Search Results for: annex
Annex Neighbourhood Real Estate Market Report – October 2022
Annex Neighbourhood Real Estate Market Report – October 2022
As the city becomes busier, the University of Toronto students settle back in after a topsy-turvey couple of years the activity in the Annex also picks up. Rentals are doing incredibly well, and those with ideal houses are also seeing better success than other areas in Downtown Toronto. It’s simply a matter of time before the real estate market picks up more steam with the increased city life. It’s worth noting that fixed mortgage rates have been stable, despite the interest rate hike discussion in the variable rate lending industry. 80% of Canadian mortgage holders hold fixed (currently stable) rates.
Annex Neighbourhood Real Estate Market Report – September 2022
Annex Neighbourhood Real Estate Market Report – September 2022
Summer is always a slower time in Annex real estate. The reason being is that many Annex residents are fortunate enough to own cottages and country homes. We mention the slower effects of summer because the Annex is one of the wealthier areas; when the market slows down, the Annex will continue to transact due to its higher-end real estate and always-in-demand location. It’s now back to school, so we can expect an increase in Annex houses and condos over the next two months.
Some of the sales figures can be a result of the quieter Summer. However, there are indeed signs of a softening market in the Annex.
Annex Neighbourhood Real Estate Market Report – August 2022
Annex Neighbourhood Real Estate Market Report – August 2022
The Summer months are quiet on the real estate front. July of 2022 is no different. Some of the sales figures can be a result of the quieter Summer. However, there are indeed signs of a softening market in the Annex.
Annex Neighbourhood Real Estate Market Report – June 2022
Annex Neighbourhood Real Estate Market Report – June 2022
June 2022 was another month of far fewer sales in the Annex. It is worth noting that condos are selling for far less than the asking price, whereas houses sell relatively close to the asking price. The Annex doesn’t often have a lot of sales – which keeps the area in high demand. There were a total of 12 transactions. Keep in mind that with so few trades, the values can be skewed with more lower-priced condos and houses versus higher-priced homes – our overall annual markers will provide a better sense of value increase, which you can reach out to us here to discuss.
The Annex
Known as one of Toronto’s most beloved and unique downtown neighbourhoods, The Annex is an eclectic area with youthful vibrancy and a hip urban feel. Within the Annex Toronto neighbourhood, you’ll find everything, from urban sushi restaurants and wallet-friendly pizza joints, to second-hand bookstores and neighbourhood cafes. Despite all the great neighbourhood stores and shopping […]
Annex Neighbourhood Real Estate Market Report – May 2022
Annex Neighbourhood Real Estate Market Report – May 2022
May 2022 was yet another month with minimal sales. It is worth noting that condos are selling for less than the asking price, whereas houses are basically selling for the asking price. Considering the Annex doesn’t often have a lot of sales there are therefore very few sales – which keeps the area in high demand. There were a total of 11 transactions.
