Saturday, March 30, 2024
Dimitri Smith, 32, of Toronto, was stabbed to death in North York on Friday, Dean Joel Constance, 46, of Toronto, is charged
Dan Hakizimana, 19, left, and Fadel Naim, 19, are wanted for second-degree murder in Toronto
Alex Vinogradsky 39 of Thornhill gunned down in North York
Thursday, March 28, 2024
Tuesday, March 26, 2024
Toronto Neighbourhoods Where You Can Buy Below Average Price
As home sales and selling prices continued to edge upward in Toronto throughout February, prospective buyers operating under a tight budget might've found themselves wondering which neighbourhoods in the city offered the best bang for their buck.
The average price for a detached home in the city currently rests at $1,657,026, representing a notable 3.5 per cent decrease from the previous year. However, there are still many neighborhoods where buyers can find prices below this still-high benchmark.
Real estate listing agency Zoocasa recently mapped out home prices across 35 neighbourhoods in Toronto to find out which areas prospective buyers could buy a detached home below the city average.
All average detached home prices were sourced from the Toronto Regional Real Estate Board (TRREB), and mortgages were calculated assuming a 25-year amortization period and a 4.84 per cent fixed five-year mortgage.
Toronto neighborhoods where detached home prices are less than the city average. Map: Zoocasa.
The study found that the most affordable neighbourhood in Toronto is Rockcliffe, Smythe, Kellesdale and Eglinton West, where the average home price of $1,028,669 in February 2024 was $628,357 below the city average (though still notably over the $1 million mark).
The second most budget-friendly neighbourhood in the city is Rexdale, Kipling, West Humber and Clairville, where the average detached home price of $1,029,675 is still $627,351 below Toronto's average.
Other affordable neighbourhoods that offer average home prices below the T.O. average include Dorset Park and Kennedy Park, Morningside, Woburn, Bendale, Malvern and Rouge, and Birchcliff.
Toronto neighborhoods where detached home prices are lower than the city average as of February 2024. Photo: Zoocasa.
"For houses near the Toronto benchmark average within downtown, two neighbourhoods stand out: Regent Park, St. James Town and Corktown, as well as Leslieville, Riverside and Little India," the report added.
"Leslieville, Riverside and Little India boast homes averaging $1,632,400, the closest to the average price in the city. With a minimum down payment of 20 per cent, the average mortgage will likely cost around $7,477 per month."
On the other side of the spectrum, the study found that prospective buyers in York Mills, Bridle Path and Hoggs Hollow area can expect to dish out $2,639,224 above the city average, as the average detached home price stands at a staggering $4,296,250.
Unsurprisingly, the Yorkville, Annex and Summerhill neighbourhood also boasts exorbitant home prices, with the average house price of $3,307,600 running buyers $1,650,574 above the city average.
"In Toronto's central neighbourhoods, one-third of houses surpass the $2 million mark, reflecting the city's demand for move-in-ready detached houses," the report found.
"Through this analysis, it's clear that there’s a significant price gap between the most affordable and the most expensive neighborhoods for detached homes in Toronto. While houses in the cheapest neighbourhood average $1,028,669, those in the priciest neighborhood average $4,296,250. It's a $3 million dollar difference worth watching."Toronto Home Listed For Sale Has Been In the Same Family Since 1948
We love a home with a story to tell, and when it comes to 111 Donlands Avenue, it's a story of pride of ownership and a family's love that has spanned generations.
Built in 1921, this semi-detached home in the heart of Danforth Village has been lovingly owned by the same family since 1948!
"The original mortgage in 1948 was $3,473.63. [The] monthly payment was $8.35 and interest rate was five per cent. The house was insured for a replacement value of $3,600," listing agent Kalev Koop told blogTO.
The front hall of the home, which boasts stunning wood finishes.
While we're seething with jealousy at those prices, we can't help but think that almost 100 years later, the place is still a true gem.
The foyer has welcomed many generations of the same family.
As you approach the house, you're greeted by a charming brick exterior with striped green awnings that has plenty of curb appeal.
The living room.
Inside, the house is a bit of a time warp.
The dining room.
There's wall-to-wall carpeting, vinyl tiles, wood panelling and everything you'd expect to find in a home that's been under the same ownership for 76 years.
The charming old-world kitchen.
But thankfully the home has been incredibly well maintained and the layout offers loads of potential to add your personal touch.
One of the bedrooms, which features wall-to-wall carpeting, like many of the rooms in the house.
