yorkvillecondoblog

Everything you want to know about Yorkville Toronto Condominiums

New Condo Projects Planned For Yorkville Cheat Sheet

without comments

Yorkville Toronto New Condo Developments Planned & Proposed

Yorkville Toronto Condos Planned & Proposed Victoria Boscariol Chestnut Park Real Estate

Here are the latest new condo developments planned and proposed for Yorkville.

It gives us a peak into what the Yorkville skyline could possibly look like in the future but keep in mind these proposed projects are ever evolving and therefore subject change.   Having not yet formerly launched, a few of these prospective developments have been on the books for years as it is ultimately up to the builder to decide when to start selling units to the public. 

AddressProject NameLocationStoriesUnitsParkingDeveloperNotes
33-45 Avenue Rd &
140-148 Yorkville Ave
 York Square site on north east corner of Avenue Rd & Yorkville Ave30 172183Empire Communities 
89 Avenue Rd Howard Johnson Hotel site on east side of Avenue Rd between Yorkville Village Shopping Mall & 99 Avenue Rd Condo Building20  Freed Developments 
121 Avenue Rd Vacant lot on south east corner of Avenue Rd & Webster Ave just north of the retirement residence141413Urbancorp 
143 Avenue Rd East side of Avenue Rd just south of Davenport - site previously housed a gas station currently a parking lot129467Dash Developments 
1315-1325 Bay St & 48-58 Scollard St North east corner of Bay & Scollard streets - old site for the Four Seasons Private Residences Sales Office43112 132Urbacon 
181 Bedford Rd &
250 Davenport Rd
AYC 181 BedfordNorth east corner of Davenport & Bedford Rd27245 units + 39 townhomes MetropiaAYC as in Annex Yorkville Connection
1 Bloor St WestThe OneSouth west corner of Yonge & Bloor formerly the site of Stollery's80416312Mizrahi Developments 
2 Bloor St West  Current site of Cumberland Terrace on north west corner of Yonge & Bloor54 575 Oxford Properties 
30-50 Bloor St West Current site of The Holt Renfrew Centre63600621Morguard 
80 Bloor St West Currently the site of an 18 storey office building on the north side of Bloor between between Bay & Bellair St 66565181Krugarand Corporation 
2-8 Cumberland St &
826-834 Yonge St
 North west corner of Yonge & Cumberland St 64 531 95Great Gulf 
100 Davenport Rd North of Bay St on the east side of Davenport Rd - former the site of the sales office for the Florian condos39 54114Diamante 
126-128 Hazelton Ave128 Hazelton Ave South west corner of Hazelton Ave & Davenport Rd site of Hakim Optical 2147 Mizrahi Developments  
10-14 Prince Arthur Ave Current site of a 3 storey office building located on the north side of Prince Arthur Ave between Avenue & Bedford Rd 45  Castlepoint  
771 Yonge St  Southeast corner of Yonge St & Asquith Ave49322 None Menkes  
874-878 Yonge St & 3-11 Scollard St1 Scollard South west corner of Yonge & Scollard Street just south of the Toronto Reference Library59 194 189 Y & S Developments  
906 Yonge St &
25 McMurrich St
 Ridpath's Furniture site on west side of Yonge St north of Davenport Rd 23/27 135 127 Ridpath27 storey condo tower fronts on Mcmurrich & connects to 23 storey hotel on Yonge St 
37 Yorkville Ave &
50 Cumberland St
 Green P Parking Garage between Yonge & Bay Streets fronting onto to both Yorkville Ave & Cumberland St64/41 1083 418 Minto64 storey tower fronts on Yorkville & 41 storey tower on Cumberland 

New Or Resale?  Buying & Investment Opportunities In Yorkville & Toronto’s Condo Market

Investing in New & Pre-construction Condos in Yorkville & Downtown Toronto? How to get the Maximum Return On Investment

Buying a NEW CONSTRUCTION condo in Yorkville?  Don’t forget to bring your own representation to the sales office

See the latest Yorkville Toronto New Condos Under Construction

See the latest Yorkville Toronto Pre Construction Condos

See LISTINGS for Yorkville Toronto Condos

See the most comprehensive GUIDE to Yorkville Toronto Condos

See Yorkville Toronto Luxury Penthouses

See Yorkville Toronto Condo Buildings With 3 Bedroom Suites

Questions about Yorkville Toronto Condos?

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

See Yorkville Toronto Condos Pet Friendly Buildings

SEE MAP OF CONDOMINIUMS CURRENTLY AVAILABLE FOR SALE IN YORKVILLE BAY STREET CORRIDOR ANNEX NEIGHBOURHOODS

Moving To Yorkville? Find Out More About The Toronto Neighbourhood Where Uptown Meets Downtown

Buying A Yorkville Toronto Condo? What you need to know before you buy in Yorkville

Victoria Boscariol is a real estate agent in Toronto Canada with Chestnut Park Real Estate Limited Brokerage. With over 20 years experience, Victoria has been helping people successfully buy and sell condos in Yorkville and downtown Toronto. She has worked with Buyers from around the world moving to Toronto from China, Russia, Brazil, India, South Africa, United Arab Emirates, Jordan, Cyprus, Italy, Germany, The United Kingdom and Australia.

New Or Resale? Buying Opportunities In Yorkville’s Condo Market

without comments

Yorkville Toronto Condos Four Seasons Private Residences Firehall Victoria Boscariol Chestnut Park Real EstateInvesting In Yorkville Condos
I’m not opposed to buying new condos off plans in Yorkville and Toronto (depending on the quality of the project). However from an investment standpoint, I just think there are better and faster opportunities for appreciation in Yorkville’s Resale Condo Market.

Its More Expensive To Buy A New Condo 
Years ago if you bought a unit off plans by the time the condo building was built and registered you could turn around and sell it and make a decent profit. Buyers were rewarded for taking the greater risk of purchasing into a condo development that was not yet built.

But in today’s market that is no longer the case. Prices for new construction condos in Toronto are now more expensive than units currently available for sale in the resale market. In some instances up to 30% more expensive. The major reasons for this reversal have to do with the increase in construction costs and the higher land prices developers now have to pay.

Essentially when you buy a pre-construction condo from a builder in today’s market you are buying a future that the unit will be worth what you paid when the building is finished and registered.

Hidden Fees & Extra Costs Add Up
There are a lot of hidden fees when buying off plans. Many of which are difficult to re-coup after the building is built and you decide to sell your unit. Here are some of the more major ones:

You Have To Pay Interim Occupancy Fees
The interim occupancy fee is a monthly fee a buyer has to pay to the builder for occupying the unit before the building has registered and ownership has transferred to the buyer. The fee is comprised of interest on the balance of money owed to the builder, estimated monthly common expenses and 1/12th of the estimated annual property taxes.

