Monday, January 15, 2018

NEW LISTING! Store for lease on "South Bayview"!

Fantastic opportunity in Leaside / Davisville Village!  Approximately 800sf plus full basement in prime Bayview shopping district! Nestled amongst boutique shops, food stores and popular restaurants, bakeries & pastry shops! Delightful patio! Two parking spots included (tandem)! Well maintained building owned by the same family for 40+ years!

Visit www.bonniebyford.com/properties.html for more info!

Friday, January 5, 2018

Commercial/Office/Retail Spaces For Lease in Leaside & KoreaTown!

South Leaside Office Space For Lease

(Available for lease)  Approximately 675 s.f. for creative/professional/retail use in popular and well managed small commercial building at Bayview & Moore.  Bright south aspect!  Existing tenant has occupied the space for 15+ years!  Present layout includes 3 offices plus a kitchenette.  One outside parking spot included.  Other tenants include dentists, music studio, computer repairs and TV sales & service.  Super handy to downtown, TTC on the doorstep, grocery and pharmacy across the street!  No restaurants or food product use permitted.  Landlord willing to offer a new long term lease.

Commercial/retail space in KoreaTown! (Bloor & Christie)

(Available for lease) Wonderful opportunity! Approx. 950sf of retail space! Previous tenant occupied the space for approximately 20 years! Current layout provides reception area + 3 offices — tenant can renovate to suit their needs! Lower level with bright main floor entry! Steps to Christie Subway Station & Christie Pits Park! Incredible neighbourhood shops & restaurants along Bloor Street! Sorry no restaurants or food product businesses.


Visit www.bonniebyford.com/properties.html for more info!

MARKET WATCH: GTA REALTORS® Release December/Annual Stats

January 4, 2018 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 92,394 sales through TREB's MLS® System in 2017. This total was down 18.3 per cent compared to the record set in 2016.

Record sales in Q1 were followed by a decline in Q2 and Q3 after the Ontario Fair Housing Plan (FHP) was announced. The pace of sales picked up in Q4, as the impact of the FHP started to wane, and some buyers arguably brought forward their home purchase in response to the new OSFI stress test guidelines effective January 1, 2018.

"Much of the sales volatility in 2017 was brought about by government policy decisions. Research from TREB, the provincial government and Statistics Canada showed that foreign home buying was not a major driver of sales in the GTA. However, the Ontario Fair Housing Plan, which included a foreign buyer tax, had a marked psychological impact on the marketplace. Looking forward, government policy could continue to influence consumer behavior in 2018, as changes to federal mortgage lending guidelines come into effect," said Mr. Syrianos.

The average selling price for 2017 as a whole was $822,681 – up 12.7 per cent compared to 2016. This annual growth was driven more so by extremely tight market conditions during the first four months of the year. In the latter two-thirds of 2017, fewer sales combined with increased listings resulted in slower price growth. In December, the MLS® Home Price Index (HPI) Composite Benchmark was up by 7.2 per cent year over year, and the overall average selling price was up by 0.7 per cent year over year.

"It is interesting to note that home price growth in the second half of 2017 differed substantially depending on market segment. The detached market segment – the most expensive on average – experienced the slowest pace of growth as many buyers looked to less expensive options. Conversely, the condominium apartment segment experienced double-digit growth, as condos accounted for a growing share of transactions," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1712.pdf


Friday, December 15, 2017

NEW LISTING! Commercial/retail space in KoreaTown! (Bloor & Christie)

(Available for lease) Wonderful opportunity! Approx. 950sf of retail space! Previous tenant occupied the space for approximately 20 years! Current layout provides reception area + 3 offices — tenant can renovate to suit their needs! Lower level with bright main floor entry! Steps to Christie Subway Station & Christie Pits Park! Incredible neighbourhood shops & restaurants along Bloor Street! Sorry no restaurants or food product businesses.

Visit www.bonniebyford.com/properties.html for more info!

Monday, December 11, 2017

FREE DOWNLOADS: Leaside and East York Historical Booklets

These free downloads are available on the Toronto Public Library website!

PDF copy of a fantastic little book compiled and issued by "The Publicity and Industrial Committee of Leaside Town Council" in 1931.  Link

"The Story of Leaside", 1931

PDF copy of  booklet published by East York Public Library as part of "East York 200" celebrations in 1996.  Link 
 
"Fascinating Facts about East York", 1996

Friday, December 8, 2017

NEW LISTING! South Leaside Office Space For Lease

(Available for lease)  Approximately 675 s.f. for creative/professional/retail use in popular and well managed small commercial building at Bayview & Moore.  Bright south aspect!  Existing tenant has occupied the space for 15+ years!  Present layout includes 3 offices plus a kitchenette.  One outside parking spot included.  Other tenants include dentists, music studio, computer repairs and TV sales & service.  Super handy to downtown, TTC on the doorstep, grocery and pharmacy across the street!  No restaurants or food product use permitted.  Landlord willing to offer a new long term lease.

