DCT Newsletter November 2022

DCT Newsletter November 2022

  • Doorey Chu Team
  • November 29, 2022

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Snow-covered urban sidewalk beneath heavily snow-laden trees, with brick buildings and iron railings.
October and November Fall colours highlighted how fortunate we are to live in such a lush city. Then, overnight we landed in a snow globe mode.
 
The Fall market has been a little more predictable. Toronto home sales for the last three months, although half of the year-over-year (Y/Y) pandemic sale volume, have remained relatively stable.
 
New listings are at the lowest level we have seen since 1991 indicating that sellers are sitting on their properties and watching, particularly in the condo market where record-high rental rates enticed investors to hold onto suites. Buyers with less buying power are waiting for well-priced properties. We've seen the return of 'offer dates' with low listing prices to attract buyers.
 
We are working with buyers that want to get their future settled by year-end. Non-Canadian buyers facing the two-year ban on foreign ownership will also want to purchase in this calendar year so we expect a sales push in the coming weeks.
 
Check out our newest listing at 1 Balmoral Avenue, a Parisian inspired bright corner suite with 2 bedrooms at Yonge and St. Clair.
 
Enjoy a little more Parisian escapism with a tour of a prestigious apartment in Paris's Triangle d'Or, along with a moving video of Noel W Anderson in his Bronx studio as he weaves black history into modern tapestry for his Paris debut.
 
Sotheby's Fall Luxury report is included along with an article on Linda and Lisa Marie in Top Agent Magazine.
 
Lisa Marie is sleeping on the street for Covenant House homeless youth tonight! Thank you for all who has supported her so far...and it's not too late to participate if you feel inspired.
 
If now is the right time for you to move call us today for a more in-depth market analysis.
 
Our best,
Lisa Marie, Linda, Lori and Cherry
Toronto Market October Year-Over-Year Sales Activity
TRREB monthly MLS sales chart compares 2019–2022, with 2022 sales shown through November.
Detached-home sales and average price statistics for October 2022, alongside a brick house with autumn foliage.
Semi-detached home sales infographic showing 201 sales and an average price of $1,219,812.
Townhome sales infographic: 185 sales, down 56.7%; average price $1,003,359, down 2.2%.
Toronto condo-apartment statistics: 888 sales, down 53.5%; average price $740,374, unchanged year over year.
Autumn residential street lined with mature trees, parked cars, and brick houses.
YORKVILLE CONTEMPORARY ELEGANCE
25 Berryman Street - New Price $4,895,000
Approximately 3700 s.f. of refined living on quiet historic street minutes walk to Yonge, Bloor Street haute couture, shops, restaurants, grocers, doctors, galleries, parks...city culture. Spectacular entertainers' garden.
Beige condominium building with rounded bay windows, arched upper windows, balconies, and ground-floor storefronts.
ICONIC PARISIAN ARCHITECTURE in MIDTOWN TORONTO
1 Balmoral Avenue, Suite 704
Bright spacious corner suite over 1200 s.f. with floor-to-ceiling windows and doors to Juliette balconies. Walk to Yonge, St. Clair West, and Summerhill shops in beautiful Deer Park neighbourhood.
REAL ESCAPISM in Paris
Ornate cream apartment building with curved balconies and wrought-iron railings.
REAL LIFE On The Street
Sleeping Out to Support Homeless Youth
Covenant House Sleep Out fundraising page
Lisa Marie is sleeping on the street tonight! It is not too late to help her support Covenant House in its aim to raise $1.2 million dollars to provide homeless youth with a warm bed, a hot meal and a chance for a better future.
Yorkville Listings
Cabbagetown Listings
SOMETHING SOTHEBYS in Paris
In the Studio with Noel W Anderson as he prepared for his exhibition in Paris entitled Electric Boogie, Help Us Find the Funk. This exhibition presents Anderson's signature woven images in an exploration of Black dance as a location of joy and release.
IN THE NEWS
Top Agent Magazine feature for Lisa Marie Doorey and Linda Chu, with their portrait and a modern dining room.
Sotheby's Fall Luxury Report
Top-Tier Real Estate: Fall 2022 State of Luxury Report
Modern bedroom with a wooden platform bed, built-in bookshelves, and floor-to-ceiling windows overlooking a deck.
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
Global real estate infographic showing $204 billion in sales, 79 countries, and 1,000 offices.
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1867 Yonge Street, Suite 100, Toronto, Ontario, M4S 1Y5
*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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