New Condo development by Block Developments located at Dufferin St & Queen St W, Toronto.

Est. Occupancy: December 2022

Minutes to walk to the 301 & 501 Streetcar for travelling to work, play, entertainment or simply exploring all the city has to offer. Steps to Liberty Village, King West. Close to BMO Field, Exhibition Place, Lake Ontario, Forty York, the CNE and so much more! Close proximity to Gardiner Expressway. Minutes away to Trinity Bellwoods Park.

Amenities:
Barbeques, Catering Kitchen, Executive Concierge in Lobby, Fitness Center with Cardio & Weight Equipment, Lounge Areas with Fire pit, Dining & Meeting Room, Eco Friendly Green Roofs, Sunbathing, Designer Decorated Party Room with Full Kitchen, Pet Spa, Security Cameras, Rooftop Terrace Lounge

Prices Start from $1,334,900 - $1,745,900
957 sq ft to 1444 sq ft

Ceiling Height: 9" - 10"

For Booking please call:
Hojjatollah Izady
Realtor
HomeLife/Cimerman Real Estate Ltd., Brokerage
647-772-9502
hoizady@yahoo.com
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The central bank has raised its key policy rate from 0.25% to 1.5% since the beginning of March, while signaling even more aggressive increases could be coming next month.

“May picked up where April left off, with sales activity continuing to slow and softening prices in many parts of the country,” CREA Chair Jill Oudil said in a statement. “We are in a period of rapid change, but one that should settle to a more balanced housing market in time.”

Last week, at its annual review of the financial system, the central bank said those who bought homes during the pandemic could become vulnerable as rates rise because they took on high levels of debt to do so, and the meager equity they’ve built up so far could be wiped out as prices fall.

The markets driving the national price decline are smaller cities in Ontario that experienced the biggest gains during the pandemic boom, as buyers priced out of Toronto looked further afield. Cambridge, Ontario, about an hour outside Toronto, saw benchmark prices fall 4.6% in May from the previous month, while home prices in North Bay, almost four hours away, fell 4%, the data show.

In a sign the pain is starting to spread, the same pattern held around Vancouver, where the biggest losses in surrounding markets like Chilliwack, British Columbia, where prices fell 3%.

Still, the cooling in the national market has only brought activity back to levels that are more in line with historical norms. The number of sales in May was slightly above the 10-year average for the month, for example.

The ratio of sales to new listings, a measure of market tightness, fell to 57.5% -- a three-year low that is close to its longer-term average, data from the real estate association showed.
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