Amazing Clients! Amazing Results!

mike-pasquale

– Mike P

Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

GTA Condo Market Report Q2 2016

Current Market Conditions Tighten in Q2 2016

 

 

Greater Toronto Realtors reported 8,965 condo apartment sales through the MLS in the second quarter of 2016. The number of transactions represented a 17.4% increase compared to 7,637 transactions reported in Q2 2015.

In the City of Toronto, which accounted for 70% of condo apartment sales in the GTA, sales were up by 18.0%. The average selling price in the City of Toronto was $442,692 up 6.3% from Q2 2015.

The number of new listings in the GTA reported in Q2 was down by 7.9% compared to the same period in 2015.

“TREB Realtor members are involved in all aspects of the condominium apartment market in the GTA, from working with buyers at the pre-construction stage of development through to the resale or rental of existing units. While we have certainly seen a lot of condo construction over the last few years, project completions have not resulted in a glut of inventory. Over the past year, we have actually experienced tighter market conditions and accelerating rates of price growth,” said Toronto Real Estate Board Larry Cerqua.

The average GTA selling price grew in Q2 up by 7.1% from the same time last year to $415,326.

“Similar to low-rise market segments, we have seen growth in condo sales outstrip growth in condo listings this year. Seller’s market conditions exist for condominium apartments in many parts of the GTA including the downtown core. This is why we are seeing average price growth well above the rate of inflation,” said Jason Mercer, TREB’s Senior Manager of Market Analyses.

 

 

Other notable statistics include the average days on the market for Q2 at 25 days. Active listings were 5,185 in Q2-down 27.9% from Q2 2015.

Sellers are looking for market value for their property. I prepare a comparative market analysis (CMA) for all of my Buyer clients prior to submitting an offer to determine the property’s market value range 

Real estate is very building  specific. The numbers as reported above are GTA averages. Results in one building do not indicate that all other buildings  are experiencing the same results.

There were 8,574 condominium apartment rental transactions reported through TREB’s MLS system during Q2 2016. This result represented a year-over-year decrease of 2.7% compared to Q2 2015. The decrease was due to the dip in listings.  In the downtown core the number of rental transactions was up slightly.

Tighter market conditions translated into strong average annual rates of rent growth. GTA-wide, average one-bedroom and two-bedroom rents were up by more than the rate of inflation.

The vacancy rate for a condo apartment in the City of Toronto for Q2 2016 was 1.8%.

 

Do you have any questions about Toronto Real Estate? Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

David Was Always Available

” I’ve been on David Stoddard’s mailing list for many years. It wasn’t until May 2016 that I decided to reach out to him and to meet David in person. I was about to make  one of the worst decisions of my life,  which was to sell my house and to buy a condo. As soon as I mentioned that idea to him he almost jumped out of his chair. Instead, David guided me along a different path. First, he advised me to straighten up my financial situation and then look into purchasing an investment property. I was currently in a bad mortgage product and had some high interest debts significantly affecting my monthly cash-flow. David proposed that I pay out my current mortgage, refinance the house with a better mortgage product and pay off my debts. These steps made a huge positive impact on my monthly cash flow. With my finances in order David proposed step 2. At first, I had a fixed idea of buying a resale investment condo in the downtown core but David suggested another idea based on my personal budget, which he had me prepare.  David introduced the idea of purchasing a pre-construction condo at the Platinum price level in an up and coming area of Toronto. I wasn’t completely sure at first but with all his guidance and wealth of knowledge I couldn’t feel more confident that I made the right choice for my future. David was always available throughout the whole process, even when he was on vacation. David answered the many emails I kept sending him with all my doubts and concerns and he always provided clear explanations.

Thank you David for guiding me on building my real estate portfolio. ”

– Francisco Orta

Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

Can Thieves Crack Your Code?

Smartphones not only help us stay in touch with people from wherever we are, they also allow us to conduct business, bank and pay bills.

While we may think our information is safe because we have screen locks on our phones, it would only take a thieve four hours to crack a simple four number passcode on an iPhone.

The August eReport features information to help you create passcodes that make it difficult for thieves to access your information.

For all of your real estate questions please contact me direct (416-520-6746) or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

Amazing Clients! Amazing Results!

 

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Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.

Amazing Clients! Amazing Results!

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Please contact me direct at or by email, David@DavidStoddard.ca

** You can follow my real estate posts on FACEBOOK. Click here to LIKE my real estate page

Oh, by the way……if you know of someone who would appreciate the level of service I provide, please call me, text me or email me with their name and number. I’ll be happy to follow up and take great care of them.