Friday, April 10, 2015
Tuesday, April 7, 2015
■Market Watch-April, 2015
Sales and Price Up
Year-Over-Year in March 2015
April 7, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015. This result represented an 11 per cent increase compared to March 2014. Sales were up for most major home types, both in the City of Toronto and the surrounding regions. New listings were also up, but by a lesser 5.5 per cent, indicating tighter market conditions.
“Home sales increased compared to last year as the cost of home ownership remained affordable, with lower interest rates going a long way to mitigate the effect of rising home prices. However, a substantial amount of pent-up demand remains in place, especially as it relates to low-rise market segments. This suggests that strong competition between buyers, which has fuelled strong price growth so far this year, will continue to be experienced throughout the spring,” said Mr. Etherington.
In March, the average selling price for all reported transactions was $613,933 – up 10 per cent year-over-year. The MLS® HPI Composite Index, which tracks benchmark homes with the same attributes from one period to the next, was up by 7.9 per cent. Average price growth was strongest for detached homes in the City of Toronto, at 15.9 per cent. Over the same period the detached MLS® HPI in the '416' area code increased 7.8 per cent.
The MLS® HPI provides a clear indication of price growth due to market forces - the relationship between demand and supply. Comparing MLS® HPI growth to average price growth provides a sense of the changing mix of home types sold from one period to the next.
"It is clear that seller's market conditions in many parts of the GTA are driving price growth. However, looking at the detached market segment in the City of Toronto in particular, growth in the average selling price outstripped growth in the MLS® HPI. This points to the fact that the mix of detached homes sold this year compared to last has shifted towards more expensive properties," said Jason Mercer, TREB's Director of Market Analysis.
April 7, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 8,940 sales in March 2015. This result represented an 11 per cent increase compared to March 2014. Sales were up for most major home types, both in the City of Toronto and the surrounding regions. New listings were also up, but by a lesser 5.5 per cent, indicating tighter market conditions.
“Home sales increased compared to last year as the cost of home ownership remained affordable, with lower interest rates going a long way to mitigate the effect of rising home prices. However, a substantial amount of pent-up demand remains in place, especially as it relates to low-rise market segments. This suggests that strong competition between buyers, which has fuelled strong price growth so far this year, will continue to be experienced throughout the spring,” said Mr. Etherington.
In March, the average selling price for all reported transactions was $613,933 – up 10 per cent year-over-year. The MLS® HPI Composite Index, which tracks benchmark homes with the same attributes from one period to the next, was up by 7.9 per cent. Average price growth was strongest for detached homes in the City of Toronto, at 15.9 per cent. Over the same period the detached MLS® HPI in the '416' area code increased 7.8 per cent.
The MLS® HPI provides a clear indication of price growth due to market forces - the relationship between demand and supply. Comparing MLS® HPI growth to average price growth provides a sense of the changing mix of home types sold from one period to the next.
"It is clear that seller's market conditions in many parts of the GTA are driving price growth. However, looking at the detached market segment in the City of Toronto in particular, growth in the average selling price outstripped growth in the MLS® HPI. This points to the fact that the mix of detached homes sold this year compared to last has shifted towards more expensive properties," said Jason Mercer, TREB's Director of Market Analysis.
Tuesday, March 17, 2015
Wednesday, March 11, 2015
■Just Listed_109-3 Everson Dr.
For Sale: $333,900
Fresh & Vibrant 1+1 Condo Townhouse Steps from TTC and Easy Access from Hwy 401. Very walkable and Rider’s paradise! One of the brightest units in the complex with one parking and locker. Professionally decorated living room has a large oversized window and is combined with a contemporary dining room. Elegantly designed master bedroom on the second floor has a partial view of Avondale Park. Enjoy BBQ and Gardening in private terrace! See virtual tour and floor plan.
Virtual Tour
Open House:
Tomorrow (March 12, 2015) 11-1p.m. & 5-7p.m.
Saturday & Sunday (March 14 & 15, 2015) 1-4p.m.
MLS: C3134965
See you then!
