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Toronto Real Estate Prices

The Globe and Mail July 27th Article sheds some light on the Toronto Real Estate Prices, but it may also be quite a bit confusing.

 

In West Queen West which I consider to encompass areas from Bathurst to Dufferin and Queen to as high North as Harbord and in some cases Bloor Street West, home values are as much a product of possible rents as they are of demand for the area.

Rents in the West Queen West corridor are acting like a hedge against potential market downturn.  Very similar to a hedge against inflation as described in Canadian Business News.  So buyers here are not as panicky as those in other parts of Toronto where the neighbourhoods may be geared mostly to single family residents, mature developments and where prices have naturally taken a breather.  Afterall, if markets do correct, or drop significantly, owners in places like Little Portugal, Palmerston, Little Italy, Trinity Bellwoods can always count on some of the highest rents in the GTA per square foot.

 

87 Markham Street Little Italy - West Queen West
Yan Gurevich – Sales Representative

Yan high fives his client in Trinity Bellwoods at 87 Markham Street where the house fetched 18% over asking in June 2017 amidst the fear of market slowdown.

 

 

 

 

TRENDS HERE ARE UNLIKE ANYWHERE ELSE:

West Queen West is already the destination for hipsters, professionals, actors, athletes and entrepreneurs.   Add to that …the Downsizes.  Yup, your mom and dad are moving in.  Still concerned about Toronto Real Estate Prices?  Mom and dad will help stabilize these prices for you.

After all, they are the ones who tend to be handing out the large deposits and the renovation cash to many of the new buyers in this area.  So now they want some of this great Food, Entertainment, lifestyle and proximity to all that’s fun in Toronto.

New Local Buyer:   “I may be retired, but I have  long way to go before I’m old.  I still have a lot of good times ahead of me, so why should i move to some retirement community.”  

I want to live close to the action, and where my kids like to hang out.  If I’m down where they want to live, I will see them more often and they can always drop off my grand kids, whom I wouldn’t otherwise get to see if I moved farther away”.

 

 

 

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TRINITY BELLWOODS – PROFILE

Trinity Bellwoods

What makes this inner-city neighbourhood prime real estate is that you would be in walking distance to the very picturesque Trinity-Bellwoods Park, which spans the entire length of the neighbourhood. It is located from Gore Vale Ave to Shaw Street and between Queen Street West and Dundas Street West. The park features a paved walking path, a large dog park, Trinity Community Recreation Centre and Pool, and large outdoor play park for children. It was originally build around the former Garrison Creek. The entire neighborhood is located from Bathurst Street to Dovercourt Rd and from Queen Street West to College Street and continues into Little Portugal.

During the summer months the community centre offers summer kids programs and there is also an outdoor wading pool for younger children that is monitored by life guards provided by the city. Also included in the park are tennis courts, a playground, a hockey rink, a grove, a range of picnic tables, and a greenhouse.

In addition to Trinity-Bellwoods Park, this neighbourhood also features affordable Victorian houses, new condominiums and townhomes for sale. The neighborhood offers excellent shopping, hip bars, coffee shops and convenient access to major TTC transportation routes for pedestrians and easy access to the highway right down Strachan Ave for motorists.

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WEST QUEEN WEST – PROFILE

West Queen West

This hip artistic area is located along Queen Street West, between Bathurst Street and Gladstone Avenue. West Queen West is also known as the art and design district. Over the past twenty-five years, West Queen West has become an international arts centre, and a major tourist attraction in Toronto, it’s no wonder this neighbourhood was named by Vogue magazine as one of the coolest neighbourhoods in the world.

 

The area is also home to beautiful Trinity-Bellwoods Park. There you’ll find a mix of people enjoying the large outdoor space filled with old trees, a baseball diamond, Trinity Community Recreation Centre and a dog bowl for the neighborhood dogs. Movie nights, art festivals and organized drum circles keep the park constantly buzzing with activity.

Nearly every storefront on the north side of Queen Street West is either a gallery, bar, or restaurant. The south side of the street is largely taken up by the buildings and grounds of the former Queen Street Mental Health Centre, now part of CAMH. The concentration of these unique restaurants, boutiques, and art galleries in Toronto make West Queen West a vibrant, dynamic neighbourhood to call home and makes it an choice to look for a house, condo and townhouses for sale.

The area is on the top of the list when it comes to prime real estate in Toronto. It welcomes culture and creativity along with the perfect mix of original fashions, antiques, cafes.

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254 Shaw Street – Trinity Bellwoods




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87 Markham Street – Reimagine West Queen West