toronto real estate market

Toronto Home Sales Up- Condos Increasing More In Value Than Freehold Real Estate

July 5th, 2018- In a continuing tight market, we are seeing 416 condo apartment sale prices rising 9.5% since a year ago, (now $605,530 on average), semis up 1.4%, (to $999,754), and detached home prices down 2.4% to an average price of $1,354,429. The average sale price of a detached home in Central Toronto in June 2018 was $2,164,616. Mortgage rates are set to rise, but they are still very low. Read the full TREB report and for personal real estate advice, contact Andrea Stark, Sales Representative, J&D Division, Royal LePage RE Services Ltd., Brokerage 416-489-2121

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Toronto Real Estate Sales Down But Some Segments Rising In Price

June 4, 2018- The number of home sales may be down from last year’s peak, but flat from the month before, so stable. New listings are down and active listings are up 13.2%, with an average time to sell of 20 days on market. in the 416 area, the average sale price of a detached property is down 5.6% from a year ago. Condo apartment sale prices are up 6.5%. Read TREB’s full report and, to negotiate the intricacies of this market, contact Andrea Stark, Sales Representative, Diamond Award Winner 2017, Royal LePage RES Ltd., J&D Division, Brokerage 416-489-2121

Toronto Home Market Experiences Slowest March Sales In 10 Years

April 4, 2018- TREB’s March 2018 stats are out today, which show that,  from the average March statistics from the past ten years, the number of home sales is down over 17%, active listings are down 3%, and the average sale price is down 14.3% since last year- for all types of properties- except condo apartments, with sales price increases of over 6% since March 2017. Is it time for you to rightsize to a condo? Or pick one up as an investment? Contact Andrea Stark, Sales Representative, J&D Division of Royal LePage RES Ltd., Brokerage 416-489-2121

Toronto Condo Market Overtaking Toronto House Market

March 6, 2018- Although the number of residential real estate sales is down 35% from February 2017, sale prices of condo apartments are up 10.7% in Toronto and condo townhouse prices are up 15.5%! Detached house prices are down 18.6%. Semi-detached home sale prices are down 9%. In Central Toronto, the average sale price of a detached home is $2,027,761 and the average condo apartment sells for $645,195. With limited land to develop, and fewer house owners selling, the only way to add more units is to build vertically. Read the full details of the February 2018 TREB report here. For personal real estate advice and services, including info on preconstruction condo projects, contact Andrea Stark, Sales Representative, J&D Division of Royal LePage RE Services Ltd., Brokerage 416-489-2121 andrea@andreastark.ca

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

Yes: The Toronto Real Estate Market Is Still Strong

September 9, 2017- While it is true overall that much of the year over year value gains in real estate had diminished by this summer, condos and demand freehold properties in some neighbourhoods are still attracting multiple offers and over list prices. Like downtown condos, with year over year price increases of 24.4% west of Yonge (C01) and 18.7% east of Yonge (C08). Rising mortgage rates may spur waiting buyers to get back in the market. This Fall will be interesting. Read TREB’s Market Watch report and contact Andrea Stark, Sales Representative, J&D Division of Royal LePage R.E. Svcs. Ltd., Brokerage 416-489-2121