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New property listed in Kennedy Park, Toronto E04

I have listed a new property at 39 Magnolia AVE in Toronto. See details here

First Time Offered For Sale! Original Owner! True Pride Of Ownership! Extremely Rare 4 Bedroom Layout With Garage! Enjoy The Oversized Great Room Perfect For Gatherings And Family Movie Nights. Entertain Your Guests In The Formal Dining Room With Chandelier. Busy Families Will Appreciate The Large Updated Kitchen With Wrap Around Counter And A Spacious Breakfast Area, With Walk-Out To Rear Deck And Large Backyard! Newly Renovated Second Floor Bathroom Is Perfect For The Whole Family. Hardwood Flooring Throughout. 2 Side Entrances Lead To The Fully Finished Basement With Rec/Family Room, Front Storage Room, Large Laundry And Plus An Additional 3-Pc Full Bath. All Electrical Inspected By Esa! New Breaker Panel! Extra Long Driveway Can Accommodate 2 Cars Plus A Built-In Garage! Newly Painted! New Light Fixtures! Ideal Home For Larger Families As Well As Investors! Steps To Ttc, Go Station, Supermarket, Shopping Plus Steps To Future Scarborough Junction Masterplan Community!

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New property listed in Bay Street Corridor, Toronto C01

I have listed a new property at 5507 180 Univeristy AVE in Toronto. See details here

Indulge In The Ultimate Luxury Living Experience At The Highly Esteemed Shangri-La Private Residences, Nestled In The Heart Of Toronto's Bustling Financial, Entertainment, And Theatre Districts. This Landmark Building Is Renowned For Its Exceptional Service And Is Home To The Renowned Shangri-La Hotel Toronto, A Leading Five-Star Hotel In The City. This Unit Is Part Of The Private Estate Collection, Reserved For Units Above The 50th Floor. This Unit Features Upgraded Herringbone Pattern Wood Flooring, Motorized Shades, Heated Bathroom Floors, Stone Surround Fireplace, 10-Ft Ceiling, Custom Boffi Kitchens With Granite Countertops, 5 Burner Gas Stoves, Panelled And Stainless Steel Appliances, Designer Pot-Lights, The Luxurious Bathrooms Completely Clad In Carrera Marble?featuring Standalone Showers With Kohler Digital Shower Controls, Heated Bathroom Floor, Plus An Oversized Ensuite Featuring Walk In Dressing Room. With Spectacular East / South With Lake Ontario View.

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Open House. Open House on Saturday, April 1, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 39 Magnolia AVE in Toronto. See details here

Open House on Saturday, April 1, 2023 2:00 PM - 4:00 PM

First Time Offered For Sale! Original Owner! True Pride Of Ownership! Extremely Rare 4 Bedroom Layout With Garage! Enjoy The Oversized Great Room Perfect For Gatherings And Family Movie Nights. Entertain Your Guests In The Formal Dining Room With Chandelier. Busy Families Will Appreciate The Large Updated Kitchen With Wrap Around Counter And A Spacious Breakfast Area, With Walk-Out To Rear Deck And Large Backyard! Newly Renovated Second Floor Bathroom Is Perfect For The Whole Family. Hardwood Flooring Throughout. 2 Side Entrances Lead To The Fully Finished Basement With Rec/Family Room, Front Storage Room, Large Laundry And Plus An Additional 3-Pc Full Bath. All Electrical Inspected By Esa! New Breaker Panel! Extra Long Driveway Can Accommodate 2 Cars Plus A Built-In Garage! Newly Painted! New Light Fixtures! Ideal Home For Larger Families As Well As Investors! Steps To Ttc, Go Station, Supermarket, Shopping Plus Steps To Future Scarborough Junction Masterplan Community!

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Open House. Open House on Sunday, April 2, 2023 1:00 PM - 3:00 PM

Please visit our Open House at 39 Magnolia AVE in Toronto. See details here

Open House on Sunday, April 2, 2023 1:00 PM - 3:00 PM

First Time Offered For Sale! Original Owner! True Pride Of Ownership! Extremely Rare 4 Bedroom Layout With Garage! Enjoy The Oversized Great Room Perfect For Gatherings And Family Movie Nights. Entertain Your Guests In The Formal Dining Room With Chandelier. Busy Families Will Appreciate The Large Updated Kitchen With Wrap Around Counter And A Spacious Breakfast Area, With Walk-Out To Rear Deck And Large Backyard! Newly Renovated Second Floor Bathroom Is Perfect For The Whole Family. Hardwood Flooring Throughout. 2 Side Entrances Lead To The Fully Finished Basement With Rec/Family Room, Front Storage Room, Large Laundry And Plus An Additional 3-Pc Full Bath. All Electrical Inspected By Esa! New Breaker Panel! Extra Long Driveway Can Accommodate 2 Cars Plus A Built-In Garage! Newly Painted! New Light Fixtures! Ideal Home For Larger Families As Well As Investors! Steps To Ttc, Go Station, Supermarket, Shopping Plus Steps To Future Scarborough Junction Masterplan Community!

