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
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
June 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
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.ca – Andrea Stark, Sales Representative, Royal LePage RES Ltd., J&D Division, Brokerage, 416-489-2121
June 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
May 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
April 13, 2015- The Toronto Real Estate Board reports that sales in Toronto are up another 11% from this time last year! New listings are up, but inventory remains tight. The average sale price of a detached home in the City of Toronto is up 15.9% from March 2014. Interest rates are crazy low, which keeps buying in this City affordable. Read this month’s full report here and contact Andrea Stark, Sales Representative, Royal LePage RES Ltd./ J&D Division, Brokerage 416-489-2121 for more information on Toronto real estate and how to Retire Well.