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GTA MARKET WATCH 2015 FIGURES
Posted on Mon, 01 Feb 2016, 02:55:00 PM  in Toronto MLS Market Watch,  Finance,  Toronto Real Estate Update,  Toronto Neighborhoods,  Toronto
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REAL ESTATE MARKET WATCH - GREATER TORONTO FIGURES 2015

 

2015 has been a record year for its 101,299 sales in the Greater Toronto Area. It is the first time in our history that the sales number surpasses the 100,000 units mark. Strong annual sales increases were experienced for all major home types during the year. Consumer confidence where home ownership is viewed as a quality long term investment, coupled with a relatively strong regional economy and low borrowing costs are the key fundamentals for these outstanding figures. 

Last 10 Years GTA Average Price and Units Sold Alex Pino Realtor

 

December sales were the second highest recorded and show an increase of 527 sold units in comparison to 2014. The average selling price for 2015 increased by 9.8 per cent from $566,624 to $622,217. The demand is expected to stay very strong for 2016 as buyers remain upbeat on the purchase of ownership housing.

Average Prices and Units Sold 2015 GTA Alex Pino Realtor

Detailed reports of specific neighbourhoods are available on demand. Please contact Alex Pino, Broker if you would like to receive yours. 

 

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TOP 10 PLACES TO VISIT AT THE PAN AM ATHLETES' VILLAGE - CANARY DISTRICT
Posted on Tue, 07 Jul 2015, 10:16:26 PM  in Toronto Neighborhoods
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Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
1 Pan Am Village with the city skyline in the background
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor George Brown College

2 George Brown College

Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
3 The Cabin Lounge
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor YMCA
 4 YMCA
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
5 George Brown College 
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
6 Luxury Condo Building on Front Street East
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
7 Main public space in the centre of the Village that will remain for the future residents to enjoy
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
8 Canary District Condo Building in front of Corktown Common
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor Athlete residence
9 Athletes' Residence
Canary District Pan Am Village 2015 Toronto YourHomeInToronto Alex Pino Realtor
10 Block 3 - a mix of affordable condos and townhouses

 

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MEET THE SCULPTORS AT BLOOR YORKVILLE ICE FESTIVAL 2015
Posted on Sat, 21 Feb 2015, 07:38:57 PM  in Toronto Lifestyle,  Toronto Neighborhoods,  Toronto Parks,  Yorkville
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The Ice Festival in Yorkville is another way to celebrate the winter in our city. Stroll around the park and see the wonderful ice sculptures showcased by talented and experienced artists. It takes them only one hour per block of ice but they know what they are doing! New stores have recently opened, including Starbucks right on the park.

We need to bundle up due to the freezing temperatures that are reaching the ones in the moon. Toronto can get to -40C and the moon is only -54C so we are not that far apart!

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GREATER TORONTO AREA MARKET WATCH END OF YEAR 2014
Posted on Mon, 02 Feb 2015, 07:08:32 PM  in Toronto MLS Market Watch,  Finance,  Toronto Real Estate Update,  Toronto Neighborhoods
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The number of units sold in 2014 was the second highest in the past ten years reaching 92,867 after 2007 that reported 93,193 showing the great importance households have given to Real Estate as it is considered a great long time investment. During the past 10 an average of 86,250 units per year have been sold and the price has been increasing on an average of 6.0% yearly.

Market Watch GTA December 2014 YourHomeInToronto Alex Pino Realtor

The Year Average Price for the Greater Toronto Area had an 8.35% year increase from $523,036 in 2013 to $566,726 in 2014. There has been a shortage of listings for single family homes that resulted in higher prices for the overall available properties.

For 2015, banks are not seeing any changes in borrowing costs so consumers are expected to continue with the trend of investing in Real Estate. Condos are also estimated to continue its popular growth and areas such as Yonge & Eglinton and Yorkville are going to have a whole array of new offerings that are good for consumers who will have lots of choices to select and invest. Townhouses are still a norm on main arteries and are transforming neighbourhoods such as Little Italy.

