September 9, 2016- Since this time last year, sales are up 23.5% and the average sale price is up 17.7%. The average detached house in the 416 area sold for 21.5% over August 2015 and the average condo sale was up 9.8%. With interest rates remaining at record lows and demand for our city high, the feeling in the industry is that the real estate market will continue to be strong going forward. Read all the statistics in TREB’s Market Watch Report and visit TOrealestate.ca– Andrea Stark, Sales Representative, Royal LePage RES Ltd./ J&D, Brokerage, for real estate advice and personal assistance. 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
April 14, 2016- The Toronto Real Estate Board statistics for March 2016 show that average sale prices are up over 12% from the same time last year. Active listings are down 20.7% so demand is even higher and listings are selling in 16 days on average. The average sale price of a detached home in Central Toronto is now an unbelievable $1,863,704 and the average condo apartment in Central Toronto is selling for $464,888. Read all the March 2016 TREB stats and visit TOrealestate.ca for more information on investing in Toronto Real Estate- Andrea Stark, Sales Representative, Royal LePage RES Ltd/ J&D Division, Brokerage 416-489-2121
March 4, 2016- The stats are in. With active listings down 14.8% from this time last year, inventory conditions are even tighter. The average sale price of a detached home in the 416 area is now $1,211,459, which is up 14.9% from last year. 416 condos are selling for $435,579 on average. Buyers need the assistance of a diligent real estate professional more than ever to keep up with this fast-paced market and who have connections to off-market properties. For sellers, yes most properties will sell, but a smart, experienced REALTOR can maximize your profit and help make your transition seamless. Read the full TREB monthly report and visit TOrealestate.ca– Andrea Stark, Sales Representative, Royal LePage RES Ltd, Johnston & Daniel Division, Brokerage 416-489-2121
January 12, 2016- The number of home sales are up 9.2% from this time last year, despite the continued low inventory. Selling prices are up, on average, 9.8%. The price of a detached home is $1,039,638 in the 416 area, a whopping $1,768,589 in Central Toronto. The average 416 condominium apartment is selling for $400,088, $455,798 in Central. Read this month’s full TREB Market Watch report and visit TOrealestate.ca– Andrea Stark, Sales Representative, Royal LePage RES Ltd./ J&D Division, Brokerage, 416-489-2121
December 4, 2015- The average selling price of a home in Toronto is up 9.6% on an annual basis. The average detached home in Central sold for $1,559,893, West $1,018,621, and East $745,718. Condo apartments, on average, sold for $466,939 in Central, $415,316 in the West districts, and $293,234 in the East districts. It is not thought that mortgage rates will rise substantially, however, it is likely that the new government will implement borrowing rules that may make it more difficult to buy a property. (So get buying or selling, if the time is right for you!) Review this month’s Market Watch Report and Visit Andrea Stark, Sales Representative, Royal LePage RES Ltd./ J&D Division, Brokerage 416-489-2121 to find out how much your home is worth and where you should be buying in Toronto.
November 5, 2015- The Toronto Real Estate Board’s Market Watch Report is out today- the average sale prices in the GTA are up 7.3% from this time last year. The average detached house price in the 416 area is now $1,071,394 and $1,648,907 in Central Toronto. The average sale price of a 416 condo apartment is now $406,792, $466,990 in Central. Inventory remains tight, especially for houses under $1,500,000 so, although we expect our new government may introduce changes that could affect borrowing and buying costs, the overall sentiment is that the Toronto real estate market will remain buoyant into 2016. Read the full TREB report and visit TOREALESTATE.CA– your source for information on how to Retire Well- Andrea Stark, Sales Representative, SRES, Royal LePage R.E. Services, Ltd, Johnston & Daniel Division, Brokerage- 416-489-2121