home inventory Toronto

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

Advertisements

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

Toronto Possibly Heading Towards A More Balanced Real Estate Market

May 5, 2017- The Toronto real estate market remains very active and sale prices are strong. However, new listings were up over 33% March 2017 compared with March 2016 and active listings were up 3% from a year ago. So, if inventory is increasing, we may be heading to a more balanced market, from the seller’s market Toronto has seen for what seems like forever. Time to sell if you were on the fence and time to buy before interest rates increase. Read TREB’s Market Watch Report here and visit TOrealestate.ca for personal real estate advice- Andrea Stark, Sales Representative, Royal LePage RE Services, Ltd., J&D Division, Brokerage 416-489-2121

Toronto Real Estate Hits New Record For May 2016

Toronto SitesJune 3, 2016- Home sales increased 10.6% in May 2016 from May 2015. Listing inventory is down even further. Average sale prices are up 15.7% in Toronto- detached houses are now $1,285,693 and $2,013,470 in Central Toronto. Review the latest Market Watch Report from the Toronto Real Estate Board and visit TOrealestate.ca for personal real estate advice from Andrea Stark, Sales Representative, Royal LePage R.E.Svcs., Ltd, J&D Division, Brokerage 416-489-2121

Red Hot Toronto Spring Real Estate Market

2016_April_Market Stats J&D_r2

May 6, 2015- TREB’s April statistics are out and show increasing sale prices of Toronto homes- detached house prices are up 18.9% in the 416 area and condo apartment sale prices are up 7%. Properties are selling, on average, after 15 days on the market. Active listings are down 26.9% so it is increasingly difficult to buy. The high prices are translating into more higher end sales.  Read the whole TREB Market Watch Report here. For personalized real estate advice and more information, visit TOrealestate.caAndrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage, 416-489-2121

Toronto Real Estate Prices Continue to Climb

TorontoLightsJune 5, 2015- The Toronto Real Estate Board reports this week that home sales are up but sales of detached properties are down due to the decreased supply. The average selling price is up 11% from this time last year. In the 416 area, the average sale price of a detached home is $1,115,120 and a condo is $422,947. Read the full TREB Market Watch report here and visit TOrealestate.ca for more useful information by Andrea Stark, Sales Respresentative, Royal LePage RES Ltd./ J&D Division, Brokerage 416-489-2121

Toronto Real Estate Board Reports Best April EVER!

TorontoCityHallMay 16, 2015- My latest TREB Market Update- Just so busy with this market! So: the average sale price of a detached home in the 416 area is now $1,056,114, which is 9.2% more than the year before. Semis are up 3.5% on average and condo apartments are up 5.8%. Demand is intense and the outlook for our city keeps building stronger and stronger. Everyone wants a piece of Toronto! Read the full report here and visit TOrealestate.ca for more helpful info- Andrea Stark, Sales Representative, Royal LePage R. E. Svcs. Ltd., Johnston and Daniel Division, Brokerage