Sales Up! Prices Up! Toronto Real Estate Starts the Climb Once Again! Wednesday September 12th, 2018  Share Tight Supply Still Exists in Toronto Bringing Prices Up. House Sales Starting to Climb Again too! August 2018 - 6,839 sales changed hands, an 8.5% increase in sales compared with this time last year. Average selling prices were up by 4.7% year over year. Prices are slowly starting to tick up again compared to the... [read more]

Tight Supply Still Exists in Toronto Bringing Prices Up. Sales Starting to Climb Again too! July 2018 - 6,961 sales changed hands, an 18.6% increase in sales compared with this time last year. Average selling prices were up by 4.8% year over year. Prices are slowly starting to tick up again compared to the previous months of this year. Condos are still gaining value year over year with large increases over last year. Unlike Traditional Houses the... [read more]

Supply Issues Still Exist in Toronto but Sales are Inching Upward Again! Share June 2018 - 8,082 sales changed hands, an increase in sales compared with last month and an increase from last last year. Average selling prices were up by 2% year over year. Prices are slowly starting to tick up again compared to the previous months of this year. Condos are still gaining value year over year with large increases over last year. Unlike Traditional Houses the Condo... [read more]

Very Low Inventory in Toronto has Slowed Sales In Toronto - May 2018 Sales Stats Share May 2018 - 7,834 sales changed hands, an increase in sales compared with last month but a decrease from the high of last last year. Average selling prices were down by 6.6% year over year. This due mainly to detached houses losing some value from their peak last Spring. That said prices are slowly starting to tick up again compared to the previous months of this year. Condos... [read more]

Very happy to have one of my recent sales featured in The Toronto Star - What They Got section   My seller was very happy with the outcome of his sale.  Professional Photos, high end designed and printed brochures and staging techniques all helped the amazing condo sell in 1 day for above the asking price! Check it out below... https://www.thestar.com/life/homes/2018/05/25/575000-in-toronto-429900-in-mississauga-what-these-condos-got.html [read more]

Sales Still Slow Due to Very Low Inventory in Toronto - April 2018 Sales Stats Share April 2018 - 7,792 sales changed hands, a decrease in sales compared with the high of last last year however an increase in sales from last month. Average selling prices were down by 12.4% year over year. This due mainly to detached houses losing some value from their peak last Spring.  Condos are still gaining value year over year with large increases over last year. Unlike... [read more]

March 2018 - 7,228 sales changed hands, a decrease in sales compared with the high of last last year but a large increase in sales from last month. Average selling prices were down by 14.3% year over year. This due mainly to detached houses losing some value from their peak last Spring.  Condos are still gaining value year over year with large increases over last year. Unlike Traditional Houses the Condo market is very hot right now. Inventory is still very low on... [read more]

February 2018 - 5,175 sales changed hands a decrease in sales compared with the high of last last year but an increase on sales from last month.  Average selling prices were down by12.4% year over year. This due mainly to detached houses losing some value from their peak last Spring. Condos are still gaining value year over year with an increase of 18.8% over last year. Condos are now starting to increase in value by a higher percentage compared to houses. This will... [read more]

  January 2018 - 4,019 sales changed hands a decrease in sales compared with last month and down from the same time last year. Important to note that new inventory was up last month but still the second lowest for January since 2010.   Average selling prices were down by % 4.1year over year. This due mainly to detached houses losing some value from their peak last Spring. Condos are still gaining value year over year. Condos are now starting to... [read more]

  January 2018 - 4,019 sales changed hands a decrease in sales compared with last month and down from the same time last year. Important to note that new inventory was up last month but still the second lowest for January since 2010.   Average selling prices were down by % 4.1year over year. This due mainly to detached houses losing some value from their peak last Spring. Condos are still gaining value year over year. Condos are now starting to... [read more]

Toronto: January 2018. Real Estate Re-sale transactions finished off Strong in Toronto for 2017 with a total of 92,394 sales reported. This is just under the record sales of 2016 but still strong enough to keep price growth moving upward as the average selling price was up 12.7% in 2017 compared to the previous year. Interstingly Condo price appreciation has now outpaced that out traditional houses in Toronto with condo values jumping 17.9% and inventory hitting a low. As we move into... [read more]

