November Newsletter: The Best Hot Chocolate in Toronto – November Events – New Listings
November 10, 2020
Welcome to my November email!
If there is a positive to the pandemic, it’s prompted our city council to quickly approve changes that have historically taken years, including expanding patio capacity (CafeTO has officially been approved to go through winter) and further implement more bike lanes. Council just approved a study on bike lanes and patios on Yonge running from Bloor to Lawrence! Check below for an article on this along with some November events to enjoy, where to get the best hot chocolate & a neighbourhood focus on Little Italy.
The October numbers for Toronto’s real estate market are out and while the numbers overall are shockingly positive (sales are up by 25.1% compared to October 2019, the average price is up by 13.7% year over year), it really only tells part of the story. Toronto is a city of micro-markets. The number of condos on the market since last fall has doubled and condo sales are only up by just 2.2% with a year-over-year price increase of .8%. In some areas only about 20% of the properties being listed are actually selling. There is a shift in some sectors of the market, making it a great opportunity for first-time buyers. You can read the full market news below as well as check out some of my recent listings!!