sunnylea

,

The Best of The Kingsway!

,

The Spa at the Old Mill

Summer is coming and it is the perfect time to get out and support our beloved local west end Toronto businesses, who suffered so much throughout the pandemic. To help you find the best places to eat, play and shop, we are updating our neighbourhood pages and will be highlighting a different west end Toronto area over the next few months. Next up The Kingsway!

AVERAGE SALE PRICE (2022)

The Kingsway | $2.45M

TYPE OF HOMES

Detached Tudor style, mostly 2-storey (with some bungalows), set back from the street with private driveways & garages

Est.

1920’s

fun fact

The Kingsway area was established by Robert Home Smith and the names of the streets (Queen Anne, Kingsgarden, King George) were chosen to emphasize English respectability & attract affluent buyers 

the kingsway/sunnylea schools

Etobicoke Collegiate

 
 

Public | Sunnylea JS (JK-5), Park Lawn JMS (JK-8), Lambton Kingsway JMS (JK-8), Etobicoke Collegiate (9-12)

French | Rosethorn & Islington (immersion), Briarcrest & Second Street (extended), Richview CI (high school)

Catholic | Our Lady of Sorrows (JK-8), St. Mark (JK-8)

THE kingsway/sunnylea NEIGHBOURHOOD

  • restaurants, bars & shopping located along Bloor Street between Montgomery & Prince Edward

  • easy access to buses on Royal York & Prince Edward, as well as the Royal York subway station

  • easy commute downtown by highway or TTC

  • Brentwood Public Library is located on Brentwood Road North

  • the 'Taste of the Kingsway' is celebrated along Bloor Street every September

  • beautiful wide streets & big mature tress are signature features of this highly desirable & well established area

The Crooked Cue

INDULGE.

Etobicoke Real Estate Agents

King’s Mill Park

PLAY.

Etobicoke Real Estate Agents

Oleander Floral Design

SHOP.

 

To find out about other amazing neighbourhoods and the best places to eat, play and shop in Toronto’s west end, check out our neighbourhoods page. If you would like more information about this fabulous west end Toronto neighbourhood or if we are missing one of your favourite local businesses, please feel free to drop us a line at info@westsidestoreys.com - we are always available for your quesitons!

West End Toronto Real Estate Market Update - March 2021

toronto-real-estate-market-statistics-march-2021.png

For the third straight month of 2021, record home sales continued in March across the Greater Toronto Area (GTA) with buyers taking advantage of favourable borrowing costs and continued improvement in many sectors of the economy.

GTA REALTORS® reported 15,652 sales in March 2021 – close to double that of March 2020. While sales were strong, it is important to remember that for the second half of March we are comparing against the initial impact of COVID-19 in the second half of March 2020 when sales activity dropped off dramatically. With this in mind, it is important to consider annual sales growth for the pre-COVID period (March 1 to 14, 2020) and COVID period (March 15 to 31, 2020):

- There were 6,504 sales reported during the first 14 days of March 2021 - up 41 per cent compared to the pre- COVID period in March 2020.

- There were 9,148 sales reported between March 15th and March 31st 2021, an increase of 174 per cent compared to the COVID period of March 2020. This is a stark reminder of the initial impact COVID-19 had on the housing market and overall economy a year ago.

For March 2021 as a whole, new listings were up 57 per cent year-over-year to 22,709. While representing a strong year-over-year increase, the annual growth rate for new listings was well-below that of sales.

The MLS® Home Price Index Composite Benchmark for March 2021 was up by 16.5 per cent compared to March 2020. The average selling price, at $1,097,565 was up by 21.6 per cent over the same period. Following the recent trend, low-rise home sales in regions surrounding the City of Toronto drove price growth.

1.png
2.png
3.png
4.png
5.png
6.png

Click here if you would like to compare these numbers to last month’s numbers.

If you would like further information about current market conditions, or if you are considering a move and would like to know how much your house is worth, feel free to get in touch, we are always available for your questions!

West End Toronto Real Estate Market Update - February 2021

february_2021_Toronto_real_estate.png

Record home sales in the Greater Toronto Area (GTA) continued in February as buyers remained confident in their employment situations and took advantage of ultra-low borrowing costs. With multiple buyers continuing to compete for many available listings, double-digit annual price growth was the norm throughout the GTA, with stronger rates of growth in the suburbs surrounding the City of Toronto.

