My downtown condo on Queens Quay overlooks one of the city’s buildings where they’ve been replacing an old roof and creating a brand new green roof with new sod which was just finished this week (see photo above). I love it that the city is initiating this type of roof to fight climate change… they did it also on the new school / community centre that was just completed this year on Fort York Blvd in CityPlace.
I’ve chronicled the progress of tearing apart the old roof and building the new one with photos (I’m always curious about how things are built) which I’ll share on my Facebook page in the near future.
As for the Toronto real estate market… it continues to tear along at full speed and continues to break new records for sales volume and average sale price.
You can read the full report OR watch the YouTube video here.
Has there been any change in your personal situation? Are you considering changing your residence or buying / selling an investment property?
If you’re considering one of those changes, you may need some 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.
Have a marvelous October and keep my contact info handy to answer any of your real estate related questions.
Highest Ever Average Sale Prices… 200%+ Increase In Downtown Condo Inventory [VIDEO]
Big numbers came in once again for September as the start of the fall market again showed record sales of 11,083 sales of houses and condos across the GTA. Low interest rates and high demand are continuing to boost our local market.
Condo townhouse and high-rise suite sales were up by 20.7% with a 29% share of the market and 3,213 units being sold. Although not a record, September 2020 sales were only exceeded by those in 2016 (by just over 100 suites).
The September average sale price for all GTA homes came in at $960,772… a big 14% increase compared to 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 September compared to historical numbers was higher by just 5% compared to last year at this time.
Compare that slight inventory increase to a 42% year-over-year sales increase. That’s why we’re seeing such a big jump in appreciation.
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.
Despite the busy market… the September ratio declined slightly to 61%... still a very busy seller market.
The days-on-market average for GTA / Toronto homes dropped 1 day to 16 days.
Watch the video to get the complete September 2020 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!!
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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.