Market Analysis

November 2019



November 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 November 2019 Condo Valuation Here


5 Steps to Finding Your Next Home

Whether you’re a first-time buyer or a seasoned homeowner, shopping for a new home can feel daunting. In fact, 56% of buyers said that “finding the right property” was the most difficult step in the home buying process.

Buying a home is a significant commitment of both time and money. And a home purchase has the power to improve both your current quality of life and your future financial security, so the stakes are high.

Follow these five steps to assess your priorities, streamline your search, and choose your next home with confidence.

Read more here


From Our Mortgage University Series...

 

How Much Mortgage Can You Afford… Crunch The Numbers

How Far Will Your Money Go At Today’s Rates?
 
Amortization schedules, 2.5 per cent five-year, closed rate, bi-weekly payments… you might know all these mortgage terms by now, but have you sat down and figured out how much condo or house your money will buy?
 
With the help of our mortgage calculator, it’s easy to figure out! We’re going to go through a little exercise using a five-year mortgage rate as an example. We’re choosing that term because about 90 per cent of our first-time buyer ‘Clients For Life’ opt for it.

Click Here To Read More


November 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 November 2019 House Valuation Here


From Our Seller University Series...

 

Why Seller's Remorse Is So Common And What To Do About It

Considering Selling Your Home But Worried You’ll Make The Wrong Decision?  Here’s How To Cope.
 
Almost without exception, every home owner will probably encounter this phenomenon… you’ll feel some sadness when getting your condo ready for the market and when the offer comes in and you’re faced with the reality of committing to the sale.

Click Here To Read More
 


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

 

Hi [FirstName],

Well, it’s that time again… snow on the roads and cold temperatures… but our Toronto real estate market keeps bubbling along.

Sales are up, inventory is down and the average sale price keeps increasing, albeit at a moderate 5.5% rate.

With people’s focus on rising prices, it’s important to remind ourselves that it’s still important to pay down the mortgage principal.  Sure you’re building equity with higher values but that often doesn’t mean that you shouldn’t make best efforts to reduce your mortgage debt.

IF you have any plans at all to move up to a larger home… 1-bedroom condo to a 2-bedroom suite or house or even from a semi to a detached… you’ll need to come up with a substantial amount of cash to make the transition.  Right now the difference in average price between a Toronto condo apartment and a detached house is over $650,000 and any job raises you get in the next several years may not be enough to allow you to qualify for that larger mortgage.

The solution… build equity two ways… passively with market appreciation AND actively by making pre-payments on your existing mortgage.

My comprehensive October 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 November as we approach the holiday season! 

Thomas
647-962-1650
Thomas@LivingInToronto.com




October Average Sale Price Highest This Year [VIDEO]

In October sales were up 13.8% compared to last year with 8,491 houses and condominiums changing hands in all the districts.
 
Condo townhouse and high-rise suite sales were stable with a 33.8% share of the market and 2,867 units being sold, an 8.1% increase from 2018.
 
The October average sale price for all GTA homes came in at $852,142 up 5.5% 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 October compared to historical numbers was lower by almost 19% 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 price appreciation slowdown 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 October that ratio finished at 55.2% - almost 16% above last year and the highest we’ve seen this year – indicating a continuing strong, steady market as we start to move towards the end of the fall market. 
 
The days-on-market average for GTA / Toronto homes was 23 days, same as September. 
 
Watch the video to get the complete October 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