Note interim occupancy fees are not optional. The buyer is required to pay them whether or not he decides to move into the unit prior to registration. Also these fees are not credited towards the purchase price of the unit nor do they go towards paying down the mortgage for the unit.

HST (Harmonized Sales Tax)
If you are buying a new condo as an investment or it is not your primary residence it is subject to 13% Harmonized Sales Tax.

Contributions To The Condo’s Reserve Fund
Buyers of new condos are required to pay one to three month’s maintenance fees at closing to help build up the condo’s reserve fund.

Levies
Levies are one-time taxes that the Buyer has to pay and include developmental levies, education development charges and park donation levies.

Other Costs
Buyers have to pay for things like the installation of utility meters, Tarion enrolment fees, legal and administrative charges from the builder, as well as the cost of excess deposit insurance for deposits over $20,000.

On the other a hand if a buyer purchases a re-sale condo all of these charges go away as none of these extra fees and taxes would apply.

Timing & Appreciation
When you factor in builder delays, it now takes about 5 to 7 years from when a developer starts selling to the public to when the condo is actually built and registered in Toronto.

With all the new condos being built in Toronto the time-line for appreciation has changed.

There is very little appreciation at the stage when the condo unit is completed and newly registered. At this point a buyer would not only have paid the purchase price for the unit as well as hidden fees from the builder but he would have also had to pay at least 3-6 months of interim occupancy fees (in some cases it could be 12 months or even longer) and HST as well if the unit was purchased as an investment property.

On top of this, all Toronto buyers regardless of buying new or resale have to pay both the provincial land transfer tax as well as a second land transfer tax to the City of Toronto. On the purchase of a $700K unit this double land transfer tax amounts to just over $20K.  All of these expenditures dramatically offset any gains made in appreciation of the unit thus far.

When the building finally registers it is also the time when you see the most units in the building come up for sale on the MLS. The sellers are made up of buyers who bought off plans years ago and now want to sell and builder’s unsold inventory. Usually 10%-20% of the units in the building are for sale at this stage and that greater supply brings puts downward pressure on prices and eats into the appreciation.

Because of all these factors we are now starting to see natural appreciation take place a year or two after the building has registered, once all the speculator and leftover builder inventory has been sold.

Will the Toronto condo market still be strong in 5 to 7 years time when your new condo is finally completed? That is a long time to wait when you can purchase a unit in the re-sale market now and start enjoying it or renting it out in real-time while it is appreciating.

Transparency
Now that we have so many completed condos in Toronto, the market is becoming very micro-local in that you could have two condo buildings on the same street but each having very different sales activity and appreciation levels.

Each building essentially is its own mini real estate market. Value can be easily determined when buying resale condos as the MLS provides real estate agents with the sold history for the units in the building.

When buying new, value is more difficult to determine. How do you really know what the unit is truly worth? Builders do not disclose sold prices for units and therefore the sales history for the project is not published anywhere. At this point you won’t know if you paid more or less than your neighbour for the same floor plan.

Four Seasons Hotel & Private Residences Yorkville Toronto Condos Victoria Boscariol Chestnut Park Real EstateDeposits
Many consider that the big advantage buying a new condo is the structured deposit schedule where the deposit is paid off over time in 4 or 5 instalments. This means that the buyer does not have to come up with the full deposit all at once.

However when buying a resale condo the buyer only needs to come up with 5% of the purchase price as a deposit. New construction condo deposits are much larger as they end up totalling a minimum of at least 20% of the purchase price over time.

A typical deposit structure for a pre-construction condo could look something like this: $5,000 down on signing, 5% in 30 days, 5% in 120 days, 5% in 240 days, 5% at interim occupancy.

The builder could be holding on to your large deposit over several years (some builder’s pay interest on the deposit while others do not). Considering the extended time it takes for the building to be completed, you have to ask yourself if that deposit money could be working better for you in other investments as opposed to being tied up with the builder for a period of 4 years or longer.

There Are Still Good Buying Opportunities In This Market
There are still prime opportunities available in this market to purchase a brand new condo that no one has ever lived in without having to wait years nor pay extra in builder’s fees or taxes.

Contact Me to find out more about these “sweet spot” opportunities in the Yorkville Condo Market.

Victoria Boscariol is a real estate agent in Toronto Canada with Chestnut Park Real Estate Limited Brokerage. With over 20 years experience, Victoria has been helping people successfully buy and sell condos and houses in Yorkville and downtown Toronto. As a Certified International Property Specialist (CIPS) she has worked with Buyers from around the world moving to Toronto from China, Russia, Brazil, India, South Africa, United Arab Emirates, Jordan, Cyprus, Italy, Germany, The United Kingdom, Australia and the United States. 

Buying A Yorkville Toronto Condo? What you need to know before you buy in Yorkville

Investing in New & Pre-construction Condos in Yorkville & Downtown Toronto? How to get the Maximum Return On Investment

Buying a NEW CONSTRUCTION condo in Toronto? What you need to know before you visit the sales office

Moving To Yorkville? Find Out More About The Toronto Neighbourhood Where Uptown Meets Downtown

See MLS LISTINGS for Yorkville & Downtown Toronto condos

Toronto Condo Checklist What you need to ASK before you buy

Renting Vs Buying A Toronto Condo. Which is the better option?

See the latest Yorkville Toronto New Condos Under Construction

See the latest Yorkville Toronto Pre Construction Condos

See the latest condo projects Planned & Proposed for Yorkville Toronto

See the latest news on Yorkville Toronto Condos New Releases

See the most comprehensive GUIDE to Yorkville Toronto Condos

See Yorkville Toronto Luxury Penthouses

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

See Yorkville Toronto Condo Buildings With 3 Bedroom Suites

See Yorkville Toronto Condos Pet Friendly Buildings

Request A Free Condo Buying Consultation

Foreign Buyers Guide To Purchasing Real Estate In Toronto 

Valuable Advice For Buyers From The United States Purchasing Real Estate In Toronto Canada 

Find out more about buying a condo in Toronto and TAXES that may apply

Buying A Toronto Condo? Find out how much Land Transfer Tax you will have to pay

What is a condo assignment? Find out the advantages of buying a new Toronto condo by way of an assignment

 

 

 

Sales of Yorkville Toronto Condos Surge Resulting In Slightly Lower Sold Prices

without comments

Yorkville Toronto Condo Market Report
2nd Quarter 2016 Sold Prices Per Square Foot & Luxury Unit Sales 

