Wednesday, April 4, 2012

March Toronto Real Estate Report

Greater Toronto REALTORS® reported 9,690 sales through the TorontoMLS System in March 2012. This result was up by almost eight per cent in comparison to the 8,986 deals reported during the same period in 2011.
The market is very active right now. Affordability in my opinion is the key element which is driving the market. With interest rates at an all time low it is an ideal time to get into the market. We are experiencing a shortgage of inventory which is causing many of the listings currently on the market to sell for the asking price or more. Most of the listings which are priced well are selling in less than 10 days and for an average of 100% of asking or more. This has led to strong annual price growth well above the long-term average.
The average selling price in the GTA was $504,117 in March – up by 10.5 per cent in comparison to March 2011.
The number of new listings was up last month in comparison to March 2011. However, based on the historic relationship between price and listings, the GTA resale market should be better supplied. If competition between buyers remains as strong as it is right now, we will almost certainly see an average selling price above $500,000 for 2012 as a whole.

Tuesday, April 3, 2012

Toronto Beaches Easter Parade

Egg-citement is building again for chocolate and this years annual Toronto Beaches Lions Easter Parade.
Grab the whole family and head down early to your favorite spot along Queen St. East for the Toronto Beaches Lions Annual Easter Parade held on Sunday April 8 from 2 to 4 pm. The parade route hops from Neville Park West along Queen Street to Woodbine.
Parking is sparse in the Beach on a regular day. On parade day, leave the car at home or some distance west of Woodbine or north of Queen. From downtown Toronto, take streetcar 501 east or the Main 64 South bus from Main subway station.
A full road closure will take place on Queen Street East and parts of Nursewood Road, and Woodbine Avenue/Lakeshore Boulevard East. A number of secondary roads will also be closed or partially closed, affecting traffic flow in the area.
Road closures 10 a.m.-noon:
Queen Street East (partial road) from Munro Park Avenue to Fallingbrook Road
Noon-1:30 p.m:
Queen Street East (full road) from Munro Park Avenue to Fallingbrook Road,
Nursewood Road (full road) from Queen Street East to 24 Nursewood Road
1:30 p.m.-4:30 p.m:
Queen Street East (full road) from Woodbine Avenue to Fallingbrook Road
2 p.m.-4:30 p.m:
Woodbine Avenue (full road) from Queen Street East to Lakeshore Boulevard East
Lakeshore Boulevard East (full road) from Coxwell Avenue to Woodbine Avenue
The TTC will be re-routing buses during the event. This event will take place regardless of weather conditions. Members of the public should anticipate significant traffic delays.
The Beaches Lions Club have been holding this tradition since 1966 and now the festivities are better than ever. The 2011 parade had over 100 floats and 10 marching bands for all the viewers to enjoy so be sure not to miss this years exciting festivities!
Tell us how you enjoy the Easter Parade, share your tips & tricks for a fun filled afternoon with the kids?