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
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
June 10, 2014- The average price of a condo in Toronto is now over $400,000, according to the most recent stats from The Toronto Real Estate Board. New condo developments are not overbuilt- with the population increases in the core and demand for home ownership, plus the lack of newly built rental units will keep the condo market strong. Read the full report here and visit TOrealestate.ca, Andrea Stark, Sales Representative, Royal LePage Real Estate Svcs/ J&D Division, Brokerage.
May 7, 2014- The Toronto Real Estate Board just released the April 2014 figures which show that the average selling price of homes in Toronto is over 10.1% from this time last year. The biggest reason is continued low listing inventory with freehold properties and townhouses driving the market more than condominium apartment units. Read the full stats for yourself. Andrea Stark, Sales Representative
April 3, 2014- Both Toronto home sales and average sale prices are up 7.2% from this time last year! Inventory stays tight and borrowing costs remain low. However, new borrowing rules for investment properties will likely change by June, so better to buy any secondary properties ASAP. Call Andrea Stark for more information. Study the new release of statistics from the Toronto Real Estate Board.
February 5th, 2014- Sales are down a little (2.2%) from last January, but sale prices are up over 9%! New listings were down last month 16.6% so the low inventory keeps getting lower- this increased demand and lack of supply, along with low borrowing costs and the desire to live in our great city, keeps the Toronto real estate market golden. Read all about it in the new release from the Toronto Real Estate Board.
January 6th, 2014- Temperatures may be cold but the Toronto real estate market stays hot. December 2013 sales were up nearly 14% and selling prices were up 8.9% from the December 2012. Total 2013 sales were up about 2% and total yearly sale prices increased 5.2%. Impressive! Look over the Toronto Real Estate Board Market Watch full report, released today. See oodles of other information by visiting the Andrea Stark site.