Our Newsletter June 2018

MARKET COMMENTARY | JUNE 2018

The Toronto Real Estate Board has released the sales data for May 2018, and although total sales were down 22% year-over-year, we continue to see stability in the market and a sustained, upward trajectory in housing values in the Greater Toronto Area.

At $805,320, the average sales price represents a sixth consecutive month of rising prices, and the highest combined average sales price since May 2017. At $1,045,553, the average price of detached homes was its highest since June 2017, while at $1,426,094, detached homes in the 416 were at their highest average price since May of last year.

READ MORE . . .

SOURCED FROM TREB MAY 2018 FOR CENTRAL TORONTO. FOR STATISTICAL USE ONLY.

THE NEW MUSKOKA BUYER

We are seeing a change in some of the buyers that are coming to Muskoka to search for their new cottage. The “New Muskoka Buyers” have flooded the market looking for newer structures with no work and limited maintenance. The summer season is short, and so cottage owners are want to purchase and begin to relax and enjoy their new purchase immediately. They want to invite friends and family for dinner parties and cocktails on the dock. Those buyers are not willing to consider anything that needs work or cottages that do not present that “WOW” factor.

Properties that are new and complete, with modern white and bright design features, are selling at a premium and typically within the first week of being listed. The above photo is a property that was listed unfinished at the end of September 2017 for two months. It then sold in April 2018 as a finished move-in ready, year round cottage with cool and bright interior colours and modern style.

OUTDOOR OASIS

6 Tips to Create the Ultimate Outdoor Kitchen

BY ARLENE CAPLAN, Caplan's Appliances

As the warmer weather approaches, we find ourselves spending more time outdoors with family and friends. Sharing amazing meals often plays an important part in these memorable moments, so if you are dreaming of the ultimate backyard oasis, an outdoor kitchen is the perfect solution. Here are some important tips to keep in mind when designing your outdoor kitchen space. Most importantly, remember that your outdoor kitchen is an extension of your indoor space. Let it complement the style of your home and create a space that is ideal as an outdoor retreat for family and friends.

WHAT'S HAPPENING
JUNE 2018

TORONTO PRIDE
JUNE 1 – 24
One of the largest Pridecelebrations in the world, Toronto Pride includes a special Family Pride program and the famous Pride Parade.

LUMINATO
JUNE 14 – 25
The Luminato Festival transforms theatres, parks and public spaces across the city and creates a home for artists to play, share and create.

THE TD TORONTO JAZZ FESTIVAL
JUNE 22 – JULY 1
Discover the sounds of the world’s greatest jazz musicians from the quaint and most intimate of venues to large concert halls.

TASTE OF TORONTO
JUNE 23 – 26
Taste of Toronto, at Fort York, is for everyone who loves great food and drink! Excite your taste buds
with global flavours, and over 70 delicious dishes to choose from!

#1 Independent Brokerage in Toronto*

416.441.2888
www.harveykalles.com | info@harveykalles.com

*Dollar value of all MLS listings sold (source: IMS 2017)
Almost $2.9 billion in sales volume, 2017

OFFICES

CENTRAL  2145 Avenue Road, Toronto
YORKVILLE 113 Davenport Road, Toronto
MIDTOWN  532 Eglinton Avenue West, Toronto
BLOOR WEST 2316 Bloor Street West, Toronto
MUSKOKA  1A Lee Valley Drive #6, Port Carling
LAKE OF BAYS  13 Minerva Street East, Hunstville

CLICK HERE TO SEE OUR CURRENT LISTINGS

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

Our Newsletter June 2018

About

Jeffrey Joseph

Broker