Sales of Yorkville Toronto Condos Surge In The 2nd Quarter Resulting In Slightly Lower Sold Prices2016 Yorkville Condos Toronto units sales 2nd Quarter Victoria Boscariol Chestnut Park Real Estate

• 104 Yorkville condo units sold in the 2nd quarter up 47% from last quarter when only 71 Yorkville condo units sold
The average selling price for a Yorkville condo is $1,162,074 down slightly from the previous quarter’s $1,274,953.
• It took 33 days on average for a Yorkville condo to sell; 6 days faster than in the previous quarter.
• Average sold price per square foot was $825 down slightly from last quarter’s $835


Yorkville Luxury Condo Sales Over $2M

The 2nd quarter of 2016 had 6 suite sales over $2 million with an average sold price of $2,802,500. This is down dramatically from last quarter when 3 units sold over $5M in the Four Seasons Private Residences.  As the condo building with the consistently highest sold prices per square foot in the city of Toronto, the Four Seasons Private Residences had no unit sales this quarter and that played a significant role in the lower sold prices for Yorkville luxury condos priced over $2 million.

This quarter’s 6 sales of luxury condos took place in five Yorkville condo buildings:

Yorkville Luxury Condo Building
Name & Address
# of Luxury Units Sold
Over $2.0M
2nd Quarter 2016
The Prince Arthur 38 Avenue Rd 2
1 St Thomas St 1
The Museum House 206 Bloor St W 1
77 Avenue Rd 1
55 Prince Arthur Ave 1

 

Yorkville Condos Average Price Per Square Foot
The second quarter of 2016 sold stats for Yorkville resale condos reveals that the average sold price per square foot for a Yorkville condo was $825, down slightly from the previous quarter’s $835. 

Type Of Condo Unit Average Sold Price
Per Square Foot
1 Bedroom Condo $804
1 Bedroom Plus Den Condo $772
2 Bedroom Condo $826
2 Bedroom Plus Den Condo $659
3 Bedroom Or Larger $866

 

Yorkville Condos Sales Volume
104 condo units sold in the second quarter of 2016. This was a 47% increase from the last quarter when 71 condo units sold. 

Yorkville Resale Condos Days On Market Comparison
It only took 33 days for a Yorkville condo to sell in the 2nd quarter; 6 days faster that in the previous quarter.

Yorkville Condo Resale Values 2016 Second Quarter
The average selling price for a Yorkville condo was $1,162,074 down from the 1st quarter’s $1,274,953. 

Type Of Condo Unit # Sold Average
Sold Price
% of List Average
Number
Of Days
On Market
1 Bedroom Condo 22 $540,577 98 22
1 Bedroom Plus Den Condo 22 $635,784 99 31
2 Bedroom Condo 38 $1,007,913 98 35
2 Bedroom Plus Den Condo 13 1,618,077 97 44
3 Bedroom Or Larger 6 $2,008,000 97 35

 

See more of the latest SOLD PRICES and SOLD STATS for Yorkville Condos Toronto

See the latest Sales for Yorkville Toronto Condos by Building Address

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

See MLS LISTINGS for Yorkville Toronto condos

Moving To Yorkville? Find Out More About The Toronto Neighbourhood Where Uptown Meets Downtown

Buying A Yorkville Toronto Condo? What you need to know before you buy in Yorkville

Renting Vs Buying A Yorkville Toronto Condo. Which is the better option?

See the most comprehensive GUIDE to Yorkville Toronto Condos

See Yorkville Toronto Condos Luxury Boutique Buildings of under 50 Suites

See Yorkville Toronto Condos Pet Friendly Buildings

See Yorkville Toronto Condo Buildings With 3 Bedroom Suites

See the latest Yorkville Toronto New Condos Under Construction

See the latest Yorkville Toronto Pre Construction Condos

See the latest condo projects Planned & Proposed for Yorkville Toronto

See the latest news on Yorkville Toronto Condos New Releases

Investing in New & Pre-construction Condos in Yorkville & Downtown Toronto?
How to get the Maximum Return On Investment

Buying a NEW CONSTRUCTION condo in Yorkville? What you need to know BEFORE you visit the sales office

Toronto Condo Checklist What you need to ask BEFORE you buy

Read about buying a condo in Toronto and TAXES that may apply

The History of the Village of Yorkville

See Yorkville Toronto Schools & Daycares with Quality Rankings & Reviews

Questions about Yorkville Toronto condos?

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

There is always a healthy supply of condominium units available for sale in the Yorkville area. However, the best suites, the units with the great floor plans, clear views and in the good buildings sell right away. Top valued condos sell within days and if you want the opportunity …

 

 

Valuable Advice For US Buyers Of Toronto Real Estate

without comments

Are you an American thinking about moving to Toronto Canada?US Buyers Americans Purchasing Real Estate In Toronto Canada

You do not need to be a Canadian citizen to buy property in Toronto. There are no restrictions on US residents owning property in Toronto.

With the Canadian dollar worth less than .75 cents US, now is a great time to invest in the Toronto real estate market but there are a few things to be aware of before you start your property search.

Understanding Canadian Taxes
While there are no additional taxes or restrictions for US buyers purchasing real estate in Toronto there can be tax implications for US owners when they sell property in Toronto.  A US seller may be subject to a non-resident withholding tax of 25% on the sale price of the property.  Further details can be found on the Canada Revenue Agency website.  Consult with your own Canadian tax accountant to fully understand the Canadian tax rules and implications of selling a property in Toronto as a foreign owner.

All buyers, local or from the United States, who purchase real estate in Toronto are required to pay two Land Transfer Taxes (LTT) – one to the province of Ontario and one to the City of Toronto.  A purchase of a $1M home or condo in Toronto translates into approximately $32,200 owing in Land Transfer Tax.  A simple way to determine the approximate amount of funds you will need to set aside for land transfer tax is to use this Land Transfer Tax Calculator

Have Your Funds Seasoned In A Canadian Bank

The Toronto real estate market is fast paced with properties selling quickly. For peace of mind be prepared by having the funds in Canada and ready to go.  Sudden fluctuations in currency exchange rates and delays in money transferring from the United States can negatively affect the outcome of your home purchase.

When making an offer to purchase property in Toronto you will be required to present a deposit of 5%-10% of the purchase price in the form of a certified cheque, bank draft or money order in Canadian funds from a Canadian bank.

Canada is known for having the safest banking systems in the world and a US citizen can easily open a bank account at any Canadian bank by making a personal visit to the bank branch and providing applicable photo identification.

