1,250 Sq Ft. - Reno W/Top

Quality Finishings. Raised Ceil, Kit. w/ gran. counter-tops & flrs, Marble Bth, New Flrs, Mouldings, New doors, central sound sys., extra security system, city/Humber/lake views.

$ 1,119k

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vation. Contemporary 1,980 Sq Ft Prof Decorated - 3 Bed Conversion To 2 Master Suites, Glass + Marble or stone in 3 Baths. Marble or hardwood floors. Gourmet Kitchen.

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3,257 Sq Ft. - 3 br, 3bth, fam.

rm, lib., 2 prk, Reno w/ top finishings. Raised ceil., new kit., new flrs, Custom Cabinet, Granite, Travertine. Professionally renovated w/top quality finishings. Raised ceilings 8.5’

$ 415 k

$ 1,599k

4,500 Sq Ft., 5 bdrm, 5 bath, family rm, game rm, library, 2 new kit., open balc., sol., 2 lckrs, 3 parks. 2 suites put together; 1 can be used as nanny quarters. Professionally reno. w/ topquality finishing. Raised ceilings, new flrs, granite counter-tops in kit., granite in master bthrm w/ Jacuzzi, travertine, central sound system. Panoramic City, Humber River and Lake views.

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3257 Sq Ft., 3 brdm, f/dining,

den, 2 sol, 8.5’ ceiling - 2 prk, Reno, new kitchen w/island & large breakfast area, new baths, mouldings & wainscoting. Private view of City, Lake & High Park.

$ 899 k

$ 5,000/mRented for:

SEPTEMBER 2008

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$ 479 k1,259 Sq. Ft. 2 bdrm. Open Balcony. Best South-West Side With Gorgeous, Panoramic & Unobstructed Lake Views. Convenient 25th Floor With 6 Elevators. Renovators Delight - Potential For 11’ Ceilings!!! 5 Stars Amenities - 24 Hour Concierge.

928 Sq. Ft., 2 bdrm + open den, open balcony, parking, locker and Spectacular Views of the Lake & City. Many upgrades including Stainless Steel Appliances, granite countertops.

$ 479 k

$ 2,300/mRented for:

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1,550 Sq. Ft, 2 bdrm, sol, park, locker. Tastefully decorated. Spectacular gallery entrance. Huge Living room with enchanting view of City and lake.

$ 450 k

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$ 380 k1,250 Sq. Ft., 2 bdrm, park. and locker. Bright-est Unit With Balcony with Beautiful Sunsets. Upgraded appliances, Marble In Foyer. Some lake view.

1,201 Sq. Ft., 2 bdrm, sol park, locker. Reno - granite countertops, built-in f/place, built-in Murphy bed with cabinets. Marble baths in this Spectacular Condo with 5 stars’ amenities.

$ 350 k

$ 2,250/mor for Rent:$ 2,900/mor Fully Furnished for Rent:

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2 bdrm, sol, 2 bath, 1,550 Sq. Ft., prkg., locker. Panoramic South-East Lake and City views.

$ 2,650/m

920 Sq Ft., Huge one bedroom with open balcony and gorgeous, panoramic View of Lake Ontario.

$ 1,900/m

1,223 Sq. Ft., 2 bdrm, sol., parking Gourmet Kitchen, L-shaped Living Room and Adjoined but Separate Solarium Big Enough for an Office.

$ 2,100/m

2 bdrm, 1,550 Sq. Ft, park, locker. Tastefully decorated. Enchanting

$ 3,100/m

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1,250 Sq. Ft., 2 bdrm plus balcony, New Kitchen, New Bathrooms, Upgraded appliances, Italian tumble marble in kitchen & bath, granite counter tops & breakfast bar. Beautiful Sunsets.

$ 389 k

$ 2,450/mRented for:

SOLD

Below is a list of all the suites on the Waterfront in West Toronto sold through MLS in August 2008. This will give you an idea of the price you can expect for your suite. Naturally, there are a

number of variables and your suite may be worth more.

MLS Sold Statistical Summary for W06 on 8/31/2008

Ania Baska - #1 Realtor on the Waterfront in West Toronto, recipient of Re/Max Hall of Fame Award and Re/Max Platinum Award every years since 2001.

Property Type Active Sales Avg $ Med $ Min $ Max $Att/Row/Twnhouse

21 3 $385,000 $390,000 $345,000 $420,000 Month34 $420,520 $410,000 $188,000 $695,000 Year

Co-op Apt 2 1 $125,000 $125,000 $125,000 $125,000 Month8 $118,250 $118,000 $77,000 $162,000 Year

Condo Apt 130 49 $321,233 $278,500 $148,000 $916,000 Month404 $323,323 $278,700 $17,000 $1,100,000 Year

Condo Townhouse

17 5 $340,400 $345,000 $322,000 $352,000 Month32 $404,396 $372,500 $317,000 $875,000 Year

Det Condo 0 0 - - - - Month0 - - - - Year

Detached 79 30 $423,772 $359,125 $205,000 $1,335,000 Month261 $420,768 $375,900 $205,000 $3,075,000 Year

Link 0 0 - - - - Month0 - - - - Year

Semi-Detached

11 2 $374,000 $374,000 $373,000 $375,000 Month46 $378,559 $375,000 $288,000 $537,000 Year

