Toronto's Real Estate Team
Toronto Real Estate Market Analysis
For January 2017

Well, 2017 has started out just like the end of 2016… busy, busy, busy.
 
You’ll be able to watch the video (link below) of my January 2017 Toronto real estate market report which outlines some amazing trends happening to buying choices across the GTA.
 
The RRSP contribution deadline is coming up March 1st.  If you’re a first-time buyer and planning to buy anytime in the next 6-12 months, you should make your contribution in the next few weeks.  I’ve created a detailed report on how the plan works and how you can creatively use RRSP loans to add thousands of dollars to your down payment.  You can get that free report here.
 
Two weeks ago I spent four days in Salt Lake City Utah attending an amazing real estate coach training event put on by Workman Success Systems.  All to better the service to our clientele.
 
Right now I’m enjoying the sunshine in Punta Gorda Florida… I hope you get some vacation time this winter either to a warm place or for some Canadian outdoors fun.
 
Have a great February and contact us anytime with your real estate questions.
 
Thomas


Guess What Condo Sales Did In January [VIDEO]

Sales were up dramatically for January compared to last year with 5,188 houses and condominiums changing hands in all the districts. Sales were actually up 17% above the last 6
-year monthly average.

Condo townhouse and high-rise suites took a 38.4% share of the market with 1,992 units being sold.  This percentage of the overall market is a new record for January.

The January average sale price for all GTA homes came in at a record breaking $770,745 – a significant 22.3% higher than last year.

Interestingly, sales and competition for condo suites has now brought the high-rise market into extremely high demand.

The active listing inventory is one of the strongest indicators of how smooth or outrageous the market has been.  We had a 57% decline in inventory for the month of January compared to historical numbers and lower by 49% from last year at this time.

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 January that ratio finished at 103.1% - compared to 47% last year.  We’re still in ‘extreme’ seller market territory and there’s nothing really to slow that down going forward!

The days-on-market average for Toronto homes was just 19.  
  
Watch the video to get the complete January 2017 Market Report details.



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


Get Free Money From The Federal Government 

Download your free report.

One of the major problems most 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 still take advantage of this program!

Get Your Report Now


From Our Blog...

Condo Rentals Tightening, Rents Increasing

At the end of 2016, the average rent for a one-bedroom condo in Toronto was $1,776, and the average rent for a two-bedroom condo was $2,415.

This represents an increase of 7.4 per cent and 8 per cent, respectively.

Click Here For More Information


Avoid Making Serious Home Buying Mistakes

Download your own copy of the Ultimate Toronto Home Buyer's Guide book.

Whether you’re a first time buyer or you’re ready to move to your next home, you need to find out how to avoid the pitfalls of buying a house or condo in today’s busy Toronto / GTA real estate market.
 
Jump start your real estate search by understanding how the complete home buying process works. Learn about what a buyer agent does to protect you throughout the buying process.
 
Become a smart, educated buyer, download your guide here to help you get confidently prepared for your home search.


For Those Of You Who Like Trivia...

Every month 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


Featured Neighbourhood:

The Liberty Village Community in Toronto

Many young and creative professionals in the city of Toronto find that Liberty Village is one of the best neighbourhoods to live in.

There is a huge variety of condos available, including townhomes and converted lofts, and no matter where you are in this neighbourhood you’ll always be close to some of the best restaurants and shops that the city has to offer.

Click here to see more neighbourhood information and MLS listings for this community.


February 2017...

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 February 2017 condo valuation here
 


From Our Blog...

First Time Home Buyer Rebate Doubled

As of January 1, 2017, a first-time home buyer in Ontario will be eligible for an up to $4,000 Land Transfer Tax rebate – up from the previous $2,000.
 
This means that no Province of Ontario Land Transfer Tax is paid on the first $368,000 of the purchase price of a home.

Click Here For More Information


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 2017 whenever you hear friends talk about real estate at any time... we're 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

Experience || Thousands of homes sold since 1980

Professional Designations || ABR, SRES

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

Charity Support || Over $110,000 contributed to the Toronto Sick Kids Hospital