How The Toronto Real Estate Market Works
Toronto REALTORS® operate under an organized system called the MLS or the Multiple Listing Service.  That means that when a Seller retains a licensed realtor to sell their condo or house, the Seller’s agent posts the listing on the MLS database.  It indicates to all real estate agents in Toronto that this property is for sale and that they will co-operate with other real estate agents from other real estate companies if they bring a buyer to the property.   If it results in the sale of the property, the buyer’s agent is compensated through the listing broker for commission.

For the consumer, this eliminates the need to go from agent to agent or from brokerage to brokerage to see what listings they have because all that info is shared in one place on the MLS database.  As real estate agents we are all looking at the same database of property information on the MLS.  It is also beneficial for Sellers as their property is exposed to over 40,000 agents in the Greater Toronto Area as opposed to have it only sold exclusively through one real estate company or brokerage.

The Toronto real estate market moves quickly with good properties selling right away on the MLS. To help you stay ahead of the market, a Buyer’s agent can set up a customized home search for you and send you new property listings from the MLS as soon as they come up for sale. Retaining an agent to help you in the buying of your Toronto home or condo does not cost you anything as their commission is paid by the Seller through the Listing Brokerage.

Obviously buying a Toronto home or condo is not just about having an agent send you listings.  A good real estate agent has many years experience in the Toronto neighbourhoods you are considering and can help you analyze the info so you can make a well informed purchase that will appreciate over time.

 

Living In The United States & Thinking Of Buying Real Estate In Toronto American Buyer's GuideVictoria Boscariol is a real estate agent in Toronto Canada with Chestnut Park Real Estate Limited Brokerage. With over 20 years experience, Victoria has been helping people successfully buy and sell condos and houses in Yorkville and downtown Toronto. As a Certified International Property Specialist (CIPS) she has worked with Buyers from around the world moving to Toronto from the United States, Russia, China, Brazil, India, South Africa, United Arab Emirates, Jordan, Cyprus, Italy, Germany, The United Kingdom, and Australia. 
Your Passport To The Perfect Property In Toronto

 

Have Questions About Buying Real Estate In Toronto? Contact Me

US Buyers Guide To Purchasing Real Estate In Toronto 

Real Estate Prices Around The World & Why Buying A Toronto Condo Is A Shrewd Investment

Urban Dictionary Of Real Estate Words, Terms & Meanings Unique To Toronto Canada

Requirements For American Buyers Of Toronto Real Estate …What You Need To Know Before You Begin Your Property Search

Canadian Banks, Funds & Financing For US Buyers Of Toronto Real Estate

Taxes And American Buyers Of Toronto Real Estate

How The Real Estate Market Works In Toronto Canada 

Going From Buyer To Toronto Property Owner – The Real Estate Transaction Process In Toronto

Closing Costs For American Buyers Of Toronto Real Estate

Selecting And Working With A Real Estate Lawyer When Buying Property In Toronto Canada 

Understanding The Paperwork..Important Elements of The Agreement Of Purchase & Sale When Buying A Toronto House Or Condo

How To Make An Offer & Negotiate The Purchase Of A Toronto Home Or Condo 

 

 

 

THE ULTIMATE DEAL…Rosedale Renovated Luxury 3 Bedroom Plus Family Room & 3 Balconies

without comments

Just Listed For Sale 21 Dale Ave Suite 844 Toronto
Luxury Rosedale 3 Bedroom Co-op Apartment
Offered For Sale At $1,495,000

21 Dale Ave Rosedale Toronto Co-op Apartments Victoria Boscariol Chestnut Park Real Estate

Completely renovated luxury 3 bedroom apartment
• Approximately 2690 square feet plus 3 balconies
• Designer kitchen and bathrooms
• Family room features fireplace and walk-out to balcony

• Ensuite laundry room
• Prime Rosedale location in low-rise building built into ravine with over 5 acres of exquisite gardens
• Fabulous building amenities include 24 hour concierge, indoor and outdoor saltwater pools, gym and more
• Steps to subway and the shops and restaurants of Bloor Street

21 Dale Ave Unit 844 Entrance Hall Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Suite 844 Entrance Foyer Victoria Boscariol Chestnut Park Real Estate r
21 Dale 844 Lobby Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Rosedale Toronto Coop Apartments For Sale Living Room Victoria Boscariol Chestnut Park Real Estate r
21 Dale Ave Rosedale Co-op Apartment Toronto Living Room Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Suite 844 Living Room Victoria Boscariol Chestnut Park Real Estate r
21 Dale Ave Suite 844 Dining Room Living Room Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Suite 844 Dining Room Kitchen Victoria Boscariol Chestnut Park Real Estate r
Rosedale Toronto Luxury Co-ops 21 Dale Kitchen Suite 844 Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Suite 844 Kitchen Victoria Boscariol Chestnut Park Real Estate r
Coop Apartments For Sale Rosedale Toronto 21 Dale Ave Suite 844 Victoria Boscariol Chestnut Park Real Estate rToronto Luxury Co-ops Rosedale 21 Dale Ave Family Room Apartment 844 Victoria Boscariol Chestnut Park Real Estate r
Toronto Rosedale Luxury Co-ops 21 Dale Ave Apartment 844 Family Room Victoria Boscariol Chestnut Park Real Estate rToronto Rosedale Luxury Co-ops Apartments For 21 Dale Ave Suite 844 Master Bedroom Victoria Boscariol Chestnut Park Real Estate r
Luxury Apartments For Sale Rosedale Toronto 21 Dale Ave Suite 844 Master Bathroom Victoria Boscariol Chestnut Park Real Estate rToronto Rosedale Luxury Apartments For Sale 21 Dale Ave Master Ensuite Bath Victoria Boscariol Chestnut Park Real Estate r
Luxury Co-ops Apartments For Sale Toronto Rosedale 21 Dale Ave Suite 844 Master Bedroom Builtin Desk Victoria Boscariol Chestnut Park Real Estate rRosedale Luxury Co-ops Apartments For Sale 21 Dale Ave Toronto Suite 844 Terrace Balcony Victoria Boscariol Chestnut Park Real Estate r
Luxury Co-op Apartments For Sale Rosedale Toronto 21 Dale Ave Unit 844 2nd Bedroom Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Suite 844 Rosedale Coop Apartments For Sale Bedroom Victoria Boscariol Chestnut Park Real Estate r
Toronto Luxury Co-op Apartments For Sale 21 Dale Ave Rosedale Balcony Terraces Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Luxury Rosedale Toronto Coop Apartments Suite 844 Bathroom Victoria Boscariol Chestnut Park Real Estate r
21 Dale Ave Rosedale Toronto Luxury Co-ops Apartments Gardens Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Rosedale Toronto Luxury Co-ops Apartments Gardens Victoria Boscariol Chestnut Park Real Estate r
Luxury Co-ops Apartments For Sale Rosedale  21 Dale Ave Toronto Garden Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Indoor Pool Co-op Apartments Rosedale Toronto Victoria Boscariol Chestnut Park Real Estate r
21 Dale Ave Rosedale Toronto Co-op Apartments Indoor Pool & Hot tub Victoria Boscariol Chestnut Park Real Estate r21 Dale Ave Rosedale Toronto Co-ops Apartments Outdoor Pool Victoria Boscariol Chestnut Park Real Estate

I’d Like To Book A Showing To View This Suite

See Floor Plans & Virtual Tour 

I’d Like To Book A Showing To View This Suite

See Floor Plans & Virtual Tour 

Inclusions: Built-in refrigerator, stainless steel dishwasher, AEG dual ovens & microwave, Thermador cook top, Whirlpool washer & dryer. 2nd refrigerator in laundry room. 6 ductless air conditioners, custom window coverings, fireplace.