Following the yearly trend, the beginning of the year started slow having a peak of sales and prices in May and October which are traditionally the highest months for transactions.

Market Watch GTA December 2014 YourHomeInToronto Alex Pino Realtor monthly figures 2014

 Detailed reports of specific neighbourhoods are available on demand. Please contact Alex Pino, Broker if you would like to receive yours.

 

NEW CONDO MARKET

Based on Urbanation Inc., a total of 21,605 new condominium apartments were sold across the Greater Toronto Area during 2014, representing the third best year after 2011 and 2007. A record 20,809 condo units were completed in 2014. These figures are extraordinary and keep Toronto on the world map as a destination for real estate investment
Urbanation Annual Sales New Condos Toronto 2014

 

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NUIT BLANCHE TORONTO - A DARK CELEBRATION OF THE ARTS
Posted on Sun, 05 Oct 2014, 08:41:50 PM  in Urban Transformation,  Toronto Lifestyle,  Toronto Neighborhoods,  Recreation,  Bay Street Corridor,  Yonge Street Corridor
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The celebration of the arts during a whole night, starting at 6:00 PM and going all the way to sunrise has created a level of energy in the downtown core of Toronto like no other event at this time of the evening.

Rivers of people, usually in groups, wander through the streets with great expectation to see the free installations of hundreds of contemporary artists in several disciplines, from painting, acting, music, photography, sculpture, etc. who transform the city for the public's delight or dislike.

Some places are just packed and there is little space to move or breath but the crowd continues chasing the next show like a pilgrimage of the arts.

Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor

Though there is a lot of information posted online and in print media, often times it is necessary to go and check it out in person as the description or the images shown may not really represent the true dimension of the exhibit. Extended projects can be seen for another week including night installations of artists playing with light, colours, forms and effects.

The Garden of Renova, designed by the Centre of the Arts and Design at George Brown College was made entirely of coloured toilet paper and attracted a huge amount of visitors who mixed and mingle in the curvaceous forms recreated in the space.

Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor

The CanAmerican Energy Arts Team showcased a set of two large oil barrels united by a pipeline representing the energy independence (or dependence) of the two nations. A fountain pumping black gold accompanied by a multimedia landscape exhibit intended to have a different communication approach to the public.

Ghosts of our former selves with visitors faces painted by the artists that glowed in the dark.

Dress rehearsal with shadow boxes displaying the innermost moments of musicians who perform solo offering an interesting contrast in the dark of the night. 

Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor
Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor

The human brain installation by influential Cuban artist Yoan Capote titled Open Mind, offers a space where visitors can walk underneath the metal labyrinth and interact with each other regardless of faith, culture or political beliefs.

Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor

Made in China featuring a facade made with articles produced in China in the middle of Chinatown is a colourful display that calls the attention of the passersby.

Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor
An extended installation at Fort York, allows visitors to feel treated like celebrities walking on the red carpet with the backdrop of the city.
Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor
Nuit Blanche 2014 YourHomeInToronto Your Home In Toronto Alex Pino Realtor

 

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TORONTO ARCHITECTURAL LANDSCAPE ENTERING THE 21st CENTURY
Posted on Thu, 10 Apr 2014, 02:53:40 PM  in Yonge Street Corridor,  Urban Transformation,  Toronto Real Estate Update,  Toronto Lifestyle,  Toronto Neighborhoods,  Yorkville,  The Annex
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WINDS OF CHANGE IN THE ARCHITECTURAL LANDSCAPE OF TORONTO

The process of planning, designing and building defined as Architecture is taking a world class approach in the country and the Greater Toronto Area residents have seen the benefit of unique cultural and residential landmarks representing works of art that are identifying the coming of age in the 21st century of this ancient practice.

