Real Estate

Toronto's housing downturn has spurred an exodus of realtors

Not a lot surprises Cailey Heaps when it comes to buying and selling houses. Having spent more than 25 years as a broker in Toronto’s competitive real estate landscape, she has navigated almost every type of market, adapting to the ebbs and flows of sales activity.

That’s why, when she was hired to sell a classic, three-bedroom brick house in midtown’s tony Davisville Village in 2021, she knew what to expect — it would be business as usual. But it wasn’t: she and her team were met with a frenzy of inquiries, endlessly ringing phones, back-to-back showings, and packed open houses.

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Toronto’s Home of the Week: $3-million spacious Yorkville condo

900 Yonge St., Unit 1504

Location: 900 Yonge St., Unit 1504, Davenport Rd. and Yonge St., Yorkville, Toronto

Asking price: $2,995,000

Size: About 3,500 sq. ft.

Parking: Two underground exclusive spaces, one exclusive locker

Taxes: $7,431 (2022)

Bedrooms: Three

Bathrooms: Three

“We have lived here for over eight years. After 26 years in a great house in Allenby, we felt at home instantly. Given the Yonge and Bloor location, we’ve stopped driving our cars, as we walk and take the subway everywhere,” says homeowner Benjamin Applebaum of his condo suite.

Created by merging two condo units together, the expansive bungalow-sized home sits on an upper floor of a 16-storey building, located in the heart of Toronto’s midtown core, minutes from Yorkville’s exclusive shops and restaurants, and two subway lines.

“Our home has lots of space, great light, a kitchen large enough that my wife and I can both easily work

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