| Elli's Newsletter

Welcome to February! Despite the wintery weather, this month offers a vast assortment of events to keep every member of the family entertained.

The most anticipated culinary celebration, Winterlicious, is back for 2015 and continues until February 12. This is the perfect opportunity to discover diverse cuisine with prix-fixe meals from top Toronto restaurants and to take part in unique culinary events.

The annual Toronto Sportsmen’s Show, held at the Direct Energy Centre February 5 – February 8, has introduced many generations of Canadians to the allure of outdoor activities. Many people, old and young alike, have had their first fishing, archery and outdoor experiences at this show. The tradition continues with parents bringing their children to experience the same. Outdoor enthusiasts gather to learn about the latest tips and techniques from the professionals while experiencing the latest in new products.

The Metro Toronto Convention Centre is host to the Canadian International Auto Show February 13 – February 22. This exceptional show provides the total Automotive experience with over 600,000 square feet of displays, prizes and exhibits.

February, although the shortest month of the year, is one that brings people together as we celebrate Valentine’s Day and Family Day. I truly wish you all the best as you celebrate these special days with family and close friends.


Newsletter Contents

71 Charles Street #1403 – $555,000

“Paxton Place” Steps To Yonge/Bloor Hub! Generous 2-Bedroom Suite With 2 Recently Renovated Washrooms. Combined Living/Dining Room With Wood Burning Fireplace & Built-In Bookshelves, Ensuite Locker & Laundry, 1 Parking Space. Approximately 1,340 Square Feet (Per Builder’s Floor Plan). Building Amenities Include Concierge, Security System, Indoor Pool, Sauna, Party Room, Rooftop Deck And Visitor Parking. Close To Public Transit, Dining, Entertainment, U Of T, Gardiner Expressway And Don Valley Parkway.

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33 Harbour Square #1426- $549,000

Luxurious Harbour Square! Superb South Lake View From Spacious Combined Living/Dining Room With Juliette Balcony, Eat-In Kitchen, Second Level Bedroom With North City View & 4 Pc Bath. Approx. 1,047 SqFt. One Parking & Ensuite Storage. Building Amenities Include Concierge, Security Guard, Indoor Pool, Deck, Sauna, Exercise Room, 2 Squash Courts, Library, Visitor Parking & Shuttle Bus. Direct Access To Westin Harbour Hotel. Minutes To Financial District, Entertainment, Shops, The Island & Harbourfront!

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1 Deer Park Crescent #301- $355,000

Best Value In Yonge/St. Clair Neighbourhood! Freshly Painted In Modern Neutral Tones! New Appliances Include Stainless Steel Stove, Refrigerator And Dishwasher. Open Concept Kitchen With Granite Counters. Hardwood Floors. Quiet North-West Location With Large Open Balcony. Parking And Locker. Superb Amenities Include Concierge, Security System, Party Room, Exercise Room, Rooftop Deck And Visitor Parking. One 30Lb Dog Or 2 Cats Allowed. Prime Location Steps To Transit, St. Clair Subway Station, Parks, Shops And Dining.

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Elli Davis News

Thinking of Buying? Thinking of Selling?

Visit our website for the Buyer’s Guide and Seller’s Guide or feel free to contact me at mail@ellidavis.com and I will get right back to you.

Real Estate News

Major Banks Cut Prime Lending Rate

Canada’s biggest banks have lowered their prime lending rates, after a recent rate cut by the Bank of Canada. The key overnight rate was dropped by one-quarter of a percentage point to 0.75% as “insurance” to soften the impact that collapsing oil prices will have on the Canadian economy.

The impact that these low rates have on the real estate market is enormous. It can provide people who may not have been able to consider buying a property, or upsizing their current home, the opportunity to do so. This is especially true in a city like Toronto where the housing market has been on a steady increase for years.

For more details on the rate cut, as well as predictions for the spring market, read the full article.

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Market Watch Report

January 2015: Strong Start to 2015

Toronto Real Estate Board President Paul Etherington announced a strong start to 2015, with robust year-over-year sales and average price growth in January. Greater Toronto Area REALTORS® reported 4,355 home sales through the TorontoMLS system during the first month of the year. This result represented a 6.1 per cent increase over January 2014. During the same period, new listings were up by 9.5 per cent.

The average selling price for January 2015 home sales was up by 4.9 per cent year-overyear to $552,575. The MLS® Home Price Index (HPI) Composite benchmark was up by 7.5 percent compared to January 2014.

“Home price growth is forecast to continue in 2015. Lower borrowing costs will largely mitigate price growth this year, which means affordability will remain in check. The strongest rates of price growth will be experienced for low-rise home types, including singles, semis and town houses. However, robust end-user demand for condo apartments will result in above-inflation price growth in the high-rise segment as well,” said Jason Mercer, TREB’s Director of Market Analysis.

Click here for the full report

Toronto Events Calendar for February

Once (February 10 – May 31, 2015)

Set in modern day Dublin, Once is the story of a Guy who gave up on his music – and his love – and the Girl who inspired him to dream again. This breathtaking production features unforgettable songs, including the Oscar award winning “Falling Slowly”, and stars an energetic and talented all-Canadian cast. Presented at the Ed Mirvish Theatre.

Bloor/Yorkville Icefest  (Saturday Feb. 21 & Sunday Feb. 22, 2015)

This year marks the 10th anniversary of the Bloor-Yorkville Icefest, bringing together members of the community to celebrate all things winter and help others along the way! This year’s theme is “Frozen in Time” and will feature ice sculptures of ancient Egyptian pharaohs, gods and more! As February is Heart Health month, donations can be made to the Heart and Stroke Foundation in exchange for Kiddie Pops (ice cubes with toys in the centre) or samples of pure maple syrup taffy. This event is free, so bundle up and head out with your family and friends…and don’t forget your camera!