Amazing Clients! Amazing Results!

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.

The GTA Condo Market: 1989 vs Today From Fortress

 

Please contact me direct at 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.

GTA Real Estate Market Report February 2017

Sales Up and Listings Down In February

 

Greater Toronto Realtors reported 8,014 residential sales through the Toronto MLS system in February 2017. The number of transactions in February represented a 5.7% increase compared 7,583 transactions reported in February 2016.

For the region as a whole, strong annual rates of sales growth were experienced for detached homes, townhomes and condo apartments. The pace of semi-detached sales growth was slower. The year-over-year dip in new listings was likely the issue.

Condo apartments in the GTA had the highest sales increase year-over-year at 15.9%.

The number of new listings reported in February was down 12.5% compared to the same period in 2016. Active listings were 5,400 in February 2017-down 50.5% from February 2016.

 “The February statistics tell me that many GTA households continue to view home ownership as a great long-term investment. The high demand for ownership housing we’re seeing is broad-based, with strong sales growth for most low-rise home types and condominium apartments. This makes sense given the results of a recent consumer survey undertaken for TREB by Ipsos, which found an even split between intending first-time buyers and existing homeowners who indicated that they were planning on purchasing a home in 2017,” said Larry Cerqua, TREB’s President.

The average price in February was up by 27.7% from the same time last year to $875,983. Detached homes in the GTA led the way in terms of an average price increase at 32.5% compared to the same time last year.

 

 “The listing supply crunch we are experiencing in the GTA has undoubtedly led to the double-digit home price increases we are now experiencing on a sustained basis, both in the low-rise and high-rise market segments. Until we see a marked increase in the number of homes available for sale, expect very strong annual rates of growth to continue,” said Jason Mercer, TREB’s Director of Market Analysis.

 Sales of Toronto (416 area code) condominium apartments increased by 14.0% in February 2017. The average selling price of a Toronto condo increased by 18.2% in February 2017 from the same time last year to $515,424.

Condominium apartments accounted for 29.4% of total GTA sales in February while detached homes accounted for 46.4% of the total sales.

Other notable statistics include the average days on the market for February at 13 days, down 38.1%. The sales-to-listings ratio for February 2017 was 148% which is classified as a very big seller’s market. A ratio from 24%-28% is considered a balanced market.  

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 neighbourhood specific, building specific  and even very street specific in some areas. The numbers as reported above are GTA averages. Results in one neighbourhood , on one street or in one building do not indicate that all other neighbourhoods, streets or buildings are experiencing the same results. We are still seeing multiple offers in some areas for the best homes and condos.

 

 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.

 

Welcome to 5 Marine Parade Dr, Suite 330

FOR SALE

MLS: W3723080

Spotless And Functional Layout. Open Concept With Over 600Sf. High Ceilings. Natural Light Galore. Large Master Bedroom With A Deep Double Closet. Chefs Kitchen With A Breakfast Bar And Stainless Steel Appliances. Balcony Overlooking Courtyard. Quiet Side Of Building. TTC, Groceries, Shops And Restaurants, Bars, Cinema, Schools, Parks And Trails. Highway Access Nearby. Growing Neighbourhood. Freshly Painted. Just Move In.

Inclusions: All Window Coverings. All Light fixtures. All Stainless Steel Appliances: Fridge, Stove, Microwave/Hood Fan, Dishwasher. Stacked Washer/Dryer. Parking. Locker

For more pictures and information:

http://www.cityoftorontorealestate.ca/Property/5-Marine-Pararde-Dr-330-Toronto 

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

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 Real Estate Market Report January 2017

Strong Start to 2017

 

Greater Toronto Realtors reported 5,188 residential sales through the Toronto MLS system in January 2017. The number of transactions in January represented an 11.8% increase compared to 4,640 transactions reported in January 2016.

 For the region as a whole, strong annual rates of sales growth were experienced for detached homes, townhomes and condo apartments. The pace of semi-detached sales growth was slower. The year-over-year dip in new listings was likely the issue.

 Condo apartments in the GTA had the highest sales increase year-over-year at 26.7%.

 The number of new listings reported in January was down 17.6% compared to the same period in 2016. Active listings were 5,034 in January 2017-down 49.5% from January 2016.

  “Home ownership continues to be a great investment and remains very important to the majority of GTA households. As we move through 2017, we expect demand for ownership housing to remain strong, including demand from first-time buyers who, according to a recent Ipsos survey could account for more than half of the transactions this year. However, many of these would-be buyers will have problems finding a home that meets their needs in a market with very little inventory,” said Larry Cerqua, TREB’s President.

 The average price in January was up by 22.3% from the same time last year to $770,745. Semi-detached homes in the GTA led the way in terms of an average price increase at 28.1% compared to the same time last year.

 

 “The number of active listings on TREB’s MLS System at the end of January was essentially half of what was reported as available at the same time last year. That statistic, on its own, tells us there is a serious supply problem in the GTA – a problem that will continue to play itself out in 2017. The result will be very strong price growth for all home types again this year,” said Jason Mercer, TREB’s Director of Market Analysis.

 Sales of Toronto (416 area code) condominium apartments increased by 26.8% in January 2017. The average selling price of a Toronto condo increased by 13.1% in January 2017 from the same time last year to $471,409

 Condominium apartments accounted for 31.5% of total GTA sales in January while detached homes accounted for 43.6% of the total sales.

 Other notable statistics include the average days on the market for January at 19 days, down 34.5%. The sales-to-listings ratio for January 2017 was 103% which is classified as a very big seller’s market. A ratio from 24%-28% is considered a balanced market.  

 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 neighbourhood specific, building specific  and even very street specific in some areas. The numbers as reported above are GTA averages. Results in one neighbourhood , on one street or in one building do not indicate that all other neighbourhoods, streets or buildings are experiencing the same results. We are still seeing multiple offers in some areas for the best homes and condos.

 

 

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.