Globalization is a word that is spreading in many realms involving architecture, where sought after firms are competing worldwide to showcase their interpretation of a new cosmopolitan world extending from Shanghai to Buenos Aires in amazing shapes like never seen before.

Locally we have also been impacted by the influx of foreign architects, whose vision have changed our urban landscape with striking elements and forms that have generated a lot of controversy in an environment often filled by monotony and lack of creativity. It is good to see how new structures have been built in several places changing their character and allowing us to enjoy a more diverse streetscape.

The waking up of this movement was done at the end of the last century, when Santiago Calatrava, the brilliant Spanish architect was hired for the pedestrian passage known as Brookfield Place linking Bay to Yonge St as well as the two TD Bank towers in the heart of country’s financial district. This monumental glass and steel masterpiece, covering 16,200 square feet with 85 feet height, allows public gatherings that take advantage from world-class art exhibits. Regardless of weather conditions, even if it is -40 or +38 degrees, snowy or rainy, this marvelous space could be utilized to its full potential throughout the year with the added value of having direct underground access to Union Station.

Brookfield Place Your Home In Toronto Alex Pino Realtor
Brookfield Place Your Home In Toronto Alex Pino Realtor
Daniel Libeskind approach to revitalize the Royal Ontario Museum is another bold interpretation of a public landmark in one of the most exclusive neighbourhoods in the city. The five intersecting volumes, reminiscent of crystals are dedicated to new art galleries, a space for public reflection, vertical circulation named the ‘stairs of wonders” and a restaurant. This is one of those things in life that you either love or hate without any middle point. It is indeed a structure away from any traditional approach to architecture with unconventional angles, sometimes hard to assimilate.
Royal Ontario Museum ROM Your Home In Toronto Alex Pino Realtor
The multicoloured checkerboard box suspended in the sky by elongated metal posts, looking like a gigantic flying eraser ready to land on top of the older main campus of the Ontario College of Art and Design (OCAD) was a courageous and brave statement from Will Alsop, an acclaimed British Architect for the Sharp Centre for Design. The elevated structure allowed for an open space connecting Grange Park with McCaul St, which has enhanced the quality of life in the area. The box on top, serves as a conventional layout where classrooms and offices take place.
Ontario College or Art and Design OCAD Your Home In Toronto YourHomeInToronto Alex Pino Reatlor
Mr. Libeskind was also awarded with a commission for a residential undertaking on top of the Sony Centre at Yonge and Front St. The L Tower named for its shape was an interesting mix of culture and residential living and the boot type of design he came up with, showcased his different approach to the way architecture is conceived today. Unfortunately due to political reasons the art centre that was supposed to be the lower part of the building was removed and the new design now has a triangular case configuration to host the building amenities.
The L Tower Daniel Libeskind YourHomeInToronto Your home in Toronto Alex Pino Realtor

Frank Gehry, the most famous globally recognized Canadian architect won the contest for the renovation and expansion of the Art Gallery of Ontario and contrary to his extraordinary designs in other places, in this case the exterior approach is more rational with an attractive sculptural cantilevered staircase protruding from a large titanium blue box that depending on the sunlight blends with the sky. The interior spaces are so interesting that need a full article on their own. There are two fantastic areas to explore where the architect introduced his entire artistic creativeness, one being the sculptural Walker’s Court wooden audacious staircase that brings you all the way up to the Contemporary Art section. The other is called Galleria Italia where beautifully curved wooden columns have turned into a fantastic geometrical pattern that could be seen inside out due to a dramatic glass envelope, extending 440 feet along Dundas St.

