Market Analysis

September 2018




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September 2018... 

 

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 September 2018 Condo Valuation Here


From Our Buyer University Series...

 

What Conditions Your Condo Offer Should Have

Historically for house purchases, there have been two primary conditions that most offers have included.  They are conditions on

Financing
Home inspection

However with purchasing a condominium, a third condition is almost always included which is a condition upon a satisfactory review of the condominium Status Certificate.

Click Here To Read More


September 2018...

 

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 September 2018 House Valuation Here


From Our Seller University Series...

 

Know You Want To Sell But Dread All Those Showings?

If you would like, I will include your condo in our "Silent Market" of condominiums that are not yet on the market.  

Because we generate so much buyer interest from our website, Facebook and Google advertising and other proactive marketing, we may be able to find a buyer for your condo without even putting it on the market… saving you both time and money.

Click Here To Read More
 

Toronto's Real Estate Team
Toronto Real Estate Market Analysis
For August 2018

 

Hi [FirstName],

The hot days are almost over and Toronto’s real estate market is starting to come out of the ‘summer doldrums’ with more listings starting to appear.

Although overall sales numbers are down, we’re in a bit of a sweet-spot with steady but not crazy sales and with sufficient listing inventory to satisfy demand but more than enough to prevent a mass recurrence of multiple-offers.

Affordability and mortgage qualification requirements are definitely influencing our market.  Both first-time and move-up buyers should be very clear on what the banks would be willing to lend to them ahead of time before committing to sign an offer.  Being prudent could avoid getting bad news and being disappointed after the offer is signed.

A prudent buyer might want to do some reading to familiarize them with how the market is working now.  A good explanatory book might be the free ‘Ultimate Toronto Home Buyer’s Guide’ - you can download it or request that a paper-back copy be sent to you.

Would you like to know how much your condo or house has appreciated over the past few years?  I can do a quick home price update for your Toronto condo at DowntownTorontoCondoValues.com or pricing for your Toronto house right here to give you a good idea.

To keep current on market activity and analysis throughout each month go to Facebook and ‘Like’ my Toronto Real Estate Analysis page.

Watch the video or read the AUGUST 2018 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



Market is ready to break out this fall…  [VIDEO]

Sales were up 8.5% for August compared to last year with 6,839 houses and condominiums changing hands in all the districts.  This was the 2nd lowest number of sales for the month since August 2012.
 
Condo townhouse and high-rise suites took a significant 37.1% share of the market with 2,540 units being sold.
 
The August average sale price for all GTA homes came in at $765,270 – this was a modest 4.7% increase from one year ago.  Considering that May/June/July 2017 was the turning point in last year’s crazy market, if instead you compare 2018 with August 2016 (with an average of $710,975), this year’s average was still up 7.6% in that 2-year period.
 
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 August compared to historical numbers was up just 6% but increased by 8.8% from last year at this time.
 
However, this is occurring selectively, with the ‘central core’ Toronto neighbourhoods still doing very well while the outer regions (Peel, York & Durham) are not seeing the same level of activity.
 
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 August that ratio finished at 38.3% - almost exactly the same as last year.  The GTA is now into a very moderate seller market territory so sellers may need to adjust their expectations if they want to make a move.
 
The days-on-market average for Toronto homes was 27 days, two days longer than in July.

Watch the video to get the complete August 2018 Market Report details.


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



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 2018 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