Toronto Property Values are Up Again Year Over Year as the Toronto Market Finishes the Year off Strong! December 2017 - 4,930 sales changed hands a decrease in sales compared with November of this year and down from the same time last year.  Average selling prices grew by 7.2% year over year. A much heftier growth than we've seen recently probably due to new incoming  mortgage rules on Jan 1 2018. Condos are now starting to increase in... [read more]

Toronto Property Values are Up Again Year Over Year as the Toronto Market Starts Pushing Forward into Winter 2018   November 2017 - 7,374 sales changed hands - an increase in sales compared with October of this year but down from the same time last year.  Average selling prices grew by 13.4% year over year. A much heftier growth than we've seen recently probably due to new incoming  mortgage rules on Jan 1 2018. Condos are now starting to increase in... [read more]

Why is this so important? If you barely qualify for a mortgage now, you won’t in 2 months.   The new OSFI minimum qualifying rate, also known as the “stress test”, will be a requirement for all home buyers, including pre-construction condos, resale, freehold, and others requiring a mortgage.   Presently, prospective home buyers with down payments of 20% or greater are not required to purchase mortgage insurance, and therefore forgo any preliminary... [read more]

Toronto Property Values are up Again Year Over Year as the Toronto Market Starts Gaining Some Steam in its Engines again October 2017.  7,118 sales changed hands - a decrease in sales compared with October of last year.  Average selling prices grew by 2.3% year over year. A much healthier growth than we've seen recently leading to a more balanced Market!  Condos are now starting to increase in value by a higher percentage compared to houses. This will... [read more]

Property Values are up Slightly Year Over Year again as Toronto remains in Balanced Market Territory! September 2017.  6,379 sales changed hands - a decrease compared with September of last year.  Listings were up by 9.4% representing an increase from last month. Average selling prices grew by 2.6% year over year. A much healthier growth than we've seen recently leading to a more balanced Market!  Condos are now starting to increase in value by a... [read more]

Property Values Inch up Slowly Year Over Year again as Toronto Heads to Balanced Market Territory!   August 2017 sales were down as in July with 6,357 sales changing hands - a decrease compared with August last year.  Listings were down by 6.7% representing the lowest amount of August new listings since 2010. Average selling prices grew by 3% year over year. A much healthier growth than we've seen recently leading to a more balanced Market! Prices... [read more]

Property Values Continue to Grow Year Over Year again in Toronto as New Flux of Inventory Comes to Market!   June 2017 sales were strong again with 7,974 sales a decrease compared with June last year. Listings were up by 15.9% representing more opportunity for buyers. Average selling prices grew by 6.3% year over year. A much healthier growth than we've seen recently leading to a more balanced Market! Prices have risen in Toronto recently due to lack of... [read more]

Strong Growth in Property Values again in Toronto as New Inventory Comes to Market!   May 2017 sales were strong again with 10,196 sales An Increase compared with April last year but a decrease from last month. Average selling prices grew by 14.9% year over year. Prices have risen in Toronto recently due to lack of inventory in the marketplace However new inventory has finally started to make its way into the market easing up the sharp price... [read more]

Strong Growth in Property Values again in Toronto as New Inventory Starts to Tick up for April 2017    April 2017 sales were strong again with 11.630 sales a decrease of 3.2% compared with April last year as average selling prices grew by 24.5%. Prices have risen in Toronto due to lack of inventory in the marketplace but new inventory is starting to trickle in with the Spring thaw.  Condos are now in as much demand as houses in the downtown core with multiple... [read more]

Massive Growth in Property Values again in Toronto as Inventory Remains Tight for March 2017      March 2017 sales were strong again with 12,077 sales an increase of 17.7% compared with March last year as average selling prices Skyrocketed by 33.2%! Prices have risen in Toronto due to lack of inventory in the marketplace.  It is extremely important now to get more Listings onto the market for people to access. Condos are now in as much demand as... [read more]

Continued Growth - House and Condo Values Up again in Toronto for February 2017 as Prices Rise and Inventory Continues to Remain Low.    February 2017 sales were strong again with 8,014 sales and increase of 5.7% compared with February last year as average selling prices Skyrocketed by 27.7%! Prices have risen in Toronto due to lack of inventory in the marketplace.  It is extremely important now to get more Listings onto the market for people to access. Condos... [read more]

