Market Analysis

August 2021



August 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 August 2021 Condo Valuation Here


Renters for a Weekend or for a While… What’s the Best Use for Your Investment Property?
 

The residential rental market is now the fastest-growing segment of the housing market. In Canada, rental units now account for nearly one-third of the country’s homes, with particular demand for multi-family units, including apartments and condominiums.
 
At the same time, the short-term, or vacation, rental market is also booming. The popularity of online marketplaces like Airbnb, HomeAway, and VRBO has helped the short-term rental market become one of the fastest-growing segments in the travel industry.
 
Now, more than ever, there is an abundance of opportunity for real estate investors. But which path is best: leasing your property to a long-term tenant, or renting your property to travelers on a short-term basis?
 
In this post, we examine the differences between the two investment strategies and the benefits and limitations of each category. 
 
WHY INVEST IN A RENTAL PROPERTY? The Top 5 Reasons

Click Here To Read More


From Our Buyer University Series...
 

What Conditions Your Condo Offer Should Have
 

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

 
  • Financing
  • ?Home inspection
 

However with purchasing a condominium, a third condition is almost always included which is a condition upon a satisfactory review of the condominium Status Certificate.

Click Here To Read More



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

Six Astounding Advertising & Showing Mistakes Bad Landlords Make


Now let’s talk about how easy it is to screw up the process of taking applications and screening tenants. This is one of the most important parts of being a landlord — being able to properly select tenants will determine a huge amount of your success and happiness as a landlord.
 
So let’s get onto the screw-ups!

Click Here To Read More


August 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 August 2021 House Valuation Here


From Our Seller University Series...
 

5 Best Ways To Absolutely Ensure Your Tenanted Condo Suite Sells
 

Owners of investment condos in Toronto have had to have patience for values to improve but perhaps that time has finally come.
 
Of course you’ve had to deal with several tenants over the period of your ownership and are probably now very familiar with Ontario tenancy laws regarding providing vacant possession of a condo suite.

Click Here To Read More


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


Seems like we've entered the dog days of summer now with hot temperatures and high humidity but I personally love it. After being indoors all winter, it's a welcome relief to be able to get outside (sometimes carrying an umbrella).

Although the media seem to focus on reduced sales in July, that's often very common during the July and August months of summer. It's more accurate to pay attention to how market activity is doing relative to prior years.

July sales overall across the GTA were the 5th highest since the year 2000.

Downtown in the C01 district (west of Yonge), sales were the 3rd highest ever and in the C08 district (east of Yonge), they were the highest ever.

Investors can relax a bit as the rental market downtown took a BIG turn up in July with multiple offers happening for many listings. The flood back into Toronto's central core is starting.

You can read the full JULY 2021 Market Report here

Are you thinking of making a move up or down from your current home? 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.

If you're a new buyer in Toronto, there's lots you'll need to know before venturing out into our wild and crazy market. I'd suggest a good way to start off is by reading my book... the Ultimate Toronto Home Buyer's Guide. It's informative, thought-provoking and perfect for getting insights into how our market works. And it's FREE to download!

Have a terrific August and I'll be in touch again in early September smiley.

Thomas

647-962-1650
Thomas@LivingInToronto.com

 


 Market Cooling? NO! More Like A Typical Summer Lull

Hi, I’m Thomas Cook from Toronto's Real Estate Team at RE/MAX and here is our JULY 2021 Toronto real estate market report.
 
Our Toronto / GTA market continues to hum along at an excellent pace – July sales were the 5th highest since 2000.
 
Let’s review some of the Toronto Real Estate Board statistics and see what’s happened.
 
High-for-July numbers came in once again with 9,390 sales of houses and condos across the GTA.  This is the fifth highest number of sales for July since 2000 (only exceeded by 2009, 2015-2016 and 2020). Low interest rates and high demand are continuing to boost our local market.
 
Sales were down 15% overall from July 2020 although last year the market really took off that month. Sales were down about 1700 homes from this June.
 
Condo townhouse and high-rise suites took a much higher percentage of sales in July (36.8%) than normal signalling condos are back in demand.  3,455 units were sold in the month making that the highest-ever for the month of July.
 
The July 2021 average sale price for all GTA homes came in at $1,062,256… a big 12.6% increase compared to one year ago.  If you compare this July to July 2019, two years ago, the average sale price is up 31.6%.
 
===== 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 $123,000 contributed to the Toronto Sick Kids Hospital