GTA REALTORS® reported 10,970 sales through TRREB’s MLS® System in February 2021 – a 52.5 per cent increase compared to 7,193 sales reported in February 2020. Looking at all areas of the GTA combined, the condominium apartment segment led the way with a 64 per cent sales increase compared to last year, with similar rates of increase in the ‘416’ and ‘905’ area codes.

“It’s clear that the historic demand for housing experienced in the second half of last year has carried forward into the first quarter of this year with some similar themes, including the continued popularity of suburban low-rise properties. It’s also evident that the supply of listings is not keeping up with demand, which could present an even larger problem once population growth picks up following widespread vaccinations later this year and into 2022,” said TRREB President Lisa Patel.

The MLS® Home Price Index Composite Benchmark was up by 14.8 per cent year-over-year in February 2021. Over the same period, the average selling price was up by 14.9 per cent to $1,045,488. While market conditions were tight throughout the GTA region in February, the detached, semi-detached and townhouse market segments in suburban areas were the drivers of average price growth, with annual rates of increase above 20 per cent in all three cases.

“In the absence of a marked uptick in inventory, the current relationship between demand and supply supports continued double-digit average home price growth this year. In addition, if we continue to see growth in condo sales outstrip growth in new condo listings in Toronto, renewed price growth in this market segment is a distinct possibility in the second half of the year,” said TRREB Chief Market Analyst Jason Mercer.

We have broken down the west end Toronto real estate numbers so that you can see exactly how your neighbourhood is doing!

real_estate_roncesvalles_swansea.png
real_estate_high_park_junction_bloor_west.png
real_estate_rockcliffe_smythe.png
Toronto_real_estate_mimico_long_branch.png
Toronto_real_estate_etobicoke_sunnylea.png
Toronto_real_estate_central_etobicoke_the_kingsway.png

Click here if you would like to compare these numbers to last month’s numbers.

If you would like further information about current market conditions, or if you are considering a move and would like to know how much your house is worth, feel free to get in touch, we are always available for your questions!

West End Toronto Real Estate Market Update - August 2020

west_end_toronto_real_estate.jpg

Toronto Regional Real Estate Board (TRREB) President Lisa Patel announced that the strong rebound in Greater Toronto Area (GTA) home sales continued with a record result for the month of August. GTA REALTORS® reported 10,775 residential sales through TRREB’s MLS® System in August 2020 – up by 40.3 per cent compared to August 2019.

Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. It should be noted that the low-rise market segments, including detached and semi-detached houses and townhouses, were the drivers of sales growth. Condominium apartment sales were up on an annual basis for the second straight month but to a lesser degree.

“Increased demand for ownership housing has been based on improving economic conditions, in terms of monthly GDP growth and job creation, and the continuation of very low borrowing costs. In addition, fewer households have chosen to go on vacation as a result of COVID-19 and instead have remained in the GTA and been active in the housing market, satisfying pent-up demand from the spring,” said Ms. Patel.

Both the number of new listings entered into TRREB’s MLS® System during the month and the number of active listings at the end of the August 2020 were up on a year-over-year basis. While new listings were up strongly for all home types, growth in new condominium apartment listings far outstripped growth in the other market segments.

“Generally speaking, market conditions remained very tight in the GTA resale market in August. Competition between buyers was especially strong for low-rise home types, leading to robust annual rates of price growth. However, with growth in condominium apartment listings well-outstripping condo sales growth, condo market conditions were comparatively more balanced, which was reflected in a slower pace of price growth in that segment,” said Jason Mercer, TRREB’s Chief Market Analyst.

The MLS® Home Price Index Composite Benchmark was up by 11.1 per cent in August 2020 compared to August 2019. Over the same period, the overall average selling price was up by 20.1 per cent to $951,404. Annual detached and semi-detached sales growth was stronger in the comparatively more-expensive City of Toronto compared to the surrounding GTA regions, which helps explain why growth in the overall average selling price outstripped growth in the MLS® HPI Composite Benchmark.

roncesvalles_west_end_toronto_real_estate.png
bloor-west-village_the-junction_west_end_toronto_real_estate.png
rockcliffe-smythe_west_end_toronto_real_estate.png
mimico_new-toronto_long-branch_west_end_toronto_real_estate.png
sunnylea_etobicoke_west_end_toronto_real_estate.png
the-kingsway_etobicoke_west_end_toronto_real_estate.png

Click here if you would like to compare these numbers to last month’s numbers.

If you would like further information about current market conditions, or if you are considering a move and would like to know how much your house is worth, feel free to get in touch, we are always available for your questions!