Toronto Real Estate Market Update – August 2014

Metaphorically speaking the Toronto residential resale market took a bit of breather in August. The numbers weren’t bad, but they were not as robust on a year-over-year comparison. Throughout 2014 the monthly positive variances compared to the same month last year have been strong, often approaching or exceeding double digits. This August the variance compared to August 2013 was only 2.8 percent, the lowest positive variance we have seen this year. In absolute numbers, August saw 7,600 residential resales. That compares to 7,391 a year ago.

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Property Voyeur: A modernized, century-old schoolhouse with stunning architectural detail just 35 minutes from Toronto

This unique character home was on the property in 1951 from the logs of an authentic 1887 Muskoka schoolhouse. The original owners arranged to have the schoolhouse and outbuilding disassembled log by log and rebuilt it in its exact footprint. They used the 15’ x 28’ log home as a weekend retreat until 1971 when they contracted B. Napier Simpson to design a large addition for them. The attention to detail and exacting standards of B. Napier Simpson is revealed throughout the sprawling addition. Although the home offers all of the conveniences and features of a modern home, the integrity of the architecture has not been compromised which is essential for the “purist” seeking a home or country retreat that speaks “authenticity” to your well-tuned ear.

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Announcing our newest Chestnut Park office and our growing team of agents!

Chris Kapches, President and CEO, is pleased to announce the opening of Chestnut Park’s Port Credit office. Donna Brookes, long respected and successful Broker of Bayshore Realty and her team of sale professionals have joined Chestnut Park. Chestnut Park will provide her team’s clients with added market exposure, a larger client base and the market penetration that Chestnut Park is known for. We welcome the following Bayshore agents to Chestnut Park, some of whom will be working from our Toronto office.

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In the Nude | Taupes and Blushy Pinks

Nude might be the new black, despite what we’re hearing about orange. Though there’s a wide spectrum of shades that qualify as nude (see The Nudes Collection by Christian Louboutin – launched last fall and encompasses 5 “flavours” complete with an iPhone app to help you determine the right one for your gams), most of us think of pale taupes and blush pink. Soft and flattering, nude is a gorgeous wall colour, a cozy sofa or a delicious accent. Highlighted with textures like sheepskins or cool, sleek metallic finishes, nude can warm a white room like nothing else. Here’s one situation where sunscreen need not apply…

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Property Voyeur: A charming Victorian with income potential in the heart of Kensington Market

Located in the vibrant hustle and bustle of Kensington Market in downtown Toronto, this classic Victorian home has been recently restored and updated (in the past 8 years) with new oak hardwood floors throughout. Boasting a perennial urban garden, a walkout to deck, and overlooking Bellevue Square Park. This charming property can be configured as a single family home with basement apartment or three separate suites, each with kitchen and bathroom (zoned for commercial and residential). Copper plumbing, new windows, updated wiring, high efficiency furnace (5 years), and new roof (2 years).

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Thinking of selling your home? 5 signs that tell you it’s time

Selling a home is a decision that people rarely make lightly. In fact, many home buyers and sellers do an average of about 18 months of research and contemplating before taking an active step in their next real estate transaction. If you are part of this group that is contemplating the sale of your current home, the subject has likely been rolling around in your mind for the past few months. Ask yourself the following questions to gain some clarity and let you know if the time has come to put your home on the market. And if you find the answer is a resounding ‘yes!’, don’t hesitate to contact a local Chestnut Park Agent to assist in this major step!

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Chestnut Park Open Houses

Chestnut Park Open Houses: August 30 & 31

House hunting? Here’s a quick list of the open houses we have on the go this weekend. Happy hunting!

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