Market Analysis

May 2019



May 2019... 

 

Report On Downtown Toronto Condo Prices

Curious about what your downtown Toronto condo may be worth?

Here’s an easy, online way to find out what suites like yours are selling for in today’s market.

Get this free report with up-to-the-minute statistics based on all the recent listings and sales of condos in your building.

Get Your Free May 2019 Condo Valuation Here



Top 6 Home Organization Upgrades that “Spark Joy” for Buyers

Thanks to Marie Kondo and her hit Netflix series “Tidying Up,” home organization is a hot topic right now. Marie encourages her viewers to minimize their possessions and keep only those items that “spark joy.”
 
With spring in full bloom, now is the perfect time to do some spring cleaning and add organizational systems to your own home. Not only will you clear out clutter, your efforts can actually increase the value of your home.
 
Ready to give it a try? Here are six home organization ideas that will “spark joy” for you and your property value.

Read more here

 

From Our Mortgage University Series...

 

3 Things You Absolutely Need To Be A Successful Buyer

You’ll definitely need the big bucks to buy a house or condo in Toronto.  For purchases up to $500,000, you’ll need a minimum of 5% down payment and for purchases between $500K and $1,000,000 you’ll need a minimum of 7% down.  Closing costs are over and above that.
 
When asked by a bank lender or mortgage broker how much cash you have, give them an exact figure for your total and tell them that includes money you’ll need for closing costs so there’s no confusion.

Click Here To Read More


May 2019...

 

Report On Toronto House Values

Semi and detached house prices have been bouncing around the last few months in Toronto with the changes in the market.

Some neighbourhoods are being affected greatly... others not so much.

Would you like to be brought up-to-date with what your Toronto house is worth right now?

Get Your Free May 2019 House Valuation Here


From Our Seller University Series...

 

You'll Be Asked To Sign A Listing Agreement

There are three main ways to sell any Toronto property…

  • On your own without an agent

  • List it exclusively with a Realtor but not expose it to the full market

  • List it on the MLS (Multiple Listing Service) which makes your condo accessible to all 54,000+ agents in the Toronto Real Estate Board (TREB)

Click Here To Read More
 

Toronto's Real Estate Team
Toronto Real Estate Market Analysis
For April 2019

 

Our long, brutal winter conspired to postpone our spring real estate market but it finally burst forth in April with higher sales than last year for the first time since January 1st.

 

Although sales are brisk in Toronto’s ‘downtown’ neighbourhoods for both houses and condo suites, average sale prices overall are showing little appreciation (1.9%) while downtown condo average selling prices are up 4-6% from 2018.

 

The burbs are still encountering difficulties with some encountering average price declines and lower sales numbers.

 

You can expect our late spring market to continue through May and June and probably taper off somewhat during the summer months.

 

What about your investment property or personal home?  Are you wondering what either of them might sell for in today’s changing market?  

 

For a condo valuation, go to DowntownTorontoCondoValues.com - please BE SURE to leave me your condo’s monthly maintenance fee.  For a specific house valuation, click on DowntownTorontoHouseValues.com.

 

To keep current on market activity changes and analysis during the month, go to Facebook and ‘Like’ my Toronto Real Estate Analysis page.

 

Watch the video or read my APRIL 2019 Market Report Analysis and please keep me in mind when any of your friends are talking about buying or selling real estate in Toronto.


Thomas
647-962-1650
Thomas@LivingInToronto.com



Spring market is here…
finally !! 
[VIDEO]

For the first time this year, sales were up for April compared to last year with 9,042 houses and condominiums changing hands in all the districts.  Although higher than 2018, these numbers are similar to what we saw 6+ years ago.
 
Condo townhouse and high-rise suites took a typical 33.5% share of the market with 3,028 units being sold.
 
The April average sale price for all GTA homes came in at $820,148– up a very slight 1.9% from  one year ago.
 
The active listing inventory is one of the strongest indicators of how slow or fast the market has been moving.  The inventory average for the month of April compared to historical numbers was basically FLAT compared to last year at this time.
 
This is actually a good sign since we’re not being overwhelmed with high inventory levels and probably keeping us from seeing a slump in prices in some GTA locations.
 
The sales-to-listings OR percent-chance-of-selling ratio is how we determine what type of market we’re actually in.  24-28% is a neutral market, below 24% is a buyer’s market and above 28% is a seller’s market.
 
In April, that ratio finished at 50.1% - about 8% above last year.  The GTA overall has moved slightly more into moderate seller market territory so buyers and sellers may need to adjust their pricing expectations if they want to make a move.
 
The days-on-market average for GTA / Toronto homes was 19 days, 2 days faster than March.

Watch the video to get the complete April  2019 Market Report details.


If you'd prefer to read the full market report details, click here.


For Those Of You Who Like Trivia...
 

Now and then we post our latest World’s Most Interesting Postcard in our Team newsletter.  You might be amazed at what you’ll learn from these interesting tidbits!!

Click to see larger image



Keep Your Ears Open For Real Estate Conversations...

People always feel good about recommending a person or a business where they've received terrific service. They want their friends to enjoy the same great experience they had. 

Please keep us in mind throughout 2019 whenever you hear friends talk about real estate at any time... we're always here to advise, consult and help.

Thomas


 

Amazing Free Services Available From This Professional Realtor


As a successful Toronto Realtor helping condo and house buyers and sellers since 1980, I've developed many programs and services to assist people with their real estate needs.

I've even written several soft-cover books and reports to help explain how buyers and sellers can make their best, informed decisions.

There are important benefits and advantages to being well prepared for the upcoming real estate experience.

You definitely want to avoid making significant buying or selling mistakes.

Here's a list of my 'Free Stuff' that's available to you.
 



Toronto's Real Estate Team - Thomas Cook @ RE/MAX
Expect Amazing

Real Estate Sales Representative @ RE/MAX Hallmark Realty Ltd Brokerage
785 Queen Street East in Leslieville


Thomas@LivingInToronto.com
Direct => 647-962-1650

Become a smart, educated Toronto buyer or seller.  Go ahead and download any of these books or reports at no charge.

Author || Ultimate Home Buyer’s Guide
Author || Home Buyer's Financing Guide
Author || Insider Tips For Getting The Best Price (For Toronto condo sellers)
Author || Get Free Money From The Federal Government (For 1st-time buyers)
Author || Best Capital Gains Tax Advice For Smart Investors
Author || Guide To Attracting The Best Tenants
Author || Guide To Downtown Toronto Condo Prices (for Toronto condo buyers)
Author || 
Insider Advice For Getting The Best Price (For Toronto house sellers)

Awards || RE/MAX's 2nd highest award - Circle Of Legends
Experience || Thousands of homes sold since 1980
Professional Designations || ABR, SRES
Charity Support || Over $117,500 contributed to the Toronto Sick Kids Hospital