Market Analysis

February 2019



Top 8 Home Design and Remodeling Trends for 2019
 

If you’re a current homeowner, or in the market to buy, you’re probably curious about the latest trends in home design.
 
Sellers who make strategic updates before listing a property can generate increased interest from buyers and, in some cases, a premium selling price. And buyers should consider which features of a home will need updating immediately (or in the near future) so they can factor renovation costs into their overall budget.

Read more here


February 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 February 2019 Condo Valuation Here


From Our Buyer University Series...
 

You Absolutely Positively Need To Know What These Mean
 

As you get into learning the best ways to buy a home in today’s busy market, you’ll need to familiarize yourself with the terms of the business so that you will be speaking the same “language” as the real estate and mortgage financing professionals in the field!

Click Here To Read More


February 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 February 2019 House Valuation Here


From Our Seller University Series...
 

Not Sure How To Price Your Home? Avoid Mistakes With These Tips
 

What is “fair market value” and how do I determine it for my condo?
 
Simply put, the fair market value of a home is the highest price an informed buyer will pay for it, assuming there is no unusual pressure to complete the purchase. It usually is not the asking price.
 
To get an estimate of fair market value, call your real estate agent and ask for a Comparative Market Analysis (CMA) of your home. Most agents will provide this service free of any charge or obligation.

Click Here To Read More

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

Other than a lot of snow and freezing temperatures, what else could slow down our Toronto real estate market?  Oh yes, mortgage financing stress tests and… more snow and freezing temperatures.  The weather is definitely a factor when it comes to how busy our market is so it isn’t surprising that the January house and condo sales were slower in some neighbourhoods.

With overall sales and listing inventory flat year-over-year, the average sale price rose a minuscule 1.7% from 12 months ago.  The Toronto Real Estate Board stats showed that the ratio of sales-to-listings was just barely above a ’neutral’ market on average with neighbourhoods in York Region deeply into ‘buyer market’ territory.

Downtown condo sales were also hit with numbers down 28% west of Yonge and lower by 46% east of Yonge.  Appreciation rates compared to January 2018 were lower too… up by 7.6% west of Yonge and by 5.2% to the east.

Curious about what your condo or house might be worth in today’s changing market?  

For a condo valuation, go to DowntownTorontoCondoValues.com and for houses, 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 the JANUARY 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



Condo Appreciation Numbers Are Lower In January For The 1st Time [VIDEO]


Sales were flat for January compared to last year with 4,009 houses and condominiums changing hands in all the districts.  This was the 3rd lowest number of sales for the month since 2009 and almost 10% below the average over the past 9 years.
 
Condo townhouse and high-rise suites took a significant 38.4% share of the market with 1,541 units being sold.
 
The January average sale price for all GTA homes came in at $748,328 – this was a very modest 1.7% increase 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 January compared to historical numbers decreased by 9.9% but were 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 January, that ratio finished at 33.5% - identical to last year.  The GTA overall is barely into seller market territory so 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 33 days, 2 days slower than in December.

Watch the video to get the complete January 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