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Six Giant Live/Work Towns Coming to Leslieville

January 25, 2018 8:55 am Published by Stephen Pryce

The Deal Looks like the cat’s out of the bag: Reserve Properties has coughed up $11 million to purchase the Leslieville Value Village Parking lot ($6,750,000) and the Queen St Value Village building ($4,250,000). The deal closed in December and they didn’t waste any time submitting their plans to the City. What They’re Building The first phase of what’s surely to be an iconic development in Leslieville Value Village site includes only 6 enormous townhouses. Like double the size of any house in the area at approximately 3,305 square feet! Each unit will have work spaces on the ground floor then a 4 bedroom home above. Private garage and all. The views from the roof top terraces are going to be insane! We have no idea how much they’ll be selling for but 3000 square foot townhouses should be trading... View Article

Bang at the beginning, a whimper towards the end!

January 4, 2018 1:53 pm Published by Stephen Pryce

Active listings are up 172.4% year over year! Last year started off with a roar! short supply, high demand. That was the first quarter of last year. Then the government brought in measures to settle the housing market, which it did. At the end of the day, the foreign buyers tax may have had more of a psychological impact than one in realty. The second and third quarter were quieter and the fourth quarter saw a jump before the new stress test came into effect (Jan 01, 2018) for buyers paying 20% or more. Maybe there is a ceiling to this market and we are seeing it with detached homes. The average price of detached homes year over year are down 2.5% and sales were down 13.6% year over year. But, keep in mind 2016 was a record year. My guess... View Article