Market Analysis

August 2019



August 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 August 2019 Condo Valuation Here



5 Step Strategy for Downsizing Your Home

In our “bigger is better” culture, there’s an expectation that each home should be larger and grander than the last. But life changes like divorce, kids leaving for college, or even the simple act of growing older can prompt us to find a smaller home that better suits our shifting needs and lifestyle.

In fact, the advantages of downsizing are being increasingly recognized. A “tiny house movement” has gained passionate advocates who appreciate the benefits of living simply at any age and stage of life. Not only does a smaller home typically cost less, it also takes less time and effort to maintain.

Whatever your reasons are for downsizing, the process can seem overwhelming. That’s why we’ve outlined five steps to guide you on your journey. And in the end, we hope you’ll find that less is more … more comfort, more security, and more time and energy to spend on the activities and the people that you love. 

Read more here

 

From Our Mortgage University Series...

 

How To Get An Awesome New Credit Rating

If you are thinking about buying a home and obtaining a mortgage, one of the first things to consider is your personal credit rating. Building a good credit history is important. If you have no reported credit history, it may take time to establish your first account.

This problem affects young people just beginning careers as well as older people who have never used credit. It also affects divorced or widowed spouses who shared credit accounts and were reported only in the other spouse’s name.

Click Here To Read More


August 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 August 2019 House Valuation Here


From Our Seller University Series...

 

We Might See These Typical Clauses In Any Condo Offer

Although almost any clause can be added to an Agreement of Purchase And Sale, there are several standard clauses we typically encounter that you should know about.
 
It’s best to discuss these with your Realtor ahead of time so there’s no misunderstanding or confusion about them when it’s time to review an offer (or offers) on the table.

Click Here To Read More
 

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

 

Although the summer months are typically slower for real estate sales, July turned out to be contrary to the norm.  Sales were up across the GTA for every home type.

The only negative was house sales in the 416 which showed a 9% average sales price decline year-over-year

 

The 905 is slowly recovering from the investor tax shock and both sales numbers and average sales prices are both positive.

 

As usual, if you’re about to enter the market as a buyer, be sure to get all your ‘ducks’ in a row.  Get a solid mortgage pre-approval and do your due diligence when selecting a Realtor to work with.

 

If you’ve been a long-time reader of my monthly newsletters, you’ll have noticed that I’ve written several books to help buyers, sellers and investors make the best real estate decisions. 

 

One book that’s designed to help buyers is my cover-all-bases Ultimate Toronto Home Buyer’s Guide which covers the entire gamut of Toronto home buying topics and gives you the answers you need to make smart buying decisions.

 

If you’re a condo seller, my Insider Tips For Getting The Best Price is the book you’ll want to read.

 

Each of these is free for you to download as a PDF or, if you prefer, you can request a paperback copy.

 

My comprehensive July Toronto Real Estate Market Report is now ready and here’s the link so you can watch the video or read the report.

 

Please remember to keep me in mind when any of your friends are talking about buying or selling their condo or house in Toronto.

 

Have a fantastic August :). 

Thomas
647-962-1650
Thomas@LivingInToronto.com



Sellers Are Appreciating The Better Market  [VIDEO]

In July sales were up 24.3% compared to last year with 8,595 houses and condominiums changing hands in all the districts.
 
Condo townhouse and high-rise suites took a slightly higher 34.2% share of the market with 2,938 units being sold which is up 16.3% from 2018.
 
The July average sale price for all GTA homes came in at $806,755– up just 3.2% from one year ago.  This average is now up 8.2% from the average market high back in July 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 July compared to historical numbers was lower by 9.1% 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 July, that ratio finished at 47.9% - about 13% above last year but almost 3% above June of this year – indicating a continuing strong market as we move through the summer months. 
 
The days-on-market average for GTA / Toronto homes was 23 days, 2 days slower than June. 
 
Watch the video to get the complete July 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