Posts Tagged Toronto condos

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

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TREB Stats Show: Now Is The Time To Buy Toronto Real Estate

July 5, 2017- Active listings are finally up for freehold properties. But active 416 condo apartment listings are actually down 32% from a year ago. The average detached 416 house sells for $1,503,868, the average 416 condo apartment $564,808. There is less than a two month supply of homes so there is demand for properties. There has been a blip with many factors happening at one time, like the Ontario Fair Housing Act and many homeowners listing all at once, but the feeling is that the Toronto market will stay strong. A good time to be buying, especially a freehold property. Read the full Market Watch report here and visit TOrealestate.ca Andrea Stark, Sales Representative, Royal LePage Real Estate Svcs., Ltd., J&D Division, Brokerage 416-489-2121 andrea@andreastark.ca

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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

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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

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Toronto & Ontario Real Estate Proposed New Rules & Taxes To Address Fair Housing And The Heated Market

April 20, 2017- Ontario unveils a 16 point plan designed to control the heat of the GTA’s real estate market. Read the Ontario Fair Housing Plan and The Toronto Real Estate Board’s response. NB: We as REALTORS have been collecting client ID info including residency for many years now on a mandatory basis for FINTRAC, the government agency that monitors terrorism and money laundering. Andrea Stark, Sales Representative, Johnston & Daniel Division of Royal LePage RE Services Ltd., Brokerage 416-489-2121

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Toronto Active Listings Down 50.5%!

March 6, 2017- No wonder the competition is fierce for property in Toronto- not enough product for all the interested buyers! The average selling price is up 27.7% from this time last year- detached houses in 416 are selling for $1,573,622 and a condo apartment is selling for $515,424 on average. Read the full TREB Market Watch report and contact Andrea Stark, Sales Representative, Johnston & Daniel Division, Royal LePage Real Estate Services, Ltd., Brokerage 416-489-2121 for winning strategies in this tricky market, for personal award-winning service, and over 24 years of experience selling Toronto homes.

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Toronto Real Estate Board Reports Record Sales

web-res-62_gwendolen_ave-exterior-001November 4th, 2016- October 2016 home sales were up 11.5% over October 2015. New listings were up slightly, (less than 1%), so it remains a seller’s market and very difficult to find properties for would-be buyers. The average selling price of a detached property in Central Toronto is now $2,086,362 and a condominium apartment is now $508,617. Read the full Market Watch Report here and contact Andrea Stark, Sales Representative, CNE, SRES, Johnston & Daniel- Division of Royal LePage R.E. Svcs. Ltd- For personal, professional real estate assistance- TOrealestate.ca

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