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I have sold a property at 701 591 Sheppard AVE E in Toronto

I have sold a property at 701 591 Sheppard AVE E in Toronto. See details here

Luxurious Boutique Condo In The Heart Of Bayview Village! One Of The Newest Condos In Mint Condition * Short Steps To The Subway & The Mall Very Spacious One Bedroom In Neutral Finishes W/ White Kitchen, High Ceilings & Big Windows! Generous Bedroom Size + Large Walk-In Closet * Functional Layout Without Any Wasted Spaces

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New property listed in Bayview Village, Toronto C15

I have listed a new property at 701 591 Sheppard AVE E in Toronto. See details here

Luxurious Boutique Condo In The Heart Of Bayview Village! One Of The Newest Condos In Mint Condition * Short Steps To The Subway & The Mall Very Spacious One Bedroom In Neutral Finishes W/ White Kitchen, High Ceilings & Big Windows! Generous Bedroom Size + Large Walk-In Closet * Functional Layout Without Any Wasted Spaces

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Buyers are returning to the market despite higher rates

Don’t read the news! Seriously, don’t read the news. Some news articles are saying market is rebounding but other articles are saying sales are still slow. They are both right but they are both wrong. 

Are you confused? Confused as to what is actually happening? Confused about what steps you should take, for your primary home or for your investment portfolio? 

Let me give you some “word on the street” and “boots on the ground” kind of insights and hopefully it will clear things up a bit.

For the past 7-8 years, we’ve seen an uptick of activities around mid/late January all the way through to late March/mid April. The reason is, with the cold weather coming soon to an end, many buyers are getting ready to start their housing plan for the year.

As the Winter thaws and buyers are starting to come out of winter hibernation, the number of monthly sales is starting to increase. 4,783 homes sold in February up over 50% from January’s 3,094 sales.

After two months of sales, the average price of properties sold is $1,073,128. While down from 2021’s average price of $1,095,475, (2022 was an anomaly year), this does not really reflect the market. The greatest impact to the “average price” is the fact that with the increase in borrowing costs, more homes are selling in the lower price ranges. A good example of this is that in February of 2023, 57% of homes sold were under $1,000,000 vs 38% in February 2022.

You see, whether the market is great or mediocre, it all depends on the product, location and condition. Good properties at a lower price brackets in good locations are getting 100+ showings in a week. Resulting in 20-30+ offers. Those that are at the high price point will see less traffic and longer days on the market.

The greatest challenge to the Toronto market continues to be supply. There are just not enough homes for sale to satisfy demand. There are only 9,643 homes available for sale, and prices are poised to increase as those buyers committed to purchase will find themselves in bidding wars.

Wait, aren’t we in a bad market? Haven’t high interest rates killed sales? As you can see from my numbers, the answer is a resounding NO! Sales are occurring in all price ranges. Some buyers have had to adjust their price range or the location of their choice, but buyers are buying and more of them will enter the market as the year progresses.

My best advice is, get in the market as quickly as possible. As the old saying goes,” have you bought your land yet, we are not making any more”!

This is a great time to “trade up”, buy the next level home for you and your family. With our population set to explode, and rental rates up, it’s a great time to buy an investment property as well.

Today, most people are getting their real estate information from someone getting paid minimum wage, sitting in front of a computer screen, wearing a jacket and tie (sometimes no pants, LOL) and purporting to know the market. Do not be fooled, they do NOT know!

It’s a time of opportunity if one knows where to find it. Let me use my knowledge and experience to help you and your family. Give me a call, let’s talk!

Your friend in real estate,

Stephen Sun, Real Estate Broker
Direct: 416.617.9997

Follow me on Social Media:
Facebook: 
https://www.facebook.com/homesbysun
IG: 
https://www.instagram.com/homesbysun/
YouTube: https://www.youtube.com/c/HomeBySun


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New property listed in Newtonbrook West, Toronto C07

I have listed a new property at 155B Drewry AVE in Toronto. See details here

Modern Meets Contemporary Luxury. Thoughtfully Designed With Unparalleled Function & Open Flow In Mind. Built In Quality With Bespoke Finishes. Exceptional Design. Floor-To-Ceiling Architectural Window Walls. 8' Solid Core Fiberglass Front Door. Abundance Of Natural Light In Every Room. 197' Deep, South-Facing Home W/ Unobstructed View & Private Yard. Massive Ultra-Modern Kitchen Equipped W/ Professional Grade Appliances. Integrated Refrigeration (Panel-Ready Sub-Zero Designer Column Freezer + Full Size Fridge + Undercounter Wine Fridge), Cooking W/ Miele 36" Induction + 24" Gas Cooktop + 5' Commercial Hood, Heating W/ Thermador Convection & Speed Wall Ovens, Custom Cabinetry W/ Classic Brass Accent + Enormous 10' Quartz Island, Undermount Sink W/ Cutting Board. Specially Crafted Wine Rack. Beautiful Designer Floating Stairs W/ Modern Railing That Connects To An Oversized Skylight. Spacious Bdrms W/ Their Own Ensuites * Primary Bdrm W/ Extra Wide Picturesque Window & Gas Fireplace.