Exlcusions: Televisions, dining room chandelier, kitchen & living room sconces.

Monthly maintenance fee $3,043.20 covers taxes, cable, heat, water, building insurance, & common elements. Parking is rental with indoor parking at $73/month and outdoor parking at $49/month

Pet Policy: Dogs are allowed, pet friendly building

SEE MAP OF CONDOS, CO-OWNERSHIPS & CO-OPS CURRENTLY AVAILABLE FOR SALE IN ROSEDALE

Questions about Rosedale co-op apartments or co-ownerships?

See more listings available for sale in Rosedale

Rare Opportunity…Yorkville Condo FOR SALE With An Oversized “Forever View” Balcony

without comments

18 Yorkville Ave Unit 606 Toronto Condos
1 Bedroom & Den Plus Large Balcony West Facing Overlooking Park
SOLD

18 Yorkville Ave Suite 606 Toronto Victoria Boscariol Chestnut Park Real Estate

• One bedroom plus separate den approximately 622 square feet
 Large balcony approximately 4’7″ x 22’7″ with clear west view
• Overlooks the Town Square Park, historical library & Four Seasons Hotel
• Steps to subway, University of Toronto, designer shops, Pusateri’s & Whole Foods
• Freshly painted
• Nine foot ceiling height

• Includes parking and locker
• Locker conveniently located on same floor as unit
• High-end building amenities designed by Yabu Pushelberg
Building features include 24 hour concierge, 2 gyms, 2 party rooms, rooftop terrace with bbq, billiard & media room & steam rooms & showers

See Floor Plans & Virtual Tour

I’d Like To Book A Showing To View This Suite

18 Yorkville Ave Unit 606 Kitchen Living Room Victoria Boscariol Chestnut Park Real Estate rKitchen Overlooking Den & Living Room Unit 606 18 Yorkville Ave Toronto Condos Victoria Boscariol Chestnut Park Real Estate r
18 Yorkville Condos Toronto Living Room Bedroom Den Victoria Boscariol Chestnut Park Real Estate r18 Yorkville Ave Suite 606 Den Bedroom Toronto Condos Victoria Boscariol Chestnut Park Real Estate r
18 Yorkville Ave Toronto Condos Unit 606 Kitchen r Victoria Boscariol Chestnut Park Real Estate r18 Yorkville Ave Toronto Condos Unit 606 Kitchen Victoria Boscariol Chestnut Park Real Estate r
18 Yorkville Ave Suite 606 Toronto Condos Master Bedroom Victoria Boscariol Chestnut Park Real Estate r18 Yorkville Ave Unit 606 Master Bedroom Toronto Condos Victoria Boscariol Chestnut Park Real Estate r
18 Yorkville Ave Unit 606 West Facing Balcony Overlooking Four Seasons Victoria Boscariol Chestnut Park Real Estate r18 Yorkville Ave Unit 606 West View Overlooking Park & Four Seasons Victoria Boscariol Chestnut Park Real Estate r
18 Yorkville Ave Unit 606 Balcony View Overlooking Four Seasons & Park Victoria Boscariol Chestnut Park Real Estate r18 Yorkville Ave Unit 606 Toronto Condos Bathroom Victoria Boscariol Chestnut Park Real Estate r
18 Yorkville Condos Toronto Entrance Lobby Victoria Boscariol Chestnut Park Real Estate r18 Yorkville Ave Toronto Condos Gym Victoria Boscariol Chestnut Park Real Estate r
18 Yorkville Ave Condos Toronto Party Room Victoria Boscariol Chestnut Park Real Estate r18 Yorkville Condos Toronto Roof top Terrace Victoria Boscariol Chestnut Park Real Estate r
18 Yorkville Ave Toronto Condos Media Room Victoria Boscariol Chestnut Park Real Estate r18 Yorville Ave Toronto Condos Billiards Room Victoria Boscariol Chestnut Park Real Estate r


Monthly maintenance fee $402.00 
covers heat, central air conditioning, water, building insurance, common elements & parking.Inclusions: Fridge, stove, dishwasher, washer, dryer, existing window coverings. 1 locker located on same floor as unit. 1 parking spot.

Taxes for 2015 $3,242.26

Pet Policy: Dogs are allowed under 30 pounds.

I’d Like To Book A Showing To View This Suite

See Floor Plans & Virtual Tour

Find Out More About The Condos At 18 Yorkville Ave 

ALERT ME WHEN SUITES COME UP FOR SALE AT 18 YORKVILLE AVENUE AND 21 SCOLLARD STREET THAT MEET MY REQUIREMENTS

SEE MAP OF YORKVILLE ANNEX CONDOMINIUMS CURRENTLY AVAILABLE FOR SALE

See MLS LISTINGS for Yorkville Toronto condos

See the most comprehensive GUIDE to Yorkville Toronto Condos

See Yorkville Toronto Condo Buildings With 3 Bedroom Suites

See Yorkville Toronto Luxury Penthouses

See Yorkville Toronto Condos Luxury Boutique Buildings of under 50 Suites

See Yorkville Toronto Condos Pet Friendly Buildings

See the latest SOLD PRICES and SOLD STATS for Yorkville Condos Toronto

See the latest Sales for Yorkville Toronto Condos by Building Address

Moving To Yorkville? Find Out More About The Toronto Neighbourhood Where Uptown Meets Downtown

Buying A Yorkville Toronto Condo? What you need to know before you buy in Yorkville

The History of the Village of Yorkville

See Yorkville Toronto Schools & Daycares with Quality Rankings & Reviews

Read about buying a condo in Toronto and TAXES that may apply

Toronto Condo Checklist What you need to ask BEFORE you buy

See the latest Yorkville Toronto New Condos Under Construction

See the latest Yorkville Toronto Pre Construction Condos

See the latest condo projects Planned & Proposed for Yorkville Toronto

See the latest news on Yorkville Toronto Condos New Releases

Investing in New & Pre-construction Condos in Yorkville & Downtown Toronto?
How to get the Maximum Return On Investment

Buying a NEW CONSTRUCTION condo in Yorkville? What you need to know BEFORE you visit the sales office

Questions about Yorkville Toronto condos?