Whether you're looking to move in and renovate to suit your taste, or create your perfect home from scratch, this property is full of possibilities.
The primary bedroom in the house.
It has three spacious bedrooms, two bathrooms and a finished basement that features a cold cellar, a rec room, a three-piece bathroom and a laundry area.
The basement laundry room with its wood panelling.
There have also been some updates since the late '40s – namely, a newer high-efficiency gas furnace and an updated electrical panel.
The garage.
Another one of the highlights of this property is the large 340 square-foot garage, a rare find in the city.
Another of the three bedrooms.
Not to mention the house's location couldn't be more perfect – right in the heart of Danforth Village, close to everything.
The main bathroom, meticulously maintained.
Public transit is right outside your front door, and it's just a six-minute walk to Donlands Station.
A cute and practical mudroom off of the kitchen.
The vibrant shops and restaurants on the Danforth are also just a stone's throw away, offering endless options for entertainment and dining.
The home has a spacious front porch.
As for outdoor space, 111 Donlands Ave. has a large front deck with a retractable awning, providing shade and a perfect spot to relax on hot, sunny days.
Inside the garage.
The good-sized, fenced backyard offers a safe area for kids to play or for you to BBQ and entertain family and friends.
The backyard.
111 Donlands Ave. is listed for $799,000.Please share thisVintage Ad of Toronto House Selling for $16,745 Shows the Real Cost of Living.
The prospect of owning a home has sailed far beyond reach for many in Toronto, but there was a time in the not-too-distant past when even blue-collar single-income families could comfortably afford to purchase a house in the city.
A vintage ad making the rounds on social media this month is underscoring the soaring costs of housing in today's real estate market compared to the almost unbelievably low sticker price of a two-storey home sold in the early 1960s.
The ad for a home model known as The Crestwood offered a starting price of just $16,745 for the single-detached house in the Finch and Leslie area, maxing out at $19,495 with an attached garage.
According to The Bank of Canada's inflation calculator, that base price of $16,745 in 1963 would translate to $166,194.13 in 2024 dollars — which is still just a fraction of the average home price in Toronto today.
The average price of a detached house in the region reached $1,443,612 in February 2024, which is almost ten times the cost of these detached homes 61 years earlier.
The ad has popped up many times over the years, including in a Reddit post in 2022, and more recently resurfacing on Facebook groups and Instagram pages in March 2024. And each time the ad reappears, heated discussions on the current state of the market always follow.
Commenters on the recent Facebook re-post — many who were brought up in the era these homes were sold — lamented the market conditions faced by the current generations.
"My dad paid his house $30,000 in 65. Half acre lot with large home. Our poor kids will be paying a mortgage still at retirement," says one user.
Another user explained how much things have changed since the era this advertisement was produced.
"My father a clerk in a manufacturing setting in the late fifties could buy a new four bedroom home in Toronto a new car every four or five years and along with a stay at home mom, raise five kids."
"The corporate war against unions is a huge factor in the downward slide of working class families. Today, two professional incomes would not produce the same results as my grade ten dad achieved."
Another comment notes how, "even with inflation factored in, that is still a pretty sweet deal compared to today."
"Nowadays it's almost impossible to buy a home, and even if you successfully jump through all the hoops you will most likely be housepoor and unable to afford much outside of your mortgage!"
Meanwhile, the cost of owning a home in Toronto in 2024 continues to increase. It will now require an average annual income of $214,100 to afford a home in the city. Even if you already own a property like a condo, rising maintenance fees are adding to the ever-increasing cost of living in Canada's largest city.Please share thisSunday, March 24, 2024
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Saturday, March 16, 2024
Toronto crime: homicides and murders. Let's have a look at Toronto police's most wanted list.
Please share thisWho is doing the murders in Toronto? Let's have a look at Toronto police's most wanted list. pic.twitter.com/UZt14O0gIx
— Way of the World (@wayotworld) March 16, 2024
Friday, March 15, 2024
Wednesday, March 13, 2024
CTV News Toronto at Six for Mar. 12, 2024. Arrest after daylight shooting in Regent Park kills two
One person was arrested, and two officers were injured in a foot chase following a shooting in Regent Park that killed two males; neighbours and family members have identified one of the victims of a deadly Mississauga house fire as resident Alice Kret; and, two prospective renters thought they had found their next home on Rentals.ca, only to be scammed out of hundreds of dollars.
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