Market Analysis

January 2020

January 2020... 


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 January 2020 Condo Valuation Here

2020 Outlook: Real Estate Market Forecast

After a two year slump, the future's looking bright again for Canadian real estate. Economists expect positive growth in the national housing market in 2020, supported by low mortgage rates, a solid job market, and a rising population.
In fact, in a recent report, RBC Economics called 2019 a “turning point for Canada’s housing market.” To understand why—and where the market is headed—we take a closer look at some of the key indicators and summarize expert predictions for the coming year.
More importantly, we explain what impact these changes will have on buyers, sellers, and homeowners in 2020 and beyond.

Read more here

From Our Mortgage University Series...


IF You Have LESS Than 20% Down Payment OR Can Qualify Using The New Stress Test For Lower Rates…

New Bank of Canada rules that came out in October / November of 2016 and then in January 2018 changed a lot of details about how large of a mortgage both high-ratio borrowers with less than 20% down AND borrowers with more than 20% down can be approved for.
Look at the right-hand column of the chart here titled “BoC Chart @ 5.14%”.  The Bank of Canada (BoC) has dictated that high-ratio borrowers must qualify at the BoC rate determined by them, even if you can get a mortgage for 2% less.

Click Here To Read More

January 2020...


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 January 2020 House Valuation Here

From Our Seller University Series...


Planning A Stress-Free Move

Let’s face it: Moving is NEVER fun! But you can make it a lot less stressful and as hassle- free as possible! For starters, use this guide for general information and the handy checklist to get yourself well organized.
How To Choose A Moving Company...
First, whether your move is local or long distance, choose a properly licensed and bonded company!  Although each moving company’s rules may vary, generally a local move is considered to be within an 80 km radius of the company’s base.

Click Here To Read More

Toronto's Real Estate Team
Toronto Real Estate Market Analysis
For December And Year End 2019

What a year 2019 was!!!  We bounced back from the lowest number of annual sales since 2008 (78,000) in 2018 to a more average year (with almost 88,000 sales).
We recovered from a negative 4.2% drop in average price in 2018 to a positive 4.0% increase in 2019 which took us back close to 2017 levels and that appreciation increase will likely continue into 2020 if the supply of houses and condos for sale stays low.

So we’ve had a downward blip in 2018 but the long term outlook for Toronto and GTA property values looks promising.  Over the last five years, we’ve averaged a 7.9% increase in average sale price every year.  Since 1997 (22 years), our GTA average appreciation has been 6.2% annually which is phenomenal.

It all seems to be unbelievable that prices can still appreciate more from where they are today with a downtown condo average sale price to be in the $700,000 range and semi-detached homes in the Beach at over $1,000,000.  If you’d have asked me back in 1980 when I bought my first home on Silverbirch Avenue (at $57,500) that we’d see prices at this point I’d have told you you were crazy!

What’s to be expected for 2020?  Continued low mortgage rates, perhaps a relaxation in the mortgage qualification stress test and strong buyer activity for houses and condos up to the $1.5M price range should all contribute to a continued busy market with annual appreciation rates in the 5-7% range.

The ONLY reason this will NOT happen is if the inventory of houses or condos for sale increases dramatically.  This is unlikely!!  That will only happen if we have an economic crisis of some magnitude that causes damage to the economies of the world.

IF in 2020 it’s time for you to make a change… sell your condo and move up to a larger suite or house, decide it’s time to sell that investment condo or make a decision to downsize to a smaller home, the first thing you’ll want to do is find out how much your existing property is valued in today’s market.

For a condo suite valuation, go to - please BE SURE to leave me your condo’s monthly maintenance fee so I can send out your report.

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

Watch the video or read my DECEMBER + YEAR-END 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.

My best wishes for a happy and prosperous 2020 and see you next month. 


The YEAR Of The Comeback... [VIDEO]

In December sales were up 16.3% compared to last year with 4,399 houses and condominiums changing hands in all the districts.
Condo townhouse and high-rise suite sales were up by 6.8% with a 36.1% share of the market and 1,590 units being sold.
The December average sale price for all GTA homes came in at $837,788, up 11.8% 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 December compared to historical numbers was lower by a huge 35% compared to last year at this time.
This inventory imbalance is causing price increase in many, but not all, GTA districts.
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 December that ratio finished at 59.4% - almost 27% above last year and the highest we’ve seen this year – indicating a continuing strong, steady market as we start to move into the 2020 spring market.
The days-on-market average for GTA / Toronto homes was 29 days, 5 days slower than November.
Watch the video to get the complete December and year end 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 in the new year 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.

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
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