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

There is always a healthy supply of condominium units available for sale in the Yorkville area. However, the best suites, the units with the great floor plans, clear views and in the good buildings sell right away. Top valued condos sell within days and if you want the opportunity …

 

High Toronto Home Prices Has Ripple Effect On Yorkville Condos

without comments

Yorkville Toronto Condo Market Report
1st Quarter 2016 Sold Prices Per Square Foot & Luxury Unit Sales 

2016 Yorkville Condos Toronto units sales 1st Quarter Victoria Boscariol Chestnut Park Real Estate

 

The Yorkville Toronto Condo Market experiences the ripple effect from the strong price gains currently seen in Toronto’s housing market

• Sold prices for Yorkville condos are up 16.5% from this time last year
The average selling price for a Yorkville condo is $1,274,953 up 31% from the previous quarter’s $975,682.
• It only took 39 days on average for a Yorkville condo to sell; 12 days faster than in the previous quarter.
• Average sold price per square foot was $835 down slightly from last quarter’s $846


Yorkville Luxury Condo Sales Over $2M

The 1st quarter of 2016 only had 5 suite sales over $2 million.  However three of those sales were over the five million dollar mark which drove up the average sold price and average sold price per square foot dramatically as compared to last quarter.  The first quarter average sold price was $4.545M with a sold price per square foot of $1,349.  The 3 suites sales over the $5 million mark all occurred in the Four Seasons Private Residences.

This quarter’s 5 sales of luxury condos over $2M took place in three Yorkville condo buildings:

Yorkville Luxury Condo Building
Name & Address
# of Luxury Units Sold
Over $2.0M
1st Quarter 2016
Four Seasons Private Residences 50 Yorkville Avenue 3
100 Yorkville Ave 1
55 Prince Arthur Ave 1

 

Yorkville Condos Average Price Per Square Foot
The first quarter of 2016 sold stats for Yorkville resale condos reveals that the average sold price per square foot for a Yorkville condo was $835, down slightly from the previous quarter’s $846. 

Type Of Condo Unit Average Sold Price
Per Square Foot
1 Bedroom Condo $768
1 Bedroom Plus Den Condo $754
2 Bedroom Condo $899
2 Bedroom Plus Den Condo $1,078
3 Bedroom Or Larger $677

 

Yorkville Condos Sales Volume
71 condo units sold in the first quarter of 2016. This was a 53% increase from the last quarter when 46 condo units sold. 

Yorkville Resale Condos Days On Market Comparison
It only took 39 days for a Yorkville condo to sell in the 1st quarter; 12 days faster that in the previous quarter.

Yorkville Condo Resale Values 2015 Fourth Quarter
The average selling price for a Yorkville condo was $1,274,953 up 31% from the 4th quarter’s $975,682. 

Type Of Condo Unit # Sold Average
Sold Price
% of List Average
Number
Of Days
On Market
1 Bedroom Condo 11 $634,391 98 43
1 Bedroom Plus Den Condo 15 $612,293 98 21
2 Bedroom Condo 32 $1,023,415 98 44
2 Bedroom Plus Den Condo 10 $2,098,000 98 49
3 Bedroom Or Larger 3 $2,001,667 100 38

 

See more of the latest SOLD PRICES and SOLD STATS for Yorkville Condos Toronto

See the latest Sales for Yorkville Toronto Condos by Building Address

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

See MLS LISTINGS for Yorkville Toronto condos

Moving To Yorkville? Find Out More About The Toronto Neighbourhood Where Uptown Meets Downtown

Buying A Yorkville Toronto Condo? What you need to know before you buy in Yorkville

Renting Vs Buying A Yorkville Toronto Condo. Which is the better option?

See the most comprehensive GUIDE to Yorkville Toronto Condos

See Yorkville Toronto Condos Luxury Boutique Buildings of under 50 Suites

See Yorkville Toronto Condos Pet Friendly Buildings

See Yorkville Toronto Condo Buildings With 3 Bedroom Suites

See the latest Yorkville Toronto New Condos Under Construction

See the latest Yorkville Toronto Pre Construction Condos

See the latest condo projects Planned & Proposed for Yorkville Toronto

See the latest news on Yorkville Toronto Condos New Releases

Investing in New & Pre-construction Condos in Yorkville & Downtown Toronto?
How to get the Maximum Return On Investment

Buying a NEW CONSTRUCTION condo in Yorkville? What you need to know BEFORE you visit the sales office

Toronto Condo Checklist What you need to ask BEFORE you buy

Read about buying a condo in Toronto and TAXES that may apply

The History of the Village of Yorkville

See Yorkville Toronto Schools & Daycares with Quality Rankings & Reviews

Questions about Yorkville Toronto condos?

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

There is always a healthy supply of condominium units available for sale in the Yorkville area. However, the best suites, the units with the great floor plans, clear views and in the good buildings sell right away. Top valued condos sell within days and if you want the opportunity …

Just Listed FOR SALE Yorkville Luxury 2 Bedroom Condo With Fabulous Terrace

without comments

The Florian Residences Yorkville 
88 Davenport Rd Suite 404 Toronto
SOLD

The Florian Luxury Condos Yorkville 88 Davenport Rd Toronto Victoria Boscariol Chestnut Park Real Estate

• Stunning suite with south west exposure and tree top views overlooking Jesse Ketchum Park
• Approximately 1027 square feet plus 208 square foot terrace
• Superb finishes with hardwood flooring & top of the line stainless steel appliances
• Ten foot ceiling height

• Includes parking and locker
• Fabulous luxury building amenities include valet parking, 24 hour concierge, indoor pool, gym, party room and more
• Steps Yorkville restaurants & designer shops, University of Toronto & subway