Continued Record Growth for House and Condo Sales in Toronto for January 2017 as Prices Rise and inventory is at a 50% low! January 2017 sales were strong again with 5,188 sales and increase of 11.8% compared with January last year as average selling prices increased by 22.3%! Prices have risen in Toronto due mostly to lack of inventory in the marketplace. Down to its lowest in half a decade with 50% fewer listings than the same time last year. Condos in certain... [read more]

Continued Record Growth for House and Condo Sales in Toronto for December and all of 2016 as Prices Rise and inventory remains low!   For the second consecutive year House and Condo sales in Toronto have set a record for sales. 113,133 sales transactions happened in Toronto in 2016 and increase of 11.8% from 2015! The average selling price UP 17.3% year over year! As well December sales were strong again with 5,338 sales and increase of 8.6% compared with December last year... [read more]

Continued Growth for House and Condo Sales in Toronto as Prices Rise Again due to lack of inventory.   Here are Toronto's November 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 16.5% year-over-year for the month of November! While Average Selling Prices were UP again at 22.7% compared to the average for the same time in 2015! Condos in certain neighborhoods are now in as much demand as houses in the downtown core. If you are... [read more]

First Time Home Buyers - This one is for you! Ontario Land Transfer Tax Rebate is set to Double from $2,000 up to a Maximium of $4,000! Great news for First Time Home Buyers in Ontario and more specifically high value Cities like Toronto! Fantastic news from Ontario's Economic Update! Contact me for more details... http://www.theglobeandmail.com/news/national/ontario-economic-update-includes-small-rebate-for-first-time-homebuyers/article32838191/ [read more]

More Growth for House and Condo Sales in Toronto as Prices Soar due to lack of inventory! Here are Toronto's October 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 11.5% year-over-year for the month of October! While Average Selling Prices were UP 21.1% compared to the average for the same time in 2015! Condos in certain neighborhoods are now in as much demand as houses in the downtown core. If you are considering selling now might... [read more]

More Growth for House and Condo Sales in Toronto as the Fall Market begins to Heat Up! Here are Toronto's September 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 21.5% year-over-year for the month of September! While Average Selling Prices were UP 20.4% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/ [read more]

More Summer Growth for House and Condo Sales in Toronto this August! Here are Toronto's August 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 23.5% year-over-year setting a new Record for the month of August! While Average Selling Prices were UP 17.7% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/# [read more]

Record Growth for House and Condo Sales in Toronto this July! Here are Toronto's July 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 16.7% year-over-year setting a new Record for the month of July! While Average Selling Prices were UP 16.6% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/  [read more]

More Gains for House and Condo Sales in Toronto this June! Here are Toronto's June 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 7.5% year-over-year setting another Record for the month of June! While Average Selling Prices were UP 16.8% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/2016/mw1606.pdf [read more]

Record Gains for House and Condo Sales in Toronto this May!         Here are Toronto's May 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 10.6% year-over-year setting a new Record for the month of May! While Average Selling Prices were UP 15.7% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch [read more]

Record Gains for House and Condo Sales in Toronto this April!       Here are Toronto's April 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 7.4% year-over-year compared to April 2015! While Average Selling Prices were UP 16.2% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/ [read more]

Double-Digit Gains for House and Condo Sales in Toronto this March!     Here are Toronto's March 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 16.2% year-over-year compared to March 2015! While Average Selling Prices were UP 12.1% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/ [read more]

Record Breaking House and Condo Sales in Toronto this February!   Here are Toronto's February 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 21.1% year-over-year compared to February 2015! While Average Selling Prices were UP 14.9% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/ [read more]

The New Year is Looking Great for Toronto House and Condo Sales!   Here are Toronto's January 2016 Final Resale House and Condo Sales figures. Sales transactions were UP by 8.2% year-over-year compared to January 2015! While Average Selling Prices were UP 14.1% compared to the average for the same time in 2015! Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/ [read more]

Here are Toronto's 2015 Final Resale House and Condo Sales figures! Sales transactions were UP for the entire 2015 year by 9.8%!!!  While Average Sale Prices were UP 9.2% compared to 2014. Check out the detailed report here... http://www.trebhome.com/market_news/market_watch/ [read more]

