Market Analysis

July 2019



July 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 July 2019 Condo Valuation Here



Real Estate Relocation Guide: 7 Steps To A Seamless Move

Whatever your reasons are for relocating to a new area, the process can feel overwhelming.

Whether you’re moving across across town or across the country, you’ll be changing more than your address. Besides a new home, you may also be searching for new jobs, schools, doctors, restaurants, stores, service providers and more.
 
Of course you’ll need to pack, make moving arrangements, and possibly sell your old home. With so much to do, you may be wondering: Where do I start?
 
In this guide, we outline seven steps to help you get prepared, get organized, and get settled in your new community. Our hope is to alleviate the hassle of relocating—so you can focus on the exciting adventure ahead!

Read more here

 

From Our Mortgage University Series...

 

How To Avoid A Bad Credit Rating

It may not be great now, but with a little effort—and admittedly, a lot of time—you can give your credit score a big boost.
 
Once a collection item hits your credit score, the damage is done. With your FICO score, the only thing that can heal your score is time.
 
So how do you improve your credit score? Everybody’s situation is different but here are few guidelines you need to take to heart.

Click Here To Read More


July 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 July 2019 House Valuation Here


From Our Seller University Series...

 

Critical... Order The Condominium Status Certificate Immediately

The condo Status Certificate give the buyer a snapshot of how well your condo corporation is being run. 
 
It tells us how much money is in the reserve fund, if there are any special assessments contemplated or pending and it includes copies of the building financial statements, budget and the rules and regulations governing the owners and tenants living there.
 
EVERY condo buyer will want to get a copy of a current Status Certificate (less than 30-60 days old) and have their lawyer review it to make sure they’re making a wise purchase.

Click Here To Read More
 

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

 

June’s stats indicate that we’re now into the more traditional summer market where sales and listing inventory slow down a bit through till typically mid-September.

 

May and June showed a very moderate but positive overall market average sale price average finally after seeing negative numbers in the first four months.  Sales of houses picked up in June compared to condos showing that there’s increasing confidence in the market for higher priced listings.

 

If you’ve been watching interest rates you’ll have noticed they’ve dipped below 3% for a 5-year term and, according to the all-knowing analysts, they might continue sliding a bit more.

 

In case you were wondering… yes, multiple offers are still happening much of the time due of course to agents pricing their listings significantly below market value :).

 

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.  All of these are free for you to download as a PDF or get a paperback copy.

 

One book that’s designed to help investors is my expert Guide To Attracting The Best Tenants which helps owners to avoid tenant selection mistakes.  A second is entitled Best Capital Gains Tax Advice to help an investor avoid overpaying good old CRA after the sale is completed.

 

I’ve written others focused on helping Toronto condo or house buyers and separate ones for condo and house sellers.  You can find them here.

 

Here’s the link so you can watch the video or read my JUNE 2019 Market Report Analysis.

 

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

 

Have a fantastic July :). 

Thomas
647-962-1650
Thomas@LivingInToronto.com



Confidence Is Returning… Slowly  [VIDEO]

In June sales were up 10.4% compared to last year with 8,860 houses and condominiums changing hands in all the districts.
 
Condo townhouse and high-rise suites took a lower 32% share of the market with 2,832 units being sold which is very slightly down from 2018.
 
The June average sale price for all GTA homes came in at $832,703 – up just 3% from one year ago.  This average is now up 5.1% from the average market high back in June 2017 for the first time this year.
 
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 June compared to historical numbers was lower by 5.7% 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 June, that ratio finished at 45.1% - about 7% above last year but almost 5% below May of this year – indicating a slower market as we move into the summer months. 
 
The days-on-market average for GTA / Toronto homes was 21 days, 2 days slower than May.
 
Watch the video to get the complete June 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