Market Analysis

June 2021



June 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 June 2021 Condo Valuation Here


What’s Your Home Buying Power?
 

If you’re in the market for a new home or investment property, one of the first questions you’ll probably ask is, “What can we afford?” Many buyers become so caught up in how much they can afford that they don’t realize their total buying power—that is, the total amount of purchasing potential they actually have.
 
Buying Power Defined
 
Your buying power is comprised of the total amount of money you have available each month for a mortgage payment. This means the money you have each month after fixed bills and expenses. Any money you’ve saved for a down payment, the proceeds from the sale of your current home, if applicable, and the amount of money you’re qualified to borrow all impact your buying power as well.

Click Here To Read More



From Our Buyer University Series...
 

Get A Credit Card For Your Mortgage

At a time in our market cycle when multiple offers are common and sellers are in control of the offer process, it’s more important than ever to secure your financing commitment before you start going out to look at homes.
 
But there’s a misconception about what that secure commitment entails.
 
What many banks do when qualifying a buyer for a mortgage is to just ask a few questions such as, “What is your annual income?”, and, “What are your debts?”.

Click Here To Read More



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

Attracting The Best Tenants
 

Get Responsible, High Quality Tenants Who Will Pay On Time And Take Care Of Your Property
 
Getting the right tenant for your rental property is the single difference between a profitable income property and an expensive headache of bounced cheques, illegal activities and property damage.
 
This doesn’t mean that by choosing to become a landlord you are taking a huge risk. If you do your research into potential tenants properly, you’ll find that renting out your property can be a very rewarding experience.  As your property appreciates in value, someone else is paying your mortgage for you!
 
We’ve compiled a comprehensive how-to guide on finding that perfect tenant so your income property endeavors are as smooth and profitable as possible. If you are considering being a landlord, read on!

Click Here To Read More


June 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 June 2021 House Valuation Here


From Our Seller University Series...
 

If You Were The Interested Buyer

How can we make your home stand out so that buyer will want to make an offer?
 
Selling your home to get the absolute highest price is all about ‘painting’ a picture of what it would be like for the buyer to live in your home before they actually do.
 
Some of that ‘painting’ is actually just that… painting walls where needed, decluttering, perhaps rearranging furniture and adding cosmetic touches where necessary.

Click Here To Read More
 


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

Well, summer is here big-time now with lots of hot days and nights. 

The big difference for me this summer, besides the coming out of the pandemic, will be taking advantage of my newfound discovery of bicycle riding to keep in shape and get outdoors.

Last fall my son Rylie challenged me to start bike riding with him on my electric bike.  Like some of you perhaps, I had 'range anxiety'... not knowing if I'd have enough strength to get back from a ride of over a few miles.

Turns out my son is a great coach (reversing our old roles) and has nurtured and cajoled me along thru the winter (using the Zwift app on a real road bike) and into the spring to take longer and longer rides.

In late November 2020 I bought a new Trek Domane SL6 road bike, used it inside all thru the cold months, and now on the apparently quite numerous roads and trails around Toronto.

Last weekend I did my longest so far 'man-powered' ride with Rylie for about 60 km all around the western side of Toronto. It's been terrific getting out to enjoy our weather and all the hidden sides of our great city.



Despite what you might see or hear in the media, our GTA real estate market is still moving strongly with a new highest-ever average sale price ($1,108,453) and the 2nd highest number of May sales (11,951).

Downtown condos sold in record numbers in May while adjusted average sale prices were down slightly from 2020 - they came in 4-5% above May averages in 2019 however.

You can read the full MAY 2021 Market Report 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.
Let's get out and enjoy our great city this June smiley 

Thomas

647-962-1650
Thomas@LivingInToronto.com

 




Record May Average Sale Price - Sales 2nd Highest Ever


Hi, I’m Thomas Cook from Toronto's Real Estate Team at RE/MAX and here is our MAY 2021 Toronto real estate market report.
 
The Toronto real estate market has AGAIN hit a number of records including the 2nd highest ever May total home sales plus the 2nd 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 May with a near-record 11,951 sales of houses and condos across the GTA.  The next closest to this was way back in 2016 when we had 12,789 sales.  Low interest rates and high demand are continuing to boost our local market.
 
Sales were up 160% from April 2020 although that’s a misleading number since last year we were in the midst of the pandemic.  Sales were down about 1600 homes from April.
 
Condo townhouse and high-rise suites hit a near-record with sales up big time year-over-year with 3,677 units being sold. Next highest May was back in 2016 when there were 3,945 units sold.
 
The May 2021 average sale price for all GTA homes came in at $1,108,453… a big, but misleading 28.4% increase compared to one year ago but the highest ever average sales price number.  Since February 2021, the average has been over $1,000,000.
 
===== 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