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 email@example.com
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
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
April 5, 2017- And so it continues….With active listings down a further 35.2% from last year, sales up 17.7%, inventory gets tighter so frustrated buyers are paying high prices to obtain scarce properties in Toronto. The average sale price of properties of all types is up 33.2% this year to $1,661,780 for a detached property and $550,299 for a condo apartment. (416 area). Want strategies on how to snap up a place? Or how to maximize the sale of your home? Read the full TREB Market Watch Report and connect with Andrea Stark, Sales Representative, Johnston & Daniel, Royal LePage RE Svcs. Ltd., Brokerage 416-489-2121
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.
December 13, 2016- Goes to show how busy I am- never this late with monthly market updates! So: sales are up in Toronto 16.5% from this time last year and the average sale price of all properties is up 22.7%. The average sale price of a detached home in the 416 area is up 32.3% to $1,345,962 and the average condo apartment is up 13.5% to $471,266. So far, the new mortgage rates have not affected activity in Toronto. We will see what happens with Donald Trump and a predicted rise in interest rates. Review all the facts in this month’s Market Watch report- and visit RetireWellToronto.com– Andrea Stark, SRES, Sales Representative, Johnston & Daniel- A Division of Royal LePage RE Services Ltd., Brokerage- 416-489-2121
November 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