Archive for October 2020

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Good Food Every Day

A few months before the Covid-19 lockdown I decided to try a meal kit delivery service called GoodFood.  Using my computer, I chose how many meals I wanted and how many servings of each meal. I decided to let them surprise me on choice, although you also have the option of pre-selecting which meals you want to be delivered. You can choose from at least 30 different meals, so you can have a different meal every day. I started with four meals per week. My first delivery arrived on my doorstep on Sunday morning with a friendly text me informing me that my meals had been delivered. The first meals were Fresh Udon Noodles with Ground Pork, Seared Chicken Breast with Lemon-Basil Salsa, Couscous-Stuffed Zucchini, and Cod Agrodolce. I wasn’t sure what Udon noodles or Agrodolce were, but I am happy to try new things, and fortunately, each meal comes with step-by-step recipe instructions with pictures.

When I opened the box this week, I found three plastic bags, each containing ingredients for one meal: Maple-Brown Butter Sweet Potatoes, Cheddar, Scallion and Roasted Squash Orzotto, and Mee Goreng with Fresh Shanghai Noodles (crunchy vegetables & spiced peanuts). At the top of the box were also the recipes.

  

I decided to start with the Shanghai Noodles.

I always set out all of the ingredients and then decide what I need to do with what.

The recipes are easy to follow and usually only take 30 minutes or so to prepare.  Although I like to cook, I know the instructions would also be a great resource for young or old novice cooks. The directions are clear, concise, and easy to follow.

 

What I really like is that the servings are generous, but properly portioned for the number of servings.
No leftovers, but a single person could also order two servings of each meal and enjoy the leftovers the next day. I was glad I discovered this service, because once the Covid-19 lockdown started, I relied on the convenience of not having to go out to the grocery store.

Always an adventure in GoodFood.

       www.MakeGoodFood

September 2020 Toronto Real Estate Market Report

 

September 2020 Toronto Real Estate Market Report

We are running out of superlatives. September’s residential resale market performance was another record-breaking month, for the fourth consecutive month. 11,083 properties were reported sold; a 2.9% increase compared to the 10,775 properties sold a month earlier. Compared to September 2019, sales improved by 41.6%. There were 7,825 residential properties reported sold last year in the same month. September’s numbers are a continuation of the Toronto real estate marketplace delay in the missed Spring market. Days on Market (DOM) fell to 16 from an already incredibly low of 17 days.

Sales were up again on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions. In September the average sale price for all properties sold in the greater Toronto area came in at $960,772, slightly more than August’s average price of $951,404, but a healthy 14% higher than September 2019’s average price of $843,115.

In the City of Toronto, the average sale price is even higher. It came in at $1,022,051. It is also worth noting that the higher end of the marketplace continued to be robust. In September 461 properties having a sale price of $2 million or more were sold. By comparison, only 248 properties in this category were reported sold last year, a healthy increase of 86%.

In September condominium sales were up 14.3% compared to last year. Sale prices also rose by 10% to $637,420 in the Greater Toronto area. In the City of Toronto’s central core, the average sale price was higher than last year at $762,262. It should be noted, however, that this number is down from $839,895 last month, a decrease of 9.2%.

Early October results indicate that the resale market will produce strong numbers once again this month. Sales recorded in the first week of October are up keeping pace with the same period in 2019.  Condominium sales have softened, down 40% in the first week of October over the same period last year. The statistics are starting to support anecdotal evidence of fewer condo showings. The increase in sales of detached properties of almost 30% and an increase of sales of semi-detached properties of almost 50%, provides contrast to condominium sales, which were up less than 7%. This trend is something for us to keep an eye on.

While the number of sales in the City of Toronto is 30% higher than last year at 3,500, the 905 regions are up over 50% higher. This points to what many have noticed, a drive to exit the core of the city (especially condominium apartments) in favour of ground-level homes with more green space. The fact that so many people can now work from home has probably accelerated this outward migration.

September 2020 Real Estate Crushes of the Month

Just a few of the many listings that caught my eye this month.

 

 

 

Chip Has A New Brokerage

Chip Barkel exp

 

 

 

August 2020 Toronto Real Estate Market Report

Toronto Real Estate Market Infographic

August 2020 Toronto Real Estate Market Report

August’s residential resale market performance was record-breaking. Almost 10,775 properties were reported sold, a 10.5% increase compared to the 9,363 properties sold a month earlier. Compared to August 2019, sales improved by 40.3%. There were 7,682 residential properties reported sold last year in the same month. August numbers are confirmation that the Toronto real estate marketplace continues to rebound from a largely absent Spring market. This is supported by a very low average 17 days on market (DOM) for homes to sell.

Sales were up on a year-over-year basis for all major home types, both in the City of Toronto and surrounding GTA regions, largely driven by low-rise housing (detached, semi-detached, and townhouses). Sale of condominium apartments were up as well, but to a much-lesser degree.  In August the average sale price for all properties sold in the greater Toronto area came in at $951,404, another record-breaking average sale price, beating out July’s record of $943,719. By comparison, last August the average sale price was only $792,134. In spite of the 2020 Covid-19 pandemic, today’s average sale price is 20% higher than only a year ago.

In the City of Toronto, the average sale price is even higher. It came in at $1,012,506. This number is particularly impressive when it is remembered that it includes 9,348 condominium apartment sales out of a total of 19,082 properties reported sold. Subtracting condominiums from this and the average came in at $1,505,000. It is also worth noting that the higher end of the marketplace exploded in August. In August 231 properties having a sale price of $2 million or more were sold. By comparison, only 98 properties in this category were reported sold last year, an eye-popping increase of 236%. This is likely due to the resurgence of equity markets that have bolstered the confidence of purchasers of higher-priced properties and possibly due to fewer people being on vacation this year over last year.

The entire residential market has not reacted to the pandemic and its impact on the local economy equally. August saw a big increase in inventory of condominium apartments. This could be due to the changes to municipal regulations around short-term rentals and also the landlord-tenant relationship implications arising from Covid019.

In August condominium sales were down 15% compared to last year. Sale prices, however, rose by 9.8% to $685,471 in the greater Toronto area. In the City of Toronto’s central core, the average sale price was a stunning $839,895.

Early September results indicate that the resale market will produce strong numbers once again this month. Sales recorded in the first week of September are up 75% over the same period in 2019.  Mortgage interest rates of less than 2% will continue to propel the Toronto and area resale market, even in the face of the negative economic impact of the pandemic. Those rates are expected to remain low over the next 12-15 months.