Real Estate

Toronto Home Market Experiences Slowest March Sales In 10 Years

April 4, 2018- TREB’s March 2018 stats are out today, which show that,  from the average March statistics from the past ten years, the number of home sales is down over 17%, active listings are down 3%, and the average sale price is down 14.3% since last year- for all types of properties- except condo apartments, with sales price increases of over 6% since March 2017. Is it time for you to rightsize to a condo? Or pick one up as an investment? Contact Andrea Stark, Sales Representative, J&D Division of Royal LePage RES Ltd., Brokerage 416-489-2121

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$998,000 YOU READ THAT RIGHT- 4+1 BDRM ON 62′ LOT WITH DOUBLE GARAGE

OPEN HOUSE SAT/ SUN MARCH 24/ 25. Over 3500 SF of living space in this McClintock built brick home, steps to the park, shopping, library, and coveted Beverly Glen Jr PS. This well-maintained family home features a living room with beamed, cathedral ceiling, a large window seat, and a wood-burning fireplace. There is a main floor family room, family-size kitchen with granite counters, and a huge finished basement. Zip downtown on the DVP. 128 Heatherside Drive. Andrea Stark, Sales Representative, Johnston & Daniel Division/ Royal LePage RES Ltd., Brokerage 416-489-2121

Toronto Condo Market Overtaking Toronto House Market

March 6, 2018- Although the number of residential real estate sales is down 35% from February 2017, sale prices of condo apartments are up 10.7% in Toronto and condo townhouse prices are up 15.5%! Detached house prices are down 18.6%. Semi-detached home sale prices are down 9%. In Central Toronto, the average sale price of a detached home is $2,027,761 and the average condo apartment sells for $645,195. With limited land to develop, and fewer house owners selling, the only way to add more units is to build vertically. Read the full details of the February 2018 TREB report here. For personal real estate advice and services, including info on preconstruction condo projects, contact Andrea Stark, Sales Representative, J&D Division of Royal LePage RE Services Ltd., Brokerage 416-489-2121 andrea@andreastark.ca

J&D Diamond Award Goes To Andrea Stark

February 26, 2018- Andrea Stark was again awarded the Johnston & Daniel Diamond Award for outstanding performance in the Toronto real estate community.  (For the year 2017)

“Thank you to my clients who make my work a pleasure. I honour the trust you put in me and will continue to strive to give you your best possible real estate experience.” Andrea Stark, Sales Representative, J&D Division, Royal LePage R.E. Svcs. Ltd., Brokerage TOrealestate.ca

Toronto Condo Market Keeps Sizzling Through Winter

February 6, 2018- The Toronto Real Estate Board’s January 2018 statistics show that, although 416 detached home prices are down 12% from a year ago, the average 416 condo apartment sale price is up 15%. Still, due to the low inventory of homes on the market, many freehold properties are selling over asking. Let’s also keep in mind we started 2018 under freezing cold weather conditions, whereas 2017 began quite warm. With new borrowing rules and rising interest rates, (and the weather warming up), the time to list is NOW, while some buyers still have pre-approvals at lower rates under the old rules. Don’t wait for Spring. Read the full Toronto Real Estate Board Report here and for advice and personal real estate guidance, contact Andrea Stark, Sales Representative, Johnston & Daniel Division of Royal LePage RE Svcs., Ltd., Brokerage 416-489-2121

Renovated North Toronto Residence- 36 Blythwood Rd Suits Your Active Lifestyle

January 16, 2018- Coveted neighbourhood. Walk to Yonge Street shops, subway, libraries and top schools. Sherwood Park and Blythwood Ravine. Main floor family room addition, all hardwood floors and windows replaced, reno kitchen and 3 baths. Bright and airy open-concept living/ dining rooms. Private drive with parking for 3+ cars. 2669 SF living space + garage (new 2009).  $1,735,000. Open house weekend January 20 & 21, 2-4 pm. More info and virtual tour: Andrea Stark, Sales Representative, Johnston & Daniel Division of Royal LePage RES Ltd., Brokerage 416-489-2121

Government Intervention Balanced Toronto’s Hot Real Estate Market

January 7, 2018- Between the implementation of the Ontario Fair Housing Plan last Spring and recent OSFI lending rule changes, the Toronto Real Estate Market has become less of a seller’s market. Sale prices of detached homes in Central Toronto increased only .5% from December 2016 to December 2017. Condo apartment prices still increased 15% year over year. Condos of all sizes remain in strong demand. With the freezing temperatures, the Spring 2018 housing market may start slowly, but quality homes in demand neighbourhoods will continue to be attractive to smart home buyers. Read the TREB statistics in Market Watch, and for personal real estate assistance, contact Andrea Stark, Sales Representative, Royal LePage, J&D Division, Brokerage 416-489-2121