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