the freehold real estate market. Minor easements are common and make up less than five to seven percent of a property usually found on the front, side or rear of a property. It's sometimes known as a maintenance easement. They may include spaces made accessible to utility companies to complete repairs to their

I have always had the affinity for visual art, and the Power Plant Art Gallery down at Harbourfront has always been one of my favorite galleries to visit in Toronto. Admission is currently free until the end of the year. There is currently an exhibition I particularly enjoyed by Mexican artist Carlos Amorales called Black Cloud. The piece is a display of 30,000 paper moths of 36 life-size cut outs individually hand glued to the walls of the gallery's celerstorey as a statement of climate change from post-industrialization where the new type of black moths emerged from mining and coal burning industries. The variation of the same theme has been installed in different galleries all over the wo

Design and innovation not only can add value to real estate when it comes time to resell, the value of an architect designed home goes beyond the number of bedrooms, washrooms on paper. Hiring an architect to renovate your own home instead of paying a premium to buy someone else's renovation not only adds value when you sell, you will also get the personal enjoyment out of living in it. With Toronto's surging real estate prices, homebuyers are faced with a big price jump in the urban areas from semi-detached and row homes to detached homes. Semi-detached and row homes starts close to $700k and up, and detached homes are starting at over $1m in urban Toronto areas. If you desire to live in a