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.
Top 10 Myths That Trip Up First-Time Home Buyers
If you’re thinking about buying a home, you’ve probably received your share of advice from family and friends. Add to that the constant stream of TV shows, news segments, and social media posts that over-simplify the home buying process for easy entertainment.
With so much information to sift through, it can be tough to distinguish fact from fiction. That’s why we’re revealing the truth behind some of the most common home buyer myths and misconceptions.
From Our Mortgage University Series...
Actually, it’s never too early to start thinking about how much of a mortgage you might qualify for. Many people start looking at condos or houses online or at open houses 6-18 months ahead of when they’re thinking they might buy.
Having a realistic figure in mind about how large of a mortgage you could get approved for will save you a lot of time (and dreaming).
Click Here To Read More
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 April 2019 House Valuation Here
From Our Seller University Series...
Although most likely you’ll have a listing agent representing you and a buyer agent who brings in the successful offer, the payment of the total commissions falls to the seller.
Don’t think that the buyer is getting away with a big win however. The seller pays minimal closing costs while the buyer will have to pay, among other expenses, both Province of Ontario land transfer tax and, if buying in the City of Toronto, they’ll also have to pay city land transfer taxes.
Toronto's Real Estate Team
Toronto Real Estate Market Analysis
For March 2019
Our spring market is struggling to get started with sales and overall appreciation numbers FLAT compared to 2018 at this time.
Condos, downtown especially, are still increasing in value more than the rest of the market but even their year-over-year rise in prices are down to single-digits.
While the days-on-market number for the GTA overall has dropped to 21, downtown suites are selling in 15-16 days. Demand is still strong for homes close to the centre of the city from the Beaches/East York and west through to High Park.
What about your investment property or home? Are you wondering what either of them might sell for in today’s changing market?
For a condo valuation, go to DowntownTorontoCondoValues.com - please BE SURE to leave me your condo’s monthly maintenance fee. For a specific house valuation, 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 my MARCH 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.
FLAT… FLAT… FLAT [VIDEO]
Sales were FLAT for March compared to last year with 7,187 houses and condominiums changing hands in all the districts. This was tied for the lowest number of sales since 2009 for the month with March 2018.
Condo townhouse and high-rise suites took a typical 35% share of the market with 2,516 units being sold.
The March average sale price for all GTA homes came in at $788,335– almost identical (+0.5%) with 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 March compared to historical numbers was basically 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 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 March, that ratio finished at 46.1% - just barely above last year. The GTA overall has moved slightly into moderate seller market territory but 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 21 days, 4 days faster than February.
Watch the video to get the complete March 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!!
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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.
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.