See Floor Plans & Virtual Tour

I’d Like To Book A Showing To View This Suite

Florian Condos For Sale Yorkville 2 Bedrooms 88 Davenport Rd Toronto Suite 404 Victoria Boscariol Chestnut Park Real Estate88 Davenport Rd Yorkville Toronto Condos 2 Bedroom Units For Sale Victoria Boscariol Chestnut Park Real Estate
Florian Condos For Sale Yorkville Toronto 88 Davenport Rd Unit 404 Kitchen Victoria Boscariol Chestnut Park Real Estate88 Davenport Rd Toronto Condos The Florian Yorkville Kitchen Unit 404 Victoria Boscariol Chestnut Park Real Estate
The Florian 2 Bedroom Condos For Sale Yorkville Kitchen 88 Davenport Rd Toronto Victoria Boscariol Chestnut Park Real Estate88 Davenport Rd Unit 404 Living Dining Room Toronto Yorkville 2 Bedroom Condos Victoria Boscariol Chestnut Park Real Estate
The Florian Condos For Sale Yorkville 88 Davenport Rd Living Room Victoria Boscariol Chestnut Park Real EstateYorkville 2 Bedroom Condos For Sale 88 Davenport Rd Toronto Florian Master Victoria Boscariol Chestnut Park Real Estate
2 bedroom condos for Sale Yorkville Toronto The Florian 88 Davenport Rd Master Bedroom Victoria Boscariol Chestnut Park Real Estate88 Davenport Rd The Florian 2 Bedroom Condos For Sale 2nd Bedroom Victoria Boscariol Chestnut Park Real Estate
Florian Condos 88 Davenport Rd Suite 404 2nd Bedroom Victoria Boscariol Chestnut Park Real Estate88 Davenport Rd Toronto Suite 404 Bathroom Yorkville Condos For Sale Victoria Boscariol Chestnut Park Real Estate
Yorkville Condos For Sale Terraces Toronto The Florian 88 Davenport Rd Victoria Boscariol Chestnut Park Real EstateYorkville Condos For Sale Terraces The Florian 88 Davenport Rd Toronto Victoria Boscariol Chestnut Park Real Estate
Overlooking Jesse Ketchum Park Views From The Florian Condos Yorkville 88 Davenport Rd Toronto Victoria Boscariol Chestnut Park Real EstateThe Florian Condos Yorkville 88 Davenport Rd Toronto Indoor Pool Victoria Boscariol Chestnut Park Real Estate

Inclusions: Oven & Gas Stovetop with 5 burners, Panasonic Genius Microwave & Hood, Miele 2 Door Fridge, Perlick Wine Fridge, AEG Electrolux Dishwasher. Washer & Dryer. Window Coverings, Attached Electric Light Fixtures & Custom Closets. Parking & Locker.

Monthly maintenance fee $975.68 covers heat, water, building insurance, common elements & parking.

Taxes for 2015 $5,820.04

Pet Policy: Maximum two pets per unit with a maximum weight of thirty pounds per each pet.

I’d Like To Book A Showing To View This Suite

See Floor Plans & Virtual Tour

Find Out More About The Florian Condos

Find Out About Other Suites For Sale At The Florian Luxury Condos

ALERT ME WHEN SUITES ARE AVAILABLE FOR SALE AT THE FLORIAN THAT MEET MY REQUIREMENTS

SEE MAP OF YORKVILLE ANNEX CONDOMINIUMS CURRENTLY AVAILABLE FOR SALE

See MLS LISTINGS for Yorkville Toronto condos

See the most comprehensive GUIDE to Yorkville Toronto Condos

See Yorkville Toronto Condo Buildings With 3 Bedroom Suites

See Yorkville Toronto Luxury Penthouses

See Yorkville Toronto Condos Luxury Boutique Buildings of under 50 Suites

See Yorkville Toronto Condos Pet Friendly Buildings

See the latest SOLD PRICES and SOLD STATS for Yorkville Condos Toronto

See the latest Sales for Yorkville Toronto Condos by Building Address

Moving To Yorkville? Find Out More About The Toronto Neighbourhood Where Uptown Meets Downtown

Buying A Yorkville Toronto Condo? What you need to know before you buy in Yorkville

The History of the Village of Yorkville

See Yorkville Toronto Schools & Daycares with Quality Rankings & Reviews

Read about buying a condo in Toronto and TAXES that may apply

Toronto Condo Checklist What you need to ask BEFORE you buy

See the latest Yorkville Toronto New Condos Under Construction

See the latest Yorkville Toronto Pre Construction Condos

See the latest condo projects Planned & Proposed for Yorkville Toronto

See the latest news on Yorkville Toronto Condos New Releases

Investing in New & Pre-construction Condos in Yorkville & Downtown Toronto?
How to get the Maximum Return On Investment

Buying a NEW CONSTRUCTION condo in Yorkville? What you need to know BEFORE you visit the sales office

Questions about Yorkville Toronto condos?

Thinking Of Selling Your Yorkville Luxury Condo?  Contact Victoria

There is always a healthy supply of condominium units available for sale in the Yorkville area. However, the best suites, the units with the great floor plans, clear views and in the good buildings sell right away. Top valued condos sell within days and if you want the opportunity …

Going From Buyer To Toronto Property Owner: Its Not As Difficult As You Think

without comments

How The Real Estate Transaction Process Works In Downtown Toronto

For contracts and agreements in the sale of real estate to be legal in Toronto they must be spelled out on paper, rather than verbal, and signed by both the Buyer and Seller.

Going From Buyer To Toronto Property Owner The Real Estate Transaction Process Victoria Boscariol Chestnut Park

When you have found a Toronto home or condo you would like to purchase here’s how the whole buying process unfolds:

Your real estate agent will discuss with you comparable recent sold properties and once you decide on a price to offer, the agent prepares an Offer To Purchase.

The Offer To Purchase indicates not only the purchase price but also the closing date or the day you want to take possession of the property as well at the amount you will pay as deposit.  You do not have to be physically present in Toronto for the closing date.

The deposit is usually 5%-10% of the purchase price.  The deposit amount has to be in the form of a certified cheque, bank draft or money order from a Canadian bank made out to the Listing Brokerage.  It is held in trust with the Listing Brokerage and on the day of closing goes towards the purchase price.

An Offer To Purchase is not good forever but has a time limit date on it called an Irrevocable Date. If the Seller does not respond to your offer before this date your offer expires and therefore is no longer valid.

As a prospective buyer once you sign the Offer to Purchase, your agent will then present the offer along with the deposit cheque to the Seller through the Seller’s real estate agent.

The Seller can do one of three things in response to your offer.  He can counter-offer by making changes to your Offer To Purchase, this is known as a sign-back.  He can accept your offer or he can simply do nothing and let your offer expire.

Negotiations proceed back and forth on the Offer to Purchase until the buyer and seller both agree.

Once both the Buyer and Seller agree to the terms of the Offer To Purchase it becomes an Agreement of Purchase and Sale.  A copy of the signed Agreement is sent to your lawyer  who will review the conditions of the sale and note the closing date.

All conditions of the Agreement, such as home inspection, financing or review of the Status Certificate must be satisfied by the stated date.

