Market Analysis

September 2019



September 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 September 2019 Condo Valuation Here


From Our Mortgage University Series...

 

Will Applying For Mortgage Negatively Affect Your Credit Score?

When you apply for a mortgage, you must have your credit checked. It is the only way a mortgage company can really determine whether you can qualify for financing and what your rates and fees will look like.
 
If you are applying for multiple forms of credit at the same time, such as a credit card, a mortgage and an auto loan, such actions will negatively impact your credit score.

Click Here To Read More


September 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 September 2019 House Valuation Here


From Our Seller University Series...

 

What Happens At The Offer Presentation?

First of all, there are two scenarios... the most common is a single buyer offering to purchase your house or condo.  The other is if multiple buyers present offers at the same time, creating a bidding war.  Each one of these has some basic similarities and some major differences.

Let’s look first at the traditional single buyer situation.  The typical offer process takes about two hours of back and forth in the space of a single afternoon or evening. 

Click Here To Read More
 

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

 

Wow, that summer went quickly.  So many things to pack in in just 8 weeks.  

 

I got a lot of bachata dancing in while my son made a valiant attempt to ride his OneWheel board all the way from Toronto to Niagara Falls to raise money for cancer research.  Unfortunately about halfway in, his board suddenly ran out of juice and threw him over the front… nothing other than lots of scratches, fortunately.

 

In contrast to earlier months this year, sales of detached and semi-detached houses in the 905 were robust with small, incremental price gains overall.  

 

The downtown condo market continued to roll along steadily but with lower inventory and sales flat compared to one year ago.  However, it maintained its 4-5% annual appreciation rate throughout the summer months.

 

If you’ve got a ’time-expired’ investment which isn’t giving you a positive cash flow, or it’s time to upgrade your personal residence, the first thing you’ll want to know is “What is my property’s current market value?”.

 

For a condo suite 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 AUGUST 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




Market adopts a modest and cautious price appreciation model [VIDEO]

In August sales were up 13.4% compared to last year with 7,711 houses and condominiums changing hands in all the districts.
 
Condo townhouse and high-rise suite sales edged up to a 34.5% share of the market with 2,661 units being sold which is a 4.8% increase from 2018.
 
The August average sale price for all GTA homes came in at $792,611 up 3.6% from one year ago.  This average is now up 8.4% from the average market high back in August 2017.
 
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 lower by 11.2% compared to last year at this time.
 
This is actually a good sign since we’re not being overwhelmed with high inventory levels and is 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 August that ratio finished at 48.6% - about 10% above last year and slightly above July of this year – indicating a continuing strong, steady market as we move through the summer months. 
 
The days-on-market average for GTA / Toronto homes was 25 days, 2 days slower than July. 
 
Watch the video to get the complete August 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