Market Analysis

May 2021



May 2021... 


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 May 2021 Condo Valuation Here


From Our Buyer University Series...
 

Should You Get A Condo Inspected
 

Historically for house purchases, there have been two primary conditions that most offers have included.  They are conditions on

  • Financing
  • Home inspection

If you’re buying a condominium townhouse, you’d certainly want to have an inspection which would include the exterior features of the premises such as the roof and windows, and all the interior systems such as heating, cooling, central vac, plumbing and wiring.

Click Here To Read More


May 2021...
 

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 May 2021 House Valuation Here


From Our Seller University Series...

 

9 Downsizing Tips To De-Clutter And De-Stress Your Move
 

When singles or families are downsizing, or right-sizing, once their existing long-time home has become too large for them, one of the most difficult parts of the move is deciding on what to eliminate.
 
In a simple world, you’d just take the opportunity to start over… get rid of everything you have right now, buy all new and have a fresh start.
 
But of course, it definitely is not that simple for many people.  There are memories of all that took place in their home including perhaps the furniture which may have sentimental value or those boxes of books, mementos and family keepsakes.

Click Here To Read More
 


From Our Mortgage University Series... 


3 Things You Absolutely Need To Be A Successful Buyer

Cash, Cash, Cash…
 
You’ll definitely need the big bucks to buy a house or condo in Toronto.  For purchases up to $500,000, you’ll need a minimum of 5% down payment and for purchases between $500K and $1,000,000 you’ll need a minimum of 7% down.  Closing costs are over and above that.
 
When asked by a bank lender or mortgage broker how much cash you have, give them an exact figure for your total and tell them that includes money you’ll need for closing costs so there’s no confusion.
 
Your cash can come from your bank account, your RRSP, any GICs or Term Deposits or from the bank of Mom and Dad or any combination thereof.

Read more here



Toronto's Real Estate Team
Toronto Real Estate Market Analysis
For April 2021

You'll find that some of the numbers I track every month are somewhat skewed this month because they compare to April 2020 when the start of the pandemic depressed sales and prices dramatically.

Last April we had just 2,958 total sales across the entire Toronto Real Estate Board. while normal is 8,000 to 12,000.

The TRREB average sale price also hit a record high last month. While April's came in just under $7,000 less, it was still very impressive.

You can read the full APRIL Market Report here.

Let's talk dream lakefront property for a moment. If you're familiar with Kawarthas cottage country, you'll know that Stoney Lake is one of the best with picturesque islands, Canadian Shield granite, and pine trees.

I've just listed one of the last large 32+ acre parcels on Stoney Lake with south-facing views and a 540 foot stretch of unspoiled, virgin forest waterfront.

You can see lakefront drone shots here.

Considering selling your own home or an income property soon? The first thing you need to know is what it's worth.

If the property you’re considering selling is a Toronto/GTA condominium, I can give you an up-to-date condo suite valuation by going to DowntownTorontoCondoValues.com - please BE SURE to leave me your condo’s monthly maintenance fee so I can send out your report.
 
If it’s a house that you’d appreciate a valuation for, just click on DowntownTorontoHouseValues.com.

To keep current on market activity changes and analysis during the month, go to Facebook and ‘Like’ my Thomas Cook In Toronto page.

Hope you had a terrific Mother's Day weekend and enjoy next week's sunshine.

Thomas
647-962-1650
Thomas@LivingInToronto.com

 


Record April Toronto Sales But Numbers Lower Than March
 

Hi, I’m Thomas Cook from Toronto's Real Estate Team at RE/MAX and here is our APRIL 2021 Toronto real estate market report.
 
The Toronto real estate market has AGAIN hit a number of records including the highest ever April total home sales plus the highest ever condo TH and highrise suite sales during the month.
 
So… let’s review some of the Toronto Real Estate Board statistics and see what’s happened.
 
Huge numbers came in once again for April with a record 13,663 sales of houses and condos across the GTA.  The next closest to this was way back in 2016 when we had 12,016 sales.  Low interest rates and high demand are continuing to boost our local market.
 
Sales were up 362% from April 2020 although that’s a misleading number since last year we were in the midst of the pandemic.  Sales were down about 2000 homes from March.
 
Condo townhouse and high-rise suites hit a new record with sales up big time year-over-year with 4,413 units being sold. Next highest April was back in 2017 when there were 3,768 units sold.
 
The April 2021 average sale price for all GTA homes came in at $1,090,992… a big, but misleading 33% increase compared to one year ago and fractionally lower than the March number.  Since February 2021, the average has been over $1,000,000.
 
===== Read more=====
  


Rare 34 Plus Acres Of Forested Property On Stoney Lake


Build your dream home on stunning granite rock with towering trees and experience the very best of rural living and lake life on this pristine, rare 32-37 acre forested property on the north shore of Stoney Lake in the Kawarthas, arguably the most sought-after and beautiful on the Trent-Severn waterway.

With very few homesteads of this size left, this unique property gives you complete privacy with a picturesque mixed forest in a natural setting with granite outcroppings, pines, oaks, and frequent wildlife visitors.

You've got south-facing water frontage in three locations... 50 feet in front of the existing log cabin, a 25-foot water access area to the east and then 540 feet of exquisite shoreline at the very eastern end of the lot. There are endless possibilities for how you design your future 'escape-from-the-city' hideaway.

===== Read more=====

 

 


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 in the new year 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 || 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