District Total: 260 90 Month785 Year

Sales Commentary

Another month in the books and the results are the same. Sales on the Toronto Real Estate Board were down by 12% in July from July of last year. Active listings are up 28% and the average price was up by just 1% over last year. It certainly suggests that the market is slowing down and we do to disagree with that assessment. In fact, you read it several months ago in this Report that house prices in Toronto ‘peaked’ in January of this year! Yet we continue to believe that owning is a better option than renting- and so do most Canadians! But the biggest problem with reporting numbers like these is that both bank economists and newspaper reporters somehow believe that the housing market is just another commodity when in actual fact real estate consists of many micro markets. In July, condo sales between $300,000 and $400,000 were 21% higher than in July of 2007. In July of 2008, 16 condos over one million dollars were sold compared to just 9 in July of ’07. What does that tell you about market segments? There is no doubt that overall condo sales in the Downtown market are lower – about 8% from last July. The sale-to-list ratio – what we believe is the best economic indicator of any market segment is at 46%. Last year in July it was at an unsustainable 80%! Remember that a balanced market is in the 30% range and the Toronto Board is at 29%. In this Report, we wanted to look at a variety of sales in 2008 that took place at the three towers of Water club Condos – 208 and 218 Queens Quay and 8 York. This complex has great facilities and appeals to the under 40 group. While most units have narrow layouts, they offer great lake views. The first unit we choose is 704 sqft. without parking. It has a bedroom and solarium. It sold in February of this year for $295,000 and the same unit sold 15 months earlier for $279,000. The real facts - $419 per sq.ft. without parking and a 5.7% increase in price over 15 months. Let’s look at another unit – a smaller one bedroom with parking. It sold this year for $275,000 and also 15 months earlier for $249,000 – that’s a 10% increase. Parking in the complex is scarce and sells for over $30,000. If you eliminate the parking, this unit sold for $470 per sq.ft. – at the high end of the resale market. Finally we looked at a Penthouse which sold for $1,130,000 this year. It is only two bedrooms and two baths, parking, locker, but has 4 walk outs to a large terrace with great city and water views. The furniture was included. The same unit sold without the furniture 18 months earlier for $880,000. While the price increase was 28%, if you adjust for the furniture it is less than 17%. The price for this Penthouse is just under $700 per sq ft, which is not unreasonable. What’s the moral of this story? Prices are still rising for condos in 2008 – at a rate of 5% annually, which is certainly sustainable going forward. Prices per sqft. in a prime building are still under $500 and the Penthouse price is not unreasonable. Conclusion - we don’t see the possibility of any price correction in this building or in the Downtown condo resale market. Rental Commentary

The rush to rent for September 1st has been intense for the last 30 days. Multiple offers are the ‘norm’ not the exception and who would believe that. Rentals are averaging less than 15 days on the market and are renting out at 100% of ‘ask’. The condos under construction can certainly be rented out in this market. Last month we reported that rental rates were up by $50 per month across the board. Bachelor units are scarce and the entry level is $1200. One bedroom units start at $1400 without parking and will go over $1600 for a one plus one with parking. July was the biggest month ever for two bedroom rentals. Expect to pay $1800 without parking (rare) to $2,000 with parking. Two plus a den start from $2200. The market for three bedroom condo rentals is basically non-existent.

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Must be a good communicator both written and verbal, with pleasant phone manners, energetic, goal oriented, and a positive person. Experienced with computers/word processing. Knowl-edge of Top Producer database and Real Estate Market big plus. Flexible hours, salary plus commission!! New agents or ex-real estate licensees welcome to apply.

E-mail to info@torontocondo.com or Fax to: 416-259-3510 your Resume with any reference letters and indicate desired salary.

August/September Market Report 2008

TeleMarketer Wanted

List Price %LP DOM B + W P Approx SF Ex Maint. List Price %LP DOM B + W P Approx SF Ex Maint.1 - Palace Pier Court - Palace Place 2261 - 2267 - 2269 Lakeshore Blvd. W - Marina Del Ray

$339,000 99 62 2 1 2 1 1100-1299 Nw $767.82 $269,900 93 36 1 1 1 1 N $466.76 2045 Lake Shore Blvd. W - Palace Pier $370,000 98 35 2 1 2 1 900-1099 Se $573.08

$275,000 95 20 1 1 1 900-1099 Nw $728.74 $479,000 97 50 2 2 2 1100-1299 Sw $728.52 2067 Lakeshore Blvd. W - Players Club $429,000 99 22 2 2 1 1100-1299 S $711.46

$469,000 95 91 2 3 2 1500-2000 Sw $1,105.91 $309,000 99 15 1 2 1 Se $563.44 2083 - 2087 - 2095 Lakeshore Blvd. W - Waterford 2285, 2287, 2289 Lake Shore Blvd. W. - Grand Harbour

$259,000 97 9 1 1 1 Se $385.11 $519,900 93 79 2 2 1 1300-1499 S $945.36 $257,000 97 28 1 1 1 Se $380 58 Marine Parade Drive - Waterview Explorer $259,900 100 21 1 1 1 E $385.11 $369,000 96 27 1 1 1 1 700-899 Se $436.82 $324,999 99 109 2 2 1 900-1099 S $589.24 $419,000 98 11 2 1 2 1 1100-1299 Se $608.89

2111 Lakeshore Blvd. W - Newport Beach $439,000 95 116 2 1 2 1 Se $608.89 $349,900 96 10 2 2 1 900-1099 Sw $503 $794,000 100 198 2 1 3 2 1500-2000 Ne $783.12 $389,000 97 48 2 2 2 1100-1299 Sw $649.28 2119 - 2121 Lakeshore Blvd. W - Waterview Voyager $399,900 99 28 2 2 1 Se $589 $244,900 98 35 1 1 1 500-699 Sw $332.45

5 Marine Parade - Grenadier Landing $254,000 97 20 1 1 1 700-899 Ne $416.23 $289,000 99 14 1 1 1 Se $389.47