Visit www.bonniebyford.com/properties.html for more info!

News Release: City of Toronto regulates short-term rentals


News Release, December 7, 2017

Today, Toronto City Council has adopted recommendations to create a new bylaw for short-term rental regulations in the City of Toronto.

The new regulations will allow a property owner or tenant to participate as an operator (host) of a short-term rental in their principal residence, where they may share up to three bedrooms, or rent their entire residence on short-term durations but for no more than a total of 180 days a year.

Short term rentals are rentals that are offered in periods of 28 consecutive days or less, and are typically facilitated through short-term rental companies (platforms) such as Airbnb.

“These regulations do the right thing in the right way. They strike a balance that embraces new technology and allows short-term rentals while protecting communities," said Mayor John Tory. "I’m proud City Council has found a way to regulate short-term rentals in a way that will keep housing affordable.” The new regulations will take effect June 1, 2018. City staff will create an online registration system for short-term rental operators and will meet with short-term rental platform companies to provide guidance on the new regulations.

Homeowners and tenants who wish to share their principal residence and become a short-term rental operator will be required to register with the City through a new online registration system for an annual fee of $50.

Short-term rental platform companies, such as Airbnb, will require a license from the City. The initial application fee will be $5,000 and an annual licensing fee based on $1 per night booked through the platform.

The City is taking steps to accommodate people's desire to participate in home-sharing arrangements as both guests and hosts, while balancing the need to maintain rental housing stock and avoid commercialization of residential neighbourhoods.

City Council considered two staff reports today on this issue; a report from the Licensing and Standards Committee, LS23.1 Licensing and Registration Regulations for Short-Term Rentals, available at: http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2017.LS23.1 and a report from the City's Planning and Growth Management Committee, PG24.8 Zoning By-law and Zoning By-law Amendments to Permit Short-term Rentals, available at http://app.toronto.ca/tmmis/viewAgendaItemHistory.do?item=2017.PG24.8. Each link includes the decision history and amendments passed by Council.

This news release is also available on the City's website: http://ow.ly/fidJ30h5Bn7.

Thursday, December 7, 2017

MARKET WATCH: GTA REALTORS® Release November Stats

December 5, 2017 -- Toronto Real Estate Board President Tim Syrianos announced that Greater Toronto Area REALTORS® reported 7,374 transactions through TREB's MLS® System in November 2017. This result was up compared to October 2017, bucking the regular seasonal trend. On a year-over-year basis, sales were down by 13.3 per cent compared to November 2016.

New listings entered into TREB's MLS® System in November 2017 amounted to 14,349 – up by 37.2 per cent compared to November 2016, when the supply of listings was very low from a historic perspective.

"We have seen an uptick in demand for ownership housing in the GTA this fall, over and above the regular seasonal trend. Similar to the Greater Vancouver experience, the impact of the Ontario Fair Housing Plan and particularly the foreign buyer tax may be starting to wane. On top of this, it is also possible that the upcoming changes to mortgage lending guidelines, which come into effect in January, have prompted some households to speed up their home buying decision," said Mr. Syrianos.

The MLS® Home Price Index (HPI) composite benchmark price was up by 8.4 per cent on a year-over-year basis in November 2017. The average selling price for all home types combined was down by two per cent compared to November 2016, due in large part to a smaller share of detached home sales versus last year. On a year-to-date basis, the average selling price was up by 13.4 per cent compared to the same period last year. High density home types continued to lead the way in terms of price growth, with the average condominium apartment price up by double-digits compared to November 2016.

"Changes in market conditions have not been uniform across market segments. In line with insights from consumer polling undertaken by Ipsos in the spring, we are still seeing seller's market conditions for townhouses and condominium apartments in many neighbourhoods versus more balanced market conditions for detached and semi-detached houses. We will have more insights to share about consumer intentions for 2018 at the end of January when TREB releases its third annual Market Year in Review and Outlook report," said Jason Mercer, TREB's Director of Market Analysis.

To read the full report, please visit: http://www.bonniebyford.com/mw1711.pdf


Thursday, November 23, 2017

FREE 2018 Toronto Wall Calendars!

Come to our office anytime during regular office hours
to pick up your free calendar*!

Wishing you a very happy holiday season,
from Bonnie Byford Real Estate Ltd., Brokerage!


*while supplies last