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Open House. Open House on Saturday, March 18, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 155B Drewry AVE in Toronto. See details here

Open House on Saturday, March 18, 2023 2:00 PM - 4:00 PM

Modern Meets Contemporary Luxury. Thoughtfully Designed With Unparalleled Function & Open Flow In Mind. Built In Quality With Bespoke Finishes. Exceptional Design. Floor-To-Ceiling Architectural Window Walls. 8' Solid Core Fiberglass Front Door. Abundance Of Natural Light In Every Room. 197' Deep, South-Facing Home W/ Unobstructed View & Private Yard. Massive Ultra-Modern Kitchen Equipped W/ Professional Grade Appliances. Integrated Refrigeration (Panel-Ready Sub-Zero Designer Column Freezer + Full Size Fridge + Undercounter Wine Fridge), Cooking W/ Miele 36" Induction + 24" Gas Cooktop + 5' Commercial Hood, Heating W/ Thermador Convection & Speed Wall Ovens, Custom Cabinetry W/ Classic Brass Accent + Enormous 10' Quartz Island, Undermount Sink W/ Cutting Board. Specially Crafted Wine Rack. Beautiful Designer Floating Stairs W/ Modern Railing That Connects To An Oversized Skylight. Spacious Bdrms W/ Their Own Ensuites * Primary Bdrm W/ Extra Wide Picturesque Window & Gas Fireplace.

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Open House. Open House on Sunday, March 19, 2023 2:00 PM - 4:00 PM

Please visit our Open House at 155B Drewry AVE in Toronto. See details here

Open House on Sunday, March 19, 2023 2:00 PM - 4:00 PM

Modern Meets Contemporary Luxury. Thoughtfully Designed With Unparalleled Function & Open Flow In Mind. Built In Quality With Bespoke Finishes. Exceptional Design. Floor-To-Ceiling Architectural Window Walls. 8' Solid Core Fiberglass Front Door. Abundance Of Natural Light In Every Room. 197' Deep, South-Facing Home W/ Unobstructed View & Private Yard. Massive Ultra-Modern Kitchen Equipped W/ Professional Grade Appliances. Integrated Refrigeration (Panel-Ready Sub-Zero Designer Column Freezer + Full Size Fridge + Undercounter Wine Fridge), Cooking W/ Miele 36" Induction + 24" Gas Cooktop + 5' Commercial Hood, Heating W/ Thermador Convection & Speed Wall Ovens, Custom Cabinetry W/ Classic Brass Accent + Enormous 10' Quartz Island, Undermount Sink W/ Cutting Board. Specially Crafted Wine Rack. Beautiful Designer Floating Stairs W/ Modern Railing That Connects To An Oversized Skylight. Spacious Bdrms W/ Their Own Ensuites * Primary Bdrm W/ Extra Wide Picturesque Window & Gas Fireplace.

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I have sold a property at 3006 395 Bloor ST E in Toronto

I have sold a property at 3006 395 Bloor ST E in Toronto. See details here

Breathtaking Views Of Skyline & The City, Overlooking Rosedale-Moore Park! The Rosedale On Bloor! Just A 5-Min Walk To Yorkville, Steps To The Subway And Connected To The Canopy Hotel By Hilton * A+ Location - Yonge/Bloor Vibe, Shops & Restaurants On The Ground Level, Walk To All Amenities On Bloor St * Very Spacious 1 Bed + Study / Nook In An Open Concept Layout. Functional Floor Plan - Large Closet, Open Balcony W/ A Stunning View * Contemporary Kitchen Cabinetry Custom Designed By Studio Munge W Quartz Counter Top, Stainless Steel Appliances, Neutral Finishes Throughout!

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I have sold a property at 1311 395 Bloor ST E in Toronto

I have sold a property at 1311 395 Bloor ST E in Toronto. See details here

The Rosedale On Bloor! Just A 5-Min Walk To Yorkville, Steps To The Subway And Connected To The Canopy Hotel By Hilton * A+ Location - Yonge/Bloor Vibe, Shops & Restaurants On The Ground Level, Walk To All Amenities On Bloor St * 2 Bedroom Unit With A Superb Open Concept & A Split Bedroom Layout. Spacious Bedrooms With Large Closets, Open Balcony With A Nice City View * Contemporary Kitchen Cabinetry Custom Designed By Studio Munge W Quartz Counter Top, Stainless Steel Appliances, Neutral Finishes Throughout!

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