Welcome to my February email newsletter!

The sales statistics for January have arrived and they paint an interesting picture. Detached home prices in Toronto have stumbled 4% year-over-year. That being said, every other sector's prices have increased in January. Condos lead the way with a 15% increase year-over-year with an almost 2% increase in January alone.

The amount of listings to date in 2018 has been minimal, the second lowest for January in 10 years. I believe this lack of inventory will eventually give way to an upward trend in prices lead by the city's continually hot condo market.

Click here for the Toronto Real Estate Board numbers and scroll down for a piece from the CBC on the market. 

If you are planning on buying or selling in the coming months or have questions about the market, please get in touch!

Andrew

Andrew Dunn
Sales Representative
Forest Hill Real Estate Inc. Brokerage
416 459 8854
email 
The Dunn Difference

By working with Joel Bray Designs and some exceptional photographers, we transform spaces into desirable homes. This service sets me apart from other realtors when listing your home. Here are a few before and after shots from our recent listing which attracted massive attention, multiple offers and enabled us to sell nearly $10,000 over the exact same unit on another level of the building!
Dining Room: Before
Dining Room: After
Master Bedroom: Before
Master Bedroom: After
Living Room: Before
Living Room: After
Average price for detached homes in downtown Toronto fell 4% in past year
Detached house prices fell but condos went up by 15%.

The closely watched Toronto housing market showed signs of a slowdown last month, as the price of benchmark detached homes fell by almost four per cent in the past year, although condos appreciated by more than three times that amount.

Click here for the article
What you get for $500,000 in different Toronto neighbourhoods
Depending on where you're looking and how much renovations have been done, the options range from a new (but 500 square foot) one bedroom condo to a unit that needs some renovation, but offers 842 square feet.

Click here for the article
The Best New Restaurants from 2017
The best new restaurants in Toronto are usually packed and always delicious. In true Toronto fashion these great arrivals run the gamut from Korean to Thai, Armenian to Eastern European, Italian to Peruvian. These are ones for the to-do list.

Click here for the list
Is Patterned Velvet The New Wallpaper?
Upholstered walls, including velvet, have been taking interiors to the next level for centuries. This luxurious look can be difficult to DIY if wrapping an entire room, but applying fabric to the upper portion of your walls and finishing it off with a plate rail-height molding is an easier and cost-effective way to install velvet as a wall covering.

Click here for the article
$2,000 donated to You Can Play in 2017
I have made a further $1,000 donation to the You Can Play project on behalf of 2 clients in December. This brings the yearly contribution to this great organization to $2,000. My goal is to double that in 2018.
 
I am active in the Toronto Gay Hockey Association and sponsor a team in the league. Each time a member or referral from a member makes a real estate transaction using my services I will donate $500 to the You Can Play Project.
Toronto Getting Its First Cider House
We've got microbreweries, brewpubs, taprooms, alehouses, a thriving craft beer scene and – in just a few weeks – Toronto will have a ciderhouse, too. 

Brickworks Cider just announced that it will be opening "the first urban ciderhouse in Canada" this February at Queen and Broadview, right in the heart of Toronto's beer mecca.

Click here for the full article
Not intended to solicit buyers/sellers already under contract

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