DCT Newsletter August 2022

DCT Newsletter August 2022

  • Doorey Chu Team
  • 08/30/22

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Your Chance to win premium Toronto Film Festival Tickets!
We love to walk Toronto neighbourhoods, particularly in the summer when the city is in bloom. For your chance to win tickets to LOST KING at ROYAL ALEXANDRA THEATRE Friday, September 9th at 5:30 simply guess from the picture above which neighbourhood this festival of flowers resides. *
It isn't totally surprising that the summer real estate market took a back seat to patios, docks and a return to vacation travel. September will be more indicative of what to expect going forward. News that a September rate hike is the last in this cycle is as welcoming as rate hike news can get.
Active listings in the GTA are up 57.6% Year over Year. We have 3 months of inventory compared to last summer when scarcely 1 month of inventory pushed prices skyward. From March to July 2022 there were 3,246 fewer offers registered compared to the market mania of March through July 2021. We are now in an even market giving buyers and sellers a better chance to negotiate a fair trade.
The rental market however is the opposite with 30% fewer listings. Return to work and school has increased competition and pushed rents 20 - 25% higher than last year. We had 16 offers on one of our leases this week! This incredibly tight rental market could encourage investors back into the market and prompt renters to reconsider purchasing even with higher borrowing costs.
Detached homes and condominium sales in Toronto are down 45%. The average price and sales stats listed below really need to be looked at individually for each neighbourhood pocket. We can provide you with factual information specific to your home and street with a complimentary evaluation to help you decide if moving now is your best option.
We've included our fabulous Yorkville listing and cool two storey loft, a funky shipping container house and Tips on how to settle into a new home for you to view. Team member Lisa Marie has posted her first shout-out to help homeless Youth through Covenant House. Please consider sponsoring this great cause.
Have a Happy Labour Day Long Weekend,
Linda, Lisa Marie, Lori and Cherry
Linda Chu and Lisa Marie Doorey received their Legacy of Excellence Award this month from Sotheby's International Realty Canada.
Welcome to Yorkville Walking Heaven
Boutique hotel-style elegance in Yorkville Victorian four bedroom home with Private Lush Garden steps to designer shops and haute cuisine!
3700 square feet of refined living with an entertainers' kitchen, gorgeous dining room overlooking the garden, spacious bedrooms, and elegant spa bathrooms. Separate entrance to fully finished lower level with gym.
A private paradise on one of the best streets in Toronto.
List price $5,300,000
Extraordinary Two Storey Loft With Fireplace
You are going to love this loft!
One bedroom and den with a two-storey warehouse window, a gas fireplace, renovated kitchen and bathrooms, stacked-stone feature wall, new floors, custom closets, and two balconies.
Pet-friendly boutique building with gated gardens walking distance to Cabbagetown and Rosedale parks, Church, Yonge and Bloor Streets, two subways, shops, restaurants and easy access to D.V.P. and Gardiner.
List Price $768,000
Putting Down Roots | How To Settle Into A New Home
There’s a difference between a house and a home. It can take time to personalize the interior of a new house with your own sense of style and décor, making..
Sleeping Out to Support Homeless Youth
Youth without a safe place to call home is a dangerous, heartbreaking and desperate situation. Covenant House opens its doors to homeless youth with a warm bed, a hot meal and a chance for a better future. Their services to care for and educate youth give them a chance for a stable future.
On November 17th, Lisa Marie will give up her bed to sleep on the street.
Stacked shipping containers put the squeeze on architectural enlightenment.
Sothebys International Property Journey
Whether we are marketing a $500,000 or a $5,000,000 home, the Doorey Chu Team will provide you with the largest scope of Sothebys' International Realty marketing reach plus a professional report with your property results.
Language and Currency preferences are yours to choose
on our Sothebys' International Listings Link
1867 Yonge Street, Suite 100, Toronto, Ontario, M4S 1Y5
* TIFF tickets for clients only. Thank you agent friends for declining.
*Broker **Sales Representative
© 2022 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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