Market Analysis

September 2021



September 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 September 2021 Condo Valuation Here


The Consumer’s Guide to Hiring an Amazing Real Estate Agent


When you’re buying or selling a home, it’s crucial to work with a qualified real estate agent. Not just a professional, but an amazing agent and a market expert. So how do you ensure you’re hiring an amazing real estate agent?
 
There are currently more than 55,000 real estate professionals registered with the Toronto Regional Real Estate Board.  With so many options to choose from, how does a prospective house or condo buyer or seller choose the right agent or broker?  According to TRREB, trust and reputation are the top deciding factors consumers use when hiring an agent.
 
But how do you measure trust and reputation... and what criteria can be used to help you make your decision?
 
In this guide, we've outlined the top attributes that amazing agents possess, as well as the questions you can ask to make sure you’re working with the right market expert to achieve your real estate goals.

Click Here To Read More


From Our Buyer University Series...
 

Do Condo Owners Need Insurance?
 

There are two kinds of insurance when it comes to a condominium.
 
The first is insurance for the entire condominium building including the suites and the common elements.  It includes coverage for interior suite features, such as granite counters, kitchen cabinets, hardwood floors etc IF they were installed originally by the builder. The building insurance covers the replacement or repair of any of these elements due to fire, flood or any other kinds of damage.

Click Here To Read More



From Our Investor University Series, Guide To Attracting The Best Tenants...
 

Avoid These Six Common Rent Collection & Eviction Mistakes


There’s not a landlord who’s been in business for long who hasn’t had a tenant fail to pay on time — or at all. When it happens, the speed and consistency of the landlord’s response will statistically dictate their success.
 
There are really only two types of actions a landlord can pursue: chasing the tenant for payment or eviction. Errors and mistakes abound, so let’s talk about some of them.

Click Here To Read More


September 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 September 2021 House Valuation Here


From Our Seller University Series...
 

Magic Formula For Home Selling Success
 

Every industry has its particular formulas for success and real estate is no exception. These formulas are, for the most part, not taught in any real estate school or seminar, although they are not a secret to the most successful Realtors in the business.

If you asked them, most agents wouldn’t even be able to tell you what the successful formula is for getting a client’s listing sold for the best possible price.

Click Here To Read More


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

Can you feel the coolness in the air as we progress into September? Take some time from your busy lives to get outdoors while our weather stays comfortable.

If you're ever taking a walk along Queens Quay on a weekend evening, stroll over to Ireland Park at the foot of Bathurst after 8 pm and enjoy watching, or taking part, in some latin dancing. For the past few months DJs who can't perform inside have been showing up and playing great bachata and salsa music for grateful dancers.

The cooler fall temperatures are starting but our real estate market stays hot. No sales or price records were set in August but there were some close calls. The biggest transition was to higher demand for condominium living spaces as overall listing inventories took a big -51% drop from one year ago.

If you're expecting to avoid multiple offers on houses or condos, you may be disappointed as a buyer. As a seller, it's a great opportunity to get an excellent price on your home.

You can read the full AUGUST 2021 Market Report here

Has there been any change in your personal situation?  Are you considering changing your residence or taking advantage of the current market to buy or sell a rental property?

If you’re considering one of those options, you’d be wise to get some professional advice and counsel as to what the best course of action might be.

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.

Take some time to get outside and enjoy our last days of summer if you have the opportunity smiley

Thomas
647-962-1650
Thomas@LivingInToronto.com
 


3rd Best August Sales + Big Boost In Condo Demand

Hi, I’m Thomas Cook from Toronto's Real Estate Team at RE/MAX and here is our AUGUST 2021 Toronto real estate market report.
 
There was a big drop in the listing inventory during August as families took the freedom from Covid to travel...
 
Let’s review some of the Toronto Real Estate Board statistics and see what’s happened.
 
August numbers surprised analysts with 8,596 sales of houses and condos across the GTA.  This is the third highest number of sales for August since 2000. A low supply of inventory contributed to keeping sales numbers down.
 
Sales were down 20% overall from August 2020 although last year the market really took off during the summer. Sales were down just 800 homes from this July.
 
Condo townhouse and high-rise suites took a much higher percentage of sales in August (38.1%) than normal signalling condos are back in demand.  3,277 units were sold in the month making that the 2nd highest-ever for the month of August.
 
The August 2021 average sale price for all GTA homes came in at $1,070,911… a big 12.6% increase compared to one year ago.  If you compare this August to August 2019, two years ago, the average sale price is up 35%.
 
===== Read more=====


Live Right Beside The Lake

This 713 sf waterfront suite is located in an amazing, well-managed building with fantastic amenities. ALL utilities are included in the monthly maintenance fee (except internet/cable/phone of course).
 
There's a friendly 24-hour concierge service, two gym/workout rooms, a large meeting/party room and a smaller work/study room all on the ground level. The BEST amenity is the roof-top terrace with east, south and west views, seating areas and BBQs for residents to use.

 

The interesting layout of this suite offers several options. You could remove the sliding doors between the living room and the office to create a completely open, flowing space OR, leaving the doors in place, create a secondary sleeping area there. As you enter the suite, on the left is the den. You could make this your office space or, add a door & wall to create a child's bedroom.
 
The owner currently (and has for 3 years) rents a parking space on P-1 for $150/yr. This may be able to be continued for a new owner if they need parking for themselves. There is separate visitor parking on the P-1 level as well.

===== Read more about this fabulous condo =====

 


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 $123,000 contributed to the Toronto Sick Kids Hospital