Here are Toronto's NOVEMBER 2015 Final Resale House and Condo Sales figures! Sales transactions were UP by 14%!!! year-over-year compared to November 2014.  While Average Selling Prices were UP 9.6%! compared to the average for the same time in 2014. Check out the detailed report here...   http://www.trebhome.com/market_news/market_watch/ [read more]

Sold for over the asking price in 3 days!  This great little 1 bedroom condo had multiple offers and shows just how in demand a well taken care of home can be when marketed right! Check out my The Toronto Star feature on the sale here! http://startouch.thestar.com/screens/11d9b61a-7cb2-4171-af6b-8a15d1aedb16%7CP3tpRofKbdkT.html [read more]

Here are Toronto's OCTOBER 2015 Final Resale House and Condo Sales figures! Sales transactions were UP by 10.3%! year-over-year compared to October 2014.  While Average Selling Prices were UP 7.3% compared to the average for the same time in 2014. Check out the detailed report here...   http://www.torontorealestateboard.com/market_news/market_watch/ [read more]

Here are Toronto's SEPTEMBER 2015 Final Resale House and Condo Sales figures! Sales transactions were UP by 2.5% year-over-year compared to September 2014.  While Average Selling Prices were UP 9.2% compared to the average for the same time in 2014. Check out the detailed report here... http://www.torontorealestateboard.com/market_news/market_watch/ [read more]

Here are Toronto's AUGUST 2015 Final Resale House and Condo Sales figures! Sales transactions were UP by 5.7% year-over-year compared to August 2014.  While Average Selling Prices were UP 10% compared to the average for the same time in 2014. Check out the detailed report here...   http://www.torontorealestateboard.com/market_news/market_watch/ [read more]

Here are Toronto's JULY 2015 Final Resale House and Condo Sales figures! Sales transactions were up by 8 per cent year-over-year compared to July 2014.  While Average Selling Prices were up 10.6 per cent compared to the average for the same time in 2014. Check out the detailed report here...   http://torontorealestateboard.com/market_news/market_watch/ind [read more]

Here are Toronto's JUNE 2015 Final Resale House and Condo Sales figures! Sales transactions were up by a record 18.4 per cent year-over-year compared to June 2014.  While Average Selling Prices were up 12.3 per cent compared to the average for the same time in 2014. Check out the detailed report here... http://www.torontorealestateboard.com/MARKET_NEWS/release_market_updates/news2015/nr_market_watch_0615.htm [read more]

Here's a great video with some important tips on buying a home. Great for a first time buyers and a perfect refresher for seasoned buyers...take a look!   https://www.youtube.com/watch?v=BTsEWNhL4cU&feature=youtu.be    [read more]

Here are Toronto's MAY 2015 resale House and Condo Sales figures! Sales transactions were up 6.3 per cent year-over-year compared to MAY 2014...lower than expected due to inventory housing shortages. Average Selling Prices were up 11 per cent compared to the average for the same time in 2014. Check out the detailed report here...   http://www.torontorealestateboard.com/MARKET_NEWS/release_market_updates/news2015/nr_market_watch_0515.htm    [read more]

Here are Toronto's APRIL 2015 resale House and Condo Sales figures! Sales transactions were up a whopping 17 per cent year-over-year compared to April 2014 and Average Selling Prices jumped up 10 per cent compared to the average for the same time in 2014. Check out the detailed report here...   http://www.torontorealestateboard.com/market_news/release_market_updates/news2015/n [read more]

TORONTO, April 7, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015.  This result represented an 11 per cent increase compared to March 2014.  Sales were up for most major home types, both in the City of Toronto and the surrounding regions.  New listings were also up, but by a lesser 5.5 per cent, indicating tighter market conditions. “Home sales increased compared to... [read more]

In the unfortunate circumstance that a homeowner is past-due on their monthly mortgage payments, they pave the way for a “foreclosure” on their property. In today’s market, banks and other lenders do not turn to foreclosure to take away the homes of homeowners who are in arrears. Instead, they perform a "Power of Sale" which is wholly different from a Foreclosure. What is a Foreclosure? Foreclosures are laborious, grueling, and costly to both the... [read more]