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Welcome to our August 2016 e-Newsletter!

The Toronto real estate market continues to set records! Almost 10,000 properties changed hands in July, with the average price for a detached home reaching $1.2M. You'll find full market news below along with details on fantastic new listing - a two-level townhouse on Gloucester Street! Don't miss the open house we're holding this weekend on Saturday and Sunday between 2-4pm.

Also below are links to some interesting articles; the new tax in B.C., TIFF movies, what $1M buys in different cities and some new patios with late night menus.

As always, I thank you for your past and future business and any referrals you may have are greatly appreciated.

Brian Elder
Sales Representative
Royal LePage Real Estate Services Ltd.
416 921 1112
Ontario looking 'very closely' at B.C. tax aimed at foreign homebuyers

Ontario's finance minister says he will be looking "very closely" at British Columbia's tax aimed at foreign homebuyers as he looks for ways to address eroding affordability in Toronto's housing market.

Charles Sousa says he welcomes the 15 per cent tax that the B.C. government will charge foreign nationals looking to snap up homes in Vancouver's scorching real estate market.

Click here for the full article
These 68 movies are coming to TIFF 2016

The 41st annual Toronto International Film Festival is less than two month away. And now we can finally start getting excited because we know what's going to be hitting the big screen from September 8 to 18.

Earlier this morning, TIFF CEO and director Piers Handling joined artistic director Cameron Bailey in a live press conference to announce the gala and special presentation films for 2016 festival.

Click here for the list
What a $1 million condo is like in Toronto vs other cities

How does a $1 million condo in Toronto stack up against other cities? You might be surprised at how competitive units are in this price range across the globe. Adjusted for the Canadian dollar, a million bucks certainly goes a bit further in Toronto than it does in New York and London, but the difference is less radical than you might think.

Click here to see the differences
Toronto's best new patios with great late-night menus 

At Grant van Gameren's new Mexican hot spot in the market (pictured above), the main attraction is mescal-lots and lots of mescal-which comes in folksy clay copipas. Platters of spicy, salty snacks (morita-dusted popcorn, puffy house-made Fritos, a crunchy cricket-peanut mix) help soak up the hooch. The lantern-lit patio facing Kensington Avenue just about doubles the teeny bar's capacity-and the people-watching is exceptional. 

Click here to find the patio
Terraced Townhouse Getaway  
86 Gloucester St. TH78 
Open House Saturday and Sunday from 2pm-4pm 
Take a look at this terraced townhouse getaway in the heart of the core! It features two levels, two bedrooms, a spacious living room with a separate dining room and a main floor powder room. The home offers the best of both worlds - condo conveniences and the independence of a house, right in the middle of the best treed street downtown! It's steps to the Manulife Centre, Yonge and Bloor, the Financial Core and the Church Wellesley Village vibe. This one feels like home!
Click here for the full listing
Market News 

TORONTO, August 4, 2016 -- Toronto Real Estate Board President Larry Cerqua announced that TREB REALTOR® Members reported 9,989 home sales through TREB's MLS® System in July 2016. At just shy of 10,000 transactions, this was the best result on record for the month of July. 

Click here for the report
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