Andrea Stark

Strong Demand For Condos Leads Toronto Real Estate Market News

December 6, 2017- Condo apartment sale prices are up 17.7% from a year ago and condo townhome prices are up 12.3%. There is strong demand for condos of all sizes and types- including the over $2,000,000 price point. The freehold house market is less predictable right now. For example, prices of detached homes in Central Toronto are down 1.7% from a year ago, although some attract multiple offers and sell over asking. The feeling is that the newest wave of government regulations, regarding mortgage lending, which come into play after the end of this year, will not affect the ability of most buyers to buy and that we will see a strong Spring market- condos especially. Read all the details in TREB’s new Market Watch report and for confidential, personalized real estate service, contact Andrea Stark, Sales Representative, Johnston & Daniel Division of Royal LePage Real Estate Services Ltd., Brokerage 416-489-2121

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Toronto Condo Market Reaching New Heights

November 2, 2017- The October 2017 stats show that the average sale price of detached homes in Toronto is now $1,287,765- back to about the same level it was at a year ago. However, condo apartment prices have increased 20.9% in a year- to an average of $555,004. The demand for condos is increasing for several reasons- freehold house prices are not affordable for many, rentals are high priced and hard to find, and many home owners- young and old- are choosing to live experientially instead of maintaining a house. Read TREB’s Market Watch Report and contact Andrea Stark, Sales Representative, J&D Division, Royal LePage RE Svcs. Ltd., Brokerage for personal real estate guidance. 416-489-2121

Continued Strength in Toronto Condo Market

October 5, 2017- While some freehold house listings are attracting multiple offers, many neighbourhoods in Toronto are seeing a drop in price from a year ago. Some, like C10, which includes Yonge & Lawrence, saw year over year price increases of 5.8% for detached homes. The condo market is red hot with condo apartments in C10 selling 20.7% higher than a year ago. Downtown condos in C01 are selling at prices 19.5% higher than a year ago. Read the new TREB Market Watch Report and for personal real estate advice, contact Andrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage 416-489-2121

Yes: The Toronto Real Estate Market Is Still Strong

September 9, 2017- While it is true overall that much of the year over year value gains in real estate had diminished by this summer, condos and demand freehold properties in some neighbourhoods are still attracting multiple offers and over list prices. Like downtown condos, with year over year price increases of 24.4% west of Yonge (C01) and 18.7% east of Yonge (C08). Rising mortgage rates may spur waiting buyers to get back in the market. This Fall will be interesting. Read TREB’s Market Watch report and contact Andrea Stark, Sales Representative, J&D Division of Royal LePage R.E. Svcs. Ltd., Brokerage 416-489-2121

Toronto Real Estate Prices Still Strong

Aug 6, 2017- Don’t let sensational headlines sway you- the Toronto real estate market may not have seen increases in the last few months, but hey- it is summer. And prices were increasing at a rapid rate. TREB’s Market Watch Report shows that year to date average sale prices of all home types have increased 17.3% from this time last year. Still a large gain. So if you are considering buying, don’t sit on the fence- with mortgage rates rising and lending rules tightening, buy now. Thinking of selling? Don’t wait. There is pent up demand for good properties and lending practices will make it more and more difficult for buyers to be able to borrow. Now is the time. Andrea Stark, Sales Representative, J&D Division of Royal LePage RE Services Ltd., Brokerage 416-489-2121

TREB Stats Show: Now Is The Time To Buy Toronto Real Estate

July 5, 2017- Active listings are finally up for freehold properties. But active 416 condo apartment listings are actually down 32% from a year ago. The average detached 416 house sells for $1,503,868, the average 416 condo apartment $564,808. There is less than a two month supply of homes so there is demand for properties. There has been a blip with many factors happening at one time, like the Ontario Fair Housing Act and many homeowners listing all at once, but the feeling is that the Toronto market will stay strong. A good time to be buying, especially a freehold property. Read the full Market Watch report here and visit TOrealestate.ca Andrea Stark, Sales Representative, Royal LePage Real Estate Svcs., Ltd., J&D Division, Brokerage 416-489-2121 andrea@andreastark.ca

Toronto Real Estate Sale Prices Higher Than Last Year

June 5, 2017- Sale prices of detached 416 homes rose 17% since a year ago, but have decreased 4.7% since last month. 416 condo apartment prices are up over 27% since a year ago, but down 2.3% from April to May 2017. Active listings went way up in the last two months, but are still low, especially in the condo market. Multiple offers are occurring, although less so. Read TREB’s Market Watch Report here, For more information or advice on the Toronto market, contact Andrea Stark, Sales Representative, Johnston & Daniel Division of Royal LePage R. E. Svcs. Ltd., Brokerage- 416-489-2121