AGO Frank Gehry Starchitect Alex Pino Realtor YourHomeInToronto Your Home in Toronto Sothebys Realty AGO Frank Gehry Starchitect Staircase Alex Pino Realtor YourHomeInToronto Your Home in Toronto Sothebys Realty AGO Frank Gehry Starchitect Galleria Italia Alex Pino Realtor YourHomeInToronto Your Home in Toronto Sothebys Realty
Phillipe Starck, the globally renowned French architect was responsible for the creation of the interior design of the lobby and atrium at Seventy5 Portland, a building that has great character and is well recognized within the design industry. As some of his creations, Mr. Starck through his Yoo office designed a fabulous lobby similar to the ones in his New York hotels where selected pieces of furniture are showcased in an eclectic mix. An endless communal table starts in the lobby and travels throughout the Atrium where the residents mingle and enjoy a more cohesive lifestyle.
Phillipe Stark Toronto Yourhomeintoronto Your Home In Toronto Alex Pino Realtor
One project that makes heads turn is the Absolute Towers, dubbed as the Marilyn Monroe Buildings due to their curvaceous forms that twist 209 degrees from top to base. This international design competition for the tallest building in a suburban North American city had 92 submissions. A panel including architects, civic leaders, developers and the public awarded the design to Yansong Ma from MAD Office – China. The whole urban skyline has been really improved and the sculptural buildings are a pleasure to look at. The design involved here included additional intricate details as the floor plans change according to the rotation of the plate. The balconies create an eerie feeling of openness.
Absolute Towers Marylin Monroe Buildings Mississauga Starchitect Alex Pino Realtor Sothebys Realty Your Home In Toronto Absolute Towers Marylin Monroe Buildings Mississauga Starchitect Alex Pino Realtor Sothebys Realty Your Home In Toronto
We welcome the views of these international creators who in all the cases have teamed up with local talents and are reflecting in their fantastic work the changes of our society and show that we are also opening our doors to a kind of architecture more engaging, creative, courageous and versatile. We hope that if you still have not noticed them, this short article will give you a heads up so you can start participating of these accomplishments and will entice you to look after the ones already in the pipeline such as the Ryerson University Expansion by U.K. Will Aslop, Monde Condominiums by Israel-Canadian Moshe Safdie and a condo tower yet to be unveiled at the elegant Shops of Don Mills by Danish architect Barjke Ingels.
Ryerson University Your Home In Toronto Will Alsop yourhomeintoronto Alex Pino Realtor Ryerson University Your Home In Toronto Will Alsop yourhomeintoronto Alex Pino Realtor
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GREATER TORONTO AREA MARKET WATCH END OF YEAR 2013
Posted on Tue, 04 Feb 2014, 07:19:42 PM  in Toronto MLS Market Watch,  Toronto Real Estate Update,  Toronto Neighborhoods
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It seems this year the newscasts are on better terms with the Real Estate industry as the headlines are more positive. We are pleased to share the basic general figures of the Real Estate Market in the GTA as of December 2013.
Toronto Real Estate Update Market Watch December 2013 YourHomeInToronto your home in toronto Alex Pino Realtor Statistics
  •    Though at the beginning of the year the number of sales was lower, there was a strong number of sales from April to July, followed by a steady second semester. December had a steep 14% and the year ended with a total of $87,111 units sold.
  •    The Year Average Price for the Greater Toronto Area had a 5.21% year increase from $497,130 in 2012 to $523,036 in 2013.
  •    Every single neighbourhood is comprised of several sub pockets with their own data that should be analysed accordingly.
  •   For 2014, provided borrowing costs will remain affordable, we foresee a strong home ownership market. Boomers in established low rise residential neighbourhoods are staying home longer adding more pressure to the prices as there is limited land availability. The new residential norm all over the city is single homes are being converted to townhouse projects containing several units. As there is more employment being offered in the core of the city, condos will continue to lead the market numbers with strong presence in the subway corridors.

In the past 10 years there has been a steady increase in prices fluctuating in the 6.0% mark per year and a constant number or properties sold averaging 83,500 units.

Toronto Real Estate Update Market Watch December 2013 YourHomeInToronto your home in toronto Alex Pino Realtor Statistics

Please let us know if you would like to review a detailed report on your neighbourhood and we would be pleased to send it.

 

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