Toronto's real estate market continues to be strong and steady, though we're no longer setting records in terms of the number of homes changing hands. However, records continue to be set with sale prices: the average price for a home in Toronto was $1,116,736 in May!!

Though bidding wars can push up the average price, it's ultimately the market that decides the value. My latest blog below discusses why you're seeing so many "Sold Over Asking" signs around the city.

You'll also find a link to all the things happening in Toronto this month. They're still mostly virtual, though Mirvish has announced one "in person" event.

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

Check out for exciting real estate opportunities!

Brian Elder
Sales Representative,
Royal LePage Real Estate Services Ltd. 
416 921 1112
The Best Fruit and Vegetable Stores in Toronto
The best fruit and vegetable stores in Toronto are small but mighty, and still offer the option of browsing out in the open air in front of their stores that chain supermarkets don't. These places are every neighbourhood's go-to for reasonably priced in-season produce.
Toronto Events For June
June is Pride month in Toronto! This year will include over 70 individual events showcasing more than 130 2SLGBTQ+ artists, 14 party collectives, and seven community committee programs. You can also check out the Eats Night Market starting June 4 - an internationally influenced night market showcasing street foods and drinks from around the world. And on June 17, kick back at home with the TD Jazz TDOT special, a concert showcasing some phenomenal Toronto-based jazz talents.
Why are some homes selling for so much over asking? It’s not a mystery!
In my humble opinion, the phrase “Sold Over Asking” has become meaningless and a bit of a joke.

It wasn’t so long ago that the majority of properties were priced based on what comparable properties had sold for. Many of those properties received offers from multiple buyers meaning that the property, more than likely, sold over asking. In those cases, the sale price wasn’t usually a truly significant number over the asking price; perhaps 10K or 20K more. There was a rule of thumb; 10K over for every offer received. Those days are gone.
Mirvish announces first indoor stage show since start of pandemic
Mirvish Productions announced a new date for a show billed as Toronto’s first indoor theatre production since the pandemic shuttered theatres and live performance venues across the country. Blindness — a socially distanced sound installation is currently set to premiere on August 4 at Toronto’s Princess of Wales Theatre.
Cabbagetown Gem
19 Gifford Street: $899,000
This well-maintained, 1920's Arts & Crafts-style, family home is located in one of the city's most desired neighbourhoods. Featuring 3 generous bedrooms, a private 2nd floor office and a large skylight that floods the home with natural light. Character-galore with gleaming hardwood throughout, refinished woodwork and remodelled period bath. A lovely mix of today's comfort with old world charm. Steps to transit, schools, Riverdale Parks and Farm, the restaurants, shops and boutiques of Cabbagetown and more!
SOLD: Radio City!
Radio City Condos! Stylishly re-imagined, one bedroom, industrial-inspired warehouse with a loft-style aesthetic, sun-soaked west city views, an oversized balcony and owned locker.
Toronto Real Estate Board Market News
Residential transactions reported through TRREB’s MLS® System remained high in May 2021, but fell short of the 2016 record and were below this year’s March peak. Despite a slight ebb in sales over the last two months, market conditions remained tight enough to push the average selling price to an all-time record in May.
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