Fresh & Vibrant 1+1 Condo Townhouse Steps from TTC and Easy Access from Hwy 401. Very walkable and Rider’s paradise! One of the brightest units in the complex with one parking and locker. Professionally decorated living room has a large oversized window and is combined with a contemporary dining room. Elegantly designed master bedroom on the second floor has a partial view of Avondale Park. Enjoy BBQ and Gardening in private terrace! See virtual tour and floor plan.
Virtual Tour
Open House:
Tomorrow (March 12, 2015) 11-1p.m. & 5-7p.m.
Saturday & Sunday (March 14 & 15, 2015) 1-4p.m.
MLS: C3134965
See you then!
Saturday, March 7, 2015
■Market Watch-March, 2015
Robust Sales and Price Growth in February
March 4, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions.
“Even with the record low temperatures last month, we still saw an increase in the number of people purchasing homes in the GTA. This speaks to the importance households place on home ownership and the fact that buyers continue to view ownership housing as a quality long-term investment in which they can live,” said Mr. Etherington.
The overall supply of homes for sale, as measured by the count of active listings at the end of February 2015, was down by 8.7 per cent compared to the same count in February 2014. This means that market conditions became tighter, leading to more competition between buyers.
The overall average selling price for February 2015 home sales was $596,163– up by 7.8 per cent compared to the average for February 2014. Driving this increase was the detached market segment. In the City of Toronto, the average detached selling price moved above $1 million dollars for the first time in a calendar month.
“The strong year-over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low-rise home types like singles, semis and townhouses are concerned,” said Jason Mercer, TREB’s Director of Market Analysis.
March 4, 2015 -- Toronto Real Estate Board President Paul Etherington announced that Greater Toronto Area REALTORS® reported 6,338 home sales through the TorontoMLS system in February 2015. This result represented a substantial 11.3 per cent year-over-year increase compared to February 2014. Large annual increases in transactions were noted for most major home types, in the City of Toronto and surrounding GTA regions.
“Even with the record low temperatures last month, we still saw an increase in the number of people purchasing homes in the GTA. This speaks to the importance households place on home ownership and the fact that buyers continue to view ownership housing as a quality long-term investment in which they can live,” said Mr. Etherington.
The overall supply of homes for sale, as measured by the count of active listings at the end of February 2015, was down by 8.7 per cent compared to the same count in February 2014. This means that market conditions became tighter, leading to more competition between buyers.
The overall average selling price for February 2015 home sales was $596,163– up by 7.8 per cent compared to the average for February 2014. Driving this increase was the detached market segment. In the City of Toronto, the average detached selling price moved above $1 million dollars for the first time in a calendar month.
“The strong year-over-year price growth we experienced in February points to the robust demand for ownership housing in the GTA, coupled with a constrained supply of homes for sale in some market segments, especially where low-rise home types like singles, semis and townhouses are concerned,” said Jason Mercer, TREB’s Director of Market Analysis.
■Just Listed_2 Lakehill Cres
For Sale: $849,900
Open House: March 8, 2015 2-5p.m.
Golden opportunity on Cherished Lakehill Crescent in Cathedral Bluffs! 3+1 bungalow has 3,000+ Sq. Ft. of sun drenched living space!
Tuesday, March 3, 2015
■For Sale (Exclusive)_109-3 Everson Dr.
For Sale (Exclusive): $334,900
Open House: March 7 & 8 1-4p.m.
Fresh & Vibrant 1+1 Condo Townhouse Steps from TTC and Easy Access from Hwy 401. Very walkable and Rider’s paradise! One of the brightest units in the complex with one parking and locker. Professionally decorated living room has a large oversized window and is combined with a contemporary dining room. Elegantly designed master bedroom on the second floor has a partial view of Avondale Park. Enjoy BBQ and Gardening in private terrace! See virtual tour and floor plan.
Virtual Tour
See you there!
List Price: $334,900
Taxes: $2,053.34 (2014)
Possession Date: 30-60 Days/TBA
Maintenance: $473.71
Heat Exchange Equipment Rental: $34.18/mo
Approximate Square Footage: 800-899 (as per floor plan)
Included in Maintenance Costs: Heat, Hydro, Water, CAC, Common Elements, Parking and Locker
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