Investment properties Toronto

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

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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

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

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

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

Pie Shaped Lot- Quiet North Toronto Cul-de-Sac

June 2nd, 2017- Enclave of executive residences, close to great schools, parks, and shopping including new Whole Foods Market. Super convenient to downtown via Mount Pleasant, Bayview or DVP. $1,395,000. Just imagine the possibilities! For more details, visit TOrealestate.caAndrea Stark, Sales Representative, Johnston & Daniel Division, Royal LePage RE Svcs. Ltd, Brokerage. 416-489-2121