For a condo purchase, the Agreement will be conditional upon your lawyer reviewing the condominium documents known as a Status Certificate which includes the by-laws, financials, and declaration of the condo building.   It may take up to 2 weeks for the condo building to supply these documents at a cost of $100.00.  Once your lawyer has reviewed these documents and finds them satisfactory you will sign a waiver.

If you are purchasing a house, the Agreement may be conditional upon a home inspection. You will only have a few days to do a home inspection so it is important to have an appointment with a home inspector arranged ahead of time.

The Agreement may also be conditional upon the Buyer getting financing for the property.  Your agent will send the Agreement to your lender or mortgage broker for approval.

If all conditions are met the Buyer signs a waiver and the sale of the property is no longer conditional but now firm.  If any of the conditions are not met during the stated time period a Buyer can cancel the Agreement.

Your lawyer completes a title search on the property to ensure that the seller is the legal owner of the property.  The lawyer also prepares a Statement of Adjustment which confirms the selling price and the amount the buyer has to pay the seller on the day of closing.  The buyer then provides these funds to the lawyer in trust.

On the closing day, the lawyer pays the funds to the Seller, registers the property in your name and provides you with a deed to the property.

Have Questions About Buying Real Estate In Toronto? Contact Me

Living Outside Of Canada & Thinking Of Buying Real Estate In Toronto Foreign Buyer's GuideVictoria Boscariol is a real estate agent in Toronto Canada with Chestnut Park Real Estate Limited Brokerage. With over 20 years experience, Victoria has been helping people successfully buy and sell condos and houses in Yorkville and downtown Toronto. As a Certified International Property Specialist (CIPS) she has worked with Buyers from around the world moving to Toronto from China, Russia, Brazil, India, South Africa, United Arab Emirates, Jordan, Cyprus, Italy, Germany, The United Kingdom, Australia and the United States.
Your Passport To The Perfect Property In Toronto

 

 

Foreign Buyers Guide To Purchasing Real Estate In Toronto

Requirements For Foreign Buyers Of Toronto Real Estate …What You Need To Know Before You Begin Your Property Search

Canadian Banks, Funds & Financing For Foreign Buyers Of Toronto Real Estate

How The Real Estate Market Works In Toronto Canada 

Taxes And Foreign Buyers Of Toronto Real Estate

Closing Costs For Foreign Buyers Of Toronto Real Estate

Selecting And Working With A Real Estate Lawyer When Buying Property In Toronto Canada 

Understanding The Paperwork..Important Elements of The Agreement Of Purchase & Sale When Buying A Toronto House Or Condo

How To Make An Offer & Negotiate The Purchase Of A Toronto Home Or Condo 

Real Estate Prices Around The World & Why Buying A Toronto Condo Is A Shrewd Investment

Urban Dictionary Of Real Estate Words, Terms & Meanings Unique To Toronto Canada

The Quick & Easy Guide To Canadian Taxes For Foreign Buyers Purchasing Real Estate In Toronto

without comments

Canadian Taxes & Foreign Buyers Of Toronto Real Estate

You do not need to be a Canadian citizen to own property in Toronto.  As a non-resident of Canada there are no restrictions on foreign ownership of Toronto real estate.  There are also no additional taxes foreign buyers must pay when purchasing real estate in Toronto. 

However, all buyers, whether local or foreign, who purchase real estate in Toronto are required to pay two Land Transfer Taxes (LTT) – one to the province of Ontario and one to the City of Toronto.  A purchase of a $1M home or condo in Toronto translates into approximately $32,200 owing in Land Transfer Tax.  A simple way to determine the approximate amount of funds you will need to set aside for land transfer tax is to use this Land Transfer Tax Calculator. 

If you are a first time home buyer you are eligible for certain rebates and tax credits.  In order to be considered a first time homebuyer you cannot have owned property before in your lifetime anywhere in the world. First time buyers can get a rebate of up to $2,000 which is equivalent to the first $227,500 of a property’s value for the Ontario Land Transfer Tax and a rebate of up to $3,725 which is equivalent to the first $400,000 of a property’s value for Toronto’s land transfer tax. 

If you are purchasing a new house or condo from the builder or buying a house that has been extensively renovated, the Harmonized Sales Tax (HST) of 13% will apply.  Buyers of new homes and condos can apply for federal and provincial government rebates to offset portions of the HST.  The HST does not apply on the purchase price of resale homes and condos.  Also a buyer does not pay Land Transfer Tax on the HST portion of the purchase price.

While there are no additional taxes for foreign buyers purchasing real estate in Toronto there are tax implications for foreign owners when they sell property in Toronto.  A foreign seller may be subject to a non-resident withholding tax of 25% on the sale price of the property.  Further details can be found on the Canada Revenue Agency website.  One should consult with their own accountant to fully understand the Canadian tax rules and implications of selling a property in Toronto as a foreign owner.

Once you are an owner of property in Toronto you will have to pay yearly property taxes to the City of Toronto.  The annual property tax is calculated by multiplying the tax rate and the current value of the property.  The City of Toronto mails out tax bills twice a year.

Have Questions About Buying Real Estate In Toronto? Contact Me

Living Outside Of Canada & Thinking Of Buying Real Estate In Toronto Foreign Buyer's GuideVictoria Boscariol is a real estate agent in Toronto Canada with Chestnut Park Real Estate Limited Brokerage. With over 20 years experience, Victoria has been helping people successfully buy and sell condos and houses in Yorkville and downtown Toronto. As a Certified International Property Specialist (CIPS) she has worked with Buyers from around the world moving to Toronto from China, Russia, Brazil, India, South Africa, United Arab Emirates, Jordan, Cyprus, Italy, Germany, The United Kingdom, Australia and the United States.
Your Passport To The Perfect Property In Toronto


Foreign Buyers Guide To Purchasing Real Estate In Toronto
 

Requirements For Foreign Buyers Of Toronto Real Estate …What You Need To Know Before You Begin Your Property Search

Canadian Banks, Funds & Financing For Foreign Buyers Of Toronto Real Estate

How The Real Estate Market Works In Toronto Canada 

Going From Buyer To Toronto Property Owner – The Real Estate Transaction Process In Toronto

Closing Costs For Foreign Buyers Of Toronto Real Estate

Selecting And Working With A Real Estate Lawyer When Buying Property In Toronto Canada 

Understanding The Paperwork..Important Elements of The Agreement Of Purchase & Sale When Buying A Toronto House Or Condo

How To Make An Offer & Negotiate The Purchase Of A Toronto Home Or Condo 

Real Estate Prices Around The World & Why Buying A Toronto Condo Is A Shrewd Investment

Urban Dictionary Of Real Estate Words, Terms & Meanings Unique To Toronto Canada