REAL ESTATE MARKET UPDATE DECEMBER 2018 ~ TORONTO/GTA

By: Suzana (Sue) Davies

REAL ESTATE MARKET UPDATE DECEMBER 2018 ~ TORONTO/GTA

Tags: torontorealestatemarketupdate toronto junctiontoronto bloorwestvillage rockcliffesmythe

  Dear Friends, November saw 6,251 transactions, down by 14.7% over last November. The average price in the City of Toronto is now at $842,483.  Relatively tight market conditions over the past few months have provided the foundation for renewed price growth and bidding wars continue to happen in certain pockets.  The condo market is still quite brisk with the average price no...Read More

REAL ESTATE MARKET UPDATE NOVEMBER 2018 ~ TORONTO/GTA

By: Suzana (Sue) Davies

REAL ESTATE MARKET UPDATE NOVEMBER 2018 ~ TORONTO/GTA

Tags: REAL ESTATE MARKET UPDATE NOVEMBER 2018 TORONTO/GTA , House Prices , Homes in Toronto , Is It A Good Time To Sell? , Is it a good time to buy?

    Dear Friends,  Toronto Real Estate Board members reported 7,492 sales in October 2018 – a 6% increase compared to October 2017. The average sale price in October 2018 in the GTA is up 3.5% on a year-over-year basis to $807,340 compared to $780,400 reported in October 2017. The City of Toronto’s average sale price for October is $869,870 compared to $81...Read More

REAL ESTATE MARKET UPDATE OCTOBER 2018 ~ TORONTO/GTA

By: Suzana (Sue) Davies

REAL ESTATE MARKET UPDATE OCTOBER 2018 ~ TORONTO/GTA

Tags: real estate market update october 2018 toronto gta 

  Dear Friends, Toronto Real Estate Board members reported a total of 6,455 home sales in September 2018 – up 1.9% over the September 2017 numbers. The average selling price for September 2018 sales was up by 2.9 per cent over the same period to $796,786. New listings in September 2018 amounted to 15,920 – down by 3.1 per cent compared to September 2017. With sales up ...Read More

REAL ESTATE MARKET UPDATE SEPTEMBER 2018 ~ TORONTO/GTA

By: Suzana (Sue) Davies

REAL ESTATE MARKET UPDATE SEPTEMBER 2018 ~ TORONTO/GTA

Tags: REAL ESTATE MARKET UPDATE SEPTEMBER 2018 ~ TORONTO/GTA

Dear Friends, It has been another good month for sales in Toronto, as Toronto Real Estate Board members sold 6,8379 homes, 8.5% more than last August with the average price also being up 4.7% over the same month last year. With only 2.5  months of homes in inventory in Toronto, by definition, it would appear to be a sellers’ market. It is in many areas, with well-priced homes selling q...Read More

REAL ESTATE MARKET UPDATE AUGUST 2018 ~ TORONTO/GTA

By: Sue Davies

REAL ESTATE MARKET UPDATE AUGUST 2018 ~ TORONTO/GTA

Tags: REAL ESTATE MARKET UPDATE AUGUST 2018 ~ TORONTO/GTA

Dear Friends, July saw almost 7,000 transactions, up 18% over last July and prices rose 4.6% July 2018 over July 2017 and the average price now stands at $788,822. At my own brokerage, our sales were up 19% and we sold 941 homes from our inventory of 1543. A balanced market is where we are ~ a balanced market is when there is a good supply of homes for a buyer to choose from (4-6 for every sale...Read More

REAL ESTATE MARKET UPDATE JULY 2018 ~ TORONTO/GTA

By: Sue Davies

REAL ESTATE MARKET UPDATE JULY 2018 ~ TORONTO/GTA

Tags: REAL ESTATE MARKET UPDATE JULY 2018 ~ TORONTO/GTA

Dear Friends, The Toronto Real Estate Board reported 8,082 home sales through TREB’s MLS® System in June 2018 – up 2.4% over the June 2017 result. The average selling price in June edged up by 2% on a year-over-year basis to $807,871. While this is an interesting statistic, it does not reflect the reality of the market. The average price reflects the price of homes that have been...Read More

REAL ESTATE MARKET UPDATE JUNE 2018 - TORONTO - GTA

By: Sue Davies

REAL ESTATE MARKET UPDATE JUNE 2018 - TORONTO - GTA

Tags: REAL ESTATE MARKET UPDATE JUNE 2018 - TORONTO - GTA

Dear Friends,   The Toronto Real Estate Board reported 7,834 sales through TREB’s MLS® System in May 2018. Not a bad month but a little bit off the 8,500 sales that I had thought would happen. The average price increased slightly and as of the end of May, stands at $785,822, down 4.5% from 2017’s year-end average price of $822,622. But averages do not tell the whole story. The...Read More

REAL ESTATE MARKET UPDATE MAY 2018 ~ TORONTO/GTA

By: Sue Davies

REAL ESTATE MARKET UPDATE MAY 2018 ~ TORONTO/GTA

Tags: REAL ESTATE MARKET UPDATE MAY 2018 ~ TORONTO/GTA

  Dear Friends ,   Toronto Real Estate Board members reported the sale of approximately 8,000 homes which while a very healthy number was not as high as the average April market. The two chief reasons being the changes in the mortgage qualification rules, and the extended winter weather we experienced. These two factors created a wait-and-see attitude in the mind of the some buyers, res...Read More

REAL ESTATE MARKET UPDATE APRIL 2018 ~ TORONTO/GTA

By: Sue Davies

REAL ESTATE MARKET UPDATE APRIL 2018 ~ TORONTO/GTA

Tags: REAL ESTATE MARKET UPDATE APRIL 2018 ~ TORONTO/GTA

  Dear Friends, Real Estate Board members reported 7, 228 residential sales in March and a listing stock of 15,971 listings as we head into Toronto’s Spring Market. While the number of homes for sale, are lower than the same period last year, they are still indicative of a healthy real estate market. The low listing inventory compared to the number of sales, indicates a Seller’s...Read More

REAL ESTATE MARKET UPDATE MARCH 2018 ~ TORONTO/GTA

By: Sue Davies

REAL ESTATE MARKET UPDATE MARCH 2018 ~ TORONTO/GTA

Tags: REAL ESTATE MARKET UPDATE MARCH 2018 ~ TORONTO/GTA

Dear friends,  I must say, I was pleasantly surprised to see that the Toronto Real Estate Board members sold 5,175 homes last month. While it is less than last year, the first quarter of 2017 was a record time. I expected sales to be less than they actually were. A further indication of the demand for homes was the fact that with over 1,200 homes for sale, my company booked over 13,000 appoi...Read More