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All these Toronto malls could be getting redeveloped

by Helena Sedlak· August 24, 2017· in Buying, Houses, People, Places· 0 comments tags: bully offers, buying real estate, condominium, downsizing, downtown, financial incentives, first-time buyers, land transfer tax, mortgage, new construction, new homes, places, preconstruction, selling, tax, toronto
A redevelopment deluge is hitting shopping mall properties across Toronto not only because of rising land values but also the threat online retailers are posing to bottom lines, an industry expert suggests. “I think that one of the big redevelopment waves right now are shopping centres,” Craig Patterson, founder and editor-in-chief of Retail Insider, an online trade publication, tells BuzzBuzzNews. “As real estate prices have gone up and developable land has become less available, I’m seeing shopping centre landlords looking at their shopping centre real estate as being prime land for intensification,” he adds. BuzzBuzzNews has identified eight Toronto shopping mall sites currently slated for such intensification, and that total doesn’t include properties in the nearby surrounding GTA, such as the Promenade Mall. SEE ALSO: Application for 7 mixed-use towers submitted to Vaughan for site beside Promenade Mall, north of Toronto Patterson says malls are a “gold mine” for redevelopment because of the GTA’s level of population growth as well as the fact that they are so often sitting on large, well-located sites to begin with. “Cadillac Fairview, Oxford, Ivanhoe Cambridge: these landlords are already getting in on the residential game — or they’re partnering with residential developers,” says Patterson. “A natural […]
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9 stats you should know about Toronto’s housing market in July 2017

by Helena Sedlak· August 22, 2017· in Buying, Houses, People, Places, Uncategorized· 0 comments
  1. There were 5,921 homes sold in the GTA in July 2017, down from 9,929 sales recorded in July 2016, a record amount for the month. 2. According to TREB historical data for the month, July 2017’s total was also considerably lower than any July in the last 5 years. TREB recorded 9,880 sales in July 2015, 9,198 sales in July 2014, 8,544 sales in July 2013 and 7,570 sales in July 2012. 3. There were 556 detached homes sold in the City of Toronto, also known as the 416 region, in July. That’s down 41.7% from the previous year. 4. The average sales price of a detached home in the 416 from continuing its upward march. The average detached home price was $1,304,288, up 8.5 per cent from July 2016. 5. However, the rate at which prices increased slowed markedly from previous months. For instance, between July 2015 and July 2016, the average detached home sales price in the 416 saw a 20.7 per cent increase. 6. While all housing types (detached, semi-detached, condo apartment and townhouse) saw significant year-over-year sales declines, price increases remained robust for condo apartments and townhouses. Average condo apartment prices rose 24.6 per […]
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Helena Sedlak

Helena Sedlak

Sales Representative

Royal LePage Real Estate Services Ltd.,
Brokerage
3031 Bloor Street West,
Toronto, ON M8X 1C5
Telephone: 416-236-1871
Cell: 416-821-6964 | Send SMS
Fax: 416-239-5394
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Royal LePage Real Estate Services Ltd., Brokerage


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