Toronto's Real Estate Team
Toronto Real Estate Market Analysis
For December And Year End 2017

Hi [FirstName],

WOW, what a roller coaster year!!!

January through April sales were off the charts and then the Government Of Ontario stepped in with a cold shower of rule changes.  Although recent statistical analysis of GTA sales show that foreign sales don’t amount to even 5% of the total, the market momentum was lost (thankfully) and common sense and prudence took over.

While activity in York Region dropped off dramatically, sales in Toronto’s central core for houses and condominiums still kept busy although not at the extreme pace they were at in the first four months.

One of the biggest beneficiaries of big price increases for all types of houses was the condo market.  More and more singles and families are choosing the downtown condo lifestyle and why not?  They’re close to work, public transit and lots of nighttime activities and they’re more affordable.

We ended the year with 92,394 total sales… a BIG drop from 113,000 in 2016 and 5th place in sales numbers since 2012.

Do you think you might sell your Toronto condo or house this year?  I can do a quick market value update for your Toronto condo…

Just go to DowntownTorontoCondoValues.com.

If you’re a Toronto / GTA house owner, just send me a text or email with your property address and I’ll do the research for you right away.

Enjoy this month’s December Market Report and please keep us in mind when any of your friends are talking real estate in Toronto.

Thomas


Toronto Sales In 2017 Down Significantly [VIDEO]

Sales were down 7.1% for December compared to last year with 4,930 houses and condominiums changing hands in all the districts.  Sales are still high by historical standards however and were exceeded only in 2015 and 2016.

Condo townhouse and high-rise suites took a very high 40.3% share of the market with 1,986 units being sold.

The December average sale price for all GTA homes came in at $735,021 – basically flat from last year’s number (a 0.7% increase).

If you consider the year-to-date average compared to last year however, the market is still up 12.7% overall.

The active listing inventory is one of the strongest indicators of how smooth or outrageous the market has been.  The inventory average for the month of December compared to historical numbers was up 24% but increased by a big 172% 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) 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 December that ratio finished at 38.1% compared to 112% last year.  Toronto itself 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, 3 days slower than November. 

Watch the video to get the complete December 2017 Market Report details.



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


From Our Mortgage University Series...

Easy And Most Affective Affordability Measurement

Creating a budget before you buy a condo or house is crucial to keeping your financial house in order.
 
You don’t want to get yourself into a situation where you are ‘house poor’ and not able to enjoy your new home.
 
You’ll want to consider every expense that you currently incur monthly to see where you spend your money now and then work out where you might be able to save money and cash flow in the future.

Click Here To Read More


January 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 January 2018 condo valuation here


From Our Seller University Series...

Ensure You Answer These 4 Not-So-Surprising Buyer Questions

There are four questions that every condo buyer will want the answers to and, as the seller, you’ll want to know what they are and work out how your suite compares to the rest of the market.

You’ve heard the first one probably since babyhood… location, location, location.  A buyer’s preference of location will of course be tempered by the price that they can afford.

Click Here To Read More


Brand New For 2018...

Guide To Attracting The Best Tenants

If you're currently a real estate investor, or contemplating becoming one, this is a very necessary book for you to read.
Finding the right tenant for your rental suite is critical to having a profitable investment.

You definitely want to avoid aggravating bounced cheques and condo abuse.

Knowing the right way to get things done will help you get responsible, high-quality tenants who will pay on time and take care of your property.

Become a smart, educated investor and download your free Guide To Attracting The Best Tenants right now.


From Our Buyer University Series...

Why Checking Your Credit Report Is Important

A credit report for each buyer going on title is one of the three most important items a bank or mortgage broker checks to see if you are credit worthy and if they’re willing to give you a mortgage.
 
If you’ve never had credit, have no debt and have always paid cash for purchases, this is not a good thing in this instance.  Lenders want to look at your credit history to see how you’ve handled credit in the past.

Click Here To Read More


A Must-Read For 1st-Time Toronto Buyers

Get Free Money From The Federal Government 

One of the major problems most first-time house or condo buyers face is assembling a large enough down payment to get into the market.

However there are ways to use free money from the Federal Government to help with this.

Learn how you can buy a home even if you don’t have any savings right now.
It doesn’t matter if you are planning to purchase a house or condominium in three months or three years, you can start taking advantage of this program right now!

Download your no-cost Get Free Money From The Federal Government report today and put it at the top of your reading list.


The More You Know... Interesting Trivia

Do unusual facts fascinate you?  You'll find them here smiley

Click to see larger image


Featured Neighbourhood:
The Entertainment District in Toronto

Toronto’s Entertainment District is well-known as the home of the Toronto International Film Festival, but it also has so much more to offer. From theatre and dance to sports and restaurants, the entertainment found in this neighbourhood can suit any taste.

Click here to see the listings for this community...


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


Can I Buy You A Coffee Next Week?

When you're buying a house or condo for the first time there are just so many questions... What do I need to do first? Why are multiple offers happening? How can I beat the odds and get that dream home when there's competition. How can I avoid picking the wrong house or condo building?

Your head is probably buzzing with those and many more questions.

The best way to get the process started is to sit down for a casual 20-30 minute chat with someone who knows many of the answers that you need... no cost or obligation... just with the intention of giving you some solid advice and counsel to help you put a home buying plan together.

Pick a time and date to have a coffee (or tea) at LetsMeetForACoffee.com


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

Author || Ultimate Home Buyer’s Guide
Author || Home Buyer's Financing Guide
Author || Insider Tips For Getting The Best Price
Author || Get Free Money From The Federal Government

Experience || Thousands of homes sold since 1980

Professional Designations || ABR, SRES

Awards || RE/MAX'S 2ND highest award - Circle Of Legends

Charity Support || Over $115,000 contributed to the Toronto Sick Kids Hospital