FEATURED PROPERTY:  20 TAYLORWOOD DRIVE
                                          
(Image: Rob Holowka, Birdhouse Media)
MARKET COMMENTARY   |   FEBRUARY 2018
It has been a slow start to 2018 as buyers and sellers adjust to new lending guidelines which took effect in the New Year. The 4,019 total sales represent a 22% drop from last January, while the 8,585 new listings were up 17.4% over the same time period. Both represent the ninth lowest total in their category over the past decade.
 
The average sales price of $736,783 is down 4.1% year-over-year, due in part to a decline in the sales of single-detached homes, -26% year-over-year. Although sales fell for all major housing categories, single detached was the only sector with a lower average sales price in the 416, down 3.9% in Toronto and 9.1% across the GTA year-over-year. The MLS Home Price Index (HPI) Composite Benchmark shows the value of detached homes virtually unchanged from last January (+0.25%). This suggests the drop in the average sales price for detached homes is due to a decline in the total sales of more expensive residences.

Though sales of condominium apartments also fell year-over-year (-22%), the average price of condos was up 14.6% from last January. The HPI for condo apartments was up 20%, suggesting that buyers are purchasing more modestly priced units. It is likely investors are playing some role in the acquisition of smaller condos. At the end of 2017, rental vacancy in the condo market was 0.7%, while inflation for one-bedroom apartments was at 10.9%.
 
The Toronto Real Estate Board’s forecast for 2018 predicts a slow start for 2018 as the impact of Ontario’s Fair Housing Plan wanes, and the market adjusts to the new OSFI mandated stress tests for mortgage approvals. At their recent Economic Summit, TREB economists pointed to strong fundamentals (high immigration, low unemployment) as drivers of demand, but conceded that affordability would continue to impact many people, particularly the first-time buyer.
SOURCED FROM TREB JANUARY 2018 FOR CENTRAL TORONTO. FOR STATISTICAL USE ONLY.
 

SHE SHOOTS
SHE SCORES


In conversation with Hayley Wickenheiser

BY JEREMY FINKELSTEIN
The Olympic Games represent the pinnacle of athletic competition, putting the world’s greatest athletes centre stage for a 16-day spectacle unmatched by any other international competition. This February, PyeongChang, South Korea will host the 23rd Winter Games, and for the first time since 1994, Canada’s Hayley Wickenheiser will find herself enjoying the experience just like the rest of us...as a spectator.

With four gold medals and a silver in five Olympic appearances playing for Canada’s National Women’s Hockey Team, she is one of the most decorated athletes of all time and widely considered the world’s best female hockey player. In 2017, with an all-but-certain sixth medal on the horizon, Wickenheiser decided to hang up her skates to pursue other interests. To no one’s surprise, she’s tackling post-hockey life with the same ‘raise the bar’ gusto that defined her playing career.  Her company, Wick Hockey, is working to expand the game of hockey internationally, while her annual charitable tournament, WickFest, brings girls from around the world to Calgary to participate in a tournament and a series of workshops and clinics. Off the ice, she will be pursuing a medical degree, and she sits on the advisory board for Highmark Interactive, a tech company creating programs to assist in concussion recovery.

The Collection sat down with the future hall-of-famer to talk WickFest, the Olympic Games, and the evolution of women’s hockey.
READ MORE...
 
 
Love is in the air!  Valentine's Day is just around the corner so celebrate the most romantic day of the year with some of the most unique options Toronto has to offer this year. 
 
WHAT'S HAPPENING
FEBRUARY 2018


FEB 5-7
TORONTO FASHION WEEK
The spotlight shines on fashion, art and culture in Yorkville Village.

FEB 16-25
CANADIAN INTERNATIONAL AUTO SHOW
See the latest in automotive innovation and style with over 600,000 square feet of dazzling displays and exhibits.

FEB 16-19
THE GTA HOME & RENO SHOW
Over 300 of the GTA's finest contractors, suppliers and design experts on hand at the International Centre.  Kick-start your next home project under one roof.

FEB 19-APR 1
WINTER STATIONS
This international design competition brings temporary art installations to the Beaches to celebrate Toronto's winter waterfront landscape.
 
#1 Independent Brokerage in Toronto*
*Dollar value of all MLS listings sold (source: IMS 2017)
Over $2.92 billion in sales volume, 2017

 
OFFICES
CENTRAL 2145 Avenue Road, Toronto
MIDTOWN 532 Eglinton Avenue West, Toronto
BLOOR WEST 2316 Bloor Street West, Toronto
MUSKOKA 1A Lee Valley Drive #6, Port Carling
 
At Harvey Kalles Real Estate, we appreciate that real estate is about so much more than the bricks and mortar that make up our houses. It’s also about the neighbourhoods within which we live, the outdoor spaces we enjoy, the cultural centres we visit, the service providers we rely upon, and the heritage we preserve.

To help celebrate our diverse and dynamic community, we are proud to bring you THE COLLECTION by Harvey Kalles Real Estate. With an editorial lineup that regularly shines a light on the cultural centres, interest groups, entrepreneurs and personalities that make Greater Toronto such a dynamic region, every member of the family is certain to discover something to entertain and captivate their imagination.

For advertising and editorial inquiries, contact Jeremy Finkelstein, Managing Editor: jeremy@harveykalles.com / 416.441.2888 x.783