Steven Maislin Broker

Steven  Maislin

Steven Maislin Broker

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Condominium Guide

Condo of the Week: $1.7 million for a Mimico townhouse with the view of the lake


Address: 5 Marine Parade Drive, Unit 121

Neighbourhood: Mimico

Agent: Steven Maislin, Re/Max Realtron Realty Inc., Brokerage

Price: $1,498,000.00

The Place: A large townhouse near the lake in south Etobicoke.

May 2015,

Dear Friend,

The Toronto real estate market is just CRAZY! Huge demand for real estate ownership has made April 2015, with 11,303 homes sold, the highest sales record for April sales, (up 17% over April 2014), in the history of the Toronto Real Estate Board.

The unprecedented demand saw the average sale price of a home sold in April to jump to $653,932, and the year to date average price to $609,903, up 7.6 % from the start of the year.

While these are averages for the whole of the Board's trading area, here is a breakdown of the average sale price year to date of more local areas:

City of Toronto      $ 653,129
Richmond Hill        $ 854,774
Vaughan                 $ 764,487
Markham                $ 777,332
Newmarket             $ 588,669
Pickering                $ 510,590
Ajax                         $ 479,332
Mississauga           $ 544,530

Here is how the sales have taken place by price range so far this year:

$0 -                  $199,999                 2.6 %
$200,000 -       $299,999               11.2 %
$300,000 -       $499,999               34.4 %
$500,000 -       $799,999               32.9 %
$800,000 -       $999,999                 8.7 %
$1,000,000 -    $1,499,999              6.7 %
$1,500,000 - +                                 3.5 %
The conditions for continued price growth have not, nor appear to be changing, so this market will continue for some time. BUT.... more than ever, with prices increasing so rapidly, you need an agent who is experienced, and capable of looking after your best interests in order to help you with your real transaction. I have seen and heard of agents underselling their own homes because they did not understand the market!

Before you start your search, or know of a friend thinking of buying or selling, please give me a call. My advice is free. I want to make sure your interests are protected! So don't hesitate to call me, there are no stupid questions!

Have a great May,

Your Friend in Real Estate.


PS. I am never too busy for your referrals!

Real Estate News

  • GTA REALTORS® Release Mid-Month Resale Housing Figures 5 days 8 hours old

    Toronto Real Estate Board President Paul Etherington announced a 9.6 per cent year-over-year increase in home sales reported by Greater Toronto Area REALTORS® during the first 14 days of May. There w...ere 5,655 sales reported in the first two weeks of May 2015 compared to 5,160 sales during the same period in May 2014.

  • GTA REALTORS® Release Monthly Resale Housing Figures 2 weeks 5 days old

    Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 11,303 sales in April 2015. This was the highest sales result on record for the month of A...pril and represented a 17 per cent increase in comparison to April 2014. While sales increased strongly on a year-over-year basis, new listings were up over the same period by a more moderate five per cent.

  • GTA REALTORS® Report Commercial Market Figures 2 weeks 5 days old

    Toronto Real Estate Board President Paul Etherington announced that TREB Commercial Network Members reported a strong year-over-year increase in leasing activity through TREB’s MLS® system in April.... Combined industrial, commercial/retail and office space leased on a per square foot net basis, with pricing disclosed, was up by 79 per cent in comparison to the same period last year.

HOT Properties

5 Marine Parade Dr, Toronto Real Estate
  • Toronto: $1,498,000
  • Type: Condo Townhouse
  • Bedrooms: 2
  • Bathrooms: 3

Unique Lifestyle Living. Toronto Life's "Condo Of The Week" - Designers Own Townhome Fronting On Lake Ontario With Unobstructed Views Of The Lake, Downtown And Humber Bay Sanctuary. Beautifully Appointed With Hardwood Floors, Granite, Marble, Large Rooms, Bronze Custom Staircase, Landscaped Gardens And Terrace, Private Large 2 Car Garage. Motorized Blinds, Skylight, In-House Gym And Sauna, Laundry Chute And Much More

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