May 2024 Real Estate Review

May 2024 Real Estate Review

  • Doorey Chu Team
  • June 5, 2024
Doorey Chu Team
CABBAGETOWN IN BLOOM
Red-brick Victorian home with ornate gables and a lush, flower-filled front garden.
 
During a Cabbagetown open house this weekend, conversations focused more on purchasing than decorating. However, many buyers are waiting on the sidelines for a break in interest rates before making an offer.
 
In April, new listings rose by 47.2 percent, accounting for the flourish of signs on lawns in many neighborhoods. The Toronto Real Estate Board reported 7,114 sales, marking a five percent decrease from April 2023.
 
"Buyers in the GTA enjoyed more options in April, which kept selling prices relatively stable year-over-year. Looking ahead, we expect lower borrowing costs to tighten market conditions, leading to price growth, especially as we approach 2025," said TRREB Chief Market Analyst Jason Mercer.
 
The proposed Capital Gains Tax increase has prompted many owners of secondary properties to consider selling before June 25th. We've included a calculation to help you understand how it may impact you.
 
For a more in-depth conversation on your neighbourhood market sales, tax changes, or buying or selling a home, we'd welcome the opportunity to help you.
 
May Real Estate Review includes:
  • TRREB Greater Toronto Area (GTA) Stats
  • Why We Love Cabbagetown
  • Fabulous New Cabbagetown Listings
  • Proposed Capital Gains Tax Calculation
  • 20 Best Garden Annuals For Your Garden
With warmth,
Lisa Marie, Linda, Lori and Cherry
April GTA/Toronto Stats
Toronto skyline, including the CN Tower, rises above a leafy green park.
WHY WE LOVE CABBAGETOWN
Families gather around Riverdale Park West’s splash pad beneath a dense canopy of summer trees.
If you’re looking for that “village” feel, without losing any of the amenities in the downtown core very few neighbourhoods offer this historic yet quaint downtown escape. With blocks of virtually unbroken Victorian streetscapes lined with waist high black iron fences is the Riverdale Farm (a working farm in downtown Toronto!), Wellesley Park, and Riverdale Park with splash pool, baseball diamonds and fabulous toboggan hill! Within walking distance to Yonge, Bloor/Danforth, TTC.
CABBAGETOWN HOMES FOR SALE
Red-brick Cabbagetown townhouse with bay windows, a yellow picket fence, and a spring front garden.

$1,599,000

18 GENEVA AVE, TORONTO

4
Bedrooms		 2
Baths		 -
Sq Ft.
Request A Private Showing
Red-brick home entrance with an arched entry, black door, front steps, and flowering shrubs.

$2,279,000

385 Wellesley St E, Toronto

4
Bedrooms		 3
Baths		 -
Sq Ft.
Request A Private Showing
Red-brick Victorian-style house with steep gables, a balcony, and leafy trees.

$1,685,000

9 Amelia St, Toronto

4
Bedrooms		 3
Baths		 2,400
Sq Ft.
Request A Private Showing
Red-brick townhouses with arched entrances and a stone walkway bordered by lush front gardens.

$2,099,000

328 WELLESLEY ST E, TORONTO

5
Bedrooms		 3
Baths		 -
Sq Ft.
Request A Private Showing
JUST SOLD
FOREST HILL TRIPLEX
Congratulations to our Sellers and New Owners
 
Contact us for information on
Duplex and Triplex Opportunities
Coming to Market Soon
White two-story house with black trim, a bay window, and mature trees in front.
DOWNTOWN LEASES
Open-plan condo living room and kitchen with striped wood cabinetry and high-rise buildings visible through large windows.
88 Scott 1701 - $2,500
1+1 Bed 1 Bath
Stylish 1 +1 Bedroom WIth Panoramic City Views In Luxury Residence with Fabulous Amenities. Where Financial District Meets Historic St Lawrence Market/Berkzy Park. Urban Living with 100 Walkscore To The Heart of The City. Private Balcony West Exposure And Floor To Ceiling Windows.
Staged condo living room with geometric wall art and sliding doors to a balcony.
75 Dalhousie 606 - $2,975
2 Bed 1 Bath 1 Parking
Wide 2 bedroom end unit in downtown core overlooking lovely inner city park. Quiet well maintained building close to great food, shopping, & entertainment. Walk to Eaton Center, Dundas Square, St Lawrence Market, Yonge Street, St Michael's hospital & cathedral, financial district
Click Photos above for more Information
Proposed Capital Tax Gain Unsettles Cottagers and Investors
Furnished lakeside deck with outdoor dining set beneath a shade canopy.
20 BEST GARDEN ANNUALS TO PLANT THIS SPRING
Bright pink, orange, and yellow flowers fill a garden bed among green leaves.
The Doorey Chu Team has a vast network of relationships with local and international agents who can assist you with buying or selling your property worldwide. Sotheby's International Realty listings on the link below can help you view homes in multiple languages and currencies.
Global real estate infographic showing $204 billion in sales, 79 countries, and 1,000 offices.
Doorey Chu Teamprovides local and international marketing on every listing regardless of price.
Call us for your confidential complimentary home appraisal.
LET'S BE FRIENDS! PLEASE JOIN US ON SOCIAL!
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Doorey Chu Team banner with agent names, a “Meet the Team” button, and phone number 416.960.9995.
1867Yonge Street, Suite 100,Toronto,Ontario,M4S 1Y5
*Broker **Sales Representative
© 2024 Sotheby’s International Realty Canada, Brokerage. Independently Owned & Operated. All rights reserved. Sotheby’s International Realty® and the Sotheby’s International Realty Logo are service marks licensed to Sotheby’s International Realty Affiliates LLC and used with permission. E&O.E: This information is from sources which is deemed reliable, but must be verified by prospective purchasers and may be subject to change or withdrawal. Not intended to solicit properties already under agreement.
 
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